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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Mutual & Membership Benefit Blue Grass Energy Cooperative Corp.

Blue Grass Energy Cooperative Corp.

Fiscal year ending 2022. Filed on October 16, 2023.

PO Box 990
Nicholasville, Kentucky 40340

Blue Grass Energy Cooperative Corp. (EIN: 43-1948188) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2022 IRS Form 990 filing, Blue Grass Energy Cooperative Corp., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 8 out of 104 total employees. Among the employees shown here, the average compensation is $257,148. The highest compensated employee at Blue Grass Energy Cooperative Corp. is Michael Williams with fiscal year 2022 compensation of $969,739.

Revenue, expenses, and employee compensation

Revenue

$163,075,358

Expenses

$163,075,358

Employee compensation

$12,088,858
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Michael Williams
President and Chief Executive Officer
$969,739
$865,080 No related comp$104,659
Charles G Williamson III
Chief Financial Officer
$234,687
$179,985 No related comp$54,702
Denise Myers
Vice President, Community Relations
$185,076
$130,533 No related comp$54,543
Bobby McCoun
Vice President, Member Services
$184,629
$131,344 No related comp$53,285
Beonka Stockton
Vice President, Administration
$162,309
$145,253 No related comp$17,056
Wesley Wade
First Class LINE TECH
$152,599
$137,263 No related comp$15,336
Kenneth Searcy
Manager Operations
$152,080
$136,234 No related comp$15,846
Brad Marshall
Former Director
$16,068
$16,068 No related compNo other comp

Benchmark Employee Compensation

Non-Employee Board Members

Dennis Moneyhon
Chair
$23,400
$23,400 No related compNo other comp
Richard Cobb IV
Director
$21,900
$21,900 No related compNo other comp
Gary Keller
Vice Chair
$21,600
$21,600 No related compNo other comp
Jane Smith
Secretary and Treasurer
$21,600
$21,600 No related compNo other comp
Paul Tucker
Director
$21,600
$21,600 No related compNo other comp
Doug Fritz
Director
$20,100
$20,100 No related compNo other comp
Lu Young
Director
$18,900
$18,900 No related compNo other comp
Jody Hughes
Director
$17,700
$17,700 No related compNo other comp

Contractors

Wright Tree Service
Right of Way Maintenance
$2,342,328
The Davey Tree Expert
Right of Way Maintenance
$1,855,111
Southeast Power Corp.
Line Construction and Repair
$1,799,499
WA Kendall & Co Inc
Right of Way Maintenance
$1,273,268
Davis H Elliott CO
Line Construction and Repair
$694,453

Mission Statement

SINCE 1937, BLUE GRASS ENERGY HAS BEEN MAKING LIFE BETTER, THE COOPERATIVE WAY, FOR OUR MEMBERS AND COMMUNITIES BY PROVIDING SAFE, RELIABLE, AND AFFORDABLE ENERGY SERVICES. ELECTRICITY IS DELIVERED ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. TODAY, BLUE GRASS ENERGY SERVES APPROXIMATELY 64,000 CONSUMERS IN 23 KENTUCKY COUNTIES.

Revisions to this organization profile

April 30, 2025:
2024 Blue Grass Energy Cooperative Corp. 990 filed
May 1, 2024:
2023 Blue Grass Energy Cooperative Corp. 990 filed
October 16, 2023:
2022 Blue Grass Energy Cooperative Corp. 990 filed

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