Washington Electric Cooperative Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 030165895 ✦ East montpelier, VT ✦ Designated as a 501(c)(12)

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Overview

What is Washington Electric Cooperative Inc?

Washington Electric Cooperative Inc, situated in East Montpelier, Vermont, is a nonprofit organization dedicated to providing essential electrical services to its cooperative members. With a workforce of 44 individuals, the cooperative extends its residential and commercial electrical services to the community, ensuring reliable power supply for its members. The organization is committed to enhancing the quality of life in the area by offering dependable electrical services.


Official website here: www.wec.coop

Is Washington Electric Cooperative Inc legitimate?

Washington Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Washington 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: $192,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $837,310

For more financial information, click here


Official website here: www.wec.coop

What is the mission statement of Washington Electric Cooperative Inc?

Washington Electric Cooperative Inc's mission is centered around providing essential electrical services. Specifically, they aim to serve both residential and commercial cooperative members effectively. Their primary objective is to ensure a reliable electrical service, catering to the needs of their members. Beyond this, they strive to maintain a commitment to their members, providing them with the necessary electrical support they require. This mission is reflected in their day-to-day activities, which are primarily focused on delivering electrical service to their cooperative members.


Official website here: www.wec.coop

Who is the CEO of Washington Electric Cooperative Inc?

Louis Porter is the Construction of Washington Electric Cooperative Inc.


Official website here: www.wec.coop

What is the revenue of Washington Electric Cooperative Inc?

Washington Electric Cooperative Inc's revenue in 2022 was $6,953,598.


Official website here: www.wec.coop

Who are the executives of Washington Electric Cooperative Inc and what are their salaries?

The average compensation at Washington Electric Cooperative Inc during 2022 was $23,393. There are 44 employees at Washington Electric Cooperative Inc.


Here are 17 key members and their salaries:


Amos Turner (Construction)
  • Compensation: $158,559
  • Related: $0
  • Other: $52,839
Jason Preston (Maintenance)
  • Compensation: $156,029
  • Related: $0
  • Other: $53,473
Jason Smith (Lineworker)
  • Compensation: $150,027
  • Related: $0
  • Other: $58,031
Donnie Singleton (Lineworker)
  • Compensation: $148,522
  • Related: $0
  • Other: $56,580
Dave Kresock (Dir Of Oper)
  • Compensation: $157,748
  • Related: $0
  • Other: $44,432
Louis Porter (General Mana)
  • Compensation: $158,127
  • Related: $0
  • Other: $4,610
Donald Douglas (Treasurer)
  • Compensation: $6,135
  • Related: $0
  • Other: $0
Steve Knowlton (President (J)
  • Compensation: $4,960
  • Related: $0
  • Other: $0
Roger Fox (Vice Preside)
  • Compensation: $4,470
  • Related: $0
  • Other: $0
Mary Just Skinner (Secretary (J)
  • Compensation: $4,125
  • Related: $0
  • Other: $0
Steve Farnham (Director)
  • Compensation: $3,105
  • Related: $0
  • Other: $0
Elizabeth Allen (Director)
  • Compensation: $2,675
  • Related: $0
  • Other: $0
Susan Alexander (Director)
  • Compensation: $2,530
  • Related: $0
  • Other: $0
Jean Hamilton (Director)
  • Compensation: $2,025
  • Related: $0
  • Other: $0
Barry Bernstein (President (J)
  • Compensation: $1,950
  • Related: $0
  • Other: $0
Richard Rubin (Director)
  • Compensation: $1,950
  • Related: $0
  • Other: $0
Annie Reed (Secretary (J)
  • Compensation: $1,155
  • Related: $0
  • Other: $0


Official website here: www.wec.coop

Where can I find the form 990 for Washington Electric Cooperative Inc?

Washington Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.wec.coop

Learn more at the official website: www.wec.coop

Mission Statement of Washington Electric Cooperative Inc

Washington Electric Cooperative Inc is committed to providing essential electrical services to its cooperative members, both in residential and commercial sectors. Their primary mission is to ensure a reliable and consistent electricity supply to their members, enhancing their daily lives and supporting their businesses. By focusing on this essential service, Washington Electric Cooperative Inc contributes to the well-being and sustainability of its community, fostering a more comfortable and connected living environment.

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Impact




October, 2024

Washington Electric Cooperative Inc plays a vital role in delivering reliable electrical service to both residential and commercial members in East Montpelier, Vermont. By focusing on the needs of its cooperative members, the organization enhances the quality of life in the community, ensuring that homes and businesses have the power necessary for everyday activities and economic growth.

The co-op's commitment to providing consistent and safe electrical service supports local development and sustainability, fostering a sense of community by prioritizing the needs and well-being of its members. Through its efforts, Washington Electric Cooperative Inc contributes significantly to the public benefit by maintaining a stable energy supply that is essential for residents and local businesses alike.




This information is meant to be a general summary of Washington 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.

Revenue
$6,953,598 (2022)
Expenses
$6,953,598 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,213,896
  • Program Service Revenue: $771
  • Gross Receipts: $21,990,339

Assets and Liabilities:

  • Total Assets: $65,420,825
  • Total Liabilities: $39,876,757
  • Net Assets: $25,544,068

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

POWER QUALITY/MERCHANDISING

Revenue

$771

Organization Details

Founding Year

1939

Principal Officer

Louis Porter

Main Address

PO BOX 8, EAST MONTPELIER, VT, 05651

NTEE Category

Code: W80 - Public benefit

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