EIN 75-1941060

Golden Spread Electric Cooperative

IRS 501(c) type
501(c)(12)
Num. employees
103
State
Year formed
1984
Most recent tax filings
2022-12-01
NTEE code, primary
Description
Golden Spread Electric Cooperative functions as a consumer-owned wholesale electric power supplier cooperative. Its mission is to secure a reliable and cost-effective power supply for future generations by creating opportunities, cultivating cooperation, and navigating industry risks. The organization distributes its wholesale electric energy through long-term power purchase agreements with 16 electric distribution cooperative members. It also operates on a cooperative basis through the allocation of patronage capital.
Total revenues
$772,338,275
2022
Total expenses
$760,503,573
2022
Total assets
$1,273,810,870
2022
Num. employees
103
2022

Program areas at Golden Spread Electric Cooperative

The organization provides wholesale Electric energy under long-term power purchase agreements with its 16 Electric distribution Cooperative members. Wholesale power is provided on a Cooperative basis through the allocation of patronage capital.

Grants made by Golden Spread Electric Cooperative

GranteeGrant descriptionAmount
Massachusetts Institute of Technology (MIT)Research Scholarships$165,000
The Opportunity PlanScholarships$17,250
Amarillo Area FoundationTo Assist in Funding Charitable Organizations and Programs Supported By the Foundation$7,770
...and 1 more grant made

Personnel at Golden Spread Electric Cooperative

NameTitleCompensation
Kari HollandsworthPresident and Chief Executive Officer / Dir.finance and Forecast$840,114
Robert M LoweChief Financial Officer and Assistant Treasurer$359,984
John EichelmannVice President - Member Services and Power Delivery / Vice President , Member S / Vice President , Member Services / Vice President Member Services$363,648
Darla BlackmoreVice President - Human Resources / Vice President , Human Resources$361,082
Matthew MooreVice President - Commerical and Assets Operations / Director Marketing Operations / Director Market Operations / Director of Market Operations$333,261
...and 15 more key personnel

Financials for Golden Spread Electric Cooperative

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$767,542,523
Investment income and dividends$4,970,033
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$-174,281
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$772,338,275

Form 990s for Golden Spread Electric Cooperative

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2018-122019-12-26990View PDF
2017-122019-03-15990View PDF
...and 9 more Form 990s

Organizations like Golden Spread Electric Cooperative

OrganizationLocationRevenue
Wabash Valley Power Alliance (WVPA)Indianapolis, IN$934,723,597
Brazos Electric Power CooperativeWaco, TX$1,870,614,504
Rayburn Country Electric CooperativeRockwall, TX$563,041,177
Coserv ElectricCorinth, TX$826,144,853
Clay Electric CooperativeKeystone Heights, FL$477,827,474
Sam Houston Electric CooperativeLivingston, TX$249,325,395
Northern Virginia Electric Co-Op (NOVEC)Manassas, VA$998,080,039
Minnkota Power CooperativeGrand Forks, ND$451,623,057
Grayson-Collin Electric CooperativeVan Alstyne, TX$205,305,170
Wolverine Power Supply CooperativeCadillac, MI$706,588,810
Data update history
January 8, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 7, 2024
Updated personnel
Identified 4 new personnel
July 29, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 29, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 28, 2023
Updated personnel
Identified 5 new personnel
Nonprofit Types
Public utilitiesPublic sector nonprofits
Issues
No issues found
Characteristics
National levelReceives government funding
General information
Address
905 S Fillmore St Suite 300
Amarillo, TX 79101
Metro area
Amarillo, TX
County
Potter County, TX
Website URL
gsec.coop/ 
Phone
(806) 379-7766
IRS details
EIN
75-1941060
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1984
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W80: Public Utilities
NAICS code, primary
2211: Electric Power Generation, Transmission, and Distribution Establishments
Parent/child status
Independent
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