{"success":true,"data":{"_id":610299615,"filings":[{"Organization":{"value":null,"Person":["Michael L Cobb","Michael Stafford","Jim Petreshock","Joseph Waichulis","Jennifer Taylor","Andrew Long","Steven Moore","Brian Jones","Albert Pickett","Jerod Mulberry","Joe Schmiade","Erin Rehkamp","John Grant","Charles Richarson","Richard Messingschlager","Robert True","Hope Kinman","Eddie McCord","Charles Alan Ahrman"],"Title":["President and CEO","VP of Member Services","VP of Information Systems","Service Technician","VP of Engineering","VP of Engineering","Service Technician","VP of Operations","Service Technician","Service Technician","Service Technician","VP of Corporate Services","Director","Secretary-Treasurer","Director","Director","Director","Vice Chairman","Chairman"],"Hours":[60.0,50.0,50.0,60.0,50.0,50.0,57.0,50.0,58.0,55.0,57.0,50.0,7.0,6.0,7.0,3.0,4.0,3.0,6.0],"Total Compensation":[469889,236983,236802,212745,211184,201386,199392,192788,191573,191177,166882,146003,26775,26679,24906,20235,19674,19661,19200],"Direct compensation":[364392,161115,161381,158058,155321,139290,151165,166978,153038,145111,149791,136990,26775,26679,24906,20235,19674,19661,19200],"Other compensation":[105497,75868,75421,54687,55863,62096,48227,25810,38535,46066,17091,9013,0,0,0,0,0,0,0]},"Basic":{"value":null,"mission":"Provide electric service to members on a patronage basis. serve an average of 66,000 member accounts. improve our members' lives by providing safe, reliable, affordable electric service.","year":2024,"name":"OWEN ELECTRIC COOPERATIVE INC","phone":5024843471,"website":"www.owenelectric.com","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"Michael L Cobb","year_formation":1937,"state_legal_domicile":"KY","total_volunteers":0,"tax_period_begin":"2024-01-01T00:00:00","tax_period_end":"2024-12-31T00:00:00","address":"PO Box 400, Owenton, KY, 40359, USA","city":"Owenton","state":"KY","country":"USA","zip_code":40359},"Governance":{"value":null,"501c3 determination":false,"501c determination":true,"Number of voting members":7,"Number of independent voting members":0,"Number of employees total":128,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":128,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":false,"Premiums Paid":false,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":246541238,"Contributions":{"value":0,"Other contributions":0,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":0},"Program revenue":{"value":242544466,"Total revenue":{"value":242544466,"Electric Service":242377362,"Other":167104},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":1255269,"Investment income total":1255269,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":2741503,"Other total":2741503,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":246541238,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":7881720,"Benefits paid to members Total":7881720},"Salaries":{"value":11214996,"Current officers":2813936,"Disqualified persons":0,"Other salaries and wages":5033315,"Pension plan contributions":1155848,"Other employee benefits":1685159,"Payroll taxes":526738},"Other expenses":{"value":227444522,"Management services":0,"Legal":48667,"Accounting":52533,"Lobbying services":0,"Investment management fees":0,"Other services":0,"Advertising":0,"Office expenses":0,"Information technology":0,"Royalties":0,"Occupancy":0,"Travel":0,"Conferences and meetings":0,"Interest":3875606,"Payments to affiliates":0,"Depreciation and depletion":12701067,"Insurance":0,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":210703022,"Cost of Purchase Power":199358563,"Operations and Maintenance":7456111,"General and Administrative":2080325,"Customer Service and Accounts":1808023},"All other expenses":63627},"Functional Expenses":{"value":null,"Program Service Expenses":0,"Management And General Expenses":0,"Fundraising Expenses":0}},"Assets":{"value":319181309,"Non-interest bearing cash":2546457,"Savings and temp cash investments":14272895,"Pledges and grants receivable":0,"Accounts receivable":21768329,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":2141055,"Prepaid expenses deferred charges":3769387,"Land, building, equipment":171113157,"Investments publicly traded":0,"Investments other":0,"Investments program related":0,"Intangible assets":0,"Other assets":103570029},"Liabilities":{"value":143039185,"Sum of Total Liabilities":0,"Accounts payable, accrued":19729104,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":103284746,"Unsecured notes loans payable":0,"Other liabilities":20025335},"Fund