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EIN 20-5724955

Heart of Texas Electric Cooperative

IRS 501(c) type
501(c)(12)
Num. employees
70
City
MC Gregor
State
Texas
Year formed
2007
Most recent tax filings
2023-12-01
NTEE code, primary
W80: Public Utilities
Description
Heart of Texas Electric Cooperative is a non-profit organization located in Mc Gregor, TX that provides electricity on a cooperative basis to rural areas in Texas. At year-end it had 22,278 active services and allocated patronage capital to its members.
Total revenues
$73,385,808
2023
Total expenses
$73,759,784
2023
Total assets
$116,421,421
2023
Num. employees
70
2023

Program areas at Heart of Texas Electric Cooperative

To provide electricity to our members - 24,541 active services at year-end were provided electricity on a Cooperative basis and were allocated patronage capital.

Personnel at Heart of Texas Electric Cooperative

NameTitleCompensation
Brandon YoungGM and Chief Executive Officer$209,457
Bryan ChandlerOperations M$137,302
Ron PostonMember Servi / Member Services Manager$119,642
Jim BatesAdministration Services Manager$111,605
Barry BallardLead Lineman$121,657
...and 2 more key personnel

Financials for Heart of Texas Electric Cooperative

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$73,266,993
Investment income and dividends$75,952
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$146,036
Net gain from sale of non-inventory assets$-127,748
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$24,175
Miscellaneous revenues$400
Total revenues$73,385,808

Form 990s for Heart of Texas Electric Cooperative

Fiscal year endingDate received by IRSFormPDF link
2023-122024-10-09990View PDF
2022-122023-11-13990View PDF
2022-122023-11-09990View PDF
2021-122022-11-15990View PDF
2020-122021-11-01990View PDF
...and 11 more Form 990s

Organizations like Heart of Texas Electric Cooperative

OrganizationLocationRevenue
Southwest Mississippi Electric Power AssociationLorman, MS$63,057,088
United Electric CooperativeDu Bois, PA$34,454,895
Central Power Electric CooperativeMinot, ND$188,214,649
Great Lakes Energy CooperativeBoyne City, MI$262,446,486
Nebraska Electric Generation and Transmission CooperativeColumbus, NE$262,303,290
Green Power EMCTucker, GA$55,363,576
Magnolia Electric Power AssociationMccomb, MS$83,370,782
L&o Power CooperativeRock Rapids, IA$39,486,397
Polk-Burnett Electric CooperativeCenturia, WI$38,989,288
Chugach Electric AssociationAnchorage, AK$365,107,538
Data update history
January 18, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 10, 2024
Updated personnel
Identified 1 new personnel
December 28, 2023
Used new vendors
Identified 1 new vendor, including
July 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 27, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Public utilitiesPublic sector nonprofits
Issues
HealthDiseases and disorders
Characteristics
MembershipsState / local level
General information
Address
1111 S Johnson Dr
MC Gregor, TX 76657
Metro area
Waco, TX
County
McLennan County, TX
Website URL
hotec.coop/ 
Phone
(254) 840-2871
IRS details
EIN
20-5724955
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2007
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
Independent
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