Overview
What is Inn Electric Cooperative Inc?
Inn Electric Cooperative Inc is a nonprofit organization situated in Anchorage, Alaska, specifically at PO Box 240114. Their primary mission is to generate and sell electrical energy, ensuring power supply to the communities of Iliamna, Newhalen, and Nondalton in Alaska. With a dedicated workforce of ten individuals, Inn Electric Cooperative Inc plays a crucial role in providing essential energy services to these communities, contributing to their overall wellbeing and development.
Official website here: www.innelectric.com
Is Inn Electric Cooperative Inc legitimate?
Inn Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Inn 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: $322,218
Professional Fundraising Fees: $0
Other Salaries and Wages: $68,566
For more financial information, click here
Official website here: www.innelectric.com
What is the mission statement of Inn Electric Cooperative Inc?
Inn Electric Cooperative Inc's primary function is to generate and distribute electrical energy to the communities of Iliamna, Newhalen, and Nondalton, Alaska. This mission is centered around ensuring a reliable source of power for these communities, serving as their primary electrical energy provider. The cooperative's activities revolve around the production and distribution of electricity, meeting the energy needs of these Alaskan communities.
Official website here: www.innelectric.com
Who is the CEO of Inn Electric Cooperative Inc?
George Hornberger is the General Manager/Ceo of Inn Electric Cooperative Inc. The CEO's salary of Inn Electric Cooperative Inc is $130,000 and their total compensation is $157,109.
Official website here: www.innelectric.com
What is the revenue of Inn Electric Cooperative Inc?
Inn Electric Cooperative Inc's revenue in 2022 was $1,577,164.
Official website here: www.innelectric.com
Who are the executives of Inn Electric Cooperative Inc and what are their salaries?
The average compensation at Inn Electric Cooperative Inc during 2022 was $39,078. There are 10 employees and 5 volunteers at Inn Electric Cooperative Inc.
Here are 7 key members and their salaries (Inn Electric Cooperative Inc's CEO's salary is $130,000 and their total compensation is $157,109):
- Compensation: $130,000
- Related: $0
- Other: $27,109
- Compensation: $130,000
- Related: $0
- Other: $27,109
- Compensation: $1,750
- Related: $0
- Other: $0
- Compensation: $1,750
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
Official website here: www.innelectric.com
Where can I find the form 990 for Inn Electric Cooperative Inc?
Inn Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.innelectric.com
Learn more at the official website: www.innelectric.com
Mission Statement of Inn Electric Cooperative Inc
Inn Electric Cooperative Inc, as per its mission, is dedicated to producing and distributing electrical energy to the communities of Iliamna, Newhalen, and Nondalton, Alaska. This cooperative plays a vital role in ensuring a reliable source of power for these communities, enabling them to maintain their daily lives and activities. By generating and selling electrical energy, Inn Electric Cooperative Inc contributes to the overall well-being and development of these communities, providing them with the necessary power for various purposes.
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Impact
October, 2024
Inn Electric Cooperative Inc plays a crucial role in providing reliable electrical energy to the communities of Iliamna, Newhalen, and Nondalton, Alaska. By focusing on the generation and sales of electrical energy, the cooperative ensures that residents have access to essential power services, supporting everyday activities and local businesses. This access enhances the quality of life, promotes economic growth, and fosters community development in remote areas. The cooperative’s dedication to serving these communities reflects a commitment to improving living conditions and empowering local residents through the availability of vital energy resources.
This information is meant to be a general summary of Inn 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: $32,817
- Program Service Revenue: $1,505,527
- Gross Receipts: $2,733,065
Assets and Liabilities:
- Total Assets: $12,435,304
- Total Liabilities: $6,797,956
- Net Assets: $5,637,348
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF ELECTRICITY
Revenue
$1,505,527
Organization Details
Founding Year
1983
Phone
(907) 246-4325Principal Officer
George Hornberger
Main Address
PO Box 240114, Anchorage, AK, 99524
Website
www.innelectric.comNTEE Category
Code: W80 - Public benefit
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