Nonprofit · EIN 59-0395398
PEACE RIVER ELECTRIC COOPERATIVE INC
Tax-exempt · WAUCHULA, FL 33873
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $144,033,518 | $144,033,518 | $0 | $414,973,561 | $278,635,575 | $136,337,986 |
| December 31, 2023 | 990 | $139,560,560 | $139,560,560 | $0 | $370,420,180 | $248,908,952 | $121,511,228 |
| December 31, 2022 | 990 (amended) | $140,368,590 | $140,368,590 | $0 | $346,115,413 | $233,734,362 | $112,381,051 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $143,841,308
- Investment income
- $156,241
- Net rental income
- $35,969
- Net gain from sales of assets
- $33,968
- Other revenue
- $35,969
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $12,657,341
- Compensation of officers, directors and key employees
- $537,715
- Salaries, compensation and benefits (total)
- $1,691,184
- Professional fundraising fees
- $0
- Depreciation
- $11,844,685
Balance sheet and other
- Total assets, start of year
- $370,420,180
- Total assets, end of year
- $414,973,561
- Total liabilities, end of year
- $278,635,575
- Net assets, end of year
- $136,337,986
- Land, buildings and equipment
- $309,712,919
- Gross receipts
- $144,063,040
- Employees
- 147
- Volunteers
- 0
- Year formed
- 1940
- State of legal domicile
- FL
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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RANDALL W SHAW | GENERAL MANAGER/CEO Key employee | 45 | $410,115 | $35,063 |
| PAUL A ROBERTS | VP OF ENGINEERING Highest-paid employee | 55 | $231,409 | $30,723 |
| LOUISE F BLACKMAN | VP - MEMBER SERVICES Highest-paid employee | 45 | $239,399 | $20,269 |
| TERESA HAMILTON | VP ACCOUNTING & ADMINISTRATION Highest-paid employee | 55 | $208,420 | $28,837 |
| VAN CRAWFORD | VP OF OPERATIONS Highest-paid employee | 45 | $193,280 | $16,857 |
| JAMES FONES | VP OF MKTG & MBR SVC Highest-paid employee | 45 | $175,679 | $15,647 |
| ELLEN BACHMAN | ASST SECRETARY/TREAS Trustee or director, Officer | 3.85 | $17,000 | $0 |
| MARIE DASHER | DIRECTOR Trustee or director | 3.25 | $13,800 | $0 |
| LEONARD CRAWLEY | DIRECTOR Trustee or director | 3 | $6,400 | $6,577 |
| WILLIE DAWES | SECRETARY/TREASURER Trustee or director, Officer | 7 | $10,960 | $0 |
| HOLLIS ALBRITTON JR | PRESIDENT Trustee or director, Officer | 5 | $10,300 | $0 |
| CHRIS PORTALE | VICE PRESIDENT Trustee or director, Officer | 3 | $9,200 | $0 |
| BRUCE VICKERS | DIRECTOR Trustee or director | 6 | $9,100 | $0 |
| KENNETH ODEN | DIRECTOR Trustee or director | 2 | $6,300 | $0 |
| JOHN MARTIN | DIRECTOR Trustee or director | 4 | $2,900 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RANDALL W SHAW | GENERAL MANA Key employee | 50 | $376,984 | $133,295 |
| LOUISE F BLACKMAN | VP - MEMBER Highest-paid employee | 45 | $224,487 | $119,167 |
| PAUL A ROBERTS | VP OF ENGINE Highest-paid employee | 55 | $213,329 | $53,289 |
| VAN CRAWFORD | VP OF OPERAT Highest-paid employee | 50 | $183,811 | $69,679 |
| JAMES FONES | VP OF MKTG & Highest-paid employee | 45 | $155,568 | $65,458 |
| TANNER R SMITH | LINEMAN FIRS Highest-paid employee | 55 | $155,291 | $15,666 |
| ELLEN BACHMAN | DIRECTOR Trustee or director | 20 | $15,300 | $0 |
| MARIE DASHER | DIRECTOR Trustee or director | 7 | $13,700 | $0 |
| LEONARD CRAWLEY | DIRECTOR Trustee or director | 3 | $5,200 | $7,383 |
| BRUCE VICKERS | DIRECTOR Trustee or director | 4 | $10,000 | $0 |
| HOLLIS ALBRITTON JR | SECRETARY/TR Trustee or director, Officer | 10 | $9,700 | $0 |
| JOHN MARTIN | PRESIDENT Trustee or director, Officer | 4.5 | $7,700 | $0 |
| WILLIE DAWES | DIRECTOR Trustee or director | 6 | $7,200 | $0 |
| CHRIS PORTALE | ASST SECRETA Trustee or director, Officer | 3 | $7,200 | $0 |
