2025-05-14T13:17:24-05:00 2024-12-31 610420207 JONES NALE & MATTINGLY PLC 401 WEST MAIN STREET SUITE 1100 LOUISVILLE KY 40202 990 2024-01-01 610447602 GRAYSON RURAL ELECTRIC COOPERATIVE CORPORATION GRAY 6064745136 109 BAGBY PARK GRAYSON KY 41143 BRADLEY CHERRY PRESIDENT & CEO 6064745136 2025-05-14 1 1 TRAVIS C FRICK P01728213 5025830248 2024 2025-03-06 01:10:19Z BRADLEY CHERRY 109 BAGBY PARK GRAYSON KY 41143 40090097 0 X WWW.GRAYSONRECC.COM X 1950 KY PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 15,597 CUSTOMERS PER MONTH. 5 5 41 0 0 0 0 205186 39388755 38553800 412515 363020 1253095 961270 41054365 40083276 10000 10000 1072245 1082856 6011133 6252552 0 0 0 33960987 32737868 41054365 40083276 0 0 92629124 90678862 52319970 49532404 40309154 41146458 PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 15,597 CUSTOMERS PER MONTH. 0 0 40083276 10000 38894720 PROVIDE ELECTRIC SERVICE TO MEMBER OWNERS ON A PATRONAGE BASIS. SERVE AN AVERAGE OF APPROXIMATELY 15,597 CUSTOMERS PER MONTH. 40083276 0 1 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 17 0 1 41 1 0 0 0 0 0 0 0 0 0 38531392 907113 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 0 1 0 0 1 1 1 0 X X SHERRY BUCKLER MANAGER OF ACCOUNTING & HUMAN RESOURCES 6064745136 109 BAGBY PARK GRAYSON KY 41143 JIM BENTLEY VICE CHAIRMAN 1.06 X X 10800 0 0 DANNY MABRY DIRECTOR 2.54 X 13800 0 0 HAROLD DUPUY CHAIRMAN 2.25 X X 11800 0 0 JIMMY WHITT DIRECTOR 3.54 X 12400 0 0 KAYLA WEBB SECRETARY/TREASURER 2.46 X X 12800 0 0 TONYA SLONE DIRECTOR 0.88 X 10000 0 0 BRADLEY CHERRY PRESIDENT/CEO 40.00 X 128228 0 65793 SHERRY BUCKLER MANAGER OF ACCOUNTING & HR 40.00 X 88109 0 51949 RYAN RICE CONSTRUCTION LEADMAN 40.00 X 120046 0 52405 CHRISTOPHER MOSIER MAINTENANCE LEADMAN 40.00 X 141191 0 40857 MICHAEL R BLEVINS MAINTENANCE LEADMAN 40.00 X 126919 0 51937 JAMES WITHROW MAINTENANCE LEADMAN 40.00 X 128397 0 51784 JASON PORTER MAINTENANCE LEADMAN 40.00 X 120814 0 51784 925304 0 366509 14 0 1 0 WA KENDALL & CO INC 2736 MEADOW CHURCH ROAD SUITE 200 DULUTH GA 30097 ROW CLEARING 1763199 5 STAR ELECTRIC LLC 14201 CALIBER DRIVE SUITE 300 OKLAHOMA CITY OK 73134 ELECTRIC CONTRACTOR 991095 SMITH TREE SERVICE 220 SWINT HOLLOW GREENUP KY 41144 ROW CLEARING 391693 3 205186 205186 PROVIDE ELECTRIC SERVICE 221000 38531392 38531392 OTHER ELECTRIC SERVICES 221000 22408 22408 38553800 340020 340020 5400 6821 -1421 -1421 -1421 23000 0 23000 23000 23000 JOINT USE RENTS 221000 644771 644771 PATRONAGE CAP CREDITS 221000 168269 168269 G&T CAPITAL CREDITS 221000 149651 149651 962691 40083276 38894720 0 983370 10000 10000 1082856 1082856 199828 199828 3256076 3256076 843939 843939 1685209 1685209 267500 267500 25621 25621 20126 20126 165157 165157 2047946 2047946 4277782 4277782 COST OF POWER 23894455 23894455 DISTRIBUTION - MAINTENA 4378767 4378767 ADMINISTRATIVE AND GENE 1617306 1617306 DISTRIBUTION - OPERATIO 1480971 1480971 -5170263 -5170263 40083276 40083276 0 0 268677 375615 6417000 3650000 5473123 4915284 1315491 1282075 77146 77171 97479562 37693541 58667132 59786021 20037872 20279097 372683 313599 92629124 90678862 2663332 