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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 Greenbelt Electric Cooperative Inc.

Greenbelt Electric Cooperative Inc.

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

PO Box 948
Wellington, Texas 79095

Greenbelt Electric Cooperative Inc. (EIN: 75-0304276) has filed an IRS Form 990 between fiscal years 2016 and 2024. In its fiscal year 2022 IRS Form 990 filing, Greenbelt Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 7 out of 41 total employees. Among the employees shown here, the average compensation is $187,828. The highest compensated employee at Greenbelt Electric Cooperative Inc. is Randy White with fiscal year 2022 compensation of $308,700.

Revenue, expenses, and employee compensation

Revenue

$27,737,736

Expenses

$27,749,657

Employee compensation

$3,413,175
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Randy White
Chief Executive Officer and General Manager
$308,700
$185,535 No related comp$123,165
Ricky Bond
Operations Manager
$207,787
$133,698 No related comp$74,089
Debra Belew
Office Manager (Jan-Oct)
$191,566
$179,795 No related comp$11,771
Mark Lemons
Engineer
$175,888
$121,710 No related comp$54,178
James Johnson
AREA Serviceman
$155,963
$111,573 No related comp$44,390
Carly Ward
Chief Financial Officer
$139,876
$111,767 No related comp$28,109
Stan McClendon
General Manager (Jan)
$135,013
$134,131 No related comp$882

Benchmark Employee Compensation

Non-Employee Board Members

Michael Souder
President
$32,807
$32,807 No related compNo other comp
Jimmie Taylor
Director
$32,799
$32,799 No related compNo other comp
Steve Mathews
Secretary and Treasurer
$31,057
$31,057 No related compNo other comp
Stan Shelton
Vice President
$31,057
$31,057 No related compNo other comp
Billy Conner
Director
$31,049
$31,049 No related compNo other comp
Carson Bird
Director (Jan-Oct)
$24,924
$24,924 No related compNo other comp
James W Batton
President (Jan-June)
$14,874
$14,874 No related compNo other comp
Stephen Martin
Director (July-Dec)
$9,042
$9,042 No related compNo other comp
Brett Buckingham
Director (Dec)
No compensation reported

Contractors

Asplundh Tree Expert LLC
Tree Trimming/Maintenance
$209,960

Mission Statement

THE COOPERATIVE'S RESPONSIBILITY AND AIM IS TO PROVIDE EXCELLENT AND INNOVATIVE CUSTOMER SERVICE AS REFLECTED IN TOP QUALITY ELECTRIC SERVICE RELIABILITY, AFFORDABLE RATES, EMPLOYEE TEAMWORK AND THE HIGHEST DEGREE OF INTEGRITY IN ALL COOPERATIVE ENDEAVORS.

Revisions to this organization profile

November 10, 2025:
2024 Greenbelt Electric Cooperative Inc. 990 filed
November 16, 2023:
2022 Greenbelt Electric Cooperative Inc. 990 filed
October 28, 2022:
2021 Greenbelt Electric Cooperative Inc. 990 filed

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