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Nonprofit · EIN 61-0189417

FARMERS RURAL ELECTRIC COOPERATIVE CORPORATION

Tax-exempt · GLASGOW, KY 42142

Financials

$61.7M$61.7M2023$65.8M$65.8M2024$69.9M$69.9M2025
Revenue Expenses · by fiscal year end
Financials of FARMERS RURAL ELECTRIC COOPERATIVE CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$69,924,869$69,924,869$0$140,328,216$81,526,920$58,801,296
December 31, 2024990$65,789,619$65,789,619$0$136,750,515$80,716,960$56,033,555
December 31, 2023990$61,713,920$61,713,920$0$132,886,341$78,563,449$54,322,892
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$67,872,942
Investment income
-$4,531
Net rental income
$25,749
Other revenue
$2,056,458

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$2,800,139
Compensation of officers, directors and key employees
$328,659
Other salaries and wages
$3,105,585
Salaries, compensation and benefits (total)
$5,880,493
Professional fundraising fees
$0
Legal fees
$59,310
Accounting fees
$24,600
Depreciation
$4,184,912
Program services (functional)
$69,924,869

Balance sheet and other

Total assets, start of year
$136,750,515
Total assets, end of year
$140,328,216
Total liabilities, end of year
$81,526,920
Net assets, end of year
$58,801,296
Land, buildings and equipment
$91,674,962
Gross unrelated business income
$5,107,577
Gross receipts
$69,924,869
Employees
70
Volunteers
0
Year formed
1938
State of legal domicile
KY

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.

NameTitleHours / weekCompensationOther / benefits
TOBIAS MOSSPRESIDENT & CEO
Key employee
45$230,209$77,257
CHUCK BISHOPVICE PRESIDENT, ENGINEERIN
Highest-paid employee
45$141,376$65,779
SCOTT LESTERVICE PRESIDENT, OPERATIONS
Highest-paid employee
45$141,930$64,589
STEVE MORRISONFEPP PLANT MANAGER
Highest-paid employee
45$126,508$64,502
JENNIE PHELPSVICE PRESIDENT, FINANCE &
Highest-paid employee
45$140,939$43,720
JASON RIGGSVICE PRESIDENT, TECHNOLOGY
Highest-paid employee
45$120,645$46,132
COREY JACKSONVICE PRESIDENT, MEMBER & C
Highest-paid employee
45$129,196$36,119
RANDY LONDONCHAIRMAN
Trustee or director, Officer
3$17,950$0
RANDY SEXTONDIRECTOR
Trustee or director
4$14,950$0
CORNELIUS FAULKNERVICE CHAIRMAN
Trustee or director, Officer
5$14,200$0
PAUL HAWKINSSECRETART TREASURER
Trustee or director, Officer
5$14,050$0
BRANDI WILLIAMSDIRECTOR
Trustee or director
2$13,900$0
RONNIE SMITHDIRECTOR-RETIRED
Trustee or director
3$13,600$0
CF MARTIN JRDIRECTOR-RETIRED
Trustee or director
2$8,600$0
DANIEL REYNOLDSDIRECTOR
Trustee or director
2$1,200$0
990 for the year ended December 31, 2024: 14 people
NameTitleHours / weekCompensationOther / benefits
TOBIAS MOSSPRESIDENT & CEO
Key employee
45$220,327$75,026
SCOTT LESTERVICE PRESIDENT, OPERATIONS
Highest-paid employee
45$138,191$54,978
CHUCK BISHOPVICE PRESIDENT, ENGINEERIN
Highest-paid employee
45$136,892$53,898
STEVE MORRISONFEPP PLANT MANAGER
Highest-paid employee
45$124,172$56,106
JENNIE PHELPSVICE PRESIDENT, FINANCE &
Highest-paid employee
45$135,755$36,944
JASON RIGGSVICE PRESIDENT, TECHNOLOGY
Highest-paid employee
45$118,281$40,616
COREY JACKSONVICE PRESIDENT, MEMBER & C
Highest-paid employee
45$121,563$35,113
RANDY LONDONCHAIRMAN
Trustee or director, Officer
4$17,650$0
BRANDI WILLIAMSSECRETARY TREASURER
Trustee or director, Officer
3$16,750$0
CORNELIUS FAULKNERVICE CHAIRMAN
Trustee or director, Officer
5$15,850$0
RONNIE SMITHDIRECTOR
Trustee or director
4$15,400$0
PAUL HAWKINSDIRECTOR
Trustee or director
4$14,350$0
RANDY SEXTONDIRECTOR
Trustee or director
4$14,050$0
CF MARTIN JRDIRECTOR
Trustee or director
3$13,750$0
990 for the year ended December 31, 2023: 15 people
NameTitleHours / weekCompensationOther / benefits
TOBIAS MOSSPRESIDENT & CEO
Key employee
45$201,221$67,311
SCOTT LESTERVICE PRESIDENT, OPERATIONS
Highest-paid employee
45$134,212$52,175
CHUCK BISHOPVICE PRESIDENT, ENGINEERIN
Highest-paid employee
45$134,209$51,354
STEVE MORRISONFEPP PLANT MANAGER
Highest-paid employee
45$117,133$58,191
JENNIE PHELPSVICE PRESIDENT, FINANCE &
Highest-paid employee
45$124,804$34,510
JASON RIGGSVICE PRESIDENT, TECHNOLOGY
Highest-paid employee
45$113,498$43,494
COREY JACKSONVICE PRESIDENT, MEMBER & C
Highest-paid employee
45$114,922$34,434
WILLIAM PRATHERFORMER PRESIDENT & CEO
Former
0$115,300$0
PAUL HAWKINSDIRECTOR
Trustee or director
5$16,300$0
RONNIE SMITHCHAIRMAN
Trustee or director, Officer
6$16,300$0
CORNELIUS FAULKNERDIRECTOR
Trustee or director
6$16,000$0
BRANDI WILLIAMSSECRETARY TREASURER
Trustee or director, Officer
3$16,000$0
RANDY LONDONVICE CHAIRMAN
Trustee or director, Officer
4$15,700$0
RANDY SEXTONDIRECTOR
Trustee or director
4$13,600$0
CF MARTIN JRDIRECTOR
Trustee or director
3$13,330$0

