Overview
What is Claiborne Electric Cooperative Inc?
Claiborne Electric Cooperative Inc, headquartered in Homer, Louisiana, serves as an essential utility provider to approximately 18,518 rural community members. They are dedicated to the wholesale purchase, distribution, and retail sale of electricity, ensuring uninterrupted power supply to their rural clientele. The cooperative prides itself on employing a team of 81 individuals to manage and maintain their electrical infrastructure.
Official website here: www.our.coop
What are the reviews and ratings of this charity?
Claiborne Electric Cooperative Inc is not currently rated by Charity Navigator because it does not have a 501(c)(3) IRS registration, which is a requirement for such evaluations. This absence of a rating implies neither a positive nor a negative assessment, as ratings depend on various evaluative criteria that can only be applied to registered 501(c)(3) organizations.
Without a rating, Charity Navigator's standard methodologies for evaluating Accountability & Finance, Impact & Measurement, Culture & Community, and Leadership & Adaptability cannot be applied. Therefore, there is limited data available on its operations, financial transparency, and organizational impact through this platform.
Furthermore, there are no user reviews available on GreatNonprofits, leaving a gap in qualitative insights from individuals who might have interacted directly with Claiborne Electric Cooperative Inc. As such, public perception of the organization remains unclear from these sources.
This AI summary has been generated from information found on Charity Navigator.
Is Claiborne Electric Cooperative Inc legitimate?
Claiborne Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Claiborne 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 tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $654,731
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.our.coop
What is the mission statement of Claiborne Electric Cooperative Inc?
Claiborne Electric Cooperative Inc is dedicated to providing electrical power to approximately 18,518 rural members. Through the wholesale purchase, distribution, and retail sale of electricity, this cooperative ensures that its community members have consistent access to this essential resource. By delivering electricity to these members, Claiborne Electric Cooperative Inc contributes significantly to enhancing the quality of life and promoting economic growth in the area. The cooperative's mission is centered on reliably delivering electricity to its members, ensuring their homes and businesses have the power they need to thrive.
Official website here: www.our.coop
Who is the CEO of Claiborne Electric Cooperative Inc?
Mark Brown is the CEO of Claiborne Electric Cooperative Inc The CEO's salary of Claiborne Electric Cooperative Inc is $249,113 and their total compensation is $326,709.
Official website here: www.our.coop
What is the revenue of Claiborne Electric Cooperative Inc?
Claiborne Electric Cooperative Inc's revenue in 2023 was $66,495,647.
Official website here: www.our.coop
Who are the executives of Claiborne Electric Cooperative Inc and what are their salaries?
The average compensation at Claiborne Electric Cooperative Inc during 2023 was $8,083. There are 81 employees at Claiborne Electric Cooperative Inc.
Here are 16 key members and their salaries (Claiborne Electric Cooperative Inc's CEO's salary is $249,113 and their total compensation is $326,709):
- Compensation: $249,113
- Related: $0
- Other: $77,596
- Compensation: $170,462
- Related: $0
- Other: $63,060
- Compensation: $174,704
- Related: $0
- Other: $52,242
- Compensation: $167,608
- Related: $0
- Other: $51,912
- Compensation: $156,277
- Related: $0
- Other: $50,224
- Compensation: $152,153
- Related: $0
- Other: $54,259
- Compensation: $169,188
- Related: $0
- Other: $36,323
- Compensation: $21,000
- Related: $0
- Other: $0
- Compensation: $13,000
- Related: $0
- Other: $0
- Compensation: $11,000
- Related: $0
- Other: $0
- Compensation: $10,000
- Related: $0
- Other: $0
- Compensation: $10,000
- Related: $0
- Other: $0
- Compensation: $7,500
- Related: $0
- Other: $0
- Compensation: $7,500
- Related: $0
- Other: $0
- Compensation: $7,500
- Related: $0
- Other: $0
- Compensation: $7,000
- Related: $0
- Other: $0
Official website here: www.our.coop
Where can I find the form 990 for Claiborne Electric Cooperative Inc?
Claiborne Electric Cooperative Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.our.coop
Learn more at the official website: www.our.coop
Mission Statement of Claiborne Electric Cooperative Inc
Claiborne Electric Cooperative Inc is a vital organization committed to providing electrical power to approximately 18,518 rural members. With a mission centered around the wholesale purchase, distribution, and retail sale of electricity, this cooperative plays a significant role in bringing essential energy to its community.
The cooperative's primary objective is to ensure that its members have consistent access to electricity, powering their homes and businesses. By engaging in the wholesale market and strategically distributing the electricity to its members, Claiborne Electric Cooperative Inc bridges the gap between energy production and rural consumption.
Furthermore, the cooperative's retail sales division is dedicated to delivering the electricity directly to its members. This personalized approach not only ensures efficient power delivery but also fosters a strong connection between the cooperative and its community. By focusing on the needs of its rural members, Claiborne Electric Cooperative Inc continues to make a positive impact on the lives of those it serves.
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Impact
October, 2024
Claiborne Electric Cooperative Inc significantly impacts the communities it serves by providing reliable electrical power to approximately 18,518 rural members in and around Homer, Louisiana. By ensuring access to electricity, the Cooperative plays a vital role in enhancing the quality of life for its members, enabling them to use modern conveniences, improve their homes, and foster economic development. Their commitment to wholesale purchase, distribution, and retail sale of electricity supports local economies and provides essential services that are critical for both residents and businesses in rural areas. As a result, Claiborne Electric Cooperative not only meets the energy needs of its members but also contributes to the overall well-being and growth of the community.
This information is meant to be a general summary of Claiborne Electric Cooperative Inc. 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 2023.
- Investment Income: $1,563,867
- Program Service Revenue: $64,473,504
- Gross Receipts: $66,495,647
Assets and Liabilities:
- Total Assets: $130,568,003
- Total Liabilities: $105,555,642
- Net Assets: $25,012,361
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF ELECTRIC ENERGY
Revenue
$64,473,504
Organization Details
Founding Year
1938
Principal Officer
Mark Brown
Website
www.our.coopNTEE Category
Code: W80 - Public benefit
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