Skip to content
Nonprofiteer
← CARROLL ELECTRIC COOPERATIVE INC

Form 990 for tax year 2025

Filed by CARROLL ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$29,578,917
Total expenses
$28,071,416
Contributions and grants received
$0
Grants paid
$6,000
Program service revenue
$29,558,345
Investment income
$18,383
Other revenue
$2,189
Total assets, end of year
$72,702,814
Total liabilities, end of year
$44,597,485
Net assets or fund balances, end of year
$28,105,329
Program services expenses (Part IX)
$28,071,416
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 SERV

    total $28,717,174 · related or exempt $28,717,174

  • 2b · Program service revenue: PATRONAGE CAPITAL CREDITS

    total $576,180 · related or exempt $576,180

  • 2c · Program service revenue: OTHER CAPITAL CREDITS

    total $264,991 · related or exempt $264,991

  • 3 · Investment income

    total $18,183 · excluded $18,183

  • 6a · Gross rents

    real property $2,189

  • 6c · Rental income or loss

    real property $2,189

  • 6d · Net rental income or loss

    total $2,189 · excluded $2,189

  • 7a · Gross sales of assets other than inventory

    other assets $15,200

  • 7b · Less cost or other basis and sales expenses

    other assets $15,000

  • 7c · Gain or loss

    other assets $200

  • 7d · Net gain or loss

    total $200 · excluded $200

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $6,000 · program services $6,000

  • 5 · Compensation of officers, directors and key employees

    total $471,279 · program services $471,279

  • 7 · Other salaries and wages

    total $4,644 · program services $4,644

  • 8 · Pension plan contributions

    total $91,628 · program services $91,628

  • 9 · Other employee benefits

    total $248,014 · program services $248,014

  • 11g · Fees: other

    total $39,407 · program services $39,407

  • 12 · Advertising and promotion

    total $650 · program services $650

  • 13 · Office expenses

    total $126,854 · program services $126,854

  • 16 · Occupancy

    total $162,009 · program services $162,009

  • 17 · Travel

    total $21,216 · program services $21,216

  • 19 · Conferences, conventions and meetings

    total $20,890 · program services $20,890

  • 20 · Interest

    total $1,751,049 · program services $1,751,049

  • 22 · Depreciation, depletion and amortization

    total $2,093,524 · program services $2,093,524

  • 24a · Other expenses: COST OF POWER

    total $16,327,003 · program services $16,327,003

  • 24b · Other expenses: DISTRIBUTION EXP-MAINT

    total $4,996,932 · program services $4,996,932

  • 24c · Other expenses: CONSUMER SERVICE EXPENSE

    total $823,657 · program services $823,657

  • 24d · Other expenses: TAX EXPENSE

    total $731,383 · program services $731,383

  • 24e · All other expenses

    total $155,277 · program services $155,277

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $521,292 · end of year $332,442

  • 4 · Accounts receivable

    beginning of year $2,566,171 · end of year $2,375,716

  • 9 · Prepaid expenses and deferred charges

    beginning of year $71,009 · end of year $79,112

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

    $76,832,539

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

    $18,787,322

  • 10c · Land, buildings and equipment, net

    beginning of year $55,448,028 · end of year $58,045,217

  • 13 · Investments: program-related

    beginning of year $11,259,531 · end of year $11,477,406

  • 15 · Other assets

    beginning of year $390,672 · end of year $392,921

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,198,757 · end of year $3,284,599

  • 19 · Deferred revenue

    beginning of year $203,896 · end of year $204,192

  • 23 · Secured mortgages and notes payable

    beginning of year $38,910,920 · end of year $41,108,694

  • 29 · Capital stock, trust principal or current funds

    beginning of year $27,212,604 · end of year $27,207,238

  • 31 · Retained earnings, endowment or other funds

    beginning of year $730,526 · end of year $898,091

Mission and programs · 2025

Mission

CARROLL ELECTRIC COOPERATIVE INC PROVIDES ELECTRICITY TO ITS MEMBERS.

  • CARROLL ELECTRIC COOPERATIVE (CEC) HAS BEEN COMMITTED TO PROVIDING RELIABLE ELECTRIC SERVICE TO CARROLL, COLUMBIANA, HARRISON, JEFFERSON, TUSCARAWAS AND STARK COUNTIES. CEC PROVIDES ELECTRICAL SERVICE TO NEARLY 8,951 CUSTOMERS.

As filed on the 2025 return.

Listed in Part VII

  • Larry Fenbers

    CEO

    Total calculated
    $586,031
    From this org
    $372,579
    From related orgs
    $0
    Other
    $213,452
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $372,579
    Bonus
    not reported
    Other
    not reported
    Deferred
    $213,452
    Nontaxable benefits
    not reported
    Filer's total
    $586,031

  • William Meese

    MANAGER OF E

    Total calculated
    $261,823
    From this org
    $167,226
    From related orgs
    $0
    Other
    $94,597
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,226
    Bonus
    not reported
    Other
    not reported
    Deferred
    $94,597
    Nontaxable benefits
    not reported
    Filer's total
    $261,823

  • Austin Jackson

    LINEMAN

    Total calculated
    $185,607
    From this org
    $151,595
    From related orgs
    $0
    Other
    $34,012
    Hours/week
    53

    Schedule J breakdown matched by us

    Base
    $151,595
    Bonus
    not reported
    Other
    not reported
    Deferred
    $34,012
    Nontaxable benefits
    not reported
    Filer's total
    $185,607

  • Paden Spilker

    CREW LEADER

    Total calculated
    $184,404
    From this org
    $144,666
    From related orgs
    $0
    Other
    $39,738
    Hours/week
    53

    Schedule J breakdown matched by us

    Base
    $144,666
    Bonus
    not reported
    Other
    not reported
    Deferred
    $39,738
    Nontaxable benefits
    not reported
    Filer's total
    $184,404

  • Vincent Cunningham

    ENGINEER/LIN

    Total calculated
    $171,847
    From this org
    $125,979
    From related orgs
    $0
    Other
    $45,868
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $125,979
    Bonus
    not reported
    Other
    not reported
    Deferred
    $45,868
    Nontaxable benefits
    not reported
    Filer's total
    $171,847

  • Brian Riggs

    CREW LEADER

    Total calculated
    $165,797
    From this org
    $143,384
    From related orgs
    $0
    Other
    $22,413
    Hours/week
    49

    Schedule J breakdown matched by us

    Base
    $143,384
    Bonus
    not reported
    Other
    not reported
    Deferred
    $22,413
    Nontaxable benefits
    not reported
    Filer's total
    $165,797

  • Harold Sutton

    CHAIRMAN

    Total calculated
    $13,875
    From this org
    $13,875
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Kevin Tullis

    SECRETARY/TR

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Vincent Carter

    DIRECTOR

    Total calculated
    $11,925
    From this org
    $11,925
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Diane Brown

    DIRECTOR

    Total calculated
    $11,750
    From this org
    $11,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Tim N Dayton

    DIRECTOR

    Total calculated
    $10,800
    From this org
    $10,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Robert McCort

    DIRECTOR

    Total calculated
    $10,500
    From this org
    $10,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Gary Snode

    VICE CHAIRMA

    Total calculated
    $10,500
    From this org
    $10,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • William T Brown

    DIRECTOR

    Total calculated
    $9,050
    From this org
    $9,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • William Casper

    DIRECTOR

    Total calculated
    $8,300
    From this org
    $8,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Jordan Hoffman

    GENERAL MANA

    Total calculated
    $0

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 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2025
Filed
7 August 2026
IRS schema version
2025v4.0
Source object
202622299349300822

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.