Overview
What is Central Texas Electric Cooperative Inc?
Central Texas Electric Cooperative Inc, based in Fredericksburg, Texas, is a nonprofit organization committed to providing electric energy to its members on a cooperative basis. With 149 employees, they allocate patronage capital to ensure quality and reliable electric service at a reasonable cost. Their mission prioritizes ensuring member-owners receive safe, dependable, and high-quality energy service. In 2021, they served 45,518 active accounts.
Official website here: www.ctec.coop
What are the reviews and ratings of this charity?
Central Texas Electric Cooperative Inc is not currently rated by Charity Navigator, as it does not meet the requirements for evaluation. Ratings on Charity Navigator are dependent on beacon scores such as Accountability & Finance and Impact & Measurement, which are necessary for 501(c)(3) registered organizations. The absence of a rating does not infer any specific positive or negative aspects about the nonprofit.
The organization is not evaluated under Impact & Measurement, Leadership & Adaptability, or Culture & Community criteria due to its status as a non-501(c)(3) entity. Charity Navigator notes that historical ratings typically focused on aspects similar to today's Accountability and Finance. However, more detailed financial data, such as total revenue and expenses or salaries of key individuals, remains unavailable.
The Central Texas Electric Cooperative Inc operates independently without affiliation to other similar organizations. It files a Form 990 with the IRS, typical for nonprofit entities. While this status limits available data on how its operations impact broader community goals, it remains an essential part of its local service area, providing electrical services to its members without visibility through traditional nonprofit sector evaluation metrics. No user reviews are present on GreatNonprofits, which limits insights into personal experiences and community feedback regarding the organization's operations.
This AI summary has been generated from information found on Charity Navigator.
Is Central Texas Electric Cooperative Inc legitimate?
Central Texas Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Central Texas 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: $1,001,929
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,521,902
For more financial information, click here
Official website here: www.ctec.coop
What is the mission statement of Central Texas Electric Cooperative Inc?
Central Texas Electric Cooperative Inc is dedicated to delivering safe, reliable, and high-quality electric service to its member-owners at a reasonable cost. The cooperative's mission is to provide electric energy to its members cooperatively through the allocation of patronage capital. With over 45,000 active services at the end of the year, Central Texas Electric Cooperative Inc aims to ensure that its members receive dependable electricity to support their daily lives. By focusing on quality and affordability, the cooperative strives to build strong and sustainable energy partnerships with its community.
Official website here: www.ctec.coop
Who is the CEO of Central Texas Electric Cooperative Inc?
Atanacio Hinojosa is the CEO of Central Texas Electric Cooperative Inc The CEO's salary of Central Texas Electric Cooperative Inc is $240,330 and their total compensation is $298,237.
Official website here: www.ctec.coop
What is the revenue of Central Texas Electric Cooperative Inc?
Central Texas Electric Cooperative Inc's revenue in 2023 was $81,587,002.
Official website here: www.ctec.coop
Who are the executives of Central Texas Electric Cooperative Inc and what are their salaries?
The average compensation at Central Texas Electric Cooperative Inc during 2023 was $43,784. There are 149 employees at Central Texas Electric Cooperative Inc.
Here are 19 key members and their salaries (Central Texas Electric Cooperative Inc's CEO's salary is $240,330 and their total compensation is $298,237):
- Compensation: $18,339
- Related: $0
- Other: $0
- Compensation: $15,590
- Related: $0
- Other: $0
- Compensation: $16,140
- Related: $0
- Other: $0
- Compensation: $15,990
- Related: $0
- Other: $0
- Compensation: $14,040
- Related: $0
- Other: $0
- Compensation: $14,540
- Related: $0
- Other: $0
- Compensation: $15,390
- Related: $0
- Other: $0
- Compensation: $14,190
- Related: $0
- Other: $0
- Compensation: $15,240
- Related: $0
- Other: $0
- Compensation: $14,340
- Related: $0
- Other: $0
- Compensation: $13,890
- Related: $0
- Other: $0
- Compensation: $240,330
- Related: $0
- Other: $57,907
- Compensation: $189,400
- Related: $0
- Other: $84,467
- Compensation: $193,373
- Related: $0
- Other: $68,763
- Compensation: $129,086
- Related: $0
- Other: $52,627
- Compensation: $125,072
- Related: $0
- Other: $66,399
- Compensation: $120,350
- Related: $0
- Other: $118,906
- Compensation: $117,002
- Related: $0
- Other: $34,363
- Compensation: $114,617
- Related: $0
- Other: $86,330
Official website here: www.ctec.coop
Where can I find the form 990 for Central Texas Electric Cooperative Inc?
Central Texas Electric Cooperative Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ctec.coop
Learn more at the official website: www.ctec.coop
Mission Statement of Central Texas Electric Cooperative Inc
Central Texas Electric Cooperative Inc, a cooperative entity, is dedicated to providing quality and reliable electric service to its members at affordable costs. This mission is geared towards ensuring that the cooperative's member-owners in Texas receive safe, dependable, and high-quality electricity. The cooperative makes sure that it allocates patronage capital to provide electric energy to its members on a cooperative basis. In the previous year, there were 45,518 active electric services under the cooperative's purview.
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Impact
October, 2024
Central Texas Electric Cooperative Inc plays a crucial role in delivering quality and reliable electric service to its members in Fredericksburg, Texas. With an active membership of 45,518 services at year-end, the cooperative prioritizes providing electric energy on a cooperative basis, ensuring that services are offered at cost. Their mission focuses on safety, reliability, and high-quality service at reasonable rates, which benefits the local community by making essential energy access affordable. Through the allocation of patronage capital, Central Texas Electric Cooperative empowers its member-owners, fostering a sense of community and shared responsibility among its users. This approach not only enhances local infrastructure but also contributes to the overall economic stability of the region.
This information is meant to be a general summary of Central Texas 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: $297,077
- Program Service Revenue: $80,685,458
- Gross Receipts: $81,640,323
Assets and Liabilities:
- Total Assets: $241,941,832
- Total Liabilities: $138,549,742
- Net Assets: $103,392,090
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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
$78,842,339
PATRONAGE DIVIDENDS
Revenue
$1,144,634
SERVICE FEES
Revenue
$698,485
Organization Details
Founding Year
1947
Principal Officer
Atanacio Hinojosa
Website
www.ctec.coopNTEE Category
Code: W80 - Public benefit
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