Overview
What is A & N Electric Cooperative?
A & N Electric Cooperative is a nonprofit organization based in Tasley, Virginia. Their primary mission is to ensure reliable and safe electricity delivery to their cooperative members. With a team of 87 employees, their operations include significant expenses on the cost of power, depreciation, and salaries and wages. They are dedicated to providing efficient electric services to their community.
Official website here: www.anec.com
Is A & N Electric Cooperative legitimate?
A & N Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. A & N 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: $1,446,968
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,605,142
For more financial information, click here
Official website here: www.anec.com
What is the mission statement of A & N Electric Cooperative?
A & N Electric Cooperative is committed to ensuring the safe and efficient delivery of electricity to its members. This cooperative prioritizes the provision of reliable power to enhance the daily lives of those it serves. The core activities of the cooperative are centered around the cost of power, depreciation, and salaries and wages, as indicated by the three largest program services. The cooperative's primary mission is to maintain a robust and effective electrical infrastructure to ensure consistent power delivery to its members. Additionally, the cooperative focuses on continuous improvement and innovation to provide enhanced value and satisfaction to its customer base.
Official website here: www.anec.com
Who is the CEO of A & N Electric Cooperative?
Ralph W Dodd is the President & of A & N Electric Cooperative.
Official website here: www.anec.com
What is the revenue of A & N Electric Cooperative?
A & N Electric Cooperative's revenue in 2022 was $86,304,717.
Official website here: www.anec.com
Who are the executives of A & N Electric Cooperative and what are their salaries?
The average compensation at A & N Electric Cooperative during 2022 was $92,553. There are 87 employees at A & N Electric Cooperative.
Here are 19 key members and their salaries:
- Compensation: $337,090
- Related: $0
- Other: $244,401
- Compensation: $205,981
- Related: $0
- Other: $68,680
- Compensation: $177,769
- Related: $0
- Other: $69,192
- Compensation: $179,848
- Related: $0
- Other: $63,174
- Compensation: $152,880
- Related: $0
- Other: $73,042
- Compensation: $159,605
- Related: $0
- Other: $43,941
- Compensation: $172,014
- Related: $0
- Other: $30,025
- Compensation: $149,056
- Related: $0
- Other: $36,554
- Compensation: $147,860
- Related: $0
- Other: $25,892
- Compensation: $22,816
- Related: $0
- Other: $0
- Compensation: $21,099
- Related: $0
- Other: $0
- Compensation: $20,100
- Related: $0
- Other: $0
- Compensation: $18,650
- Related: $0
- Other: $0
- Compensation: $14,800
- Related: $0
- Other: $0
- Compensation: $13,550
- Related: $0
- Other: $0
- Compensation: $12,900
- Related: $0
- Other: $0
- Compensation: $7,600
- Related: $0
- Other: $0
- Compensation: $7,200
- Related: $0
- Other: $0
- Compensation: $3,100
- Related: $0
- Other: $0
Official website here: www.anec.com
Where can I find the form 990 for A & N Electric Cooperative?
A & N Electric Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.anec.com
Learn more at the official website: www.anec.com
Mission Statement of A & N Electric Cooperative
A & N Electric Cooperative is dedicated to delivering safe and effective electricity to its cooperative members. This mission is at the heart of the organization's activities, ensuring that every household and business connected to its power grid receives a reliable supply of electricity.
The cooperative's primary focus lies in the meticulous and secure distribution of electricity to its members. It invests significantly in the cost of power and depreciation to maintain the infrastructure required for this essential service. Furthermore, the cooperative places great importance on the salary and wages of its staff, recognizing that a well-trained and motivated team is crucial for achieving its mission.
In essence, A & N Electric Cooperative's mission is to provide its members with a consistent and dependable source of electricity, enabling them to maintain a comfortable standard of living and support their daily activities. By prioritizing safety and effectiveness, the cooperative fosters a strong sense of trust and satisfaction among its members.
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Impact
October, 2024
A & N Electric Cooperative significantly impacts its community by ensuring the safe and effective distribution of electricity to its members. Operating from Tasley, VA, the cooperative prioritizes reliable energy delivery as a cornerstone of its mission.
With substantial expenditures focused on essential services, the cooperative allocates the majority of its resources to cover the cost of power, which amounts to over $58 million. This commitment underscores the cooperative's dedication to providing consistent and affordable electricity to its members.
In addition to power procurement, A & N Electric Cooperative invests in infrastructure through depreciation and workforce expenses, reflecting its commitment to maintaining and enhancing the reliability of its services. Salaries and wages, totaling more than $6.6 million, highlight the cooperative’s focus on skilled personnel who are critical to the effective operation of the electrical distribution system.
Overall, A & N Electric Cooperative plays a vital role in the local community by facilitating access to power, supporting economic development, and enhancing the quality of life for its members.
This information is meant to be a general summary of A & N 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: $277,819
- Program Service Revenue: $85,439,423
- Gross Receipts: $86,331,126
Assets and Liabilities:
- Total Assets: $215,060,644
- Total Liabilities: $133,828,019
- Net Assets: $81,232,625
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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 ELECTRICITY
Revenue
$83,656,275
CIAC
Revenue
$835,577
MAINTENANCE AGREEMENT
Revenue
$593,668
CASH PATRONAGE RECEIVED
Revenue
$353,903
Organization Details
Founding Year
1940
Phone
(757) 787-9750Principal Officer
Ralph W Dodd
Main Address
PO BOX 290, TASLEY, VA, 23441
Website
www.anec.comNTEE Category
Code: W80 - Public benefit
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