Overview
What is Wise Electric Cooperative Inc?
Wise Electric Cooperative Inc, based in Decatur, Texas, is a nonprofit organization dedicated to providing electric energy to its members on a cooperative basis. With 25,454 active services, they allocate patronage capital to ensure affordable electricity. Their mission is to deliver safe, reliable, and competitively priced electric and related services to their members. Wise Electric prioritizes the cooperative model, working to meet the electric needs of their community in a cost-effective manner.
Official website here: www.wiseec.com
What are the reviews and ratings of this charity?
Wise Electric Cooperative Inc is not currently rated by Charity Navigator due to the absence of necessary data such as electronically-filed Form 990s or relevant beacon scores. This lack of a rating does not imply either a positive or negative standing but highlights an insufficiency in available financial and accountability information required for such evaluations.
The organization is not eligible for Charity Navigator evaluation as it is not registered under 501(c)(3) status, which means it is not a conventional nonprofit and cannot receive tax-deductible donations. Charity Navigator typically requires organizations to have documented financial history and specific compliance to rate them effectively on various parameters including accountability, finance, and impact measurement.
No user reviews are available from GreatNonprofits, so public perception and anecdotal experiences related to Wise Electric Cooperative Inc remain undocumented in this context. Without user content, insights into the organization’s community relations or service impact remain limited.
This AI summary has been generated from information found on Charity Navigator.
Is Wise Electric Cooperative Inc legitimate?
Wise Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Wise 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: $1,416,626
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,737,652
For more financial information, click here
Official website here: www.wiseec.com
What is the mission statement of Wise Electric Cooperative Inc?
Wise Electric Cooperative Inc is committed to delivering safe, reliable, and competitively priced electric and related services to its members on a cooperative basis. Their mission goes beyond just providing electricity; they allocate patronage capital to ensure the cooperative nature of their business. With over 25,000 active services at year end, Wise Electric strives to prioritize the needs of its members, ensuring they have access to essential electric energy.
Official website here: www.wiseec.com
Who is the CEO of Wise Electric Cooperative Inc?
Rayce Cantwell is the Director of Wise Electric Cooperative Inc.
Official website here: www.wiseec.com
What is the revenue of Wise Electric Cooperative Inc?
Wise Electric Cooperative Inc's revenue in 2022 was $90,702,449.
Official website here: www.wiseec.com
Who are the executives of Wise Electric Cooperative Inc and what are their salaries?
The average compensation at Wise Electric Cooperative Inc during 2022 was $56,908. There are 73 employees at Wise Electric Cooperative Inc.
Here are 17 key members and their salaries:
- Compensation: $3,335
- Related: $0
- Other: $0
- Compensation: $31,380
- Related: $0
- Other: $0
- Compensation: $36,341
- Related: $0
- Other: $0
- Compensation: $47,130
- Related: $0
- Other: $0
- Compensation: $33,905
- Related: $0
- Other: $0
- Compensation: $41,138
- Related: $0
- Other: $0
- Compensation: $43,411
- Related: $0
- Other: $0
- Compensation: $41,598
- Related: $0
- Other: $0
- Compensation: $243,012
- Related: $0
- Other: $130,889
- Compensation: $206,802
- Related: $0
- Other: $108,706
- Compensation: $158,565
- Related: $0
- Other: $52,280
- Compensation: $162,886
- Related: $0
- Other: $75,248
- Compensation: $163,322
- Related: $0
- Other: $63,608
- Compensation: $157,035
- Related: $0
- Other: $116,104
- Compensation: $128,349
- Related: $0
- Other: $72,771
- Compensation: $110,579
- Related: $0
- Other: $59,939
- Compensation: $110,526
- Related: $0
- Other: $60,626
Official website here: www.wiseec.com
Where can I find the form 990 for Wise Electric Cooperative Inc?
Wise Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wiseec.com
Learn more at the official website: www.wiseec.com
Mission Statement of Wise Electric Cooperative Inc
Wise Electric Cooperative Inc, headquartered in the heart of electric power distribution, is dedicated to delivering safe, dependable, and competitively priced electric services to its esteemed members. The cooperative's mission transcends the mere provision of electricity; it is geared towards offering electric energy on a cooperative basis, where members are not just customers, but active participants in the enterprise.
Through the cooperative model, Wise Electric Cooperative Inc allocates patronage capital to its members. This approach not only enables the cooperative to maintain lower operational costs but also empowers its members with a sense of ownership and shared responsibility. The cooperative's commitment to its members extends to the end of the fiscal year, with 25,454 active services reported at year-end.
Wise Electric Cooperative Inc's unwavering dedication to its members is rooted in delivering electricity that is not only safe and reliable but also competitively priced. By prioritizing the interests of its members, the cooperative fosters a strong sense of community and trust. As a testament to its commitment, the cooperative has earned a reputation for its unwavering focus on delivering high-quality electric services that are accessible and affordable for all.
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Impact
October, 2024
Wise Electric Cooperative Inc significantly impacts the community by providing safe, reliable, and competitively priced electric service to its members in Decatur, Texas. With 25,454 active services, the cooperative operates on a model that prioritizes the needs of its members, distributing electric energy at cost and allocating patronage capital. This approach fosters a sense of community and collective ownership among its members, ensuring that the benefits of service are shared equitably. By focusing on the members' interests, Wise Electric contributes to the economic stability of the region while also promoting public benefit through accessible energy solutions.
This information is meant to be a general summary of Wise 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: $44,170
- Program Service Revenue: $90,473,391
- Gross Receipts: $90,909,539
Assets and Liabilities:
- Total Assets: $177,121,572
- Total Liabilities: $95,356,065
- Net Assets: $81,765,507
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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
$88,863,888
PATRONAGE DIVIDENDS
Revenue
$873,558
SERVICE FEES
Revenue
$735,945
Organization Details
Founding Year
1938
Phone
(940) 626-3029Principal Officer
Rayce Cantwell
Main Address
PO BOX 269, DECATUR, TX, 76234
Website
www.wiseec.comNTEE Category
Code: W80 - Public benefit
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