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Nonprofit · EIN 61-0344362

SOUTH KENTUCKY RURAL ELECTRIC COOPERATIVE CORP

Tax-exempt · SOMERSET, KY 42502

Financials

$153.5M$153.5M2023$156.5M$156.5M2024$171.8M$171.8M2025
Revenue Expenses · by fiscal year end
Financials of SOUTH KENTUCKY RURAL ELECTRIC COOPERATIVE CORP by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$171,849,046$171,849,046$0$395,788,943$222,783,447$173,005,496
December 31, 2024990$156,547,918$156,547,918$0$355,064,058$187,863,131$167,200,927
December 31, 2023990$153,526,188$153,526,188$0$351,424,686$182,353,788$169,070,898
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$163,770,372
Investment income
$891,001
Net rental income
$10,580
Other revenue
$7,187,673

Expenses

Grants and similar amounts paid
$6,000
Benefits paid to members
$6,583,417
Compensation of officers, directors and key employees
$656,027
Other salaries and wages
$13,362,215
Salaries, compensation and benefits (total)
$19,707,027
Professional fundraising fees
$0
Legal fees
$122,971
Accounting fees
$70,467
Depreciation
$11,184,531

Balance sheet and other

Total assets, start of year
$355,064,058
Total assets, end of year
$395,788,943
Total liabilities, end of year
$222,783,447
Net assets, end of year
$173,005,496
Land, buildings and equipment
$218,966,816
Gross receipts
$171,849,666
Employees
146
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
JOHN NEWTONPRESIDENT & CEO
Officer
45$336,860$21,634
CARRIE BESSINGERCFO
Officer
45$182,749$77,805
DAKOTA BROWNDIRECTOR OF ENGINEERING
Highest-paid employee
45$184,131$73,280
JACK WILLISCONSTRUCTION CREW FOREMAN
Highest-paid employee
70$207,956$34,549
DEREK MAURATHCONSTRUCTION CREW FOREMAN
Highest-paid employee
66$188,769$49,864
DOUGLAS HUTTONDIRECTOR OF MEMBER SERVICES
Highest-paid employee
45$157,324$66,014
DYLAN HATCHERCONSTRUCTION CREW FOREMAN
Highest-paid employee
57$162,113$48,064
WILLIAM ALLEN JRTREASURER
Trustee or director, Officer
7.42$21,450$1,335
CATHY EPPERSONDIRECTOR
Trustee or director
4.69$20,400$1,142
JAMES BRENT TACKETTCHAIRPERSON
Trustee or director, Officer
3.9$19,650$664
BORIS HAYNESVICE CHAIRPERSON
Trustee or director, Officer
4.64$18,650$876
GREGORY REDMONDIRECTOR
Trustee or director
7.86$16,550$1,200
THOMAS M NELSON JRDIRECTOR
Trustee or director
5.53$16,200$1,273
CHARLES HANSFORDDIRECTOR
Trustee or director
2.1$16,550$479
990 for the year ended December 31, 2024: 16 people
NameTitleHours / weekCompensationOther / benefits
JOHN NEWTONPRESIDENT & CEO
Officer
40$303,903$84,303
DAKOTA BROWNDIRECTOR OF ENGINEERING
Highest-paid employee
40$153,449$63,167
JACK WILLISCONSTRUCTION CREW FOREMAN
Highest-paid employee
40$180,097$34,091
DOUGLAS HUTTONCHIEF MEMBERSHIP OFFICER
Officer
40$141,530$62,245
MARK GOSSCHIEF LEGAL OFFICER
Officer
40$191,072$7,162
RICKY FLETCHERREGIONAL CONSTRUCTION MANAGER
Highest-paid employee
40$146,396$47,717
MARK WILSONCONSTRUCTION MANAGER
Highest-paid employee
40$146,379$45,671
DAVID UPCHURCH JRDIRECTOR OF OPERATIONS
Highest-paid employee
40$151,054$22,169
CARRIE BESSINGERCFO
Officer
40$103,288$39,038
CATHY EPPERSONCHAIRPERSON
Trustee or director, Officer
6.14$20,850$9,520
BORIS HAYNESSEC/TREASURER
Trustee or director, Officer
6.57$20,050$7,981
JAMES BRENT TACKETTVICE CHAIRPERSON
Trustee or director, Officer
3.95$19,200$7,273
CHARLES HANSFORDDIRECTOR
Trustee or director
2.64$19,700$5,962
WILLIAM ALLEN JRDIRECTOR
Trustee or director
4.82$9,850$10,279
THOMAS M NELSON JRDIRECTOR
Trustee or director
5.26$17,250$1,153
GREGORY REDMONDIRECTOR
Trustee or director
8.65$16,900$1,078
990 for the year ended December 31, 2023: 18 people
NameTitleHours / weekCompensationOther / benefits
KENNETH SIMMONSFORMER CEO
Former
40$306,584$78,954
JOHN NEWTONCOO & CEO
Officer
40$226,851$78,983
SHELLEY YOUNGCFO
Officer
40$179,098$68,172
MARK GOSSCHIEF LEGAL OFFICER
Officer
40$213,153$8,627
DAKOTA BROWNDIRECTOR OF ENGINEERING
Highest-paid employee
40$143,168$58,689
JACK WILLISCONSTRUCTION LEAD LINE TECH
Highest-paid employee
40$154,711$37,492
DEREK MAURATHCONSTRUCTION LEAD LINE TECH
Highest-paid employee
40$145,474$41,221
GREGORY ERISMANCONSTRUCTION MANAGER
Highest-paid employee
40$142,300$39,824
DOUG HUTTONCHIEF OF CORPORATE RELATIONS
Officer
40$128,531$52,870
DAVID UPCHURCH JRDIRECTOR OF OPERATIONS
Highest-paid employee
40$142,767$20,121
BORIS HAYNESSEC/TREASURER
Trustee or director, Officer
8$31,877$0
CATHY EPPERSONCHAIRPERSON
Trustee or director, Officer
10$31,617$0
BRENT TACKETTVICE CHAIRPERSON
Trustee or director, Officer
6$24,341$0
THOMAS M NELSON JRDIRECTOR
Trustee or director
8$23,943$0
GREG REDMONDIRECTOR
Trustee or director
10$20,235$0
CHARLES HANSFORDDIRECTOR
Trustee or director
3$15,527$0
RICK HALLORANDIRECTOR
Trustee or director
5$12,879$0
BILLY HURDFORMER DIRECTOR
Former
4$11,862$0

