Overview
What is Codington-Clark Electric Cooperative?
Codington-Clark Electric Cooperative is a nonprofit organization from Watertown, South Dakota, with approximately 2,510 members. Their primary mission is to make electric energy available to their membership at the lowest possible cost. They accomplish this by providing exemplary personal service, prudently managing expenses and revenues, operating and maintaining safe and reliable distribution facilities, offering reasonably priced electric energy, enhancing community relationships, maintaining a safe and gratifying work environment for employees, and embracing change that benefits their members. In the past, they added, retired, or replaced around 16 miles of underground and 4 miles of overhead lines.
Official website here: www.ccelectric.coop
Is Codington-Clark Electric Cooperative legitimate?
Codington-Clark Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Codington-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: $427,571
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,036,391
For more financial information, click here
Official website here: www.ccelectric.coop
What is the mission statement of Codington-Clark Electric Cooperative?
Codington-Clark Electric Cooperative is committed to making electric energy accessible to its members at the most affordable cost. The cooperative's primary objective is to provide electric power to its membership. To accomplish this, they offer exceptional personal service, prudently managing revenues and expenses, and ensuring the safety and reliability of their distribution facilities. They also strive to provide reasonably priced electric energy and build strong community relationships. In addition, they prioritize creating a safe and gratifying work environment for their employees and embracing change that benefits the membership.
Official website here: www.ccelectric.coop
Who is the CEO of Codington-Clark Electric Cooperative?
David Eide is the Director of Codington-Clark Electric Cooperative.
Official website here: www.ccelectric.coop
What is the revenue of Codington-Clark Electric Cooperative?
Codington-Clark Electric Cooperative's revenue in 2022 was $14,370,109.
Official website here: www.ccelectric.coop
Who are the executives of Codington-Clark Electric Cooperative and what are their salaries?
The average compensation at Codington-Clark Electric Cooperative during 2022 was $77,051. There are 19 employees at Codington-Clark Electric Cooperative.
Here are 11 key members and their salaries:
- Compensation: $5,100
- Related: $0
- Other: $0
- Compensation: $4,800
- Related: $0
- Other: $0
- Compensation: $5,900
- Related: $0
- Other: $0
- Compensation: $5,700
- Related: $0
- Other: $0
- Compensation: $4,100
- Related: $0
- Other: $0
- Compensation: $3,600
- Related: $0
- Other: $0
- Compensation: $3,100
- Related: $0
- Other: $0
- Compensation: $3,700
- Related: $0
- Other: $0
- Compensation: $2,700
- Related: $0
- Other: $0
- Compensation: $149,919
- Related: $0
- Other: $111,739
- Compensation: $112,053
- Related: $0
- Other: $63,146
Official website here: www.ccelectric.coop
Where can I find the form 990 for Codington-Clark Electric Cooperative?
Codington-Clark Electric Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ccelectric.coop
Learn more at the official website: www.ccelectric.coop
Mission Statement of Codington-Clark Electric Cooperative
Codington-Clark Electric Cooperative, a dedicated organization, is committed to making electric energy accessible to its members at the most affordable price. The cooperative's purpose extends beyond just providing electricity; it strives to deliver exceptional personal service, manage revenues and expenses prudently, operate and maintain safe and reliable distribution facilities, and offer reasonably priced electric energy to its membership.
Moreover, Codington-Clark Electric Cooperative values building and enhancing relationships within its community. It aims to create a safe and gratifying work environment for its employees, embracing change that brings benefits to its members. By providing exemplary service and embracing change, the cooperative continues to meet the evolving needs of its membership while maintaining a strong focus on affordability and reliability.
In summary, Codington-Clark Electric Cooperative is a mission-driven organization that prioritizes the needs of its members. It provides electric energy while ensuring exceptional service, financial prudence, and a safe and reliable infrastructure. The cooperative's commitment to its community and employees is evident in its dedication to maintaining strong relationships and offering a gratifying work environment. Through its various initiatives, Codington-Clark Electric Cooperative continues to make a positive impact on the lives of its members.
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Impact
October, 2024
Codington-Clark Electric Cooperative plays a vital role in providing reliable and affordable electric energy to its approximately 2,510 members in Watertown, SD. By focusing on delivering electricity at the lowest possible cost, the cooperative ensures that community members have access to essential services that support daily life and economic activities.
With a commitment to exemplary personal service, they prudently manage their financial resources while operating and maintaining a safe and dependable distribution network. Recent infrastructure improvements, including the addition, retirement, or replacement of approximately 16 miles of underground and 4 miles of overhead line, exemplify their dedication to enhancing service reliability and efficiency.
The cooperative's mission extends beyond just energy provision; it aims to foster positive relationships within the community and maintain a safe and satisfying work environment for its employees. Through these efforts, Codington-Clark Electric Cooperative not only supports the immediate needs of its members but also contributes to the overall vitality of the community it serves, making it a cornerstone of public benefit in the area.
This information is meant to be a general summary of Codington-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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $66,928
- Program Service Revenue: $14,314,901
- Gross Receipts: $14,545,808
Assets and Liabilities:
- Total Assets: $53,681,940
- Total Liabilities: $35,012,525
- Net Assets: $18,669,415
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF ELECTRICITY
Revenue
$13,183,294
CO-OP CAPITAL CREDITS
Revenue
$1,065,019
OTHER CAPITAL CREDITS
Revenue
$66,588
Organization Details
Founding Year
1947
Phone
(605) 886-5848Principal Officer
David Eide
Main Address
3520 9TH AVE SW, WATERTOWN, SD, 572017037
Website
www.ccelectric.coopNTEE Category
Code: W80 - Public benefit
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