Overview
What is Otsego Electric Cooperative Inc?
Otsego Electric Cooperative Inc is a New York-based nonprofit organization located in Hartwick, PO Box 128. They serve approximately 4,880 customers across 781 miles of distribution lines. The cooperative's mission is dedicated to enhancing the quality of life for its members and local communities by offering cost-effective, dependable energy and broadband solutions. Through cooperative principles, they allocate patronage capital to all customers purchasing their services. Otsego Electric Cooperative, Inc. employs 26 individuals, reinforcing their commitment to providing essential energy services.
Official website here: www.otsegoec.coop
What do the Facebook reviews say about Otsego Electric Cooperative Inc?
78% of 16 reviewers on Facebook recommend Otsego Electric Cooperative Inc. Here is a summary of their reviews:
Many long-time members express appreciation for the cooperative, highlighting their friendly and accommodating customer service. One member, with 35 years of affiliation, notes that while there have been occasional power outages, the overall experience has been positive and the organization is responsive when assistance is needed.
Overall, it appears that the cooperative is recognized for its commitment to serving its members effectively, fostering a sense of reliability and community among its patrons.
This AI summary has been generated from reviews found on Facebook.
Is Otsego Electric Cooperative Inc legitimate?
Otsego Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Otsego 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: $425,555
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,295,812
For more financial information, click here
Official website here: www.otsegoec.coop
What is the mission statement of Otsego Electric Cooperative Inc?
Otsego Electric Cooperative Inc is dedicated to enhancing the lives of its members and communities. Its primary objective is to deliver affordable, safe, and dependable energy and broadband solutions. The cooperative works to achieve this mission by offering electric service on a cooperative basis, with all customers contributing to the improvement of the utility through patronage capital. The cooperative serves approximately 4,880 customers over 781 miles of distribution lines.
Official website here: www.otsegoec.coop
Who is the CEO of Otsego Electric Cooperative Inc?
Timothy R Johnson is the Ceo/Counsel of Otsego Electric Cooperative Inc. The CEO's salary of Otsego Electric Cooperative Inc is $185,897 and their total compensation is $244,583.
Official website here: www.otsegoec.coop
What is the revenue of Otsego Electric Cooperative Inc?
Otsego Electric Cooperative Inc's revenue in 2022 was $12,788,571.
Official website here: www.otsegoec.coop
Who are the executives of Otsego Electric Cooperative Inc and what are their salaries?
The average compensation at Otsego Electric Cooperative Inc during 2022 was $66,206. There are 26 employees at Otsego Electric Cooperative Inc.
Here are 14 key members and their salaries (Otsego Electric Cooperative Inc's CEO's salary is $185,897 and their total compensation is $244,583):
- Compensation: $185,897
- Related: $0
- Other: $58,686
- Compensation: $138,726
- Related: $0
- Other: $85,759
- Compensation: $130,652
- Related: $0
- Other: $80,550
- Compensation: $135,690
- Related: $0
- Other: $46,963
- Compensation: $115,875
- Related: $0
- Other: $62,764
- Compensation: $100,807
- Related: $0
- Other: $73,208
- Compensation: $97,510
- Related: $0
- Other: $34,617
- Compensation: $10,717
- Related: $0
- Other: $0
- Compensation: $8,744
- Related: $0
- Other: $0
- Compensation: $7,844
- Related: $0
- Other: $0
- Compensation: $6,444
- Related: $0
- Other: $0
- Compensation: $5,310
- Related: $0
- Other: $0
- Compensation: $4,944
- Related: $0
- Other: $0
- Compensation: $4,844
- Related: $0
- Other: $0
Official website here: www.otsegoec.coop
Where can I find the form 990 for Otsego Electric Cooperative Inc?
Otsego Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.otsegoec.coop
Learn more at the official website: www.otsegoec.coop
Mission Statement of Otsego Electric Cooperative Inc
Otsego Electric Cooperative Inc, a mission-driven organization, strives to enhance the livelihoods of its members and communities. Its primary objective is to offer cost-effective, secure, and dependable energy and broadband solutions. By providing these essential services on a cooperative basis, the organization ensures equitable access to all its customers. The collaborative approach allows every consumer purchasing electric service from Otsego Electric Cooperative Inc to contribute to the collective betterment of the community. In the past year, the cooperative successfully provided electric service to approximately 4,880 clients over 781 miles of distribution lines. This achievement underscores the cooperative's commitment to delivering reliable electricity to its members. By allocating patronage capital to all customers, Otsego Electric Cooperative Inc fosters a strong sense of unity and mutual investment that sets it apart from traditional energy providers.
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Impact
October, 2024
Otsego Electric Cooperative Inc significantly enhances the quality of life for its members and the surrounding communities through its dedicated provision of energy and broadband services. By delivering electric service to 4,880 customers over 781 miles of distribution line, the cooperative ensures that its members receive cost-competitive, safe, and reliable energy solutions. This commitment to service not only supports individual households but also bolsters community development and economic growth in the region.
Through a cooperative model, Otsego Electric allocates patronage capital to its customers, reinforcing a sense of community and shared ownership. This approach allows for reinvestment into system improvements and infrastructure, further enhancing reliability and service quality. Additionally, as a provider of broadband solutions, Otsego Electric aids in bridging the digital divide, ensuring that residents have access to essential connectivity that supports education, business, and everyday communication.
Overall, Otsego Electric Cooperative Inc plays a vital role in fostering a sustainable and thriving environment for its members, impacting both their immediate needs and the long-term vitality of the communities it serves.
This information is meant to be a general summary of Otsego 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: $12,498
- Program Service Revenue: $12,776,073
- Gross Receipts: $12,788,571
Assets and Liabilities:
- Total Assets: $49,086,255
- Total Liabilities: $35,157,782
- Net Assets: $13,928,473
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRIBUTION IN AID
Revenue
$210,173
ELECTRIC SERVICE REVENUE
Revenue
$7,399,400
FIBER OPTIC BROADBAND
Revenue
$3,929,093
NYS FTTH GRANT
Revenue
$437,772
RESALE UTILITY CONTRACT
Revenue
$593,377
Organization Details
Founding Year
1941
Phone
(607) 293-6622Principal Officer
Timothy R Johnson
Main Address
PO BOX 128, HARTWICK, NY, 13348
Website
www.otsegoec.coopIf you are a representative of Otsego Electric Cooperative Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.