Greenbelt Electric Cooperative Inc

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

EIN: 750304276 ✦ Wellington, TX ✦ Designated as a 501(c)(12)

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Overview

What is Greenbelt Electric Cooperative Inc?

Greenbelt Electric Cooperative Inc, located in Wellington, Texas (PO Box 948), is a dedicated nonprofit organization with a mission to provide electric power to rural areas at cost on a cooperative basis. At the end of the year, they served 5,597 members. The cooperative is committed to excellent customer service, ensuring top-quality electric service reliability, affordable rates, employee teamwork, and the highest degree of integrity. Greenbelt Electric Cooperative, with a team of 41 employees, aims to allocate patronage capital to provide electric power to its members cooperatively.


Official website here: www.greenbeltelectric.coop

What are the reviews and ratings of this charity?

Greenbelt Electric Cooperative Inc is currently not rated by Charity Navigator. This absence of a rating does not imply any positive or negative judgment but rather reflects the fact that the organization has not been evaluated, primarily due to its non-501(c)(3) status. Charity Navigator evaluations typically involve an Accountability & Finance beacon or Impact & Measurement beacon, yet Greenbelt Electric Cooperative Inc does not fit under this scope due to its independent and non-501(c)(3) status.

Historical data suggests that any previous evaluations of similar entities by Charity Navigator were based on accountability and finance aspects. However, Greenbelt Electric Cooperative Inc does not provide such information, such as total revenue, expenses, or key personnel salary data, which further limits the ability to assess through this standard methodology. The lack of this classification also excludes them from evaluation through various other Charity Navigator methodologies like Leadership & Adaptability, or Culture & Community.

No user reviews for Greenbelt Electric Cooperative Inc are available on GreatNonprofits. As a result, there is no community feedback to provide further insights into the organization’s impact or reputation.


This AI summary has been generated from information found on Charity Navigator.

What do the Facebook reviews say about Greenbelt Electric Cooperative Inc?

100% of 16 reviewers on Facebook recommend Greenbelt Electric Cooperative Inc. Here is a summary of their reviews:

The overall sentiment towards Greenbelt Electric is overwhelmingly positive. Many users express appreciation for the cooperative's commitment to service, highlighting their prompt responses even during late hours and adverse weather conditions. Reviewers feel reassured knowing they can rely on the cooperative to restore power effectively, showcasing a strong trust in their reliability.

Praise for the organization's dedication reinforces the sense of community support, with customers thanking the team for their efforts. The feedback reflects a satisfaction with the services provided and a general sense of gratitude for the assistance received during outages, indicating that Greenbelt Electric Cooperate Inc truly delivers on its promises to its members.


This AI summary has been generated from reviews found on Facebook.

Is Greenbelt Electric Cooperative Inc legitimate?

Greenbelt Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Greenbelt 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: $656,185
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,984,452

For more financial information, click here


Official website here: www.greenbeltelectric.coop

What is the mission statement of Greenbelt Electric Cooperative Inc?

Greenbelt Electric Cooperative Inc is committed to providing electric power to rural communities on a cooperative basis. The cooperative prioritizes excellent customer service, reflected in top-notch electric service reliability, affordable rates, and employee teamwork. Integrity is a guiding principle in all cooperative endeavors. Greenbert Electric Cooperative Inc allocates patronage capital to deliver electricity to its members and served a total of 5,597 services at the end of the year.


Official website here: www.greenbeltelectric.coop

Who is the CEO of Greenbelt Electric Cooperative Inc?

Randy White is the President (Jan-June) of Greenbelt Electric Cooperative Inc. The CEO's salary of Greenbelt Electric Cooperative Inc is $185,535 and their total compensation is $308,700.


Official website here: www.greenbeltelectric.coop

What is the revenue of Greenbelt Electric Cooperative Inc?

Greenbelt Electric Cooperative Inc's revenue in 2022 was $27,737,736.


Official website here: www.greenbeltelectric.coop

Who are the executives of Greenbelt Electric Cooperative Inc and what are their salaries?

The average compensation at Greenbelt Electric Cooperative Inc during 2022 was $64,406. There are 41 employees at Greenbelt Electric Cooperative Inc.