Address and contacts

Address (IRS master file)
PO BOX 1298, GLASGOW, KY 42142-1298
Principal officer (990 for 2025)
TOBIAS B MOSS, 504 SOUTH BROADWAY, GLASGOW, KY 42141
Signed the 990
TOBIAS B MOSS, PRESIDENT & CEO
Phone
(270) 651-2191
Return prepared by
CAMPBELL MYERS & RUTLEDGE PLLC

Mission

FARMERS RECC'S MISSION IS TO PROVIDE RELIABLE AND COMPETITIVELY PRICED ENERGY SERVICES THAT WILL ENHANCE THE QUALITY OF LIFE FOR OUR MEMBER-OWNERS AND COMMMUNITIES.

990 for the year ended December 31, 2025

Program accomplishments

  • AS OF DECEMBER 31, 2025, THE COOPERATIVE DISTRIBUTED ELECTRICITY TO 26,901 CUSTOMERS.
    Expenses $69,924,869

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, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
61-0189417
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)
$140,328,216
Income (IRS master file)
$69,924,869

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$69,924,869$69,924,869$140,328,216IRS
990December 2024$65,789,619$65,789,619$136,750,515IRS
990December 2023$61,713,920$61,713,920$132,886,341XML
990December 2022$67,395,267$67,395,267$129,515,239IRS
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 61-0189417).

Questions about FARMERS RURAL ELECTRIC COOPERATIVE CORPORATION

What is the EIN of FARMERS RURAL ELECTRIC COOPERATIVE CORPORATION?
The employer identification number (EIN) of FARMERS RURAL ELECTRIC COOPERATIVE CORPORATION is 61-0189417.
Is FARMERS RURAL ELECTRIC COOPERATIVE CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1940.
Are donations to FARMERS RURAL ELECTRIC COOPERATIVE CORPORATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does FARMERS RURAL ELECTRIC COOPERATIVE CORPORATION 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 FARMERS RURAL ELECTRIC COOPERATIVE CORPORATION 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 FARMERS RURAL ELECTRIC COOPERATIVE CORPORATION 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 FARMERS RURAL ELECTRIC COOPERATIVE CORPORATION?
The 990 for the year ended December 31, 2025 names TOBIAS B MOSS.
Who are the officers and directors of FARMERS RURAL ELECTRIC COOPERATIVE CORPORATION?
The 990 for the year ended December 31, 2025 lists 15 people; 15 received compensation from the organization, the highest $230,209 (TOBIAS MOSS, PRESIDENT & CEO).
How much revenue does FARMERS RURAL ELECTRIC COOPERATIVE CORPORATION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $69,924,869, expenses of $69,924,869 and total assets of $140,328,216 at year end.

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