Overview
What is Cordova Electric Cooperative Inc?
Cordova Electric Cooperative Inc, located in Cordova, Alaska, is a nonprofit organization that primarily focuses on providing electric utility services to the local community. With a workforce of 18 employees, the cooperative generates revenues from the sale of electric energy, which covers the costs of producing electricity and managing the cooperative. Their mission is to serve residential, commercial, and governmental consumers in the Cordova area, ensuring a reliable energy supply to the community. The cooperative's operations are based in PO Box 20, Cordova, AK 99574.
Official website here: www.cordovaelectric.com
Is Cordova Electric Cooperative Inc legitimate?
Cordova Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Cordova 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: $502,088
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cordovaelectric.com
What is the mission statement of Cordova Electric Cooperative Inc?
The mission of Cordova Electric Cooperative Inc, in essence, is centered around providing electric utility services to residential, commercial, and governmental consumers. Their primary objective is to ensure the reliability and accessibility of electricity in their operational area. To accomplish this, they generate and manage electricity revenues, which cover their production costs and cooperative administration, ultimately enabling them to deliver consistent electric utility service to the residents and businesses within their jurisdiction. The cooperative's purpose is not merely about generating electricity but also about serving the community's energy needs effectively.
Official website here: www.cordovaelectric.com
Who is the CEO of Cordova Electric Cooperative Inc?
Clay Koplin is the Chairman of Cordova Electric Cooperative Inc. The CEO's salary of Cordova Electric Cooperative Inc is $200,715 and their total compensation is $319,528.
Official website here: www.cordovaelectric.com
What is the revenue of Cordova Electric Cooperative Inc?
Cordova Electric Cooperative Inc's revenue in 2022 was $8,505,578.
Official website here: www.cordovaelectric.com
Who are the executives of Cordova Electric Cooperative Inc and what are their salaries?
The average compensation at Cordova Electric Cooperative Inc during 2022 was $27,894. There are 18 employees and 8 volunteers at Cordova Electric Cooperative Inc.
Here are 15 key members and their salaries (Cordova Electric Cooperative Inc's CEO's salary is $200,715 and their total compensation is $319,528):
- Compensation: $0
- Related: $0
- Other: $10
- Compensation: $0
- Related: $0
- Other: $10
- Compensation: $0
- Related: $0
- Other: $10
- Compensation: $0
- Related: $0
- Other: $10
- Compensation: $0
- Related: $0
- Other: $10
- Compensation: $0
- Related: $0
- Other: $10
- Compensation: $0
- Related: $0
- Other: $10
- Compensation: $0
- Related: $0
- Other: $10
- Compensation: $200,715
- Related: $0
- Other: $118,813
- Compensation: $97,605
- Related: $0
- Other: $84,875
- Compensation: $173,712
- Related: $0
- Other: $111,611
- Compensation: $128,719
- Related: $0
- Other: $102,942
- Compensation: $137,222
- Related: $0
- Other: $54,206
- Compensation: $136,543
- Related: $0
- Other: $52,515
- Compensation: $119,471
- Related: $0
- Other: $49,684
Official website here: www.cordovaelectric.com
Where can I find the form 990 for Cordova Electric Cooperative Inc?
Cordova Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cordovaelectric.com
Learn more at the official website: www.cordovaelectric.com
Mission Statement of Cordova Electric Cooperative Inc
Cordova Electric Cooperative Inc, as a mission-driven organization, is dedicated to serving the electrical utility needs of residential, commercial, and governmental consumers in its area. Its primary objective is to provide reliable and efficient electric utility services to the residents and businesses within its jurisdiction. Revenues generated from the sale of electric energy are utilized to cover the costs of producing electricity and managing the cooperative, ensuring that the service remains accessible and affordable for its clients. By fulfilling this mission, Cordova Electric Cooperative Inc plays a crucial role in supporting the overall infrastructure and daily operations of its community.
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
Cordova Electric Cooperative Inc significantly impacts the community of Cordova, Alaska, by providing reliable electric utility services to residential, commercial, and governmental consumers. The cooperative's operations ensure that the region has access to essential electricity, which is vital for daily living, business operations, and government functions.
By effectively managing the production and sale of electric energy, Cordova Electric Cooperative not only meets the energy needs of its members but also stimulates local economic growth. The revenues generated from electricity sales are reinvested into the cooperative, allowing for continuous improvement in service delivery and infrastructure maintenance.
Furthermore, the cooperative's mission emphasizes its commitment to serving the community, ensuring that all consumers—households, businesses, and local authorities—have access to dependable and affordable electricity. This focus on public benefit enhances the quality of life for residents and supports the overall development of Cordova as a thriving community.
This information is meant to be a general summary of Cordova 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: $17,358
- Program Service Revenue: $8,427,098
- Gross Receipts: $8,577,399
Assets and Liabilities:
- Total Assets: $37,022,330
- Total Liabilities: $17,933,774
- Net Assets: $19,088,556
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.
ELECTRIC ENERGY REVENU
Revenue
$8,180,893
PATRONAGE
Revenue
$246,205
Organization Details
Founding Year
1978
Phone
(907) 424-5555Principal Officer
Clay Koplin
Main Address
PO BOX 20, CORDOVA, AK, 99574
Website
www.cordovaelectric.comNTEE Category
Code: W80 - Public benefit
If you are a representative of Cordova 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.