Bowie-Cass Electric Cooperative Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 750150318 ✦ Douglassville, TX ✦ Designated as a 501(c)(12)

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Overview

What is Bowie-Cass Electric Cooperative Inc?

Bowie-Cass Electric Cooperative Inc is a nonprofit organization based in Douglassville, Texas. With a mission to make electric energy accessible to its members at the most affordable price, they serve a community of 27,321 members and manage around 43,832 services. The cooperative allocates patronage capital on a cooperative basis, ensuring the availability of electric energy to its members while maintaining sound economic principles and good management. In summary, Bowie-Cass Electric Cooperative Inc is dedicated to providing electric energy to its members in Douglassville, Texas, at an affordable cost, with a commitment to sound economic practices.


Official website here: www.bcec.com

Is Bowie-Cass Electric Cooperative Inc legitimate?

Bowie-Cass Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Bowie-Cass 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: $454,716
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.bcec.com

What is the mission statement of Bowie-Cass Electric Cooperative Inc?

The Bowie-Cass Electric Cooperative Inc is dedicated to delivering electric energy to its members at the most affordable cost, ensuring sound economic practices and effective management. By offering cooperative electric services, they aim to provide approximately 43,832 services to over 27,321 members, allocating patronage capital for their operations. The cooperative's primary commitment is to make electric energy accessible to its community, making every effort to maintain affordability and stability.


Official website here: www.bcec.com

Who is the CEO of Bowie-Cass Electric Cooperative Inc?

Steve E Delaughter is the President of Bowie-Cass Electric Cooperative Inc.


Official website here: www.bcec.com

What is the revenue of Bowie-Cass Electric Cooperative Inc?

Bowie-Cass Electric Cooperative Inc's revenue in 2022 was $102,367,019.


Official website here: www.bcec.com

Who are the executives of Bowie-Cass Electric Cooperative Inc and what are their salaries?

The average compensation at Bowie-Cass Electric Cooperative Inc during 2022 was $4,134. There are 110 employees at Bowie-Cass Electric Cooperative Inc.


Here are 15 key members and their salaries:


Mark A Boyd (General Manager)
  • Compensation: $210,275
  • Related: $0
  • Other: $71,198
Jonathan T Corbin (Engineer Manager)
  • Compensation: $153,842
  • Related: $0
  • Other: $56,251
Gregory Russell (Maint. Superintend)
  • Compensation: $136,782
  • Related: $0
  • Other: $56,552
Sharon Cook (Cfo & Hr Manager)
  • Compensation: $137,895
  • Related: $0
  • Other: $52,066
Colin Waldrop (Serviceman)
  • Compensation: $120,351
  • Related: $0
  • Other: $52,107
Adam Balmain (Serviceman)
  • Compensation: $117,419
  • Related: $0
  • Other: $51,370
Steve E Delaughter (President)
  • Compensation: $25,432
  • Related: $0
  • Other: $0
Anthony Pinkham (Director)
  • Compensation: $19,732
  • Related: $0
  • Other: $0
Ryan Richey (Director)
  • Compensation: $18,832
  • Related: $0
  • Other: $0
Larry Wells (Vice President)
  • Compensation: $18,832
  • Related: $0
  • Other: $0
Hal Hess (Director)
  • Compensation: $18,821
  • Related: $0
  • Other: $0
Jerry Moody (Ass. Sec/Treas.)
  • Compensation: $18,532
  • Related: $0
  • Other: $0
Sue Berry (Sec/Treasurer)
  • Compensation: $18,515
  • Related: $0
  • Other: $0
Denise Mcdaniel (Director)
  • Compensation: $18,032
  • Related: $0
  • Other: $0
David Frost (Director)
  • Compensation: $16,515
  • Related: $0
  • Other: $0


Official website here: www.bcec.com

Where can I find the form 990 for Bowie-Cass Electric Cooperative Inc?

Bowie-Cass Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.bcec.com

Learn more at the official website: www.bcec.com

Mission Statement of Bowie-Cass Electric Cooperative Inc

Bowie-Cass Electric Cooperative Inc, a dedicated organization, strives to bring electric energy to its 27,321 members at the most affordable cost, balancing sound economic principles and effective management. The cooperative's primary goal is to make electricity accessible to its community, ensuring a reliable and economical energy solution for its constituents. By allocating patronage capital, Bowie-Cass Electric Cooperative Inc is able to meet the energy needs of its approximately 43,832 services in place at the year's end, all while maintaining a cooperative business structure. With a commitment to providing electric energy at a reasonable cost, Bowie-Cass Electric Cooperative Inc continues to power the lives of its valued members, enabling them to thrive in their daily activities.

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Impact




October, 2024

Bowie-Cass Electric Cooperative Inc significantly impacts its community by providing reliable electric energy to 27,321 members, ensuring that over 43,832 services are in place throughout the region. By focusing on offering electricity at the lowest possible cost while maintaining sound economic practices, it enhances the quality of life for its members. The cooperative fosters a sense of community by allocating patronage capital, which allows members to benefit from the cooperative’s success. Located in Douglassville, Texas, its mission underscores a commitment to responsible management and public benefit, making electricity accessible and affordable for the residents it serves. Through its operations, Bowie-Cass Electric Cooperative Inc plays a crucial role in supporting the economic stability and growth of the area.




This information is meant to be a general summary of Bowie-Cass 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.

Revenue
$102,367,019 (2022)
Expenses
$102,367,019 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $325,995
  • Program Service Revenue: $101,822,301
  • Gross Receipts: $102,367,019

Assets and Liabilities:

  • Total Assets: $210,404,632
  • Total Liabilities: $99,075,792
  • Net Assets: $111,328,840

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Electric Power

Revenue

$99,708,359

Internet Service Fees

Revenue

$831,980

Patronage Dividends

Revenue

$858,365

Service Fees

Revenue

$423,597

Organization Details

Founding Year

1937

Principal Officer

Steve E Delaughter

Main Address

P O Box 47, Douglassville, TX, 75560

NTEE Category

Code: W80 - Public benefit

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