Overview
What is Vermont Electric Cooperative Inc?
Vermont Electric Cooperative Inc, located at 42 WESCOM ROAD, Johnson, VT, 05656, is a member-owned, not-for-profit electric utility. With a workforce of 114 employees, their mission is to ensure the delivery of safe, dependable, and affordable energy services to approximately 40,480 metered accounts. The cooperative, which generates sales of approximately 462,000 MWhs, is committed to providing essential electric power to its members.
Official website here: www.vermontelectric.coop
Is Vermont Electric Cooperative Inc legitimate?
Vermont Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Vermont Electric Cooperative Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $777,929
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,630,143
For more financial information, click here
Official website here: www.vermontelectric.coop
What is the mission statement of Vermont Electric Cooperative Inc?
Vermont Electric Cooperative Inc is a member-owned not-for-profit utility with a mission to deliver safe, affordable, and dependable energy services to its Member base. The cooperative prioritizes ensuring a consistent electric supply to around 40,480 metered accounts, with annual sales approximating 462,000 MWhs. By keeping energy services accessible and reliable, Vermont Electric Cooperative Inc fosters trust and strong connections with its members.
Official website here: www.vermontelectric.coop
Who is the CEO of Vermont Electric Cooperative Inc?
Rebecca Towne is the Ceo of Vermont Electric Cooperative Inc. The CEO's salary of Vermont Electric Cooperative Inc is $271,629 and their total compensation is $314,703.
Official website here: www.vermontelectric.coop
What is the revenue of Vermont Electric Cooperative Inc?
Vermont Electric Cooperative Inc's revenue in 2022 was $91,765,977.
Official website here: www.vermontelectric.coop
Who are the executives of Vermont Electric Cooperative Inc and what are their salaries?
The average compensation at Vermont Electric Cooperative Inc during 2022 was $82,527. There are 114 employees at Vermont Electric Cooperative Inc.
Here are 21 key members and their salaries (Vermont Electric Cooperative Inc's CEO's salary is $271,629 and their total compensation is $314,703):
- Compensation: $271,629
- Related: $0
- Other: $43,074
- Compensation: $211,564
- Related: $0
- Other: $25,664
- Compensation: $183,226
- Related: $0
- Other: $43,914
- Compensation: $198,070
- Related: $0
- Other: $25,382
- Compensation: $177,744
- Related: $0
- Other: $40,560
- Compensation: $161,741
- Related: $0
- Other: $41,749
- Compensation: $181,625
- Related: $0
- Other: $15,838
- Compensation: $153,740
- Related: $0
- Other: $37,765
- Compensation: $171,138
- Related: $0
- Other: $11,574
- Compensation: $10,285
- Related: $0
- Other: $0
- Compensation: $9,355
- Related: $0
- Other: $16
- Compensation: $9,305
- Related: $0
- Other: $16
- Compensation: $7,850
- Related: $0
- Other: $665
- Compensation: $8,255
- Related: $0
- Other: $16
- Compensation: $8,200
- Related: $0
- Other: $16
- Compensation: $8,105
- Related: $0
- Other: $7
- Compensation: $7,650
- Related: $0
- Other: $16
- Compensation: $7,105
- Related: $0
- Other: $16
- Compensation: $6,905
- Related: $0
- Other: $16
- Compensation: $6,505
- Related: $0
- Other: $16
- Compensation: $6,300
- Related: $0
- Other: $15
Official website here: www.vermontelectric.coop
Where can I find the form 990 for Vermont Electric Cooperative Inc?
Vermont Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vermontelectric.coop
Learn more at the official website: www.vermontelectric.coop
Mission Statement of Vermont Electric Cooperative Inc
Vermont Electric Cooperative Inc, a member-owned not-for-profit utility, is dedicated to delivering safe, affordable, and dependable energy services to its members. The cooperative's mission is to ensure that every household and business within its reach can access electricity that is both reliable and economical. With approximately 40,480 metered accounts and sales of approximately 462,000 MWh's, Vermont Electric Cooperative Inc plays a vital role in powering the daily lives of its community members.
The cooperative's commitment to safety underpins all its operations. By investing in advanced infrastructure and technology, the organization ensures a consistent power supply, minimizing disruptions and safeguarding the well-being of its members. The cooperative's dedication to affordability is demonstrated through its efforts to keep electricity rates at reasonable levels, allowing its members to manage their energy costs effectively. Lastly, Vermont Electric Cooperative Inc's reliability is a testament to its unwavering commitment to its members. By prioritizing maintenance, upgrades, and emergency response, the cooperative strives to prevent power outages and minimize downtime, ensuring a constant flow of electricity for its community.
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Impact
October, 2024
Vermont Electric Cooperative Inc plays a significant role in the region by delivering safe, affordable, and reliable energy services to its members. Serving approximately 40,480 metered accounts, the cooperative ensures that its customers have access to essential electricity, which is vital for daily living and economic activities. With sales reaching around 462,000 megawatt-hours, the cooperative contributes to both the local economy and community welfare by supporting sustainable energy practices. Additionally, by being member-owned, the cooperative emphasizes community involvement and responsiveness to the needs of its members, fostering a strong sense of collaboration and public benefit within the region.
This information is meant to be a general summary of Vermont Electric Cooperative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $6,163,519
- Program Service Revenue: $84,402,458
- Gross Receipts: $91,765,977
Assets and Liabilities:
- Total Assets: $211,565,134
- Total Liabilities: $120,954,986
- Net Assets: $90,610,148
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC OPERATING INCOME
Revenue
$83,940,413
NON-OPERATING INCOME
Revenue
$462,045
Organization Details
Founding Year
1938
Phone
(802) 635-2331Principal Officer
Rebecca Towne
Main Address
42 WESCOM ROAD, JOHNSON, VT, 05656
Website
www.vermontelectric.coopNTEE Category
Code: W80 - Public benefit
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