Overview
What is Karnes Electric Cooperative Inc?
Karnes Electric Cooperative Inc, located in Karnes City, Texas, is a nonprofit organization dedicated to providing electric power to its members at a cooperative cost. With a strong emphasis on patronage capital allocation, they served 22,276 active services as of the year-end. Their primary mission is to ensure the delivery of quality and reliable electric service to cooperative members. By empowering communities through their operations, Karnes Electric Cooperative strives to improve the lives of its members, employing a team of 93 professionals to carry out their mission.
Official website here: www.karnesec.org
Is Karnes Electric Cooperative Inc legitimate?
Karnes Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Karnes 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $510,165
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,201,159
For more financial information, click here
What is the mission statement of Karnes Electric Cooperative Inc?
Karnes Electric Cooperative Inc is dedicated to delivering quality and reliable electric service to its cooperative members. This mission extends beyond providing electricity, as it seeks to empower communities and improve lives. Through cooperative principles, the organization allocates patronage capital to keep electric power costs affordable for its members. At the end of the year, there were 22,276 active services being provided. By prioritizing quality service, Karnes Electric Cooperative Inc aims to make a positive impact on the lives of those it serves.
Official website here: www.karnesec.org
Who is the CEO of Karnes Electric Cooperative Inc?
Brad Bierstedt is the President of Karnes Electric Cooperative Inc.
Official website here: www.karnesec.org
What is the revenue of Karnes Electric Cooperative Inc?
Karnes Electric Cooperative Inc's revenue in 2022 was $131,910,540.
Official website here: www.karnesec.org
Who are the executives of Karnes Electric Cooperative Inc and what are their salaries?
The average compensation at Karnes Electric Cooperative Inc during 2022 was $50,659. There are 93 employees at Karnes Electric Cooperative Inc.
Here are 13 key members and their salaries:
- Bradley Bierstedt (General Manager)
- Patrick Janysek (Operations Superintendent)
- Joe Escandon (Construction Foreman)
- Rudolfo Torres (Construction Foreman)
- Randy Ortiz (Serviceman)
- Jesse Benavides (Serviceman)
- Paul Brysch Jr (President) [Trustee/Director]
- Frank Geyer Jr (Asst Secretary/Treasurer) [Trustee/Director]
- Clif Royal (Vice President) [Trustee/Director]
- Ross Nieschwitz (Director)
- Larry Schendel (Secretary/Treasurer) [Trustee/Director]
- Shirley Hofmann (Director)
- Scott Mcclaugherty (Director)
Official website here: www.karnesec.org
Where can I find the form 990 for Karnes Electric Cooperative Inc?
The Karnes Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.karnesec.org
Learn more at the official website: www.karnesec.org
Mission Statement of Karnes Electric Cooperative Inc
Karnes Electric Cooperative Inc, a dedicated organization, is committed to delivering quality and reliable electric service to its cooperative members. This mission goes beyond just providing power; it is about empowering communities and enhancing lives. The cooperative's approach is rooted in the cooperative basis, where members share the ownership and benefits of the electric power they consume through the allocation of patronage capital.
With a strong focus on service quality, Karnes Electric Cooperative Inc strives to ensure that the electricity supplied to its members is not only dependable but also cost-effective. The cooperative achieved this by serving a total of 22,276 active services at the end of the year. The team at Karnes Electric Cooperative Inc understands that a stable electricity supply is crucial for the smooth functioning of homes and businesses. By providing electric power in this manner, the cooperative plays a vital role in enabling its members to lead better lives.
The mission of Karnes Electric Cooperative Inc extends beyond the provision of electricity. It is about making a positive impact on the communities it serves. By empowering its members with reliable and affordable electric power, the cooperative contributes to the overall development and progress of the communities it operates in. Through their unwavering commitment to service quality and community empowerment, Karnes Electric Cooperative Inc continues to improve lives and strengthen the communities it serves.
Impact
This information is meant to be a general summary of Karnes Electric Cooperative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Karnes Electric Cooperative Inc's impact is evident in the provision of quality and reliable electric service to its members. By supplying electric power at cost on a cooperative basis through the allocation of patronage capital, Karnes Electric Cooperative Inc contributes to the well-being and development of its community. With over 22,000 active services at year-end, the cooperative plays a significant role in empowering communities and improving lives in Karnes City, Texas.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES OF ELECTRICITY
Revenue
$126,596,545
PATRONAGE DIVIDENDS
Revenue
$3,053,376
SERVICE FEES
Revenue
$595,776
Organization Details
Founding Year
1938
Phone
(830) 780-9292
Principal Officer
Brad Bierstedt
Main Address
PO BOX 7, KARNES CITY, TX, 78118
Website
www.karnesec.org
NTEE Category
Code: W80 - Public benefit
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