Overview
What is Denton County Electric Cooperative Inc?
Denton County Electric Cooperative Inc, also known as COServ Electric, is a nonprofit organization based in Corinth, Texas. With a team of 466 employees, they are committed to providing affordable electric power to their members on a cooperative basis. Their mission is to deliver excellent service by ensuring safe and reliable energy solutions. In the year end, they served a total of 294,353 active member services. The cooperative's operations involve selling electricity and related services at cost through the allocation of patronage capital.
Official website here: www.coserv.com
Is Denton County Electric Cooperative Inc legitimate?
Denton County Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Denton County 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: $5,262,255
Professional Fundraising Fees: $0
Other Salaries and Wages: $24,993,138
For more financial information, click here
Official website here: www.coserv.com
What is the mission statement of Denton County Electric Cooperative Inc?
Denton County Electric Cooperative Inc is committed to delivering exceptional service to its members and customers. Their mission is to provide safe and reliable electric solutions at a cooperative cost. Through this cooperative business model, they offer electricity and related services to their members, ensuring fairness in pricing through the allocation of patronage capital. The cooperative served a total of 294,353 active member services at the end of the year.
Official website here: www.coserv.com
Who is the CEO of Denton County Electric Cooperative Inc?
Donald Clary is the President & Ceo of Denton County Electric Cooperative Inc. The CEO's salary of Denton County Electric Cooperative Inc is $926,842 and their total compensation is $1,319,621.
Official website here: www.coserv.com
What is the revenue of Denton County Electric Cooperative Inc?
Denton County Electric Cooperative Inc's revenue in 2022 was $826,144,853.
Official website here: www.coserv.com
Who are the executives of Denton County Electric Cooperative Inc and what are their salaries?
The average compensation at Denton County Electric Cooperative Inc during 2022 was $64,926. There are 466 employees at Denton County Electric Cooperative Inc.
Here are 21 key members and their salaries (Denton County Electric Cooperative Inc's CEO's salary is $926,842 and their total compensation is $1,319,621):
- Compensation: $44,400
- Related: $0
- Other: $0
- Compensation: $43,400
- Related: $0
- Other: $0
- Compensation: $45,900
- Related: $0
- Other: $0
- Compensation: $40,400
- Related: $0
- Other: $0
- Compensation: $39,900
- Related: $0
- Other: $0
- Compensation: $49,400
- Related: $0
- Other: $0
- Compensation: $40,900
- Related: $0
- Other: $0
- Compensation: $926,842
- Related: $0
- Other: $392,779
- Compensation: $351,839
- Related: $0
- Other: $157,000
- Compensation: $344,895
- Related: $0
- Other: $152,091
- Compensation: $327,964
- Related: $0
- Other: $209,297
- Compensation: $339,037
- Related: $0
- Other: $161,353
- Compensation: $339,704
- Related: $0
- Other: $168,998
- Compensation: $276,745
- Related: $0
- Other: $59,877
- Compensation: $278,087
- Related: $0
- Other: $132,263
- Compensation: $246,327
- Related: $0
- Other: $92,857
- Compensation: $203,414
- Related: $0
- Other: $53,083
- Compensation: $189,897
- Related: $0
- Other: $71,354
- Compensation: $187,982
- Related: $0
- Other: $71,146
- Compensation: $189,707
- Related: $0
- Other: $99,478
- Compensation: $208,715
- Related: $0
- Other: $82,543
Official website here: www.coserv.com
Where can I find the form 990 for Denton County Electric Cooperative Inc?
Denton County Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.coserv.com
Learn more at the official website: www.coserv.com
Mission Statement of Denton County Electric Cooperative Inc
Denton County Electric Cooperative Inc, a cooperative dedication, strives to provide electric power to its members at cost. This cooperative, with a clear mission, aims to deliver excellent service to its members and customers. The cooperative prides itself on providing safe and reliable energy solutions, ensuring the communities it serves have consistent access to electricity. Through the allocation of patronage capital, the cooperative offers sales of electricity and related services on a cooperative basis. At the end of the year, Denton County Electric Cooperative Inc supplied electricity to 294,353 active member services.
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Impact
October, 2024
Denton County Electric Cooperative Inc plays a vital role in delivering safe and reliable energy solutions to its members in Corinth, Texas. By providing electricity and related services at cost, the cooperative ensures that its 294,353 active member services receive affordable and sustainable energy. This member-focused approach fosters a sense of community and encourages the responsible use of resources.
The cooperative's commitment to excellent service has a direct impact on local economies and the overall quality of life for residents. By allocating patronage capital, Denton County Electric Cooperative Inc not only meets the energy needs of its members but also promotes transparency and efficiency in its operations. This model supports local growth and empowers members by actively involving them in the cooperative's success. Overall, the cooperative is essential for enhancing energy accessibility, reliability, and sustainability in the region.
This information is meant to be a general summary of Denton County 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: $929,990
- Program Service Revenue: $823,330,632
- Gross Receipts: $827,182,264
Assets and Liabilities:
- Total Assets: $2,042,962,594
- Total Liabilities: $1,264,582,796
- Net Assets: $778,379,798
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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
$815,941,253
SERVICE FEES
Revenue
$7,175,405
PATRONAGE DIVIDENDS
Revenue
$213,974
Organization Details
Founding Year
1938
Phone
(940) 321-7800Principal Officer
Donald Clary
Main Address
7701 SOUTH STEMMONS FREEWAY, CORINTH, TX, 76210
Website
www.coserv.comNTEE Category
Code: W80 - Public benefit
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