balance":{"value":176142124,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.0,"percentile":0.4421253816471043},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.0,"percentile":0.39405288179642484},"Liabilities to Assets Ratio":{"score":0.448143988907571,"percentile":0.1498743103044247},"Operating Reserve Ratio":{"score":1.2946365954404755,"percentile":0.4969398327775486},"Officer Compensation Ratio":{"score":0.01141364431698035,"percentile":0.9542852984571294},"Program Expense Growth":{"score":null,"percentile":null},"Revenue Growth":{"score":0.10183308472447726,"percentile":0.7680309173031014},"Asset Growth":{"score":0.04649350593026711,"percentile":0.5131656231154469},"Independent Voting Board Pct":{"score":0.0,"percentile":0.10798813433961453},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.4929427171274855,"percentile":0.30457546951903486}},"source_xml":"202511269349300226_public.xml"},{"Organization":{"value":null,"Person":["Michael L Cobb","James R Williams","Brian Jones","Jennifer Taylor","Teresa Hamilton","Albert Pickett","Michael Stafford","Joseph Waichulis","Larry Richardson","John Grant","Richard Messingschlager","Charles Richarson","Hope Kinman","Eddie McCord","Robert True","Charles Alan Ahrman"],"Title":["President and CEO","SR. VP of Operations and Technology","Manager of Construction","Engineering Manager","VP of Accounting","Service Technician","VP of Member Services","Service Technician","Service Technician","Chairman of the Board","Vice Chairman of the Board","Director","Secretary/Treasurer","Director","Director","Director"],"Hours":[60.0,50.0,50.0,45.0,50.0,57.2,50.0,58.8,56.6,7.0,8.0,6.0,5.0,5.0,4.0,7.0],"Total Compensation":[366678,233639,209557,205339,199660,190522,183504,162348,157266,25919,25788,24624,24100,23643,22064,20347],"Direct compensation":[296611,208232,149136,146892,149144,145418,150409,146468,148516,25919,25788,24624,24100,23643,22064,20347],"Other compensation":[70067,25407,60421,58447,50516,45104,33095,15880,8750,0,0,0,0,0,0,0]},"Basic":{"value":null,"mission":"Provide electric service to members on a patronage basis.","year":2021,"name":"OWEN ELECTRIC COOPERATIVE INC","phone":5024843471,"website":"www.owenelectric.com","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"Michael L Cobb","year_formation":1937,"state_legal_domicile":"KY","total_volunteers":0,"tax_period_begin":"2021-01-01T00:00:00","tax_period_end":"2021-12-31T00:00:00","address":"PO Box 400, Owenton, KY, 40359, USA","city":"Owenton","state":"KY","country":"USA","zip_code":40359},"Governance":{"value":null,"501c3 determination":false,"501c determination":true,"Number of voting members":7,"Number of independent voting members":0,"Number of employees total":136,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":136,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":false,"Premiums Paid":false,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":184758521,"Contributions":{"value":0,"Other contributions":0,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":0},"Program revenue":{"value":182142446,"Total revenue":{"value":182142446,"Electric Service":180094220,"Other":2048226},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":77806,"Investment income total":77806,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":2538269,"Other total":2538269,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":184758521,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":8484972,"Benefits paid to members Total":8484972},"Salaries":{"value":11020074,"Current officers":2074994,"Disqualified persons":0,"Other salaries and wages":5099952,"Pension plan contributions":1525777,"Other employee benefits":1801949,"Payroll taxes":517402},"Other expenses":{"value":165253475,"Management services":0,"Legal":75071,"Accounting":53100,"Lobbying services":0,"Investment management fees":0,"Other services":0,"Advertising":0,"Office expenses":0,"Information technology":0,"Royalties":0,"Occupancy":0,"Travel":0,"Conferences and meetings":0,"Interest":2984915,"Payments to affiliates":0,"Depreciation and depletion":11664380,"Insurance":0,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":150412924,"Cost of Purchase Power":139764990,"Operations and Maintenance":7269130,"General and Administrative":1722036,"Customer Service and Accounts":1656768},"All other expenses":63085},"Functional Expenses":{"value":null,"Program Service Expenses":0,"Management And General Expenses":0,"Fundraising Expenses":0}},"Assets":{"value":280661277,"Non-interest bearing cash":2552921,"Savings and temp cash investments":8004348,"Pledges