Skip to content
Nonprofiteer
← CRAIGHEAD ELECTRIC COOPERATIVE CORPORATION

Form 990 for tax year 2024

Filed by CRAIGHEAD ELECTRIC COOPERATIVE CORPORATION.

Totals

Total revenue
$83,786,373
Total expenses
$83,786,373
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$77,854,320
Investment income
$5,895,109
Other revenue
$36,944
Total assets, end of year
$343,789,155
Total liabilities, end of year
$204,102,667
Net assets or fund balances, end of year
$139,686,488
Program services expenses (Part IX)
$83,786,373
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: SALE OF ELECTRIC ENERGY

    total $72,377,160 · related or exempt $72,377,160

  • 2b · Program service revenue: RENTAL - OFFICE SPACE

    total $4,709,209 · excluded $4,709,209

  • 2c · Program service revenue: RENTAL - EQUIPMENT

    total $757,904 · excluded $757,904

  • 2d · Program service revenue: MERCHANDISING

    total $8,542 · excluded $8,542

  • 2e · Program service revenue: CERTAIN PROPERTY

    total $1,505 · related or exempt $1,505

  • 3 · Investment income

    total $5,895,109 · related or exempt $2,716,330 · excluded $3,178,779

  • 11a · Other revenue: EXCESS SALES TAX COLLECTED

    total $34,303 · related or exempt $34,303

  • 11b · Other revenue: MISC NONOPERATING INCOME

    total $2,641 · related or exempt $2,641

  • 11e · Other revenue, total

    $36,944

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $7,540,531 · program services $7,540,531

  • 5 · Compensation of officers, directors and key employees

    total $1,660,237 · program services $1,660,237

  • 6 · Compensation of disqualified persons

    total $576,474 · program services $576,474

  • 7 · Other salaries and wages

    total $9,296,439 · program services $9,296,439

  • 11g · Fees: other

    total $53,458,262 · program services $53,458,262

  • 22 · Depreciation, depletion and amortization

    total $11,234,446 · program services $11,234,446

  • 24a · Other expenses: COGS

    total $19,984 · program services $19,984

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $20,551,294 · end of year $9,611,551

  • 2 · Savings and temporary cash investments

    beginning of year $5,053,502 · end of year $1,414,774

  • 3 · Pledges and grants receivable

    beginning of year $49,332 · end of year $23,218

  • 4 · Accounts receivable

    beginning of year $5,730,669 · end of year $6,840,815

  • 8 · Inventories for sale or use

    beginning of year $4,641,348 · end of year $4,235,463

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,577,403 · end of year $2,989,878

  • 10a · Land, buildings and equipment: cost or other basis

    $351,400,465

  • 10b · Land, buildings and equipment: accumulated depreciation

    $87,155,647

  • 10c · Land, buildings and equipment, net

    beginning of year $256,008,736 · end of year $264,244,818

  • 13 · Investments: program-related

    beginning of year $23,505,846 · end of year $25,534,884

  • 15 · Other assets

    beginning of year $21,211,167 · end of year $28,893,754

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,478,530 · end of year $5,388,854

  • 18 · Grants payable

    beginning of year $1,594,803 · end of year $1,562,034

  • 19 · Deferred revenue

    beginning of year $10,540,901 · end of year $9,773,500

  • 23 · Secured mortgages and notes payable

    beginning of year $193,825,256 · end of year $187,378,279

  • 29 · Capital stock, trust principal or current funds

    beginning of year $94,808 · end of year $92,491

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $67,840,593 · end of year $71,318,140

  • 31 · Retained earnings, endowment or other funds

    beginning of year $58,954,406 · end of year $68,275,857

Mission and programs · 2024

Mission

PROVIDE ELECTRIC POWER TO RURAL AREAS.

  • SALE OF ELECTRIC POWER TO MEMBERS. 37,922 SERVICES IN PLACE AT END OF YEAR.

