Overview
What is Springer Electric Cooperative Inc?
Springer Electric Cooperative Inc, based in Springer, New Mexico, is a nonprofit organization dedicated to providing electric energy services. With a membership of 1,937 and 3,700 services in place as of December 31, 2022, they strive to sell and distribute electricity at the most affordable prices and in the most dependable manner. Their mission is centered around ensuring their community has access to electric energy. The cooperative employs a team of 17 individuals to carry out their operations.
Official website here: www.springercoop.com
Is Springer Electric Cooperative Inc legitimate?
Springer Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Springer 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: $533,622
Professional Fundraising Fees: $0
Other Salaries and Wages: $950,883
For more financial information, click here
Official website here: www.springercoop.com
What is the mission statement of Springer Electric Cooperative Inc?
Springer Electric Cooperative Inc is dedicated to providing electric energy at the most affordable price and with the utmost reliability to its members. The cooperative prioritizes delivering electricity efficiently, ensuring a consistent power supply for its community. With a member base of 1,937 and 3,700 services in place as of the end of 2022, Springer Electric Cooperative Inc continues to prioritize affordability and dependability in its operations. The cooperative strives to maintain high standards, focusing on the needs of its customers while ensuring long-term sustainability. Its commitment to accessibility and reliability is at the heart of its mission to serve its community effectively.
Official website here: www.springercoop.com
Who is the CEO of Springer Electric Cooperative Inc?
David Spradlin is the Ceo of Springer Electric Cooperative Inc. The CEO's salary of Springer Electric Cooperative Inc is $225,192 and their total compensation is $371,335.
Official website here: www.springercoop.com
What is the revenue of Springer Electric Cooperative Inc?
Springer Electric Cooperative Inc's revenue in 2022 was $19,813,589.
Official website here: www.springercoop.com
Who are the executives of Springer Electric Cooperative Inc and what are their salaries?
The average compensation at Springer Electric Cooperative Inc during 2022 was $87,324. There are 17 employees at Springer Electric Cooperative Inc.
Here are 10 key members and their salaries (Springer Electric Cooperative Inc's CEO's salary is $225,192 and their total compensation is $371,335):
- Compensation: $12,494
- Related: $0
- Other: $0
- Compensation: $10,960
- Related: $0
- Other: $0
- Compensation: $12,225
- Related: $0
- Other: $0
- Compensation: $11,956
- Related: $0
- Other: $0
- Compensation: $13,303
- Related: $0
- Other: $0
- Compensation: $11,767
- Related: $0
- Other: $0
- Compensation: $17,612
- Related: $0
- Other: $0
- Compensation: $225,192
- Related: $0
- Other: $146,143
- Compensation: $113,296
- Related: $0
- Other: $45,810
- Compensation: $104,817
- Related: $0
- Other: $70,864
Official website here: www.springercoop.com
Where can I find the form 990 for Springer Electric Cooperative Inc?
Springer Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.springercoop.com
Learn more at the official website: www.springercoop.com
Mission Statement of Springer Electric Cooperative Inc
Springer Electric Cooperative Inc, a dedicated organization, strives to provide electric energy to its members at the most affordable price and with the highest level of reliability. With a mission deeply rooted in affordability and dependability, the cooperative works tirelessly to ensure its members receive consistent power supply.
In action, Springer Electric Cooperative Inc sells and distributes electric energy to over 1,900 members across the board. This commitment to customer satisfaction extends to maintaining 3,700 active services, further underscoring the cooperative's dedication to catering to the power needs of its community. By keeping prices low and reliability high, Springer Electric Cooperative Inc has built a solid reputation for being a trusted energy provider.
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Impact
October, 2024
Springer Electric Cooperative Inc plays a crucial role in providing accessible and reliable electric energy to its community. Serving 1,937 members and maintaining 3,700 services as of December 31, 2022, the cooperative focuses on delivering electricity at the lowest possible price, ensuring affordability for its members.
The impact of Springer Electric Cooperative Inc extends beyond mere utility provision; it enhances the quality of life in Springer, NM, by supporting economic development and stability. By prioritizing reliable energy distribution, the cooperative helps local businesses thrive while fostering a sustainable environment for residents. This commitment to dependable service ensures that the community can engage in daily activities and long-term planning with confidence in their energy supply.
Additionally, by catering to the needs of its members and prioritizing public benefit, Springer Electric Cooperative Inc nurtures a sense of community, embodying a model of collaborative growth and empowerment.
This information is meant to be a general summary of Springer 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: -$218,382
- Program Service Revenue: $19,986,898
- Gross Receipts: $19,813,589
Assets and Liabilities:
- Total Assets: $43,026,680
- Total Liabilities: $20,054,297
- Net Assets: $22,972,383
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC REVENUE
Revenue
$19,696,978
OTHER
Revenue
$277,583
G & T CAPITAL CREDITS
Revenue
$12,337
Organization Details
Founding Year
1946
Phone
(575) 483-2421Principal Officer
David Spradlin
Main Address
PO BOX 698, SPRINGER, NM, 877470698
Website
www.springercoop.comNTEE Category
Code: W80 - Public benefit
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