Choctawhatchee Electric Cooperative Inc

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

EIN: 590192831 ✦ Defuniak springs, FL ✦ Designated as a 501(c)(12)

Overview

What is Choctawhatchee Electric Cooperative Inc?

Choctawhatchee Electric Cooperative Inc is a nonprofit organization based in Defuniak Springs, Florida. With a workforce of 182 employees, their primary mission is to provide electric services to residents and businesses in parts of Holmes, Okaloosa, Santa Rosa, and Walton counties. This cooperative aims to ensure reliable and efficient electricity, enhancing the quality of life for the community members it serves.


Official website here: www.chelco.com

Is Choctawhatchee Electric Cooperative Inc legitimate?

Choctawhatchee Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Choctawhatchee 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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $1,073,989
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.chelco.com

What is the mission statement of Choctawhatchee Electric Cooperative Inc?

Choctawhatchee Electric Cooperative Inc is dedicated to delivering electric service to communities in various parts of Holmes, Okaloosa, Santa Rosa, and Walton Counties. The cooperative's central objective is to ensure uninterrupted power supply to its members, providing them with essential electricity to support their daily lives. By catering to the energy needs of these regions, Choctawhatchee Electric Cooperative Inc plays a vital role in enhancing the overall quality of life for its community members. Additionally, the cooperative strives to foster sustainable growth and development, ensuring that its services meet the evolving energy requirements of its expanding customer base.


Official website here: www.chelco.com

Who is the CEO of Choctawhatchee Electric Cooperative Inc?

Stephen Rhodes is the President of Choctawhatchee Electric Cooperative Inc. The CEO's salary of Choctawhatchee Electric Cooperative Inc is $435,467 and their total compensation is $814,586.


Official website here: www.chelco.com

What is the revenue of Choctawhatchee Electric Cooperative Inc?

Choctawhatchee Electric Cooperative Inc's revenue in 2022 was $140,151,380.


Official website here: www.chelco.com

Who are the executives of Choctawhatchee Electric Cooperative Inc and what are their salaries?

The average compensation at Choctawhatchee Electric Cooperative Inc during 2022 was $5,901. There are 182 employees at Choctawhatchee Electric Cooperative Inc.

Here are 17 key members and their salaries (Choctawhatchee Electric Cooperative Inc's CEO's salary is $435,467 and their total compensation is $814,586):

    Stephen T Rhodes (Chief Executive Officer)
  • Compensation: $435,467
  • Related: $0
  • Other: $379,119

    • Jonathan M Avery (Senior Vp Of E&O)
  • Compensation: $204,685
  • Related: $0
  • Other: $110,939

    • Emily E Cowan (Vp Of Member Svcs)
  • Compensation: $167,926
  • Related: $0
  • Other: $130,759

    • Franklin Scott Seay (Vp Of Administration)
  • Compensation: $187,404
  • Related: $0
  • Other: $81,419

    • George Paul (Working Foreman)
  • Compensation: $131,202
  • Related: $0
  • Other: $82,877

    • Robin C Shaw (Vp Of Finance)
  • Compensation: $171,293
  • Related: $0
  • Other: $41,957

    • Jeffery Truett (Working Foreman)
  • Compensation: $131,401
  • Related: $0
  • Other: $63,138

    • Kevin Jones (Manager Of Engineering)
  • Compensation: $134,816
  • Related: $0
  • Other: $48,308

    • Terry J Pilcher (Trustee)
  • Compensation: $27,000
  • Related: $0
  • Other: $0

    • Brady Bearden (Vice President) [Trustee/Director]
  • Compensation: $21,600
  • Related: $1,800
  • Other: $0

    • Bert Prutzman (Asst Secretary/Treasurer) [Trustee/Director]
  • Compensation: $19,800
  • Related: $1,800
  • Other: $0

    • Gerald Edmondson (President) [Trustee/Director]
  • Compensation: $18,000
  • Related: $1,800
  • Other: $0

    • Dwayne Davis (Trustee)
  • Compensation: $19,800
  • Related: $0
  • Other: $0

    • Gayle Hughes (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $17,100
  • Related: $0
  • Other: $0

    • Ronald C Jones (Trustee)
  • Compensation: $11,700
  • Related: $1,800
  • Other: $0

    • Reese Harrison (Trustee)
  • Compensation: $13,050
  • Related: $0
  • Other: $0

    • Mikel Lee Perry (Trustee)
  • Compensation: $12,150
  • Related: $0
  • Other: $0


  • Official website here: www.chelco.com

    Where can I find the form 990 for Choctawhatchee Electric Cooperative Inc?

    The Choctawhatchee Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.chelco.com

    Learn more at the official website: www.chelco.com

    Mission Statement of Choctawhatchee Electric Cooperative Inc

    Choctawhatchee Electric Cooperative Inc, a dedicated organization, is committed to delivering electric service to members residing in parts of Holmes, Okaloosa, Santa Rosa, and Walton Counties. With a clear mission in mind, this cooperative strives to ensure that electricity reaches every corner of the communities it serves.

    In essence, Choctawhatchee Electric Cooperative Inc's primary purpose is to provide essential electric services to its valued members. By extending the power of electricity, the cooperative plays a vital role in improving the quality of life for countless families and businesses. The cooperative's unwavering dedication to its mission is evident in its daily operations and the exceptional services it offers.

    The cooperative's team of skilled professionals and technicians work tirelessly to ensure the reliable and consistent delivery of electricity. Their commitment to excellent service is unmatched, as they navigate the unique challenges of serving remote and rural areas. By delivering electricity to these communities, Choctawhatchee Electric Cooperative Inc empowers its members to lead better lives, connect with the world, and grow their businesses. The organization's unwavering commitment to its mission is a testament to its enduring legacy and the positive impact it has on the lives of those it serves.

    Impact

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




    Thursday, August 15, 2024

    Choctawhatchee Electric Cooperative Inc's impact is significant in providing reliable electric service to members in parts of Holmes, Okaloosa, Santa Rosa, and Walton counties. By ensuring access to electricity in these areas, the cooperative plays a crucial role in supporting the daily lives and economic activities of its members. The cooperative's operations contribute to the overall development and well-being of the communities it serves, playing a key role in maintaining essential services and infrastructure.





    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: $353,795
  • Program Service Revenue: $139,797,585
  • Gross Receipts: $140,153,701

    • Assets and Liabilities:
  • Total Assets: $375,282,827
  • Total Liabilities: $253,907,670
  • Net Assets: $121,375,157
  • Programs

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

    SALE OF ELECTRICITY

    Revenue

    $125,952,651

    EGLIN CONTRACT REVENUES

    Revenue

    $10,186,874

    CAPITAL CREDITS

    Revenue

    $2,179,995

    OTHER REVENUES

    Revenue

    $833,681

    POLE RENTAL

    Revenue

    $644,384

    Organization Details

    Founding Year

    1941

    Principal Officer

    Stephen Rhodes

    Main Address

    PO BOX 512, DEFUNIAK SPRINGS, FL, 324350512

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Choctawhatchee Electric Cooperative Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.