  • SALE OF BROADBAND SERVICES TO MEMBERS.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jeremiah Sloan

    CEO

    Total calculated
    $434,970
    From this org
    $359,864
    From related orgs
    $0
    Other
    $75,106

    Schedule J breakdown matched by us

    Base
    $359,864
    Bonus
    not reported
    Other
    not reported
    Deferred
    $75,106
    Nontaxable benefits
    not reported
    Filer's total
    $434,970

  • Keith Blocker

    VP OF ENGINE

    Total calculated
    $324,474
    From this org
    $243,663
    From related orgs
    $0
    Other
    $80,811
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $243,663
    Bonus
    not reported
    Other
    not reported
    Deferred
    $80,811
    Nontaxable benefits
    not reported
    Filer's total
    $324,474

  • Justin Etter

    CEO

    Total calculated
    $240,065
    From this org
    $172,531
    From related orgs
    $0
    Other
    $67,534
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $172,531
    Bonus
    not reported
    Other
    not reported
    Deferred
    $67,534
    Nontaxable benefits
    not reported
    Filer's total
    $240,065

  • Mindy Smith

    CFO

    Total calculated
    $222,472
    From this org
    $168,418
    From related orgs
    $0
    Other
    $54,054
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $168,418
    Bonus
    not reported
    Other
    not reported
    Deferred
    $54,054
    Nontaxable benefits
    not reported
    Filer's total
    $222,472

  • Michael Bowers

    VP OF OPERAT

    Total calculated
    $216,682
    From this org
    $168,774
    From related orgs
    $0
    Other
    $47,908
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $168,774
    Bonus
    not reported
    Other
    not reported
    Deferred
    $47,908
    Nontaxable benefits
    not reported
    Filer's total
    $216,682

  • Brittney McNamee

    CAO

    Total calculated
    $216,009
    From this org
    $161,723
    From related orgs
    $0
    Other
    $54,286
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $161,723
    Bonus
    not reported
    Other
    not reported
    Deferred
    $54,286
    Nontaxable benefits
    not reported
    Filer's total
    $216,009

  • Tosh Manning

    JOURNEYMAN L

    Total calculated
    $193,100
    From this org
    $143,372
    From related orgs
    $0
    Other
    $49,728
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $143,372
    Bonus
    not reported
    Other
    not reported
    Deferred
    $49,728
    Nontaxable benefits
    not reported
    Filer's total
    $193,100

  • Daniel Flowers

    VP OF SAFETY

    Total calculated
    $174,457
    From this org
    $123,007
    From related orgs
    $0
    Other
    $51,450
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $123,007
    Bonus
    not reported
    Other
    not reported
    Deferred
    $51,450
    Nontaxable benefits
    not reported
    Filer's total
    $174,457

  • Mark A Miller

    VP OF OPERAT

    Total calculated
    $141,504
    From this org
    $105,393
    From related orgs
    $0
    Other
    $36,111

    Schedule J breakdown matched by us

    Base
    $105,393
    Bonus
    not reported
    Other
    not reported
    Deferred
    $36,111
    Nontaxable benefits
    not reported
    Filer's total
    $141,504

  • Lindsey Bowman

    VP OF MARKET

    Total calculated
    $123,701
    From this org
    $116,549
    From related orgs
    $0
    Other
    $7,152
    Hours/week
    50

  • Keith Mosbey

    DIRECTOR

    Total calculated
    $26,121
    From this org
    $26,121
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.58

  • Dwight England

    DIRECTOR

    Total calculated
    $24,747
    From this org
    $24,747
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.56

  • Steve Kueter

    DIRECTOR

    Total calculated
    $24,521
    From this org
    $24,521
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.67

  • Len Nall

    DIRECTOR

    Total calculated
    $19,681
    From this org
    $19,681
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.23

  • Bobby Wade

    DIRECTOR

    Total calculated
    $15,861
    From this org
    $15,861
    From related orgs
    $0
    Other
    $0
    Hours/week
    8.56

  • Terry Rorex

    DIRECTOR

    Total calculated
    $15,725
    From this org
    $15,725
    From related orgs
    $0
    Other
    $0
    Hours/week
    9.34

  • Bill Elliot Jr

    DIRECTOR

    Total calculated
    $15,721
    From this org
    $15,721
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.98

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • 3EB BROADBAND SOLUTIONS LLC

    BROADBAND · AR

Provenance

Return type
form_990
Tax year
2024
Filed
18 September 2025
IRS schema version
2024v5.0
Source object
202513079349302326

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.