and grants receivable":0,"Accounts receivable":11778877,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":1741130,"Prepaid expenses deferred charges":5732448,"Land, building, equipment":153119667,"Investments publicly traded":0,"Investments other":0,"Investments program related":0,"Intangible assets":0,"Other assets":97731886},"Liabilities":{"value":128274344,"Sum of Total Liabilities":0,"Accounts payable, accrued":13043710,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":89473155,"Unsecured notes loans payable":0,"Other liabilities":25757479},"Fund balance":{"value":152386933,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.0,"percentile":0.4421253816471043},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.0,"percentile":0.39405288179642484},"Liabilities to Assets Ratio":{"score":0.4570432564517976,"percentile":0.1472849305101494},"Operating Reserve Ratio":{"score":1.5190708146012926,"percentile":0.541857651347676},"Officer Compensation Ratio":{"score":0.011230864962379732,"percentile":0.9550720935831998},"Program Expense Growth":{"score":null,"percentile":null},"Revenue Growth":{"score":null,"percentile":null},"Asset Growth":{"score":null,"percentile":null},"Independent Voting Board Pct":{"score":0.0,"percentile":0.10798813433961453},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.4618047475478568,"percentile":0.23516658623949405}},"source_xml":"202231299349300438_public.xml"},{"Organization":{"value":null,"Person":["Michael L Cobb","Jennifer Taylor","Teresa Hamilton","Brian Jones","Michael Stafford","Jim Petreshock","Joseph Waichulis","Jerod Mulberry","Albert Pickett","Joe Schmiade","Larry Richardson","Richard Messingschlager","Charles Richarson","John Grant","Eddie McCord","Robert True","Hope Kinman","Charles Alan Ahrman"],"Title":["President and CEO","VP of Engineering","VP of Accounting","VP of Operations","VP of Member Services","VP of Information Systems","Service Technician","Service Technician","Service Technician","Service Technician","Service Technician","Vice Chairman of the Board","Director","Chairman of the Board","Director","Director","Secretary/Treasurer","Director"],"Hours":[60.0,50.0,50.0,50.0,50.0,50.0,58.8,52.0,57.2,58.0,56.6,8.0,6.0,7.0,4.0,3.0,4.0,7.0],"Total Compensation":[366376,238909,227409,216876,210482,208146,195906,174203,167407,159391,151373,29031,28239,27545,22031,21795,21429,20760],"Direct compensation":[277433,171870,155119,146789,148829,140401,142986,129685,130837,139918,140280,29031,28239,27545,22031,21795,21429,20760],"Other compensation":[88943,67039,72290,70087,61653,67745,52920,44518,36570,19473,11093,0,0,0,0,0,0,0]},"Basic":{"value":null,"mission":"Provide electric service to members on a patronage basis.","year":2022,"name":"OWEN ELECTRIC COOPERATIVE INC","phone":5024843471,"website":"www.owenelectric.com","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"Michael L Cobb","year_formation":1937,"state_legal_domicile":"KY","total_volunteers":0,"tax_period_begin":"2022-01-01T00:00:00","tax_period_end":"2022-12-31T00:00:00","address":"PO Box 400, Owenton, KY, 40359, USA","city":"Owenton","state":"KY","country":"USA","zip_code":40359},"Governance":{"value":null,"501c3 determination":false,"501c determination":true,"Number of voting members":7,"Number of independent voting members":0,"Number of employees total":134,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":134,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":false,"Premiums Paid":false,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":232534469,"Contributions":{"value":0,"Other contributions":0,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":0},"Program revenue":{"value":226825219,"Total revenue":{"value":226825219,"Electric Service":226699373,"Other":125846},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":343804,"Investment income total":343804,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":5365446,"Other total":5365446,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":232534469,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":9661962,"Benefits paid to members Total":9661962},"Salaries":{"value":11221674,"Current officers":2487308,"Disqualified persons":0,"Other salaries and wages":4969978,"Pension plan contributions":1394462,"Other employee benefits":1879715,"Payroll taxes":490211},"Other expenses":{"value":211650833,"Management services":0,"Legal":53283,"Accounting":82011,"Lobbying services":0,"Investment management fees":0,"Other services":0,"Advertising":0,"Office expenses":0,"Information technology":0,"Royalties":0,"Occupancy":0,"Travel":0,"Conferences