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Filing year 2023

Shelby Electric Cooperative

Shelbyville, Illinois·EIN 37-0512347·501(c)(12)
Total revenue
$42.3M
Total assets
$83.7M
Total expenses
$39.9M
Reported officers
16
Mission

To provide reliable electric power and related services to our members at an affordable cost.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 16 reported individuals · Filing year 2023

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

CEO
Above 90th percentile
$388k
$429k
Base
$287k
Bonus
Other
Benefits
$23k
Operations
Highest Compensated Employee
Median to 75th percentile
$204k
$225k
Base
$129k
Bonus
Other
Benefits
$21k
Operations
Highest Compensated Employee
Median to 75th percentile
$196k
$216k
Base
$135k
Bonus
Other
Benefits
$21k
Operations
Highest Compensated Employee
Median to 75th percentile
$186k
$206k
Base
$132k
Bonus
Other
Benefits
$21k
COO
Median to 75th percentile
$172k
$189k
Base
$145k
Bonus
Other
Benefits
$22k
Operations
Highest Compensated Employee
25th percentile to median
$161k
$178k
Base
$135k
Bonus
Other
Benefits
$22k
Director
Board Member
25th percentile to median
$12k
$13k
Director
Board Member
25th percentile to median
$7k
$8k
Director
Board Member
25th percentile to median
$6k
$7k
Director
Board Member
25th percentile to median
$5k
$6k
Director
Board Member
10th to 25th percentile
$4k
$4k
Director
Board Member
10th to 25th percentile
$4k
$4k
Director
Board Member
10th to 25th percentile
$4k
$4k
Director
Board Member
10th to 25th percentile
$2k
$2k
Director
Board Member
10th to 25th percentile
$2k
$2k
Director
Board Member
10th to 25th percentile
$2k
$2k

Teal figures restate each filed amount in 2026 dollars.

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

FAQ

Common questions about Shelby Electric Cooperative

What does the Chief Executive Officer of Shelby Electric Cooperative earn?

In 2023, the Chief Executive Officer of Shelby Electric Cooperative received $388,409 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at Shelby Electric Cooperative compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at Shelby Electric Cooperative falls in the top 10%.

What are Shelby Electric Cooperative's revenue and expenses?

In 2023, Shelby Electric Cooperative reported $42.3M in total revenue and $39.9M in total expenses on its IRS Form 990.

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