Overview
What is Florida Keys Electric Cooperative Association Inc?
Florida Keys Electric Cooperative Association Inc is a nonprofit organization headquartered at 91630 Overseas Hwy, Tavernier, FL 33070. Established with a mission to provide quality and reliable electric service to its cooperative members, the association ended the previous year with 34,140 active services. The cooperative is dedicated to offering excellent customer service through top-notch electric service reliability, affordable rates, teamwork among employees, and a strong commitment to integrity in all its endeavors. The cooperative's responsibility extends beyond electricity allocation, as it also allocates patronage capital on a cooperative basis.
Official website here: www.fkec.com
Is Florida Keys Electric Cooperative Association Inc legitimate?
Florida Keys Electric Cooperative Association Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Florida Keys Electric Cooperative Association 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: $1,540,358
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,060,510
For more financial information, click here
Official website here: www.fkec.com
What is the mission statement of Florida Keys Electric Cooperative Association Inc?
The Florida Keys Electric Cooperative Association Inc is dedicated to delivering top-notch electric service to its cooperative members. The cooperative's mission is to provide excellent and innovative customer service, ensuring reliable electricity, affordable rates, and employee teamwork with the highest degree of integrity. In 2020, the cooperative successfully provided electricity to 34,140 active services through the allocation of patronage capital.
Official website here: www.fkec.com
Who is the CEO of Florida Keys Electric Cooperative Association Inc?
Scott Newberry is the CEO of Florida Keys Electric Cooperative Association Inc The CEO's salary of Florida Keys Electric Cooperative Association Inc is $386,958 and their total compensation is $569,604.
Official website here: www.fkec.com
What is the revenue of Florida Keys Electric Cooperative Association Inc?
Florida Keys Electric Cooperative Association Inc's revenue in 2023 was $102,799,205.
Official website here: www.fkec.com
Who are the executives of Florida Keys Electric Cooperative Association Inc and what are their salaries?
The average compensation at Florida Keys Electric Cooperative Association Inc during 2023 was $73,289. There are 131 employees at Florida Keys Electric Cooperative Association Inc.
Here are 17 key members and their salaries (Florida Keys Electric Cooperative Association Inc's CEO's salary is $386,958 and their total compensation is $569,604):
- Compensation: $28,400
- Related: $0
- Other: $0
- Compensation: $35,050
- Related: $0
- Other: $0
- Compensation: $28,450
- Related: $0
- Other: $0
- Compensation: $37,850
- Related: $0
- Other: $0
- Compensation: $28,650
- Related: $0
- Other: $0
- Compensation: $33,600
- Related: $0
- Other: $0
- Compensation: $33,850
- Related: $0
- Other: $0
- Compensation: $31,200
- Related: $0
- Other: $0
- Compensation: $28,750
- Related: $0
- Other: $0
- Compensation: $386,958
- Related: $0
- Other: $182,646
- Compensation: $244,417
- Related: $0
- Other: $109,976
- Compensation: $247,264
- Related: $0
- Other: $83,297
- Compensation: $190,558
- Related: $0
- Other: $166,481
- Compensation: $198,228
- Related: $0
- Other: $87,179
- Compensation: $226,583
- Related: $0
- Other: $31,027
- Compensation: $190,665
- Related: $0
- Other: $66,407
- Compensation: $205,609
- Related: $0
- Other: $52,865
Official website here: www.fkec.com
Where can I find the form 990 for Florida Keys Electric Cooperative Association Inc?
Florida Keys Electric Cooperative Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.fkec.com
Learn more at the official website: www.fkec.com
Mission Statement of Florida Keys Electric Cooperative Association Inc
Florida Keys Electric Cooperative Association Inc, a dedicated organization, is committed to delivering top-quality and dependable electric services to its cooperative members. The cooperative's mission is twofold: to ensure excellent customer service and provide innovative solutions that reflect in exceptional electric service reliability, affordable rates, and unwavering employee teamwork. The cooperative's actions are guided by the highest degree of integrity, ensuring that all cooperative endeavors align with these principles.
The cooperative's unwavering responsibility to its members is reflected in the provision of electricity on a cooperative basis. This approach, which involves the allocation of patronage capital, empowers the members to share in the cooperative's success and growth. Florida Keys Electric Cooperative Association Inc has served its members well, ending the year with 34,140 active services that benefited from the cooperative's commitment to providing reliable electric energy. The cooperative's mission goes beyond just providing electricity; it strives to build strong relationships and foster a sense of community among its members.
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Impact
October, 2024
Florida Keys Electric Cooperative Association Inc plays a crucial role in delivering quality and reliable electric service to its members in the Florida Keys. With over 34,140 active services, the cooperative ensures access to electricity on a cooperative basis, which focuses on community-driven support and shared benefits among its members.
The cooperative is committed to providing excellent customer service, high electric service reliability, and affordable rates. This commitment is reflected in their operational practices that emphasize employee teamwork and integrity in all endeavors. By prioritizing these core values, Florida Keys Electric Cooperative actively fosters a strong sense of community and mutual benefit among its members, contributing to the overall quality of life in the region.
This information is meant to be a general summary of Florida Keys Electric Cooperative Association 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 2023.
- Investment Income: $97,051
- Program Service Revenue: $101,730,092
- Gross Receipts: $102,869,098
Assets and Liabilities:
- Total Assets: $213,461,453
- Total Liabilities: $138,660,768
- Net Assets: $74,800,685
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRICITY SALES
Revenue
$98,499,452
ELECTRICITY WHEELING
Revenue
$2,162,264
PATRONAGE DIVIDENDS
Revenue
$837,376
SERVICE FEES
Revenue
$230,925
OTHER
Revenue
$75
Organization Details
Founding Year
1940
Principal Officer
Scott Newberry
Website
www.fkec.comNTEE Category
Code: Y22 - Mutual benefit
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