Overview
What is Pedernales Electric Cooperative Inc?
Pedernales Electric Cooperative Inc, located in Johnson City, Texas, is a nonprofit organization dedicated to providing electric energy to its members on a cooperative basis. With a strong commitment to delivering affordable, dependable, and safe energy, the cooperative had 385,727 active services at the end of the year and employed a team of 984 individuals. The organization allocates patronage capital and aims to meet the electric energy needs of its members effectively. Their mission is to ensure the cooperative's members receive high-quality energy services.
Official website here: www.pec.coop
What are the reviews and ratings of this charity?
Pedernales Electric Cooperative Inc does not have a rating from Charity Navigator. This absence of a rating is due to its status as a non-501(c)(3) organization, which prevents it from being evaluated by Charity Navigator's current methodologies, such as Accountability & Finance or Impact & Measurement evaluations. The lack of a rating signifies no positive or negative judgement but rather indicates that the organization has not been assessed under these specific criteria.
The organization is an independent entity, as noted by its BMF affiliation code, but further financial insights such as revenue and expenses, or key personnel salaries, are unavailable. This is typically because there are no recent electronically-filed Form 990 data to evaluate. Charity Navigator historically does not cover entities that fall outside the specific nonprofit categories it evaluates, which limits the insights available into this cooperative's operations.
There are no user reviews available for Pedernales Electric Cooperative Inc on GreatNonprofits. Therefore, there is no user-driven feedback available to supplement the lack of information from Charity Navigator, leaving the general public without anecdotal data regarding user experiences or satisfaction.
This AI summary has been generated from information found on Charity Navigator.
Is Pedernales Electric Cooperative Inc legitimate?
Pedernales Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Pedernales 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: $5,628,312
Professional Fundraising Fees: $0
Other Salaries and Wages: $53,456,105
For more financial information, click here
Official website here: www.pec.coop
What is the mission statement of Pedernales Electric Cooperative Inc?
Pedernales Electric Cooperative Inc is dedicated to providing low-cost, reliable, and safe electric energy to its cooperative members. The organization is committed to delivering electricity in a cooperative manner, utilizing patronage capital for the benefit of its users. With over 385,000 active services at year end, the cooperative ensures a consistent power supply for its community. Their mission encompasses allocating resources and maintaining an unwavering commitment to the well-being and energy needs of its members.
Official website here: www.pec.coop
Who is the CEO of Pedernales Electric Cooperative Inc?
Julie Parsley is the CEO of Pedernales Electric Cooperative Inc The CEO's salary of Pedernales Electric Cooperative Inc is $833,543 and their total compensation is $880,777.
Official website here: www.pec.coop
What is the revenue of Pedernales Electric Cooperative Inc?
Pedernales Electric Cooperative Inc's revenue in 2023 was $882,753,381.
Official website here: www.pec.coop
Who are the executives of Pedernales Electric Cooperative Inc and what are their salaries?
The average compensation at Pedernales Electric Cooperative Inc during 2023 was $58,211. There are 1015 employees at Pedernales Electric Cooperative Inc.
Here are 22 key members and their salaries (Pedernales Electric Cooperative Inc's CEO's salary is $833,543 and their total compensation is $880,777):
- Compensation: $36,100
- Related: $0
- Other: $0
- Compensation: $36,600
- Related: $0
- Other: $0
- Compensation: $37,200
- Related: $0
- Other: $0
- Compensation: $37,200
- Related: $0
- Other: $0
- Compensation: $36,100
- Related: $0
- Other: $0
- Compensation: $36,100
- Related: $0
- Other: $0
- Compensation: $36,600
- Related: $0
- Other: $0
- Compensation: $833,543
- Related: $0
- Other: $47,234
- Compensation: $507,557
- Related: $0
- Other: $97,670
- Compensation: $545,188
- Related: $0
- Other: $65,400
- Compensation: $551,531
- Related: $0
- Other: $47,141
- Compensation: $412,492
- Related: $0
- Other: $70,371
- Compensation: $361,222
- Related: $0
- Other: $66,140
- Compensation: $314,272
- Related: $0
- Other: $68,941
- Compensation: $362,971
- Related: $0
- Other: $161,517
- Compensation: $397,040
- Related: $0
- Other: $58,868
- Compensation: $351,937
- Related: $0
- Other: $51,377
- Compensation: $364,466
- Related: $0
- Other: $50,117
- Compensation: $360,439
- Related: $0
- Other: $62,788
- Compensation: $355,950
- Related: $0
- Other: $65,193
- Compensation: $258,688
- Related: $0
- Other: $54,392
- Compensation: $253,014
- Related: $0
- Other: $101,614
Official website here: www.pec.coop
Where can I find the form 990 for Pedernales Electric Cooperative Inc?
Pedernales Electric Cooperative Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.pec.coop
Learn more at the official website: www.pec.coop
Mission Statement of Pedernales Electric Cooperative Inc
Pedernales Electric Cooperative Inc, a distinguished organization, is dedicated to the delivery of affordable, dependable, and secure electric energy to its cooperative members. Embodying a deep commitment to its mission, the cooperative strives to ensure that every household and business within its network enjoys the benefits of reliable electricity. The cooperative model of Pedernales Electric Cooperative Inc is unique, as it operates on a cooperative basis, with members contributing to the growth and development of the organization through patronage capital.
At the heart of Pedernales Electric Cooperative Inc's mission lies the provision of electricity. This essential resource, when delivered effectively, empowers communities and enables progress. The cooperative's unwavering dedication to this cause is reflected in the allocation of patronage capital, which serves to strengthen the organization and maintain the infrastructure required to deliver electricity consistently and efficiently. With over 385,000 active services at the end of the year, Pedernales Electric Cooperative Inc stands as a testament to the success of its mission, providing power to a significant number of households and businesses.
In summary, Pedernales Electric Cooperative Inc is a pioneering cooperative that works tirelessly to deliver affordable, dependable, and secure electric energy to its members. Through its cooperative business model and dedication to the community, the organization has become an indispensable part of the lives of over 385,000 households and businesses, ensuring that they have access to the essential resource of electricity.
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Impact
October, 2024
Pedernales Electric Cooperative Inc significantly impacts its community by delivering low-cost, reliable, and safe electric energy to its members. Operating with a focus on the needs of its members, the cooperative manages 385,727 active services, ensuring a stable energy supply that supports daily life and economic activities. Through the allocation of patronage capital, members benefit directly from the cooperative's operations, fostering a sense of community and shared responsibility. This commitment not only enhances the quality of life for its members but also promotes sustainable energy practices and cost efficiency, reinforcing the cooperative's role as a vital resource in the region.
This information is meant to be a general summary of Pedernales 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 2023.
- Investment Income: $662,407
- Program Service Revenue: $877,807,193
- Gross Receipts: $883,001,027
Assets and Liabilities:
- Total Assets: $2,075,295,828
- Total Liabilities: $1,239,020,437
- Net Assets: $836,275,391
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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
$829,599,651
TRANSMISSION ACCESS
Revenue
$26,729,117
CUSTOMER SERVICE FEES
Revenue
$9,811,639
TRANSMISSION LEASE
Revenue
$4,783,618
PATRONAGE DIVIDENDS
Revenue
$3,874,885
Organization Details
Founding Year
1938
Principal Officer
Julie Parsley
Website
www.pec.coopNTEE Category
Code: W80 - Public benefit
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