NonprofitsBluegrass Energy Cooperative Corp

Mutual & Membership Benefit

Bluegrass Energy Cooperative Corp

NICHOLASVILLE, KY

Total revenue

$159.6M

Total expenses

$159.6M

Net assets

$170.0M

Grants received

EIN

431948188

Tax year

2024

Mission

Since 1937, blue grass energy has been making life better, the cooperative way, for our members and communities by providing safe, reliable, and affordable energy services. Electricity is delivered on a cooperative basis through the allocation of patronage capital. Today, blue grass energy serves approximately 64,000 consumers in 23 kentucky counties.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$156.0M
Investment income$194K
Other revenue$3.5M
Total revenue$159.6M

Expenses

Grants paid$15K
Salaries & benefits$13.3M
Fundraising
Other expenses$144.5M
Total expenses$159.6M
Total assets$320.3M
Net assets$170.0M

People

17 listed

NameRoleCompensation

MICHAEL WILLIAMS

PRESIDENT/CEO

Board

$438K

50 hrs/wk

LAUREN LOGAN

VP-FINANCIAL SERVICE

Board

$136K

50 hrs/wk

CHARLES G WILLIAMSON III

VP-FINANCIAL SERVICE

Board

$76K

50 hrs/wk

DENNIS MONEYHON

CHAIRMAN

Board

$23K

7.9 hrs/wk

JANE SMITH

SEC/TREASURER

Board

$22K

8 hrs/wk

RICHARD COBB IV

DIRECTOR

Board

$21K

9 hrs/wk

GARY KELLER

VICE CHAIRMAN

Board

$21K

9.2 hrs/wk

DOUG FRITZ

DIRECTOR

Board

$20K

8.4 hrs/wk

LU YOUNG

DIRECTOR

Board

$19K

5.6 hrs/wk

PAUL TUCKER

DIRECTOR

Board

$19K

8.6 hrs/wk

JODY HUGHES

DIRECTOR

Board

$18K

6.2 hrs/wk

ROBERT C BREWER JR

VP-ENGINEERING

Staff

$205K

50 hrs/wk

BOBBY MCCOUN

VP-MEMBER SERVICES

Staff

$168K

50 hrs/wk

BEONKA STOCKTON

VP-CORPORATE SERVICE

Staff

$165K

50 hrs/wk

DENISE MYERS

VP-PUBLIC RELATIONS

Staff

$153K

50 hrs/wk

WESLEY WADE

FIRST CLASS LINE TECH

Staff

$137K

50 hrs/wk

BRAD MARSHALL

FORMER DIRECTOR

Staff

$36K

0

Independent contractors

DAVIS H ELLIOTT

LINE CONSTRUCTION AND REPAIR

$4.9M

WA KENDALL

RIGHT OF WAY MAINTENANCE

$1.8M

WRIGHT TREE SERVICE

RIGHT OF WAY MAINTENANCE

$1.8M

MCLEAN ENGINEERING

POLE ATTACHMENT ENGINEERING

$1.5M

ARBORWORKS LLC

RIGHT OF WAY MAINTENANCE

$1.5M

Details

EIN431948188
NTEE codeY22
Subsection12
Ruling date2002-07
Formed1937
Employees107
Volunteers0
BLUEGRASS ENERGY COOPERATIVE CORP — Mission, Financials & Grants Received | Grantivo