Nonprofit · EIN 61-0299615
OWEN ELECTRIC COOPERATIVE INC
Tax-exempt · OWENTON, KY 40359
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $261,023,968 | $261,023,968 | $0 | $326,267,475 | $141,298,162 | $184,969,313 |
| December 31, 2024 | 990 | $246,541,238 | $246,541,238 | $0 | $319,181,309 | $143,039,185 | $176,142,124 |
| December 31, 2023 | 990 | $237,766,185 | $237,766,185 | $0 | $316,615,301 | $148,181,810 | $168,433,491 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $252,106,861
- Investment income
- $963,877
- Other revenue
- $7,953,230
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $11,918,560
- Compensation of officers, directors and key employees
- $2,878,253
- Other salaries and wages
- $5,124,503
- Salaries, compensation and benefits (total)
- $11,365,463
- Professional fundraising fees
- $0
- Legal fees
- $63,670
- Accounting fees
- $41,335
- Depreciation
- $12,941,375
Balance sheet and other
- Total assets, start of year
- $319,181,309
- Total assets, end of year
- $326,267,475
- Total liabilities, end of year
- $141,298,162
- Net assets, end of year
- $184,969,313
- Land, buildings and equipment
- $174,545,865
- Gross receipts
- $261,023,968
- Employees
- 119
- Volunteers
- 0
- Year formed
- 1937
- 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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Michael L Cobb | President and CEO Officer | 60 | $394,590 | $104,657 |
| Andrew Long | VP of Engineering Key employee | 50 | $177,373 | $82,124 |
| Michael Stafford | VP of Member Services Key employee | 50 | $170,028 | $81,384 |
| Jim Petreshock | VP of Information Systems Key employee | 50 | $168,459 | $81,703 |
| Erin Rehkamp | VP of Corporate Services Key employee | 50 | $179,741 | $61,458 |
| Joseph Waichulis | Service Technician Highest-paid employee | 62 | $180,361 | $58,357 |
| Brian Jones | VP of Operations Key employee | 50 | $180,965 | $28,511 |
| Steven Moore | Service Technician Highest-paid employee | 56 | $156,211 | $51,175 |
| James McCane | System Operator Highest-paid employee | 51 | $146,134 | $50,977 |
| Albert Pickett | Service Technician Highest-paid employee | 54 | $149,932 | $40,073 |
| Joe Schmiade | Service Technician Highest-paid employee | 53 | $145,341 | $18,893 |
| Richard Messingschlager | Director Trustee or director | 8 | $28,016 | $0 |
| Charles Richarson | Secretary-Treasurer Trustee or director | 5 | $27,355 | $0 |
| Hope Kinman | Director Trustee or director | 4 | $22,119 | $0 |
| Robert True | Director Trustee or director | 3 | $20,519 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Charles Alan Ahrman | Chairman Trustee or director | 7 | $20,310 |
| Eddie McCord | Vice Chairman Trustee or director | 3 | $19,516 |
| Jim Henning | Director Trustee or director | 9 | $18,468 |
| John Grant | Director Trustee or director, Former | 6 | $13,505 |
990 for the year ended December 31, 2024: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Michael L Cobb | President and CEO Officer | 60 | $364,392 | $105,497 |
| Michael Stafford | VP of Member Services Key employee | 50 | $161,115 | $75,868 |
| Jim Petreshock | VP of Information Systems Key employee | 50 | $161,381 | $75,421 |
| Joseph Waichulis | Service Technician Highest-paid employee | 60 | $158,058 | $54,687 |
| Jennifer Taylor | VP of Engineering Key employee | 50 | $155,321 | $55,863 |
| Andrew Long | VP of Engineering Key employee | 50 | $139,290 | $62,096 |
| Steven Moore | Service Technician Highest-paid employee | 57 | $151,165 | $48,227 |
| Brian Jones | VP of Operations Key employee | 50 | $166,978 | $25,810 |
| Albert Pickett | Service Technician Highest-paid employee | 58 | $153,038 | $38,535 |
| Jerod Mulberry | Service Technician Highest-paid employee | 55 | $145,111 | $46,066 |
| Joe Schmiade | Service Technician Highest-paid employee | 57 | $149,791 | $17,091 |
| Erin Rehkamp | VP of Corporate Services Key employee | 50 | $136,990 | $9,013 |
| John Grant | Director Trustee or director | 7 | $26,775 | $0 |
| Charles Richarson | Secretary-Treasurer Trustee or director | 6 | $26,679 | $0 |
