Shelby Electric Cooperative
Shelbyville, IL 62565 · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $41,500,292 | $38,565,728 | $58,023,334 |
| FY2023 | $42,327,754 | $39,893,084 | $54,828,157 |
| FY2022 | $38,433,374 | $38,433,374 | $51,897,354 |
| FY2021 | $36,550,827 | $36,550,827 | $48,489,775 |
| FY2020 | $37,473,892 | $37,473,892 | $45,579,152 |
| FY2019 | $37,349,704 | $37,349,704 | $40,638,513 |
| FY2018 | $38,434,600 | $36,712,288 | $37,056,761 |
| FY2017 | $36,581,683 | $33,279,648 | $34,079,291 |
| FY2016 | $35,916,166 | $33,193,333 | $30,745,842 |
| FY2015 | $35,776,046 | $32,677,171 | $27,872,321 |
| FY2014 | $36,071,738 | $33,367,741 | $24,755,422 |
| FY2013 | $33,366,676 | $30,661,477 | $22,332,426 |
| FY2012 | $31,452,270 | $30,778,638 | $19,638,164 |
| FY2011 | $29,326,005 | $30,517,302 | $18,973,535 |
Form 990 filings
The returns filed by Shelby Electric Cooperative (EIN 37-0512347), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $2,934,564 | 7% |
| Program service revenue | $38,503,810 | 93% |
What the numbers show
- Program service revenue made up 93% of total revenue in FY2024.
- Net assets covered about 18.1 months of expenses at the end of the reporting year.
- Total revenue rose from $29,326,005 in FY2011 to $41,500,292 in FY2024. Revenue increased in 9 and decreased in 4 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 1 of 14 reported years (FY2011).
- The highest revenue on record here is $42,327,754 in FY2023.
- Net assets grew from $18,973,535 to $58,023,334 between FY2011 and FY2024.
- Contributions and grants made up 0% of revenue in FY2011 and 7% in FY2024.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
To provide reliable electric power and related services to our members at an affordable cost.
IRS status
| Ruling year | 1939 |
| Subsection | 501(c)(12) |
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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