Address and contacts

Address (IRS master file)
PO BOX 910, SOMERSET, KY 42502-0910
In care of
% LESLIE BENNETT
Principal officer (990 for 2025)
JOHN K NEWTON, PO BOX 910, SOMERSET, KY 425020910
Signed the 990
JOHN K NEWTON, PRESIDENT & CEO
Phone
(606) 678-4121
Return prepared by
JONES NALE & MATTINGLY PLC

Mission

PROVIDE ELECTRICITY TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 71,959 CONSUMERS MONTHLY.

990 for the year ended December 31, 2025

Program accomplishments

  • PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 71,959 CONSUMERS MONTHLY.
    Expenses $171,849,046 · grants $6,000 · revenue $168,815,923

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
61-0344362
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)
$395,788,943
Income (IRS master file)
$171,849,666

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$171,849,046$171,849,046$395,788,943IRS
990December 2024$156,547,918$156,547,918$355,064,058IRS
990December 2023$153,526,188$153,526,188$351,424,686XML
990December 2022$167,099,707$167,099,707$345,027,547IRS
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 61-0344362).

Questions about SOUTH KENTUCKY RURAL ELECTRIC COOPERATIVE CORP

What is the EIN of SOUTH KENTUCKY RURAL ELECTRIC COOPERATIVE CORP?
The employer identification number (EIN) of SOUTH KENTUCKY RURAL ELECTRIC COOPERATIVE CORP is 61-0344362.
Is SOUTH KENTUCKY RURAL ELECTRIC COOPERATIVE CORP tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1943.
Are donations to SOUTH KENTUCKY RURAL ELECTRIC COOPERATIVE CORP tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does SOUTH KENTUCKY RURAL ELECTRIC COOPERATIVE CORP 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 SOUTH KENTUCKY RURAL ELECTRIC COOPERATIVE CORP 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 SOUTH KENTUCKY RURAL ELECTRIC COOPERATIVE CORP 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 SOUTH KENTUCKY RURAL ELECTRIC COOPERATIVE CORP?
The 990 for the year ended December 31, 2025 names JOHN K NEWTON.
Who are the officers and directors of SOUTH KENTUCKY RURAL ELECTRIC COOPERATIVE CORP?
The 990 for the year ended December 31, 2025 lists 14 people; 14 received compensation from the organization, the highest $336,860 (JOHN NEWTON, PRESIDENT & CEO).
How much revenue does SOUTH KENTUCKY RURAL ELECTRIC COOPERATIVE CORP have?
On its 990 for the year ended December 31, 2025 it reported revenue of $171,849,046, expenses of $171,849,046 and total assets of $395,788,943 at year end.

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