Overview
What is South Texas Electric Cooperative Inc?
South Texas Electric Cooperative Inc, or STEC, is a nonprofit organization based in Nursery, Texas, with a PO Box address (119). Established for the generation and transmission of electric power, this cooperative serves nine member cooperatives. STEC's mission is to provide rural utility services, and they sell power through wholesale contracts with their member-customers. The cooperative employs a total workforce of 287 individuals.
Official website here: www.stec.org
Is South Texas Electric Cooperative Inc legitimate?
South Texas Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. South 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: $2,376,785
Professional Fundraising Fees: $0
Other Salaries and Wages: $21,584,395
For more financial information, click here
Official website here: www.stec.org
What is the mission statement of South Texas Electric Cooperative Inc?
South Texas Electric Cooperative Inc functions as a rural utility service cooperative, specializing in the generation and transmission of electricity. The organization's primary objective is to provide electrical power to its member cooperatives. Through wholesale power contracts, STEC sells the electricity it produces. The mission of South Texas Electric Cooperative Inc centers around delivering electricity to its member-customers in a cooperative manner.
Official website here: www.stec.org
What is the revenue of South Texas Electric Cooperative Inc?
South Texas Electric Cooperative Inc's revenue in 2023 was $688,786,888.
Official website here: www.stec.org
Who are the executives of South Texas Electric Cooperative Inc and what are their salaries?
The average compensation at South Texas Electric Cooperative Inc during 2023 was $85,576. There are 280 employees at South Texas Electric Cooperative Inc.
Here are 30 key members and their salaries:
- Compensation: $16,000
- Related: $0
- Other: $0
- Compensation: $16,000
- Related: $0
- Other: $0
- Compensation: $16,000
- Related: $0
- Other: $0
- Compensation: $16,000
- Related: $0
- Other: $0
- Compensation: $16,000
- Related: $0
- Other: $0
- Compensation: $16,000
- Related: $0
- Other: $0
- Compensation: $16,000
- Related: $0
- Other: $0
- Compensation: $16,000
- Related: $0
- Other: $0
- Compensation: $15,400
- Related: $0
- Other: $0
- Compensation: $15,200
- Related: $0
- Other: $0
- Compensation: $15,000
- Related: $0
- Other: $0
- Compensation: $14,800
- Related: $0
- Other: $0
- Compensation: $14,800
- Related: $0
- Other: $0
- Compensation: $13,000
- Related: $0
- Other: $0
- Compensation: $6,600
- Related: $0
- Other: $0
- Compensation: $6,400
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $656,995
- Related: $0
- Other: $112,668
- Compensation: $176,296
- Related: $0
- Other: $59,501
- Compensation: $124,791
- Related: $0
- Other: $12,271
- Compensation: $361,643
- Related: $0
- Other: $197,244
- Compensation: $323,701
- Related: $0
- Other: $122,475
- Compensation: $249,761
- Related: $0
- Other: $146,776
- Compensation: $231,558
- Related: $0
- Other: $99,478
- Compensation: $226,808
- Related: $0
- Other: $98,095
- Compensation: $217,809
- Related: $0
- Other: $72,140
- Compensation: $246,978
- Related: $0
- Other: $22,049
- Compensation: $327,765
- Related: $0
- Other: $40,254
Official website here: www.stec.org
Where can I find the form 990 for South Texas Electric Cooperative Inc?
South Texas Electric Cooperative Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.stec.org
Learn more at the official website: www.stec.org
Mission Statement of South Texas Electric Cooperative Inc
South Texas Electric Cooperative Inc, or STEC, is a dedicated cooperative focused on the generation and transmission of electricity for rural communities. Established with a mission to power the lives of its member-customers, STEC operates as a cooperative utility that prioritizes the needs of its nine member cooperatives.
Through wholesale power contracts, STEC sells the electricity it generates, making it an essential partner for its member cooperatives. By providing reliable and efficient electricity, STEC contributes to the overall development and growth of the rural communities it serves. The organization's commitment to its mission is reflected in its determination to ensure a consistent power supply for its members, enabling them to thrive in their daily lives.
In summary, South Texas Electric Cooperative Inc is a vital force in the rural electric cooperative landscape. Its mission to generate and transmit electricity is more than just a business; it is an investment in the future of the communities it serves. By focusing on the needs of its member cooperatives, STEC fosters growth, development, and progress, ultimately improving the quality of life for those it serves.
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Impact
October, 2024
South Texas Electric Cooperative Inc (STEC) plays a crucial role in providing reliable electricity to rural areas in Texas. By generating and transmitting electric power, STEC supports its nine member cooperatives, ensuring that communities have access to essential utilities. This cooperative structure fosters collaboration and financial efficiency, allowing for wholesale power contracts that benefit member-customers.
STEC’s commitment to rural utility service enhances the quality of life for residents in these areas by delivering affordable and dependable energy solutions. The cooperative model promotes public benefit and community-oriented initiatives, reinforcing the economic stability and growth of rural Texas. Through its services, STEC significantly contributes to the overall development and well-being of the regions it serves, making a lasting impact on local economies and the environment.
This information is meant to be a general summary of South 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: $1,977,343
- Program Service Revenue: $685,749,742
- Gross Receipts: $688,815,925
Assets and Liabilities:
- Total Assets: $1,574,035,330
- Total Liabilities: $1,130,901,964
- Net Assets: $443,133,366
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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
$673,986,701
PATRONAGE DIVIDENDS
Revenue
$6,575,134
TRANSMISSION
Revenue
$3,954,624
POLE ATTACHMENT REVENUE
Revenue
$808,610
OTHER PROGRAM REVENUE
Revenue
$424,673
Organization Details
Founding Year
1944
Principal Officer
Clifton Eric Lange
Website
www.stec.orgNTEE Category
Code: W80 - Public benefit
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