| KENNETH ODEN | VICE PRESIDE Trustee or director, Officer | 2 | $5,600 | $0 |
990 for the year ended December 31, 2022: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RANDALL W SHAW | GENERAL MANA Key employee | 50 | $363,072 | $162,109 |
| LOUISE F BLACKMAN | VP - MEMBER Highest-paid employee | 45 | $217,286 | $145,969 |
| A TUCKER LEMLEY | VP FINANCE & Highest-paid employee | 45 | $210,744 | $64,864 |
| PAUL A ROBERTS | VP OF ENGINE Highest-paid employee | 55 | $203,953 | $69,622 |
| VAN CRAWFORD | VP OF OPERAT Highest-paid employee | 42 | $174,147 | $84,654 |
| CHARLOTTE HESTON | VP OF CORPOR Highest-paid employee | 41 | $149,992 | $12,876 |
| ELLEN BACHMAN | DIRECTOR Trustee or director | 6 | $16,500 | $0 |
| MARIE DASHER | DIRECTOR Trustee or director | 1.5 | $16,500 | $0 |
| LEONARD CRAWLEY | DIRECTOR Trustee or director | 1 | $11,449 | $0 |
| HOLLIS ALBRITTON JR | SECRETARY/TR Trustee or director, Officer | 5 | $10,100 | $0 |
| WILLIE DAWES | DIRECTOR Trustee or director | 4 | $9,300 | $0 |
| JOHN MARTIN | PRESIDENT Trustee or director, Officer | 5 | $9,200 | $0 |
| BRUCE VICKERS | DIRECTOR Trustee or director | 4 | $8,400 | $0 |
| CHRIS PORTALE | ASST SECRETA Trustee or director, Officer | 3 | $6,900 | $0 |
| KENNETH ODEN | VICE PRESIDE Trustee or director, Officer | 2 | $5,600 | $0 |
Address and contacts
- Address (IRS master file)
- 210 METHENY RD, WAUCHULA, FL 33873-8721
- In care of
- % PAUL ROBERTS
- Principal officer (990 for 2024)
- RANDALL W SHAW, PO BOX 1310, WAUCHULA, FL 33873
- Signed the 990
- RANDALL W SHAW, GENERAL MANAGER/CEO
- Phone
- (863) 773-4116
- Website
- WWW.PRECO.ORG
- Return prepared by
- PURVIS GRAY & COMPANY LLP
Mission
TO PROVIDE OUR MEMBERS RELIABLE ELECTRIC SERVICE AND EXCELLENT CUSTOMER SERVICE AT AFFORDABLE RATES.
Program accomplishments
- PROVIDING ELECTRIC ENERGY TO OUR MEMBERS. 68,359 ACTIVE SERVICES AT YEAR END WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL.
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 | Not 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
- 59-0395398
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1943
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $414,973,561
- Income (IRS master file)
- $144,063,040
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $144,033,518 | $144,033,518 | $414,973,561 | XML |
| 990 | December 2023 | $139,560,560 | $139,560,560 | $370,420,180 | IRS |
| 990 | December 2022 | $140,368,590 | $140,368,590 | $346,115,413 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 59-0395398).
Questions about PEACE RIVER ELECTRIC COOPERATIVE INC
- What is the EIN of PEACE RIVER ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of PEACE RIVER ELECTRIC COOPERATIVE INC is 59-0395398.
- Is PEACE RIVER ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1943.
- Are donations to PEACE RIVER ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PEACE RIVER ELECTRIC COOPERATIVE INC 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 PEACE RIVER ELECTRIC COOPERATIVE INC 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 PEACE RIVER ELECTRIC COOPERATIVE INC 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 PEACE RIVER ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 names RANDALL W SHAW.
- Who are the officers and directors of PEACE RIVER ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 lists 15 people; 15 received compensation from the organization, the highest $410,115 (RANDALL W SHAW, GENERAL MANAGER/CEO).
- How much revenue does PEACE RIVER ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $144,033,518, expenses of $144,033,518 and total assets of $414,973,561 at year end.
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