Overview
What is Deep East Texas Electric Cooperative Inc?
Deep East Texas Electric Cooperative Inc, based in San Augustine, Texas (75972), is a dedicated nonprofit organization focused on delivering electricity and associated services to rural residents in East Texas. With a workforce of 131 employees, their mission is to ensure rural consumers in this region have access to essential electric resources.
Official website here: www.deepeast.com/
Is Deep East Texas Electric Cooperative Inc legitimate?
Deep East Texas Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Deep East 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: $770,562
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.deepeast.com/
What is the mission statement of Deep East Texas Electric Cooperative Inc?
Deep East Texas Electric Cooperative Inc was founded with the goal of supplying electricity and related services to consumers in rural areas of Texas. The cooperative is dedicated to meeting the unique energy needs of its customers in this region. Its mission is to ensure that residents in eastern Texas have reliable access to electricity, enhancing their quality of life and contributing to the development of the community. Through the provision of electrical services, Deep East Texas Electric Cooperative Inc aims to improve the living conditions and economic opportunities for rural households in the area. Additionally, the cooperative may offer other related services to enhance the overall energy experience for its members.
Official website here: www.deepeast.com/
Who is the CEO of Deep East Texas Electric Cooperative Inc?
Bryan Wood is the President of Deep East Texas Electric Cooperative Inc.
Official website here: www.deepeast.com/
What is the revenue of Deep East Texas Electric Cooperative Inc?
Deep East Texas Electric Cooperative Inc's revenue in 2022 was $120,456,230.
Official website here: www.deepeast.com/
Who are the executives of Deep East Texas Electric Cooperative Inc and what are their salaries?
The average compensation at Deep East Texas Electric Cooperative Inc during 2022 was $5,882. There are 131 employees at Deep East Texas Electric Cooperative Inc.
Here are 19 key members and their salaries:
- Compensation: $20,317
- Related: $0
- Other: $0
- Compensation: $19,265
- Related: $0
- Other: $0
- Compensation: $18,717
- Related: $0
- Other: $0
- Compensation: $292,281
- Related: $0
- Other: $85,354
- Compensation: $142,086
- Related: $0
- Other: $47,816
- Compensation: $18,265
- Related: $0
- Other: $0
- Compensation: $16,300
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $18,265
- Related: $0
- Other: $0
- Compensation: $17,140
- Related: $0
- Other: $0
- Compensation: $18,119
- Related: $0
- Other: $0
- Compensation: $19,739
- Related: $0
- Other: $0
- Compensation: $18,732
- Related: $0
- Other: $0
- Compensation: $18,165
- Related: $0
- Other: $0
- Compensation: $153,053
- Related: $0
- Other: $56,018
- Compensation: $154,882
- Related: $0
- Other: $55,667
- Compensation: $113,626
- Related: $0
- Other: $28,408
- Compensation: $139,632
- Related: $0
- Other: $38,406
- Compensation: $101,033
- Related: $0
- Other: $39,633
Official website here: www.deepeast.com/
Where can I find the form 990 for Deep East Texas Electric Cooperative Inc?
Deep East Texas Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.deepeast.com/
Learn more at the official website: www.deepeast.com/
Mission Statement of Deep East Texas Electric Cooperative Inc
Deep East Texas Electric Cooperative Inc, a nonprofit organization, was founded with the mission to bring electricity and related services to rural consumers in East Texas. This cooperative was established to address the energy needs of those living in rural areas, who may have been overlooked by other electricity providers.
In simple terms, Deep East Texas Electric Cooperative Inc exists to ensure that rural communities in East Texas have reliable access to electricity and essential energy-related services. Its primary objective is to extend the reach of electricity to every corner of the region, enabling rural residents to enjoy the benefits of modern living and to foster economic growth in their communities.
By focusing on rural areas, Deep East Texas Electric Cooperative Inc plays a crucial role in bridging the energy gap for those who might otherwise be left behind. Its dedication to serving rural consumers sets it apart, as it understands the unique challenges and requirements of providing electricity to these often dispersed and remote communities.
The organization's commitment to its mission is unwavering, as it strives to bring the power of electricity to the people of East Texas, transforming lives and communities through access to this essential resource.
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Impact
October, 2024
Deep East Texas Electric Cooperative Inc significantly impacts rural communities in East Texas by providing reliable electricity and essential services to consumers. Established in San Augustine, Texas, the cooperative addresses the unique challenges faced by rural areas, ensuring that residents have access to power that supports their daily needs and promotes economic development. This availability of electricity enables families to thrive, businesses to operate efficiently, and communities to grow. Additionally, the cooperative's commitment to meeting the energy requirements of its members fosters a sense of community and cooperation among residents, enhancing the overall quality of life in the region.
This information is meant to be a general summary of Deep East 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 2022.
- Investment Income: $295,781
- Program Service Revenue: $119,983,921
- Gross Receipts: $120,471,176
Assets and Liabilities:
- Total Assets: $265,824,939
- Total Liabilities: $157,476,434
- Net Assets: $108,348,505
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF ELECTRICITY/FEES
Revenue
$114,735,229
TRANSMISSION REVENUES
Revenue
$2,854,049
PATRONAGE CAPITAL CREDITS
Revenue
$2,394,643
Organization Details
Founding Year
1938
Phone
(936) 275-2314Principal Officer
Bryan Wood
Main Address
880 US HWY 21 EAST, SAN AUGUSTINE, TX, 75972
Website
www.deepeast.com/NTEE Category
Code: W80 - Public benefit
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