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Employer Identification Number 74-0720615

KARNES ELECTRIC COOPERATIVE, INC. is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:KARNES ELECTRIC COOPERATIVE, INC.
Employer identification number (EIN):74-0720615
EIN Issuing AuthorityPhiladelphia, PA
NAIC Classification:221100
401k Pension/Benefits registration KARNES ELECTRIC COOPERATIVE, INC. 401k plan information
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code
State of IncorporationTexas, TX

Organization Overview

Mission StatementTO PROVIDE ELECTRIC ENERGY TO RURAL AREAS AT COST ON A COOPERATIVE BASIS.
Number of Employees80
Number of Volunteers0
Year Formed1938

Organization Governance

Legal DomicileTX
Voting Members - Governing Body7
Voting Members - Independent7

Organization Financials

2022-12-31
Total unrelated business incomeUSD $ 130,245,697
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 101,665,758
Program Service Revenue from current yearUSD $ 130,245,697
Investment Income from prior yearUSD $ 94,628
Investment Income from current yearUSD $ 1,244,177
Other Revenue from prior yearUSD $ 131,389
Other Revenue from current yearUSD $ 420,666
Gross receipts from all sourcesUSD $ 132,755,909
Net assets / fund balances at end of fiscal yearUSD $ 169,282,212
Net assets / fund balances at beginning of fiscal yearUSD $ 160,952,517
Total liabilities at end of fiscal yearUSD $ 49,447,095
Total liabilities at beginning of fiscal yearUSD $ 42,017,883
Total assets at end of fiscal yearUSD $ 218,729,307
Total assets at beginning of fiscal yearUSD $ 202,970,400
Revenues less expenses for current yearUSD $ 2,550,000
Revenues less expenses for previous yearUSD $ 540,000
Total expenses for current yearUSD $ 129,360,540
Total expenses for previous yearUSD $ 101,351,775
Other expenses in current yearUSD $ 115,366,212
Other expenses in previous yearUSD $ 91,428,205
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 6,716,540
Employee salary and benefits paid in previous yearUSD $ 6,119,202
Benefits paid to or for members in current yearUSD $ 7,239,197
Benefits paid to or for members in previous yearUSD $ 3,748,162
Grants and similar amounts paid in current yearUSD $ 38,591
Grants and similar amounts paid in previous yearUSD $ 56,206
Total revenue in current fiscal yearUSD $ 131,910,540
Total revenue in previous fiscal yearUSD $ 101,891,775
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 37,349
2021-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 96,084,442
Program Service Revenue from current yearUSD $ 101,665,758
Investment Income from prior yearUSD $ 479,627
Investment Income from current yearUSD $ 94,628
Other Revenue from prior yearUSD $ 89,918
Other Revenue from current yearUSD $ 131,389
Gross receipts from all sourcesUSD $ 101,891,775
Net assets / fund balances at end of fiscal yearUSD $ 160,952,517
Net assets / fund balances at beginning of fiscal yearUSD $ 150,909,431
Total liabilities at end of fiscal yearUSD $ 42,017,883
Total liabilities at beginning of fiscal yearUSD $ 44,524,547
Total assets at end of fiscal yearUSD $ 202,970,400
Total assets at beginning of fiscal yearUSD $ 195,433,978
Revenues less expenses for current yearUSD $ 540,000
Revenues less expenses for previous yearUSD $ -270,000
Total expenses for current yearUSD $ 101,351,775
Total expenses for previous yearUSD $ 96,923,987
Other expenses in current yearUSD $ 91,428,205
Other expenses in previous yearUSD $ 79,756,785
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 6,119,202
Employee salary and benefits paid in previous yearUSD $ 5,720,001
Benefits paid to or for members in current yearUSD $ 3,748,162
Benefits paid to or for members in previous yearUSD $ 11,425,189
Grants and similar amounts paid in current yearUSD $ 56,206
Grants and similar amounts paid in previous yearUSD $ 22,012
Total revenue in current fiscal yearUSD $ 101,891,775
