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MARSHALL-DEKALB ELECTRIC COOPERATIVE

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Public IRS 990 nonprofit record

MARSHALL-DEKALB ELECTRIC COOPERATIVE

EIN 63-0132555 · Mutual & Membership Benefit (Y)

What they do

PURCHASE and SALE of ELECTRICITY for ITS MEMBERSHIP

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $100.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders11 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

86.00%of revenue went to mission work100.0% of expenses · Program services
$86.00spent for every $100 of revenueRevenue covered expenses this year.
$6.27in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $190,168 for WILLIAM S BOBO (MANAGER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$20,392,875
Mission workProgram services$17,536,85486.00% of revenue100.0% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Revenue left after expensesReported annual surplus$2,856,02114.00% of revenueShown in gray on the chart
Total expenses$17,536,85486.00% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 86.00% of revenue
2023Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 85.56% of revenue
2022Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 80.36% of revenue
2021Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 83.00% of revenue
2020Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 77.10% of revenue
2019Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 89.47% of revenue
2018Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 96.80% of revenue
2017Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 90.66% of revenue

Money in and money out

Revenue$20,392,875
Expenses$17,536,854
Annual surplus $2,856,021 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$17,536,854 · 100.0% of expenses
See all reported dollar amounts
Revenue$20,392,875
Expenses$17,536,854
Assets$110,007,347
Income$65,001,141
Mission work (program services)$17,536,854
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
WILLIAM S BOBOMANAGER · 40 hrs/week $190,168Base $184,968 · Other $5,200
ERIC LESTERCHIEF ENGINEER · 40 hrs/week $164,591
TERRY EDMONDSONPRESIDENT · 5 hrs/week $17,336
BOBBY WEATHERSSEC/TREAS · 5 hrs/week $15,025
BRIEN PHILLIPSTRUSTEE · 5 hrs/week $14,375
BRIGGS PATTERSONTRUSTEE · 5 hrs/week $13,713
STEVE HENLEYTRUSTEE · 5 hrs/week $13,576
TERRY JOHNSONTRUSTEE · 5 hrs/week $13,406
WILLIAM G HULGANTRUSTEE · 5 hrs/week $13,326
JERRY SCOTTTRUSTEE · 5 hrs/week $13,286
STEPHEN P DAVISVICE PRESIDENT · 5 hrs/week $13,125

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (11)

WILLIAM S BOBOMANAGER

ERIC LESTERCHIEF ENGINEER

TERRY EDMONDSONPRESIDENT

BOBBY WEATHERSSEC/TREAS

BRIEN PHILLIPSTRUSTEE

BRIGGS PATTERSONTRUSTEE

STEVE HENLEYTRUSTEE

TERRY JOHNSONTRUSTEE

WILLIAM G HULGANTRUSTEE

JERRY SCOTTTRUSTEE

STEPHEN P DAVISVICE PRESIDENT

About this charity

Location
PO BOX 724, BOAZ, AL 35957
County
Marshall
In care of
SCOTT BOBO
Primary officer
SCOTT BOBO, GENERAL MANAGER

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
MDA PROFESSIONAL GROUP PC
NTEE classification
Mutual & Membership Benefit (Y)
IRS tax category
Mutual & Membership Benefit

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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