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Nonprofit · EIN 37-0259803

EGYPTIAN ELECTRIC COOPERATIVE ASSOCIATION

Tax-exempt · MURPHYSBORO, IL 62966

Financials

$46.7M$45.3M2023$47.6M$48.2M2024
Revenue Expenses · by fiscal year end
Financials of EGYPTIAN ELECTRIC COOPERATIVE ASSOCIATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$47,587,414$48,193,994-$606,580$110,807,345$52,572,577$58,234,768
December 31, 2023990$46,695,240$45,310,686$1,384,554$109,048,722$52,533,619$56,515,103
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$46,225,323
Investment income
$59,707
Other revenue
$1,302,384

Expenses

Grants and similar amounts paid
$15,000
Benefits paid to members
$3,665,059
Compensation of officers, directors and key employees
$858,158
Other salaries and wages
$2,659,599
Salaries, compensation and benefits (total)
$6,051,175
Professional fundraising fees
$0
Legal fees
$35,853
Accounting fees
$15,310
Depreciation
$4,180,991

Balance sheet and other

Total assets, start of year
$109,048,722
Total assets, end of year
$110,807,345
Total liabilities, end of year
$52,572,577
Net assets, end of year
$58,234,768
Land, buildings and equipment
$71,098,481
Gross receipts
$47,587,414
Employees
44
Volunteers
0
Year formed
1938
State of legal domicile
IL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
Michael S HermetzExecutive Vice President/General Manager
Key employee
65$335,112$215,140
Brad AustinEngineering Manager
Highest-paid employee
50$157,894$128,030
Jeremy ThiesOperations Supervisor
Highest-paid employee
50$144,187$86,742
Cheryl BauersachsFinance Manager
Key employee
50$145,211$83,579
Brooke GuthmanMember Services Manager
Highest-paid employee
50$155,202$54,568
Andrew AhnerMaintenance Lineman
Highest-paid employee
47.13$149,799$56,899
Tyler AtchisonJourneyman Lineman
Highest-paid employee
46.34$146,320$38,522
Kevin LieferDirector
Trustee or director
3.31$6,900$7,992
Paul HicksDirector
Trustee or director
2.44$6,900$4,116
Kenneth JarrettDirector
Trustee or director
6.58$9,300$0
Steve PrestDirector
Trustee or director
5.83$8,700$0
Paul PyattDirector
Trustee or director
1.71$7,800$0
Randall CampbellDirector
Trustee or director
4.59$6,900$0
Kevin BameDirector
Trustee or director
3.25$6,600$0
Richard AsaturianDirector
Trustee or director
1.76$2,800$0
1 more people on this return
NameTitleHours / weekCompensation
Mary Jo HomanDirector
Trustee or director
2.15$2,000
990 for the year ended December 31, 2023: 16 people
NameTitleHours / weekCompensationOther / benefits
Michael S HermetzExecutive Vice President/General Manager
Key employee
65$288,653$200,550
Brad AustinEngineering Manager
Highest-paid employee
50$144,464$127,248
Jeremy ThiesOperations Supervisor
Highest-paid employee
50$141,799$97,673
Cheryl BauersachsFinance Manager
Key employee
50$111,511$80,850
Brooke GuthmanMember Services Manager
Highest-paid employee
50$137,092$50,536
Matt McElroyMaintenance Lineman
Highest-paid employee
45.71$134,960$44,492
Cody LeeLineman-Foreman
Highest-paid employee
44.68$136,584$41,704
Kevin LieferDirector
Trustee or director
2.71$6,000$14,625
Paul HicksDirector
Trustee or director
2.79$8,100$4,116
Steve PrestDirector
Trustee or director
7.68$11,700$0
Kenneth JarrettDirector
Trustee or director
7.12$10,200$0
Paul PyattDirector
Trustee or director
3.98$8,400$0
Randall CampbellDirector
Trustee or director
3.67$7,800$0
Kevin BameDirector
Trustee or director
2.87$5,400$0
Richard AsaturianDirector
Trustee or director
2.64$4,400$0
Mary Jo HomanDirector
Trustee or director
2.4$3,200$0

Address and contacts

Address (IRS master file)
1732 FINNEY RD, MURPHYSBORO, IL 62966-5252
Principal officer (990 for 2024)
Michael S Hermetz, 1732 Finney Rd, Murphysboro, IL 62966
Signed the 990
Shane Hermetz, EVP/General Manager
Phone
(800) 606-1505

Mission

To provide electric services to approximately 15,000 members/owners in a ten county area of Southern Illinois since its founding in 1938.

990 for the year ended December 31, 2024

Program accomplishments

  • Egyptian Electric Cooperative Association is an electric distribution cooperative whose primary mission is to provide reliable and cost effective electric service to approximately 15,000 member/owners in Southern Illinois. The revenue generated from the sale of electricity to its members is used primarily to purchase wholesale power from Southern Illinois Power Cooperative, a generation and transmission cooperative, and to provide the necessary distribution and general plant facilities to distribute that electricity to its members and maintain those facilities and service support systems.
    Expenses $44,528,935 · revenue $47,587,414

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
37-0259803
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1941
Accounting year ends
December
Files
Form 990 or 990-EZ

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$47,587,414$48,193,994$110,807,345IRS
990December 2023$46,695,240$45,310,686$109,048,722XML
990December 2022$44,358,904$46,053,901$107,457,170IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 37-0259803).

Questions about EGYPTIAN ELECTRIC COOPERATIVE ASSOCIATION

What is the EIN of EGYPTIAN ELECTRIC COOPERATIVE ASSOCIATION?
The employer identification number (EIN) of EGYPTIAN ELECTRIC COOPERATIVE ASSOCIATION is 37-0259803.
Is EGYPTIAN ELECTRIC COOPERATIVE ASSOCIATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1941.
Are donations to EGYPTIAN ELECTRIC COOPERATIVE ASSOCIATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does EGYPTIAN ELECTRIC COOPERATIVE ASSOCIATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of EGYPTIAN ELECTRIC COOPERATIVE ASSOCIATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did EGYPTIAN ELECTRIC COOPERATIVE ASSOCIATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of EGYPTIAN ELECTRIC COOPERATIVE ASSOCIATION?
The 990 for the year ended December 31, 2024 names Michael S Hermetz.
Who are the officers and directors of EGYPTIAN ELECTRIC COOPERATIVE ASSOCIATION?
The 990 for the year ended December 31, 2024 lists 16 people; 16 received compensation from the organization, the highest $335,112 (Michael S Hermetz, Executive Vice President/General Manager).
How much revenue does EGYPTIAN ELECTRIC COOPERATIVE ASSOCIATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $47,587,414, expenses of $48,193,994 and total assets of $110,807,345 at year end.

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