Overview
What is Consolidated Electric Cooperative?
Consolidated Electric Cooperative is a nonprofit organization based in Mexico, Missouri, serving around 6,528 members in eight rural counties. Their primary mission is to distribute electric energy to their consumer-members, maintaining and upgrading the electric lines to ensure reliable service. They prioritize quality and consistency in their business practices, offering electric and related services to their member-owners on a cooperative basis. With a team of 40 employees, they aim to provide their community with dependable energy solutions.
Official website here: www.consolidatedelectric.com
What are the reviews and ratings of this charity?
Consolidated Electric Cooperative currently has no rating from Charity Navigator due to its classification that falls outside the 501(c)(3) IRS registered nonprofit criteria. Charity Navigator evaluates organizations that fit this classification based on one or more beacon scores like Accountability, Finance, Impact, and others. The absence of a rating implies that the organization has not been evaluated rather than suggesting a positive or negative standing.
Because Consolidated Electric Cooperative is not a 501(c)(3), Charity Navigator cannot apply their specific methodologies for assessment, including Impact & Measurement, Culture & Community, and others. The class "Independent" indicates it operates separately from larger national or regional nonprofit groups. Information such as revenue, expenses, and key personnel salaries is not provided as it did not fulfill the Form 990 filing requirements.
No user reviews are currently available from GreatNonprofits to supplement the evaluation with direct feedback from individuals interacting with or observing the organization's operations. Therefore, understanding this nonprofit's performance or community impact beyond what is reported requires further inquiry into other resources.
This AI summary has been generated from information found on Charity Navigator.
Is Consolidated Electric Cooperative legitimate?
Consolidated Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Consolidated 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: $502,537
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.consolidatedelectric.com
What is the mission statement of Consolidated Electric Cooperative?
Consolidated Electric Cooperative is dedicated to delivering quality and dependable electric and related services to its member-owners. Its mission is to provide these essential utilities in a cooperative manner, ensuring sound business practices are upheld. The Cooperative's commitment extends to maintaining and enhancing its electric infrastructure to consistently deliver reliable service. In essence, Consolidated Electric Cooperative strives to meet the electric needs of its members in an efficient and cooperative fashion.
Official website here: www.consolidatedelectric.com
Who is the CEO of Consolidated Electric Cooperative?
Lynn Thompson is the General Manager of Consolidated Electric Cooperative.
Official website here: www.consolidatedelectric.com
What is the revenue of Consolidated Electric Cooperative?
Consolidated Electric Cooperative's revenue in 2022 was $25,940,298.
Official website here: www.consolidatedelectric.com
Who are the executives of Consolidated Electric Cooperative and what are their salaries?
The average compensation at Consolidated Electric Cooperative during 2022 was $12,563. There are 40 employees at Consolidated Electric Cooperative.
Here are 17 key members and their salaries:
- Compensation: $221,583
- Related: $0
- Other: $81,607
- Compensation: $142,697
- Related: $0
- Other: $19,594
- Compensation: $138,011
- Related: $0
- Other: $65,432
- Compensation: $124,023
- Related: $0
- Other: $62,315
- Compensation: $122,699
- Related: $0
- Other: $36,964
- Compensation: $114,631
- Related: $0
- Other: $67,908
- Compensation: $109,353
- Related: $0
- Other: $35,071
- Compensation: $8,951
- Related: $0
- Other: $0
- Compensation: $7,151
- Related: $0
- Other: $0
- Compensation: $5,751
- Related: $0
- Other: $0
- Compensation: $5,051
- Related: $0
- Other: $0
- Compensation: $4,851
- Related: $0
- Other: $0
- Compensation: $4,651
- Related: $0
- Other: $0
- Compensation: $4,651
- Related: $0
- Other: $0
- Compensation: $3,001
- Related: $0
- Other: $0
- Compensation: $1,550
- Related: $0
- Other: $0
- Compensation: $6,651
- Related: $0
- Other: $0
Official website here: www.consolidatedelectric.com
Where can I find the form 990 for Consolidated Electric Cooperative?
Consolidated Electric Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.consolidatedelectric.com
Learn more at the official website: www.consolidatedelectric.com
Mission Statement of Consolidated Electric Cooperative
Consolidated Electric Cooperative, with its mission to provide, dedicates itself to delivering top-notch, dependable electric and associated services to its member-owners. Adhering to sound business principles, the Cooperative goes beyond just distributing electric energy, ensuring a cooperative experience for its rural consumer base, numbering approximately 6,528, across eight counties. With a commitment to maintaining and upgrading electric lines, Consolidated Electric Cooperative guarantees its members the reliability they deserve.
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Impact
October, 2024
Consolidated Electric Cooperative plays a vital role in enhancing the quality of life for residents in rural areas across eight counties. By providing reliable electric energy to approximately 6,528 member-owners, the Cooperative ensures that communities have access to essential services that support daily living, economic development, and overall well-being.
Their commitment to maintaining and upgrading electric infrastructure translates to a more stable power supply, which is critical for both homes and businesses. This focus on reliability fosters a sense of security among residents and helps stimulate local economies by attracting new businesses and supporting existing ones.
Moreover, by operating on a cooperative basis, Consolidated Electric Cooperative emphasizes community involvement and member participation, which strengthens the social fabric of the areas they serve. Through consistent, sound business practices, they not only deliver quality services but also contribute to the long-term sustainability of the region’s energy needs. The emphasis on public benefit underscores their mission to create a positive impact within the communities they serve, further reinforcing their role as a cornerstone in rural electrification and community development.
This information is meant to be a general summary of Consolidated 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: $196,961
- Program Service Revenue: $25,743,337
- Gross Receipts: $25,992,179
Assets and Liabilities:
- Total Assets: $68,636,077
- Total Liabilities: $38,294,763
- Net Assets: $30,341,314
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Sale of Electric Energy
Revenue
$25,224,156
Capital Credits Rec'd
Revenue
$439,729
Other Electric Revenues
Revenue
$79,452
Organization Details
Founding Year
1938
Phone
(573) 581-3630Principal Officer
Lynn Thompson
Main Address
PO Box 540, Mexico, MO, 652650540
Website
www.consolidatedelectric.comNTEE Category
Code: W80 - Public benefit
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