Overview
What is East Texas Electric Coop?
East Texas Electric Coop is a nonprofit organization based in Nacogdoches, Texas. They primarily function as a wholesale power provider, supplying electricity to one electric generating and transmission cooperative member and seven distribution cooperative members. This cooperative business model enables the efficient sale of power to its eight members on a cooperative basis. Their mission remains focused on providing wholesale power to their cooperatives in Texas. The organization is staffed by a team of 15 employees.
Official website here: www.etec.coop
Is East Texas Electric Coop legitimate?
East Texas Electric Coop is a legitimate nonprofit organization registered as a 501(c)(12) entity. East Texas Electric Coop 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: $1,536,369
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,841,591
For more financial information, click here
Official website here: www.etec.coop
What is the mission statement of East Texas Electric Coop?
East Texas Electric Coop operates on a cooperative basis, selling wholesale power to its eight members. The organization's primary mission is to provide electricity to its one electric generating and transmission cooperative member and seven distribution cooperative members. By doing so, it ensures a stable power supply for its cooperative network. The cooperative's commitment to its members extends beyond just energy, as it aims to foster a collaborative relationship built on trust and shared goals. Through this cooperative model, East Texas Electric Coop contributes to the reliable and sustainable power infrastructure of its community. Its mission is driven by a dedication to meeting the unique energy needs of its cooperative members, thereby enhancing the quality of life for the communities it serves.
Official website here: www.etec.coop
Who is the CEO of East Texas Electric Coop?
Aj Goff is the CEO of East Texas Electric Coop The CEO's salary of East Texas Electric Coop is $741,945 and their total compensation is $902,099.
Official website here: www.etec.coop
What is the revenue of East Texas Electric Coop?
East Texas Electric Coop's revenue in 2023 was $406,106,180.
Official website here: www.etec.coop
Who are the executives of East Texas Electric Coop and what are their salaries?
The average compensation at East Texas Electric Coop during 2023 was $187,664. There are 18 employees at East Texas Electric Coop.
Here are 31 key members and their salaries (East Texas Electric Coop's CEO's salary is $741,945 and their total compensation is $902,099):
- Compensation: $741,945
- Related: $0
- Other: $160,154
- Compensation: $311,976
- Related: $0
- Other: $169,690
- Compensation: $177,570
- Related: $0
- Other: $109,607
- Compensation: $191,597
- Related: $0
- Other: $90,779
- Compensation: $160,580
- Related: $0
- Other: $97,292
- Compensation: $184,841
- Related: $0
- Other: $98,241
- Compensation: $319,439
- Related: $0
- Other: $140,786
- Compensation: $19,500
- Related: $0
- Other: $0
- Compensation: $21,000
- Related: $0
- Other: $0
- Compensation: $21,000
- Related: $0
- Other: $0
- Compensation: $21,000
- Related: $0
- Other: $0
- Compensation: $19,500
- Related: $0
- Other: $0
- Compensation: $19,500
- Related: $0
- Other: $0
- Compensation: $19,500
- Related: $0
- Other: $0
- Compensation: $19,500
- Related: $0
- Other: $0
- Compensation: $19,500
- Related: $0
- Other: $0
- Compensation: $19,500
- Related: $0
- Other: $0
- Compensation: $19,000
- Related: $0
- Other: $0
- Compensation: $19,500
- Related: $0
- Other: $0
- Compensation: $19,500
- Related: $0
- Other: $0
- Compensation: $19,500
- Related: $0
- Other: $0
- Compensation: $19,500
- Related: $0
- Other: $0
- Compensation: $19,000
- Related: $0
- Other: $0
- Compensation: $19,500
- Related: $0
- Other: $0
- Compensation: $19,000
- Related: $0
- Other: $0
- Compensation: $19,500
- Related: $0
- Other: $0
- Compensation: $12,000
- Related: $0
- Other: $0
- Compensation: $12,000
- Related: $0
- Other: $0
- Compensation: $4,000
- Related: $0
- Other: $0
- Compensation: $12,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.etec.coop
Where can I find the form 990 for East Texas Electric Coop?
East Texas Electric Coop's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.etec.coop
Learn more at the official website: www.etec.coop
Mission Statement of East Texas Electric Coop
East Texas Electric Coop, a cooperative entity, is dedicated to the sale of wholesale power to its eight members. These members consist of one electric generating and transmission cooperative and seven distribution cooperatives. In operation, East Texas Electric Coop functions as a provider of power to its cooperative network. By engaging in cooperative business practices, the organization ensures the efficient distribution and generation of electricity for its members. The cooperative nature of East Texas Electric Coop allows for a collective approach to sourcing and managing power, enabling its members to reap the benefits of a unified energy network. This collaborative model fosters a strong sense of partnership among the members, ultimately contributing to the stable and reliable delivery of electricity.
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Impact
October, 2024
East Texas Electric Coop plays a vital role in providing wholesale power to its eight member cooperatives, which includes one electric generating and transmission cooperative and seven distribution cooperatives. Based in Nacogdoches, Texas, the cooperative ensures that its members have access to reliable and affordable electricity, crucial for both residential and commercial consumers in the region. By operating on a cooperative basis, East Texas Electric Coop fosters collaboration and mutual support among its members, enhancing the overall stability and efficiency of the electric grid in East Texas. This collective approach not only contributes to the economic well-being of the area but also reinforces the importance of energy access as a fundamental public benefit.
This information is meant to be a general summary of East Texas Electric Coop. 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 2023.
- Investment Income: $2,479,081
- Program Service Revenue: $386,241,759
- Gross Receipts: $406,106,180
Assets and Liabilities:
- Total Assets: $1,077,656,250
- Total Liabilities: $857,652,350
- Net Assets: $220,003,900
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC ENERGY
Revenue
$383,019,804
PATRONAGE CAPITAL
Revenue
$3,221,955
Organization Details
Founding Year
1987
Principal Officer
Carrie Hawkins
Website
www.etec.coopNTEE Category
Code: W80 - Public benefit
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