Overview
What is Core Electric Cooperative?
Core Electric Cooperative, based in Sedalia, Colorado, is a rural electric distribution cooperative that serves 174,006 active service locations across 11 Colorado counties. Established to provide electric utility service within its designated area, the cooperative currently employs 341 individuals and distributes power to communities in the region.
Official website here: www.core.coop
What are the reviews and ratings of this charity?
Core Electric Cooperative is not currently rated by Charity Navigator as the organization is not registered as a 501(c)(3) nonprofit, which limits its eligibility for such evaluations. The absence of a rating does not imply a positive or negative view, but indicates that certain financial and performance metrics are not applied or available in their case.
Historically, other nonprofits have been rated based on Accountability and Finance, but Core Electric Cooperative's status restricts this evaluation. Charity Navigator's current rating system emphasizes aspects like Leadership, Impact, and Community, but these are not assessed for organizations without the 501(c)(3) designation.
Without user reviews from GreatNonprofits or other detailed financial data, it is challenging to thoroughly assess the cooperative's strengths and limitations. Overall, while no formal rating exists, the cooperative operates independently and seems to meet its operational criteria as per IRS data.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Core Electric Cooperative?
60% of reviewers on Facebook recommend Core Electric Cooperative. Here's a summary of their perspectives:
Some reviews express dissatisfaction with the service provided, highlighting concerns about customer relations and management. A particular review describes negative feelings towards the cooperative, suggesting users consider alternative power options when available.
Overall, while there are a few individuals who seem to appreciate the cooperative, the substantial negativity from others indicates room for improvement in customer satisfaction and service delivery.
This AI summary has been generated from reviews found on Facebook.
Is Core Electric Cooperative legitimate?
Core Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Core 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: $5,664,245
Professional Fundraising Fees: $0
Other Salaries and Wages: $21,587,635
For more financial information, click here
Official website here: www.core.coop
What is the mission statement of Core Electric Cooperative?
Core Electric Cooperative was founded as a rural electric utility cooperative, committed to delivering electric services within its designated territory. Its primary mission is to ensure reliable electricity access for the communities it serves. The cooperative has successfully distributed electricity to over 174,000 active service locations across an expanse of 11 Colorado counties. By providing essential electric utility services, Core Electric Cooperative plays a crucial role in enhancing the quality of life for its members, contributing to the overall development of the rural areas it serves.
Official website here: www.core.coop
Who is the CEO of Core Electric Cooperative?
Jeffrey Baudier is the CEO of Core Electric Cooperative The CEO's salary of Core Electric Cooperative is $753,000 and their total compensation is $889,457.
Official website here: www.core.coop
What is the revenue of Core Electric Cooperative?
Core Electric Cooperative's revenue in 2023 was $353,755,406.
Official website here: www.core.coop
Who are the executives of Core Electric Cooperative and what are their salaries?
The average compensation at Core Electric Cooperative during 2023 was $81,592. There are 334 employees at Core Electric Cooperative.
Here are 25 key members and their salaries (Core Electric Cooperative's CEO's salary is $753,000 and their total compensation is $889,457):
- Compensation: $68,066
- Related: $0
- Other: $0
- Compensation: $57,429
- Related: $0
- Other: $0
- Compensation: $45,549
- Related: $0
- Other: $0
- Compensation: $48,329
- Related: $0
- Other: $0
- Compensation: $66,225
- Related: $0
- Other: $0
- Compensation: $33,600
- Related: $0
- Other: $0
- Compensation: $58,034
- Related: $0
- Other: $0
- Compensation: $331,700
- Related: $0
- Other: $72,677
- Compensation: $406,193
- Related: $0
- Other: $145,814
- Compensation: $753,000
- Related: $0
- Other: $136,457
- Compensation: $325,488
- Related: $0
- Other: $129,541
- Compensation: $386,683
- Related: $0
- Other: $127,973
- Compensation: $263,166
- Related: $0
- Other: $92,182
- Compensation: $240,203
- Related: $0
- Other: $66,861
- Compensation: $239,792
- Related: $0
- Other: $51,544
- Compensation: $237,658
- Related: $0
- Other: $96,152
- Compensation: $219,168
- Related: $0
- Other: $78,512
- Compensation: $218,806
- Related: $0
- Other: $84,553
- Compensation: $211,582
- Related: $0
- Other: $95,460
- Compensation: $207,090
- Related: $0
- Other: $68,758
- Compensation: $225,250
- Related: $0
- Other: $66,033
- Compensation: $203,649
- Related: $0
- Other: $83,102
- Compensation: $199,868
- Related: $0
- Other: $85,062
- Compensation: $199,556
- Related: $0
- Other: $82,351
- Compensation: $199,048
- Related: $0
- Other: $86,078
Official website here: www.core.coop
Where can I find the form 990 for Core Electric Cooperative?
Core Electric Cooperative's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.core.coop
Learn more at the official website: www.core.coop
Mission Statement of Core Electric Cooperative
Core Electric Cooperative, established as a rural electric distribution cooperative, is dedicated to providing electric utility service within its designated service territory. Founded with a mission to distribute electricity, this cooperative has grown to serve over 174,000 active service locations in various communities spread across 11 Colorado counties.
In the heart of Colorado, Core Electric Cooperative plays a pivotal role in bringing essential electricity to rural areas. By delivering reliable and consistent power to its members, the cooperative enhances the quality of life and supports the economic development of the regions it serves. The cooperative's primary focus remains on ensuring access to electricity for every household and business within its jurisdiction.
Core Electric Cooperative's commitment to its members goes beyond just providing electricity. By being a part of the local communities, the cooperative fosters a strong sense of connection and engagement. Through collaboration and partnerships with various organizations, it strives to create sustainable solutions and contribute to the overall progress and prosperity of the regions it serves.
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Impact
October, 2024
Core Electric Cooperative has significantly impacted the communities it serves by providing reliable electric utility service across its designated territory. By distributing electricity to 174,006 active service locations in 11 counties throughout Colorado, the cooperative plays a vital role in supporting rural residents and businesses. Its mission focuses on enhancing the quality of life for its members by ensuring access to essential electricity, which is crucial for daily living and economic growth. The cooperative's commitment to public benefit fosters community development and sustainability, making it an integral part of the region’s infrastructure and overall well-being.
This information is meant to be a general summary of Core 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 2023.
- Investment Income: $2,568,235
- Program Service Revenue: $350,160,622
- Gross Receipts: $354,081,632
Assets and Liabilities:
- Total Assets: $1,250,610,468
- Total Liabilities: $868,479,051
- Net Assets: $382,131,417
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRICITY SALES
Revenue
$342,541,371
PATRONAGE DIVIDENDS
Revenue
$4,650,434
SERVICE FEES
Revenue
$1,479,523
RENEWABLE ENERGY CERTIFICATE SALE
Revenue
$1,364,086
OTHER PROGRAM REVENUE
Revenue
$125,208
Organization Details
Founding Year
1938
Principal Officer
Jeffrey M Baudier
Website
www.core.coopNTEE Category
Code: W80 - Public benefit
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