Overview
What is Indian Electric Cooperative Inc?
Indian Electric Cooperative Inc is a nonprofit organization based in Cleveland, Oklahoma. With a mission to provide electricity to its members, they serve a total of 20,252 active services and 4,191 idle services. The cooperative has a workforce of 93 employees and operates on a cooperative basis, allocating patronage capital to its members at the end of the year. The organization's main goal is to ensure the delivery of electricity to its community, with a total of 24,443 services in place.
Official website here: www.iecok.com
What are the reviews and ratings of this charity?
Indian Electric Cooperative Inc is not currently rated by Charity Navigator. This absence of a rating is not indicative of the cooperative's performance, as Charity Navigator rates organizations based on specific criteria suitable for 501(c)(3) nonprofits, a category under which Indian Electric Cooperative does not fall. Their evaluation criteria cover various aspects such as Accountability, Finance, Leadership, and Adaptability, which cannot be applied here due to structural differences.
The cooperative is an independent organization without a 501(c)(3) status, leading to its ineligibility for evaluation under Charity Navigator's specific frameworks like 'Accountability & Finance' or 'Impact & Measurement.' Data regarding financials such as total revenue, expenses, and key personnel salaries are not available through Charity Navigator, making a financial assessment of the cooperative via this platform unfeasible.
Historical ratings from Charity Navigator primarily addressing 'Accountability and Finance' won't be applicable to Indian Electric Cooperative. Despite available IRS data, the cooperative's framework positions it outside the eligibility for a comprehensive rating, leaving prospective evaluators to seek potential assessments from other financial or operational reviews specific to cooperatives rather than nonprofits. No user reviews from GreatNonprofits are present to add community sentiment to this narrative.
This AI summary has been generated from information found on Charity Navigator.
Is Indian Electric Cooperative Inc legitimate?
Indian Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Indian 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: $642,191
Professional Fundraising Fees: $0
Other Salaries and Wages: $910,806
For more financial information, click here
Official website here: www.iecok.com
What is the mission statement of Indian Electric Cooperative Inc?
Indian Electric Cooperative Inc is dedicated to providing electricity to its members within a cooperative framework. The organization aims to serve a total of 24,443 members, with 20,252 of these being active at the end of the year. Through this cooperative arrangement, the cooperative allocates patronage capital to its members. The provision of electricity is a key focus for Indian Electric Cooperative Inc, ensuring that its members have reliable access to this essential resource.
Official website here: www.iecok.com
Who is the CEO of Indian Electric Cooperative Inc?
Todd Schroeder is the General Mana of Indian Electric Cooperative Inc.
Official website here: www.iecok.com
What is the revenue of Indian Electric Cooperative Inc?
Indian Electric Cooperative Inc's revenue in 2022 was $58,379,776.
Official website here: www.iecok.com
Who are the executives of Indian Electric Cooperative Inc and what are their salaries?
The average compensation at Indian Electric Cooperative Inc during 2022 was $16,699. There are 93 employees at Indian Electric Cooperative Inc.
Here are 15 key members and their salaries:
- Compensation: $247,130
- Related: $0
- Other: $70,529
- Compensation: $131,151
- Related: $0
- Other: $60,844
- Compensation: $134,343
- Related: $0
- Other: $51,398
- Compensation: $122,419
- Related: $0
- Other: $61,592
- Compensation: $121,280
- Related: $0
- Other: $60,998
- Compensation: $128,054
- Related: $0
- Other: $49,212
- Compensation: $124,011
- Related: $0
- Other: $47,781
- Compensation: $37,900
- Related: $0
- Other: $0
- Compensation: $24,565
- Related: $0
- Other: $0
- Compensation: $23,208
- Related: $0
- Other: $0
- Compensation: $13,600
- Related: $0
- Other: $0
- Compensation: $12,600
- Related: $0
- Other: $0
- Compensation: $12,400
- Related: $0
- Other: $0
- Compensation: $11,782
- Related: $0
- Other: $0
- Compensation: $6,200
- Related: $0
- Other: $0
Official website here: www.iecok.com
Where can I find the form 990 for Indian Electric Cooperative Inc?
Indian Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.iecok.com
Learn more at the official website: www.iecok.com
Mission Statement of Indian Electric Cooperative Inc
Indian Electric Cooperative Inc, a leading cooperative, is dedicated to supplying electricity to its members in a cooperative manner. With a mission to power homes and businesses, the cooperative served 20,252 active services and a total of 24,443 services in place at year-end. The cooperative's commitment extended to 4,191 idle services, ensuring they too were part of the cooperative's electric network. The cooperative allocated patronage capital to these members, further emphasizing their cooperative spirit. By providing electricity cooperatively, Indian Electric Cooperative Inc aims to strengthen the communities it serves and improve the quality of life for its members. The cooperative's efforts are geared towards ensuring a reliable and sustainable power supply, making it a trusted partner for its members.
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Impact
October, 2024
Indian Electric Cooperative Inc plays a vital role in delivering reliable electricity to its members in Cleveland, OK, serving a total of 20,252 active services out of 24,443 total services. This cooperative approach ensures that electricity is distributed fairly and equitably among its members, fostering a sense of community and shared responsibility.
By allocating patronage capital, the cooperative creates opportunities for its members to benefit financially from their collective use of electricity, promoting economic sustainability within the region. This model not only enhances access to essential energy services but also strengthens the local economy by empowering residents to have a stake in their energy source. In this way, Indian Electric Cooperative Inc significantly contributes to the public benefit, ensuring that electricity remains accessible and affordable for its members while simultaneously nurturing a cooperative spirit in the community.
This information is meant to be a general summary of Indian 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: $334,914
- Program Service Revenue: $57,680,355
- Gross Receipts: $58,383,784
Assets and Liabilities:
- Total Assets: $160,445,037
- Total Liabilities: $83,230,040
- Net Assets: $77,214,997
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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
$55,668,954
PATRONAGE DIVIDENDS
Revenue
$2,011,401
Organization Details
Founding Year
1939
Phone
(918) 295-9500Principal Officer
Todd Schroeder
Main Address
P O BOX 49, CLEVELAND, OK, 74020
Website
www.iecok.comNTEE Category
Code: W80 - Public benefit
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