Overview
What is Navarro County Electric Cooperative Inc?
Navarro County Electric Cooperative Inc is a nonprofit organization based in Corsicana, Texas. They provide quality and reliable electric service to members in the rural communities they serve, operating on a cooperative basis with the sale of electric power at cost. With 42 employees, they served 19,069 active services as of the year end. Their mission is to allocate patronage capital and deliver electricity to their members, ensuring they remain an essential part of the local communities.
Official website here: www.navarroec.com
Is Navarro County Electric Cooperative Inc legitimate?
Navarro County Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Navarro 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: $1,246,126
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,828,130
For more financial information, click here
Official website here: www.navarroec.com
What is the mission statement of Navarro County Electric Cooperative Inc?
Navarro County Electric Cooperative Inc is committed to delivering quality and reliable electric service to its members in a cooperative manner. The cooperative's primary mission is to provide electricity to the rural communities it serves. Through a cooperative business model, it offers electric power to its members at cost. The cooperative also allocates patronage capital as part of its sales process. At the end of the year, there were 19,069 active services being provided.
Official website here: www.navarroec.com
Who is the CEO of Navarro County Electric Cooperative Inc?
Billy Jones is the Director of Navarro County Electric Cooperative Inc. The CEO's salary of Navarro County Electric Cooperative Inc is $216,895 and their total compensation is $310,373.
Official website here: www.navarroec.com
What is the revenue of Navarro County Electric Cooperative Inc?
Navarro County Electric Cooperative Inc's revenue in 2022 was $69,885,428.
Official website here: www.navarroec.com
Who are the executives of Navarro County Electric Cooperative Inc and what are their salaries?
The average compensation at Navarro County Electric Cooperative Inc during 2022 was $73,197. There are 42 employees at Navarro County Electric Cooperative Inc.
Here are 16 key members and their salaries (Navarro County Electric Cooperative Inc's CEO's salary is $216,895 and their total compensation is $310,373):
- Compensation: $39,529
- Related: $0
- Other: $0
- Compensation: $39,535
- Related: $0
- Other: $0
- Compensation: $36,722
- Related: $0
- Other: $0
- Compensation: $35,849
- Related: $0
- Other: $0
- Compensation: $39,529
- Related: $0
- Other: $0
- Compensation: $39,529
- Related: $0
- Other: $0
- Compensation: $39,537
- Related: $0
- Other: $0
- Compensation: $216,895
- Related: $0
- Other: $93,478
- Compensation: $168,785
- Related: $0
- Other: $60,918
- Compensation: $158,328
- Related: $0
- Other: $71,214
- Compensation: $137,346
- Related: $0
- Other: $68,932
- Compensation: $114,521
- Related: $0
- Other: $37,485
- Compensation: $117,316
- Related: $0
- Other: $48,329
- Compensation: $124,045
- Related: $0
- Other: $45,510
- Compensation: $136,361
- Related: $0
- Other: $96,670
- Compensation: $117,420
- Related: $0
- Other: $33,163
Official website here: www.navarroec.com
Where can I find the form 990 for Navarro County Electric Cooperative Inc?
Navarro County Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.navarroec.com
Learn more at the official website: www.navarroec.com
Mission Statement of Navarro County Electric Cooperative Inc
Navarro County Electric Cooperative Inc, a cooperative entity, is dedicated to providing top-notch and dependable electric service to its members in a cost-effective manner. Its primary mission is to deliver electricity to the rural communities it serves. The cooperative achieves this by selling electric power to its members at cost through the allocation of patronage capital. At the end of the year, the cooperative counted 19,069 active services.
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Impact
October, 2024
Navarro County Electric Cooperative Inc plays a crucial role in providing quality and reliable electric service to its members, ensuring access to electricity in rural communities. The cooperative operates on a model that focuses on distributing electric power at cost, which helps keep rates affordable for its 19,069 active services. By allocating patronage capital, the cooperative reinvests in its infrastructure and services, enhancing the reliability of electricity delivery. This commitment to serving its members not only fosters community development but also supports the local economy by enabling other sectors to thrive thanks to dependable energy access. As a vital resource in Corsicana, TX, and surrounding areas, Navarro County Electric Cooperative Inc significantly contributes to the quality of life and economic sustainability in its service region.
This information is meant to be a general summary of Navarro 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: $327,897
- Program Service Revenue: $69,490,807
- Gross Receipts: $69,885,428
Assets and Liabilities:
- Total Assets: $111,808,693
- Total Liabilities: $39,240,120
- Net Assets: $72,568,573
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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
$68,869,336
SERVICE FEES
Revenue
$530,168
PATRONAGE DIVIDENDS
Revenue
$91,303
Organization Details
Founding Year
1937
Phone
(903) 874-7411Principal Officer
Billy Jones
Main Address
PO BOX 616, CORSICANA, TX, 75151
Website
www.navarroec.comIf you are a representative of Navarro County Electric Cooperative Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.