Overview
What is J-A-C Electric Cooperative Inc?
J-A-C Electric Cooperative Inc is a nonprofit organization located in Henrietta, Texas. With a workforce of 20 employees, they are dedicated to providing electricity to rural and surrounding communities on a cooperative basis. They ended the year with 5,988 active electric services and a total of 7,347 services in place. The co-op allocates patronage capital to its members and operates on the principle of providing electricity at the most reasonable price possible.
Official website here: www.jacelectric.com
What are the reviews and ratings of this charity?
J-A-C Electric Cooperative Inc currently does not have a rating from Charity Navigator. This absence of a rating is due to the organization's classification status, which does not align with the 501(c)(3) categorization required for a Charity Navigator rating. Consequently, key performance indicators such as Accountability, Finance, and Impact cannot be assessed.
Despite the lack of a current rating, it’s essential to note this does not imply anything specific about J-A-C Electric Cooperative Inc's effectiveness. The organization operates independently but is not currently subject to Charity Navigator's review criteria, including metrics like Leadership & Adaptability or Culture & Community.
Information from GreatNonprofits is unavailable, as there are no user reviews provided for J-A-C Electric Cooperative Inc at this time. This limits the community-based feedback component, which often provides added insights into nonprofit performance and stakeholder satisfaction.
This AI summary has been generated from information found on Charity Navigator.
Is J-A-C Electric Cooperative Inc legitimate?
J-A-C Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. J-A-C 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: $426,723
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.jacelectric.com
What is the mission statement of J-A-C Electric Cooperative Inc?
J-A-C Electric Cooperative Inc is committed to providing electricity to rural and surrounding communities on a cooperative basis. This cooperative aims to offer electric services at the most reasonable price possible. In 2021, they successfully served 5,988 active services and had a total of 7,347 services in place, with 1,359 of these in an idle state. Through this cooperative model, they allocated patronage capital to their members.
Official website here: www.jacelectric.com
Who is the CEO of J-A-C Electric Cooperative Inc?
Troy S Wiley is the General Mana of J-A-C Electric Cooperative Inc.
Official website here: www.jacelectric.com
What is the revenue of J-A-C Electric Cooperative Inc?
J-A-C Electric Cooperative Inc's revenue in 2022 was $15,418,267.
Official website here: www.jacelectric.com
Who are the executives of J-A-C Electric Cooperative Inc and what are their salaries?
The average compensation at J-A-C Electric Cooperative Inc during 2022 was $21,336. There are 20 employees at J-A-C Electric Cooperative Inc.
Here are 8 key members and their salaries:
- Compensation: $146,515
- Related: $0
- Other: $113,316
- Compensation: $31,518
- Related: $0
- Other: $0
- Compensation: $29,568
- Related: $0
- Other: $0
- Compensation: $27,318
- Related: $0
- Other: $0
- Compensation: $20,450
- Related: $0
- Other: $0
- Compensation: $20,104
- Related: $0
- Other: $0
- Compensation: $19,229
- Related: $0
- Other: $0
- Compensation: $18,706
- Related: $0
- Other: $0
Official website here: www.jacelectric.com
Where can I find the form 990 for J-A-C Electric Cooperative Inc?
J-A-C Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.jacelectric.com
Learn more at the official website: www.jacelectric.com
Mission Statement of J-A-C Electric Cooperative Inc
J-A-C Electric Cooperative Inc, a cooperative organization, is dedicated to providing electricity to rural and surrounding communities in a cooperative manner and at the most reasonable price possible. This mission statement embodies the cooperative's commitment to serving its members by ensuring they have access to essential electric services.
The cooperative's primary activity revolves around delivering electricity to its members, who numbered 5,988 with active services at the end of the year. In addition to these active members, there were a total of 7,347 services in place, with 1,359 of these being idle. All these members were provided electricity on a cooperative basis and were allocated patronage capital as part of the cooperative's operations.
By offering electricity on a cooperative basis, J-A-C Electric Cooperative Inc aims to create a sense of community among its members and foster a strong bond. This cooperative approach not only helps keep prices reasonable but also ensures that members have a voice in the decision-making process. Overall, the cooperative's mission is to provide reliable and affordable electric services to its members, empowering them to improve their quality of life.
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Impact
October, 2024
J-A-C Electric Cooperative Inc significantly impacts rural and surrounding communities by providing reliable electricity at reasonable rates. With a service base of 5,988 active accounts and a total of 7,347 services installed, the cooperative ensures that essential electric power is accessible in regions that might otherwise struggle to attract commercial utility companies.
By operating on a cooperative basis, J-A-C Electric emphasizes community involvement and member ownership, fostering a connection between the cooperative and its members. This structure allows for the allocation of patronage capital, enabling members to share in the cooperative's financial success, which may lead to reinvestment in local infrastructure and services.
In addition to ensuring access to electricity, J-A-C Electric Cooperative's mission contributes to the economic stability and growth of the area, providing essential services that enhance the quality of life for its members. This dedication to community-oriented service reinforces the importance of accessible and affordable electricity in fostering long-term development and sustainability in rural areas.
This information is meant to be a general summary of J-A-C 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: $176,982
- Program Service Revenue: $15,085,508
- Gross Receipts: $15,418,267
Assets and Liabilities:
- Total Assets: $43,026,830
- Total Liabilities: $17,272,261
- Net Assets: $25,754,569
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF ELECTRIC ENERGY
Revenue
$14,876,359
WIND FARM REVENUE
Revenue
$97,101
PATRONAGE DIVIDENDS
Revenue
$56,188
ACCOUNT SERVICE CHARGES/FEES
Revenue
$55,860
Organization Details
Founding Year
1938
Phone
(940) 895-3311Principal Officer
Troy S Wiley
Main Address
1784 FM 172, HENRIETTA, TX, 76365
Website
www.jacelectric.comNTEE Category
Code: W80 - Public benefit
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