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BRAZOS ELECTRIC POWER COOPERATIVE INC

EIN 74-0524729 WACO, TX

Largest nonprofits in Texas

Revenue 2024
$312,124,623
Expenses 2024
$295,608,811

As filed

Subsection
12
Classification
4000
Street
7616 BAGBY AVE

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

1 other organization in the IRS Business Master File lists the same street address. matched by us

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

Mission and programs · 2024

Mission

BRAZOS ELECTRIC provides safe, reliable, and cost-effective transmission and distribution service to RURAL ELECTRIC DISTRIBUTION COOPERATIVES. BRAZOS SERVES SIXTEEN MEMBER COOPERATIVES.

Activities or mission (Part I)

Brazos Electric provides safe, reliable, and cost-effective transmission and distribution service to members and wholesale transmission customers while supporting the reliability of the bulk power system.

  • BRAZOS ELECTRIC provides safe, reliable, and cost-effective transmission and distribution service to RURAL ELECTRIC DISTRIBUTION COOPERATIVES. BRAZOS SERVES SIXTEEN MEMBER COOPERATIVES.

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Audie Morris

    VICE PRESIDENT

    Total calculated
    $43,573
    From this org
    $43,573
    From related orgs
    $0
    Other
    $0
    Hours/week
    9
  • Dennis McWhorter

    PRESIDENT

    Total calculated
    $43,139
    From this org
    $43,139
    From related orgs
    $0
    Other
    $0
    Hours/week
    20
  • Rick Ickert

    SECRETARY/TREASURER

    Total calculated
    $44,007
    From this org
    $44,007
    From related orgs
    $0
    Other
    $0
    Hours/week
    8
  • Billy Jones

    DIRECTOR THROUGH 01/31/2024

    Total calculated
    $3,087
    From this org
    $3,087
    From related orgs
    $0
    Other
    $0
    Hours/week
    12
  • Brandon Young

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4
  • Cameron Smallwood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Cody Lasater

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3
  • Donnie Clary

    DIRECTOR 03/01/2024 THROUGH 03/31/2024

    Total calculated
    $0
    Hours/week
    6
  • Frankie Martin

    DIRECTOR

    Total calculated
    $42,862
    From this org
    $42,862
    From related orgs
    $0
    Other
    $0
    Hours/week
    4
  • Henry Bradford

    DIRECTOR

    Total calculated
    $38,158
    From this org
    $38,158
    From related orgs
    $0
    Other
    $0
    Hours/week
    4
  • Jill Sadberry

    DIRECTOR

    Total calculated
    $34,958
    From this org
    $34,958
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • Kenneth Alexander

    DIRECTOR THROUGH 07/31/2024

    Total calculated
    $19,992
    From this org
    $19,992
    From related orgs
    $0
    Other
    $0
    Hours/week
    6
  • Melissa Watts

    DIRECTOR THROUGH 03/31/2024

    Total calculated
    $0
    Hours/week
    6
  • Monty Carlisle

    DIRECTOR

    Total calculated
    $38,785
    From this org
    $38,785
    From related orgs
    $0
    Other
    $0
    Hours/week
    8
  • Neil J Hesse

    DIRECTOR

    Total calculated
    $0
    Hours/week
    6
  • Scott Martin

    DIRECTOR

    Total calculated
    $41,824
    From this org
    $41,824
    From related orgs
    $0
    Other
    $0
    Hours/week
    4
  • Steve Jones

    DIRECTOR

    Total calculated
    $38,110
    From this org
    $38,110
    From related orgs
    $0
    Other
    $0
    Hours/week
    12
  • Steven Vann Harris

    DIRECTOR

    Total calculated
    $29,327
    From this org
    $29,327
    From related orgs
    $0
    Other
    $0
    Hours/week
    6
  • William Allen

    DIRECTOR

    Total calculated
    $38,013
    From this org
    $38,013
    From related orgs
    $0
    Other
    $0
    Hours/week
    8
  • William Ragsdale

    DIRECTOR

    Total calculated
    $37,843
    From this org
    $37,843
    From related orgs
    $0
    Other
    $0
    Hours/week
    15
  • Khaki Bordovsky

