EIN 75-0233075

Coserv Electric

IRS 501(c) type
501(c)(12)
Num. employees
517
State
Year formed
1938
Most recent tax filings
2023-12-01
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
$780,794,954
2023
Total expenses
$778,995,977
2023
Total assets
$2,107,533,496
2023
Num. employees
517
2023

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 308,874 active member services at year end.

Grants made by Coserv Electric

GranteeGrant descriptionAmount
Coserv Charitable FoundationTo Support the Foundation's Operations.$54,338

Personnel at Coserv Electric

NameTitleCompensation
Donald ClaryPresident and Chief Executive Officer$1,359,899
Brent bishopSenior Vice President and Chief Financial Officer$371,558
Philip HassellSenior Vice President - Field Operations / Vice President - Field Operations / Operations Superintendent$315,256
Jeffrey McNealSenior Vice President - Information Technology / Senior Director of Information Security / Senior Director of Info Security Services$350,210
Robby HamlinSenior Vice President - Engineering Services / Senior Director of Engineering$214,361
...and 10 more key personnel

Financials for Coserv Electric

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$776,656,057
Investment income and dividends$1,711,012
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$1,352,989
Net gain from sale of non-inventory assets$566,868
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$508,028
Total revenues$780,794,954

Form 990s for Coserv Electric

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-15990View PDF
2022-122023-11-14990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2018-122020-02-18990View PDF
...and 9 more Form 990s
Data update history
January 9, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 6, 2025
Updated personnel
Identified 2 new personnel
January 3, 2025
Used new vendors
Identified 1 new vendor, including
November 6, 2024
Updated personnel
Identified 2 new personnel
April 8, 2024
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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