Overview
What is Jefferson Davis Electric Cooperative Inc?
Jefferson Davis Electric Cooperative Inc, located in Jennings, Louisiana, is a nonprofit organization dedicated to providing quality and reliable electric service to its members at cost on a cooperative basis. With 58 employees, they operate under the mission to make electric energy available to their members at the lowest cost, ensuring sound economy and good management. The cooperative had 10,302 active services at the year end, and the core of their activities revolves around the sale of electric energy to members through the allocation of patronage capital.
Official website here: www.jdec.org
What do the Facebook reviews say about Jefferson Davis Electric Cooperative Inc?
82% of 88 reviewers on Facebook recommend Jefferson Davis Electric Cooperative Inc. Here is a summary of their reviews:
Overall, there is a positive sentiment towards the cooperative, particularly highlighting the dedication and bravery of the workers during challenging weather conditions. One reviewer expressed gratitude for the efforts made to restore power after storms, acknowledging the risks taken by the electrical staff to ensure service continuity.
While some users noted challenges with service disruptions, the appreciation for the employees' commitment to the community and the acknowledgment of their hard work seem to resonate strongly. Many feel a sense of community and support for the cooperative's mission, emphasizing its essential role in their daily lives.
This AI summary has been generated from reviews found on Facebook.
Is Jefferson Davis Electric Cooperative Inc legitimate?
Jefferson Davis Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Jefferson Davis 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: $814,194
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,191,398
For more financial information, click here
Official website here: www.jdec.org
What is the mission statement of Jefferson Davis Electric Cooperative Inc?
Jefferson Davis Electric Cooperative Inc is dedicated to providing quality and reliable electric service to its members at an affordable cost. The cooperative's objective is to make electric energy accessible to its members in a cost-effective manner, ensuring sound economic practices and good management. Through cooperative sales, the company allocates patronage capital to its members, serving a total of 10,302 active services at year end.
Official website here: www.jdec.org
Who is the CEO of Jefferson Davis Electric Cooperative Inc?
Michael Heinen is the Director (Jan-July) of Jefferson Davis Electric Cooperative Inc. The CEO's salary of Jefferson Davis Electric Cooperative Inc is $211,106 and their total compensation is $384,541.
Official website here: www.jdec.org
What is the revenue of Jefferson Davis Electric Cooperative Inc?
Jefferson Davis Electric Cooperative Inc's revenue in 2022 was $31,094,212.
Official website here: www.jdec.org
Who are the executives of Jefferson Davis Electric Cooperative Inc and what are their salaries?
The average compensation at Jefferson Davis Electric Cooperative Inc during 2022 was $51,821. There are 58 employees at Jefferson Davis Electric Cooperative Inc.
Here are 15 key members and their salaries (Jefferson Davis Electric Cooperative Inc's CEO's salary is $211,106 and their total compensation is $384,541):
- Compensation: $24,153
- Related: $0
- Other: $0
- Compensation: $26,902
- Related: $0
- Other: $0
- Compensation: $27,002
- Related: $0
- Other: $0
- Compensation: $27,102
- Related: $0
- Other: $0
- Compensation: $27,102
- Related: $0
- Other: $0
- Compensation: $25,735
- Related: $0
- Other: $0
- Compensation: $2,500
- Related: $0
- Other: $0
- Compensation: $27,292
- Related: $0
- Other: $0
- Compensation: $13,339
- Related: $0
- Other: $0
- Compensation: $211,106
- Related: $0
- Other: $173,435
- Compensation: $69,731
- Related: $0
- Other: $35,200
- Compensation: $76,388
- Related: $0
- Other: $47,207
- Compensation: $101,727
- Related: $0
- Other: $49,467
- Compensation: $12,839
- Related: $0
- Other: $0
- Compensation: $12,839
- Related: $0
- Other: $0
Official website here: www.jdec.org
Where can I find the form 990 for Jefferson Davis Electric Cooperative Inc?
Jefferson Davis Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.jdec.org
Learn more at the official website: www.jdec.org
Mission Statement of Jefferson Davis Electric Cooperative Inc
Jefferson Davis Electric Cooperative Inc, a not-for-profit organization, is dedicated to delivering top-quality and dependable electric service to its members at cost. The cooperative's ultimate objective is to make electric energy accessible to its subscribers at the most economical price, ensuring sound budgeting and efficient management. Through the cooperative business model, Jefferson Davis Electric Cooperative sells electricity to its members at cost, distributing the generated surplus as patronage capital. The company reported 10,302 active services at the end of the year.
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Impact
October, 2024
Jefferson Davis Electric Cooperative Inc plays a significant role in its community by providing quality and reliable electric service to its members at cost through a cooperative model. By focusing on the allocation of patronage capital, the cooperative ensures that its 10,302 active members benefit directly from their participation, with the ultimate aim of keeping electricity affordable. This structure not only enhances the financial well-being of its members but also fosters a sense of community ownership and involvement. Additionally, the cooperative's commitment to sound economic practices and good management strengthens its ability to reliably deliver energy, contributing to the overall development and stability of Jennings, LA and the surrounding areas.
This information is meant to be a general summary of Jefferson Davis 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 2022.
- Investment Income: $97,354
- Program Service Revenue: $30,893,863
- Gross Receipts: $31,190,334
Assets and Liabilities:
- Total Assets: $284,262,532
- Total Liabilities: $262,141,681
- Net Assets: $22,120,851
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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
$30,381,509
PATRONAGE DIVIDENDS
Revenue
$512,354
Organization Details
Founding Year
1941
Phone
(337) 824-4330Principal Officer
Michael Heinen
Main Address
906 N LAKE ARTHUR AVE, JENNINGS, LA, 70546
Website
www.jdec.orgNTEE Category
Code: W80 - Public benefit
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