Overview
What is Taylor Electric Cooperative Inc?
Taylor Electric Cooperative Inc is a nonprofit organization dedicated to providing electric power to rural areas on a cooperative basis. With a mission to extend electrical services, they offer power to communities that might not have access to this essential utility. The cooperative nature of the organization ensures that the cost of electricity is shared among its members, maintaining affordability for all.
Official website here: www.taylorelectric.com
What are the reviews and ratings of this charity?
Taylor Electric Cooperative Inc is not currently rated by Charity Navigator. This is primarily because the organization does not hold a 501(c)(3) status, which is a requirement for such ratings. The absence of a rating does not inherently suggest positive or negative attributes but highlights the limitations of Charity Navigator's methodology for certain types of organizations.
Historically, ratings for such entities were mainly based on versions of today's Accountability and Finance score. However, due to its non-501(c)(3) status, Taylor Electric Cooperative Inc is not eligible for evaluations across various current Charity Navigator beacons, such as Leadership & Adaptability, Culture & Community, or Impact & Measurement.
As the organization is independent and not affiliated with larger groupings, data such as total revenue and expenses, as well as the salary of key personnel, are also unavailable, which further restricts comprehensive evaluation. Consequently, prospective supporters or clients may need to rely on other forms of due diligence or direct inquiries to understand the Cooperative's impact and operations better.
No user reviews found on GreatNonprofits.
This AI summary has been generated from information found on Charity Navigator.
Is Taylor Electric Cooperative Inc legitimate?
Taylor Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Taylor 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: $1,557,334
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,466,020
For more financial information, click here
Official website here: www.taylorelectric.com
What is the mission statement of Taylor Electric Cooperative Inc?
Taylor Electric Cooperative Inc is dedicated to delivering electric power to rural communities on a cooperative basis. Their primary mission is to ensure affordable electricity to members in these areas. By working together as a cooperative, they aim to provide electrical services that cater to the unique needs of rural communities. They are committed to maintaining a reliable power grid and ensuring that electricity is accessible to all members, irrespective of their location within the served area. The cooperative's efforts are geared towards fostering strong community relationships and improving the quality of life for its members. Additionally, Taylor Electric Cooperative Inc is known for its customer-focused approach, putting the needs and concerns of its members at the forefront of its operations.
Official website here: www.taylorelectric.com
Who is the CEO of Taylor Electric Cooperative Inc?
Ryan Bartlett is the President/Chief Executive Officer of Taylor Electric Cooperative Inc. The CEO's salary of Taylor Electric Cooperative Inc is $320,532 and their total compensation is $444,601.
Official website here: www.taylorelectric.com
What is the revenue of Taylor Electric Cooperative Inc?
Taylor Electric Cooperative Inc's revenue in 2022 was $72,269,537.
Official website here: www.taylorelectric.com
Who are the executives of Taylor Electric Cooperative Inc and what are their salaries?
The average compensation at Taylor Electric Cooperative Inc during 2022 was $58,479. There are 103 employees at Taylor Electric Cooperative Inc.
Here are 16 key members and their salaries (Taylor Electric Cooperative Inc's CEO's salary is $320,532 and their total compensation is $444,601):
- Compensation: $23,000
- Related: $0
- Other: $0
- Compensation: $21,500
- Related: $0
- Other: $0
- Compensation: $21,500
- Related: $0
- Other: $0
- Compensation: $21,500
- Related: $0
- Other: $0
- Compensation: $21,500
- Related: $0
- Other: $0
- Compensation: $21,500
- Related: $0
- Other: $0
- Compensation: $31,500
- Related: $0
- Other: $0
- Compensation: $320,532
- Related: $0
- Other: $124,069
- Compensation: $211,806
- Related: $0
- Other: $99,860
- Compensation: $157,050
- Related: $0
- Other: $200,343
- Compensation: $152,975
- Related: $0
- Other: $128,699
- Compensation: $119,561
- Related: $0
- Other: $93,042
- Compensation: $119,219
- Related: $0
- Other: $58,277
- Compensation: $114,995
- Related: $0
- Other: $86,321
- Compensation: $114,522
- Related: $0
- Other: $103,810
- Compensation: $114,336
- Related: $0
- Other: $67,145
Official website here: www.taylorelectric.com
Where can I find the form 990 for Taylor Electric Cooperative Inc?
Taylor Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.taylorelectric.com
Learn more at the official website: www.taylorelectric.com
Mission Statement of Taylor Electric Cooperative Inc
Taylor Electric Cooperative Inc is a mission-driven organization that strives to provide electric power to rural communities on a cooperative basis. In simpler terms, they aim to bring electricity to remote areas at an affordable cost. The cooperative nature of the business model allows the community members to collectively own and control the electric utility, ensuring that their needs are prioritized. This not-for-profit entity is dedicated to making a difference in people's lives by bringing them the essential power they require to live comfortably and productively. By providing electricity, Taylor Electric Cooperative Inc unlocks a world of opportunities, enabling homes to have light, businesses to flourish, and communities to grow. The organization's commitment to its members and their wellbeing is unwavering, making it an indispensable partner in the development of rural communities.
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Impact
October, 2024
Taylor Electric Cooperative Inc plays a vital role in delivering electric power to rural areas at cost, enhancing the quality of life and economic development in those communities. By operating on a cooperative basis, the organization ensures that its members have a say in the governance and direction of the services provided. This approach not only increases accessibility to reliable electricity but also fosters a sense of community involvement and ownership among its members.
Located in Merkel, Texas, Taylor Electric Cooperative Inc significantly contributes to the public benefit by prioritizing the needs of its rural constituents. The focus on cost-effectiveness means that residents and local businesses can utilize electricity without the burden of exorbitant prices, which in turn stimulates local economies. By providing essential utility services to underserved areas, the cooperative helps bridge the energy gap, ensuring that rural communities and their inhabitants can thrive.
This information is meant to be a general summary of Taylor 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: $189,730
- Program Service Revenue: $71,300,202
- Gross Receipts: $72,441,693
Assets and Liabilities:
- Total Assets: $207,962,708
- Total Liabilities: $131,049,911
- Net Assets: $76,912,797
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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
$66,318,660
FIBER INTERNET SERVICE REVENUE
Revenue
$2,412,438
PATRONAGE DIVIDENDS
Revenue
$2,135,690
SERVICE FEES
Revenue
$421,003
TRANSMISSION ACCESS
Revenue
$6,738
Organization Details
Founding Year
1939
Phone
(325) 793-8500Principal Officer
Ryan Bartlett
Main Address
PO BOX 250, MERKEL, TX, 79536
Website
www.taylorelectric.comNTEE Category
Code: W80 - Public benefit
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