Overview
What is Nueces Electric Cooperative Inc?
Nueces Electric Cooperative Inc is a member-owned cooperative based in Robstown, Texas, with an address at 14353 Cooperative Ave, ZIP code 78380. Their mission is to provide dependable and cost-effective electric service to their members on a cooperative basis, allocating patronage capital. With a team of 98 employees, they served approximately 51,082 active services in the previous year. This nonprofit organization is dedicated to enhancing the quality of life for its members by ensuring the delivery of reliable electric energy.
Official website here: www.nueceselectric.org
Is Nueces Electric Cooperative Inc legitimate?
Nueces Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Nueces 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: $1,431,326
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,959,417
For more financial information, click here
Official website here: www.nueceselectric.org
What is the mission statement of Nueces Electric Cooperative Inc?
Nueces Electric Cooperative Inc is a member-owned cooperative dedicated to enhancing the quality of life of its members. The organization's primary mission is to provide them with reliable and cost-effective electric service in a safety-conscious culture. Through this cooperative model, Nueces Electric Cooperative allocates patronage capital to deliver electric energy to its 51,082 active services. The cooperative's ultimate goal is to help its members continually improve their lifestyles while ensuring the provision of electric energy on a cooperative basis. The organization prioritizes safety in all its operations, ensuring the members receive a consistent supply of energy for their daily needs.
Official website here: www.nueceselectric.org
Who is the CEO of Nueces Electric Cooperative Inc?
Varzavand Irani is the President of Nueces Electric Cooperative Inc. The CEO's salary of Nueces Electric Cooperative Inc is $312,720 and their total compensation is $438,430.
Official website here: www.nueceselectric.org
What is the revenue of Nueces Electric Cooperative Inc?
Nueces Electric Cooperative Inc's revenue in 2022 was $110,016,479.
Official website here: www.nueceselectric.org
Who are the executives of Nueces Electric Cooperative Inc and what are their salaries?
The average compensation at Nueces Electric Cooperative Inc during 2022 was $55,008. There are 98 employees at Nueces Electric Cooperative Inc.
Here are 18 key members and their salaries (Nueces Electric Cooperative Inc's CEO's salary is $312,720 and their total compensation is $438,430):
- Compensation: $19,800
- Related: $0
- Other: $0
- Compensation: $17,400
- Related: $0
- Other: $0
- Compensation: $17,100
- Related: $0
- Other: $0
- Compensation: $17,100
- Related: $0
- Other: $0
- Compensation: $16,800
- Related: $0
- Other: $0
- Compensation: $16,500
- Related: $0
- Other: $0
- Compensation: $15,600
- Related: $0
- Other: $0
- Compensation: $12,900
- Related: $0
- Other: $0
- Compensation: $3,900
- Related: $0
- Other: $0
- Compensation: $312,720
- Related: $0
- Other: $125,710
- Compensation: $192,579
- Related: $0
- Other: $137,029
- Compensation: $157,662
- Related: $0
- Other: $124,191
- Compensation: $150,148
- Related: $0
- Other: $94,187
- Compensation: $166,158
- Related: $0
- Other: $60,006
- Compensation: $169,355
- Related: $0
- Other: $55,610
- Compensation: $133,967
- Related: $0
- Other: $69,316
- Compensation: $144,351
- Related: $0
- Other: $56,651
- Compensation: $135,349
- Related: $0
- Other: $47,225
Official website here: www.nueceselectric.org
Where can I find the form 990 for Nueces Electric Cooperative Inc?
Nueces Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nueceselectric.org
Learn more at the official website: www.nueceselectric.org
Mission Statement of Nueces Electric Cooperative Inc
Nueces Electric Cooperative Inc, a member-owned cooperative, is dedicated to enhancing the lives of its members by supplying them with dependable and cost-effective electric service. The organization's mission is geared towards helping its members continually improve their quality of life. Nueces Electric Cooperative, Inc prioritizes safety while delivering electric energy on a cooperative basis through the allocation of patronage capital. With over 51,000 active services at the end of the year, the cooperative's reach extends to a vast membership base. By providing reliable electric service, Nueces Electric Cooperative, Inc aims to create a culture where its members can thrive and enjoy the conveniences of modern living. Through its commitment to safety and affordability, the cooperative fosters a strong sense of community and collaboration among its members.
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Impact
October, 2024
Nueces Electric Cooperative Inc plays a vital role in enhancing the quality of life for its members by providing reliable and cost-effective electric service. With over 51,000 active services, the cooperative ensures that electricity is accessible to a large community in Robstown, TX. Its commitment to delivering quality service on a cooperative basis allows members to benefit from the allocation of patronage capital, ultimately fostering a sense of ownership and mutual support among its members.
Safety is a cornerstone of its operations, creating a culture where the well-being of both members and employees is prioritized. By focusing on the needs of its community, Nueces Electric Cooperative not only meets essential energy demands but also contributes to the overall economic and social well-being of the region, reinforcing its mission to enhance the lives of its members through reliable electric services.
This information is meant to be a general summary of Nueces 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: $930,542
- Program Service Revenue: $109,057,063
- Gross Receipts: $110,240,780
Assets and Liabilities:
- Total Assets: $219,076,817
- Total Liabilities: $95,790,881
- Net Assets: $123,285,936
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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
$102,951,753
PATRONAGE DIVIDENDS
Revenue
$3,256,967
DISTRIBUTION SERVICES
Revenue
$1,751,825
SERVICE FEES
Revenue
$1,075,777
OTHER PROGRAM REVENUE
Revenue
$20,741
Organization Details
Founding Year
1939
Phone
(361) 387-2581Principal Officer
Varzavand Irani
Main Address
14353 COOPERATIVE AVE, ROBSTOWN, TX, 78380
Website
www.nueceselectric.orgNTEE Category
Code: W80 - Public benefit
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