2540100 43950242 41857444 5706396 5134860 52319970 49532404 X 161535 162880 1208473 1218267 38939146 39765311 40309154 41146458 92629124 90678862 X 0 837304 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 232210 232210 1770088 1051810 718278 93940297 36641731 57298566 1536967 1536967 59786021 PROGRAM RELATED INVESTMENTS 20279097 F 20279097 CUSTOMER DEPOSITS 1517515 CONSUMER ADVANCES FOR CONSTRUCTION 187285 ACCUMULATED POSTRETIREMENT BENEFITS 2486130 OTHER CURRENT AND ACCRUED LIABILITIES 732071 OTHER DEFERRED CREDITS 211859 5134860 1 SCHOLARSHIPS 10 10000 FMV X X X 0 0 0 BRADLEY CHERRY PRESIDENT/CEO 128228 0 0 0 0 0 38754 0 27039 0 194021 0 0 0 CHRISTOPHER MOSIER MAINTENANCE LEADMAN 141191 0 0 0 0 0 25148 0 15709 0 182048 0 0 0 JAMES WITHROW MAINTENANCE LEADMAN 128397 0 0 0 0 0 24995 0 26789 0 180181 0 0 0 MICHAEL R BLEVINS MAINTENANCE LEADMAN 126919 0 0 0 0 0 25148 0 26789 0 178856 0 0 0 JASON PORTER MAINTENANCE LEADMAN 120814 0 0 0 0 0 24995 0 26789 0 172598 0 0 0 RYAN RICE CONSTRUCTION LEADMAN 120046 0 0 0 0 0 25605 0 26800 0 172451 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 LINE 6 EXPLANATION - MUST BE A MEMBER TO RECEIVE ELECTRIC SERVICE. EACH MEMBER HAS 1 VOTE. MAY HAVE MORE THAN 1 SERVICE PER MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A LINE 7A EXPLANATION - NOMINATING COMMITTEE MEETS EVERY YEAR THERE IS AN ELECTION TO SELECT A MEMBER TO RUN FOR DIRECTOR. MEMBER MAY RUN FOR DIRECTOR WITH A PETITION SIGNED BY 200 OR MORE QUALIFIED MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B LINE 7B EXPLANATION - ARTICLES OF INCORPORATION CAN ONLY BE CHANGED BY A MAJORITY VOTE OF THE MEMBERSHIP. BYLAWS MAY BE ALTERED, AMENDED, OR REPEALED BY THE BOARD OF DIRECTORS AT ANY REGULAR OR SPECIAL MEETING BY A MAJORITY VOTE. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - DIRECTORS ARE FURNISHED A DRAFT COPY OF THE FORM 990, AND REVIEW IT PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12 DIRECTORS AND KEY EMPLOYEES ANNUALLY COMPLETE A QUESTIONNAIRE ON FAMILY AND BUSINESS RELATIONSHIPS. FORM 990, PART VI, SECTION B, LINE 15 15A. BOARD OF DIRECTORS REVIEW AND APPROVE COMPENSATION FOR KEY EMPLOYEES AND OTHER EMPLOYEES USING DATA PROVIDED BY STATE AND NATIONAL ORGANIZATION SURVEYS OF ELECTRIC COOPERATIVES. 15B. MAJORITY OF COMPENSATION IS NEGOTIATED THROUGH A UNION CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 COPY OF ARTICLES OF INCORPORATION AND BYLAWS ARE GIVEN TO EACH NEW MEMBER. FINANCIAL STATEMENTS ARE PUBLISHED ANNUALLY IN MAGAZINE DISTRIBUTED TO EACH MEMBER. MEETING OF MEMBERS IS HELD ON AN ANNUAL BASIS. FORM 990, PART XI, LINE 9: COMPREHENSIVE INCOME-POSTRETIREMENT BENEFITS -12,102. MARGINS ALLOCATED TO MEMBERS 1,082,856. MEMBERSHIPS ISSUED, NET 1,345. REFUNDS OF CAPITAL CREDITS -214,600. OTHER EQUITIES -20,195. FORM 990, PART IX, LINE 4 FORM 990, PART IX, LINE 4 - BENEFITS PAID TO OR FOR MEMBERS REPRESENTS PATRONAGE CAPITAL ALLOCATED TO MEMBERS IN ACCORDANCE WITH THE BYLAWS OF THE COOPERATIVE. THIS REPORTING RESULTS IN A DIFFERENCE BETWEEN BOOK INCOME AND INCOME REPORTED ON THE FORM 990 BY THE SAME AMOUNT.