Kit Carson Electric Cooperative Inc

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

EIN: 850081882 ✦ Taos, NM ✦ Designated as a 501(c)(12)

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Overview

What is Kit Carson Electric Cooperative Inc?

Kit Carson Electric Cooperative Inc, based in Taos, New Mexico, is a nonprofit organization dedicated to delivering quality and reliable electric service to its cooperative members. With 30,284 active services at the year end, they allocate patronage capital to provide electricity cooperatively. Their mission is focused on ensuring a consistent power supply to their members. The cooperative, with a workforce of 132 employees, strives for excellence in providing essential energy services.


Official website here: www.kitcarson.com

What are the reviews and ratings of this charity?

Kit Carson Electric Cooperative Inc is not currently rated by Charity Navigator. This is primarily due to its status as a non-501(c)(3) organization, which excludes it from their evaluation methodologies such as Accountability & Finance and Impact & Measurement. The absence of a rating is not an indication of performance but rather a limitation of Charity Navigator's evaluation scope.

The organization operates independently without an overarching affiliation, which might provide it the flexibility to address community-specific energy needs effectively. However, the lack of publicly available data such as total revenue, expenses, and salaries of key personnel may limit transparency and accountability perceptions for potential stakeholders compared to other rated nonprofits.

No user reviews are available for Kit Carson Electric Cooperative Inc on GreatNonprofits. Therefore, the general public sentiment concerning its operations, community impact, or customer service cannot be accurately gauged through this platform at this time.


This AI summary has been generated from information found on Charity Navigator.

What do the Facebook reviews say about Kit Carson Electric Cooperative Inc?

Only 32% of reviewers on Facebook recommend Kit Carson Electric Cooperative Inc., with a total of 31 reviews reflecting a significant level of dissatisfaction. Many users express frustration primarily regarding the fiber internet service offered. A common theme in the feedback highlights concerns about the slow internet speeds, particularly in comparison to other providers. Customers feel that the current speed offerings do not justify the high costs, with complaints about not meeting the expectations set for modern fiber technology.

One user’s review encapsulates the sentiment well: they questioned the effectiveness of the new fiber service, remarking that the speeds provided are comparable to those of DSL, which diminishes the perceived value of the upgrades. They also expressed a desire for clarity on improvements and future plans for more competitive pricing and faster speeds, emphasizing the need for better service delivery to meet consumer expectations.

Overall, it seems there is a strong call for improvement in service performance and clarity from Kit Carson Electric Cooperative. The feedback suggests customers are looking for more reliable internet options that live up to the modern standards of fiber technology.


This AI summary has been generated from reviews found on Facebook.

Is Kit Carson Electric Cooperative Inc legitimate?

Kit Carson Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Kit Carson 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: $925,475
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,163,667

For more financial information, click here


Official website here: www.kitcarson.com

What is the mission statement of Kit Carson Electric Cooperative Inc?

Kit Carson Electric Cooperative Inc is dedicated to delivering quality and dependable electric service to its cooperative members. They allocate patronage capital to provide electricity on a cooperative basis, serving a total of 30,284 active services at the end of the year. The cooperative is committed to maintaining a reliable electric supply for its community.


Official website here: www.kitcarson.com

Who is the CEO of Kit Carson Electric Cooperative Inc?

Luis A Reyes Jr is the Ceo of Kit Carson Electric Cooperative Inc. The CEO's salary of Kit Carson Electric Cooperative Inc is $314,940 and their total compensation is $366,652.


Official website here: www.kitcarson.com

What is the revenue of Kit Carson Electric Cooperative Inc?

Kit Carson Electric Cooperative Inc's revenue in 2022 was $57,387,729.


Official website here: www.kitcarson.com

Who are the executives of Kit Carson Electric Cooperative Inc and what are their salaries?

The average compensation at Kit Carson Electric Cooperative Inc during 2022 was $46,130. There are 132 employees at Kit Carson Electric Cooperative Inc.