Total revenue in previous fiscal yearUSD $ 96,653,987
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 37,349
2020-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 102,239,538
Program Service Revenue from current yearUSD $ 96,084,442
Investment Income from prior yearUSD $ 929,324
Investment Income from current yearUSD $ 479,627
Other Revenue from prior yearUSD $ 154,668
Other Revenue from current yearUSD $ 89,918
Gross receipts from all sourcesUSD $ 96,653,987
Net assets / fund balances at end of fiscal yearUSD $ 150,909,431
Net assets / fund balances at beginning of fiscal yearUSD $ 143,513,108
Total liabilities at end of fiscal yearUSD $ 44,524,547
Total liabilities at beginning of fiscal yearUSD $ 49,847,715
Total assets at end of fiscal yearUSD $ 195,433,978
Total assets at beginning of fiscal yearUSD $ 193,360,823
Revenues less expenses for current yearUSD $ -270,000
Revenues less expenses for previous yearUSD $ 170,000
Total expenses for current yearUSD $ 96,923,987
Total expenses for previous yearUSD $ 103,153,530
Other expenses in current yearUSD $ 79,756,785
Other expenses in previous yearUSD $ 77,997,895
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 5,720,001
Employee salary and benefits paid in previous yearUSD $ 5,934,655
Benefits paid to or for members in current yearUSD $ 11,425,189
Benefits paid to or for members in previous yearUSD $ 19,161,431
Grants and similar amounts paid in current yearUSD $ 22,012
Grants and similar amounts paid in previous yearUSD $ 59,549
Total revenue in current fiscal yearUSD $ 96,653,987
Total revenue in previous fiscal yearUSD $ 103,323,530
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 41,211
2019-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 99,813,004
Program Service Revenue from current yearUSD $ 102,239,538
Investment Income from prior yearUSD $ 698,100
Investment Income from current yearUSD $ 929,324
Other Revenue from prior yearUSD $ 420,118
Other Revenue from current yearUSD $ 154,668
Gross receipts from all sourcesUSD $ 103,323,530
Net assets / fund balances at end of fiscal yearUSD $ 143,513,108
Net assets / fund balances at beginning of fiscal yearUSD $ 127,323,827
Total liabilities at end of fiscal yearUSD $ 49,847,715
Total liabilities at beginning of fiscal yearUSD $ 52,217,015
Total assets at end of fiscal yearUSD $ 193,360,823
Total assets at beginning of fiscal yearUSD $ 179,540,842
Revenues less expenses for current yearUSD $ 170,000
Revenues less expenses for previous yearUSD $ 356,000
Total expenses for current yearUSD $ 103,153,530
Total expenses for previous yearUSD $ 100,575,222
Other expenses in current yearUSD $ 77,997,895
Other expenses in previous yearUSD $ 76,681,589
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 5,934,655
Employee salary and benefits paid in previous yearUSD $ 5,722,260
Benefits paid to or for members in current yearUSD $ 19,161,431
Benefits paid to or for members in previous yearUSD $ 18,073,003
Grants and similar amounts paid in current yearUSD $ 59,549
Grants and similar amounts paid in previous yearUSD $ 98,370
Total revenue in current fiscal yearUSD $ 103,323,530
Total revenue in previous fiscal yearUSD $ 100,931,222
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 31,308
2018-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 90,128,641
Program Service Revenue from current yearUSD $ 99,813,004
Investment Income from prior yearUSD $ 518,959
Investment Income from current yearUSD $ 698,100
Other Revenue from prior yearUSD $ 54,757
Other Revenue from current yearUSD $ 420,118
Gross receipts from all sourcesUSD $ 100,931,222
Net assets / fund balances at end of fiscal yearUSD $ 127,323,827
Net assets / fund balances at beginning of fiscal yearUSD $ 104,350,825
Total liabilities at end of fiscal yearUSD $ 52,217,015
Total liabilities at beginning of fiscal yearUSD $ 51,522,391
Total assets at end of fiscal yearUSD $ 179,540,842
