Overview
What is Webster Electric Cooperative?
Webster Electric Cooperative is a nonprofit organization headquartered in Marshfield, Missouri. With a mission to provide electricity to its members, they served a total of 22,857 active services at the end of the year, distributing power cooperatively and allocating patronage capital. The cooperative, employing 41 individuals, is dedicated to delivering electricity to its community on a cooperative basis.
Official website here: www.websterec.com
What do the Facebook reviews say about Webster Electric Cooperative?
80% of 40 reviewers on Facebook recommend Webster Electric Cooperative. Here is a summary of their reviews:
Many users express appreciation for the cooperative's responsiveness during power outages, sharing specific instances where the team quickly restored service. One notable mention was regarding an outage on September 21, where a member praised Allen Letterman for his efforts in getting power back on promptly.
Overall, the sentiment reflects a positive acknowledgment of the cooperative's dedication to their community and efficient service during challenges. While the recommendation rate is not overwhelmingly high, those who do endorse the organization tend to highlight their satisfaction with the support provided in times of need.
This AI summary has been generated from reviews found on Facebook.
Is Webster Electric Cooperative legitimate?
Webster Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Webster 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: $865,096
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,015,254
For more financial information, click here
Official website here: www.websterec.com
What is the mission statement of Webster Electric Cooperative?
Webster Electric Cooperative operates with a mission to provide electricity to its members in a cooperative manner. This means that the cooperative prioritizes serving its community, with 22,857 active services receiving electricity as a result. Members of the cooperative are given patronage capital as a result of their participation in the cooperative's business. The cooperative's primary focus is on ensuring that its members have reliable access to electricity to support their daily lives. By providing electricity cooperatively, the cooperative fosters a sense of community and partnership among its members.
Official website here: www.websterec.com
What is the revenue of Webster Electric Cooperative?
Webster Electric Cooperative's revenue in 2023 was $38,873,422.
Official website here: www.websterec.com
Who are the executives of Webster Electric Cooperative and what are their salaries?
The average compensation at Webster Electric Cooperative during 2023 was $47,009. There are 40 employees at Webster Electric Cooperative.
Here are 18 key members and their salaries:
- Compensation: $226,484
- Related: $0
- Other: $142,097
- Compensation: $130,430
- Related: $0
- Other: $94,613
- Compensation: $142,282
- Related: $0
- Other: $79,483
- Compensation: $122,285
- Related: $0
- Other: $85,648
- Compensation: $125,079
- Related: $0
- Other: $73,268
- Compensation: $129,951
- Related: $0
- Other: $67,263
- Compensation: $124,109
- Related: $0
- Other: $65,887
- Compensation: $112,275
- Related: $0
- Other: $64,024
- Compensation: $31,384
- Related: $0
- Other: $13,889
- Compensation: $9,500
- Related: $0
- Other: $0
- Compensation: $9,200
- Related: $0
- Other: $0
- Compensation: $6,600
- Related: $0
- Other: $0
- Compensation: $5,500
- Related: $0
- Other: $0
- Compensation: $5,500
- Related: $0
- Other: $0
- Compensation: $4,900
- Related: $0
- Other: $0
- Compensation: $3,300
- Related: $0
- Other: $0
- Compensation: $2,700
- Related: $0
- Other: $0
- Compensation: $2,700
- Related: $0
- Other: $0
Official website here: www.websterec.com
Where can I find the form 990 for Webster Electric Cooperative?
Webster Electric Cooperative's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.websterec.com
Learn more at the official website: www.websterec.com
Mission Statement of Webster Electric Cooperative
Webster Electric Cooperative, with its mission to provide electricity to its members on a cooperative basis, strives to power the lives of countless households. The cooperative, headquartered in [undisclosed location], is dedicated to delivering essential energy services to its 22,857 active members at the end of the year.
With a strong commitment to its community, Webster Electric Cooperative goes beyond the mere provision of electricity. The cooperative extends its reach by allocating patronage capital to its members, which is a testament to its cooperative spirit. The organization's efforts are geared towards ensuring its members have reliable access to electricity, empowering them to lead better lives in their homes and communities.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Webster Electric Cooperative plays a vital role in delivering electricity to its members in Marshfield, MO, and the surrounding areas. With 22,857 active services at year-end, the cooperative ensures that energy is provided efficiently and equitably to its members. Its commitment to allocating patronage capital reinforces a sense of community ownership and involvement in electrical services. By operating on a cooperative basis, Webster Electric fosters a collaborative approach to energy distribution, contributing to the public benefit and enhancing the quality of life for residents in the region.
This information is meant to be a general summary of Webster 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 2023.
- Investment Income: $528,069
- Program Service Revenue: $37,886,172
- Gross Receipts: $39,026,632
Assets and Liabilities:
- Total Assets: $85,233,257
- Total Liabilities: $42,279,011
- Net Assets: $42,954,246
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVEUE
Revenue
$37,485,022
PATRONAGE DIVIDENDS
Revenue
$401,150
Organization Details
Founding Year
1946
Principal Officer
Thomas E Houston
Website
www.websterec.comNTEE Category
Code: W80 - Public benefit
If you are a representative of Webster Electric Cooperative 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.