Nonprofit · EIN 54-0299805
MECKLENBURG ELECTRIC COOPERATIVE
Tax-exempt · CHASE CITY, VA 23924
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $274,431,136 | $258,282,281 | $16,148,855 | $345,121,189 | $227,787,595 | $117,333,594 |
| December 31, 2024 | 990 | $197,934,848 | $140,509,768 | $57,425,080 | $333,555,706 | $226,069,125 | $107,486,581 |
| December 31, 2023 | 990 | $114,290,002 | $106,224,449 | $8,065,553 | $322,325,863 | $226,207,714 | $96,118,149 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $267,721,822
- Investment income
- $1,549,723
- Net rental income
- $556,018
- Net gain from sales of assets
- $19,933
- Other revenue
- $5,159,591
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $6,313,251
- Compensation of officers, directors and key employees
- $1,195,812
- Other salaries and wages
- $10,016,165
- Salaries, compensation and benefits (total)
- $13,673,485
- Professional fundraising fees
- $0
- Legal fees
- $73,123
- Travel
- $206,316
- Depreciation
- $9,393,895
Balance sheet and other
- Total assets, start of year
- $333,555,706
- Total assets, end of year
- $345,121,189
- Total liabilities, end of year
- $227,787,595
- Net assets, end of year
- $117,333,594
- Land, buildings and equipment
- $224,237,482
- Gross unrelated business income
- $2,907,288
- Gross receipts
- $274,437,343
- Employees
- 124
- Year formed
- 1938
- State of legal domicile
- VA
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CARY J LOGAN | PRESIDENT AN Officer | 25 | $577,221 | $0 | $80,093 |
| JAMES P GUY II | LEGAL COUNSE Highest-paid employee | 55 | $311,910 | $0 | $90,045 |
| BENJAMIN J SEAMANS | VP ENGINEERI Highest-paid employee | 42.5 | $255,755 | $0 | $121,930 |
| DWAYNE LONG | VP INFORMATI Highest-paid employee | 25 | $235,622 | $0 | $73,424 |
| DAVID H LIPSCOMB | VP MEMBER AN Highest-paid employee | 23 | $232,056 | $0 | $32,021 |
| WILL GARNETT | ASSISTANT TR Officer | 34 | $180,463 | $0 | $12,883 |
| ROBERT H LANKFORD | DIRECTOR OF Highest-paid employee | 50 | $167,938 | $0 | $20,673 |
| CAROLYN T GLASS | ASSISTANT SE Officer | 40 | $95,597 | $0 | $67,454 |
| DAVID J JONES | CHAIRMAN Trustee or director, Officer | 12.98 | $23,200 | $4,800 | $0 |
| PEGGY LEE | DIRECTOR Trustee or director | 4.54 | $17,300 | $4,400 | $4,700 |
| ANGELA WILSON | DIRECTOR Trustee or director | 5.04 | $17,000 | $4,400 | $4,600 |
| FLETCHER B JONES | DIRECTOR Trustee or director | 8.94 | $18,575 | $5,100 | $1,825 |
| DONALD L MOORE | TREASURER-SE Trustee or director, Officer | 3.15 | $15,300 | $3,600 | $4,300 |
| FRANKLIN B MYERS | VICE-CHAIRMA Trustee or director, Officer | 8.21 | $18,000 | $4,800 | $0 |
| DAVID C HALL | DIRECTOR Trustee or director | 4.01 | $18,000 | $4,800 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| MICHAEL H MCDOWELL | DIRECTOR Trustee or director | 3.16 | $18,000 | $4,800 |
| JASON J HITE | DIRECTOR Trustee or director | 3.13 | $12,600 | $4,800 |
| BRANDON G HUDSON | DIRECTOR FOR Trustee or director | 1.5 | $8,700 | $2,400 |
990 for the year ended December 31, 2024: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN C LEE JR | FORMER CEO Officer | 25 | $766,671 | $0 | $16,153 |
| CARY J LOGAN | PRESIDENT AN Officer | 55 | $464,559 | $0 | $83,214 |
| JAMES P GUY II | LEGAL COUNSE Highest-paid employee | 55 | $266,951 | $0 | $84,780 |
| BENJAMIN J SEAMANS | VP ENGINEERI Highest-paid employee | 50 | $231,097 | $0 | $103,301 |
| DWAYNE LONG | VP INFORMATI Highest-paid employee | 50 | $212,490 | $0 | $61,673 |
| DAVID H LIPSCOMB | VP MEMBER AN Highest-paid employee | 47 | $217,617 | $0 | $29,711 |
| CAROL B JONES | ASSISTANT TR Officer | 50 | $212,124 | $0 | $18,994 |
| ROBERT H LANKFORD | DIRECTOR OF Highest-paid employee | 50 | $181,852 | $0 | $21,212 |
| CAROLYN T GLASS | ASSISTANT SE Officer | 40 | $90,249 | $0 | $54,759 |
| FRANKLIN B MYERS | VICE-CHAIRMA Trustee or director, Officer | 9.56 | $25,850 | $4,950 | $0 |
| FLETCHER B JONES | DIRECTOR Trustee or director | 7.91 | $16,500 | $4,688 | $5,500 |
| DAVID J JONES | CHAIRMAN Trustee or director, Officer | 14.31 | $20,000 | $4,850 | $0 |
| DAVID C HALL | DIRECTOR Trustee or director | 4.43 | $18,400 | $5,900 | $0 |
| PEGGY LEE | DIRECTOR Trustee or director | 3.95 | $14,700 | $4,163 | $4,900 |
| BRANDON G HUDSON | DIRECTOR Trustee or director | 2.95 | $18,400 | $4,850 | $0 |
