Overview
What is Jemez Mountains Electric Cooperative Inc?
Jemez Mountains Electric Cooperative Inc is a New Mexico-based cooperative with a vision to be the leading electric provider in the state. They serve approximately 31,000 active members with a workforce of 137 employees. Their mission is to deliver reliable and affordable power to communities through cooperative means, enhancing the quality of life in their service areas. The cooperative allocates patronage capital for the sale of electric energy and had 31,658 active services at the end of the year.
Official website here: www.jemezcoop.org
What are the reviews and ratings of this charity?
The Jemez Mountains Electric Cooperative Inc is not currently rated by Charity Navigator. This absence of rating indicates that the organization has not been evaluated primarily because it is not a 501(c)(3) IRS-registered nonprofit. Charity Navigator typically requires this status, along with specific beacon scores, to provide a comprehensive assessment.
Without the ability to evaluate the Cooperative through traditional methodologies such as Accountability & Finance, Impact & Measurement, or Culture & Community, potential benefactors may have limited financial transparency and insight into its operational impact and adaptability. The limited information implies a lack of accessible data that makes it difficult for donors to assess efficiency or mission effectiveness through Charity Navigator's standard metrics.
User reviews through GreatNonprofits are unavailable, which might further challenge public transparency and engagement. Without testimonies or qualitative data from individuals' experiences with the Cooperative, it remains challenging for the public to form an independent perspective regarding its services or community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Jemez Mountains Electric Cooperative Inc legitimate?
Jemez Mountains Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Jemez Mountains 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: $468,913
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,867,428
For more financial information, click here
Official website here: www.jemezcoop.org
What is the mission statement of Jemez Mountains Electric Cooperative Inc?
Jemez Mountains Electric Cooperative Inc strives to deliver reliable and affordable electricity to its service areas on a cooperative basis. The cooperative's ultimate goal is to be the best electric cooperative in New Mexico, setting high standards in price, customer service, and power reliability. Through this commitment, Jemez Mountains Electric Cooperative enhances the quality of life for the communities it serves. The cooperative operates on a cooperative business model, selling electric energy to its members and distributing patronage capital. At the end of the year, there were 31,658 active services under the cooperative's care.
Official website here: www.jemezcoop.org
Who is the CEO of Jemez Mountains Electric Cooperative Inc?
Michael Hastings is the President of Jemez Mountains Electric Cooperative Inc. The CEO's salary of Jemez Mountains Electric Cooperative Inc is $176,111 and their total compensation is $194,084.
Official website here: www.jemezcoop.org
What is the revenue of Jemez Mountains Electric Cooperative Inc?
Jemez Mountains Electric Cooperative Inc's revenue in 2022 was $50,528,193.
Official website here: www.jemezcoop.org
Who are the executives of Jemez Mountains Electric Cooperative Inc and what are their salaries?
The average compensation at Jemez Mountains Electric Cooperative Inc during 2022 was $53,550. There are 137 employees at Jemez Mountains Electric Cooperative Inc.
Here are 18 key members and their salaries (Jemez Mountains Electric Cooperative Inc's CEO's salary is $176,111 and their total compensation is $194,084):
- Compensation: $12,582
- Related: $0
- Other: $0
- Compensation: $13,068
- Related: $0
- Other: $0
- Compensation: $10,782
- Related: $0
- Other: $0
- Compensation: $9,277
- Related: $0
- Other: $0
- Compensation: $9,972
- Related: $0
- Other: $0
- Compensation: $8,957
- Related: $0
- Other: $0
- Compensation: $6,573
- Related: $0
- Other: $0
- Compensation: $6,573
- Related: $0
- Other: $0
- Compensation: $9,143
- Related: $0
- Other: $0
- Compensation: $7,695
- Related: $0
- Other: $0
- Compensation: $6,573
- Related: $0
- Other: $0
- Compensation: $176,111
- Related: $0
- Other: $17,973
- Compensation: $154,235
- Related: $0
- Other: $19,399
- Compensation: $134,991
- Related: $0
- Other: $10,456
- Compensation: $115,759
- Related: $0
- Other: $9,613
- Compensation: $115,674
- Related: $0
- Other: $10,061
- Compensation: $111,116
- Related: $0
- Other: $8,854
- Compensation: $110,704
- Related: $0
- Other: $9,214
Official website here: www.jemezcoop.org
Where can I find the form 990 for Jemez Mountains Electric Cooperative Inc?
Jemez Mountains Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.jemezcoop.org
Learn more at the official website: www.jemezcoop.org
Mission Statement of Jemez Mountains Electric Cooperative Inc
Jemez Mountains Electric Cooperative Inc, a leading electric cooperative in New Mexico, is committed to providing reliable and affordable power to its communities on a cooperative basis. The cooperative's mission goes beyond just selling electric energy; it aspires to be the best electric cooperative in the state, setting high standards in price, customer service, and reliability. The cooperative's vision enhances the quality of life for the communities it serves by ensuring a consistent power supply, enabling residents to carry out their daily activities with ease.
Jemez Mountains Electric Cooperative Inc operates on a cooperative basis, meaning that the sale of electric energy is allocated back to its members through the patronage capital program. With over 31,000 active services at the end of the year, the cooperative has a significant presence and impact in its service areas. The cooperative's dedication to its customers is reflected in its commitment to offering affordable prices, responsive customer service, and a reliable power supply. By doing so, Jemez Mountains Electric Cooperative Inc not only meets the basic energy needs of its members but also contributes to the overall well-being and prosperity of the communities it serves.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Jemez Mountains Electric Cooperative Inc. has a significant impact on the communities it serves by providing reliable and affordable electrical power through a cooperative model. With 31,658 active services, the cooperative ensures that its members receive not only electricity but also the benefits of patronage capital allocation, which fosters financial stability and community ownership.
Its mission to excel in customer service, pricing, and reliability enhances the quality of life for residents in the Española area and beyond. By focusing on cooperative principles, Jemez Mountains Electric Cooperative fosters a sense of community and shared responsibility, which strengthens local infrastructure and supports economic growth. This approach supports sustainable practices while meeting the energy needs of its members, reinforcing its commitment to improving the overall well-being of the region. In essence, the cooperative plays a crucial role in both the immediate access to energy and the long-term vitality of the communities it serves.
This information is meant to be a general summary of Jemez Mountains 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: $92,068
- Program Service Revenue: $50,259,992
- Gross Receipts: $50,541,472
Assets and Liabilities:
- Total Assets: $130,408,510
- Total Liabilities: $70,184,897
- Net Assets: $60,223,613
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES OF ELECTRICITY
Revenue
$49,486,403
SERVICE FEES
Revenue
$322,595
PATRONAGE DIVIDENDS
Revenue
$289,379
WHEELING
Revenue
$161,615
Organization Details
Founding Year
1943
Phone
(505) 753-2105Principal Officer
Michael Hastings
Main Address
PO BOX 128, ESPANOLA, NM, 87532
Website
www.jemezcoop.orgNTEE Category
Code: W80 - Public benefit
If you are a representative of Jemez Mountains 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.