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KAY ELECTRIC COOPERATIVE INCORPORATE

EIN 73-0308955 BLACKWELL, OK

Largest nonprofits in Oklahoma

Revenue 2024
$41,946,996
Expenses 2024
$41,812,032

As filed

Subsection
12
Classification
4000
Street
PO BOX 607

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

KAY ELECTRIC COOPERATIVE IS A RURAL ELECTRIC DISTRIBUTION COOPERATIVE ORGANIZED UNDER THE RURAL ELECTRIC COOPERATIVE ACT. OUR MISSION IS TO PROVIDE DEPENDABLE, AFFORDABLE, AND SAFE ELECTRICITY TO OUR MEMBER-OWNERS.

Activities or mission (Part I)

TO PROVIDE RELIABLE ELECTRICITY TO OUR MEMBER/OWNERS AT A REASONABLE COST.

  • SALE OF ELECTRIC POWER TO MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 5,892 ACTIVE SERVICES 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.

  • Verl Brorsen

    VICE PRESIDENT

    Total calculated
    $38,635
    From this org
    $38,635
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.3
  • Max Hohmann

    PRESIDENT

    Total calculated
    $37,567
    From this org
    $37,567
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.27
  • Dr Tim Blanton

    TRUSTEE

    Total calculated
    $36,019
    From this org
    $36,019
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.31
  • Brady Hostetler

    TRUSTEE

    Total calculated
    $35,832
    From this org
    $35,832
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.09
  • Jake Olsen

    TRUSTEE

    Total calculated
    $34,846
    From this org
    $34,846
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.81
  • Michael Lebeda

    TRUSTEE

    Total calculated
    $34,310
    From this org
    $34,310
    From related orgs
    $0
    Other
    $0
    Hours/week
    5
  • Ron Shoffner

    SECRETARY/TREASURER

    Total calculated
    $33,744
    From this org
    $33,744
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.89
  • Chad Otto

    TRUSTEE

    Total calculated
    $33,213
    From this org
    $33,213
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.75
  • Bart Cardwell

    TRUSTEE

    Total calculated
    $15,651
    From this org
    $15,651
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.48
  • Jason Boesch

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $424,924
    From this org
    $239,103
    From related orgs
    $0
    Other
    $185,821
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $230,531
    Bonus
    $512
    Other
    $8,060
    Deferred
    $153,345
    Nontaxable benefits
    $32,476
    Filer's total
    $424,924
  • Joseph Soulek

    CHIEF OPERATING OFFICER

    Total calculated
    $146,083
    From this org
    $126,955
    From related orgs
    $0
    Other
    $19,128
    Hours/week
    51
  • Douglas Worley

    DIRECTOR OF ENGINEERING

    Total calculated
    $249,631
    From this org
    $170,020
    From related orgs
    $0
    Other
    $79,611
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $160,535
    Bonus
    $541
    Other
    $8,944
    Deferred
    $46,943
    Nontaxable benefits
    $32,668
    Filer's total
    $249,631
  • David Childers

    DIRECTOR OF ACCOUNTING

    Total calculated
    $222,252
    From this org
    $143,627
    From related orgs
    $0
    Other
    $78,625
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $140,976
    Bonus
    $642
    Other
    $2,009
    Deferred
    $46,060
    Nontaxable benefits
    $32,565
    Filer's total
    $222,252
  • Heath Lambert

    DIRECTOR OF OPERATIONS

    Total calculated
    $201,307
    From this org
    $131,638
    From related orgs
    $0
    Other
    $69,669
    Hours/week
    54

    Schedule J breakdown matched by us

    Base
    $124,709
    Bonus
    $541
    Other
    $6,388
    Deferred
    $37,599
    Nontaxable benefits
    $32,070
    Filer's total
    $201,307
  • James Rigdon

    LINE FOREMAN

    Total calculated
    $195,753
    From this org
    $119,540
    From related orgs
    $0
    Other
    $76,213
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $110,983
    Bonus
    $1,189
    Other
    $7,368
    Deferred
    $45,151
    Nontaxable benefits
    $31,062
    Filer's total
    $195,753
  • Joel Garza

    MANAGER OF STAKING

    Total calculated
    $175,220
    From this org
    $119,967
    From related orgs
    $0
    Other
    $55,253
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $117,423
    Bonus
    $541
    Other
    $2,003
    Deferred
    $25,573
    Nontaxable benefits
    $29,680
    Filer's total
    $175,220
  • Terry Grace

    LINE FOREMAN

    Total calculated
    $160,114
    From this org
    $125,744
    From related orgs
    $0
    Other
    $34,370
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $123,360
    Bonus
    $1,069
    Other
    $1,315
    Deferred
    $33,611
    Nontaxable benefits
    $759
    Filer's total
    $160,114

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
    $41,946,996
    Expenses
    $41,812,032
    Contributions
    $0
    Grants paid
    $16,347
  • 2023
    Revenue
    $41,987,679
    Expenses
    $41,826,222
    Contributions
    $0
    Grants paid
    $19,341
  • 2022
    Revenue
    $47,046,293
    Expenses
    $46,816,280
    Contributions
    $0
    Grants paid
    $14,007

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
    $38,874,872
    Expenses
    $38,740,860
    Assets (EOY)
    $91,756,147
  • 2020 · 990

    Revenue
    $32,473,163
    Expenses
    $32,179,034
    Assets (EOY)
    $87,776,196
  • 2019 · 990

    Revenue
    $34,475,847
    Expenses
    $34,364,423
    Assets (EOY)
    $83,849,236
  • 2018 · 990

    Revenue
    $34,631,223
    Expenses
    $34,480,446
    Assets (EOY)
    $81,406,718
  • 2017 · 990

    Revenue
    $34,305,415
    Expenses
    $34,190,291
    Assets (EOY)
    $81,573,662
  • 2016 · 990

    Revenue
    $36,603,777
    Expenses
    $36,497,796
    Assets (EOY)
    $77,930,415
  • 2015 · 990

    Revenue
    $41,313,438
    Expenses
    $41,192,457
    Assets (EOY)
    $73,774,828
  • 2014 · 990

    Revenue
    $46,025,350
    Expenses
    $45,954,297
    Assets (EOY)
    $71,342,958

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.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

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.

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.