Here are 16 key members and their salaries (Greenbelt Electric Cooperative Inc's CEO's salary is $185,535 and their total compensation is $308,700):


James W Batton (President (Jan-June))
  • Compensation: $14,874
  • Related: $0
  • Other: $0
Billy Conner (Director)
  • Compensation: $31,049
  • Related: $0
  • Other: $0
Stan Shelton (Vice President)
  • Compensation: $31,057
  • Related: $0
  • Other: $0
Carson Bird (Director (Jan-Oct))
  • Compensation: $24,924
  • Related: $0
  • Other: $0
Steve Mathews (Secretary/Treasurer)
  • Compensation: $31,057
  • Related: $0
  • Other: $0
Jimmie Taylor (Director)
  • Compensation: $32,799
  • Related: $0
  • Other: $0
Michael Souder (President)
  • Compensation: $32,807
  • Related: $0
  • Other: $0
Stephen Martin (Director (July-Dec))
  • Compensation: $9,042
  • Related: $0
  • Other: $0
Brett Buckingham (Director (Dec))
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy White (General Manager/Ceo)
  • Compensation: $185,535
  • Related: $0
  • Other: $123,165
Carly Ward (Chief Financial Officer)
  • Compensation: $111,767
  • Related: $0
  • Other: $28,109
Stan Mcclendon (General Manager (Jan))
  • Compensation: $134,131
  • Related: $0
  • Other: $882
Debra Belew (Office Manager (Jan-Oct))
  • Compensation: $179,795
  • Related: $0
  • Other: $11,771
Ricky Bond (Operations Manager)
  • Compensation: $133,698
  • Related: $0
  • Other: $74,089
Mark Lemons (Engineer)
  • Compensation: $121,710
  • Related: $0
  • Other: $54,178
James Johnson (Area Serviceman)
  • Compensation: $111,573
  • Related: $0
  • Other: $44,390


Official website here: www.greenbeltelectric.coop

Where can I find the form 990 for Greenbelt Electric Cooperative Inc?

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


Official website here: www.greenbeltelectric.coop

Learn more at the official website: www.greenbeltelectric.coop

Mission Statement of Greenbelt Electric Cooperative Inc

Greenbelt Electric Cooperative Inc, a cooperative dedicated to providing electric power, is committed to delivering excellent and innovative customer service. This is reflected in the top-quality electric service reliability, affordable rates, employee teamwork, and unwavering integrity that underpins all of its cooperative endeavors. Greenbelt Electric Cooperative Inc's primary goal is to provide electric power to its members on a cooperative basis. By allocating patronage capital, the cooperative ensures that those it serves have access to reliable and affordable electricity. At the end of the year, the cooperative had provided 5,597 electric services to its members.

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Impact




October, 2024

Greenbelt Electric Cooperative Inc significantly impacts rural communities by delivering electric power at cost through a cooperative model. With 5,597 services provided by year-end, the cooperative ensures reliable access to electricity for its members in Wellington, TX.

The organization's mission emphasizes excellent customer service, prioritizing service reliability and affordable rates. This commitment fosters a sense of community and teamwork among employees, ensuring that members receive the highest level of service with integrity in all cooperative endeavors. By allocating patronage capital, Greenbelt Electric Cooperative not only invests in infrastructure but also promotes a sustainable energy environment for its members. In essence, the cooperative strengthens the economic and social fabric of rural areas by empowering residents with dependable electric service.




This information is meant to be a general summary of Greenbelt 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
$27,737,736 (2022)
Expenses
$27,749,657 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $70,456
  • Program Service Revenue: $27,613,950
  • Gross Receipts: $27,741,740

Assets and Liabilities:

  • Total Assets: $63,303,175
  • Total Liabilities: $35,221,818
  • Net Assets: $28,081,357

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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

$26,590,357

PATRONAGE DIVIDENDS

Revenue

$945,400

SERVICE FEES

Revenue

$78,193

Organization Details

Founding Year

1938

Principal Officer

Randy White

Main Address

PO BOX 948, WELLINGTON, TX, 79095

NTEE Category

Code: W80 - Public benefit

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