Carroll Electric Cooperative Corporation

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

EIN: 710027635 ✦ Berryville, AR ✦ Designated as a 501(c)(12)

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Overview

What is Carroll Electric Cooperative Corporation?

Carroll Electric Cooperative Corporation is a nonprofit organization based in Berryville, Arkansas. With a strong commitment to its members, the cooperative sells electric power on a cooperative basis at cost, including the allocation of patronage capital. At the end of the year, there were 113,815 active services. The corporation's mission is to provide safe, reliable, and affordable electric power to its members, serving a total of 341 employees.


Official website here: www.carrollecc.com

What are the reviews and ratings of this charity?

Carroll Electric Cooperative Corporation is not currently rated by Charity Navigator. This absence of a rating does not necessarily indicate anything positive or negative about the organization, but rather reflects its ineligibility for a rating under Charity Navigator's criteria. It is not a 501(c)(3) organization, which precludes it from being evaluated under Charity Navigator's existing methodologies.

The lack of a rating means there is limited third-party assessment available regarding Carroll Electric's accountability, financial health, or other impact metrics traditionally used to evaluate nonprofit organizations. Potential stakeholders or donors should consider this limitation and seek additional resources or direct information from Carroll Electric for informed decision-making.

There are no user reviews available for Carroll Electric Cooperative Corporation on GreatNonprofits. Consequently, public feedback regarding personal experiences with the organization is not accessible for those seeking community insights into its operations or impact.


This AI summary has been generated from information found on Charity Navigator.

Is Carroll Electric Cooperative Corporation legitimate?

Carroll Electric Cooperative Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Carroll Electric Cooperative Corporation 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: $1,965,120
Professional Fundraising Fees: $0
Other Salaries and Wages: $18,394,724

For more financial information, click here


Official website here: www.carrollecc.com

What is the mission statement of Carroll Electric Cooperative Corporation?

Carroll Electric Cooperative Corporation is dedicated to providing its members with electricity that is safe, reliable, and affordable. The cooperative's primary purpose is to serve its members, as expressed in its mission statement. The corporation sells electric power to its members on a cooperative basis, with the allocation of patronage capital. At the end of the year, there were 113,815 active services being provided by the corporation. The cooperative's goal is to ensure that its members have access to electricity that they can rely on, without undue financial burden. The cooperative's commitment to safety, reliability, and affordability underpins its dedication to serving its members effectively.


Official website here: www.carrollecc.com

Who is the CEO of Carroll Electric Cooperative Corporation?

Robert Boaz is the Chairman of Carroll Electric Cooperative Corporation. The CEO's salary of Carroll Electric Cooperative Corporation is $613,121 and their total compensation is $1,107,744.


Official website here: www.carrollecc.com

What is the revenue of Carroll Electric Cooperative Corporation?

Carroll Electric Cooperative Corporation's revenue in 2022 was $275,207,800.


Official website here: www.carrollecc.com

Who are the executives of Carroll Electric Cooperative Corporation and what are their salaries?

The average compensation at Carroll Electric Cooperative Corporation during 2022 was $59,706. There are 341 employees at Carroll Electric Cooperative Corporation.


Here are 16 key members and their salaries (Carroll Electric Cooperative Corporation's CEO's salary is $613,121 and their total compensation is $1,107,744):


Alan Hunnicutt (Chairman)
  • Compensation: $31,966
  • Related: $0
  • Other: $39
Carla Hathorn (Vice Chairman)
  • Compensation: $36,313
  • Related: $0
  • Other: $38
Winfred Prier (Secretary/Treasurer)
  • Compensation: $31,092
  • Related: $0
  • Other: $0
J Neff Basore (Director)
  • Compensation: $31,966
  • Related: $0
  • Other: $29
David Glass (Director)
  • Compensation: $42,966
  • Related: $0
  • Other: $40
Kristy Noble-Tesch (Director)
  • Compensation: $41,866
  • Related: $0
  • Other: $33
Bobby G Raulston (Director)
  • Compensation: $36,916
  • Related: $0
  • Other: $21
Charles R Shinn (Director)
  • Compensation: $38,016
  • Related: $0
  • Other: $43
Joseph R Spivey (Director)
  • Compensation: $40,216
  • Related: $0
  • Other: $35
Robert Boaz (President/Ceo)
  • Compensation: $613,121
  • Related: $0
  • Other: $494,623
Chad Allen (Vp Financial Services)
  • Compensation: $245,131
  • Related: $0
  • Other: $280,650
Kean Steely (Vp Engineering & Operations)
  • Compensation: $323,529
  • Related: $0
  • Other: $230,318
Michael Dodge (Vp Bentonville District)
  • Compensation: $278,432
  • Related: $0
  • Other: $254,565
Cory Smith (Vp Corporate Relations)
  • Compensation: $244,470
  • Related: $0
  • Other: $158,378
Tyler Ashworth (Vp Team Services)
  • Compensation: $240,942
  • Related: $0
  • Other: $168,179
John Worley (Vp Benton County Line Services)
  • Compensation: $227,805
  • Related: $0
  • Other: $376,354


Official website here: www.carrollecc.com

Where can I find the form 990 for Carroll Electric Cooperative Corporation?

Carroll Electric Cooperative Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.carrollecc.com

Learn more at the official website: www.carrollecc.com

Mission Statement of Carroll Electric Cooperative Corporation

Carroll Electric Cooperative Corporation, a dedicated organization, is committed to supplying its members with electricity that is safe, dependable, and affordable. Established with a clear mission, the corporation aims to deliver essential electric power to its members on a cooperative basis, ensuring fair and cost-effective prices for all. At the end of the year, the corporation counted 113,815 active services, demonstrating its widespread reach and dedication to its members. By selling electricity at cost, Carroll Electric Cooperative Corporation allocates patronage capital, which further strengthens its commitment to its community of users.

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Impact




October, 2024

Carroll Electric Cooperative Corporation plays a vital role in the community by providing safe, reliable, and affordable electricity to its members. With 113,815 active services at year-end, it ensures that households and businesses in Berryville, Arkansas, have access to consistent energy. The cooperative operates on a cost-based model, meaning electricity is sold at cost, and any surplus is allocated back to members through patronage capital. This structure not only promotes affordability but also fosters a sense of community ownership and engagement among its members. Through its commitment to serving the public benefit, Carroll Electric strengthens local infrastructure and supports the economic vitality of the region.




This information is meant to be a general summary of Carroll Electric Cooperative Corporation. 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.

Revenue
$275,207,800 (2022)
Expenses
$275,207,800 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,996,049
  • Program Service Revenue: $269,502,877
  • Gross Receipts: $275,806,051

Assets and Liabilities:

  • Total Assets: $831,063,495
  • Total Liabilities: $560,180,516
  • Net Assets: $270,882,979

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Programs

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

SALES OF ELECTRICITY

Revenue

$261,900,047

PATRONAGE DIVIDENDS

Revenue

$5,010,848

SERVICE FEES

Revenue

$2,263,548

SURGE SUPPRESSOR REVENUE

Revenue

$248,252

OTHER PROGRAM REVENUE

Revenue

$80,182

Organization Details

Founding Year

1937

Principal Officer

Robert Boaz

Main Address

PO BOX 4000, BERRYVILLE, AR, 72616

NTEE Category

Code: W80 - Public benefit

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