Overview
What is Cotton Electric Cooperative Inc?
Cotton Electric Cooperative Inc is a nonprofit organization based in Walters, Oklahoma, with a workforce of 107 employees. Their primary mission is to provide electricity to their members on a cooperative basis, serving approximately 23,422 active accounts at the end of the year. Their patronage capital allocation indicates a commitment to offering cooperative services and returning profits to their community.
Official website here: www.cottonelectric.com
What are the reviews and ratings of this charity?
Cotton Electric Cooperative Inc. is not currently rated by Charity Navigator. The lack of rating does not imply a positive or negative judgment; instead, it indicates that the organization has not been evaluated under the existing rating systems. Charity Navigator ratings typically reflect an organization's Accountability & Finance, Impact & Measurement, Culture & Community, and Leadership & Adaptability scores—criteria not applicable here since Cotton Electric is not a registered 501(c)(3) nonprofit.
The organization operates independently, not affiliated with any broader nonprofit network. However, due to its status outside the 501(c)(3) realm, detailed financial information, including total revenue and salary data of key individuals, is not available. This limits a comprehensive public assessment of its fiscal management and operational effectiveness.
No user reviews for Cotton Electric Cooperative Inc. are provided on GreatNonprofits, leaving prospective supporters without personal testimonials or anecdotal experiences to consider. As a result, stakeholders might find it challenging to gauge the cooperative's impact and community reputation through this platform.
This AI summary has been generated from information found on Charity Navigator.
Is Cotton Electric Cooperative Inc legitimate?
Cotton Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Cotton 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: $1,272,966
Professional Fundraising Fees: $0
Other Salaries and Wages: $771,389
For more financial information, click here
Official website here: www.cottonelectric.com
What is the mission statement of Cotton Electric Cooperative Inc?
Cotton Electric Cooperative Inc is dedicated to providing electricity to its members on a cooperative basis. This means that the cooperative operates as a not-for-profit entity, with the primary goal of delivering electrical power to its community of 23,422 active services at year-end. The cooperative's mission is reflected in its commitment to allocating patronage capital to its members. It prioritizes the cooperative spirit of shared ownership and mutual benefit, with a focus on ensuring consistent electricity supply to its member base. The cooperative's efforts aim to improve the quality of life and well-being of its members by providing them with reliable and accessible electrical services.
Official website here: www.cottonelectric.com
Who is the CEO of Cotton Electric Cooperative Inc?
Jennifer M Meason is the Ceo of Cotton Electric Cooperative Inc. The CEO's salary of Cotton Electric Cooperative Inc is $245,935 and their total compensation is $444,465.
Official website here: www.cottonelectric.com
What is the revenue of Cotton Electric Cooperative Inc?
Cotton Electric Cooperative Inc's revenue in 2022 was $92,171,139.
Official website here: www.cottonelectric.com
Who are the executives of Cotton Electric Cooperative Inc and what are their salaries?
The average compensation at Cotton Electric Cooperative Inc during 2022 was $19,106. There are 107 employees at Cotton Electric Cooperative Inc.
Here are 18 key members and their salaries (Cotton Electric Cooperative Inc's CEO's salary is $245,935 and their total compensation is $444,465):
- Compensation: $245,935
- Related: $0
- Other: $198,530
- Compensation: $150,032
- Related: $0
- Other: $108,196
- Compensation: $146,204
- Related: $0
- Other: $85,371
- Compensation: $104,611
- Related: $0
- Other: $83,311
- Compensation: $118,381
- Related: $0
- Other: $48,764
- Compensation: $105,455
- Related: $0
- Other: $43,452
- Compensation: $103,663
- Related: $0
- Other: $44,749
- Compensation: $102,856
- Related: $0
- Other: $33,539
- Compensation: $100,647
- Related: $0
- Other: $30,866
- Compensation: $27,039
- Related: $0
- Other: $0
- Compensation: $25,779
- Related: $0
- Other: $0
- Compensation: $25,473
- Related: $0
- Other: $0
- Compensation: $25,279
- Related: $0
- Other: $0
- Compensation: $23,529
- Related: $0
- Other: $0
- Compensation: $22,723
- Related: $0
- Other: $0
- Compensation: $22,723
- Related: $0
- Other: $0
- Compensation: $10,751
- Related: $0
- Other: $0
- Compensation: $6,495
- Related: $0
- Other: $0
Official website here: www.cottonelectric.com
Where can I find the form 990 for Cotton Electric Cooperative Inc?
Cotton Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cottonelectric.com
Learn more at the official website: www.cottonelectric.com
Mission Statement of Cotton Electric Cooperative Inc
Cotton Electric Cooperative Inc, a cooperative entity, is committed to delivering electricity to its members in a collaborative manner. This mission statement is reflected in the cooperative's activity and describes its primary purpose. By providing electricity to its members, Cotton Electric Cooperative Inc fosters a sense of community and unity among its customers.
At the heart of the cooperative's operations lies the provision of electricity to its 23,422 active services. The electricity is distributed on a cooperative basis, meaning that members have a say in the decision-making process and share in the benefits of the cooperative. The allocated patronage capital is a testament to the cooperative's commitment to its members and the cooperative business model.
Cotton Electric Cooperative Inc's mission is about more than just providing a necessary utility service. It is about working together with its members to ensure that they have access to reliable and affordable electricity. The cooperative's collaborative approach creates a sense of trust and partnership between the organization and its customers. By focusing on the cooperative basis of its operations, Cotton Electric Cooperative Inc fosters a strong community bond and a shared commitment to improving the quality of life of its members.
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Impact
October, 2024
Cotton Electric Cooperative Inc plays a crucial role in delivering electricity to its members, ensuring a reliable power supply to the community of Walters, Oklahoma. With 23,422 active services at the end of the year, the cooperative supports a large number of households and businesses, emphasizing its commitment to meeting the energy needs of its members.
By operating on a cooperative basis, Cotton Electric not only provides essential services but also allocates patronage capital, which reflects the financial contributions of its members back into the community. This approach fosters a sense of shared ownership and encourages collective responsibility, helping to strengthen local ties. The cooperative’s mission underscores its dedication to public benefit, prioritizing the well-being and interests of its members while contributing to the overall development and sustainability of the region.
This information is meant to be a general summary of Cotton 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: $123,213
- Program Service Revenue: $91,883,319
- Gross Receipts: $92,542,302
Assets and Liabilities:
- Total Assets: $181,150,607
- Total Liabilities: $87,657,521
- Net Assets: $93,493,086
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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
$90,020,717
PATRONAGE DIVIDENDS
Revenue
$1,775,922
SERVICE FEES
Revenue
$86,680
Organization Details
Founding Year
1938
Phone
(580) 875-3351Principal Officer
Jennifer M Meason
Main Address
226 NORTH BROADWAY ST, WALTERS, OK, 735721226
Website
www.cottonelectric.comNTEE Category
Code: W80 - Public benefit
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