Cause IQ organization profile

Coserv Electric

Program areas | Form 990s | Financials | Vendors | Personnel | Peers

Coserv Electric is a public utility based in Corinth, TX that was founded in 1938. As of 2019 they had $525 million in revenue and $1.3 billion in assets.

To deliver excellent service to our members and customers by providing safe and reliable energy solutions. To provide Electric power to members at cost on a Cooperative basis.

Previous legal names or variations of their name include: Denton County Electric Cooperative.

EIN:
75-0233075
City:
State:
Metro:
Website:
Founded:
1938
Type:
501(c)(12)
NTEE:
Revenue:
$525,121,580
Assets:
$1,305,141,201
Employees:
443
Fiscal year end:
December
Revenue trends:
Asset trends:

Program areas at Coserv Electric

The Cooperative provided electricity to 236,992 active member services at year end. The electricity and related services were provided at cost on a Cooperative basis through the allocation of patronage capital.

Form 990s for Coserv Electric

Fiscal year endingDate received by IRSFormPDF link
2018-12Feb 18, 2020990OView PDF
2017-12Mar 15, 2019990View PDF
2016-12Jan 18, 2018990View PDF
2015-12Apr 7, 2017990OView PDF
2014-12Jan 21, 2016990OView PDF
...and five more Form 990 PDFs

Financials for Coserv Electric

Field2018
Total grants, contributions, etc.$0
Program services$523,059,033
Investment income and dividends$1,096,867
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$590,169
Net gain from sale of non-inventory assets$-16,878
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$392,389
Total revenues$525,121,580

Vendors for Coserv Electric

VendorServicesAmount paidDate
DNN / DotNetNukeContent management system software2020-04-01
█████████Marketing software2020-04-01
████████ ██████ ███████ ███ ████ ███Tax accounting; Audit accounting; Accounting (including auditing)$13,9502019-11-14
██████ ████████ █████████Computer Network Services$3,264,7242018-12-01
████████ ███ ████████ ███Utility Line Contractor$7,186,0182018-12-01
█████ █████ █████████ ███Utility Line Contractor$7,721,5642018-12-01
██████ █████ ███████ ███Utility Line Contractor$5,339,7012018-12-01
████████ ███ ████████ ███Utility Line Contractor$6,234,2912018-12-01
...and nine more vendors

Personnel at Coserv Electric

NameTitleCompensationMost recent data
Brent BishopSenior Vice President and Chief Financial Officer$242,213Jan. 5, 2018
Bill RagsdaleVice Chairman and District 6 Director$42,185Nov. 25, 2019
███████ ████Vice Chairman$42,185Nov. 25, 2019
███ ██████Senior Vice President - Corporate Relations$295,150Dec. 31, 2016
████ █████Chairman$46,111Dec. 31, 2016
██████ ████Senior Vice President - Information Services$270,055Dec. 31, 2016
██████ ███████Senior Vice President - Energy Service$318,868Dec. 31, 2016
██████ █████President and Chief Executive Officer$392,993Dec. 31, 2016
█████ ██████Senior Vice President - Engineering Services$198,545Dec. 31, 2016
████ ████Senior Vice President - Field Operations$216,619Dec. 31, 2016
...and two more key personnel

Peer public utilities

 NameTypeRevenueLocation
1Magic Valley Electric Cooperative501(c)(12)$235 millionMercedes, TX
2Bluebonnet Electric Cooperative501(c)(12)$230 millionBastrop, TX
3Pedernales Electric Cooperative501(c)(12)$639 millionJohnson City, TX
4Guadalupe Valley Electric Cooperative501(c)(12)$241 millionGonzales, TX
5Farmers Electric Cooperative501(c)(12)$133 millionGreenville, TX
6Mountrail-Williams Electric Cooperative501(c)(12)$310 millionWilliston, ND
7First Electric Cooperative Corporation501(c)(12)$202 millionJacksonville, AR
8Northern Virginia Electric Co-Op (NOVEC)501(c)(12)$538 millionManassas, VA
9Volunteer Energy Cooperative501(c)(12)$252 millionDecatur, TN
10Wolverine Power Supply Cooperative501(c)(12)$476 millionCadillac, MI
11Jones-Onslow Electric Membership Corporation (JOEMC)501(c)(12)$156 millionJacksonville, NC
12Golden Spread Electric Cooperative501(c)(12)$290 millionAmarillo, TX
13Trinity Valley Electric Cooperative (TVEC)501(c)(12)$161 millionKaufman, TX
14Brazos Electric Power Cooperative501(c)(12)$1.0 billionWaco, TX
15San Miguel Electric Cooperative501(c)(12)$155 millionJourdanton, TX
16United Cooperative Services501(c)(12)$207 millionBurleson, TX
17South Texas Electric Cooperative501(c)(12)$529 millionNursery, TX
18Tri-County Electric Cooperative501(c)(12)$241 millionAzle, TX
19South Plains Electric Cooperative501(c)(12)$156 millionLubbock, TX
20South Central Power Company501(c)(12)$338 millionLancaster, OH
21Santee Electric Cooperative501(c)(12)$142 millionKingstree, SC
22Connexus Energy501(c)(12)$280 millionRamsey, MN
23Delaware Electric Cooperative501(c)(12)$178 millionGreenwood, DE
24Southern Illinois Power Cooperative501(c)(12)$206 millionMarion, IL
25Southwest Louisiana Electric Membership Corporation501(c)(12)$237 millionLafayette, LA