Overview
What is Lyntegar Electric Cooperative Inc?
Lyntegar Electric Cooperative Inc is a member-owned and operated nonprofit organization headquartered with a mission to deliver top-quality and dependable electric services to its community. The cooperative achieves this goal by offering electric energy in a cooperative manner, utilizing patronage capital allocation as a means to maintain operations. As of the last year's closing, Lyntegar Electric Cooperative had successfully connected 23,577 active accounts to its electric network.
Official website here: www.lyntegar.coop
What are the reviews and ratings of this charity?
Lyntegar Electric Cooperative Inc does not currently have a rating on Charity Navigator because it is not a 501(c)(3) IRS registered nonprofit, which is a requirement for a complete evaluation by the organization. It's important to note that the lack of a rating does not convey a positive or negative judgment about the nonprofit's performance or impact.
Charity Navigator's methodology focuses on several key performance indicators, such as Accountability & Finance, Leadership & Adaptability, Culture & Community, and Impact & Measurement. Since Lyntegar Electric Cooperative Inc is not registered as a 501(c)(3), it has not been evaluated on these aspects, and revenue, expense, and salary data are unavailable. This absence suggests limited public assessment information is accessible for this cooperative.
There are no user reviews available for Lyntegar Electric Cooperative Inc on GreatNonprofits. Without firsthand feedback, potential patrons and stakeholders must rely on personal investigation and contact with the cooperative to understand its operations and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Lyntegar Electric Cooperative Inc legitimate?
Lyntegar Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Lyntegar 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: $1,269,458
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,686,488
For more financial information, click here
Official website here: www.lyntegar.coop
What is the mission statement of Lyntegar Electric Cooperative Inc?
Lyntegar Electric Cooperative is committed to delivering quality and dependable electric service to its member-owners. The cooperative operates with the members it serves at its core, fulfilling its mission through the cooperative model of patronage capital allocation. By the end of the year, the cooperative had provided electric energy to over 23,000 active accounts. The cooperative's primary focus is ensuring a consistent electric supply, allowing its members to power their homes and businesses effectively. Additionally, the cooperative's cooperative structure enables it to respond to its members' needs and concerns in a more personalized and efficient manner.
Official website here: www.lyntegar.coop
Who is the CEO of Lyntegar Electric Cooperative Inc?
Greg Henley is the Principal Officer of Lyntegar Electric Cooperative Inc. The CEO's salary of Lyntegar Electric Cooperative Inc is $262,504 and their total compensation is $320,558.
Official website here: www.lyntegar.coop
What is the revenue of Lyntegar Electric Cooperative Inc?
Lyntegar Electric Cooperative Inc's revenue in 2022 was $99,599,290.
Official website here: www.lyntegar.coop
Who are the executives of Lyntegar Electric Cooperative Inc and what are their salaries?
The average compensation at Lyntegar Electric Cooperative Inc during 2022 was $79,648. There are 125 employees at Lyntegar Electric Cooperative Inc.
Here are 18 key members and their salaries (Lyntegar Electric Cooperative Inc's CEO's salary is $262,504 and their total compensation is $320,558):
- Compensation: $29,943
- Related: $0
- Other: $0
- Compensation: $24,241
- Related: $0
- Other: $0
- Compensation: $23,147
- Related: $0
- Other: $0
- Compensation: $23,288
- Related: $0
- Other: $0
- Compensation: $21,791
- Related: $0
- Other: $0
- Compensation: $28,823
- Related: $0
- Other: $0
- Compensation: $8,566
- Related: $0
- Other: $0
- Compensation: $262,504
- Related: $0
- Other: $58,054
- Compensation: $177,505
- Related: $0
- Other: $46,313
- Compensation: $158,387
- Related: $0
- Other: $52,203
- Compensation: $161,432
- Related: $0
- Other: $34,024
- Compensation: $156,735
- Related: $0
- Other: $2,502
- Compensation: $133,472
- Related: $0
- Other: $17,730
- Compensation: $123,152
- Related: $0
- Other: $25,815
- Compensation: $113,646
- Related: $0
- Other: $24,094
- Compensation: $116,905
- Related: $0
- Other: $23,811
- Compensation: $117,661
- Related: $0
- Other: $13,792
- Compensation: $163,799
- Related: $0
- Other: $0
Official website here: www.lyntegar.coop
Where can I find the form 990 for Lyntegar Electric Cooperative Inc?
Lyntegar Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lyntegar.coop
Learn more at the official website: www.lyntegar.coop
Mission Statement of Lyntegar Electric Cooperative Inc
Lyntegar Electric Cooperative, a member-owned organization, is committed to delivering top-notch and dependable electric services to its community. Its mission is rooted in the cooperative spirit, ensuring that those it serves have a meaningful stake in its operations. The cooperative achieves this goal by offering electric energy through the allocation of patronage capital. As of the last year, Lyntegar Electric Cooperative successfully catered to 23,577 active accounts.
At the core of Lyntegar Electric Cooperative's mission is the dedication to providing quality and reliable electric service. The organization's member-centric approach sets it apart, with the understanding that those it serves are integral to its continued success. By implementing a cooperative business model, the cooperative is able to allocate patronage capital, thereby empowering its members and reinvesting in the community. The result is an electric service that prioritizes the needs and expectations of its members, ensuring a strong and sustainable energy infrastructure.
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Impact
October, 2024
Lyntegar Electric Cooperative Inc has a significant impact on the communities it serves by providing quality and reliable electric service to its members. Located in Tahoka, Texas, the cooperative addresses the specific needs of its current 23,577 active accounts, ensuring that residents and businesses have consistent and dependable electricity.
By being owned and operated by its members, Lyntegar fosters a connection with the community that goes beyond merely supplying energy. The cooperative model promotes engagement, allowing members to have a say in how services are delivered and developed. Additionally, through the allocation of patronage capital, Lyntegar can invest back into the community, supporting local growth and infrastructure while maintaining fair rates for its members.
Overall, Lyntegar Electric Cooperative plays a crucial role in enhancing the quality of life in its service area, contributing to economic stability and community cohesion through its commitment to reliable energy service.
This information is meant to be a general summary of Lyntegar 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: $1,205,489
- Program Service Revenue: $98,377,561
- Gross Receipts: $99,643,696
Assets and Liabilities:
- Total Assets: $281,923,196
- Total Liabilities: $138,031,234
- Net Assets: $143,891,962
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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
$96,119,778
PATRONAGE DIVIDENDS
Revenue
$2,257,783
Organization Details
Founding Year
1938
Phone
(806) 561-4588Principal Officer
Greg Henley
Main Address
PO BOX 970, TAHOKA, TX, 79373
Website
www.lyntegar.coopNTEE Category
Code: W80 - Public benefit
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