Doniphan Electric Cooperative Assoc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 480198945 ✦ Troy, KS ✦ Designated as a 501(c)(12)

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Overview

What is Doniphan Electric Cooperative Assoc?

Doniphan Electric Cooperative Association is a cooperative entity situated in Troy, Kansas. Its primary purpose is to deliver dependable energy and associated services to its members at the most affordable prices. The cooperative accomplishes this by distributing and selling electricity. The cooperative is committed to offering these essential services at the lowest cost, serving as a testament to its dedication to its members.


Official website here: www.donrec.org

Is Doniphan Electric Cooperative Assoc legitimate?

Doniphan Electric Cooperative Assoc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Doniphan Electric Cooperative Assoc 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: $169,958
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.donrec.org

What is the mission statement of Doniphan Electric Cooperative Assoc?

The mission of Doniphan Electric Cooperative Association is centered around providing its members with reliable energy and associated services, all while ensuring these services are offered at the most affordable price possible. The cooperative's primary objective is to uphold this commitment, which is reflected in its programs that focus on the distribution and sale of electricity.


Official website here: www.donrec.org

Who is the CEO of Doniphan Electric Cooperative Assoc?

Michael Volker is the President of Doniphan Electric Cooperative Assoc.


Official website here: www.donrec.org

What is the revenue of Doniphan Electric Cooperative Assoc?

Doniphan Electric Cooperative Assoc's revenue in 2022 was $3,539,156.


Official website here: www.donrec.org

Who are the executives of Doniphan Electric Cooperative Assoc and what are their salaries?

The average compensation at Doniphan Electric Cooperative Assoc during 2022 was $21,245. There are 8 employees at Doniphan Electric Cooperative Assoc.


Here are 10 key members and their salaries:


Richard Lemke (President)
  • Compensation: $2,331
  • Related: $0
  • Other: $0
Grant Foley (Treasurer)
  • Compensation: $2,706
  • Related: $0
  • Other: $0
Norman Sigrist (Secretary)
  • Compensation: $2,256
  • Related: $0
  • Other: $0
Jake Benitz (Trustee)
  • Compensation: $1,056
  • Related: $0
  • Other: $0
Tim Hegarty (Trustee)
  • Compensation: $2,256
  • Related: $0
  • Other: $0
Chris Gaither (Trustee)
  • Compensation: $1,356
  • Related: $0
  • Other: $0
Danny King (Trustee)
  • Compensation: $1,056
  • Related: $0
  • Other: $0
Laura Jeschke (Office Manag)
  • Compensation: $49,947
  • Related: $0
  • Other: $23,727
Michael Volker (General Mana)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susie Williams (Accountant)
  • Compensation: $50,449
  • Related: $0
  • Other: $32,818


Official website here: www.donrec.org

Where can I find the form 990 for Doniphan Electric Cooperative Assoc?

Doniphan Electric Cooperative Assoc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.donrec.org

Learn more at the official website: www.donrec.org

Mission Statement of Doniphan Electric Cooperative Assoc

Doniphan Electric Cooperative Association, as a cooperative entity, is committed to providing its members with reliable energy and associated services at the most affordable price possible. This mission is a fundamental part of its operations, driving it to distribute and sell electricity in a manner that prioritizes cost-effectiveness without compromising on reliability. The cooperative's aim is to ensure that its members, who are essential to its existence, can access essential energy services at a price that is economically feasible for them. This mission is a testament to Doniphan Electric Cooperative Association's dedication to its members and its role as a reliable energy provider in the community.

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Impact




October, 2024

Doniphan Electric Cooperative Association plays a vital role in delivering reliable energy and related services to its members while prioritizing affordability. Operating from Troy, Kansas, the cooperative focuses on distributing and selling electricity efficiently, ensuring that its members receive dependable energy without the burden of high costs. This commitment not only enhances the quality of life for residents by providing essential services but also supports local economic development by fostering a stable energy environment. The cooperative’s dedication to serving its community reflects a broader goal of public benefit, making energy accessible and sustainable for all its members.




This information is meant to be a general summary of Doniphan Electric Cooperative Assoc. 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.

Revenue
$3,539,156 (2022)
Expenses
$3,539,156 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $15,002
  • Program Service Revenue: $3,523,344
  • Gross Receipts: $3,539,156

Assets and Liabilities:

  • Total Assets: $8,111,810
  • Total Liabilities: $1,426,906
  • Net Assets: $6,684,904

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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

$3,473,410

MISC ELECTRIC REVENUE

Revenue

$38,851

CAPITAL CREDITS

Revenue

$11,083

Organization Details

Founding Year

1937

Principal Officer

Michael Volker

Main Address

530 W JONES, TROY, KS, 66087

NTEE Category

Code: W80 - Public benefit

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