Overview
What is Central Florida Electric Cooperative Inc?
Central Florida Electric Cooperative Inc, headquartered in the community it serves, is a member-owned organization dedicated to delivering dependable electricity to its members at the most affordable prices, while maintaining fiscal and environmental responsibility. As a prominent example of an Electric Cooperative, Central Florida Electric Cooperative prioritizes superior service, competitive pricing, and genuine concern for its consumers, community, and the environment.
Official website here: www.cfec.com
What do the Facebook reviews say about Central Florida Electric Cooperative Inc?
72% of 70 reviewers on Facebook recommend Central Florida Electric Cooperative Inc. Here is a summary of their reviews:
Overall, the sentiment among users shows a blend of satisfaction and frustration. Some customers appreciate the service provided, particularly in areas such as responsiveness during outages. However, there are significant concerns regarding billing practices, especially during power outages caused by natural disasters like Hurricane Irma. One reviewer expressed dissatisfaction over being charged for days without service, highlighting a perceived lack of transparency and communication from the cooperative.
While a portion of members feels positively about their experience, the negative feedback regarding billing policies indicates room for improvement in customer relations and service clarity. Balancing prompt service with fair billing practices may help in addressing the concerns raised by some of its members.
This AI summary has been generated from reviews found on Facebook.
Is Central Florida Electric Cooperative Inc legitimate?
Central Florida Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Central Florida 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: $1,387,521
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cfec.com
What is the mission statement of Central Florida Electric Cooperative Inc?
Central Florida Electric Cooperative Inc is a member-owned organization dedicated to delivering reliable electric service to its community at affordable rates. The cooperative values fiscal and environmental responsibility in all its actions. Striving to be an exemplary electric cooperative, it prioritizes excellent service, competitive pricing, and consumer, community, and environmental concerns in its day-to-day operations.
Official website here: www.cfec.com
Who is the CEO of Central Florida Electric Cooperative Inc?
Denny George is the Principal Officer of Central Florida Electric Cooperative Inc.
Official website here: www.cfec.com
What is the revenue of Central Florida Electric Cooperative Inc?
Central Florida Electric Cooperative Inc's revenue in 2022 was $82,660,488.
Official website here: www.cfec.com
Who are the executives of Central Florida Electric Cooperative Inc and what are their salaries?
The average compensation at Central Florida Electric Cooperative Inc during 2022 was $12,500. There are 111 employees at Central Florida Electric Cooperative Inc.
Here are 20 key members and their salaries:
- Compensation: $16,300
- Related: $0
- Other: $0
- Compensation: $17,334
- Related: $0
- Other: $0
- Compensation: $10,900
- Related: $0
- Other: $0
- Compensation: $11,150
- Related: $0
- Other: $0
- Compensation: $23,500
- Related: $0
- Other: $0
- Compensation: $16,300
- Related: $0
- Other: $0
- Compensation: $17,200
- Related: $0
- Other: $0
- Compensation: $17,900
- Related: $0
- Other: $0
- Compensation: $17,650
- Related: $0
- Other: $0
- Compensation: $155,791
- Related: $0
- Other: $36,089
- Compensation: $129,196
- Related: $0
- Other: $51,459
- Compensation: $295,006
- Related: $0
- Other: $81,585
- Compensation: $153,152
- Related: $0
- Other: $43,128
- Compensation: $115,772
- Related: $0
- Other: $45,532
- Compensation: $91,225
- Related: $0
- Other: $41,352
- Compensation: $166,446
- Related: $0
- Other: $41,425
- Compensation: $119,541
- Related: $0
- Other: $42,973
- Compensation: $126,138
- Related: $0
- Other: $32,700
- Compensation: $120,675
- Related: $0
- Other: $50,136
- Compensation: $139,925
- Related: $0
- Other: $36,671
Official website here: www.cfec.com
Where can I find the form 990 for Central Florida Electric Cooperative Inc?
Central Florida Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cfec.com
Learn more at the official website: www.cfec.com
Mission Statement of Central Florida Electric Cooperative Inc
Central Florida Electric Cooperative, Inc. (CFEC) is a community-focused, member-owned organization that prioritizes delivering dependable electrical services to its members at the most affordable rates. Committed to financial and environmental responsibility, CFEC strives to set an exemplary standard as an Electric Cooperative. The cooperative's mission revolves around three guiding principles: excellent service, competitive rates, and prioritizing the needs of the consumer, community, and environment.
In practice, CFEC consistently works towards providing top-notch electrical services to its members-owners. By maintaining a strong commitment to reliability and affordability, the organization ensures that every household and business under its purview can access the essential power they need. Moreover, CFEC's forward-thinking approach to fiscal and environmental responsibility sets it apart. The cooperative diligently manages its resources to ensure long-term sustainability while minimizing the environmental impact of its operations.
Through its unwavering dedication to the community it serves, CFEC has established itself as a trusted partner for its members. With a mission to be the finest example of an Electric Cooperative, CFEC's every action is guided by its commitment to service, affordability, and the well-being of its members and the environment.
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Impact
October, 2024
Central Florida Electric Cooperative Inc (CFEC) plays a significant role in the community by delivering reliable electricity while prioritizing affordability and environmental sustainability. As a member-owned organization, CFEC ensures that its operations are aligned with the interests of its members, focusing on providing services at the lowest possible rates without compromising quality.
By maintaining a strong commitment to fiscal responsibility, CFEC not only supports its members but also contributes to the overall economic health of the Chiefland area and surrounding communities. The cooperative model fosters a sense of community engagement and empowerment among its members, who have a stake in the cooperative's success and decision-making processes.
CFEC's dedication to environmental stewardship further enhances its impact. By adopting practices that minimize environmental harm and promote sustainability, the cooperative positions itself as a leader in responsible energy consumption. This approach not only benefits current members but also ensures that future generations have access to reliable energy sources.
Overall, Central Florida Electric Cooperative Inc exemplifies how a community-focused organization can provide essential services while respecting both consumer needs and environmental obligations, creating a positive ripple effect throughout the region.
This information is meant to be a general summary of Central Florida 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: $101,730
- Program Service Revenue: $82,558,758
- Gross Receipts: $82,660,488
Assets and Liabilities:
- Total Assets: $182,366,640
- Total Liabilities: $119,814,088
- Net Assets: $62,552,552
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Sale of Energy
Revenue
$81,824,998
Qualified Pole Rental
Revenue
$733,760
Organization Details
Founding Year
1939
Phone
(800) 227-1302Principal Officer
Denny George
Main Address
PO BOX 9, CHIEFLAND, FL, 326440009
Website
www.cfec.comNTEE Category
Code: W80 - Public benefit
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