Overview
What is Association Of Electric Companies Of Texas Inc?
The Association of Electric Companies of Texas Inc., based in Austin, Texas, serves as a nonprofit organization with a mission to foster energy development and conservation programs. With a workforce of six individuals, they provide a platform for their member companies to exchange information about public policy and engage with both the public and government officials. Their primary objective is to benefit the customers and investors of electric utility companies in Texas. They function as a medium for dialogue and advocacy, working towards the betterment of the electric utility sector in the state.
Official website here: www.aect.net
Is Association Of Electric Companies Of Texas Inc legitimate?
Association Of Electric Companies Of Texas Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Association Of Electric Companies Of Texas 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: $636,897
Professional Fundraising Fees: $0
Other Salaries and Wages: $368,517
For more financial information, click here
Official website here: www.aect.net
What is the mission statement of Association Of Electric Companies Of Texas Inc?
The Association of Electric Companies of Texas Inc serves as a platform for its member companies to share information about public policy. This organization facilitates communication between its members and government officials, aiming to promote a collective understanding of regulatory matters. Additionally, the Association is dedicated to advancing energy development, conservation programs, and initiatives that benefit the customers and investors of electric utility companies in Texas. It acts as a forum where these companies can collaborate and exchange ideas, ultimately contributing to the betterment of the energy sector in the state.
Official website here: www.aect.net
Who is the CEO of Association Of Electric Companies Of Texas Inc?
Mark Bell is the President & of Association Of Electric Companies Of Texas Inc.
Official website here: www.aect.net
What is the revenue of Association Of Electric Companies Of Texas Inc?
Association Of Electric Companies Of Texas Inc's revenue in 2022 was $2,766,687.
Official website here: www.aect.net
Who are the executives of Association Of Electric Companies Of Texas Inc and what are their salaries?
The average compensation at Association Of Electric Companies Of Texas Inc during 2022 was $167,569. There are 6 employees and 11 volunteers at Association Of Electric Companies Of Texas Inc.
Here are 16 key members and their salaries:
- Compensation: $417,556
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- Other: $31,828
- Compensation: $168,250
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- Other: $19,262
- Compensation: $101,633
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- Other: $9,620
- Compensation: $101,633
- Related: $0
- Other: $8,306
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- Other: $0
Official website here: www.aect.net
Where can I find the form 990 for Association Of Electric Companies Of Texas Inc?
Association Of Electric Companies Of Texas Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aect.net
Learn more at the official website: www.aect.net
Mission Statement of Association Of Electric Companies Of Texas Inc
The Association of Electric Companies of Texas Inc serves as a platform for its member companies, fostering an environment where they can share information about public policy. This organization's primary mission is to bridge the gap between its members and key stakeholders, including the public and government officials. By doing so, it promotes open communication and collaboration, ultimately benefiting the customers and investors of electric utility companies in Texas. In addition to this, the Association of Electric Companies of Texas Inc is committed to advancing energy development and conservation programs, as well as other initiatives designed to enhance the services provided by electric utility companies in the state of Texas.
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Impact
October, 2024
The Association of Electric Companies of Texas Inc plays a significant role in the energy landscape of Texas by facilitating communication and collaboration among its member companies. By providing a forum for these companies to exchange information about public policy, the association helps shape the regulatory environment that governs electric utilities in the state.
The impact of the association extends to promoting energy development and conservation programs, which are essential for advancing sustainable practices within the industry. This commitment not only benefits the customers who rely on these utilities for their energy needs but also supports investors by fostering a stable and informed marketplace.
Additionally, through its communication initiatives, the association influences public discourse on energy issues, bridging the gap between the electric companies, government officials, and the public. This engagement ensures that various stakeholders are informed and can contribute to decisions that affect energy policy and infrastructure in Texas. Overall, the association's activities contribute to a more resilient and efficient energy sector in the state.
This information is meant to be a general summary of Association Of Electric Companies Of Texas 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: $36,102
- Program Service Revenue: $2,725,000
- Gross Receipts: $2,776,309
Assets and Liabilities:
- Total Assets: $3,746,074
- Total Liabilities: $574,357
- Net Assets: $3,171,717
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSESSMENTS
Revenue
$2,725,000
Organization Details
Founding Year
1978
Phone
(512) 474-6725Principal Officer
Mark Bell
Main Address
1005 CONGRESS AVENUE STE 1000, AUSTIN, TX, 787012491
Website
www.aect.netNTEE Category
Code: W80 - Public benefit
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