EIN 75-0233075

Coserv Electric

IRS 501(c) type
501(c)(12)
Num. employees
466
State
Year formed
1938
Most recent tax filings
2022-12-01
NTEE code, primary
Description
Coserv Electric provides electric power to its members at cost on a cooperative basis and delivers excellent service by providing safe and reliable energy solutions. Its sales of electricity and related services to members are provided through the allocation of patronage capital. The cooperative has 280,324 active member services at year end.
Also known as...
Denton County Electric Cooperative
Total revenues
$826,144,853
2022
Total expenses
$824,911,246
2022
Total assets
$2,042,962,594
2022
Num. employees
466
2022

Program areas at Coserv Electric

Sales of electricity and related services to members were provided at cost on a Cooperative basis through the allocation of patronage capital. The Cooperative provided electricity to 294,353 active member services at year end.

Grants made by Coserv Electric

GranteeGrant descriptionAmount
Coserv Charitable FoundationTo Support the Foundation's Operations.$45,672

Personnel at Coserv Electric

NameTitleCompensation
Donald ClaryPresident and Chief Executive Officer$926,842
Brent bishopSenior Vice President and Chief Financial Officer$344,895
Philip HassellVice President - Field Operations / Operations Superintendent$278,087
Jeffrey McNealSenior Vice President - Information Technology / Senior Director of Information Security / Senior Director of Info Security Services$339,704
Greg WardSenior Vice President - Business Development and Strategy / Senior Vice President - Field Operations / Senior Director of Operations$339,037
...and 18 more key personnel

Financials for Coserv Electric

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$823,330,632
Investment income and dividends$688,377
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$1,367,125
Net gain from sale of non-inventory assets$241,613
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$517,106
Total revenues$826,144,853

Form 990s for Coserv Electric

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2018-122020-02-18990View PDF
2017-122019-03-15990View PDF
...and 8 more Form 990s
Data update history
April 8, 2024
Used new vendors
Identified 1 new vendor, including
January 19, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 17, 2024
Updated personnel
Identified 2 new personnel
January 11, 2024
Updated personnel
Identified 1 new personnel
December 28, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Public utilitiesPublic sector nonprofitsHeadquarter / parent organizations
Issues
No issues found
Characteristics
State / local levelReceives government funding
General information
Address
7701 S Stemmons Freeway
Corinth, TX 76210
Metro area
Dallas-Fort Worth-Arlington, TX
County
Denton County, TX
Website URL
coserv.com/ 
Phone
(940) 321-7800
IRS details
EIN
75-0233075
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1938
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W80: Public Utilities
NAICS code, primary
2211: Electric Power Generation, Transmission, and Distribution Establishments
Parent/child status
Central organization
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