Jackson Purchase Energy Corporation
501(c)(12)
100% goes to programs Strong reserves Growing revenue
Jackson Purchase Energy Corporation is a 501(c)(12) organization based in Paducah, Kentucky, registered in 1939, with $98,068,015 in FY2024 revenue. CharityIndex grades it A+, and it directs about 100% of spending to programs.
6525 Us Highway 60 W, Paducah, KY, 42001 EIN 61-0236522 Since 1939
Revenue (FY2024)
$98.1M
▲ 6.4% vs prior year
Expenses (FY2024)
$98.1M
Net assets
$54.1M
Employees
79
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating100% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Jackson Purchase Energy Corporation: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating7 mo reserves · +0% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Jackson Purchase Energy Corporation: 7 mo reserves · +0% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Jackson Purchase Energy Corporation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Jackson Purchase Energy Corporation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Distribution sales of electricity to approximately 30,708 member owners on a patronage basis.
Contact & location
Financial trends
Revenue grew from $54.7M (FY2013) to $98.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $111.4MNet assets $54.1M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$165.5M
Total liabilities
$111.4M
Net assets
$54.1M
Salaries & benefits
$10.5M
11% of expenses
Board members
8
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $98,068,015▲6.4% | $98,068,015▲6.4% | $54,137,889▲4.3% | $165,528,722▲4.6% | 990 |
| 2023 | $92,170,058▼7.3% | $92,170,058▼7.3% | $51,886,441▲3.2% | $158,268,629▲1.0% | 990 |
| 2022 | $99,427,396▲46.1% | $99,427,396▲46.1% | $50,286,522▼0.2% | $156,746,077▲9.2% | 990 |
| 2021 | $68,055,935▲1.2% | $68,055,935▲1.2% | $50,384,711▼2.4% | $143,576,646▲9.2% | 990 |
| 2020 | $67,226,411▼5.3% | $67,226,411▼5.3% | $51,639,487▲2.2% | $131,470,534▲16.1% | 990 |
| 2019 | $70,977,280▼5.5% | $70,977,280▼5.5% | $50,510,502▲2.4% | $113,283,833▲0.1% | 990 |
| 2018 | $75,116,372▲4.9% | $75,116,372▲4.9% | $49,316,660▲2.3% | $113,178,036▲1.3% | 990 |
| 2017 | $71,582,243▲6.1% | $71,582,243▲6.1% | $48,201,481▲2.0% | $111,729,357▼1.3% | 990 |
| 2016 | $67,466,526▲8.3% | $67,466,526▲8.3% | $47,247,853▲2.0% | $113,156,567▲1.0% | 990 |
| 2015 | $62,281,965▲0.2% | $62,281,965▲0.2% | $46,305,893▲4.1% | $112,013,908▼1.1% | 990 |
| 2014 | $62,136,686▲13.6% | $62,136,686▲13.6% | $44,480,363▲3.9% | $113,303,434 | 990 |
| 2013 | $54,692,289 | $54,692,289▲12.9% | $42,820,797▲6.6% | $113,319,434▲1.5% | 990 |
| 2012 | — | $48,438,751▲5.5% | $40,168,009▲2.8% | $111,639,959▲4.2% | 990 |
| 2011 | — | $45,900,758▲5.1% | $39,063,257▼3.6% | $107,147,666▼0.9% | 990 |
| 2010 | — | $43,662,798 | $40,519,767 | $108,140,966 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Greg Grissom — $361,523 (0.37% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Greg Grissom | President & Ceo | 50 | $361,523 |
| Ward Morgan | Vp of Operations & Technical Services | 50 | $172,591 |
| Michael Washam | Crew Leader | 54 | $160,966 |
| James Todd | Crew Leader | 53 | $157,902 |
| Terry Doublin | Crew Leader | 53 | $155,733 |
| Kenny Harper | Crew Leader | 53 | $154,894 |
| Tyler Richardson | Line Technician | 59 | $153,761 |
| Meredith Kendall | Vp, Accounting & Finance | 50 | $151,732 |
| Erick Harris | Chairman | 7.5 | $10,400 |
| Lee Bearden | Director | 7.5 | $10,250 |
| David Brown | Director | 7.5 | $9,850 |
| Jack Marshall | Vice Chairman | 7.5 | $8,225 |
| Joshua Barnes | Director | 7.5 | $8,225 |
| Terry Teitloff | Director | 7.5 | $8,225 |
| Kevin Bell | Director | 7.5 | $7,800 |
| Wayne Elliott | Secretary/treasurer | 7.5 | $7,800 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Townsend Tree Service | Row Clearing | $3,125,973 |
| Groves Construction | Construction | $1,727,952 |
| Quality Resources LLC | Meter Inspections | $553,306 |
| Asplundh Tree Expert | Tree Trimming | $236,487 |
| 5 Star Electric | Construction | $209,813 |
Frequently asked questions
- Is Jackson Purchase Energy Corporation a legitimate nonprofit?
- Yes. Jackson Purchase Energy Corporation is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 61-0236522, based in Paducah, Kentucky.
- What is Jackson Purchase Energy Corporation's EIN?
- Jackson Purchase Energy Corporation's Employer Identification Number (EIN) is 61-0236522.
- How much revenue does Jackson Purchase Energy Corporation report?
- Jackson Purchase Energy Corporation reported $98,068,015 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Jackson Purchase Energy Corporation's spending goes to programs?
- Jackson Purchase Energy Corporation spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Jackson Purchase Energy Corporation have?
- CharityIndex grades Jackson Purchase Energy Corporation A+, based on program efficiency and fundraising cost.
- How much does Jackson Purchase Energy Corporation's highest-paid employee make?
- The highest reported compensation on Jackson Purchase Energy Corporation's latest Form 990 is $361,523, paid to Greg Grissom (President & Ceo).
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Data for Jackson Purchase Energy Corporation (EIN 61-0236522) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.