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BANDERA ELECTRIC COOPERATIVE INC

EIN 74-0498072 BANDERA, TX

Browse the largest nonprofits in Texas

Revenue 2024
$114,366,638
Expenses 2024
$114,274,372

As filed

Subsection
12
Classification
4000
Street
PO BOX 667

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).

Mission and programs · 2024

Mission

LIGHTING THE GRID TO EMPOWER OUR MEMBERS.

Activities or mission (Part I)

TO PROVIDE ELECTRIC, BROADBAND INTERNET AND OTHER RELATED GOODS AND SERVICES TO OUR MEMBERS.

  • ELECTRIC DIVISION:PROVIDING ELECTRIC ENERGY TO OUR MEMBERS AT COST ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 42,023 ACTIVE SERVICES AT YEAR END.

  • FIBER DIVISION:PROVIDING FIBER OPTIC BROADBAND INTERNET SERVICES TO MEMBERS ON A PATRONAGE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 13,617 BROADBAND SUBSCRIBERS AT YEAR END.

  • ENERGY SERVICES DIVISION:PROVIDING SOLAR ENERGY AND ENERGY MANAGEMENT SOLUTIONS TO MEMBERS ON A PATRONAGE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL WHEN CUMULATIVE NET MARGINS FROM THESE SERVICES EXCEEDS CUMULATIVE LOSSES. THERE WERE 870 SUBSCRIBERS AT YEAR END.

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.

  • Annegreth Niemann

    DIRECTOR

    Total calculated
    $34,725
    From this org
    $34,725
    From related orgs
    $0
    Other
    $0
    Hours/week
    12.5
  • Chris Blakemore

    DIRECTOR

    Total calculated
    $35,500
    From this org
    $35,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.9
  • Jeffery Slocum

    DIRECTOR

    Total calculated
    $28,500
    From this org
    $28,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    6
  • Jeremy Diller

    VICE CHAIRMAN

    Total calculated
    $34,000
    From this org
    $34,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.8
  • Kurt Solis

    SECRETARY/TREASURER

    Total calculated
    $31,100
    From this org
    $31,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.5
  • Frances Laue

    DIRECTOR

    Total calculated
    $30,000
    From this org
    $30,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.3
  • Michael Edwards

    CHAIRMAN

    Total calculated
    $31,700
    From this org
    $31,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.8
  • Richard Earnest

    DIRECTOR

    Total calculated
    $28,000
    From this org
    $28,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.4
  • Robert Aguirre

    DIRECTOR

    Total calculated
    $31,000
    From this org
    $31,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    6
  • William Hetherington

    CHIEF EXECUTIVE OFFICER/GM

    Total calculated
    $965,536
    From this org
    $817,452
    From related orgs
    $0
    Other
    $148,084
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $387,456
    Bonus
    $406,418
    Other
    $23,578
    Deferred
    $121,534
    Nontaxable benefits
    $26,550
    Filer's total
    $965,536
  • Stephanie Pankratz

    CHIEF FINANCIAL OFFICER

    Total calculated
    $255,248
    From this org
    $224,698
    From related orgs
    $0
    Other
    $30,550
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $202,980
    Bonus
    $20,958
    Other
    $760
    Deferred
    $9,302
    Nontaxable benefits
    $21,248
    Filer's total
    $255,248
  • Shane Schmidt

    CHIEF OPERATIONS OFFICER

    Total calculated
    $421,251
    From this org
    $343,468
    From related orgs
    $0
    Other
    $77,783
    Hours/week
    52

    Schedule J breakdown matched by us

    Base
    $293,336
    Bonus
    $48,754
    Other
    $1,378
    Deferred
    $45,013
    Nontaxable benefits
    $32,770
    Filer's total
    $421,251
  • John Padalino

    GENERAL COUNSEL/CHIEF ADMIN OFFICER

    Total calculated
    $446,304
    From this org
    $366,292
    From related orgs
    $0
    Other
    $80,012
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $310,521
    Bonus
    $54,063
    Other
    $1,708
    Deferred
    $48,922
    Nontaxable benefits
    $31,090
    Filer's total
    $446,304
  • John Rush

    DIRECTOR OF ELECTRIC OPERATIONS

    Total calculated
    $297,508
    From this org
    $218,967
    From related orgs
    $0
    Other
    $78,541
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $182,453
    Bonus
    $30,888
    Other
    $5,626
    Deferred
    $51,441
    Nontaxable benefits
    $27,100
    Filer's total
    $297,508
  • Thilo Janssen

    DIRECTOR OF ENGINEERING

    Total calculated
    $257,533
    From this org
    $193,999
    From related orgs
    $0
    Other
    $63,534
    Hours/week
    52

    Schedule J breakdown matched by us

    Base
    $163,452
    Bonus
    $29,403
    Other
    $1,144
    Deferred
    $37,434
    Nontaxable benefits
    $26,100
    Filer's total
    $257,533
  • Allen Marshall

