Overview
What is First Electric Cooperative Corporation?
First Electric Cooperative Corporation is a nonprofit organization dedicated to enhancing the quality of life of its members by supplying top-notch, dependable, and affordable electric services on a cooperative basis. They achieved 99,113 active services at the end of their last financial report. The corporation operates on a cooperative model, which means that members benefit from the profits generated through the allocation of patronage capital.
Official website here: www.firstelectric.coop
What are the reviews and ratings of this charity?
First Electric Cooperative Corporation is not currently rated by Charity Navigator. The absence of a rating suggests that the organization has not been evaluated, rather than indicating a positive or negative standing. This is largely due to its classification; First Electric Cooperative Corporation is not a 501(c)(3) registered nonprofit, thus it falls outside of Charity Navigator's rating capabilities.
While Charity Navigator typically uses metrics such as Accountability & Finance or Impact & Measurement to produce evaluations, these do not apply appropriately here because of the organizational structure and IRS registration status of First Electric Cooperative. Consequently, data regarding financials, such as total revenue and key salary information, is unavailable.
No user reviews are available on GreatNonprofits for First Electric Cooperative Corporation. Thus, public sentiment or personal testimonials reflecting user interactions with the organization remain undocumented, leaving a gap in consumer feedback and community engagement perception.
This AI summary has been generated from information found on Charity Navigator.
Is First Electric Cooperative Corporation legitimate?
First Electric Cooperative Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. First 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: $3,190,703
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,739,039
For more financial information, click here
Official website here: www.firstelectric.coop
What is the mission statement of First Electric Cooperative Corporation?
First Electric Cooperative Corporation strives to enhance the living standards of its members by delivering quality, dependable, and budget-friendly electric services. This cooperative operates on a collaborative basis, allowing members to share in its profits through patronage capital. With 99,113 active services, the corporation is dedicated to providing a consistent and essential utility to its community, aiming to improve overall well-being and development. By focusing on affordability, reliability, and sustainability, First Electric Cooperative Corporation continues to make a significant difference in people's lives.
Official website here: www.firstelectric.coop
Who is the CEO of First Electric Cooperative Corporation?
Don Crabbe is the President/Ceo of First Electric Cooperative Corporation. The CEO's salary of First Electric Cooperative Corporation is $702,861 and their total compensation is $888,547.
Official website here: www.firstelectric.coop
What is the revenue of First Electric Cooperative Corporation?
First Electric Cooperative Corporation's revenue in 2022 was $273,232,530.
Official website here: www.firstelectric.coop
Who are the executives of First Electric Cooperative Corporation and what are their salaries?
The average compensation at First Electric Cooperative Corporation during 2022 was $65,366. There are 259 employees at First Electric Cooperative Corporation.
Here are 22 key members and their salaries (First Electric Cooperative Corporation's CEO's salary is $702,861 and their total compensation is $888,547):
- Compensation: $39,375
- Related: $0
- Other: $0
- Compensation: $21,701
- Related: $0
- Other: $0
- Compensation: $39,160
- Related: $0
- Other: $0
- Compensation: $39,560
- Related: $0
- Other: $0
- Compensation: $41,961
- Related: $0
- Other: $0
- Compensation: $18,769
- Related: $0
- Other: $0
- Compensation: $36,660
- Related: $0
- Other: $0
- Compensation: $39,252
- Related: $0
- Other: $0
- Compensation: $39,160
- Related: $0
- Other: $0
- Compensation: $19,780
- Related: $0
- Other: $0
- Compensation: $702,861
- Related: $0
- Other: $185,686
- Compensation: $230,412
- Related: $0
- Other: $31,519
- Compensation: $205,731
- Related: $0
- Other: $217,788
- Compensation: $215,210
- Related: $0
- Other: $137,316
- Compensation: $226,202
- Related: $0
- Other: $157,967
- Compensation: $197,219
- Related: $0
- Other: $125,081
- Compensation: $190,499
- Related: $0
- Other: $31,834
- Compensation: $171,084
- Related: $0
- Other: $72,125
- Compensation: $167,928
- Related: $0
- Other: $22,188
- Compensation: $154,774
- Related: $0
- Other: $118,016
- Compensation: $147,804
- Related: $0
- Other: $58,680
- Compensation: $147,522
- Related: $0
- Other: $24,235
Official website here: www.firstelectric.coop
Where can I find the form 990 for First Electric Cooperative Corporation?
First Electric Cooperative Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.firstelectric.coop
Learn more at the official website: www.firstelectric.coop
Mission Statement of First Electric Cooperative Corporation
First Electric Cooperative Corporation, a dedicated nonprofit organization, strives to enhance the living standards of its members by delivering top-notch, dependable, and budget-friendly electric services on a cooperative basis. By pooling resources together, the corporation allocates patronage capital, contributing to the overall improvement of the community it serves. With a membership base of 99,113 active services, First Electric Cooperative Corporation's commitment to providing essential electric services has significantly touched the lives of its members.
Through its cooperative business model, First Electric Cooperative Corporation goes beyond just energy provision. It seeks to create a positive impact on the quality of life of its members, ensuring they have access to reliable and affordable electric services. This approach fosters a sense of community and mutual responsibility, where members are not just consumers but active participants in the organization's mission. The corporation's dedication to its members extends beyond powering their homes and businesses, as it continues to prioritize their well-being and invest in the long-term sustainability of the cooperative.
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Impact
October, 2024
First Electric Cooperative Corporation significantly enhances the quality of life for its members by delivering reliable and affordable electric service. With a focus on cooperative principles, it ensures that its resources are effectively allocated to benefit its 99,113 active services. This commitment to quality service not only meets the essential energy needs of its members but also fosters community development and well-being in Jacksonville, Arkansas. By prioritizing member satisfaction and engagement, First Electric Cooperative plays a vital role in strengthening the local economy and improving the overall standard of living for its community.
This information is meant to be a general summary of First 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $7,627,059
- Program Service Revenue: $257,131,614
- Gross Receipts: $273,862,918
Assets and Liabilities:
- Total Assets: $665,270,338
- Total Liabilities: $357,980,934
- Net Assets: $307,289,404
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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
$251,119,967
PATRONAGE DIVIDENDS
Revenue
$4,080,714
SERVICE FEES
Revenue
$1,855,594
OTHER PROGRAM REVENUE
Revenue
$67,401
SURGE PROTECTOR REVENUE
Revenue
$7,938
Organization Details
Founding Year
1937
Phone
(501) 982-4545Principal Officer
Don Crabbe
Main Address
1000 S JP WRIGHT LOOP ROAD, JACKSONVILLE, AR, 720765264
Website
www.firstelectric.coopNTEE Category
Code: W80 - Public benefit
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