Craig-Botetourt Electric Cooperative

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

EIN: 540183175 ✦ New castle, VA ✦ Designated as a 501(c)(12)

Overview

What is Craig-Botetourt Electric Cooperative?

Craig-Botetourt Electric Cooperative is a public utility based in New Castle, Virginia. Their primary mission involves the sale and distribution of electricity to their community members. As a cooperative, they are committed to providing essential electrical services to their customers.


Official website here: www.cbec.coop

Is Craig-Botetourt Electric Cooperative legitimate?

Craig-Botetourt Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Craig-Botetourt 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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $370,749
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,761,835

For more financial information, click here


Official website here: www.cbec.coop

What is the mission statement of Craig-Botetourt Electric Cooperative?

Craig-Botetourt Electric Cooperative is a utility organization dedicated to the provision of electricity services. Based in New Castle, Virginia, the cooperative focuses on the sale and distribution of electricity to its member base. The cooperative's primary mission is to ensure reliable and efficient electricity delivery to its members, enhancing their quality of life. By selling and distributing electricity, the cooperative plays a crucial role in powering homes and businesses within its community. Additionally, it may offer various programs or services aimed at promoting energy conservation, customer education, or community engagement. However, specific details regarding such initiatives are not provided in the input data.


Official website here: www.cbec.coop

Who is the CEO of Craig-Botetourt Electric Cooperative?

Jeff M Ahearn is the Ceo of Craig-Botetourt Electric Cooperative. The CEO's salary of Craig-Botetourt Electric Cooperative is $163,077 and their total compensation is $206,098.


Official website here: www.cbec.coop

What is the revenue of Craig-Botetourt Electric Cooperative?

Craig-Botetourt Electric Cooperative's revenue in 2022 was $15,725,716.


Official website here: www.cbec.coop

Who are the executives of Craig-Botetourt Electric Cooperative and what are their salaries?

The average compensation at Craig-Botetourt Electric Cooperative during 2022 was $71,086. There are 30 employees at Craig-Botetourt Electric Cooperative.

Here are 8 key members and their salaries (Craig-Botetourt Electric Cooperative's CEO's salary is $163,077 and their total compensation is $206,098):

    Jeff M Ahearn (Ceo)
  • Compensation: $163,077
  • Related: $0
  • Other: $43,021

    • Tim Kaczmarski (Director Of)
  • Compensation: $90,008
  • Related: $0
  • Other: $34,423

    • Jc Winstead (Director)
  • Compensation: $7,870
  • Related: $0
  • Other: $0

    • Frank R Garman Jr (President) [Trustee/Director]
  • Compensation: $7,800
  • Related: $0
  • Other: $0

    • Everette J Harlow (Director)
  • Compensation: $6,600
  • Related: $0
  • Other: $0

    • Patrick J Ryan (Secretary/Tr) [Trustee/Director]
  • Compensation: $6,550
  • Related: $0
  • Other: $0

    • James E Huffman (Vice Preside) [Trustee/Director]
  • Compensation: $6,400
  • Related: $0
  • Other: $0

    • Travis Shrewsbury (Asst Secreta) [Trustee/Director]
  • Compensation: $5,000
  • Related: $0
  • Other: $0


  • Official website here: www.cbec.coop

    Where can I find the form 990 for Craig-Botetourt Electric Cooperative?

    The Craig-Botetourt Electric Cooperative’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.cbec.coop

    Learn more at the official website: www.cbec.coop

    Mission Statement of Craig-Botetourt Electric Cooperative

    Craig-Botetourt Electric Cooperative, headquartered in New Castle, VA, is a dedicated provider of electric power to its community members. With a mission to sell and distribute electricity, this public utility ensures the consistent flow of this essential resource to homes and businesses within its network.

    As a vital part of its local community, Craig-Botetourt Electric Cooperative plays a significant role in keeping the power on for its members. By providing the sale and distribution of electricity, it ensures the community remains connected and productive. The cooperative's commitment to its members is unwavering, making it an indispensable organization in the region.

    Craig-Botetourt Electric Cooperative's team of professionals works diligently around the clock to ensure a dependable and efficient electric grid. Their expertise and dedication enable the cooperative to respond effectively to power outages, ensuring minimal disruption to the daily lives of its members. Through their tireless efforts, Craig-Botetourt Electric Cooperative has built a reputation as a reliable partner in energy provision.

    Impact

    This information is meant to be a general summary of Craig-Botetourt Electric Cooperative. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Craig-Botetourt Electric Cooperative provides the vital service of the sale and distribution of electricity to its members in New Castle, VA. This cooperative plays a significant role in ensuring that residents and businesses in the area have access to reliable electricity to power their daily lives and operations. By delivering this essential service, Craig-Botetourt Electric Cooperative contributes to the overall well-being and functioning of the community it serves.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

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

  • Investment Income: $57,004
  • Program Service Revenue: $15,120,236
  • Gross Receipts: $15,725,716

    • Assets and Liabilities:
  • Total Assets: $41,328,881
  • Total Liabilities: $27,759,848
  • Net Assets: $13,569,033
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    ELECTRICITY TO MEMBERS

    Revenue

    $14,952,112

    CIAC

    Revenue

    $150,844

    PATRONAGE ALLOCATIONS

    Revenue

    $17,280

    Organization Details

    Founding Year

    1936

    Principal Officer

    Jeff M Ahearn

    Main Address

    PO BOX 265, NEW CASTLE, VA, 24127

    NTEE Category

    Code: W80 - Public benefit

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