Overview
What is Choptank Electric Cooperative Inc?
Choptank Electric Cooperative Inc, a Maryland-based organization with a workforce of 172 employees, is dedicated to providing dependable and economical electricity to enhance the living standards of its member-owners. Committed to exceptional service, this cooperative adheres to seven cooperative principles. Among its significant initiatives, Choptank Electric Cooperative invests heavily in the cost of power, depreciation, and salaries and wages, allocating 93.65 million, 16.29 million, and 14.17 million dollars, respectively.
Official website here: www.choptankelectric.coop
What are the reviews and ratings of this charity?
Choptank Electric Cooperative Inc is not currently rated by Charity Navigator. This lack of rating is due to the organization not meeting the necessary criteria, such as having an Accountability & Finance beacon or an Impact & Measurement beacon. The absence of a rating does not imply a negative or positive judgment but simply that an evaluation has not been conducted.
The organization cannot be assessed by Charity Navigator under the Impact & Measurement, Culture & Community, and Leadership & Adaptability methodologies as it is not registered as a 501(c)(3) nonprofit. The Cooperative operates independently and its financial data, including total revenue and expenses, are not available through Charity Navigator’s current data sources.
Without user reviews from GreatNonprofits, additional insights into the nonprofit's public perception and community impact are unavailable. Therefore, the evaluation relies on the foundational data, primarily IRS sources, which establishes the organization's independence but not its comprehensive evaluation.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Choptank Electric Cooperative Inc?
72% of 22 reviewers on Facebook would recommend Choptank Electric Cooperative Inc. Many users express appreciation for the responsiveness of the utility service, particularly during challenging circumstances. One customer highlighted a positive experience during a snowstorm, noting that their power was restored within an hour of reporting an outage, praising the dedication of the crew who worked in tough weather conditions.
Overall, the sentiment towards Choptank Electric seems to reflect satisfaction with their service, especially regarding outage responses. Customers feel grateful for the efforts made by the team to restore power quickly and effectively, which indicates a level of reliability that users value.
This AI summary has been generated from reviews found on Facebook.
Is Choptank Electric Cooperative Inc legitimate?
Choptank Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Choptank 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: $2,907,038
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,169,220
For more financial information, click here
Official website here: www.choptankelectric.coop
What is the mission statement of Choptank Electric Cooperative Inc?
Choptank Electric Cooperative (CEC) is dedicated to delivering reliable and cost-effective electricity to enhance the living standards of its member-owners. Committed to service excellence, CEC operates in accordance with the seven cooperative principles. The cooperative prioritizes providing electricity that significantly improves the quality of life for its members. CEC's mission extends beyond electricity, as it strives for superior customer service to meet the unique needs of its members. The cooperative invests in essential infrastructure and personnel, with substantial investments in the cost of power, depreciation, and salaries and wages.
Official website here: www.choptankelectric.coop
Who is the CEO of Choptank Electric Cooperative Inc?
Micheal E Malandro is the President & of Choptank Electric Cooperative Inc.
Official website here: www.choptankelectric.coop
What is the revenue of Choptank Electric Cooperative Inc?
Choptank Electric Cooperative Inc's revenue in 2022 was $164,513,922.
Official website here: www.choptankelectric.coop
Who are the executives of Choptank Electric Cooperative Inc and what are their salaries?
The average compensation at Choptank Electric Cooperative Inc during 2022 was $99,281. There are 172 employees at Choptank Electric Cooperative Inc.
Here are 23 key members and their salaries:
- Compensation: $650,618
- Related: $0
- Other: $73,782
- Compensation: $249,094
- Related: $0
- Other: $54,506
- Compensation: $203,691
- Related: $0
- Other: $81,934
- Compensation: $219,934
- Related: $0
- Other: $65,210
- Compensation: $220,461
- Related: $0
- Other: $49,342
- Compensation: $199,408
- Related: $0
- Other: $61,231
- Compensation: $202,901
- Related: $0
- Other: $48,329
- Compensation: $213,093
- Related: $0
- Other: $34,105
- Compensation: $169,843
- Related: $0
- Other: $70,757
- Compensation: $132,139
- Related: $0
- Other: $64,966
- Compensation: $160,171
- Related: $0
- Other: $35,559
- Compensation: $149,355
- Related: $0
- Other: $29,270
- Compensation: $130,425
- Related: $0
- Other: $47,713
- Compensation: $39,200
- Related: $0
- Other: $0
- Compensation: $38,200
- Related: $0
- Other: $0
- Compensation: $31,400
- Related: $0
- Other: $0
- Compensation: $29,200
- Related: $0
- Other: $0
- Compensation: $26,600
- Related: $0
- Other: $0
- Compensation: $25,600
- Related: $0
- Other: $0
- Compensation: $23,200
- Related: $0
- Other: $0
- Compensation: $22,600
- Related: $0
- Other: $0
- Compensation: $22,400
- Related: $0
- Other: $0
- Compensation: $21,000
- Related: $0
- Other: $0
Official website here: www.choptankelectric.coop
Where can I find the form 990 for Choptank Electric Cooperative Inc?
Choptank Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.choptankelectric.coop
Learn more at the official website: www.choptankelectric.coop
Mission Statement of Choptank Electric Cooperative Inc
Choptank Electric Cooperative (CEC) is a dedicated organization that strives to improve the quality of life for its member-owners by providing reliable and cost-effective electricity. The cooperative is firmly committed to service excellence, guided by the seven cooperative principles. At its core, CEC's mission is to deliver dependable power that enhances the daily lives of its members. The cooperative's primary focus is on ensuring a consistent power supply, allowing its members to enjoy the benefits of electricity without interruption or excessive costs. By prioritizing reliability and affordability, Choptank Electric Cooperative contributes significantly to the well-being of its members and community. The three largest program services of CEC, as indicated by expenses, include the cost of power, depreciation, and other salaries and wages. These investments reflect the cooperative's dedication to maintaining a robust electric infrastructure and supporting its workforce in pursuit of its mission.
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Impact
October, 2024
Choptank Electric Cooperative Inc significantly impacts its community by providing reliable and cost-effective electricity, which is essential for enhancing the quality of life for its member-owners. The cooperative focuses on service excellence and operates with the guiding principles that ensure accountability, equity, and community involvement.
With a commitment to efficiency, its key operational expenses are directed towards the cost of power, depreciation, and employee salaries. This sustainable approach not only ensures that members receive dependable energy but also fosters economic stability in the region. By prioritizing affordability and reliability, Choptank Electric Cooperative contributes to the overall welfare of the communities it serves.
This information is meant to be a general summary of Choptank 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: $279,373
- Program Service Revenue: $164,415,602
- Gross Receipts: $164,630,023
Assets and Liabilities:
- Total Assets: $487,333,208
- Total Liabilities: $295,325,452
- Net Assets: $192,007,756
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE AND DIST. OF ELECTR
Revenue
$159,583,311
CONTRIB IN AID OF CONST
Revenue
$3,148,181
PATRONAGE ALLOC RECEIVED
Revenue
$1,684,110
Organization Details
Founding Year
1938
Phone
(410) 479-0420Principal Officer
Micheal E Malandro
Main Address
10384 RIVER ROAD, DENTON, MD, 21629
Website
www.choptankelectric.coopNTEE Category
Code: W80 - Public benefit
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