Total assets at beginning of fiscal yearUSD $ 155,873,216
Revenues less expenses for current yearUSD $ 356,000
Revenues less expenses for previous yearUSD $ -343,770
Total expenses for current yearUSD $ 100,575,222
Total expenses for previous yearUSD $ 91,046,127
Other expenses in current yearUSD $ 76,681,589
Other expenses in previous yearUSD $ 69,822,675
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 5,722,260
Employee salary and benefits paid in previous yearUSD $ 5,189,958
Benefits paid to or for members in current yearUSD $ 18,073,003
Benefits paid to or for members in previous yearUSD $ 16,004,020
Grants and similar amounts paid in current yearUSD $ 98,370
Grants and similar amounts paid in previous yearUSD $ 29,474
Total revenue in current fiscal yearUSD $ 100,931,222
Total revenue in previous fiscal yearUSD $ 90,702,357
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 38,309
2017-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 85,056,296
Program Service Revenue from current yearUSD $ 90,128,641
Investment Income from prior yearUSD $ 368,609
Investment Income from current yearUSD $ 518,959
Other Revenue from prior yearUSD $ 54,325
Other Revenue from current yearUSD $ 54,757
Gross receipts from all sourcesUSD $ 90,702,357
Net assets / fund balances at end of fiscal yearUSD $ 104,350,825
Net assets / fund balances at beginning of fiscal yearUSD $ 92,048,828
Total liabilities at end of fiscal yearUSD $ 51,522,391
Total liabilities at beginning of fiscal yearUSD $ 53,205,085
Total assets at end of fiscal yearUSD $ 155,873,216
Total assets at beginning of fiscal yearUSD $ 145,253,913
Revenues less expenses for current yearUSD $ -343,770
Revenues less expenses for previous yearUSD $ -198,949
Total expenses for current yearUSD $ 91,046,127
Total expenses for previous yearUSD $ 85,678,179
Other expenses in current yearUSD $ 69,822,675
Other expenses in previous yearUSD $ 64,379,935
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 5,189,958
Employee salary and benefits paid in previous yearUSD $ 4,842,733
Benefits paid to or for members in current yearUSD $ 16,004,020
Benefits paid to or for members in previous yearUSD $ 16,429,847
Grants and similar amounts paid in current yearUSD $ 29,474
Grants and similar amounts paid in previous yearUSD $ 25,664
Total revenue in current fiscal yearUSD $ 90,702,357
Total revenue in previous fiscal yearUSD $ 85,479,230
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 38,309
2016-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 76,876,063
Program Service Revenue from current yearUSD $ 85,056,296
Investment Income from prior yearUSD $ 207,283
Investment Income from current yearUSD $ 368,609
Other Revenue from prior yearUSD $ 205,671
Other Revenue from current yearUSD $ 54,325
Gross receipts from all sourcesUSD $ 85,479,230
Net assets / fund balances at end of fiscal yearUSD $ 92,048,828
Net assets / fund balances at beginning of fiscal yearUSD $ 79,241,661
Total liabilities at end of fiscal yearUSD $ 53,205,085
Total liabilities at beginning of fiscal yearUSD $ 56,622,355
Total assets at end of fiscal yearUSD $ 145,253,913
Total assets at beginning of fiscal yearUSD $ 135,864,016
Revenues less expenses for current yearUSD $ -198,949
Revenues less expenses for previous yearUSD $ -190,180
Total expenses for current yearUSD $ 85,678,179
Total expenses for previous yearUSD $ 77,479,197
Other expenses in current yearUSD $ 64,379,935
Other expenses in previous yearUSD $ 56,786,267
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 4,842,733
Employee salary and benefits paid in previous yearUSD $ 4,164,671
Benefits paid to or for members in current yearUSD $ 16,429,847
Benefits paid to or for members in previous yearUSD $ 16,501,225
Grants and similar amounts paid in current yearUSD $ 25,664
Grants and similar amounts paid in previous yearUSD $ 27,034
