Overview
What is Adams Electric Cooperative Inc?
Adams Electric Cooperative Inc, located in Gettsburg, Pennsylvania, is a nonprofit organization dedicated to delivering electricity to its members. With a team of 82 employees, the cooperative prioritizes the safe and efficient distribution of electricity. The organization's primary operations include the purchase of power, benefits paid to members, and employee salaries and wages. These three areas account for significant expenses within the organization. Adams Electric Cooperative's mission is to ensure reliable electricity access for its members, enhancing their daily lives and contributing to the overall community.
Official website here: www.adamsec.coop
Is Adams Electric Cooperative Inc legitimate?
Adams Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Adams 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $1,074,439
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,167,294
For more financial information, click here
What is the mission statement of Adams Electric Cooperative Inc?
Adams Electric Cooperative Inc is dedicated to ensuring the safe and reliable delivery of electricity to its members. The cooperative's primary focus lies in providing an effective electric service to its community. The organization's most significant program areas, as determined by expenses, include the cost of power, benefits paid to members, and salaries and wages. By investing in power sourcing and maintaining a dedicated workforce, Adams Electric Cooperative Inc ensures a consistent electricity supply to its members. Its commitment extends beyond just power distribution, as it also provides essential benefits to its community.
Official website here: www.adamsec.coop
Who is the CEO of Adams Electric Cooperative Inc?
Thomas J Knaub is the Ceo / Gm of Adams Electric Cooperative Inc. The CEO's salary of Adams Electric Cooperative Inc is $511,763 and their total compensation is $671,863.
Official website here: www.adamsec.coop
What is the revenue of Adams Electric Cooperative Inc?
Adams Electric Cooperative Inc's revenue in 2022 was $72,052,590.
Official website here: www.adamsec.coop
Who are the executives of Adams Electric Cooperative Inc and what are their salaries?
The average compensation at Adams Electric Cooperative Inc during 2022 was $112,704. There are 82 employees at Adams Electric Cooperative Inc.
Here are 17 key members and their salaries (Adams Electric Cooperative Inc's CEO's salary is $511,763 and their total compensation is $671,863):
- Steven Rasmussen (Ceo / Gm)
- Mike Feathers (Manager Oper)
- Jeffery Turner (Mgr Eng/Mech)
- James Chiaruttini (Mgr Legal Se)
- Chad Thoman (Mgr Eng/Elec)
- Kyle Smith (Mgr Info Tec)
- Lynn Wallas (Consulting)
- Michael Johnson (Manager Safe)
- Glenn E Bange (President) [Trustee/Director]
- Thomas J Knaub (Treasurer) [Trustee/Director]
- Jay E Grove (Director)
- S Eugene Herritt (Director)
- Dale E Myers (Secretary) [Trustee/Director]
- David A Frey (Director)
- Nadine M Hubner (Vice Preside) [Trustee/Director]
- Ray Schwartz (Director)
- Jay Herman (Director)
Official website here: www.adamsec.coop
Where can I find the form 990 for Adams Electric Cooperative Inc?
The Adams Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.adamsec.coop
Learn more at the official website: www.adamsec.coop
Mission Statement of Adams Electric Cooperative Inc
Adams Electric Cooperative Inc is dedicated to ensuring the safe and reliable delivery of electricity to its members. This nonprofit organization prioritizes the provision of effective electric services to its community.
The core activity of Adams Electric Cooperative Inc revolves around the sale and distribution of electricity to its members. Among its major programs, the organization spends the most on purchasing power to ensure a consistent electricity supply. Furthermore, a significant portion of its budget goes towards compensating its staff, with salaries and wages amounting to a substantial sum.
Adams Electric Cooperative Inc's mission is to maintain a dependable electric infrastructure for its members. By focusing on safety and efficiency, the cooperative strives to provide an uninterrupted power source to the households and businesses it serves. The organization's commitment to its members is evident in its financial investments, with a substantial portion of its expenses dedicated to the cost of power and the well-being of its workforce.
Impact
This information is meant to be a general summary of Adams Electric Cooperative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Adams Electric Cooperative Inc plays a crucial role in providing safe and effective distribution of electricity to its members. By focusing on the sale and distribution of electricity, Adams Electric Cooperative ensures that its members have access to essential energy resources. This not only contributes to the well-being and comfort of individuals and communities but also supports economic activities and growth. Additionally, Adams Electric Cooperative's commitment to serving its members helps to enhance the overall quality of life in the communities it serves.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES OF ELECTRICITY
Revenue
$69,500,109
CONTRIB. IN AID OF CONSTR
Revenue
$746,847
PATRONAGE ALLOC. RECEIPTS
Revenue
$237,666
Organization Details
Founding Year
1941
Phone
(717) 334-9211
Principal Officer
Thomas J Knaub
Main Address
1338 BIGLERVILLE ROAD, GETTYSBURG, PA, 173251055
Website
www.adamsec.coop
NTEE Category
Code: W80 - Public benefit
If you are a representative of Adams 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.