Overview
What is San Miguel Electric Cooperative Inc?
San Miguel Electric Cooperative Inc, based in Jourdanton, Texas, is a nonprofit organization dedicated to operating a 400 Megawatt mine-mouth lignite-fired generating plant and associated mining facilities. Their primary mission is to provide power and energy to its member cooperatives on a cooperative basis. Employing 196 individuals, they prioritize safety, reliability, and affordability while ensuring environmental stewardship and employee growth. Their goals include maintaining a dependable power supply at the lowest possible cost through integrity, hard work, and safety.
Official website here: www.smeci.net
Is San Miguel Electric Cooperative Inc legitimate?
San Miguel Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. San Miguel 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: $1,557,518
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,812,231
For more financial information, click here
Official website here: www.smeci.net
What is the mission statement of San Miguel Electric Cooperative Inc?
The San Miguel Electric Cooperative Inc is committed to delivering safe, reliable, and affordable power to its cooperative members. Through diligent resource management, environmental stewardship, and employee growth, the cooperative aims to maintain a dependable power supply at the most competitive cost. The cooperative's mission is to provide electricity while contributing to the communities it serves. By focusing on integrity, hard work, and safety, San Miguel Electric Cooperative, Inc. strives to be a trusted energy provider.
Official website here: www.smeci.net
What is the revenue of San Miguel Electric Cooperative Inc?
San Miguel Electric Cooperative Inc's revenue in 2024 was $175,587,078.
Official website here: www.smeci.net
Who are the executives of San Miguel Electric Cooperative Inc and what are their salaries?
The average compensation at San Miguel Electric Cooperative Inc during 2024 was $87,827. There are 175 employees at San Miguel Electric Cooperative Inc.
Here are 30 key members and their salaries:
- Compensation: $495,017
- Related: $0
- Other: $92,595
- Compensation: $249,683
- Related: $0
- Other: $39,790
- Compensation: $222,609
- Related: $0
- Other: $28,804
- Compensation: $197,743
- Related: $0
- Other: $39,059
- Compensation: $172,596
- Related: $0
- Other: $40,692
- Compensation: $153,757
- Related: $0
- Other: $42,599
- Compensation: $154,307
- Related: $0
- Other: $39,294
- Compensation: $140,949
- Related: $0
- Other: $49,161
- Compensation: $149,380
- Related: $0
- Other: $35,916
- Compensation: $167,570
- Related: $0
- Other: $16,525
- Compensation: $15,096
- Related: $0
- Other: $0
- Compensation: $15,056
- Related: $0
- Other: $0
- Compensation: $14,048
- Related: $0
- Other: $0
- Compensation: $13,866
- Related: $0
- Other: $0
- Compensation: $13,786
- Related: $0
- Other: $0
- Compensation: $13,676
- Related: $0
- Other: $0
- Compensation: $13,650
- Related: $0
- Other: $0
- Compensation: $13,650
- Related: $0
- Other: $0
- Compensation: $13,622
- Related: $0
- Other: $0
- Compensation: $13,527
- Related: $0
- Other: $0
- Compensation: $12,997
- Related: $0
- Other: $0
- Compensation: $12,985
- Related: $0
- Other: $0
- Compensation: $12,838
- Related: $0
- Other: $0
- Compensation: $12,831
- Related: $0
- Other: $0
- Compensation: $12,418
- Related: $0
- Other: $0
- Compensation: $11,765
- Related: $0
- Other: $0
- Compensation: $2,112
- Related: $0
- Other: $0
- Compensation: $1,950
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.smeci.net
Where can I find the form 990 for San Miguel Electric Cooperative Inc?
San Miguel Electric Cooperative Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.smeci.net
Learn more at the official website: www.smeci.net
Mission Statement of San Miguel Electric Cooperative Inc
San Miguel Electric Cooperative, Inc. is a mission-driven organization dedicated to providing its members with safe, reliable, and affordable power. Established to own and operate a 400 Megawatt mine-mouth lignite-fired generating plant and associated mining facility, San Miguel's primary goal is to furnish power and energy to its cooperative members.
The cooperative takes a diligent approach to resource management, environmental stewardship, and employee growth to ensure the delivery of power. San Miguel's team is committed to maintaining a dependable power supply at the lowest possible cost for its customers. They prioritize integrity, hard work, and safety in all aspects of their operations.
San Miguel Electric Cooperative, Inc. goes beyond just supplying power to its members. It strives to help meet the needs of the communities it serves. By owning and operating its own power plant and mining facility, the cooperative is able to keep costs low and provide competitive electricity rates. This commitment to affordability allows members to focus on their own priorities and better their lives.
The cooperative's dedication to providing power extends beyond its members. It also focuses on ensuring the safety and reliability of the power supply for the communities it serves. San Miguel Electric Cooperative, Inc. is a vital partner in keeping the lights on and powering the daily lives of its members and the surrounding community.
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Impact
October, 2024
San Miguel Electric Cooperative Inc significantly impacts its member cooperatives by providing safe, reliable, and affordable power generated from its 400 MW mine-mouth lignite-fired power plant. Through the operation of this facility and its associated mining activities, San Miguel ensures a dependable power supply while maintaining a strong emphasis on resource management and environmental stewardship. This focus not only meets the energy needs of its members but also supports economic growth in the communities it serves by keeping energy costs competitive. Additionally, the cooperative fosters employee growth, thereby enhancing workforce skills and contributing to the overall well-being of the local economy.
This information is meant to be a general summary of San Miguel 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 2024.
- Investment Income: $5,635,852
- Program Service Revenue: $165,589,898
- Gross Receipts: $175,587,078
Assets and Liabilities:
- Total Assets: $558,755,810
- Total Liabilities: $443,777,203
- Net Assets: $114,978,607
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Generation of Electricity
Revenue
$165,589,898
Organization Details
Founding Year
1977
Principal Officer
Vanessa Pawelek
Website
www.smeci.netNTEE Category
Code: W80 - Public benefit
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