    DIRECTOR OF BROADBAND OPERATIONS

    Total calculated
    $234,621
    From this org
    $179,185
    From related orgs
    $0
    Other
    $55,436
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $164,311
    Bonus
    $14,145
    Other
    $729
    Deferred
    $27,901
    Nontaxable benefits
    $27,535
    Filer's total
    $234,621
  • Michael Shults

    NETWORK OPERATIONS MANAGER

    Total calculated
    $207,992
    From this org
    $163,624
    From related orgs
    $0
    Other
    $44,368
    Hours/week
    46

    Schedule J breakdown matched by us

    Base
    $148,831
    Bonus
    $14,145
    Other
    $648
    Deferred
    $19,308
    Nontaxable benefits
    $25,060
    Filer's total
    $207,992
  • Johnny Olibas

    DIRECTOR OF INFORMATION TECHNOLOGY

    Total calculated
    $232,629
    From this org
    $161,125
    From related orgs
    $0
    Other
    $71,504
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $103,227
    Bonus
    $35,625
    Other
    $22,273
    Deferred
    $52,357
    Nontaxable benefits
    $19,147
    Filer's total
    $232,629
  • Mark Busby

    T&D OPERATIONS MANAGER

    Total calculated
    $279,961
    From this org
    $154,676
    From related orgs
    $0
    Other
    $125,285
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $140,563
    Bonus
    $11,824
    Other
    $2,289
    Deferred
    $91,395
    Nontaxable benefits
    $33,890
    Filer's total
    $279,961
  • John Hernandez

    LINE FOREMAN

    Total calculated
    $230,096
    From this org
    $163,762
    From related orgs
    $0
    Other
    $66,334
    Hours/week
    51

    Schedule J breakdown matched by us

    Base
    $154,502
    Bonus
    $7,605
    Other
    $1,655
    Deferred
    $39,784
    Nontaxable benefits
    $26,550
    Filer's total
    $230,096
  • William Downum

    LINE FOREMAN

    Total calculated
    $194,986
    From this org
    $153,184
    From related orgs
    $0
    Other
    $41,802
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $146,625
    Bonus
    $6,087
    Other
    $472
    Deferred
    $17,332
    Nontaxable benefits
    $24,470
    Filer's total
    $194,986
  • Garrett Clark

    LINE FOREMAN

    Total calculated
    $199,700
    From this org
    $151,554
    From related orgs
    $0
    Other
    $48,146
    Hours/week
    49

    Schedule J breakdown matched by us

    Base
    $144,815
    Bonus
    $6,159
    Other
    $580
    Deferred
    $17,056
    Nontaxable benefits
    $31,090
    Filer's total
    $199,700
  • Billy Simpson

    MANAGER OF PRODUCTS & SERV

    Total calculated
    $200,901
    From this org
    $148,862
    From related orgs
    $0
    Other
    $52,039
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $136,351
    Bonus
    $11,983
    Other
    $528
    Deferred
    $20,949
    Nontaxable benefits
    $31,090
    Filer's total
    $200,901
  • Joseph Sauce

    INFORMATION TECHNOLOGY MANAGER

    Total calculated
    $169,941
    From this org
    $143,810
    From related orgs
    $0
    Other
    $26,131
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $137,615
    Bonus
    $5,454
    Other
    $741
    Deferred
    $12,069
    Nontaxable benefits
    $14,062
    Filer's total
    $169,941

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
    $114,366,638
    Expenses
    $114,274,372
    Contributions
    $0
    Grants paid
    $101,968
  • 2023
    Revenue
    $110,428,725
    Expenses
    $110,134,246
    Contributions
    $0
    Grants paid
    $93,030
  • 2022
    Revenue
    $101,364,554
    Expenses
    $103,436,072
    Contributions
    $0
    Grants paid
    $113,924

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
    $89,188,257
    Expenses
    $89,743,428
    Assets (EOY)
    $290,540,608
  • 2020 · 990

    Revenue
    $81,183,694
    Expenses
    $81,387,836
    Assets (EOY)
    $270,892,866
  • 2019 · 990

    Revenue
    $80,569,947
    Expenses
    $80,356,378
    Assets (EOY)
    $245,266,579
  • 2018 · 990

    Revenue
    $74,737,443
    Expenses
    $74,854,330
    Assets (EOY)
    $205,162,185
  • 2017 · 990

    Revenue
    $68,165,392
    Expenses
    $68,674,357
    Assets (EOY)
    $171,792,444
  • 2016 · 990

    Revenue
    $60,033,432
    Expenses
    $60,017,539
    Assets (EOY)
    $160,704,961
  • 2015 · 990

    Revenue
    $64,392,917
    Expenses
    $64,362,130
    Assets (EOY)
    $160,237,489
  • 2014 · 990

    Revenue
    $74,869,906
    Expenses
    $74,869,906
    Assets (EOY)
    $168,007,330
  • 2013 · 990

    Revenue
    $62,818,004
    Expenses
    $62,818,004
    Assets (EOY)
    $166,169,241
  • 2012 · 990

    Revenue
    not reported
    Expenses
    $60,104,648
    Assets (EOY)
    $162,402,670

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 2024 return

Declared as related by

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.