Overview
What is Allamakee-Clayton Electric Cooperative Inc?
Allamakee-Clayton Electric Cooperative Inc, founded in 1938, is a nonprofit electric utility organization based in Postville, Iowa. With a customer base of over 9,900 individuals, primarily farm and rural residential, in eight counties - Allamakee, Clayton, Fayette, Winneshiek, Chickasaw, Bremer, Delaware, and Dubuque - Allamakee-Clayton Electric Cooperative Inc provides electric power on 2,523 miles of line. The cooperative's mission is to offer safe, reliable, and affordable electric services and related innovations in technology, enhancing the quality of life for its members, partners, and neighbors. With a team of 45 employees, the organization prides itself on maintaining 24-hour around-the-clock electric service and ensuring quality at all times.
Official website here: www.acrec.com
Is Allamakee-Clayton Electric Cooperative Inc legitimate?
Allamakee-Clayton Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Allamakee-Clayton 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: $430,031
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,952,795
For more financial information, click here
What is the mission statement of Allamakee-Clayton Electric Cooperative Inc?
Allamakee-Clayton Electric Cooperative is committed to enhancing the quality of life for its members, partners, and neighbors by providing safe, reliable, and affordable electric services and other innovative solutions. The cooperative, established in 1938, was organized due to investor-owned utilities bypassing rural areas, and now serves over 9,900 customers across eight counties. With 2,523 miles of electric lines, the cooperative focuses on maintaining a customer base that is primarily farm and rural residential and ensures 24-hour around-the-clock electric service. A team of crews is always on hand to ensure quality service for its members.
Official website here: www.acrec.com
Who is the CEO of Allamakee-Clayton Electric Cooperative Inc?
Hollee Mccormick is the President of Allamakee-Clayton Electric Cooperative Inc.
Official website here: www.acrec.com
What is the revenue of Allamakee-Clayton Electric Cooperative Inc?
Allamakee-Clayton Electric Cooperative Inc's revenue in 2022 was $23,456,102.
Official website here: www.acrec.com
Who are the executives of Allamakee-Clayton Electric Cooperative Inc and what are their salaries?
The average compensation at Allamakee-Clayton Electric Cooperative Inc during 2022 was $75,174. There are 45 employees at Allamakee-Clayton Electric Cooperative Inc.
Here are 17 key members and their salaries:
- Hollee Mccormick (Executive Vp & Gen Manager)
- David Decker (Cfo)
- Josh Abbott (Lead Linemen)
- Jason Troendle (Director Of Operations)
- Tim Bauch (Line Superintendent)
- Jack Regan (Line Crew Foreman)
- Nick Dougherty (Lineman)
- Jeffrey Bradley (President) [Trustee/Director]
- Alan Steffens (Director)
- Jerry Keleher (Director)
- Michael Gibbs (Vice President) [Trustee/Director]
- Cynthia Heffern (Secretary) [Trustee/Director]
- Nelson Converse (Director)
- Greg Formanek (Director)
- Roger Arthur (Director)
- Arlyn Fossum (Director (End 09/2022))
- Brice Wood (Director (Begin 09/2022))
Official website here: www.acrec.com
Where can I find the form 990 for Allamakee-Clayton Electric Cooperative Inc?
The Allamakee-Clayton Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.acrec.com
Learn more at the official website: www.acrec.com
Mission Statement of Allamakee-Clayton Electric Cooperative Inc
Allamakee-Clayton Electric Cooperative Inc is a dedicated organization that strives to enhance the quality of life for its members, partners, and neighbors by providing safe, reliable, and affordable electric services and groundbreaking innovations in technology. The cooperative was founded in 1938 by rural Iowa residents who were overlooked by investor-owned utilities due to the region's sparse population.
Today, Allamakee-Clayton Electric Cooperative powers the lives of over 9,900 customers across eight counties, serving a customer base that is predominantly farm and rural residential. The cooperative maintains a commitment to 24-hour around-the-clock electric service, ensuring the uninterrupted delivery of electricity to its members, who rely on it for essential day-to-day activities.
The team at Allamakee-Clayton Electric Cooperative sets itself apart by placing the needs of its customers at the forefront. By dedicating itself to offering safe, dependable, and cost-effective electric services, the organization has earned a reputation as a trusted provider in the community. Additionally, the cooperative stays at the forefront of technological advancements, continually seeking innovative solutions to deliver the best possible electric service to its members.
Impact
This information is meant to be a general summary of Allamakee-Clayton 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
Allamakee-Clayton Electric Cooperative Inc impacts the community by providing safe, reliable, and affordable electric services to over 9,900 customers in rural Iowa. By ensuring 24-hour around-the-clock electric service, the cooperative plays a crucial role in supporting the daily lives and operations of its customer base, which is predominantly farm and rural residential. The organization's commitment to enhancing the quality of life for its members, partners, and neighbors through innovative solutions underscores its dedication to serving the community's energy needs.
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.
ELECTRICITY SALES
Revenue
$21,568,929
OTHER INCOME
Revenue
$1,114,574
COOP CAPITAL CREDITS
Revenue
$616,333
EQUITY INVESTMENTS
Revenue
$34,209
Organization Details
Founding Year
1938
Phone
(563) 864-7611
Principal Officer
Hollee Mccormick
Main Address
PO BOX 715, POSTVILLE, IA, 52162
Website
www.acrec.com
NTEE Category
Code: W80 - Public benefit
If you are a representative of Allamakee-Clayton 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.