Overview
What is San Bernard Electric Cooperative Inc?
San Bernard Electric Cooperative Inc, based in Bellville, Texas, is a nonprofit organization dedicated to providing affordable and reliable electric energy to its member-owners. With a workforce of 123 employees, they serve over 31,000 active services, distributing electricity through cooperative means and allocating patronage capital. Their mission is to offer innovative and personalized energy services, ensuring quality electric power to their community.
Official website here: www.sbec.org
What are the reviews and ratings of this charity?
San Bernard Electric Cooperative Inc is currently not rated by Charity Navigator. The absence of a rating is due to the organization's status as a non-501(c)(3) entity, which does not qualify it for the standard evaluations used by Charity Navigator, such as Accountability & Finance or Impact & Measurement. This situation means that key fiscal details like revenue, expenses, and salary information aren't publicly available, affecting the ability to assess the cooperative in those areas.
Being a non-501(c)(3) and classified as an independent organization, San Bernard Electric Cooperative is not eligible for the tax-exemption benefits typical of those nonprofits nor the visibility rating agencies provide to public stakeholders. Previous approaches to rating organizations like this one mainly focused on their financial accountability, yet modern metrics also consider leadership and community impact, which are currently inapplicable here.
Without any user reviews available from GreatNonprofits, insights into the public perception or community feedback about San Bernard Electric Cooperative Inc are limited. Consequently, it's challenging for potential investors or community members to derive a comprehensive understanding of the cooperative's values or operational success from existing data.
This AI summary has been generated from information found on Charity Navigator.
Is San Bernard Electric Cooperative Inc legitimate?
San Bernard Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. San Bernard 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: $1,214,391
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,461,009
For more financial information, click here
Official website here: www.sbec.org
What is the mission statement of San Bernard Electric Cooperative Inc?
San Bernard Electric Cooperative Inc is dedicated to delivering affordable and reliable electric service to its member-owners. The cooperative goes beyond just providing electricity, offering innovative and personalized energy services. In 2021, they served a total of 31,784 active services, supplying electricity to their members through a cooperative business model that allocates patronage capital. Their mission encompasses ensuring a consistent power supply for their community, fostering cost-effective energy solutions, and focusing on the specific needs of their member-owners.
Official website here: www.sbec.org
Who is the CEO of San Bernard Electric Cooperative Inc?
Mike Ables is the Director (Jan-Nov) of San Bernard Electric Cooperative Inc. The CEO's salary of San Bernard Electric Cooperative Inc is $212,471 and their total compensation is $370,834.
Official website here: www.sbec.org
What is the revenue of San Bernard Electric Cooperative Inc?
San Bernard Electric Cooperative Inc's revenue in 2022 was $107,023,324.
Official website here: www.sbec.org
Who are the executives of San Bernard Electric Cooperative Inc and what are their salaries?
The average compensation at San Bernard Electric Cooperative Inc during 2022 was $46,141. There are 123 employees at San Bernard Electric Cooperative Inc.
Here are 19 key members and their salaries (San Bernard Electric Cooperative Inc's CEO's salary is $212,471 and their total compensation is $370,834):
- Compensation: $20,810
- Related: $0
- Other: $0
- Compensation: $15,308
- Related: $0
- Other: $0
- Compensation: $34,133
- Related: $0
- Other: $0
- Compensation: $24,110
- Related: $0
- Other: $0
- Compensation: $32,683
- Related: $0
- Other: $0
- Compensation: $33,083
- Related: $0
- Other: $0
- Compensation: $17,960
- Related: $0
- Other: $0
- Compensation: $20,903
- Related: $0
- Other: $0
- Compensation: $2,827
- Related: $0
- Other: $0
- Compensation: $20,310
- Related: $0
- Other: $0
- Compensation: $212,471
- Related: $0
- Other: $158,363
- Compensation: $86,748
- Related: $0
- Other: $5,417
- Compensation: $128,406
- Related: $0
- Other: $64,095
- Compensation: $179,446
- Related: $0
- Other: $157,318
- Compensation: $138,369
- Related: $0
- Other: $83,457
- Compensation: $127,873
- Related: $0
- Other: $96,046
- Compensation: $118,347
- Related: $0
- Other: $103,608
- Compensation: $127,063
- Related: $0
- Other: $73,455
- Compensation: $132,301
- Related: $0
- Other: $89,281
Official website here: www.sbec.org
Where can I find the form 990 for San Bernard Electric Cooperative Inc?
San Bernard Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sbec.org
Learn more at the official website: www.sbec.org
Mission Statement of San Bernard Electric Cooperative Inc
San Bernard Electric Cooperative Inc, a cooperative dedicated to providing electricity, is committed to delivering affordable and reliable electric services to its member-owners. The cooperative goes beyond just supplying power; it offers innovative and personalized energy solutions to enhance the lives of its members.
With a mission to provide quality and reliable electricity, San Bernard Electric Cooperative Inc serves over 31,000 active services at the year-end. This cooperative operates based on a cooperative business model, allocating patronage capital to its members in the form of electricity. The provision of electricity on a cooperative basis allows the organization to build a strong community bond with its members.
San Bernard Electric Cooperative Inc's dedication to its members extends beyond basic electric services. The cooperative strives to offer energy solutions that cater to the unique needs of its members. By leveraging innovation and a personalized approach, the organization aims to create a positive impact on the lives of those it serves. Overall, San Bernard Electric Cooperative Inc is a cooperative that puts its members at the forefront of its operations, ensuring they receive affordable, reliable, and innovative energy solutions.
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Impact
October, 2024
San Bernard Electric Cooperative Inc (SBEC) plays a crucial role in providing quality and reliable electric service to its members in Bellville, Texas. With 31,784 active services at the end of the year, SBEC ensures that the electricity needs of its community are met efficiently and effectively. The cooperative operates on a model that allows it to allocate patronage capital back to its member-owners, enhancing the benefits received from their energy services.
By focusing on affordable and reliable electricity, SBEC not only meets the energy demands of the area but also fosters a sense of community among its members. The cooperative's mission emphasizes innovative and personalized energy solutions tailored to the needs of its member-owners, further establishing its commitment to public benefit. Through these efforts, SBEC strengthens the local economy and contributes positively to the quality of life in the region by ensuring that all members have access to dependable energy resources.
This information is meant to be a general summary of San Bernard 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: $153,818
- Program Service Revenue: $106,734,702
- Gross Receipts: $107,498,998
Assets and Liabilities:
- Total Assets: $291,758,444
- Total Liabilities: $192,598,483
- Net Assets: $99,159,961
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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
$99,371,964
LEASE INCOME FROM LCRA
Revenue
$5,041,103
PATRONAGE DIVIDENDS
Revenue
$1,606,964
SERVICE FEES
Revenue
$618,424
OTHER PROGRAM REVENUE
Revenue
$96,247
Organization Details
Founding Year
1939
Phone
(979) 865-3171Principal Officer
Mike Ables
Main Address
PO BOX 1208, BELLVILLE, TX, 77418
Website
www.sbec.orgNTEE Category
Code: W80 - Public benefit
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