Overview
What is Petit Jean Electric Cooperative Corporation?
Petit Jean Electric Cooperative Corporation is a nonprofit organization located in Clinton, Arkansas (PO Box 37). With a mission to provide reliable and quality electric service at fair and competitive prices, they operate on a cooperative basis, allocating patronage capital to members. Their activities reached 20,778 active services as of the year end. The cooperative is committed to leading local communities, fostering positive growth within their service area. They employ a workforce of 80 individuals.
Official website here: www.pjecc.com
What are the reviews and ratings of this charity?
Petit Jean Electric Cooperative Corporation is not currently rated by Charity Navigator as it is not a 501(c)(3) IRS registered nonprofit. Charity Navigator assesses only organizations qualifying under specific tax codes, hence this cooperative falls outside their evaluable criteria. The absence of a rating doesn't imply any positive or negative evaluation; it simply indicates that these standards are not applicable.
The organization's historical ratings primarily reflected Accountability and Finance aspects. However, this did not factor Leadership & Adaptability or Culture & Community elements, which are currently considered in evaluations. Without the IRS classification, Petit Jean Electric Cooperative Corporation's data on revenue, expenses, and key salaries remain unavailable.
No user reviews from GreatNonprofits were found for Petit Jean Electric Cooperative Corporation.
This AI summary has been generated from information found on Charity Navigator.
Is Petit Jean Electric Cooperative Corporation legitimate?
Petit Jean Electric Cooperative Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Petit Jean 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: $1,117,590
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,099,554
For more financial information, click here
Official website here: www.pjecc.com
What is the mission statement of Petit Jean Electric Cooperative Corporation?
Petit Jean Electric Cooperative Corporation is dedicated to delivering reliable and quality electric service to its members at reasonable prices. The cooperative provides leadership within local communities, contributing to positive growth within its service area. Through the cooperative business model, Petit Jean Electric allocates patronage capital to provide electric energy to its members. At the end of the year, there were 20,778 active services.
Official website here: www.pjecc.com
Who is the CEO of Petit Jean Electric Cooperative Corporation?
Michael Kirkland is the Ceo/General Manager of Petit Jean Electric Cooperative Corporation. The CEO's salary of Petit Jean Electric Cooperative Corporation is $356,581 and their total compensation is $671,820.
Official website here: www.pjecc.com
What is the revenue of Petit Jean Electric Cooperative Corporation?
Petit Jean Electric Cooperative Corporation's revenue in 2022 was $46,747,332.
Official website here: www.pjecc.com
Who are the executives of Petit Jean Electric Cooperative Corporation and what are their salaries?
The average compensation at Petit Jean Electric Cooperative Corporation during 2022 was $52,714. There are 80 employees at Petit Jean Electric Cooperative Corporation.
Here are 16 key members and their salaries (Petit Jean Electric Cooperative Corporation's CEO's salary is $356,581 and their total compensation is $671,820):
- Compensation: $38,305
- Related: $0
- Other: $0
- Compensation: $34,233
- Related: $0
- Other: $0
- Compensation: $30,514
- Related: $0
- Other: $0
- Compensation: $28,851
- Related: $0
- Other: $0
- Compensation: $28,618
- Related: $0
- Other: $0
- Compensation: $28,283
- Related: $0
- Other: $0
- Compensation: $27,964
- Related: $0
- Other: $0
- Compensation: $25,355
- Related: $0
- Other: $0
- Compensation: $16,995
- Related: $0
- Other: $0
- Compensation: $356,581
- Related: $0
- Other: $315,239
- Compensation: $124,788
- Related: $0
- Other: $61,864
- Compensation: $122,580
- Related: $0
- Other: $97,806
- Compensation: $128,090
- Related: $0
- Other: $88,055
- Compensation: $134,315
- Related: $0
- Other: $72,768
- Compensation: $124,169
- Related: $0
- Other: $82,139
- Compensation: $111,445
- Related: $0
- Other: $41,142
Official website here: www.pjecc.com
Where can I find the form 990 for Petit Jean Electric Cooperative Corporation?
Petit Jean Electric Cooperative Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pjecc.com
Learn more at the official website: www.pjecc.com
Mission Statement of Petit Jean Electric Cooperative Corporation
Petit Jean Electric Cooperative Corporation, a not-for-profit organization, is dedicated to delivering reliable and quality electric service to its members at fair and competitive prices. Operating on a cooperative basis, the corporation ensures that its members receive the essential electric energy they need to power their homes and businesses.
Beyond providing essential electric service, Petit Jean Electric Cooperative Corporation also demonstrates leadership within local communities, fostering positive growth within its service area. This commitment to community development is an integral part of the corporation's mission.
As a cooperative, Petit Jean Electric Cooperative Corporation sets itself apart by allocating patronage capital to its members. By the end of the year, there were 20,778 active services being provided by the corporation. This model not only ensures that the members receive affordable electric service but also allows them to benefit from the collective success of the organization. Through its cooperative approach, Petit Jean Electric Cooperative Corporation continues to make a significant impact on the lives of its members and the communities it serves.
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Impact
October, 2024
Petit Jean Electric Cooperative Corporation plays a crucial role in delivering quality and reliable electric service to its members in Clinton, Arkansas, and the surrounding areas. With 20,778 active services, the cooperative ensures that its members receive electricity at cost, promoting fairness and transparency in pricing.
By prioritizing the allocation of patronage capital, Petit Jean Electric fosters a cooperative model that benefits its members directly. The cooperative’s mission focuses on offering dependable electric service at competitive prices, which is vital for both individual households and local businesses.
In addition to its core service, Petit Jean Electric is committed to leadership within local communities, actively facilitating positive growth in the region. This approach not only enhances the quality of life for residents but also supports economic development initiatives that can lead to job creation and increased investment in the area. Through these efforts, Petit Jean Electric contributes significantly to the overall well-being and prosperity of the communities it serves.
This information is meant to be a general summary of Petit Jean 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: $402,735
- Program Service Revenue: $42,689,747
- Gross Receipts: $46,750,045
Assets and Liabilities:
- Total Assets: $166,442,334
- Total Liabilities: $118,982,668
- Net Assets: $47,459,666
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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
$41,996,754
PATRONAGE DIVIDENDS
Revenue
$486,746
SERVICE FEES
Revenue
$179,825
OTHER PROGRAM REVENUE
Revenue
$26,422
Organization Details
Founding Year
1940
Phone
(501) 745-2493Principal Officer
Michael Kirkland
Main Address
PO BOX 37, CLINTON, AR, 72031
Website
www.pjecc.comNTEE Category
Code: W80 - Public benefit
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