| ANGELA WILSON | DIRECTOR Trustee or director | 3.86 | $14,100 | $3,863 | $4,700 |
| DONALD L MOORE | TREASURER-SE Trustee or director, Officer | 3.31 | $13,800 | $3,900 | $4,600 |
| MICHAEL H MCDOWELL | DIRECTOR Trustee or director | 3.05 | $16,800 | $4,850 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN C LEE JR | PRESIDENT AN Officer | 25 | $591,339 | $0 | $188,348 |
| JAMES P GUY II | LEGAL COUNSE Highest-paid employee | 55 | $239,385 | $0 | $73,237 |
| BENJAMIN J SEAMANS | VP ENGINEERI Highest-paid employee | 50 | $215,727 | $0 | $87,384 |
| CARY J LOGAN | COO Officer | 55 | $243,818 | $0 | $32,471 |
| DWAYNE LONG | VP INFORMATI Highest-paid employee | 50 | $213,061 | $0 | $52,066 |
| DAVID H LIPSCOMB | VP MEMBER AN Highest-paid employee | 47 | $213,497 | $0 | $25,091 |
| CAROL B JONES | VP FINANCE A Officer | 50 | $204,921 | $0 | $18,135 |
| ROBERT H LANKFORD | DIRECTOR OF Highest-paid employee | 50 | $182,596 | $0 | $17,885 |
| CAROLYN T GLASS | ASSISTANT SE Officer | 40 | $86,740 | $0 | $48,285 |
| FRANKLIN B MYERS | VICE-CHAIRMA Trustee or director, Officer | 7.4 | $25,300 | $4,950 | $0 |
| FLETCHER B JONES | DIRECTOR Trustee or director | 7.27 | $13,163 | $5,988 | $4,388 |
| ANGELA WILSON | DIRECTOR Trustee or director | 4.35 | $13,538 | $5,238 | $4,488 |
| PEGGY LEE | DIRECTOR Trustee or director | 4.33 | $12,223 | $5,638 | $4,313 |
| DAVID J JONES | CHAIRMAN Trustee or director, Officer | 16.04 | $17,250 | $4,850 | $0 |
| DAVID C HALL | DIRECTOR Trustee or director | 4.19 | $16,150 | $5,900 | $0 |
| DONALD L MOORE | TREASURER-SE Trustee or director, Officer | 3.62 | $12,350 | $5,288 | $4,038 |
| BRANDON G HUDSON | DIRECTOR Trustee or director | 2.8 | $16,500 | $4,850 | $0 |
| MICHAEL H MCDOWELL | DIRECTOR Trustee or director | 2.99 | $15,275 | $4,850 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2451, CHASE CITY, VA 23924-2451
- Principal officer (990 for 2025)
- CARY J LOGAN, PO BOX 2451, CHASE CITY, VA 23924
- Signed the 990
- CARY J LOGAN, PRESIDENT AND CEO
- Phone
- (434) 372-6100
- Website
- WWW.MECKELEC.ORG
- Return prepared by
- ADAMS JENKINS & CHEATHAM
Mission
TO PROVIDE SERVICES AND CREATE OPPORTUNITIES TO ENHANCE THE QUALITY OF LIFE
Program accomplishments
- SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF THE COOPERATIVE. THE THREE LARGEST PROGRAM SERVICES AS MEASURED BY EXPENSES WERE AS FOLLOWS: COST OF POWER 216,546,667 OTHER SALARIES AND WAGES 10,016,165 DEPRECIATION AND AMORTIZATION 9,393,895
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 54-0299805
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1940
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $345,121,189
- Income (IRS master file)
- $274,437,343
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $274,431,136 | $258,282,281 | $345,121,189 | XML |
| 990 | December 2024 | $197,934,848 | $140,509,768 | $333,555,706 | XML |
| 990 | December 2023 | $114,290,002 | $106,224,449 | $322,325,863 | XML |
| 990 | December 2022 | $100,631,363 | $92,927,030 | $248,790,534 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 54-0299805).
Questions about MECKLENBURG ELECTRIC COOPERATIVE
- What is the EIN of MECKLENBURG ELECTRIC COOPERATIVE?
- The employer identification number (EIN) of MECKLENBURG ELECTRIC COOPERATIVE is 54-0299805.
- Is MECKLENBURG ELECTRIC COOPERATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1940.
- Are donations to MECKLENBURG ELECTRIC COOPERATIVE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MECKLENBURG ELECTRIC COOPERATIVE 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 MECKLENBURG ELECTRIC COOPERATIVE due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MECKLENBURG ELECTRIC COOPERATIVE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MECKLENBURG ELECTRIC COOPERATIVE?
- The 990 for the year ended December 31, 2025 names CARY J LOGAN.
- Who are the officers and directors of MECKLENBURG ELECTRIC COOPERATIVE?
- The 990 for the year ended December 31, 2025 lists 18 people; 18 received compensation from the organization, the highest $577,221 (CARY J LOGAN, PRESIDENT AN).
- How much revenue does MECKLENBURG ELECTRIC COOPERATIVE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $274,431,136, expenses of $258,282,281 and total assets of $345,121,189 at year end.
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