Overview
What is Brazos Sandy Creek Electric Cooperative Inc C/O Jsn Bankruptcy Trustee?
Brazos Sandy Creek Electric Cooperative Inc C/O Jsn Bankruptcy Trustee is a nonprofit entity, based in Houston, Texas, with an address at 1201 Louisiana Street, 28th Floor. Its primary mission is to supply dependable and economical wholesale electric power for rural distribution cooperatives. The cooperative serves one wholesale electric cooperative, which in turn provides electricity to 16 member distribution cooperatives and one municipality. The cooperative's goal is to offer valued service to its members and customers by generating reliable power at the lowest cost.
Official website here: www.brazoselectric.com
Is Brazos Sandy Creek Electric Cooperative Inc C/O Jsn Bankruptcy Trustee legitimate?
Brazos Sandy Creek Electric Cooperative Inc C/O Jsn Bankruptcy Trustee is a legitimate nonprofit organization registered as a 501(c)(12) entity. Brazos Sandy Creek Electric Cooperative Inc C/O Jsn Bankruptcy Trustee 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.brazoselectric.com
What is the mission statement of Brazos Sandy Creek Electric Cooperative Inc C/O Jsn Bankruptcy Trustee?
The mission of Brazos Sandy Creek Electric Cooperative Inc C/O Jsn Bankruptcy Trustee, as stated, is to offer valuable service to its members and customers by generating reliable power at the most affordable cost. This cooperative supports Brazos Electric Power Cooperative's mission of providing valued service to its customers by ensuring the provision of reliable power at a low cost. The cooperative was formed with the purpose of supplying dependable and economical wholesale electric power for rural distribution cooperatives, serving one wholesale electric cooperative and sixteen member distribution cooperatives, as well as one municipality.
Official website here: www.brazoselectric.com
Who is the CEO of Brazos Sandy Creek Electric Cooperative Inc C/O Jsn Bankruptcy Trustee?
Clifton Karnei is the Principal Officer of Brazos Sandy Creek Electric Cooperative Inc C/O Jsn Bankruptcy Trustee.
Official website here: www.brazoselectric.com
What is the revenue of Brazos Sandy Creek Electric Cooperative Inc C/O Jsn Bankruptcy Trustee?
Brazos Sandy Creek Electric Cooperative Inc C/O Jsn Bankruptcy Trustee's revenue in 2022 was -$187,012,229.
Official website here: www.brazoselectric.com
Who are the executives of Brazos Sandy Creek Electric Cooperative Inc C/O Jsn Bankruptcy Trustee and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.brazoselectric.com
Where can I find the form 990 for Brazos Sandy Creek Electric Cooperative Inc C/O Jsn Bankruptcy Trustee?
Brazos Sandy Creek Electric Cooperative Inc C/O Jsn Bankruptcy Trustee's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.brazoselectric.com
Learn more at the official website: www.brazoselectric.com
Mission Statement of Brazos Sandy Creek Electric Cooperative Inc C/O Jsn Bankruptcy Trustee
Brazos Sandy Creek Electric Cooperative Inc C/O Jsn Bankruptcy Trustee is dedicated to providing valued service to its members and customers. This mission is accomplished by generating reliable power at the most affordable cost. The cooperative supports Brazos Electric Power Cooperative in its mission to deliver valuable service to its customers by supplying them with dependable and economical wholesale electric power. Brazos Sandy Creek Electric Cooperative serves one wholesale electric cooperative, which in turn caters to 16 member distribution cooperatives and one municipality. The cooperative's primary goal is to ensure that its members and customers receive reliable power at the lowest possible cost.
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Impact
October, 2024
Brazos Sandy Creek Electric Cooperative Inc C/O Jsn Bankruptcy Trustee has a significant impact on the energy landscape, particularly for rural distribution cooperatives and their customers. By focusing on generating reliable power at the lowest cost, it serves as a crucial supplier for one wholesale electric cooperative, which supports 16 member distribution cooperatives and one municipality.
This cooperative model enables communities in rural areas to access dependable and economical electricity, which is vital for their growth and development. The current bankruptcy proceedings could potentially affect the financial stability and operational capabilities of Brazos, impacting the reliability of power supply and pricing for its members.
In addressing these challenges, it is essential for the cooperative and its trustee to explore solutions that will allow them to continue fulfilling their mission. Maintaining a focus on providing affordable electricity while ensuring the sustainability of operations will be critical in determining the future impact of Brazos Sandy Creek Electric Cooperative on its members and the broader community it serves.
This information is meant to be a general summary of Brazos Sandy Creek Electric Cooperative Inc C/O Jsn Bankruptcy Trustee. 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: -$356,451,074
- Program Service Revenue: $80,536,568
- Gross Receipts: $274,973,845
Assets and Liabilities:
- Total Assets: $129,146,693
- Total Liabilities: $304,604,069
- Net Assets: -$175,457,376
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC ENERGY
Revenue
$80,536,568
Organization Details
Founding Year
2007
Phone
(713) 728-2826Principal Officer
Clifton Karnei
Main Address
1201 LOUISIANA ST 28TH FLR, HOUSTON, TX, 77022
Website
www.brazoselectric.comNTEE Category
Code: Y22 - Mutual benefit
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