Withlacoochee River Electric Cooperative Inc

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

EIN: 590545223 ✦ Dade city, FL ✦ Designated as a 501(c)(12)

Overview

What is Withlacoochee River Electric Cooperative Inc?

Withlacoochee River Electric Cooperative Inc is a rural electric cooperative based in Dade City, Florida. Their primary mission is to provide their members with superior electric services at the most affordable price. With a workforce of 573 employees, they ensure the goal of delivering high-quality electricity is met for all their members. The cooperative's focus on affordability and excellent service has been its driving force since its inception.


Official website here: www.wrec.net

Is Withlacoochee River Electric Cooperative Inc legitimate?

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

Here are some key statistics you may want to consider:

Executive Compensation: $1,491,519
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,509,869

For more financial information, click here


Official website here: www.wrec.net

What is the mission statement of Withlacoochee River Electric Cooperative Inc?

Withlacoochee River Electric Cooperative Inc is committed to delivering top-notch electric services to its members at the most affordable prices. The cooperative's primary objective is to ensure each member receives the best possible electrical service while keeping costs low. The cooperative's dedication extends beyond just selling electricity, as it strives to be a reliable partner to its rural community. By focusing on delivering quality and affordability, Withlacoochee River Electric Cooperative Inc aims to build strong relationships with its members and contribute to their overall satisfaction.


Official website here: www.wrec.net

Who is the CEO of Withlacoochee River Electric Cooperative Inc?

David B Lambert Ii is the Executive Vi of Withlacoochee River Electric Cooperative Inc.


Official website here: www.wrec.net

What is the revenue of Withlacoochee River Electric Cooperative Inc?

Withlacoochee River Electric Cooperative Inc's revenue in 2022 was $584,081,760.


Official website here: www.wrec.net

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

The average compensation at Withlacoochee River Electric Cooperative Inc during 2022 was $5,238. There are 573 employees at Withlacoochee River Electric Cooperative Inc.

Here are 16 key members and their salaries:

    Billy Brown (Executive Vi)
  • Compensation: $0
  • Related: $1,101,784
  • Other: $18,113

    • David B Lambert Ii (Manager)
  • Compensation: $267,250
  • Related: $0
  • Other: $169,482

    • Ronnie Deese (Manager)
  • Compensation: $277,686
  • Related: $0
  • Other: $93,195

    • Marlin Sexton Jr (District Man)
  • Compensation: $215,030
  • Related: $0
  • Other: $97,467

    • William Prim (Sr Engineer)
  • Compensation: $261,838
  • Related: $0
  • Other: $30,605

    • David Gonzalez (District Man)
  • Compensation: $207,213
  • Related: $0
  • Other: $29,662

    • Joseph Marina (District Man)
  • Compensation: $210,467
  • Related: $0
  • Other: $20,855

    • Alan Hengesbach (Sec'Y/Treasu) [Trustee/Director]
  • Compensation: $43,862
  • Related: $0
  • Other: $0

    • Terrence Schrader (President) [Trustee/Director]
  • Compensation: $41,762
  • Related: $0
  • Other: $0

    • Kimberly Kinney (Trustee)
  • Compensation: $33,812
  • Related: $0
  • Other: $0

    • Desmond G Little (Trustee)
  • Compensation: $33,791
  • Related: $0
  • Other: $0

    • Robert Barthle (Trustee)
  • Compensation: $32,912
  • Related: $0
  • Other: $0

    • Patricia P Bechtelheimer (Trustee)
  • Compensation: $28,424
  • Related: $0
  • Other: $0

    • Paul Little (Trustee)
  • Compensation: $28,087
  • Related: $0
  • Other: $0

    • Robert W Strickland (Vice Preside) [Trustee/Director]
  • Compensation: $20,966
  • Related: $0
  • Other: $0

    • David Hunnicutt (Trustee)
  • Compensation: $17,100
  • Related: $0
  • Other: $0


  • Official website here: www.wrec.net

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

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


    Official website here: www.wrec.net

    Learn more at the official website: www.wrec.net

    Mission Statement of Withlacoochee River Electric Cooperative Inc

    Withlacoochee River Electric Cooperative Inc, a rural electric cooperative, is dedicated to delivering top-quality electric services to each of its members at the most affordable prices. By prioritizing the needs of its community, the cooperative sets the goal of providing the best possible service at the lowest cost.

    With a commitment to excellence, Withlacoochee River Electric Cooperative Inc strives to ensure that every member receives the reliable and efficient electricity they require. The cooperative's mission is to build strong relationships and foster a sense of trust through its unwavering dedication to customer satisfaction. By working closely with its members and adapting to their specific needs, the cooperative is able to deliver on its promise of quality and affordability.

    As a not-for-profit organization, Withlacoochee River Electric Cooperative Inc is driven by its desire to make a positive impact in the lives of its members. Through its sale of electricity, the cooperative plays a vital role in powering homes and businesses, enabling growth and progress in the community it serves. By keeping costs low and consistently delivering high-quality service, the cooperative not only enhances the daily lives of its members but also contributes to a stronger and more prosperous community as a whole.

    Impact

    This information is meant to be a general summary of Withlacoochee River 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

    Withlacoochee River Electric Cooperative Inc provides electricity to its members in a cost-effective manner, ensuring reliable service to rural communities in Florida. Its impact can be seen in the improved quality of life for its members, who are able to access essential electricity services at affordable rates. By fulfilling its mission to provide the best possible service at the lowest cost, the cooperative contributes to the economic development and well-being of the areas it serves.





    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: $5,437,953
  • Program Service Revenue: $577,939,187
  • Gross Receipts: $584,668,859

    • Assets and Liabilities:
  • Total Assets: $1,278,036,654
  • Total Liabilities: $637,390,767
  • Net Assets: $640,645,887
  • Programs

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

    ELECTRICITY SALES

    Revenue

    $562,731,851

    G&T CAPITAL CREDITS

    Revenue

    $6,800,000

    QUALIFIED POLE RENTAL

    Revenue

    $4,934,358

    OTHER CAPITAL CREDITS

    Revenue

    $1,786,839

    HOME GENERATOR

    Revenue

    $1,686,139

    Organization Details

    Founding Year

    1941

    Principal Officer

    David B Lambert Ii

    Main Address

    PO BOX 278, DADE CITY, FL, 33526

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Withlacoochee River 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.