Nonprofit · EIN 71-0205220
ASHLEY-CHICOT ELECTRIC COOPERATIVE INC
Tax-exempt · HAMBURG, AR 71646
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $14,909,855 | $14,909,855 | $0 | $50,332,696 | $27,278,514 | $23,054,182 |
| December 31, 2023 | 990 | $11,985,900 | $11,985,900 | $0 | $46,229,416 | $25,481,928 | $20,747,488 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $14,043,770
- Investment income
- $73,753
- Net rental income
- $23,279
- Net gain from sales of assets
- $11,600
- Other revenue
- $792,332
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $2,615,513
- Compensation of officers, directors and key employees
- $172,897
- Salaries, compensation and benefits (total)
- $411,862
- Professional fundraising fees
- $0
- Legal fees
- $65,074
- Accounting fees
- $34,746
- Depreciation
- $1,581,080
Balance sheet and other
- Total assets, start of year
- $46,229,416
- Total assets, end of year
- $50,332,696
- Total liabilities, end of year
- $27,278,514
- Net assets, end of year
- $23,054,182
- Land, buildings and equipment
- $41,153,789
- Gross unrelated business income
- $490,828
- Gross receipts
- $14,909,855
- Employees
- 25
- Volunteers
- 0
- Year formed
- 1941
- State of legal domicile
- AR
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 |
|---|---|---|---|---|
| RODNEY CHAPMAN | GENERAL MANAGER Officer | 40 | $128,800 | $23,898 |
| THOMAS WELLS | OPERATIONS MANAGER Highest-paid employee | 40 | $115,679 | $23,411 |
| MARCUS COLLINS | LEAD SERVICE MAN Highest-paid employee | 40 | $111,843 | $23,206 |
| FRANK DODSON | CONSTRUCTION FORMAN Highest-paid employee | 40 | $108,813 | $23,224 |
| FRANK DAVIS | CONSTRUCTION FORMAN Highest-paid employee | 40 | $100,132 | $23,144 |
| ANDREW HARTSHORN | DIRECTOR Trustee or director | 3 | $15,059 | $236 |
| MARTHA PENNINGTON | SECRETARY Officer | 5 | $12,272 | $236 |
| MARK PIERONI | VICE PRESIDENT Officer | 2 | $4,947 | $236 |
| JUSTIN GREEN | DIRECTOR Trustee or director | 3 | $4,406 | $236 |
| EMORY AUSTIN | PRESIDENT Officer | 8 | $3,062 | $236 |
| RICHARD STOCK | DIRECTOR Trustee or director | 2 | $2,186 | $236 |
| MIKE HUGGINS | DIRECTOR Trustee or director | 2 | $2,166 | $236 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RODNEY CHAPMAN | GENERAL MANAGER Officer | 40 | $126,632 | $93,361 |
| THOMAS WELLS | OPERATIONS MANAGER Highest-paid employee | 40 | $125,680 | $79,150 |
| MARCUS COLLINS | LEAD SERVICE MAN Highest-paid employee | 40 | $112,004 | $69,168 |
| FRANK DODSON | CONSTRUCTION FORMAN Highest-paid employee | 40 | $102,222 | $58,758 |
| MARTHA PENNINGTON | SECRETARY Officer | 5 | $11,135 | $9,066 |
| ANDREW HARTSHORN | DIRECTOR Trustee or director | 3 | $10,513 | $8,170 |
| DAVID LYNN | DIRECTOR Trustee or director | 2 | $6,934 | $3,342 |
| JUSTIN GREEN | DIRECTOR Trustee or director | 3 | $4,964 | $2,202 |
| MARK PIERONI | VICE PRESIDENT Officer | 2 | $3,884 | $1,728 |
| EMORY AUSTIN | PRESIDENT Officer | 8 | $2,036 | $0 |
| RICHARD STOCK | DIRECTOR Trustee or director | 2 | $1,089 | $0 |
| MIKE HUGGINS | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 307 E JEFFERSON ST, HAMBURG, AR 71646-3009
- In care of
- % HARRIET ERWIN
- Principal officer (990 for 2024)
- EMORY AUSTIN, 307 E JEFFERSON STREET, HAMBURG, AR 71646
- Signed the 990
- JOHN E LEE, CEO
- Phone
- (870) 853-5212
- Website
- WWW.ASHLEY-CHICOT.COM
- Return prepared by
- HEARD MCELROY & VESTAL LLC
Mission
SALE OF ELECTRICITY TO RURAL MEMBERS
Program accomplishments
- PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 5,117 RURAL MEMBERS.
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
- 71-0205220
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1954
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $50,332,696
- Income (IRS master file)
- $14,909,855
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $14,909,855 | $14,909,855 | $50,332,696 | XML |
| 990 | December 2023 | $11,985,900 | $11,985,900 | $46,229,416 | XML |
| 990 | December 2022 | $13,513,079 | $13,513,079 | $43,086,261 | 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 71-0205220).
Questions about ASHLEY-CHICOT ELECTRIC COOPERATIVE INC
- What is the EIN of ASHLEY-CHICOT ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of ASHLEY-CHICOT ELECTRIC COOPERATIVE INC is 71-0205220.
- Is ASHLEY-CHICOT ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1954.
- Are donations to ASHLEY-CHICOT ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ASHLEY-CHICOT 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 ASHLEY-CHICOT 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 ASHLEY-CHICOT 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 ASHLEY-CHICOT ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 names EMORY AUSTIN.
- Who are the officers and directors of ASHLEY-CHICOT ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 lists 12 people; 12 received compensation from the organization, the highest $128,800 (RODNEY CHAPMAN, GENERAL MANAGER).
- How much revenue does ASHLEY-CHICOT ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $14,909,855, expenses of $14,909,855 and total assets of $50,332,696 at year end.
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