Overview
What is Boone Electric Cooperative?
Boone Electric Cooperative, based in Columbia, Missouri, is a nonprofit organization dedicated to providing electricity to its members and consumers. With a mission to be responsive to their needs, the cooperative strives to offer dependable energy services at the most affordable cost. The cooperative's team, consisting of 106 employees, focuses on ensuring a reliable electric supply to its members, adhering to sound business practices and cooperative principles.
Official website here: www.booneelectric.coop
What are the reviews and ratings of this charity?
Boone Electric Cooperative is not currently rated by Charity Navigator due to its status as an organization not classified as a 501(c)(3) IRS nonprofit. Charity Navigator's evaluation processes, which include accountability and finance, impact and measurement, and other critical performance metrics, require IRS registration under 501(c)(3), which Boone Electric doesn't meet. Thus, typical assessments regarding financial transparency or effectiveness are unavailable for this cooperative.
The organization's designation affects its ability to be rated traditionally, as Charity Navigator relies on data from Form 990 and distinct methodologies that Boone Electric can't fulfill. Historical ratings predominantly based on accountability and finance are not applicable, considering this organization's foundation code. Boone Electric Cooperative's independent structure further bounds it from these traditional third-party evaluations.
No user reviews are available from GreatNonprofits to provide insight into public perception or firsthand experiences. This lack of feedback leaves a gap in understanding stakeholder satisfaction or areas of improvement from the perspective of the broader community Boone serves.
This AI summary has been generated from information found on Charity Navigator.
Is Boone Electric Cooperative legitimate?
Boone Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Boone 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: $851,357
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.booneelectric.coop
What is the mission statement of Boone Electric Cooperative?
The Boone Electric Cooperative is dedicated to meeting the electricity needs of its members. Their mission is to provide a reliable electric energy supply at the most affordable cost, adhering to sound business practices and cooperative principles. The cooperative focuses on ensuring the needs of its members are met in a responsive manner. Its primary activity lies in the retail sale of electricity to both members and consumers.
Official website here: www.booneelectric.coop
Who is the CEO of Boone Electric Cooperative?
Todd Culley is the Ceo of Boone Electric Cooperative. The CEO's salary of Boone Electric Cooperative is $288,531 and their total compensation is $424,717.
Official website here: www.booneelectric.coop
What is the revenue of Boone Electric Cooperative?
Boone Electric Cooperative's revenue in 2022 was $67,889,675.
Official website here: www.booneelectric.coop
Who are the executives of Boone Electric Cooperative and what are their salaries?
The average compensation at Boone Electric Cooperative during 2022 was $8,032. There are 106 employees at Boone Electric Cooperative.
Here are 19 key members and their salaries (Boone Electric Cooperative's CEO's salary is $288,531 and their total compensation is $424,717):
- Compensation: $288,531
- Related: $0
- Other: $136,186
- Compensation: $200,010
- Related: $0
- Other: $167,267
- Compensation: $183,443
- Related: $0
- Other: $113,250
- Compensation: $151,444
- Related: $0
- Other: $111,157
- Compensation: $150,850
- Related: $0
- Other: $98,465
- Compensation: $128,070
- Related: $0
- Other: $120,341
- Compensation: $119,616
- Related: $0
- Other: $50,224
- Compensation: $118,884
- Related: $0
- Other: $87,177
- Compensation: $118,476
- Related: $0
- Other: $31,931
- Compensation: $117,152
- Related: $0
- Other: $49,052
- Compensation: $36,930
- Related: $0
- Other: $0
- Compensation: $33,904
- Related: $0
- Other: $0
- Compensation: $33,193
- Related: $0
- Other: $0
- Compensation: $32,988
- Related: $0
- Other: $0
- Compensation: $18,687
- Related: $0
- Other: $0
- Compensation: $17,452
- Related: $0
- Other: $0
- Compensation: $15,171
- Related: $0
- Other: $0
- Compensation: $12,621
- Related: $0
- Other: $0
- Compensation: $11,941
- Related: $0
- Other: $0
Official website here: www.booneelectric.coop
Where can I find the form 990 for Boone Electric Cooperative?
Boone Electric Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.booneelectric.coop
Learn more at the official website: www.booneelectric.coop
Mission Statement of Boone Electric Cooperative
Boone Electric Cooperative, with a mission to put its members first, strives to be responsive to their needs by delivering a dependable electric energy supply at the most affordable cost. The cooperative is dedicated to upholding sound business practices and adhering to cooperative principles.
Boone Electric Cooperative's primary activity revolves around the retail sale of electricity to its members, owners, and consumers. This nonprofit organization's unwavering commitment to its members is reflected in its mission to offer a reliable electric energy source. By doing so, it ensures that its members can sustain their daily lives and carry out their activities with minimal disruptions. The cooperative's goal is to maintain the lowest possible cost, which is a testament to its dedication to keeping electricity accessible and affordable for its members.
The Boone Electric Cooperative goes beyond just providing electricity; it is committed to fostering a sense of community and collaboration among its members. By adhering to cooperative principles and maintaining a focus on its members' needs, the cooperative builds trust and strengthens the bonds between its members. This mission-driven approach sets Boone Electric Cooperative apart, as it prioritizes the well-being and satisfaction of its members above all else.
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Impact
October, 2024
Boone Electric Cooperative plays a vital role in delivering reliable electricity to its members in Columbia, MO. By focusing on the retail sale of electricity, the cooperative ensures that local residents have access to a dependable supply of energy. Its mission centers on being responsive to the needs of its members, aiming to provide services at the lowest possible cost while adhering to sound business practices and cooperative principles. Through its efforts, Boone Electric Cooperative not only meets the energy demands of its community but also supports the overall well-being of its members by prioritizing affordability and reliability. The cooperative's commitment to public benefit strengthens the local economy and fosters a sense of community among its consumers.
This information is meant to be a general summary of Boone 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: -$126,553
- Program Service Revenue: $68,016,228
- Gross Receipts: $68,237,227
Assets and Liabilities:
- Total Assets: $214,466,398
- Total Liabilities: $126,997,643
- Net Assets: $87,468,755
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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
$66,088,603
Capital Credits
Revenue
$1,183,045
Other Electric Revenues
Revenue
$661,058
Merchandising
Revenue
$70,744
Non-Operating Margins
Revenue
$12,778
Organization Details
Founding Year
1936
Phone
(573) 449-4181Principal Officer
Todd Culley
Main Address
PO Box 797, Columbia, MO, 652050797
Website
www.booneelectric.coopNTEE Category
Code: W80 - Public benefit
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