and meetings":0,"Interest":3152037,"Payments to affiliates":0,"Depreciation and depletion":11766994,"Insurance":0,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":196537712,"Cost of Purchase Power":186217312,"Operations and Maintenance":7179847,"General and Administrative":1612239,"Customer Service and Accounts":1528314},"All other expenses":58796},"Functional Expenses":{"value":null,"Program Service Expenses":0,"Management And General Expenses":0,"Fundraising Expenses":0}},"Assets":{"value":308543726,"Non-interest bearing cash":3043823,"Savings and temp cash investments":9609797,"Pledges and grants receivable":0,"Accounts receivable":21052191,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":2297059,"Prepaid expenses deferred charges":7582583,"Land, building, equipment":165234112,"Investments publicly traded":0,"Investments other":0,"Investments program related":0,"Intangible assets":0,"Other assets":99724161},"Liabilities":{"value":144010529,"Sum of Total Liabilities":0,"Accounts payable, accrued":22451718,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":94203053,"Unsecured notes loans payable":0,"Other liabilities":27355758},"Fund balance":{"value":164533197,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.0,"percentile":0.4421253816471043},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.0,"percentile":0.39405288179642484},"Liabilities to Assets Ratio":{"score":0.4667426911153591,"percentile":0.1445324982424746},"Operating Reserve Ratio":{"score":1.3268730753202873,"percentile":0.5039016753165103},"Officer Compensation Ratio":{"score":0.0106965131264045,"percentile":0.9574544564788989},"Program Expense Growth":{"score":null,"percentile":null},"Revenue Growth":{"score":0.17545920454755176,"percentile":0.8759640309744163},"Asset Growth":{"score":0.07139579468019483,"percentile":0.6022375068933817},"Independent Voting Board Pct":{"score":0.0,"percentile":0.10798813433961453},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.5096023455119117,"percentile":0.3462460775504596}},"source_xml":"202341249349301914_public.xml"},{"Organization":{"value":null,"Person":["Michael L Cobb","Teresa Hamilton","Jennifer Taylor","Michael Stafford","Jim Petreshock","Brian Jones","Steven Moore","Jerod Mulberry","Albert Pickett","Joe Schmiade","Larry Richardson","Richard Messingschlager","John Grant","Charles Richarson","Eddie McCord","Hope Kinman","Charles Alan Ahrman","Erin Rehkamp","Robert True"],"Title":["President and CEO","VP of Accounting","VP of Engineering","VP of Member Services","VP of Information Systems","VP of Operations","Service Technician","Service Technician","Service Technician","Service Technician","Service Technician","Vice Chairman of the Board","Chairman of the Board","Director","Director","Secretary/Treasurer","Director","VP of Corporate Services","Director"],"Hours":[60.0,50.0,50.0,50.0,50.0,50.0,55.0,53.0,54.0,56.0,54.0,9.0,8.0,6.0,4.0,5.0,7.0,50.0,3.0],"Total Compensation":[409248,266695,250958,224821,224071,194744,185893,177159,172735,163889,151244,30923,27950,24999,22211,21659,20773,20425,19365],"Direct compensation":[320451,199765,179479,152737,152386,167220,139251,133149,137199,145805,142392,30923,27950,24999,22211,21659,20773,20336,19365],"Other compensation":[88797,66930,71479,72084,71685,27524,46642,44010,35536,18084,8852,0,0,0,0,0,0,89,0]},"Basic":{"value":null,"mission":"Provide electric service to members on a patronage basis. serve an average of 66,000 member accounts. improve our members' lives by providing safe, reliable, affordable electric service.","year":2023,"name":"OWEN ELECTRIC COOPERATIVE INC","phone":5024843471,"website":"www.owenelectric.com","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"Michael L Cobb","year_formation":1937,"state_legal_domicile":"KY","total_volunteers":0,"tax_period_begin":"2023-01-01T00:00:00","tax_period_end":"2023-12-31T00:00:00","address":"PO Box 400, Owenton, KY, 40359, USA","city":"Owenton","state":"KY","country":"USA","zip_code":40359},"Governance":{"value":null,"501c3 determination":false,"501c determination":true,"Number of voting members":7,"Number of independent voting members":0,"Number of employees total":138,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":138,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":false,"Premiums Paid":false,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":237766185,"Contributions":{"value":0,"Other contributions":0,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":0},"Program revenue":{"value":232713777,"Total