Golden Spread Electric Cooperative Inc
TO DELIVER COST EFFECTIVE, COMPETITIVE AND RELIABLE POWER TO PROVIDE A SECURE ENERGY FUTURE FOR GENERATIONS TO COME BY CREATING OPPORTUNITIES, CULTIVATING COOPERATION AND NAVIGATING INDUSTRY RISK.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.4B
Annual Giving
$76K
Grant Count
4
Avg Grant Size
$19K
About Golden Spread Electric Cooperative Inc
Based on IRS filings
Golden Spread Electric Cooperative Inc is a nonprofit organization, based in AMARILLO, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4B in total assets. In 2024, it awarded 4 grants totaling $76K. Net investment income was $14.1M.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $1,366,174,653 | $1,273,810,870 | $1,251,228,427 |
| Revenue | $545,165,927 | $772,338,275 | $703,244,105 |
| Expenses | $545,165,927 | $760,503,573 | $720,095,326 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $14,147,137 | $4,970,033 | $2,565,923 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
13 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Massachusetts Institute of Technology ($40,000), South Texas Electric Coop Inc ($25,000), Opportunity Plan Inc ($6,000).
| Recipient | Purpose | Amount |
|---|---|---|
| OPPORTUNITY PLAN INC CANYON, TX | SCHOLARSHIPS | $6,000 |
| MASSACHUSETTS INSTITUTE OF TECHNOLOGY CAMBRIDGE, MA | RESEARCH SCHOLARSHIPS | $40,000 |
| AMARILLO AREA FOUNDATION AMARILLO, TX | TO ASSIST IN FUNDING CHARITABLE ORGANIZATIONS AND PROGRAMS SUPPORTED BY THE FOUNDATION | $5,350 |
| SOUTH TEXAS ELECTRIC COOP INC NURSERY, TX | 2024 DONATION | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ALBERT DANIEL | DIRECTOR | 4.9 | $49,098 |
| ANDREW KEITH HICKS | DIRECTOR | 4 | $42,718 |
| BEN FRANKLIN | DIRECTOR | 4.2 | $36,609 |
| BENNY DEAN NIXON | DIRECTOR | 3.8 | $27,099 |
| BRENT LEE MCMILLIAN | DIRECTOR | 4.7 | $29,786 |
| CECIL DAVIS | DIRECTOR | 4.1 | $32,645 |
| DALE ANCELL | DIRECTOR | 7.2 | $49,729 |
| DANNY HELMS | DIRECTOR | 4.5 | $38,402 |
| DAVID SELL | DIRECTOR | 7.4 | $43,465 |
| DAVID TIPTON | DIRECTOR | 5 | $36,983 |
| DAVID MCCLAIN | SECRETARY/TREASURER | 7.6 | $41,705 |
| DAVID MARRICLE | DIRECTOR | 6.2 | $43,012 |
| DWAIN STRANGE | DIRECTOR | 3.9 | $24,260 |
| GRACE SUBEALDEA | DIRECTOR | 7.5 | $45,031 |
| GREG HENLEY | VICE CHAIRMAN | 3.8 | $33,960 |
| JEFF COPELAND | DIRECTOR | 4.6 | $34,222 |
| KELLY LANKFORD | CHAIRMAN | 7.1 | $39,117 |
| KEVIN HUMPHREYS | DIRECTOR | 4.1 | $27,068 |
| MARK HEGI | DIRECTOR | 4.5 | $31,526 |
| MICHAEL SOUDER | DIRECTOR | 3.4 | $24,936 |
| PAT JACKSON | DIRECTOR | 3.9 | $30,679 |
| RANDY WHITE | DIRECTOR | 4.6 | $42,367 |
| RANDY MAHANNAH | DIRECTOR | 3.7 | $25,205 |
| RICHARD BLAKE MOORE | DIRECTOR | 4 | $29,556 |
| RYAN BARTLETT | DIRECTOR | 6.2 | $34,918 |
| SHAD MCDANIEL | DIRECTOR | 7.8 | $52,435 |
| SHAWN MARTINEZ | DIRECTOR | 10.4 | $37,096 |
| SYNDA SMITH | DIRECTOR | 6.1 | $26,382 |
| TIMOTHY J BURKHALTER | DIRECTOR | 5.9 | $33,378 |
| VICK CHRISTIAN | DIRECTOR | 5.9 | $35,723 |
| WILLIAM WHITTEN | DIRECTOR | 4.1 | $35,156 |
| ZAC PERKINS | DIRECTOR | 7.3 | $39,549 |
| KARI HOLLANDSWORTH | PRESIDENT & CHIEF EXECUTIVE OFFICER | 45 | $906,358 |
| ROBERT M LOWE | CHIEF FINANCIAL OFFICER & ASST TREASURER | 40 | $391,258 |
| JAMES GUY | GEN COUNSEL & CHIEF LEGAL/COMPLIANCE OFFICER | 50 | $399,068 |
| JOHN EICHELMANN | VP - MEMBER SVCS & POWER DELIVERY | 45 | $392,340 |
| MATTHEW MOORE | VP - COMMERICAL & ASSETS OPERATIONS | 40 | $355,242 |
| MICHAEL WISE | SENIOR VP - REG/MKT STRATEGY | 45 | $352,418 |
| DAVID MARSH | SENIOR PRODUCTION ASSET MANAGER | 38 | $230,467 |
| ROBERT MCMINN | DIRECTOR - POWER DELIVERY | 40 | $257,878 |
| CLIFTON USLETON | EXECUTIVE IT DIRECTOR | 48 | $228,579 |
| BRET YEARY | DIRECTOR - POWER SUPPLY | 42 | $252,828 |
Frequently Asked Questions
How large is Golden Spread Electric Cooperative Inc?
As of 2024, Golden Spread Electric Cooperative Inc holds $1.4B in total assets with $545.2M in annual revenue. It awarded 4 grants totaling $76K in 2024.
Where does Golden Spread Electric Cooperative Inc operate?
Golden Spread Electric Cooperative Inc has awarded grants in Massachusetts, Texas.
What size grants does Golden Spread Electric Cooperative Inc award?
In 2024, Golden Spread Electric Cooperative Inc awarded 4 grants totaling $76K — an average of about $19K per grant, based on its IRS Form 990 filings.
What is Golden Spread Electric Cooperative Inc's EIN?
Golden Spread Electric Cooperative Inc's EIN (Employer Identification Number) is 75-1941060. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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