Overview
What is Northeast Texas Electric Cooperative?
Northeast Texas Electric Cooperative (NTEC) is a nonprofit organization headquartered at 2221 H G Mosley Parkway 100, Longview, Texas, 75604. NTEC specializes in providing wholesale electric energy to six electric distribution cooperatives located within the state. These member cooperatives further distribute electricity to approximately 165,000 retail consumers. NTEC's primary focus is on generating, purchasing, and transmitting electric power. The cooperative's mission is to ensure the reliable delivery of electric energy to its members, enabling them to provide electricity to their respective communities. NTEC's team consists of a small workforce of four individuals.
Is Northeast Texas Electric Cooperative legitimate?
Northeast Texas Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Northeast Texas Electric Cooperative 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: $847,938
Professional Fundraising Fees: $0
Other Salaries and Wages: $78,557
For more financial information, click here
What is the mission statement of Northeast Texas Electric Cooperative?
Northeast Texas Electric Cooperative (NTEC) serves a vital role in the electric power sector by providing wholesale electric generating, purchasing, and transmission services to its member electric cooperatives. Through these efforts, NTEC enables the distribution of electricity to over 165,000 retail members. The cooperative's primary mission is to ensure a steady and reliable electric supply to its cooperative members, facilitating the provision of essential energy services to communities across the region. By working collaboratively with its member cooperatives, NTEC plays a crucial part in maintaining a robust and resilient electric infrastructure.
Who is the CEO of Northeast Texas Electric Cooperative?
Caleb Head is the Gm/Ceo of Northeast Texas Electric Cooperative. The CEO's salary of Northeast Texas Electric Cooperative is $303,781 and their total compensation is $450,063.
What is the revenue of Northeast Texas Electric Cooperative?
Northeast Texas Electric Cooperative's revenue in 2022 was $309,803,168.
Who are the executives of Northeast Texas Electric Cooperative and what are their salaries?
The average compensation at Northeast Texas Electric Cooperative during 2022 was $231,624. There are 4 employees at Northeast Texas Electric Cooperative.
Here are 15 key members and their salaries (Northeast Texas Electric Cooperative's CEO's salary is $303,781 and their total compensation is $450,063):
- Compensation: $303,781
- Related: $0
- Other: $146,282
- Compensation: $190,626
- Related: $0
- Other: $101,745
- Compensation: $18,900
- Related: $0
- Other: $0
- Compensation: $18,600
- Related: $0
- Other: $0
- Compensation: $16,100
- Related: $0
- Other: $0
- Compensation: $16,100
- Related: $0
- Other: $0
- Compensation: $16,100
- Related: $0
- Other: $0
- Compensation: $16,100
- Related: $0
- Other: $0
- Compensation: $16,100
- Related: $0
- Other: $0
- Compensation: $16,100
- Related: $0
- Other: $0
- Compensation: $16,100
- Related: $0
- Other: $0
- Compensation: $16,100
- Related: $0
- Other: $0
- Compensation: $13,500
- Related: $0
- Other: $0
- Compensation: $2,600
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Northeast Texas Electric Cooperative?
Northeast Texas Electric Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Northeast Texas Electric Cooperative
Northeast Texas Electric Cooperative (NTEC) is a key player in the electric power industry, dedicated to providing wholesale electric generating, purchasing, and transmission services to its six member electric cooperatives. These cooperatives then distribute electricity to over 165,000 retail members, expanding the reach of NTEC's mission.
In essence, NTEC acts as a vital power supplier for its cooperative members, ensuring a consistent and reliable flow of electric energy. By pooling resources and expertise, NTEC enables its cooperatives to provide affordable and efficient electricity to their communities, underscoring its importance as a behind-the-scenes catalyst for powering homes and businesses across the region.
Through its wholesale electric generating, purchasing, and transmission functions, NTEC plays a critical role in the electric power value chain. Its mission is to foster a robust and sustainable electric power infrastructure, ultimately contributing to the overall economic growth and well-being of the communities it serves.
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Impact
October, 2024
Northeast Texas Electric Cooperative (NTEC) plays a crucial role in the region's energy landscape by providing wholesale electric generation, purchasing, and transmission services to its member electric cooperatives. By serving six distribution cooperatives, NTEC ensures reliable electricity access for over 165,000 retail members across Northeast Texas. The cooperative's activities directly support community growth and sustainability, facilitating the efficient delivery of energy essential for residential, commercial, and industrial needs. NTEC's commitment to its mission strengthens the overall infrastructure and reliability of electricity supply in the region, contributing significantly to the public benefit and well-being of its members.
This information is meant to be a general summary of Northeast Texas Electric Cooperative. 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: $287,548
- Program Service Revenue: $309,515,620
- Gross Receipts: $309,803,168
Assets and Liabilities:
- Total Assets: $321,398,197
- Total Liabilities: $195,922,102
- Net Assets: $125,476,095
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Patronage Captial Credits
Revenue
$2,419,804
Wholesale Power Sales
Revenue
$307,095,816
Organization Details
Founding Year
1978
Phone
(903) 757-3282Principal Officer
Caleb Head
Main Address
2221 H G Mosley Parkway 100, Longview, TX, 75604
NTEE Category
Code: W80 - Public benefit
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