revenue":{"value":232713777,"Electric Service":232716194,"Other":-2417},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":868752,"Investment income total":868752,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":4183656,"Other total":4183656,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":237766185,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":6365643,"Benefits paid to members Total":6365643},"Salaries":{"value":11285251,"Current officers":2609762,"Disqualified persons":0,"Other salaries and wages":5083425,"Pension plan contributions":1294017,"Other employee benefits":1795960,"Payroll taxes":502087},"Other expenses":{"value":220115291,"Management services":0,"Legal":37900,"Accounting":55138,"Lobbying services":0,"Investment management fees":0,"Other services":0,"Advertising":0,"Office expenses":0,"Information technology":0,"Royalties":0,"Occupancy":0,"Travel":0,"Conferences and meetings":0,"Interest":3647968,"Payments to affiliates":0,"Depreciation and depletion":12471398,"Insurance":0,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":203851690,"Cost of Purchase Power":192234745,"Operations and Maintenance":8018669,"General and Administrative":1932594,"Customer Service and Accounts":1665682},"All other expenses":51197},"Functional Expenses":{"value":null,"Program Service Expenses":0,"Management And General Expenses":0,"Fundraising Expenses":0}},"Assets":{"value":316615301,"Non-interest bearing cash":1751320,"Savings and temp cash investments":17212986,"Pledges and grants receivable":0,"Accounts receivable":19293890,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":2436122,"Prepaid expenses deferred charges":5819979,"Land, building, equipment":167818021,"Investments publicly traded":0,"Investments other":0,"Investments program related":0,"Intangible assets":0,"Other assets":102282983},"Liabilities":{"value":148181810,"Sum of Total Liabilities":0,"Accounts payable, accrued":18783081,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":107999269,"Unsecured notes loans payable":0,"Other liabilities":21399460},"Fund balance":{"value":168433491,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.0,"percentile":0.4421253816471043},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.0,"percentile":0.39405288179642484},"Liabilities to Assets Ratio":{"score":0.46801847393976703,"percentile":0.14417238989041892},"Operating Reserve Ratio":{"score":1.3316246000245997,"percentile":0.5049076857132984},"Officer Compensation Ratio":{"score":0.010976169719003566,"percentile":0.9561929469750877},"Program Expense Growth":{"score":null,"percentile":null},"Revenue Growth":{"score":0.13062268087464607,"percentile":0.8214158429340978},"Asset Growth":{"score":0.059464051498350406,"percentile":0.5618298840958644},"Independent Voting Board Pct":{"score":0.0,"percentile":0.10798813433961453},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.5015835748168426,"percentile":0.32547166887016454}},"source_xml":"202431249349302168_public.xml"},{"Organization":{"value":null,"Person":["Michael L Cobb","James R Williams","Brian Jones","April Brown","Mark Stallons","James Petreshock","Joseph Waichulis","Teresa Hamilton","Michael Stafford","Joseph Schmiade","Larry Richardson","John Grant","Richard Messingschlager","Charles Richarson","Eddie McCord","Hope Kinman","Charles Alan Ahrman","Robert True"],"Title":["President and CEO","SR. VP of Operations and Technology","Manager of Construction","VP of Human Resources","President and CEO","Information Technology Manager","Service Technician","VP of Accounting","VP of Member Services","Service Technician","Service Technician","Chairman of the Board","Vice Chairman of the Board","Director","Director","Secretary/Treasurer","Director","Director"],"Hours":[60.0,50.0,50.0,45.0,0.0,50.0,59.83,50.0,50.0,58.11,59.71,6.0,7.0,5.0,4.0,4.0,6.0,4.0],"Total Compensation":[323310,229373,218388,201720,198669,192638,191626,185709,175687,155893,153772,23084,22638,22194,21618,21055,21002,20969],"Direct compensation":[254514,204065,158000,152784,175921,134666,146577,135844,142919,140530,145066,23084,22638,22194,21618,21055,21002,20969],"Other compensation":[68796,25308,60388,48936,22748,57972,45049,49865,32768,15363,8706,0,0,0,0,0,0,0]},"Basic":{"value":null,"mission":"Provide electric service to members on a patronage basis.","year":2020,"name":"OWEN ELECTRIC COOPERATIVE INC","phone":5024843471,"website":"www.owenelectric.com","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":null,"year_formation":1937,"state_legal_domicile":"KY","total_volunteers":0,"tax_period_begin":"2020-01-01T00:00:00","tax_period_end":"2020-12-31T00:00:00","address":"PO