Here are 21 key members and their salaries (Kit Carson Electric Cooperative Inc's CEO's salary is $314,940 and their total compensation is $366,652):


Bruce Jassman (Treasurer)
  • Compensation: $9,750
  • Related: $0
  • Other: $0
Bobby Ortega (President)
  • Compensation: $16,350
  • Related: $0
  • Other: $0
David Torres (Trustee)
  • Compensation: $14,100
  • Related: $0
  • Other: $0
Arthur Rodarte (Trustee)
  • Compensation: $13,800
  • Related: $0
  • Other: $0
Russ A Coyle (Trustee)
  • Compensation: $11,700
  • Related: $0
  • Other: $0
Michael H Romero (Trustee (Until June))
  • Compensation: $4,500
  • Related: $0
  • Other: $0
Manuel Medina (Secretary)
  • Compensation: $8,850
  • Related: $0
  • Other: $0
Robert Bresnahan (Trustee (Until June))
  • Compensation: $2,250
  • Related: $0
  • Other: $0
Luisa Valerio Mylet (Trustee)
  • Compensation: $7,950
  • Related: $0
  • Other: $0
Bernie Torres (Trustee)
  • Compensation: $4,050
  • Related: $0
  • Other: $0
Christobal Duran (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Luis A Reyes Jr (Ceo)
  • Compensation: $314,940
  • Related: $0
  • Other: $51,712
John Shafto (Cfo)
  • Compensation: $181,048
  • Related: $0
  • Other: $45,259
Martin Dimas (Trustee (Beg June))
  • Compensation: $4,500
  • Related: $0
  • Other: $0
Sylvia Vigil (Trustee (Beg June))
  • Compensation: $5,000
  • Related: $0
  • Other: $0
Richard Martinez (Coo)
  • Compensation: $181,354
  • Related: $0
  • Other: $48,362
Carmella Suazo (Assistant Manager)
  • Compensation: $143,120
  • Related: $0
  • Other: $35,683
Matthew Suazo (Lineman)
  • Compensation: $118,707
  • Related: $0
  • Other: $36,525
Fidel Lopez (Lineman)
  • Compensation: $121,589
  • Related: $0
  • Other: $20,963
Carlos Rivera (Lineman)
  • Compensation: $118,960
  • Related: $0
  • Other: $18,306
Justin Varela (Lineman)
  • Compensation: $114,009
  • Related: $0
  • Other: $17,487


Official website here: www.kitcarson.com

Where can I find the form 990 for Kit Carson Electric Cooperative Inc?

Kit Carson Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.kitcarson.com

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

Mission Statement of Kit Carson Electric Cooperative Inc

Kit Carson Electric Cooperative Inc, a dedicated organization, is committed to delivering top-notch and dependable electric services to its cooperative members. With a mission rooted in quality and reliability, the cooperative strives to ensure that every household and business under its wing receives electricity in a cooperative manner.

The cooperative's efforts culminated in 30,284 active services at year end, where electricity was distributed cooperatively among its members through the allocation of patronage capital. This collaborative approach not only ensures the provision of essential energy but also underscores the cooperative's commitment to its members and their needs.

Kit Carson Electric Cooperative Inc's unwavering mission to provide quality and reliable electric service is the backbone of its operations. The cooperative's focus on this essential goal allows it to prioritize the needs of its members and invest in the necessary infrastructure and resources to maintain a stable and efficient power grid. By prioritizing the needs of its members, Kit Carson Electric Cooperative Inc continues to make a positive impact on the lives of those it serves.

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Impact




October, 2024

Kit Carson Electric Cooperative Inc plays a crucial role in delivering quality and reliable electric service to its members in Taos, New Mexico. With 30,284 active services, the cooperative ensures that electricity is provided on a cooperative basis, allowing members to benefit from the allocation of patronage capital. This model not only fosters community engagement but also reinforces a commitment to serving the needs of its members. By prioritizing dependable energy delivery, Kit Carson Electric Cooperative enhances the quality of life in the region and supports local economic development. Its mission focuses on meeting the energy needs of the community while emphasizing public benefit and cooperative values.




This information is meant to be a general summary of Kit Carson 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.

Revenue
$57,387,729 (2022)
Expenses
$56,958,123 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $146,624
  • Program Service Revenue: $55,739,820
  • Gross Receipts: $57,387,729

Assets and Liabilities:

  • Total Assets: $154,898,345
  • Total Liabilities: $112,495,101
  • Net Assets: $42,403,244

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Programs

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

SALE OF POWER

Revenue

$45,226,758

TELECOM AND INTERNET REVENUE

Revenue

$9,861,055

CAPITAL CREDITS

Revenue

$390,087

OTHER OPERATING REVENUE

Revenue

$261,920

Organization Details

Founding Year

1944

Principal Officer

Luis A Reyes Jr

Main Address

PO BOX 578, TAOS, NM, 87571

NTEE Category

Code: W80 - Public benefit

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