Overview
What is Roosevelt County Electric Cooperative Inc?
Roosevelt County Electric Cooperative Inc is a New Mexico-based cooperative, with a PO Box address in Portales (881300389). Their primary focus is providing safe, reliable, and affordable electrical service to their members. The cooperative, which had 6,156 active services at the end of the year,allocates patronage capital for the sales of electric energy on a cooperative basis. The team at the cooperative, consisting of 47 employees, is dedicated to ensuring the electrical needs of their community are met.
Official website here: www.rcec.org
Is Roosevelt County Electric Cooperative Inc legitimate?
Roosevelt County Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Roosevelt 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $600,708
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,600,937
For more financial information, click here
What is the mission statement of Roosevelt County Electric Cooperative Inc?
The Roosevelt County Electric Cooperative Inc is dedicated to delivering safe, reliable, and affordable electrical service to its member base. The cooperative ensures the sales of electric energy are made on a cooperative basis, with patronage capital being allocated to its members. In total, there were 6,156 active services at the end of the year. The organization's primary focus is on ensuring a consistent power supply for the community and maintaining affordable rates for its members. The cooperative's commitment to safety, reliability, and affordability is a cornerstone of its mission.
Official website here: www.rcec.org
Who is the CEO of Roosevelt County Electric Cooperative Inc?
Eric Segovia is the Trustee (Jan-Mar) of Roosevelt County Electric Cooperative Inc.
Official website here: www.rcec.org
What is the revenue of Roosevelt County Electric Cooperative Inc?
Roosevelt County Electric Cooperative Inc's revenue in 2022 was $20,923,843.
Official website here: www.rcec.org
Who are the executives of Roosevelt County Electric Cooperative Inc and what are their salaries?
The average compensation at Roosevelt County Electric Cooperative Inc during 2022 was $46,844. There are 47 employees at Roosevelt County Electric Cooperative Inc.
Here are 13 key members and their salaries:
- Eric Segovia (General Manager)
- Antonio Sanchez Jr (General Manager/Executive)
- Jeremy Neal (Engineering Manager)
- Preston Elkins (Accounting & Finance Manager)
- Gene Creighton (President) [Trustee/Director]
- Gordon C Duncan (Secretary/Treasurer) [Trustee/Director]
- Brandon Dewbre (Trustee)
- Janet Collins (Vice President) [Trustee/Director]
- Charles Bennett Jr (Trustee)
- Leon Nall (Trustee (April-Dec))
- Billy Cathey (Trustee (April-Dec))
- Wesley Brown (Trustee (Jan-Mar))
- Darrell Caviness (Trustee (Jan-Mar))
Official website here: www.rcec.org
Where can I find the form 990 for Roosevelt County Electric Cooperative Inc?
The Roosevelt County Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.rcec.org
Learn more at the official website: www.rcec.org
Mission Statement of Roosevelt County Electric Cooperative Inc
Roosevelt County Electric Cooperative Inc, a cooperative entity, is dedicated to delivering safe, dependable, and affordable electrical services to its membership base. The organization's primary mission revolves around supplying electricity to its members through a cooperative business model, which includes the allocation of patronage capital. This model allows the cooperative to invest back into its infrastructure, ensuring the continuity of its services over an extensive period.
At the end of the fiscal year, Roosevelt County Electric Cooperative Inc reported 6,156 active services. These figures underscore the cooperative's commitment to providing essential electrical power to a substantial number of households and businesses. By prioritizing safety, reliability, and affordability, the cooperative has positioned itself as a trusted and essential utility provider within its community.
The electricity sales made by Roosevelt County Electric Cooperative Inc are structured on a cooperative basis, ensuring that its members actively participate in the financial success of the organization. The cooperative's business model has been instrumental in fostering a sense of ownership and community among its members, as they directly benefit from the profits generated by their collective investment in the cooperative.
Impact
This information is meant to be a general summary of Roosevelt County Electric Cooperative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Roosevelt County Electric Cooperative Inc's impact lies in providing safe, reliable, and affordable electrical service to its members in Portales, NM. Through the sales of electric energy on a cooperative basis, they ensure that over 6,000 active services have access to essential electricity. This not only contributes to the well-being of the community but also helps in fostering economic growth and development by meeting the energy needs of individuals and businesses in the region. Additionally, their public benefit tag indicates their commitment to serving the public interest and improving the lives of their members through their operations.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES OF ELECTRICITY
Revenue
$20,355,006
PATRONAGE DIVIDENDS
Revenue
$367,618
SERVICE FEES
Revenue
$51,253
OTHER PROGRAM REVENUE
Revenue
$58
Organization Details
Founding Year
1940
Phone
(575) 356-4491
Principal Officer
Eric Segovia
Main Address
BOX 389, PORTALES, NM, 881300389
Website
www.rcec.org
NTEE Category
Code: W80 - Public benefit
If you are a representative of Roosevelt County Electric Cooperative Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.