Box 400, Owenton, KY, 40359, USA","city":"Owenton","state":"KY","country":"USA","zip_code":40359},"Governance":{"value":null,"501c3 determination":false,"501c determination":true,"Number of voting members":7,"Number of independent voting members":0,"Number of employees total":141,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":141,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":false,"Premiums Paid":false,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":164482553,"Contributions":{"value":0,"Other contributions":0,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":0},"Program revenue":{"value":159253221,"Total revenue":{"value":159253221,"Electric Service":159157494,"Other":95727},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":153461,"Investment income total":153461,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":5075871,"Other total":5075871,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":164482553,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":6569353,"Benefits paid to members Total":6569353},"Salaries":{"value":10941210,"Current officers":2379346,"Disqualified persons":0,"Other salaries and wages":4784628,"Pension plan contributions":1493868,"Other employee benefits":1801949,"Payroll taxes":481419},"Other expenses":{"value":146971990,"Management services":0,"Legal":53709,"Accounting":45020,"Lobbying services":0,"Investment management fees":0,"Other services":0,"Advertising":0,"Office expenses":0,"Information technology":0,"Royalties":0,"Occupancy":0,"Travel":0,"Conferences and meetings":0,"Interest":3180740,"Payments to affiliates":0,"Depreciation and depletion":14334498,"Insurance":0,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":129259914,"Cost of Purchase Power":119456182,"Operations and Maintenance":6603199,"General and Administrative":1510666,"Customer Service and Accounts":1689867},"All other expenses":98109},"Functional Expenses":{"value":null,"Program Service Expenses":0,"Management And General Expenses":0,"Fundraising Expenses":0}},"Assets":{"value":267754840,"Non-interest bearing cash":2346919,"Savings and temp cash investments":3000030,"Pledges and grants receivable":0,"Accounts receivable":16624481,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":1741971,"Prepaid expenses deferred charges":2005169,"Land, building, equipment":145109427,"Investments publicly traded":0,"Investments other":0,"Investments program related":0,"Intangible assets":0,"Other assets":96926843},"Liabilities":{"value":122613904,"Sum of Total Liabilities":0,"Accounts payable, accrued":13892088,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":83271484,"Unsecured notes loans payable":0,"Other liabilities":25450332},"Fund balance":{"value":145140936,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.0,"percentile":0.4421253816471043},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.0,"percentile":0.39405288179642484},"Liabilities to Assets Ratio":{"score":0.4579334737702594,"percentile":0.14703215820842203},"Operating Reserve Ratio":{"score":1.627861649253462,"percentile":0.5610124692341286},"Officer Compensation Ratio":{"score":0.014465637580418635,"percentile":0.9401977097473221},"Program Expense Growth":{"score":null,"percentile":null},"Revenue Growth":{"score":null,"percentile":null},"Asset Growth":{"score":null,"percentile":null},"Independent Voting Board Pct":{"score":0.0,"percentile":0.10798813433961453},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.46210531932015886,"percentile":0.23580513732648078}},"source_xml":"202141259349300009_public.xml"}],"Latest":{"Organization":{"value":null,"Person":["Michael L Cobb","Michael Stafford","Jim Petreshock","Joseph Waichulis","Jennifer Taylor","Andrew Long","Steven Moore","Brian Jones","Albert Pickett","Jerod Mulberry","Joe Schmiade","Erin Rehkamp","John Grant","Charles Richarson","Richard Messingschlager","Robert True","Hope Kinman","Eddie McCord","Charles Alan Ahrman"],"Title":["President and CEO","VP of Member Services","VP of Information Systems","Service Technician","VP of Engineering","VP of Engineering","Service Technician","VP of Operations","Service Technician","Service Technician","Service Technician","VP of Corporate Services","Director","Secretary-Treasurer","Director","Director","Director","Vice Chairman","Chairman"],"Hours":[60.0,50.0,50.0,60.0,50.0,50.0,57.0,50.0,58.0,55.0,57.0,50.0,7.0,6.0,7.0,3.0,4.0,3.0,6.0],"Total Compensation":[469889,236983,236802,212745,211184,201386,199392,192788,191573,191177,166882,146003,26775,26679,24906,20235,19674,19661,19200],"Direct