| Richard Messingschlager | Director Trustee or director | 7 | $24,906 | $0 |
| Robert True | Director Trustee or director | 3 | $20,235 | $0 |
| Hope Kinman | Director Trustee or director | 4 | $19,674 | $0 |
| Eddie McCord | Vice Chairman Trustee or director | 3 | $19,661 | $0 |
| Charles Alan Ahrman | Chairman Trustee or director | 6 | $19,200 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Michael L Cobb | President and CEO Officer | 60 | $320,451 | $88,797 |
| Teresa Hamilton | VP of Accounting Former | 50 | $199,765 | $66,930 |
| Jennifer Taylor | VP of Engineering Key employee | 50 | $179,479 | $71,479 |
| Michael Stafford | VP of Member Services Key employee | 50 | $152,737 | $72,084 |
| Jim Petreshock | VP of Information Systems Key employee | 50 | $152,386 | $71,685 |
| Brian Jones | VP of Operations Key employee | 50 | $167,220 | $27,524 |
| Steven Moore | Service Technician Highest-paid employee | 55 | $139,251 | $46,642 |
| Jerod Mulberry | Service Technician Highest-paid employee | 53 | $133,149 | $44,010 |
| Albert Pickett | Service Technician Highest-paid employee | 54 | $137,199 | $35,536 |
| Joe Schmiade | Service Technician Highest-paid employee | 56 | $145,805 | $18,084 |
| Larry Richardson | Service Technician Highest-paid employee | 54 | $142,392 | $8,852 |
| Richard Messingschlager | Vice Chairman of the Board Trustee or director | 9 | $30,923 | $0 |
| John Grant | Chairman of the Board Trustee or director | 8 | $27,950 | $0 |
| Charles Richarson | Director Trustee or director | 6 | $24,999 | $0 |
| Eddie McCord | Director Trustee or director | 4 | $22,211 | $0 |
| Hope Kinman | Secretary/Treasurer Trustee or director | 5 | $21,659 | $0 |
| Charles Alan Ahrman | Director Trustee or director | 7 | $20,773 | $0 |
| Erin Rehkamp | VP of Corporate Services Key employee | 50 | $20,336 | $89 |
| Robert True | Director Trustee or director | 3 | $19,365 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 400, OWENTON, KY 40359-0400
- Principal officer (990 for 2025)
- Michael L Cobb, 8205 Hwy 127N, PO Box 400, Owenton, KY 40359
- Signed the 990
- Michael Cobb, President and CEO
- Phone
- (502) 484-3471
- Website
- www.owenelectric.com
Mission
Provide electric service to members on a patronage basis. Serve approximately 66,000 member accounts. Improve our member's lives by providing safe, reliable, and affordable electric service.
Program accomplishments
- Not Applicable
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
- 61-0299615
- 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)
- $326,267,475
- Income (IRS master file)
- $261,023,968
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $261,023,968 | $261,023,968 | $326,267,475 | IRS |
| 990 | December 2024 | $246,541,238 | $246,541,238 | $319,181,309 | IRS |
| 990 | December 2023 | $237,766,185 | $237,766,185 | $316,615,301 | XML |
| 990 | December 2022 | $232,534,469 | $232,534,469 | $308,543,726 | 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 61-0299615).
Questions about OWEN ELECTRIC COOPERATIVE INC
- What is the EIN of OWEN ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of OWEN ELECTRIC COOPERATIVE INC is 61-0299615.
- Is OWEN ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1943.
- Are donations to OWEN ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does OWEN 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 OWEN ELECTRIC COOPERATIVE INC 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 OWEN ELECTRIC COOPERATIVE INC 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 OWEN ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 names Michael L Cobb.
- Who are the officers and directors of OWEN ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 lists 19 people; 19 received compensation from the organization, the highest $394,590 (Michael L Cobb, President and CEO).
- How much revenue does OWEN ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $261,023,968, expenses of $261,023,968 and total assets of $326,267,475 at year end.
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