    CFO - VP OF CORPORATE SERVICES

    Total calculated
    $497,016
    From this org
    $431,838
    From related orgs
    $0
    Other
    $65,178
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $407,967
    Bonus
    $12,410
    Other
    $11,461
    Deferred
    $29,547
    Nontaxable benefits
    $35,631
    Filer's total
    $497,016
  • Mark Fagan

    EXECUTIVE VP & GM

    Total calculated
    $837,791
    From this org
    $758,684
    From related orgs
    $0
    Other
    $79,107
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $717,636
    Bonus
    $24,281
    Other
    $16,767
    Deferred
    $34,500
    Nontaxable benefits
    $44,607
    Filer's total
    $837,791
  • David Albers

    VICE PRESIDENT - ENGINEERING & SYSTEM PLANNING

    Total calculated
    $291,272
    From this org
    $216,146
    From related orgs
    $0
    Other
    $75,126
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $201,045
    Bonus
    $8,704
    Other
    $6,397
    Deferred
    $37,060
    Nontaxable benefits
    $38,066
    Filer's total
    $291,272
  • David Webb

    COO - VP OF OPS & MAINT

    Total calculated
    $272,445
    From this org
    $210,454
    From related orgs
    $0
    Other
    $61,991
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $190,786
    Bonus
    $18,317
    Other
    $1,351
    Deferred
    $26,069
    Nontaxable benefits
    $35,922
    Filer's total
    $272,445
  • Johnny York

    VICE PRESIDENT - TRANSMISSION THROUGH 10/31/2024

    Total calculated
    $785,798
    From this org
    $472,994
    From related orgs
    $0
    Other
    $312,804
    Hours/week
    41

    Schedule J breakdown matched by us

    Base
    $339,966
    Bonus
    $120,000
    Other
    $13,028
    Deferred
    $286,554
    Nontaxable benefits
    $26,250
    Filer's total
    $785,798

The first 25 listed. 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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $312,124,623
    Expenses
    $295,608,811
    Contributions
    $0
    Grants paid
    $0
  • 2023
    Revenue
    $292,090,235
    Expenses
    $275,623,370
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $1,870,614,504
    Expenses
    $2,636,440,308
    Contributions
    $0
    Grants paid
    $140,000,000

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $3,817,080,554
    Expenses
    $3,820,988,870
    Assets (EOY)
    $5,681,362,952
  • 2020 · 990

    Revenue
    $1,063,273,259
    Expenses
    $1,063,177,881
    Assets (EOY)
    $3,165,904,422
  • 2019 · 990

    Revenue
    $1,062,175,830
    Expenses
    $1,062,147,048
    Assets (EOY)
    $3,055,152,025
  • 2018 · 990

    Revenue
    $1,062,055,216
    Expenses
    $1,062,047,467
    Assets (EOY)
    $3,025,402,476
  • 2017 · 990

    Revenue
    $905,340,961
    Expenses
    $846,585,141
    Assets (EOY)
    $3,171,300,381
  • 2016 · 990

    Revenue
    $871,340,334
    Expenses
    $802,997,182
    Assets (EOY)
    $3,159,350,306
  • 2015 · 990

    Revenue
    $944,865,014
    Expenses
    $899,591,911
    Assets (EOY)
    $3,134,749,894
  • 2014 · 990

    Revenue
    $1,116,516,637
    Expenses
    $1,050,709,861
    Assets (EOY)
    $3,108,877,107
  • 2013 · 990

    Revenue
    $943,894,900
    Expenses
    $869,831,703
    Assets (EOY)
    $2,959,150,321
  • 2012 · 990

    Revenue
    not reported
    Expenses
    $788,337,490
    Assets (EOY)
    $3,060,911,719

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

Where these grants went next →

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2022 return

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Related corporations and trusts on its 2023 return

  • BRAZOS FUEL COMPANY

    C Corporation · FUEL PRODUCTS · TX · 100% owned · controlled entity

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Not present in the most recent drop.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.