Overview
What is Northfork Electric Cooperative Inc?
Northfork Electric Cooperative Inc is a nonprofit organization headquartered in Sayre, Oklahoma. With a team of 31 dedicated employees, their primary mission is to provide electricity to their members on a cooperative basis. They serve approximately 6,561 active members at the end of the year, allocating patronage capital to them. The cooperative's activities focus on ensuring access to electricity for its members, allowing them to benefit from the cooperative structure and contribute to the organization's success.
Official website here: www.nfecoop.com
What are the reviews and ratings of this charity?
Northfork Electric Cooperative Inc currently does not have a rating from Charity Navigator. This is primarily due to the lack of an Accountability & Finance or Impact & Measurement beacon score, which are necessary for a formal rating. The absence of a rating does not inherently indicate either a positive or negative standing; it simply suggests that a comprehensive evaluation has not been completed.
Charity Navigator typically reviews organizations registered as 501(c)(3) nonprofits. However, Northfork Electric Cooperative does not fall under this classification, which restricts the assessment of their impact, cultural engagement, and adaptability. Limited financial data is available for this organization as well, which further contributes to the lack of a current rating.
There are no user reviews on GreatNonprofits for Northfork Electric Cooperative Inc, so community feedback is unavailable at this time. This lack of user input means that public perception and experiences with the organization remain unclear.
This AI summary has been generated from information found on Charity Navigator.
Is Northfork Electric Cooperative Inc legitimate?
Northfork Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Northfork 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: $470,591
Professional Fundraising Fees: $0
Other Salaries and Wages: $327,491
For more financial information, click here
Official website here: www.nfecoop.com
What is the mission statement of Northfork Electric Cooperative Inc?
Northfork Electric Cooperative Inc is committed to delivering electricity to its members in a cooperative manner. This cooperative's primary goal is to ensure access to electricity for its 6,561 active services at year-end. The cooperative allocates patronage capital to its members, reflecting its member-owned structure. By providing electricity cooperatively, Northfork Electric Cooperative Inc fosters a sense of community and shared responsibility among its members. The cooperative's dedication to supplying reliable electricity enables its members to lead comfortable and efficient lives. Through this collaborative approach, the cooperative plays a crucial role in enhancing the daily experiences and well-being of its members.
Official website here: www.nfecoop.com
Who is the CEO of Northfork Electric Cooperative Inc?
Brent Meador is the General Mana of Northfork Electric Cooperative Inc.
Official website here: www.nfecoop.com
What is the revenue of Northfork Electric Cooperative Inc?
Northfork Electric Cooperative Inc's revenue in 2022 was $25,525,722.
Official website here: www.nfecoop.com
Who are the executives of Northfork Electric Cooperative Inc and what are their salaries?
The average compensation at Northfork Electric Cooperative Inc during 2022 was $25,745. There are 31 employees at Northfork Electric Cooperative Inc.
Here are 10 key members and their salaries:
- Compensation: $236,620
- Related: $0
- Other: $58,240
- Compensation: $107,213
- Related: $0
- Other: $64,579
- Compensation: $101,902
- Related: $0
- Other: $53,798
- Compensation: $30,129
- Related: $0
- Other: $0
- Compensation: $28,329
- Related: $0
- Other: $0
- Compensation: $27,579
- Related: $0
- Other: $0
- Compensation: $27,429
- Related: $0
- Other: $0
- Compensation: $21,905
- Related: $0
- Other: $0
- Compensation: $20,705
- Related: $0
- Other: $0
- Compensation: $19,655
- Related: $0
- Other: $0
Official website here: www.nfecoop.com
Where can I find the form 990 for Northfork Electric Cooperative Inc?
Northfork Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nfecoop.com
Learn more at the official website: www.nfecoop.com
Mission Statement of Northfork Electric Cooperative Inc
Northfork Electric Cooperative Inc, a cooperative organization, is dedicated to providing electricity to its members in a collaborative manner. With a mission to deliver electricity on a cooperative basis, Northfork Electric Cooperative Inc serves over 6,500 active services at the end of the year. The members of this cooperative are allocated patronage capital, which is a reflection of the cooperative's commitment to its members' investment in the organization.
At the heart of Northfork Electric Cooperative Inc's operations is the provision of essential electric services. The cooperative's team works diligently to ensure that each member receives the electricity they need to power their homes and businesses. The cooperative's approach to electricity delivery sets it apart, fostering a sense of community and mutual support among its members.
Northfork Electric Cooperative Inc's mission extends beyond simply providing electricity. The cooperative's commitment to its members goes beyond the electrical needs of their homes and businesses. By allocating patronage capital, Northfork Electric Cooperative Inc acknowledges the contributions of its members and invests in their future. This cooperative spirit strengthens the bonds between the members and the organization, creating a sense of unity and shared purpose. Through its cooperative approach to electricity provision, Northfork Electric Cooperative Inc not only meets the electrical needs of its members but also fosters a strong, supportive community.
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Impact
October, 2024
Northfork Electric Cooperative Inc significantly impacts its community by providing electricity to its members on a cooperative basis, ensuring accessibility and affordability of energy. With over 6,561 active service connections, the cooperative plays a vital role in the daily lives of residents in Sayre, Oklahoma, and surrounding areas. By allocating patronage capital to its members, Northfork Electric empowers individuals and fosters a sense of shared ownership and responsibility in energy consumption. This approach not only enhances community bonds but also ensures that profits are reinvested into improving service and infrastructure for the benefit of all members. Overall, Northfork Electric Cooperative Inc contributes to the economic stability and quality of life in the region by delivering essential electrical services while prioritizing member engagement and satisfaction.
This information is meant to be a general summary of Northfork 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: $61,268
- Program Service Revenue: $25,442,135
- Gross Receipts: $25,585,893
Assets and Liabilities:
- Total Assets: $80,830,448
- Total Liabilities: $51,676,243
- Net Assets: $29,154,205
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRICITY SALES
Revenue
$25,012,266
PATRONAGE DIVIDENDS
Revenue
$429,869
Organization Details
Founding Year
1939
Phone
(580) 928-3366Principal Officer
Brent Meador
Main Address
PO BOX 400, SAYRE, OK, 736620400
Website
www.nfecoop.comNTEE Category
Code: W80 - Public benefit
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