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  4. Karnes Electric Cooperative
EIN 74-0720615

Karnes Electric Cooperative

IRS 501(c) type
501(c)(12)
Num. employees
93
City
Karnes City
State
Texas
Year formed
1938
Most recent tax filings
2022-12-01
NTEE code, primary
W80: Public Utilities
Description
Karnes Electric Cooperative is a locally owned and operated electric distribution utility. To exceed our members’ expectations by providing safe, reliable, and affordable electric service.
Total revenues
$131,910,540
2022
Total expenses
$129,360,540
2022
Total assets
$218,729,307
2022
Num. employees
93
2022

Program areas at Karnes Electric Cooperative

Providing Electric power to our members at cost on a Cooperative basis through the allocation of patronage capital. There were 22,276 active services at year end.

Grants made by Karnes Electric Cooperative

GranteeGrant descriptionAmount
Karnes County Youth ShowDonation Towards New Barn.$10,000
Karnes City Volunteer Fire DepartmentMatching Donation With Cobank.$7,500

Personnel at Karnes Electric Cooperative

NameTitleCompensation
Eric HalfmannGeneral Manager
L. Scott McClaugherty IVDirector District 4
William WilsonIt Manager$136,190
Brad BierstedtPast General Manager
Bradley BierstedtPast Assistant To General Manager$244,895
...and 7 more key personnel

Financials for Karnes Electric Cooperative

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$130,245,697
Investment income and dividends$140,604
Tax-exempt bond proceeds$0
Royalty revenue$383,317
Net rental income$0
Net gain from sale of non-inventory assets$1,103,573
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$37,349
Total revenues$131,910,540

Form 990s for Karnes Electric Cooperative

Fiscal year endingDate received by IRSFormPDF link
2022-122023-10-30990View PDF
2021-122022-11-09990View PDF
2020-122021-11-15990View PDF
2019-122021-06-08990View PDF
2018-122020-01-10990View PDF
...and 9 more Form 990s

Organizations like Karnes Electric Cooperative

OrganizationLocationRevenue
Boone RemcLebanon in, IN$63,135,395
Kosciusko RemcWarsaw, IN$51,459,225
Mid-South SynergyNavasota, TX$151,349,587
Johnson County Rural Electric Membership Corporation (JCREMC)Franklin, IN$73,379,153
Wayne White Counties Electric Cooperative (WWCEC)Fairfield, IL$50,033,585
Choctawhatchee Electric Cooperative (CHELCO)Defuniak Springs, FL$140,151,380
Pee Dee Electric CooperativeDarlington, SC$97,590,031
Citizens Electric CorporationPerryville, MO$140,040,021
Powell Valley Electric CooperativeNew Tazewell, TN$78,219,772
4-County Electric Power AssociationColumbus, MS$141,381,532
Data update history
December 30, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 29, 2023
Updated personnel
Identified 2 new personnel
December 24, 2023
Used new vendors
Identified 1 new vendor, including
August 29, 2023
Updated personnel
Identified 1 new personnel
July 15, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Public utilitiesPublic sector nonprofits
Issues
No issues found
Characteristics
No characteristics found
General information
Address
PO Box 7
Karnes City, TX 78118
Metro area
San Antonio-New Braunfels, TX
County
Karnes County, TX
Website URL
karnesec.org/ 
Phone
(830) 780-3952
IRS details
EIN
74-0720615
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
Independent
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