Overview
What is Clay Electric Cooperative Inc?
Clay Electric Cooperative Inc is a nonprofit organization based in Keystone Heights, Florida. With a workforce of 524 employees, they focus on providing reliable electric service to consumers in a 15-county area. Their mission goes beyond electricity, aiming to exceed member expectations by delivering excellent customer service alongside competitive rates. The cooperative places great importance on maintaining financial stability to ensure consistent service delivery.
Official website here: www.clayelectric.com
What are the reviews and ratings of this charity?
Clay Electric Cooperative Inc is not currently rated by Charity Navigator. The organization cannot be evaluated by Charity Navigator's standard methodologies because it is not registered as a 501(c)(3) nonprofit, which limits the data available for assessment. Its historical evaluation, therefore, mainly reflects aspects related to Accountability and Finance based on accessible Form 990 data.
The absence of a rating does not inherently indicate a positive or negative evaluation. Charity Navigator's inability to rate Clay Electric using its various beacons such as Impact & Measurement and Leadership & Adaptability arises from its unique foundation status and nonprofit classification. Information on the organization's total revenue, expenses, and salary of key persons is also unavailable.
No user reviews are provided on GreatNonprofits, so specific public sentiments or feedback regarding Clay Electric Cooperative Inc's operations and impact are not present.
Is Clay Electric Cooperative Inc legitimate?
Clay Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Clay 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: $3,666,222
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,497,108
For more financial information, click here
Official website here: www.clayelectric.com
What is the mission statement of Clay Electric Cooperative Inc?
Clay Electric Cooperative Inc strives to surpass its members' expectations by delivering exceptional customer service and dependable electric services at competitive rates. The cooperative prioritizes the financial stability of the organization to ensure the provision of these services. Their mission is to meet and exceed the needs of their consumers, maintaining a strong and reliable electric service for the community. The cooperative's commitment extends beyond just supplying power, focusing on providing value to its members and sustaining the financial health of the cooperative.
Official website here: www.clayelectric.com
Who is the CEO of Clay Electric Cooperative Inc?
Richard K Davis is the Trustee - Treasurer of Clay Electric Cooperative Inc. The CEO's salary of Clay Electric Cooperative Inc is $724,405 and their total compensation is $851,948.
Official website here: www.clayelectric.com
What is the revenue of Clay Electric Cooperative Inc?
Clay Electric Cooperative Inc's revenue in 2022 was $477,827,474.
Official website here: www.clayelectric.com
Who are the executives of Clay Electric Cooperative Inc and what are their salaries?
The average compensation at Clay Electric Cooperative Inc during 2022 was $17,487. There are 524 employees at Clay Electric Cooperative Inc.
Here are 24 key members and their salaries (Clay Electric Cooperative Inc's CEO's salary is $724,405 and their total compensation is $851,948):
- Compensation: $21,400
- Related: $0
- Other: $0
- Compensation: $26,924
- Related: $0
- Other: $0
- Compensation: $39,724
- Related: $0
- Other: $0
- Compensation: $10,800
- Related: $0
- Other: $0
- Compensation: $42,043
- Related: $0
- Other: $0
- Compensation: $32,143
- Related: $0
- Other: $0
- Compensation: $30,886
- Related: $0
- Other: $0
- Compensation: $27,594
- Related: $0
- Other: $0
- Compensation: $31,531
- Related: $0
- Other: $0
- Compensation: $724,405
- Related: $0
- Other: $127,543
- Compensation: $264,866
- Related: $0
- Other: $134,204
- Compensation: $172,690
- Related: $0
- Other: $75,654
- Compensation: $141,090
- Related: $0
- Other: $12,854
- Compensation: $194,103
- Related: $0
- Other: $84,163
- Compensation: $195,361
- Related: $0
- Other: $90,284
- Compensation: $223,388
- Related: $0
- Other: $120,534
- Compensation: $210,267
- Related: $0
- Other: $121,098
- Compensation: $165,069
- Related: $0
- Other: $4,746
- Compensation: $209,916
- Related: $0
- Other: $121,598
- Compensation: $189,882
- Related: $0
- Other: $231,539
- Compensation: $241,045
- Related: $0
- Other: $22,402
- Compensation: $188,314
- Related: $0
- Other: $111,035
- Compensation: $185,355
- Related: $0
- Other: $88,824
- Compensation: $177,533
- Related: $0
- Other: $88,411
Official website here: www.clayelectric.com
Where can I find the form 990 for Clay Electric Cooperative Inc?
Clay Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.clayelectric.com
Learn more at the official website: www.clayelectric.com
Mission Statement of Clay Electric Cooperative Inc
Clay Electric Cooperative Inc strives to surpass the demands of its members by delivering exceptional customer service and dependable electric services at affordable rates. This nonprofit organization is dedicated to ensuring the financial stability of the cooperative while catering to the electricity needs of consumers in a 15-county area.
By providing top-notch customer service, Clay Electric Cooperative Inc aims to meet and exceed the expectations of its members. The cooperative understands the importance of reliable electric service in everyday life and works tirelessly to ensure uninterrupted power supply. Furthermore, by offering competitive rates, the organization makes electric services accessible to a wide range of consumers, enabling them to power their homes and businesses effectively.
At the heart of Clay Electric Cooperative Inc's mission is the commitment to maintaining financial stability. This ensures the cooperative's ability to continue providing reliable electric services and excellent customer care to its members, even in the face of economic challenges. By focusing on both service delivery and financial sustainability, the organization has become a trusted partner for electric services in the communities it serves.
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Impact
October, 2024
Clay Electric Cooperative Inc significantly impacts the communities it serves by providing reliable electric services across a 15-county area in Florida. By prioritizing excellent customer service, the cooperative ensures that members receive the support they need while fostering trust and satisfaction. Its commitment to maintaining competitive rates helps make electricity accessible to its members, enhancing their quality of life.
Moreover, the cooperative's focus on financial stability not only secures its ability to deliver these essential services but also contributes to the overall economic well-being of the communities it operates in. This holistic approach supports local growth and development, aligning with the cooperative's mission to exceed member expectations while actively engaging in public benefit initiatives. Overall, Clay Electric Cooperative Inc plays a crucial role in enhancing both the quality of electric service and the broader community environment.
This information is meant to be a general summary of Clay 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: $285,932
- Program Service Revenue: $477,287,228
- Gross Receipts: $477,828,740
Assets and Liabilities:
- Total Assets: $862,101,039
- Total Liabilities: $453,562,673
- Net Assets: $408,538,366
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRICITY SALES
Revenue
$464,990,317
PATRONAGE CAPITAL
Revenue
$8,380,005
POLE RENTAL
Revenue
$3,447,907
PROGRAM INTEREST
Revenue
$272,654
MERCHANDISING REVENUE
Revenue
$101,870
Organization Details
Founding Year
1937
Phone
(352) 473-8000Principal Officer
Richard K Davis
Main Address
PO BOX 308, KEYSTONE HEIGHTS, FL, 32656
Website
www.clayelectric.comNTEE Category
Code: W80 - Public benefit
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