compensation":[364392,161115,161381,158058,155321,139290,151165,166978,153038,145111,149791,136990,26775,26679,24906,20235,19674,19661,19200],"Other compensation":[105497,75868,75421,54687,55863,62096,48227,25810,38535,46066,17091,9013,0,0,0,0,0,0,0]},"Basic":{"value":null,"mission":"Provide electric service to members on a patronage basis. serve an average of 66,000 member accounts. improve our members' lives by providing safe, reliable, affordable electric service.","year":2024,"name":"OWEN ELECTRIC COOPERATIVE INC","phone":5024843471,"website":"www.owenelectric.com","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"Michael L Cobb","year_formation":1937,"state_legal_domicile":"KY","total_volunteers":0,"tax_period_begin":"2024-01-01T00:00:00","tax_period_end":"2024-12-31T00:00:00","address":"PO Box 400, Owenton, KY, 40359, USA","city":"Owenton","state":"KY","country":"USA","zip_code":40359},"Governance":{"value":null,"501c3 determination":false,"501c determination":true,"Number of voting members":7,"Number of independent voting members":0,"Number of employees total":128,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":128,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":false,"Premiums Paid":false,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":246541238,"Contributions":{"value":0,"Other contributions":0,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":0},"Program revenue":{"value":242544466,"Total revenue":{"value":242544466,"Electric Service":242377362,"Other":167104},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":1255269,"Investment income total":1255269,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":2741503,"Other total":2741503,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":246541238,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":7881720,"Benefits paid to members Total":7881720},"Salaries":{"value":11214996,"Current officers":2813936,"Disqualified persons":0,"Other salaries and wages":5033315,"Pension plan contributions":1155848,"Other employee benefits":1685159,"Payroll taxes":526738},"Other expenses":{"value":227444522,"Management services":0,"Legal":48667,"Accounting":52533,"Lobbying services":0,"Investment management fees":0,"Other services":0,"Advertising":0,"Office expenses":0,"Information technology":0,"Royalties":0,"Occupancy":0,"Travel":0,"Conferences and meetings":0,"Interest":3875606,"Payments to affiliates":0,"Depreciation and depletion":12701067,"Insurance":0,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":210703022,"Cost of Purchase Power":199358563,"Operations and Maintenance":7456111,"General and Administrative":2080325,"Customer Service and Accounts":1808023},"All other expenses":63627},"Functional Expenses":{"value":null,"Program Service Expenses":0,"Management And General Expenses":0,"Fundraising Expenses":0}},"Assets":{"value":319181309,"Non-interest bearing cash":2546457,"Savings and temp cash investments":14272895,"Pledges and grants receivable":0,"Accounts receivable":21768329,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":2141055,"Prepaid expenses deferred charges":3769387,"Land, building, equipment":171113157,"Investments publicly traded":0,"Investments other":0,"Investments program related":0,"Intangible assets":0,"Other assets":103570029},"Liabilities":{"value":143039185,"Sum of Total Liabilities":0,"Accounts payable, accrued":19729104,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":103284746,"Unsecured notes loans payable":0,"Other liabilities":20025335},"Fund balance":{"value":176142124,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.0,"percentile":0.4421253816471043},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.0,"percentile":0.39405288179642484},"Liabilities to Assets Ratio":{"score":0.448143988907571,"percentile":0.1498743103044247},"Operating Reserve Ratio":{"score":1.2946365954404755,"percentile":0.4969398327775486},"Officer Compensation Ratio":{"score":0.01141364431698035,"percentile":0.9542852984571294},"Program Expense Growth":{"score":null,"percentile":null},"Revenue Growth":{"score":0.10183308472447726,"percentile":0.7680309173031014},"Asset Growth":{"score":0.04649350593026711,"percentile":0.5131656231154469},"Independent Voting Board Pct":{"score":0.0,"percentile":0.10798813433961453},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.4929427171274855,"percentile":0.30457546951903486}},"source_xml":"202511269349300226_public.xml"},"sector":"","donation_categories":[],"zakat_policy":null},"error":null}