Overview
What is Grayson-Collin Electric Cooperative Inc?
Grayson-Collin Electric Cooperative Inc is a nonprofit organization situated in Van Alstyne, Texas. With a mission to provide quality and reliable electric service to its cooperative members, they allocate patronage capital to distribute electric energy on a cooperative basis. They ended the year with 75,221 active services. Their goal is to offer the best possible service at the most affordable cost. The cooperative currently employs 141 individuals.
Official website here: www.gcec.net
What are the reviews and ratings of this charity?
Grayson-Collin Electric Cooperative Inc is not currently rated by Charity Navigator. This is primarily due to its status as a non-501(c)(3) organization, which exempts it from the typical evaluation methodologies used by the rating platform. The lack of a rating is not indicative of any positive or negative inference about the organization's operations or impact.
The assessment of Grayson-Collin Electric Cooperative Inc by Charity Navigator is limited because the cooperative does not fall under the typical IRS classification needed for evaluation. Consequently, metrics on accountability, financial health, leadership, and community impact are unavailable. This lack of data highlights the challenges in evaluating organizations that do not meet the standard nonprofit classifications used by platforms like Charity Navigator.
Due to an absence of reviews on GreatNonprofits, there are no specific user testimonials to highlight regarding the cooperative's performance or impact from the consumer perspective. This further limits the ability to paint a comprehensive picture of the organization's public sentiment and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Grayson-Collin Electric Cooperative Inc legitimate?
Grayson-Collin Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Grayson-Collin 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: $2,838,057
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,783,539
For more financial information, click here
Official website here: www.gcec.net
What is the mission statement of Grayson-Collin Electric Cooperative Inc?
Grayson-Collin Electric Cooperative Inc is dedicated to delivering top-quality and dependable electric service to its cooperative members. Their mission is to offer the best possible service at the most affordable price. By providing electric energy on a cooperative basis, they allocate patronage capital for the benefit of their members. The cooperative served a total of 75,221 active services at the end of the year.
Official website here: www.gcec.net
Who is the CEO of Grayson-Collin Electric Cooperative Inc?
David Mcginnis is the General Manager/Ceo of Grayson-Collin Electric Cooperative Inc. The CEO's salary of Grayson-Collin Electric Cooperative Inc is $214,151 and their total compensation is $263,462.
Official website here: www.gcec.net
What is the revenue of Grayson-Collin Electric Cooperative Inc?
Grayson-Collin Electric Cooperative Inc's revenue in 2022 was $205,305,170.
Official website here: www.gcec.net
Who are the executives of Grayson-Collin Electric Cooperative Inc and what are their salaries?
The average compensation at Grayson-Collin Electric Cooperative Inc during 2022 was $68,238. There are 141 employees at Grayson-Collin Electric Cooperative Inc.
Here are 20 key members and their salaries (Grayson-Collin Electric Cooperative Inc's CEO's salary is $214,151 and their total compensation is $263,462):
- Compensation: $44,066
- Related: $0
- Other: $0
- Compensation: $43,916
- Related: $0
- Other: $0
- Compensation: $30,363
- Related: $0
- Other: $0
- Compensation: $17,432
- Related: $0
- Other: $0
- Compensation: $17,382
- Related: $0
- Other: $0
- Compensation: $420,947
- Related: $0
- Other: $56,720
- Compensation: $240,885
- Related: $0
- Other: $50,967
- Compensation: $214,904
- Related: $0
- Other: $61,931
- Compensation: $214,151
- Related: $0
- Other: $49,311
- Compensation: $205,554
- Related: $0
- Other: $61,028
- Compensation: $201,564
- Related: $0
- Other: $46,863
- Compensation: $180,849
- Related: $0
- Other: $46,424
- Compensation: $161,119
- Related: $0
- Other: $57,320
- Compensation: $160,972
- Related: $0
- Other: $57,311
- Compensation: $152,495
- Related: $0
- Other: $43,583
- Compensation: $163,785
- Related: $0
- Other: $57,541
- Compensation: $171,901
- Related: $0
- Other: $45,228
- Compensation: $159,060
- Related: $0
- Other: $53,449
- Compensation: $147,266
- Related: $0
- Other: $53,658
- Compensation: $145,786
- Related: $0
- Other: $39,021
Official website here: www.gcec.net
Where can I find the form 990 for Grayson-Collin Electric Cooperative Inc?
Grayson-Collin Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gcec.net
Learn more at the official website: www.gcec.net
Mission Statement of Grayson-Collin Electric Cooperative Inc
Grayson-Collin Electric Cooperative Inc, a prominent cooperative, is dedicated to delivering top-quality and dependable electric services to its membership base. The organization's primary mission is to provide the best possible service at the most affordable cost. Grayson-Collin Electric Cooperative Inc goes the extra mile in ensuring its members receive the finest electric energy experience.
The cooperative operates on a unique business model, where members pool their resources to allocate patronage capital. This cooperative approach allows for cost savings and efficient energy distribution. Grayson-Collin Electric Cooperative Inc's efforts culminated in 75,221 active services provided to its members at the end of the previous year. The cooperative's unwavering commitment to its members translated into 75,221 households and businesses that could count on reliable electric energy.
Grayson-Collin Electric Cooperative Inc's mission is not just about electricity; it is about creating a community where members can thrive. By providing quality electric service, the cooperative empowers its members to pursue their passions, power their homes, and grow their businesses. The cooperative's commitment to affordability ensures that everyone in the community has access to this essential resource, fostering a stronger, more connected community.
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Impact
October, 2024
Grayson-Collin Electric Cooperative Inc plays a crucial role in delivering quality and reliable electric service to its members in the Van Alstyne, TX area. With a mission focused on providing the best service possible at the lowest cost, the cooperative effectively serves 75,221 active accounts, ensuring that households and businesses have access to essential electricity. The cooperative operates on a model that promotes member engagement through the allocation of patronage capital, which fosters a sense of community ownership and participation in local energy solutions. By prioritizing efficiency and member satisfaction, Grayson-Collin Electric Cooperative Inc not only meets the energy needs of its members but also contributes to the overall economic vitality and sustainability of the region.
This information is meant to be a general summary of Grayson-Collin 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: $1,007,991
- Program Service Revenue: $202,968,382
- Gross Receipts: $205,305,170
Assets and Liabilities:
- Total Assets: $551,504,092
- Total Liabilities: $403,464,195
- Net Assets: $148,039,897
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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
$196,493,545
PATRONAGE DIVIDENDS
Revenue
$4,826,087
ELECTRICITY WHEELING
Revenue
$1,648,750
Organization Details
Founding Year
1937
Phone
(903) 482-7100Principal Officer
David Mcginnis
Main Address
PO BOX 548, VAN ALSTYNE, TX, 754950548
Website
www.gcec.netNTEE Category
Code: W80 - Public benefit
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