Overview
What is Otero County Electric Cooperative Inc?
Otero County Electric Cooperative Inc, located at 404 Burro Ave, Cloudcroft, New Mexico 88317, is a nonprofit organization dedicated to providing electric power to rural areas on a cooperative basis. With 69 employees, they allocate patronage capital to ensure the lowest cost, highest quality, and most reliable electric power for their members. Their mission goes beyond electricity, as they collaborate with their community to offer additional resources and services. In 2021, they catered to 20,388 active services.
Official website here: www.ocec-inc.com
Is Otero County Electric Cooperative Inc legitimate?
Otero County Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Otero County Electric Cooperative 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: $666,716
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,618,357
For more financial information, click here
Official website here: www.ocec-inc.com
What is the mission statement of Otero County Electric Cooperative Inc?
The Otero County Electric Cooperative Inc is dedicated to providing electric power to rural communities on a cooperative basis. They aim to offer their members the lowest costs, highest quality, and most reliable electric power, all while implementing sound and cost-effective business practices. Through this cooperative model, they allocate patronage capital to provide electric energy to their members. The cooperative collaborates with its members to offer resources and services that benefit them and the citizens of the communities they serve, which numbered 20,388 at the end of the year.
Official website here: www.ocec-inc.com
Who is the CEO of Otero County Electric Cooperative Inc?
Mario Romero is the General Manager/Ceo of Otero County Electric Cooperative Inc. The CEO's salary of Otero County Electric Cooperative Inc is $220,895 and their total compensation is $333,974.
Official website here: www.ocec-inc.com
What is the revenue of Otero County Electric Cooperative Inc?
Otero County Electric Cooperative Inc's revenue in 2022 was $35,254,461.
Official website here: www.ocec-inc.com
Who are the executives of Otero County Electric Cooperative Inc and what are their salaries?
The average compensation at Otero County Electric Cooperative Inc during 2022 was $47,610. There are 69 employees at Otero County Electric Cooperative Inc.
Here are 17 key members and their salaries (Otero County Electric Cooperative Inc's CEO's salary is $220,895 and their total compensation is $333,974):
- Compensation: $17,446
- Related: $0
- Other: $0
- Compensation: $1,532
- Related: $0
- Other: $0
- Compensation: $6,333
- Related: $0
- Other: $0
- Compensation: $25,022
- Related: $0
- Other: $0
- Compensation: $1,532
- Related: $0
- Other: $0
- Compensation: $15,946
- Related: $0
- Other: $0
- Compensation: $18,935
- Related: $0
- Other: $0
- Compensation: $16,864
- Related: $0
- Other: $0
- Compensation: $16,396
- Related: $0
- Other: $0
- Compensation: $17,874
- Related: $0
- Other: $0
- Compensation: $220,895
- Related: $0
- Other: $113,079
- Compensation: $132,883
- Related: $0
- Other: $61,979
- Compensation: $153,842
- Related: $0
- Other: $135,517
- Compensation: $130,574
- Related: $0
- Other: $115,204
- Compensation: $117,508
- Related: $0
- Other: $89,696
- Compensation: $126,661
- Related: $0
- Other: $35,081
- Compensation: $113,318
- Related: $0
- Other: $44,014
Official website here: www.ocec-inc.com
Where can I find the form 990 for Otero County Electric Cooperative Inc?
Otero County Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ocec-inc.com
Learn more at the official website: www.ocec-inc.com
Mission Statement of Otero County Electric Cooperative Inc
Otero County Electric Cooperative Inc, a cooperative entity, is dedicated to delivering electric power to rural areas at an affordable cost. The organization's mission is multifaceted, aiming to provide members with the lowest cost, highest quality, and most reliable electric power, all in line with sound and cost-effective business practices.
Collaboration is a key aspect of Otero County Electric Cooperative Inc's operations. The cooperative works hand in hand with its members to offer resources and services that add value to their lives and communities. By pooling resources and working together, the organization strives to enhance the overall wellbeing of its members.
Otero County Electric Cooperative Inc's commitment to its members does not stop at electric power provision. The cooperative allocates patronage capital to its members, allowing them to share in the financial success of the organization. The approach of Otero County Electric Cooperative Inc ensures that the electric power is not only affordable but also accessible to its members, making a difference in their daily lives.
At the end of the year, the cooperative had provided electric services to 20,388 active accounts, solidifying its role as a trusted energy provider to rural communities.
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Impact
October, 2024
Otero County Electric Cooperative Inc plays a vital role in enhancing the quality of life for residents in rural areas by providing reliable and affordable electric power. Serving 20,388 active services at year-end, the cooperative works diligently to deliver electricity at cost, ensuring that members receive the lowest rates possible.
The cooperative is committed to high standards of service, focusing on the quality and reliability of the energy supplied, which is essential for supporting local communities and businesses. By operating on a cooperative basis, Otero County Electric fosters a sense of community ownership, empowering members through the allocation of patronage capital.
In addition to delivering electric power, the cooperative collaborates with its members to explore resources and services that can further benefit both individual members and the broader community. This commitment not only strengthens the local economy but also enhances the overall well-being of the communities served. Through sound and cost-effective business practices, Otero County Electric Cooperative Inc is dedicated to improving the lives of its members and contributing positively to the region.
This information is meant to be a general summary of Otero County Electric Cooperative 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: $110,689
- Program Service Revenue: $34,768,802
- Gross Receipts: $35,255,960
Assets and Liabilities:
- Total Assets: $128,178,058
- Total Liabilities: $87,285,424
- Net Assets: $40,892,634
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES OF ELECTRICITY
Revenue
$34,139,013
PATRONAGE DIVIDENDS
Revenue
$452,122
SERVICE & OTHER FEES
Revenue
$177,667
Organization Details
Founding Year
1943
Phone
(575) 682-2521Principal Officer
Mario Romero
Main Address
404 BURRO AVE, CLOUDCROFT, NM, 88317
Website
www.ocec-inc.comNTEE Category
Code: W80 - Public benefit
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