Overview
What is Adams Electric Cooperative?
Adams Electric Cooperative is a not-for-profit organization headquartered in Camp Point, Illinois. With a membership base exceeding 8,900, they dedicate their efforts to supplying electric energy to their community on a cooperative basis. Through various programs tailored to this objective, Adams Electric Cooperative strives to deliver reliable electric services to its members. Their mission is rooted in the cooperative model, ensuring access to affordable and sustainable energy solutions for all.
Official website here: www.adamselectric.coop/
What are the reviews and ratings of this charity?
Adams Electric Cooperative is not currently rated by Charity Navigator, primarily because it is not a 501(c)(3) IRS registered nonprofit. Charity Navigator's evaluation criteria largely apply to organizations within this specific tax designation, and as such, Adams Electric Cooperative isn't assessed using metrics like Accountability & Finance or Impact & Measurement.
This lack of a rating does not inherently reflect either positively or negatively on the organization's operations or effectiveness. It simply signifies that the framework used by Charity Navigator to rate nonprofits does not apply to this cooperative due to its independent and non-501(c)(3) status. Further financial data and details like revenue, expenses, and key personnel salaries are unavailable through Charity Navigator.
With no user reviews available on GreatNonprofits, there is limited public insight into stakeholder experiences with Adams Electric Cooperative. In the absence of such feedback, potential donors or interested parties may need to conduct deeper research, possibly reviewing available Forms 990 on the IRS website for a more comprehensive understanding of the cooperative's activities.
This AI summary has been generated from information found on Charity Navigator.
Is Adams Electric Cooperative legitimate?
Adams Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Adams Electric Cooperative 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: $427,802
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.adamselectric.coop/
What is the mission statement of Adams Electric Cooperative?
Adams Electric Cooperative is dedicated to delivering electric energy to its members collaboratively. With a mission rooted in cooperation, the organization serves over 8,900 individuals by providing them with electric service. By focusing on this objective, Adams Electric Cooperative offers various programs to ensure the successful delivery of electric energy to its community. Based in Camp Point, Illinois, the cooperative remains committed to its purpose of supplying electric energy on a cooperative basis.
Official website here: www.adamselectric.coop/
Who is the CEO of Adams Electric Cooperative?
James Thompson is the General Manager of Adams Electric Cooperative.
Official website here: www.adamselectric.coop/
What is the revenue of Adams Electric Cooperative?
Adams Electric Cooperative's revenue in 2022 was $26,550,065.
Official website here: www.adamselectric.coop/
Who are the executives of Adams Electric Cooperative and what are their salaries?
The average compensation at Adams Electric Cooperative during 2022 was $9,723. There are 44 employees at Adams Electric Cooperative.
Here are 16 key members and their salaries:
- Compensation: $233,312
- Related: $0
- Other: $86,689
- Compensation: $124,105
- Related: $0
- Other: $74,047
- Compensation: $116,499
- Related: $0
- Other: $79,944
- Compensation: $115,179
- Related: $0
- Other: $27,695
- Compensation: $114,942
- Related: $0
- Other: $23,535
- Compensation: $114,350
- Related: $0
- Other: $20,878
- Compensation: $110,759
- Related: $0
- Other: $43,789
- Compensation: $4,200
- Related: $0
- Other: $0
- Compensation: $3,600
- Related: $0
- Other: $0
- Compensation: $3,400
- Related: $0
- Other: $0
- Compensation: $3,200
- Related: $0
- Other: $0
- Compensation: $3,200
- Related: $0
- Other: $0
- Compensation: $2,850
- Related: $0
- Other: $0
- Compensation: $2,400
- Related: $0
- Other: $0
- Compensation: $2,400
- Related: $0
- Other: $0
- Compensation: $2,400
- Related: $0
- Other: $0
Official website here: www.adamselectric.coop/
Where can I find the form 990 for Adams Electric Cooperative?
Adams Electric Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.adamselectric.coop/
Learn more at the official website: www.adamselectric.coop/
Mission Statement of Adams Electric Cooperative
Adams Electric Cooperative, a cooperative electrical service provider, is dedicated to bringing electric energy to over 8,900 members in a cooperative manner. With a strong commitment to its mission, this organization supplies electric power to its members through various programs, all centered around the cooperative basis. By delivering electricity in this way, Adams Electric Cooperative creates a sense of unity and collaboration among its members.
At the heart of Adams Electric Cooperative's mission lies the provision of electric energy. By pooling resources and working together, the members of this cooperative can access the electricity they need to power their homes and businesses. The cooperative nature of the organization ensures that its members have a voice in decision-making processes and can contribute to the overall success of the enterprise.
Adams Electric Cooperative's mission transcends simply providing electricity; it seeks to create a sense of community among its members. The cooperative's programs and initiatives are designed to foster cooperation and collaboration. By working together, the members of Adams Electric Cooperative can harness the collective power of their resources and create a more sustainable, connected future. Through its unwavering commitment to its cooperative mission, Adams Electric Cooperative empowers its members to come together and build a brighter future, one powered by electricity.
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Impact
October, 2024
Adams Electric Cooperative significantly impacts the communities it serves, providing electric service to over 8,900 members in and around Camp Point, IL. By operating on a cooperative basis, the organization fosters a sense of community ownership and involvement among its members. This structure enables the cooperative to prioritize the needs and interests of its members, ensuring reliable and affordable energy access.
The cooperative is committed to fulfilling its mission of supplying electric energy, offering various programs designed to enhance service delivery and support its members' needs. By focusing on the well-being of the community, Adams Electric Cooperative plays a vital role in promoting public benefit and contributing to local economic development. Through its initiatives, the cooperative not only meets energy demands but also strengthens community ties and promotes sustainable practices.
This information is meant to be a general summary of Adams Electric Cooperative. 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: $44,418
- Program Service Revenue: $26,505,647
- Gross Receipts: $26,550,065
Assets and Liabilities:
- Total Assets: $65,386,496
- Total Liabilities: $37,673,627
- Net Assets: $27,712,869
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Sales of Energy
Revenue
$25,120,223
Capital Credits
Revenue
$1,173,689
Other Electric Revenues
Revenue
$173,796
Other
Revenue
$37,939
Organization Details
Founding Year
1938
Phone
(217) 593-7701Principal Officer
James Thompson
Main Address
PO Box 247, Camp Point, IL, 623200247
Website
www.adamselectric.coop/NTEE Category
Code: W80 - Public benefit
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