Clark Electric Cooperative

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

EIN: 390212464 ✦ Greenwood, WI ✦ Designated as a 501(c)(12)

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Overview

What is Clark Electric Cooperative?

Clark Electric Cooperative is a nonprofit organization located in Greenwood, Wisconsin. With a team of 29 employees, their mission is to provide safe, reliable, and competitively priced energy and related services to their 9,593 members. In 2022, they sold a substantial amount of electricity, totaling 207,854,739 kWh. The cooperative remains devoted to its members, ensuring they receive essential energy services on a not-for-profit basis.


Official website here: www.cecoop.com

What are the reviews and ratings of this charity?

Clark Electric Cooperative is not currently rated by Charity Navigator. This is primarily because it is not registered as a 501(c)(3) nonprofit, which limits its evaluation under Charity Navigator's typical methodologies for Accountability & Finance, Impact & Measurement, and other criteria. Therefore, the absence of a rating should not be seen as indicative of its performance or reliability.

The organization is recognized as an independent entity, and historical evaluations have largely been based on financial transparency and accountability. However, there is no publicly available data on its total revenue and expenses or the salary of key persons, which are factors normally assessed in such ratings.

In terms of user feedback, there are no reviews available from GreatNonprofits. While additional qualitative insights are unavailable, the lack of reviews again does not positively or negatively reflect the organization’s quality or effectiveness.


This AI summary has been generated from information found on Charity Navigator.

Is Clark Electric Cooperative legitimate?

Clark Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Clark 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: $366,672
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.cecoop.com

What is the mission statement of Clark Electric Cooperative?

Clark Electric Cooperative is dedicated to supplying its members with safe, dependable, and competitively priced electricity and related services. Through its mission, the cooperative works tirelessly to provide electric power to its community of members on a not-for-profit basis. In 2022, the cooperative sold a total of 207,854,739 kilowatt-hours of electricity to over 9,000 members. The cooperative's commitment to its members extends beyond just energy, as it strives to maintain a reliable and efficient power supply, ensuring that the communities it serves have access to consistent and affordable energy solutions.


Official website here: www.cecoop.com

Who is the CEO of Clark Electric Cooperative?

Herman Seebandt is the President of Clark Electric Cooperative. The CEO's salary of Clark Electric Cooperative is $216,673 and their total compensation is $303,298.


Official website here: www.cecoop.com

What is the revenue of Clark Electric Cooperative?

Clark Electric Cooperative's revenue in 2022 was $25,712,386.


Official website here: www.cecoop.com

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

The average compensation at Clark Electric Cooperative during 2022 was $12,644. There are 29 employees at Clark Electric Cooperative.


Here are 13 key members and their salaries (Clark Electric Cooperative's CEO's salary is $216,673 and their total compensation is $303,298):


Herman Seebandt (President)
  • Compensation: $8,950
  • Related: $0
  • Other: $0
James Hager (Director)
  • Compensation: $10,500
  • Related: $0
  • Other: $0
Charles Linder (Secretary/Treasurer)
  • Compensation: $8,400
  • Related: $0
  • Other: $0
Scott Johnson (Director)
  • Compensation: $8,925
  • Related: $0
  • Other: $0
Allen Jicinsky (Vice-President)
  • Compensation: $8,750
  • Related: $0
  • Other: $0
Marvin Verkuilen (Director)
  • Compensation: $9,100
  • Related: $0
  • Other: $0
Thomas Odeen (Director)
  • Compensation: $8,750
  • Related: $0
  • Other: $0
Timothy E Stewart (Ceo/General Manager)
  • Compensation: $216,673
  • Related: $0
  • Other: $86,625
Michael A Ruff (Director Of Operations)
  • Compensation: $127,999
  • Related: $0
  • Other: $62,619
Kent Weigel (Line Superintendent)
  • Compensation: $107,223
  • Related: $0
  • Other: $57,002
Kole Hinker (Lineman)
  • Compensation: $107,328
  • Related: $0
  • Other: $28,999
Scott Bailen (Lineman)
  • Compensation: $101,845
  • Related: $0
  • Other: $40,989
Jared Jensen (Lineman)
  • Compensation: $102,346
  • Related: $0
  • Other: $40,960


Official website here: www.cecoop.com

Where can I find the form 990 for Clark Electric Cooperative?

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


Official website here: www.cecoop.com

Learn more at the official website: www.cecoop.com

Mission Statement of Clark Electric Cooperative

Clark Electric Cooperative, a not-for-profit organization, is dedicated to providing safe, reliable, and competitively priced energy and related services to its members. The cooperative's primary mission is to offer electric power and essential services, ensuring a consistent energy supply for its 9,593 members. In the pursuit of this goal, Clark Electric Cooperative sold an impressive 207,854,739 kilowatt-hours of electricity during the year 2022.

The cooperative's commitment to its members extends beyond just electricity provision. It strives to maintain a dependable energy supply and deliver services at competitive prices, all while operating on a not-for-profit basis. Clark Electric Cooperative's unwavering dedication to its members is a testament to its mission of ensuring access to essential energy services for all.

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Impact




October, 2024

Clark Electric Cooperative makes a significant impact by providing safe, reliable, and competitively priced energy and related services to its members. In 2022, the cooperative sold over 207 million kilowatt-hours of electricity to 9,593 members, ensuring consistent access to power within the community. This commitment to delivering quality energy services contributes to the overall well-being of the residents in Greenwood, Wisconsin, supporting both everyday needs and local economic activities. By focusing on member benefits rather than profit, Clark Electric Cooperative fosters a sense of community and promotes sustainable energy practices that align with the needs of its members.




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

Revenue
$25,712,386 (2022)
Expenses
$25,480,390 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $91,498
  • Program Service Revenue: $24,891,499
  • Gross Receipts: $25,723,889

Assets and Liabilities:

  • Total Assets: $60,830,685
  • Total Liabilities: $20,469,546
  • Net Assets: $40,361,139

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Programs

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

SALE OF POWER

Revenue

$24,840,499

POLE CONTRACTS

Revenue

$51,000

Organization Details

Founding Year

1937

Principal Officer

Herman Seebandt

Main Address

1209 WEST DALL-BERG ROAD, GREENWOOD, WI, 54437

NTEE Category

Code: W80 - Public benefit

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