Overview
What is La Plata Electric Association Inc?
La Plata Electric Association Inc, based in Durango, Colorado, serves as a nonprofit electric utility company, providing power to approximately 48,341 members through 3,772 miles of lines. Their mission is to ensure the delivery of safe, dependable electricity to their community at the most reasonable cost while remaining environmentally responsible. The company had a workforce of 130 employees as of December 31, 2022.
Official website here: www.lpea.coop
Is La Plata Electric Association Inc legitimate?
La Plata Electric Association Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. La Plata 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.lpea.coop
What is the mission statement of La Plata Electric Association Inc?
La Plata Electric Association Inc is committed to delivering safe and reliable electricity to its members at the most reasonable cost. The organization prioritizes environmental responsibility in all its operations. With a customer base of over 48,000 services and a network of 3,772 miles of lines as of December 31, 2022, La Plata Electric Association Inc ensures a consistent power supply to households and businesses. Its focus on affordability and sustainability underpins its mission to enhance the quality of life for its community while maintaining a strong electricity infrastructure.
Official website here: www.lpea.coop
Who is the CEO of La Plata Electric Association Inc?
Jessica Matlock is the Chief Executive Officer of La Plata Electric Association Inc. The CEO's salary of La Plata Electric Association Inc is $479,894 and their total compensation is $562,870.
Official website here: www.lpea.coop
What is the revenue of La Plata Electric Association Inc?
La Plata Electric Association Inc's revenue in 2022 was $112,117,449.
Official website here: www.lpea.coop
Who are the executives of La Plata Electric Association Inc and what are their salaries?
There are 130 employees at La Plata Electric Association Inc.
Here are 26 key members and their salaries (La Plata Electric Association Inc's CEO's salary is $479,894 and their total compensation is $562,870):
- Compensation: $479,894
- Related: $0
- Other: $82,976
- Compensation: $249,932
- Related: $0
- Other: $65,280
- Compensation: $216,798
- Related: $0
- Other: $62,375
- Compensation: $222,789
- Related: $0
- Other: $51,873
- Compensation: $228,940
- Related: $0
- Other: $45,697
- Compensation: $209,368
- Related: $0
- Other: $53,671
- Compensation: $178,119
- Related: $0
- Other: $64,207
- Compensation: $197,693
- Related: $0
- Other: $34,834
- Compensation: $173,918
- Related: $0
- Other: $52,456
- Compensation: $161,429
- Related: $0
- Other: $60,645
- Compensation: $172,679
- Related: $0
- Other: $40,677
- Compensation: $161,260
- Related: $0
- Other: $47,884
- Compensation: $150,918
- Related: $0
- Other: $53,627
- Compensation: $131,632
- Related: $0
- Other: $34,908
- Compensation: $15,869
- Related: $20,500
- Other: $0
- Compensation: $17,935
- Related: $0
- Other: $0
- Compensation: $17,729
- Related: $0
- Other: $0
- Compensation: $16,950
- Related: $0
- Other: $0
- Compensation: $16,200
- Related: $0
- Other: $0
- Compensation: $15,950
- Related: $0
- Other: $0
- Compensation: $15,700
- Related: $0
- Other: $0
- Compensation: $15,450
- Related: $0
- Other: $0
- Compensation: $15,388
- Related: $0
- Other: $0
- Compensation: $14,875
- Related: $0
- Other: $0
- Compensation: $14,720
- Related: $0
- Other: $0
- Compensation: $14,700
- Related: $0
- Other: $0
Official website here: www.lpea.coop
Where can I find the form 990 for La Plata Electric Association Inc?
La Plata Electric Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lpea.coop
Learn more at the official website: www.lpea.coop
Mission Statement of La Plata Electric Association Inc
La Plata Electric Association Inc, a leading electric distribution system, is dedicated to delivering safe and dependable electricity to its members at the most reasonable prices, all while maintaining a commitment to the environment. With a mission deeply rooted in responsibility, LPEA strives to ensure the electrical needs of its 48,341 customers are met effectively and efficiently. The organization prides itself on its extensive network, managing a total of 3,772 miles of electrical lines.
At the heart of LPEA's operations lies a strong emphasis on safety and sustainability. By providing members with electricity that is both reliable and cost-effective, LPEA fosters a sense of trust and confidence within its community. Moreover, the organization recognizes the importance of preserving the environment, making it a priority to implement eco-friendly practices wherever possible.
Throughout its operations, LPEA remains steadfast in upholding its mission, ensuring that every community it serves benefits from a consistent and high-quality electric supply. The association's unwavering commitment to its members and the environment is what sets it apart, making it an essential partner in the daily lives of those it serves.
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Impact
October, 2024
La Plata Electric Association Inc (LPEA) plays a significant role in the community by delivering safe and reliable electricity to its members. Serving 48,341 services across 3,772 miles of electrical lines, LPEA ensures that residents and businesses in Durango, Colorado, have access to essential power resources. The cooperative emphasizes keeping costs low while maintaining a strong commitment to environmental responsibility. By prioritizing dependable energy solutions, LPEA supports economic growth and sustainability in the region, enhancing the quality of life for its members and contributing to the overall well-being of the community.
This information is meant to be a general summary of La Plata 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $345,414
- Program Service Revenue: $110,374,571
- Gross Receipts: $112,139,521
Assets and Liabilities:
- Total Assets: $284,945,015
- Total Liabilities: $136,195,673
- Net Assets: $148,749,342
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Electric Energy Revenue & Gross Sales
Revenue
$109,513,910
Miscellaneous Revenue
Revenue
$860,661
Organization Details
Founding Year
1939
Phone
(970) 382-3575Principal Officer
Jessica Matlock
Main Address
PO Box 2750, Durango, CO, 813022750
Website
www.lpea.coopNTEE Category
Code: W80 - Public benefit
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