Nonprofit · EIN 74-2011664
ASSOCIATION OF ELECTRIC COMPANIES OF TEXAS INC
Tax-exempt · AUSTIN, TX 78701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,902,443 | $3,055,082 | -$152,639 | $4,098,370 | $918,391 | $3,179,979 |
| December 31, 2023 | 990 | $2,862,085 | $2,791,999 | $70,086 | $4,461,964 | $1,137,865 | $3,324,099 |
| December 31, 2022 | 990 | $2,766,687 | $2,666,173 | $100,514 | $3,746,074 | $574,357 | $3,171,717 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,725,000
- Investment income
- $177,443
- Net gain from sales of assets
- $29,493
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,010,241
- Other salaries and wages
- $292,316
- Salaries, compensation and benefits (total)
- $1,413,109
- Professional fundraising fees
- $0
- Accounting fees
- $43,844
- Occupancy
- $243,009
- Depreciation
- $14,886
Balance sheet and other
- Total assets, start of year
- $4,461,964
- Total assets, end of year
- $4,098,370
- Total liabilities, end of year
- $918,391
- Net assets, end of year
- $3,179,979
- Land, buildings and equipment
- $57,280
- Publicly traded securities
- $625,217
- Net assets without donor restrictions
- $3,179,979
- Gross receipts
- $2,902,443
- Employees
- 7
- Volunteers
- 11
- Year formed
- 1978
- State of legal domicile
- TX
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 |
|---|---|---|---|---|
| MARK BELL | PRESIDENT & Officer | 40 | $572,384 | $30,212 |
| BEN GAFFANEY | VP OF COMMUN Key employee | 40 | $214,309 | $15,563 |
| KORY CURTIS | VP OF GOV. A Key employee | 40 | $166,480 | $11,293 |
| ADRIANNE FORE | VP OF GOV AF Highest-paid employee | 40 | $147,809 | $10,363 |
| C MICHAEL GREGG | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JASON RYAN | VICE CHAIR Trustee or director | 1 | $0 | $0 |
| SCOTT HUTCHINSON | IMMEDIATE PA Trustee or director | 1 | $0 | $0 |
| BRENT CHANEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAMON WITHROW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NEAL WALKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TOM ONEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES SCHICHTL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JESSICA ONEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MINDY CARR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ISAAC ALBARADO | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARK BELL | PRESIDENT & Officer | 40 | $497,196 | $37,303 |
| BEN GAFFANEY | VP OF COMMUN Key employee | 40 | $221,727 | $16,674 |
| JESSICA DELEON | OFFICE MANAG Highest-paid employee | 40 | $103,901 | $11,160 |
| CHRISTINA GONZALES | VP OF GOV AF Highest-paid employee | 40 | $104,384 | $5,801 |
| SCOTT HUTCHINSON | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| C MICHAEL GREGG | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BRENT CHANEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAMON WITHROW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NEAL WALKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TOM ONEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JASON RYAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES SCHICHTL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GILBERT HUGHES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JESSICA ONEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MINDY CARR | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2022: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARK BELL | PRESIDENT & Officer | 40 | $417,556 | $31,828 |
| BEN GAFFANEY | VP OF COMMUN Key employee | 40 | $168,250 | $19,262 |
| DOUG CLEMENTS | VP OF GOV. A Highest-paid employee | 40 | $101,633 | $9,620 |
| JOHANNA KIM | VP OF GOV AF Highest-paid employee | 40 | $101,633 | $8,306 |
| SCOTT HUTCHINSON | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| C MICHAEL GREGG | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BRENT CHANEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT BLACK | DIRECTOR (01 Trustee or director | 1 | $0 | $0 |
| DAMON WITHROW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NEAL WALKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TOM ONEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JASON RYAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES SCHICHTL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WALT JORDAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GILBERT HUGHES | DIRECTOR (11 Trustee or director | 1 | $0 | $0 |
| JESSICA ONEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1005 CONGRESS AVE STE 1000, AUSTIN, TX 78701-2469
- Principal officer (990 for 2024)
- MARK BELL, 1005 CONGRESS AVENUE STE 1000, AUSTIN, TX 787012491
- Signed the 990
- MARK BELL, PRESIDENT & CEO
- Phone
- (512) 474-6725
- Website
- WWW.AECT.NET
- Return prepared by
- REYNOLDS & FRANKE PC
Mission
PROVIDES A FORUM FOR MEMBER COMPANIES TO EXCHANGE INFORMATION ABOUT PUBLIC POLICY AND TO COMMUNICATE WITH THE PUBLIC AND GOVERNMENT OFFICIALS.
Program accomplishments
- PROMOTION OF ELECTRICITY INITIATIVES THAT BENEFIT CONSUMERS AND INVESTORS OF ELECTRIC COMPANIES IN TEXAS. PROVIDES A FORUM FOR MEMBER COMPANIES TO EXCHANGE INFORMATION ABOUT PUBLIC POLICY AND TO COMMUNICATE WITH THE CITIZENS OF TEXAS AND GOVERNMENT OFFICIALS ON THE LATEST DEVELOPMENTS IN THE INDUSTRY.
- EDUCATION OF THE PUBLIC AND ASSIMILATION AND DISTRIBUTION OF INFORMATION. THE ASSOCIATION PROVIDES INFORMATION REGARDING LEGISLATIVE AND REGULATORY UPDATES AFFECTING THE ELECTRIC UTILITY INDUSTRY; ENVIRONMENTAL, TECHNICAL, AND ECONOMIC ISSUES IMPACTING THE INDUSTRY; AND MATERIALS TO HELP CONSUMERS SAVE MONEY BY LOWERING THEIR ELECTRIC BILL AND SHOPPING FOR SERVICE.
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
- 74-2011664
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1979
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $4,098,370
- Income (IRS master file)
- $2,902,443
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,902,443 | $3,055,082 | $4,098,370 | XML |
| 990 | December 2023 | $2,862,085 | $2,791,999 | $4,461,964 | XML |
| 990 | December 2022 | $2,766,687 | $2,666,173 | $3,746,074 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 74-2011664).
Questions about ASSOCIATION OF ELECTRIC COMPANIES OF TEXAS INC
- What is the EIN of ASSOCIATION OF ELECTRIC COMPANIES OF TEXAS INC?
- The employer identification number (EIN) of ASSOCIATION OF ELECTRIC COMPANIES OF TEXAS INC is 74-2011664.
- Is ASSOCIATION OF ELECTRIC COMPANIES OF TEXAS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1979.
- Are donations to ASSOCIATION OF ELECTRIC COMPANIES OF TEXAS INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ASSOCIATION OF ELECTRIC COMPANIES OF TEXAS 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 ASSOCIATION OF ELECTRIC COMPANIES OF TEXAS 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 ASSOCIATION OF ELECTRIC COMPANIES OF TEXAS 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 ASSOCIATION OF ELECTRIC COMPANIES OF TEXAS INC?
- The 990 for the year ended December 31, 2024 names MARK BELL.
- Who are the officers and directors of ASSOCIATION OF ELECTRIC COMPANIES OF TEXAS INC?
- The 990 for the year ended December 31, 2024 lists 15 people; 4 received compensation from the organization, the highest $572,384 (MARK BELL, PRESIDENT &).
- How much revenue does ASSOCIATION OF ELECTRIC COMPANIES OF TEXAS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,902,443, expenses of $3,055,082 and total assets of $4,098,370 at year end.
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