Overview
What is Lane-Scott Electric Cooperative Inc?
Lane-Scott Electric Cooperative Inc is a nonprofit organization based in Dighton, Kansas, with a PO Box address (758). Their primary mission is to provide quality and reliable electric service to their members on a cooperative basis, with an emphasis on cost efficiency. They believe that every member deserves reliable and efficient electric service and strive to go beyond that by offering additional services which enrich people's lives and contribute to the betterment of their communities. The organization had 5,795 active services in the last year, and they employ 23 individuals to fulfill their mission. Adhering to cooperative principles, they aim to achieve their objectives in a sustainable and effective manner.
Official website here: www.lanescott.coop
What are the reviews and ratings of this charity?
Lane-Scott Electric Cooperative Inc is not currently rated by Charity Navigator as it is not a 501(c)(3) IRS registered nonprofit organization. Charity Navigator typically evaluates organizations based on several beacon scores, including Accountability & Finance, and Impact & Measurement, but such assessments are restricted to registered 501(c)(3) entities eligible for tax-deductible contributions.
The absence of a Charity Navigator rating does not imply a negative assessment of Lane-Scott Electric Cooperative Inc; rather, it reflects the lack of evaluation due to its non-501(c)(3) status. Historical ratings would primarily concern financial accountability aspects, but as a cooperative, it operates outside the standard nonprofit evaluation frameworks.
There are no user reviews available on GreatNonprofits for Lane-Scott Electric Cooperative Inc. Therefore, insights into public sentiment about its operations or impact are not currently accessible through this platform.
This AI summary has been generated from information found on Charity Navigator.
Is Lane-Scott Electric Cooperative Inc legitimate?
Lane-Scott Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Lane-Scott Electric Cooperative Inc 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: $709,337
Professional Fundraising Fees: $0
Other Salaries and Wages: $937,444
For more financial information, click here
Official website here: www.lanescott.coop
What is the mission statement of Lane-Scott Electric Cooperative Inc?
Lane-Scott Electric Cooperative Inc is committed to delivering reliable and efficient electric services to its members at an affordable cost. Adhering to cooperative principles, the organization strives to provide additional services that enrich people's lives and contribute to the betterment of their communities. The cooperative believes in ensuring every member receives quality electric service as part of a cooperative community, with good governance policies and effective management practices in place. In addition to electricity, Lane-Scott Electric Cooperative aims to offer services that enhance the overall well-being of its members.
Official website here: www.lanescott.coop
Who is the CEO of Lane-Scott Electric Cooperative Inc?
Richard Mcleon is the Treasurer of Lane-Scott Electric Cooperative Inc.
Official website here: www.lanescott.coop
What is the revenue of Lane-Scott Electric Cooperative Inc?
Lane-Scott Electric Cooperative Inc's revenue in 2022 was $23,222,453.
Official website here: www.lanescott.coop
Who are the executives of Lane-Scott Electric Cooperative Inc and what are their salaries?
The average compensation at Lane-Scott Electric Cooperative Inc during 2022 was $71,599. There are 23 employees at Lane-Scott Electric Cooperative Inc.
Here are 16 key members and their salaries:
- Compensation: $3,050
- Related: $0
- Other: $0
- Compensation: $4,450
- Related: $0
- Other: $0
- Compensation: $4,100
- Related: $0
- Other: $0
- Compensation: $5,800
- Related: $0
- Other: $0
- Compensation: $7,050
- Related: $0
- Other: $0
- Compensation: $8,100
- Related: $0
- Other: $0
- Compensation: $4,450
- Related: $0
- Other: $0
- Compensation: $4,800
- Related: $0
- Other: $0
- Compensation: $4,100
- Related: $0
- Other: $0
- Compensation: $238,364
- Related: $0
- Other: $151,675
- Compensation: $126,997
- Related: $0
- Other: $146,401
- Compensation: $117,317
- Related: $0
- Other: $73,360
- Compensation: $115,718
- Related: $0
- Other: $105,523
- Compensation: $114,281
- Related: $0
- Other: $69,213
- Compensation: $112,569
- Related: $0
- Other: $37,740
- Compensation: $109,273
- Related: $0
- Other: $66,410
Official website here: www.lanescott.coop
Where can I find the form 990 for Lane-Scott Electric Cooperative Inc?
Lane-Scott Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lanescott.coop
Learn more at the official website: www.lanescott.coop
Mission Statement of Lane-Scott Electric Cooperative Inc
Lane-Scott Electric Cooperative Inc is a mission-driven organization dedicated to delivering quality and reliable electric service to its members at a cooperative cost. The cooperative's overarching belief is that every member is entitled to efficient electric service at the most reasonable price, all while adhering to good governance policies and sound management practices.
Beyond providing essential electric services, Lane-Scott Electric Cooperative Inc takes pride in enriching their members' lives and improving the communities in which they reside. They see their obligation not only as a utility provider but as a community partner. The cooperative's adherence to cooperative principles is the cornerstone of achieving these objectives.
Lane-Scott Electric Cooperative Inc is committed to upholding the cooperative business model, which emphasizes the importance of community involvement, member participation, and democratic decision-making. The organization's unwavering dedication to these principles enables them to effectively meet the electric needs of their members while fostering a strong sense of community connection.
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Impact
October, 2024
Lane-Scott Electric Cooperative Inc. directly impacts its community by providing reliable and efficient electric service to its members, ensuring that energy is available at the lowest possible cost. Serving 5,795 active services in Dighton, KS, the cooperative allocates resources in a manner that promotes sustainability and community well-being.
By adhering to cooperative principles, Lane-Scott not only delivers essential electricity but also enriches the lives of its members through additional services aimed at improving community welfare. The commitment to patronage capital allocation reflects an equitable approach to distribution, reinforcing the cooperative’s dedication to its members' needs.
Moreover, Lane-Scott Electric Cooperative fosters a sense of community by engaging in practices that enhance local living conditions. This mission underscores the organization’s role as a vital contributor to both economic stability and the overall quality of life in the region, positioning it as a cornerstone of public benefit in the area it serves.
This information is meant to be a general summary of Lane-Scott Electric Cooperative Inc. 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: $134,990
- Program Service Revenue: $21,646,414
- Gross Receipts: $23,251,507
Assets and Liabilities:
- Total Assets: $64,701,717
- Total Liabilities: $39,052,229
- Net Assets: $25,649,488
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES OF ELECTRICITY
Revenue
$20,880,879
PATRONAGE DIVIDENDS
Revenue
$734,947
SERVICE FEES
Revenue
$30,588
Organization Details
Founding Year
1941
Phone
(620) 397-5327Principal Officer
Richard Mcleon
Main Address
PO BOX 758, DIGHTON, KS, 67839
Website
www.lanescott.coopNTEE Category
Code: W80 - Public benefit
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