Overview
What is Peace River Electric Cooperative Inc?
Peace River Electric Cooperative Inc is a Florida-based nonprofit organization headquartered in Wauchula, with a PO Box address (1310) in zip code 33873. Their primary mission is to deliver reliable electric service and excellent customer service to their members at affordable rates. By the end of the year, they catered to 55,206 active services, offering cooperative electricity through patronage capital. The cooperative employs a team of 136 individuals dedicated to ensuring a consistent power supply and maintaining strong customer relationships.
Official website here: www.preco.org
Is Peace River Electric Cooperative Inc legitimate?
Peace River Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Peace River 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: $571,639
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,359,998
For more financial information, click here
Official website here: www.preco.org
What is the mission statement of Peace River Electric Cooperative Inc?
Peace River Electric Cooperative Inc is dedicated to delivering reliable electric service and exceptional customer service to its members at affordable rates. The cooperative focuses on providing electricity to its members on a cooperative basis, as evidenced by the 55,206 active services provided at the year end. Through their operations, they aim to ensure a steady power supply and offerresponsive and attentive customer care. The cooperative allocates patronage capital to its members, further emphasizing their commitment to affordability and member involvement.
Official website here: www.preco.org
Who is the CEO of Peace River Electric Cooperative Inc?
Randall W Shaw is the General Mana of Peace River Electric Cooperative Inc.
Official website here: www.preco.org
What is the revenue of Peace River Electric Cooperative Inc?
Peace River Electric Cooperative Inc's revenue in 2021 was $110,943,049.
Official website here: www.preco.org
Who are the executives of Peace River Electric Cooperative Inc and what are their salaries?
The average compensation at Peace River Electric Cooperative Inc during 2021 was $14,203. There are 136 employees at Peace River Electric Cooperative Inc.
Here are 15 key members and their salaries:
- Compensation: $346,726
- Related: $0
- Other: $158,261
- Compensation: $213,079
- Related: $0
- Other: $153,797
- Compensation: $203,654
- Related: $0
- Other: $57,197
- Compensation: $192,723
- Related: $0
- Other: $66,534
- Compensation: $170,426
- Related: $0
- Other: $76,625
- Compensation: $148,766
- Related: $0
- Other: $77,196
- Compensation: $12,852
- Related: $0
- Other: $0
- Compensation: $9,900
- Related: $0
- Other: $0
- Compensation: $9,400
- Related: $0
- Other: $0
- Compensation: $8,100
- Related: $0
- Other: $0
- Compensation: $7,600
- Related: $0
- Other: $0
- Compensation: $5,300
- Related: $0
- Other: $0
- Compensation: $4,900
- Related: $0
- Other: $0
- Compensation: $4,900
- Related: $0
- Other: $0
- Compensation: $3,700
- Related: $0
- Other: $0
Official website here: www.preco.org
Where can I find the form 990 for Peace River Electric Cooperative Inc?
Peace River Electric Cooperative Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.preco.org
Learn more at the official website: www.preco.org
Mission Statement of Peace River Electric Cooperative Inc
Peace River Electric Cooperative Inc, a leading cooperative, is dedicated to delivering dependable electric service and exceptional customer service to its members at affordable rates. In simple terms, the organization's core objective is to ensure a consistent electricity supply and maintain a high level of customer satisfaction.
The cooperative, which serves over 55,000 active services at the end of the year, operates on a cooperative basis, allowing members to share in the profits and benefits of the enterprise through the allocation of patronage capital. This economic model, unique to cooperatives, empowers members to have a stake in the business and contribute to its growth.
Peace River Electric Cooperative Inc prides itself on its commitment to providing its members with reliable electricity. This commitment is reflected in its operational efforts to maintain a robust electricity infrastructure and invest in necessary upgrades and improvements. Moreover, the cooperative's customer-focused approach sets it apart, as it continually strives to meet the needs and expectations of its members. The cooperative's team of dedicated professionals ensures that customer queries are addressed promptly and efficiently, making the overall experience a positive one for its members.
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Impact
October, 2024
Peace River Electric Cooperative Inc significantly impacts its community by providing reliable electric service to over 55,206 active members in the Wauchula area. With a commitment to excellent customer service at affordable rates, the cooperative ensures that residents have access to the essential energy they need for their daily lives. By operating on a cooperative basis, the allocation of patronage capital further enhances community engagement and benefits members directly. This approach not only fosters a strong sense of community but also promotes sustainable energy practices, making Peace River Electric Cooperative a vital resource for its members.
This information is meant to be a general summary of Peace River 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 2021.
- Investment Income: $80,386
- Program Service Revenue: $110,862,663
- Gross Receipts: $110,943,049
Assets and Liabilities:
- Total Assets: $298,485,094
- Total Liabilities: $194,983,979
- Net Assets: $103,501,115
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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
$109,757,985
METER LEASES
Revenue
$463,230
POLE RENTAL
Revenue
$332,592
CAPITAL CREDITS - OTHER
Revenue
$308,856
Organization Details
Founding Year
1940
Phone
(863) 773-4116Principal Officer
Randall W Shaw
Main Address
PO BOX 1310, WAUCHULA, FL, 33873
Website
www.preco.orgNTEE Category
Code: W80 - Public benefit
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