Overview
What is Deaf Smith Electric Cooperative Inc?
Deaf Smith Electric Cooperative Inc is a nonprofit organization based in Hereford, Texas. With a mission to provide electricity to rural areas at cost on a cooperative basis, they serve a community of 15,159 connected meters. Their operations involve procuring, developing, and distributing reliable electric energy to their customers through a well-built and maintained facility. Additionally, Deaf Smith Electric Cooperative offers supporting services that enhance the safety and quality of life for their consumers and employees. They had a workforce of 59 individuals at the time the information was provided.
Official website here: www.deafsmith.coop
Is Deaf Smith Electric Cooperative Inc legitimate?
Deaf Smith Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Deaf Smith 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: $687,640
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,874,957
For more financial information, click here
Official website here: www.deafsmith.coop
What is the mission statement of Deaf Smith Electric Cooperative Inc?
Deaf Smith Electric Cooperative Inc is dedicated to procuring, developing, and distributing dependable electric energy to its customers. The cooperative operates with a well-built and maintained facility, providing supportive services that enhance the safety and quality of life for both consumers and employees. Through a cooperative business model, the organization sells electric energy to its members and allocates patronage capital. At the end of the year, there were 15,159 connected meters. The mission of Deaf Smith Electric Cooperative Inc is to ensure a consistent electricity supply to rural areas, while prioritizing the well-being of its community.
Official website here: www.deafsmith.coop
What is the revenue of Deaf Smith Electric Cooperative Inc?
Deaf Smith Electric Cooperative Inc's revenue in 2023 was $75,169,966.
Official website here: www.deafsmith.coop
Who are the executives of Deaf Smith Electric Cooperative Inc and what are their salaries?
The average compensation at Deaf Smith Electric Cooperative Inc during 2023 was $63,618. There are 56 employees at Deaf Smith Electric Cooperative Inc.
Here are 14 key members and their salaries:
- Compensation: $27,132
- Related: $0
- Other: $0
- Compensation: $28,012
- Related: $0
- Other: $0
- Compensation: $27,224
- Related: $0
- Other: $0
- Compensation: $29,839
- Related: $0
- Other: $0
- Compensation: $28,589
- Related: $0
- Other: $0
- Compensation: $30,269
- Related: $0
- Other: $0
- Compensation: $24,979
- Related: $0
- Other: $0
- Compensation: $203,839
- Related: $0
- Other: $71,748
- Compensation: $156,448
- Related: $0
- Other: $59,561
- Compensation: $132,574
- Related: $0
- Other: $47,680
- Compensation: $130,813
- Related: $0
- Other: $34,162
- Compensation: $130,655
- Related: $0
- Other: $40,611
- Compensation: $130,430
- Related: $0
- Other: $27,978
- Compensation: $128,553
- Related: $0
- Other: $39,226
Official website here: www.deafsmith.coop
Where can I find the form 990 for Deaf Smith Electric Cooperative Inc?
Deaf Smith Electric Cooperative Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.deafsmith.coop
Learn more at the official website: www.deafsmith.coop
Mission Statement of Deaf Smith Electric Cooperative Inc
Deaf Smith Electric Cooperative Inc, a cooperative entity, is dedicated to procuring, developing, and distributing dependable electric energy to its customers. The cooperative's mission is twofold: firstly, to deliver electricity in a well-built and maintained facility; and secondly, to offer supporting services that enhance the safety and quality of life for its consumers and employees.
Deaf Smith Electric Cooperative Inc pursues this objective by selling electric energy on a cooperative basis. This means that the cooperative allocates patronage capital to its members, which is essentially a share of the profits earned from electricity sales. The cooperative's commitment to its members goes beyond just providing electricity; it aims to create a community where the well-being of its consumers and employees is a priority.
In practice, Deaf Smith Electric Cooperative Inc connects electricity to 15,159 meters each year, bringing light and power to rural areas in a cost-effective and cooperative manner. The cooperative's facilities are well-built and meticulously maintained, ensuring a reliable electricity supply. Additionally, the cooperative provides supporting services that cater to the safety and quality of life of its members, although specifics about these services are not provided in the information.
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Impact
October, 2024
Deaf Smith Electric Cooperative Inc plays a crucial role in enhancing the quality of life for residents in rural areas by providing reliable electricity at cost through a cooperative model. With 15,159 connected meters, the cooperative ensures that local communities have access to essential electric energy services.
The cooperative is dedicated to procuring, developing, and distributing dependable electric energy, all while maintaining high safety standards for both consumers and employees. By allocating patronage capital, it not only supports affordable energy pricing but also fosters a sense of community ownership and participation. This model not only enhances the reliability of services provided but also empowers members, ensuring that their needs and concerns are prioritized.
Through its well-maintained facilities and the commitment to customer service, Deaf Smith Electric Cooperative Inc significantly contributes to the economic vitality and overall well-being of the communities it serves in Hereford, Texas, and surrounding areas.
This information is meant to be a general summary of Deaf Smith 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: $250,840
- Program Service Revenue: $74,761,041
- Gross Receipts: $75,169,966
Assets and Liabilities:
- Total Assets: $130,870,300
- Total Liabilities: $20,916,838
- Net Assets: $109,953,462
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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
$64,796,045
PATRONAGE DIVIDENDS
Revenue
$9,964,996
Organization Details
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