Overview
What is Kay Electric Cooperative Inc?
Kay Electric Cooperative Inc is a rural electric cooperative based in Blackwell, Oklahoma. With a mission to provide dependable, affordable, and safe electricity to its member-owners, the cooperative had 5,888 active services at the year end. Headquartered at PO Box 607, the cooperative employs 55 individuals and focuses on the sale of electric power to members on a cooperative basis, which involves the allocation of patronage capital. The cooperative's primary objective is to ensure the delivery of reliable electricity to its community members.
Official website here: www.kayelectric.coop
What do the Facebook reviews say about Kay Electric Cooperative Inc?
92% of 45 reviewers on Facebook recommend Kay Electric Cooperative Inc. Here is a summary of their reviews:
Many users express gratitude for the timely restoration of power, highlighting the efficiency and dedication of the linemen who worked to fix outages. Positive sentiments reflect a strong appreciation for the cooperative's service during critical times.
Overall, the sentiment towards Kay Electric Cooperative Inc. is favorable, with community members feeling relieved and thankful for the support they receive during power issues. The cooperative appears to deliver on its commitment to serve the community effectively.
This AI summary has been generated from reviews found on Facebook.
Is Kay Electric Cooperative Inc legitimate?
Kay Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Kay 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: $1,141,734
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,551,284
For more financial information, click here
Official website here: www.kayelectric.coop
What is the mission statement of Kay Electric Cooperative Inc?
Kay Electric Cooperative Inc is a rural electric cooperative organized under the Rural Electric Cooperative Act. Its mission is to deliver reliable and affordable electricity to its member-owners, ensuring their access to safe power. The cooperative operates on a cooperative basis, selling electric power and allocating patronage capital as part of its business model. At the end of the year, there were 5,888 active services being provided. Kay Electric Cooperative strives to maintain a dependable electricity supply for its members, making reasonable costs a priority.
Official website here: www.kayelectric.coop
Who is the CEO of Kay Electric Cooperative Inc?
Jason Boesch is the President of Kay Electric Cooperative Inc. The CEO's salary of Kay Electric Cooperative Inc is $220,095 and their total compensation is $433,889.
Official website here: www.kayelectric.coop
What is the revenue of Kay Electric Cooperative Inc?
Kay Electric Cooperative Inc's revenue in 2022 was $47,046,293.
Official website here: www.kayelectric.coop
Who are the executives of Kay Electric Cooperative Inc and what are their salaries?
The average compensation at Kay Electric Cooperative Inc during 2022 was $48,964. There are 55 employees at Kay Electric Cooperative Inc.
Here are 16 key members and their salaries (Kay Electric Cooperative Inc's CEO's salary is $220,095 and their total compensation is $433,889):
- Compensation: $30,377
- Related: $0
- Other: $0
- Compensation: $38,177
- Related: $0
- Other: $0
- Compensation: $30,510
- Related: $0
- Other: $0
- Compensation: $29,994
- Related: $0
- Other: $0
- Compensation: $28,639
- Related: $0
- Other: $0
- Compensation: $26,469
- Related: $0
- Other: $0
- Compensation: $9,097
- Related: $0
- Other: $0
- Compensation: $21,683
- Related: $0
- Other: $0
- Compensation: $28,579
- Related: $0
- Other: $0
- Compensation: $26,641
- Related: $0
- Other: $0
- Compensation: $220,095
- Related: $0
- Other: $213,794
- Compensation: $157,601
- Related: $0
- Other: $81,398
- Compensation: $159,232
- Related: $0
- Other: $39,448
- Compensation: $136,013
- Related: $0
- Other: $79,199
- Compensation: $120,763
- Related: $0
- Other: $76,317
- Compensation: $109,072
- Related: $0
- Other: $40,851
Official website here: www.kayelectric.coop
Where can I find the form 990 for Kay Electric Cooperative Inc?
Kay Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kayelectric.coop
Learn more at the official website: www.kayelectric.coop
Mission Statement of Kay Electric Cooperative Inc
Kay Electric Cooperative Inc, a cooperative organized under the Rural Electric Cooperative Act, is committed to delivering dependable, affordable, and safe electricity to its member-owners. With a mission to provide reliable power, the cooperative allocates patronage capital to sell electric power on a cooperative basis. At the end of the year, there were 5,888 active services under its care.
Kay Electric Cooperative Inc stands as a beacon of electrical service in rural communities. Its primary goal is to ensure that its member-owners receive the electricity they need to power their homes and businesses. By providing affordable rates, the cooperative makes electricity accessible to all, enabling its members to live comfortable and productive lives.
Moreover, Kay Electric Cooperative Inc prioritizes the safety of its members, ensuring that the electricity it supplies is transmitted and distributed in a responsible manner. With a focus on dependability, the cooperative invests in the maintenance and upkeep of its infrastructure, ensuring a consistent power supply and minimizing disruptions.
In summary, Kay Electric Cooperative Inc plays a vital role in the lives of its member-owners by providing affordable, reliable, and safe electricity. Through a cooperative business model, it aims to empower its members and contribute to their overall well-being.
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Impact
October, 2024
Kay Electric Cooperative Inc plays a crucial role in its community by delivering reliable electricity to its member-owners at a reasonable cost. Serving 5,888 active services, the cooperative ensures that residents have access to dependable, affordable, and safe electric power. By operating on a cooperative basis, Kay Electric not only meets the energy needs of its members but also fosters a sense of community ownership and engagement. The allocation of patronage capital reinforces a model where the benefits of electricity provision directly support and reflect the needs of its member-owners, enhancing their quality of life while promoting sustainable energy practices within the region.
This information is meant to be a general summary of Kay 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: $296,711
- Program Service Revenue: $46,572,928
- Gross Receipts: $47,141,507
Assets and Liabilities:
- Total Assets: $96,629,831
- Total Liabilities: $49,448,974
- Net Assets: $47,180,857
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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
$45,068,325
PATRONAGE DIVIDENDS
Revenue
$990,051
GENERATOR & ELECTRICIAN SALES
Revenue
$433,220
SERVICE FEES
Revenue
$81,332
Organization Details
Founding Year
1937
Phone
(580) 363-1260Principal Officer
Jason Boesch
Main Address
PO BOX 607, BLACKWELL, OK, 746310607
Website
www.kayelectric.coopNTEE Category
Code: W80 - Public benefit
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