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
What are the reviews and ratings of this charity?
Choctawhatchee Electric Cooperative Inc is not currently rated by Charity Navigator. The absence of a rating does not reflect a positive or negative assessment of the organization. For Charity Navigator to provide a rating, specific beacon scores related to Accountability & Finance or Impact & Measurement are typically used, but these are not available in this case.
The organization is independent of larger affiliations and is not categorized under the 501(c)(3) status. This means it is not eligible for tax-deductible contributions and thus not subject to the same evaluation criteria as 501(c)(3) nonprofits. Historical ratings from Charity Navigator predominantly focused on Accountability and Finance aspects but remain not applicable in this context.
No user reviews are available from GreatNonprofits, which limits public insights into personal experiences or community impressions of the organization. Without this feedback, it is challenging to assess public sentiment or detailed strengths and weaknesses from a community standpoint.
This AI summary has been generated from information found on Charity Navigator.
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 tax deductible.
Heare 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):
- Compensation: $18,000
- Related: $1,800
- Other: $0
- Compensation: $21,600
- Related: $1,800
- Other: $0
- Compensation: $17,100
- Related: $0
- Other: $0
- Compensation: $19,800
- Related: $1,800
- Other: $0
- Compensation: $435,467
- Related: $0
- Other: $379,119
- Compensation: $171,293
- Related: $0
- Other: $41,957
- Compensation: $12,150
- Related: $0
- Other: $0
- Compensation: $27,000
- Related: $0
- Other: $0
- Compensation: $13,050
- Related: $0
- Other: $0
- Compensation: $19,800
- Related: $0
- Other: $0
- Compensation: $11,700
- Related: $1,800
- Other: $0
- Compensation: $204,685
- Related: $0
- Other: $110,939
- Compensation: $167,926
- Related: $0
- Other: $130,759
- Compensation: $187,404
- Related: $0
- Other: $81,419
- Compensation: $134,816
- Related: $0
- Other: $48,308
- Compensation: $131,401
- Related: $0
- Other: $63,138
- Compensation: $131,202
- Related: $0
- Other: $82,877
Official website here: www.chelco.com
Where can I find the form 990 for Choctawhatchee Electric Cooperative Inc?
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.
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Impact
October, 2024
Choctawhatchee Electric Cooperative Inc significantly impacts the communities it serves by providing reliable electric service to members across parts of Holmes, Okaloosa, Santa Rosa, and Walton Counties in Florida. Through its commitment to ensuring access to electricity, the cooperative enhances the quality of life for residents and businesses in these areas, supporting economic development and stability. By focusing on the needs of its members, Choctawhatchee Electric Cooperative plays a crucial role in fostering community development, improving safety, and promoting sustainable energy practices. Its operations contribute to local resilience, helping to create a dependable infrastructure that supports both individual households and the broader community.
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.
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: $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
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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
$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
Phone
(850) 892-2111Principal Officer
Stephen Rhodes
Main Address
PO BOX 512, DEFUNIAK SPRINGS, FL, 324350512
Website
www.chelco.comNTEE Category
Code: W80 - Public benefit
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