Holy Cross Electric Association Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 840229176 ✦ Glenwood springs, CO ✦ Designated as a 501(c)(12)

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Overview

What is Holy Cross Electric Association Inc?

Holy Cross Electric Association Inc, based in Glenwood Springs, Colorado, is a cooperative corporation employing over 165 individuals. They pride themselves on serving more than 60,000 active meters, catering to a diverse range of members from major ski resorts in Aspen and Vail to farms, ranches, and rural communities. These areas contribute significantly to the tourism and outdoor recreation industries. Holy Cross Electric Association Inc's mission is to provide safe, dependable, affordable, and sustainable energy and services that enhance the quality of life for their members and their communities. They take pride in their role as an essential provider, ensuring the well-being and comfort of those they serve.


Official website here: www.holycross.com

Is Holy Cross Electric Association Inc legitimate?

Holy Cross Electric Association Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Holy Cross Electric Association 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: $2,896,881
Professional Fundraising Fees: $0
Other Salaries and Wages: $19,765,229

For more financial information, click here


Official website here: www.holycross.com

What is the mission statement of Holy Cross Electric Association Inc?

Holy Cross Electric Association Inc is dedicated to delivering safe, reliable, affordable, and sustainable energy and services to enhance the quality of life for its members and their communities. The cooperative corporation, with over 165 employees, serves more than 60,000 active meters, catering to a diverse range of clients from major ski resorts and tourism industries to farms, ranches, and friendly rural communities. Holy Cross Energy is committed to providing essential energy solutions that improve the daily lives of its customers.


Official website here: www.holycross.com

Who is the CEO of Holy Cross Electric Association Inc?

Bryan Hannegan is the President & Ceo of Holy Cross Electric Association Inc. The CEO's salary of Holy Cross Electric Association Inc is $550,409 and their total compensation is $687,944.


Official website here: www.holycross.com

What is the revenue of Holy Cross Electric Association Inc?

Holy Cross Electric Association Inc's revenue in 2022 was $150,591,525.


Official website here: www.holycross.com

Who are the executives of Holy Cross Electric Association Inc and what are their salaries?

The average compensation at Holy Cross Electric Association Inc during 2022 was $120,543. There are 188 employees at Holy Cross Electric Association Inc.


Here are 19 key members and their salaries (Holy Cross Electric Association Inc's CEO's salary is $550,409 and their total compensation is $687,944):


Bryan Hannegan (President & Ceo)
  • Compensation: $550,409
  • Related: $0
  • Other: $137,535
David Bleakley (Vp, Engineering)
  • Compensation: $229,002
  • Related: $0
  • Other: $137,642
John Rowley (Vp, Human Resources & Risk Mgm)
  • Compensation: $241,333
  • Related: $0
  • Other: $120,943
David O'Neil (Vp, Operations)
  • Compensation: $226,938
  • Related: $0
  • Other: $128,501
Jenna Weatherred (Vp, Member & Community Relatio)
  • Compensation: $224,502
  • Related: $0
  • Other: $115,279
Barry Croissant (Manager, Facilities)
  • Compensation: $181,371
  • Related: $0
  • Other: $139,776
Andrew Schiller (Vp, Finance)
  • Compensation: $210,405
  • Related: $0
  • Other: $87,839
Sam Whelan (Vp, Finance & Power Supply)
  • Compensation: $193,400
  • Related: $0
  • Other: $96,153
Josh Snoddy (Manager, Ops Technology)
  • Compensation: $188,415
  • Related: $0
  • Other: $93,557
Michael Whiddon (Manager, Accounting)
  • Compensation: $175,108
  • Related: $0
  • Other: $100,383
Manuel Gomez (Director, Fiber & Broadband)
  • Compensation: $177,228
  • Related: $0
  • Other: $96,869
James Ray (Manager, Operations)
  • Compensation: $178,074
  • Related: $0
  • Other: $79,825
Dave Munk (Director)
  • Compensation: $41,500
  • Related: $0
  • Other: $0
Adam Quinton (Director)
  • Compensation: $28,250
  • Related: $0
  • Other: $0
Keith Klesner (Director)
  • Compensation: $27,750
  • Related: $0
  • Other: $0
Kristen Bertuglia (Director)
  • Compensation: $26,750
  • Related: $0
  • Other: $0
Robert Gardner (Director)
  • Compensation: $25,750
  • Related: $0
  • Other: $0
Alex Degolia (Director)
  • Compensation: $23,500
  • Related: $0
  • Other: $0
David Campbell (Director)
  • Compensation: $23,500
  • Related: $0
  • Other: $0


Official website here: www.holycross.com

Where can I find the form 990 for Holy Cross Electric Association Inc?

Holy Cross Electric Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.holycross.com

Learn more at the official website: www.holycross.com

Mission Statement of Holy Cross Electric Association Inc

Holy Cross Energy, a cooperative corporation with over 165 employees, is dedicated to providing safe, reliable, affordable, and sustainable energy and services that significantly enhance the quality of life for its members and their communities. This nonprofit organization takes pride in serving over 60,000 active meters across various sectors, from major ski resorts in the Aspen and Vail areas to farms, ranches, and friendly rural communities.

Holy Cross Energy is more than just an energy provider; it plays a crucial role in powering the lives of its members, enabling them to thrive in their unique settings. Its commitment to safety, reliability, affordability, and sustainability sets it apart, ensuring that the energy needs of its diverse member base are consistently met. The organization's influence extends beyond the mere provision of energy, contributing to the economic growth and development of the industries and communities it serves.

In its mission to improve the quality of life of its members, Holy Cross Energy goes above and beyond, providing essential energy solutions tailored to the specific needs of its diverse member base. By doing so, the organization not only powers the everyday lives of its members but also empowers them to pursue their passions and contribute to their respective industries and communities. Through its unwavering commitment to safety, reliability, affordability, and sustainability, Holy Cross Energy continues to make a positive impact on the lives of its members and their communities.

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Impact




October, 2024

Holy Cross Electric Association Inc significantly impacts its community by providing safe, reliable, affordable, and sustainable energy solutions. Serving over 60,000 active meters with a dedicated team of more than 165 employees, the organization caters to a diverse clientele that includes major ski resorts and rural communities in the Aspen and Vail areas.

This cooperative plays a crucial role in enhancing the quality of life for its members through its commitment to improving energy access and sustainability. By supporting local farms and ranches, as well as tourism and outdoor recreation industries, Holy Cross Energy fosters economic vitality and community well-being. Its focus on sustainable practices further reflects a dedication to preserving the environment for future generations, making a positive impact not just locally but potentially beyond its immediate service area.




This information is meant to be a general summary of Holy Cross Electric Association 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.

Revenue
$150,591,525 (2022)
Expenses
$148,897,305 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $417,238
  • Program Service Revenue: $149,589,259
  • Gross Receipts: $150,666,903

Assets and Liabilities:

  • Total Assets: $359,982,286
  • Total Liabilities: $216,700,648
  • Net Assets: $143,281,638

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

ELECTRICITY SALES

Revenue

$148,254,966

CAPITAL CREDITS & PATRONAGE DIVIDENDS

Revenue

$1,125,650

RENT FROM ELECTRIC PROPERTY

Revenue

$208,643

Organization Details

Founding Year

1939

Principal Officer

Bryan Hannegan

Main Address

PO BOX 2150, GLENWOOD SPRINGS, CO, 816022150

NTEE Category

Code: W80 - Public benefit

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