Clay County Electric Coop Corp

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

EIN: 710033825 ✦ Corning, AR ✦ Designated as a 501(c)(12)

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Overview

What is Clay County Electric Coop Corp?

Clay County Electric Coop Corp is a member-owned cooperative headquartered in Corning, Arkansas. With a workforce of 65 employees, they provide safe, dependable, and consumer-focused utility services to their members and consumers on a non-profit basis. The cooperative sold 290,574,756 kilowatt hours of electric energy in the given period. Their mission is to ensure affordable utility services, prioritizing the needs and satisfaction of their community.


Official website here: www.claycountyelectric.com

What are the reviews and ratings of this charity?

Clay County Electric Coop Corp is not currently rated by Charity Navigator because it is not a 501(c)(3) IRS registered nonprofit organization. Charity Navigator primarily evaluates nonprofits registered under this category, which limits their ability to rate this organization comprehensively. The absence of a rating does not suggest any positive or negative assessment of the cooperative.

While the organization's historical ratings might have focused on Accountability and Finance, there is no current data available regarding its financial specifics, such as revenue, expenses, or key personnel salaries. This information gap further contributes to the inability to provide a thorough evaluation through Charity Navigator’s existing methodologies.

No user reviews for Clay County Electric Coop Corp are available on GreatNonprofits, leaving a gap in firsthand user experiences and feedback. Potential supporters may need to rely on other sources or direct inquiries to assess the cooperative's impact and operations.


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

What do the Facebook reviews say about Clay County Electric Coop Corp?

76% of 29 reviewers on Facebook recommend Clay County Electric Cooperative. Here is a summary of their reviews:

Many commenters express gratitude for the reliable service provided by the cooperative, particularly during challenging weather conditions. One reviewer highlighted their appreciation for the workers and noted the absence of power outages despite severe storms, indicating a strong commitment to maintaining service continuity and community support.

While there are mixed feelings about overall experience, the overall sentiment leans towards satisfaction, especially regarding the staff's efforts and the cooperative's ability to handle adverse situations effectively. This positive feedback reflects a community reliant on dependable electric service, emphasizing the importance of the cooperative's role in ensuring that residents remain connected and safe during tough weather.


This AI summary has been generated from reviews found on Facebook.

Is Clay County Electric Coop Corp legitimate?

Clay County Electric Coop Corp is a legitimate nonprofit organization registered as a 501(c)(12) entity. Clay County Electric Coop Corp 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: $533,551
Professional Fundraising Fees: $0
Other Salaries and Wages: $908,987

For more financial information, click here


Official website here: www.claycountyelectric.com

What is the mission statement of Clay County Electric Coop Corp?

Clay County Electric Coop Corp functions as a member-owned cooperative, committed to delivering safe, affordable, dependable, and consumer-based utility services. Their primary objective is to provide electric energy to their members on a non-profit basis, selling a total of 290,574,756 kilowatt hours annually. The cooperative prioritizes the well-being of its community by ensuring the reliability and affordability of the utility services it offers.


Official website here: www.claycountyelectric.com

Who is the CEO of Clay County Electric Coop Corp?

David Smith is the General Manager of Clay County Electric Coop Corp.


Official website here: www.claycountyelectric.com

What is the revenue of Clay County Electric Coop Corp?

Clay County Electric Coop Corp's revenue in 2022 was $34,556,617.


Official website here: www.claycountyelectric.com

Who are the executives of Clay County Electric Coop Corp and what are their salaries?

The average compensation at Clay County Electric Coop Corp during 2022 was $22,193. There are 65 employees at Clay County Electric Coop Corp.


Here are 15 key members and their salaries:


David Smith (General Manager)
  • Compensation: $251,214
  • Related: $0
  • Other: $88,462
Odis Williams (Manager Of Operations)
  • Compensation: $132,421
  • Related: $0
  • Other: $160,588
Tony Miller (Line Superintendent)
  • Compensation: $113,871
  • Related: $0
  • Other: $75,278
Eric Landreth (Serviceman/Foreman)
  • Compensation: $111,755
  • Related: $0
  • Other: $76,633
Tony Hudson (Serviceman/Foreman)
  • Compensation: $112,249
  • Related: $0
  • Other: $73,490
Matt Miller (Ccc General Manager)
  • Compensation: $115,880
  • Related: $0
  • Other: $40,883
Jerry Turner (Director)
  • Compensation: $27,572
  • Related: $0
  • Other: $0
John Dalton (Board President)
  • Compensation: $26,724
  • Related: $0
  • Other: $0
Connie Pendergrass (Board Secretary/Treasurer)
  • Compensation: $25,702
  • Related: $0
  • Other: $0
Wade Schimming (Director)
  • Compensation: $24,402
  • Related: $0
  • Other: $0
Cary Wilson (Director)
  • Compensation: $24,093
  • Related: $0
  • Other: $0
L Wade Harris (Director)
  • Compensation: $23,446
  • Related: $0
  • Other: $0
Reuben Seay (Director)
  • Compensation: $15,880
  • Related: $0
  • Other: $0
Charles Raglin (Board Vice-President)
  • Compensation: $14,364
  • Related: $0
  • Other: $0
Todd Young (Director)
  • Compensation: $11,692
  • Related: $0
  • Other: $0


Official website here: www.claycountyelectric.com

Where can I find the form 990 for Clay County Electric Coop Corp?

Clay County Electric Coop Corp's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.claycountyelectric.com

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

Mission Statement of Clay County Electric Coop Corp

Clay County Electric Coop Corp, a member-owned cooperative, is dedicated to delivering safe, affordable, dependable, and consumer-based utility services. This non-profit organization is committed to providing its members with reliable electric energy on a non-profit basis. The cooperative prides itself on maintaining the highest safety standards while keeping electricity affordable for its consumers. By operating on a consumer-based model, Clay County Electric Coop Corp ensures that its services align with the needs and preferences of its members.

In the heart of its mission, Clay County Electric Coop Corp focuses on supplying a considerable amount of electric energy to its members. The cooperative sold an impressive 290,574,756 kilowatt hours of electricity in the previous records. This significant volume of energy delivery underscores the importance of the cooperative's role in providing essential utilities to its community of members. By prioritizing consumer satisfaction and reliability, Clay County Electric Coop Corp has become a trusted and indispensable resource for its members.

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Impact




October, 2024

Clay County Electric Cooperative Corporation significantly impacts its community by providing safe, affordable, and dependable electric utility services to its members in Corning, Arkansas. With a remarkable sales record of 290,574,756 kilowatt-hours of electric energy, the cooperative emphasizes consumer-based services that directly cater to the needs of its members. Its mission focuses on delivering reliable and accessible energy, ensuring that the local population benefits from essential utilities that enhance their quality of life. By prioritizing the interests of its consumers, Clay County Electric fosters a sense of community and supports the economic development of the region.




This information is meant to be a general summary of Clay County Electric Coop Corp. 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
$34,556,617 (2022)
Expenses
$43,847,807 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $862,058
  • Program Service Revenue: $40,448,380
  • Gross Receipts: $43,947,625

Assets and Liabilities:

  • Total Assets: $157,028,468
  • Total Liabilities: $79,671,310
  • Net Assets: $77,357,158

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Programs

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

Energy Sales

Revenue

$39,924,234

Generation and Transmission Capital Credits

Revenue

$315,732

Other Capital Credits and Patronage Dividends

Revenue

$208,414

Organization Details

Founding Year

1939

Principal Officer

David Smith

Main Address

PO BOX 459, CORNING, AR, 72422

NTEE Category

Code: W80 - Public benefit

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