Total revenue in current fiscal yearUSD $ 85,479,230
Total revenue in previous fiscal yearUSD $ 77,289,017
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 0
Gross sales of inventory assetsUSD $ 1,177
Total of other revenueUSD $ 37,349
2015-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 71,560,625
Program Service Revenue from current yearUSD $ 76,876,063
Investment Income from prior yearUSD $ 191,698
Investment Income from current yearUSD $ 207,283
Other Revenue from prior yearUSD $ 36,130
Other Revenue from current yearUSD $ 205,671
Gross receipts from all sourcesUSD $ 77,289,017
Net assets / fund balances at end of fiscal yearUSD $ 79,241,661
Net assets / fund balances at beginning of fiscal yearUSD $ 63,502,668
Total liabilities at end of fiscal yearUSD $ 56,622,355
Total liabilities at beginning of fiscal yearUSD $ 61,229,666
Total assets at end of fiscal yearUSD $ 135,864,016
Total assets at beginning of fiscal yearUSD $ 124,732,334
Revenues less expenses for current yearUSD $ -190,180
Revenues less expenses for previous yearUSD $ -182,210
Total expenses for current yearUSD $ 77,479,197
Total expenses for previous yearUSD $ 71,970,663
Other expenses in current yearUSD $ 56,786,267
Other expenses in previous yearUSD $ 55,538,281
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 4,164,671
Employee salary and benefits paid in previous yearUSD $ 3,927,905
Benefits paid to or for members in current yearUSD $ 16,501,225
Benefits paid to or for members in previous yearUSD $ 12,477,458
Grants and similar amounts paid in current yearUSD $ 27,034
Grants and similar amounts paid in previous yearUSD $ 27,019
Total revenue in current fiscal yearUSD $ 77,289,017
Total revenue in previous fiscal yearUSD $ 71,788,453
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 0
Gross sales of inventory assetsUSD $ 68
Total of other revenueUSD $ 36,130
2014-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 50,687,602
Program Service Revenue from current yearUSD $ 71,560,625
Investment Income from prior yearUSD $ 180,062
Investment Income from current yearUSD $ 191,698
Other Revenue from prior yearUSD $ 36,400
Other Revenue from current yearUSD $ 36,130
Gross receipts from all sourcesUSD $ 71,788,453
Net assets / fund balances at end of fiscal yearUSD $ 63,502,668
Net assets / fund balances at beginning of fiscal yearUSD $ 52,170,622
Total liabilities at end of fiscal yearUSD $ 61,229,666
Total liabilities at beginning of fiscal yearUSD $ 63,002,924
Total assets at end of fiscal yearUSD $ 124,732,334
Total assets at beginning of fiscal yearUSD $ 115,173,546
Revenues less expenses for current yearUSD $ -182,210
Revenues less expenses for previous yearUSD $ -166,439
Total expenses for current yearUSD $ 71,970,663
Total expenses for previous yearUSD $ 51,070,503
Other expenses in current yearUSD $ 55,538,281
Other expenses in previous yearUSD $ 40,051,913
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 3,927,905
Employee salary and benefits paid in previous yearUSD $ 3,520,403
Benefits paid to or for members in current yearUSD $ 12,477,458
Benefits paid to or for members in previous yearUSD $ 7,480,802
Grants and similar amounts paid in current yearUSD $ 27,019
Grants and similar amounts paid in previous yearUSD $ 17,385
Total revenue in current fiscal yearUSD $ 71,788,453
Total revenue in previous fiscal yearUSD $ 50,904,064
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0

Other Company Names associated with EIN

KARNES ELECTRIC COOPERATIVE

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 740720615

USA Location Address
1007 NORTH HIGHWAY 123
KARNES CITY
TX
78118
Date first seen: 2009-01-01
Date last seen: 2024-08-31
USA Mailing Address
1007 NORTH HIGHWAY 123
KARNES CITY
TX
78118
Date first seen: 2009-01-01
Date last seen: 2024-08-31

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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