Overview
What is Community Electric Cooperative?
Community Electric Cooperative is a non-profit organization based in Windsor, Virginia, with a PO Box address (267, 23487). Their primary mission is to safely and effectively distribute electricity to their cooperative members. The organization's largest programs, accounting for a significant portion of their expenses, include the cost of power, salaries and wages, and depreciation and amortization. With a team of 48 employees, Community Electric Cooperative strives to ensure reliable access to electricity for its members.
Official website here: www.comelec.coop
What are the reviews and ratings of this charity?
Community Electric Cooperative is not currently rated by Charity Navigator due to its status as a non-501(c)(3) organization. As such, it does not fit into the typical evaluation methodology of Accountability & Finance, Impact & Measurement, Culture & Community, or Leadership & Adaptability used by Charity Navigator for its ratings.
Despite the absence of a formal rating, this does not inherently reflect any positive or negative stance on the cooperative. The lack of data regarding revenue, expenses, and salary information means that potential stakeholders would need to seek this information through other channels to fully understand the organization's financial health and operational efficiency.
Moreover, there are no user reviews available on GreatNonprofits for Community Electric Cooperative, leaving limited feedback from external sources to inform public perception. Interested parties may need to engage directly with the organization for detailed insights.
This AI summary has been generated from information found on Charity Navigator.
Is Community Electric Cooperative legitimate?
Community Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Community 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: $1,101,046
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,812,284
For more financial information, click here
Official website here: www.comelec.coop
What is the mission statement of Community Electric Cooperative?
Community Electric Cooperative is dedicated to ensuring the safe and efficient delivery of electricity to its member base. This mission is reflected in the cooperative's major program accomplishments, with the largest expenses being attributed to the cost of power, salaries and wages, and depreciation and amortization. By prioritizing the reliable distribution of electricity, Community Electric Cooperative contributes to improving the daily lives and overall well-being of its members. Additionally, the cooperative is focused on ongoing efforts to maintain and upgrade infrastructure, ensuring the continuation of its essential service provision. Overall, Community Electric Cooperative's commitment to a consistent power supply plays a significant role in enhancing the quality of life for its members.
Official website here: www.comelec.coop
Who is the CEO of Community Electric Cooperative?
Steven A Harmon is the President An of Community Electric Cooperative.
Official website here: www.comelec.coop
What is the revenue of Community Electric Cooperative?
Community Electric Cooperative's revenue in 2022 was $28,858,797.
Official website here: www.comelec.coop
Who are the executives of Community Electric Cooperative and what are their salaries?
The average compensation at Community Electric Cooperative during 2022 was $81,528. There are 48 employees at Community Electric Cooperative.
Here are 17 key members and their salaries:
- Compensation: $444,547
- Related: $0
- Other: $87,987
- Compensation: $116,151
- Related: $0
- Other: $113,578
- Compensation: $149,995
- Related: $0
- Other: $67,287
- Compensation: $136,744
- Related: $0
- Other: $53,414
- Compensation: $133,724
- Related: $0
- Other: $51,829
- Compensation: $104,361
- Related: $0
- Other: $53,144
- Compensation: $117,241
- Related: $0
- Other: $23,875
- Compensation: $106,945
- Related: $0
- Other: $20,863
- Compensation: $21,403
- Related: $1,200
- Other: $0
- Compensation: $19,003
- Related: $1,600
- Other: $0
- Compensation: $20,203
- Related: $0
- Other: $0
- Compensation: $19,603
- Related: $0
- Other: $0
- Compensation: $17,603
- Related: $1,600
- Other: $0
- Compensation: $17,103
- Related: $1,600
- Other: $0
- Compensation: $17,153
- Related: $0
- Other: $0
- Compensation: $16,803
- Related: $0
- Other: $0
- Compensation: $16,803
- Related: $0
- Other: $0
Official website here: www.comelec.coop
Where can I find the form 990 for Community Electric Cooperative?
Community Electric Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.comelec.coop
Learn more at the official website: www.comelec.coop
Mission Statement of Community Electric Cooperative
Community Electric Cooperative, a dedicated organization, is committed to delivering safe and efficient electricity to its members. Established with a clear mission, the cooperative focuses on ensuring the reliable distribution of electrical power to enhance the daily lives of its members.
The core activity of Community Electric Cooperative revolves around the safe and effective delivery of electricity. This essential service is at the heart of the organization's mission, with the well-being and satisfaction of its members being the top priority. The cooperative accomplishes this by investing significantly in the cost of power, ensuring a consistent and uninterrupted supply of electricity to its members.
Three of the cooperative's largest program services, as indicated by expenses, are the cost of power, other salaries and wages, and depreciation and amortization. These investments reflect the organization's dedication to maintaining and upgrading its infrastructure, employing a skilled workforce, and ensuring the long-term sustainability of its operations. By focusing on these key areas, Community Electric Cooperative effectively meets the electrical needs of its members, providing them with the energy essential for modern living.
In summary, Community Electric Cooperative stands as a vital organization that prioritizes the safe and efficient distribution of electricity to its members. By investing in the necessary infrastructure, workforce, and long-term sustainability, it consistently delivers reliable power to enhance the daily lives of its members.
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Impact
October, 2024
Community Electric Cooperative plays a vital role in ensuring the safe and effective distribution of electricity to its members in Windsor, VA. With a focus on reliability and service quality, the cooperative has implemented key initiatives that address the energy needs of the local community.
The cooperative's operations are primarily centered around the cost of power, which represents a significant portion of its expenses. This includes not just the procurement of electricity but also the infrastructure needed to deliver it efficiently and safely. Other critical investments include salaries for staff who manage and maintain the distribution network, ensuring that services run smoothly and member concerns are addressed.
In addition to meeting immediate energy needs, Community Electric Cooperative fosters a sense of community by prioritizing member engagement and support. Through its mission, the cooperative reinforces the importance of accessible and dependable electricity, contributing to the overall well-being and economic stability of the regions it serves. The impact of this organization goes beyond electricity; it underpins the daily lives of its members, enhancing their quality of life and supporting local development.
This information is meant to be a general summary of Community 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: $50,902
- Program Service Revenue: $27,050,140
- Gross Receipts: $28,858,797
Assets and Liabilities:
- Total Assets: $58,172,989
- Total Liabilities: $28,129,373
- Net Assets: $30,043,616
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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
$26,450,116
CASH PATRONAGE RECEIVED
Revenue
$332,359
CONT. IN AID OF CONSTRUCT
Revenue
$267,665
Organization Details
Founding Year
1938
Phone
(757) 242-6181Principal Officer
Steven A Harmon
Main Address
POST OFFICE BOX 267, WINDSOR, VA, 23487
Website
www.comelec.coopNTEE Category
Code: W80 - Public benefit
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