Overview
What is Hamilton County Electric Cooperative Association?
The Hamilton County Electric Cooperative Association, based in Hamilton, Texas, is a nonprofit organization dedicated to providing electric energy to its members on a cooperative basis. With 19,936 active services at year end, the association allocates patronage capital to ensure quality and reliable electric service. Their mission is to offer safe, dependable, high-quality electric service to members at an affordable price, striving to control costs and maintain reasonable rates. The cooperative aims to make a positive impact on the lives of its members through leadership and service. Employing a team of 45 individuals, they serve their community in Texas.
Official website here: www.hamiltonelectric.coop
What are the reviews and ratings of this charity?
The Hamilton County Electric Cooperative Association is not currently rated by Charity Navigator. This is primarily because it is not a 501(c)(3) nonprofit and therefore doesn't meet the criteria for evaluation. Charity Navigator bases its ratings on specific beacon scores, such as Accountability & Finance and Impact & Measurement, but Hamilton County Electric Cooperative does not fall within these categories due to its organizational type.
The absence of a rating on Charity Navigator does not imply a negative or positive outlook. It simply reflects that the cooperative does not fit the traditional nonprofit model that Charity Navigator reviews. Historical ratings from the platform focused primarily on financial accountability rather than more expansive criteria such as leadership or impact.
No user reviews are available on GreatNonprofits for Hamilton County Electric Cooperative Association, leaving personal experiences and community perceptions undocumented on that platform. As it stands, individuals interested in this cooperative may need to seek information directly from the organization or other local resources.
This AI summary has been generated from information found on Charity Navigator.
Is Hamilton County Electric Cooperative Association legitimate?
Hamilton County Electric Cooperative Association is a legitimate nonprofit organization registered as a 501(c)(12) entity. Hamilton County Electric Cooperative Association 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: $339,397
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,629,677
For more financial information, click here
Official website here: www.hamiltonelectric.coop
What is the mission statement of Hamilton County Electric Cooperative Association?
The Hamilton County Electric Cooperative Association is dedicated to delivering safe and reliable electric service to its members. Their mission is to provide quality electric service at an affordable price, focusing on cost control to ensure rates remain low for the future. The cooperative strives to make a positive impact on the lives of those it serves, offering leadership in addition to electricity.
Official website here: www.hamiltonelectric.coop
Who is the CEO of Hamilton County Electric Cooperative Association?
Cody Lasater is the Director of Hamilton County Electric Cooperative Association.
Official website here: www.hamiltonelectric.coop
What is the revenue of Hamilton County Electric Cooperative Association?
Hamilton County Electric Cooperative Association's revenue in 2022 was $42,983,209.
Official website here: www.hamiltonelectric.coop
Who are the executives of Hamilton County Electric Cooperative Association and what are their salaries?
The average compensation at Hamilton County Electric Cooperative Association during 2022 was $43,757. There are 45 employees at Hamilton County Electric Cooperative Association.
Here are 13 key members and their salaries:
- Compensation: $7,470
- Related: $0
- Other: $0
- Compensation: $7,265
- Related: $0
- Other: $0
- Compensation: $6,750
- Related: $0
- Other: $0
- Compensation: $7,835
- Related: $0
- Other: $0
- Compensation: $7,424
- Related: $0
- Other: $0
- Compensation: $6,900
- Related: $0
- Other: $0
- Compensation: $8,789
- Related: $0
- Other: $0
- Compensation: $166,344
- Related: $0
- Other: $120,620
- Compensation: $139,311
- Related: $0
- Other: $181,915
- Compensation: $135,912
- Related: $0
- Other: $49,259
- Compensation: $131,769
- Related: $0
- Other: $91,990
- Compensation: $122,386
- Related: $0
- Other: $65,871
- Compensation: $116,281
- Related: $0
- Other: $114,175
Official website here: www.hamiltonelectric.coop
Where can I find the form 990 for Hamilton County Electric Cooperative Association?
Hamilton County Electric Cooperative Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hamiltonelectric.coop
Learn more at the official website: www.hamiltonelectric.coop
Mission Statement of Hamilton County Electric Cooperative Association
Hamilton County Electric Cooperative Association, a mission-driven organization, is committed to delivering safe, dependable, and high-quality electric service to its cooperative members at an affordable price. The Association's primary goal is to control costs and maintain reasonable rates for its members, ensuring a sustainable and cost-effective energy solution for the future.
Beyond its core electric service, the Association also strives to provide leadership and positive influence in the lives of those it serves. By offering reliable power, the organization enables its members to lead more comfortable and efficient lives, enhancing their overall well-being. The Association's unwavering dedication to its mission reflects its commitment to fostering a strong and connected community, where members can thrive and prosper.
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Impact
October, 2024
Hamilton County Electric Cooperative Association plays a pivotal role in delivering quality and reliable electric service to its members in Hamilton, Texas. With nearly 20,000 active services, the cooperative ensures that residents have access to safe and affordable electricity. Their mission focuses on controlling costs to keep rates low while providing excellent service and leadership that positively impacts community members' lives. By operating on a cooperative basis and allocating patronage capital, Hamilton County Electric Cooperative strengthens community ties and empowers its members through reliable energy solutions.
This information is meant to be a general summary of Hamilton County Electric Cooperative Association. 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: $127,691
- Program Service Revenue: $42,458,367
- Gross Receipts: $42,996,042
Assets and Liabilities:
- Total Assets: $97,291,590
- Total Liabilities: $49,353,184
- Net Assets: $47,938,406
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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
$42,034,606
SERVICE FEES
Revenue
$228,182
PATRONAGE DIVIDENDS
Revenue
$195,579
Organization Details
Founding Year
1938
Phone
(254) 386-3123Principal Officer
Cody Lasater
Main Address
PO BOX 753, HAMILTON, TX, 76531
Website
www.hamiltonelectric.coopNTEE Category
Code: W80 - Public benefit
If you are a representative of Hamilton County Electric Cooperative Association and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.