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Filing year 2024

GREENBELT ELECTRIC COOPERATIVE INC

Wellington, Texas·EIN 75-0304276·501(c)(12)
Total revenue
$21.5M
Total assets
$70.1M
Total expenses
$21.5M
Reported officers
14
Mission

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.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 14 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Ceo/general Manager/exec. VP
Vice President
Above 90th percentile
$343k
$364k
Base
$173k
Bonus
$6k
Other
$6k
Benefits
$26k
Operations Manager
75th to 90th percentile
$206k
$219k
Base
$124k
Bonus
$5k
Other
$14k
Benefits
$14k
Electric Engineer
Highest Compensated Employee
Median to 75th percentile
$174k
$185k
Base
$116k
Bonus
$8k
Other
$12k
Benefits
$14k
Crew Foreman
Highest Compensated Employee
25th percentile to median
$161k
$171k
Base
$100k
Bonus
$960
Other
$11k
Benefits
$14k
Area Serviceman
Highest Compensated Employee
25th percentile to median
$160k
$169k
Base
$108k
Bonus
$2k
Other
$11k
Benefits
$14k
Chief Financial Officer
Median to 75th percentile
$151k
$160k
Base
$109k
Bonus
$6k
Other
$11k
Benefits
$14k
Area Serviceman
Highest Compensated Employee
25th percentile to median
$148k
$157k
Director
Board Member
Median to 75th percentile
$36k
$38k
President
10th to 25th percentile
$35k
$37k
Vice President
25th percentile to median
$33k
$35k
Director
Board Member
Median to 75th percentile
$33k
$35k
Secretary/treasurer
Officer (Unspecified)
$33k
$35k
Director
Board Member
Median to 75th percentile
$33k
$35k
Director
Board Member
10th to 25th percentile
$3k
$3k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Up 5%
from 2023

From $327k in 2023 to $343k in 2024.

$327k
2023
$343k
2024
In today's dollarsEst.
Up 2% in real terms$357k to $364k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Vice President pay rose 917% from 2023 to 2024, while revenue fell 17%.

$34k in 2023 to $343k in 2024.
  • Operations Manager pay rose 2% from 2023 to 2024.
  • Highest Compensated Employee pay rose 6% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

GREENBELT ELECTRIC COOPERATIVE INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$25.9M
$25.8M
2023
$21.5M
$21.5M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about GREENBELT ELECTRIC COOPERATIVE INC

What does the Vice President of GREENBELT ELECTRIC COOPERATIVE INC earn?

In 2024, the Vice President of GREENBELT ELECTRIC COOPERATIVE INC received $343,320 in total compensation. This pay is in the top 10% for Vice President roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Vice President pay at GREENBELT ELECTRIC COOPERATIVE INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Vice President at GREENBELT ELECTRIC COOPERATIVE INC falls in the top 10%.

What are GREENBELT ELECTRIC COOPERATIVE INC's revenue and expenses?

In 2024, GREENBELT ELECTRIC COOPERATIVE INC reported $21.5M in total revenue and $21.5M in total expenses on its IRS Form 990.

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