Overview
What is Lane Electric Cooperative Inc?
Lane Electric Cooperative Inc is a nonprofit organization based in Eugene, Oregon, serving approximately 10,000 members. They provide electric service through wholesale power purchases, maintaining transmission and distribution facilities, and engaging in overall operational activities. With a team of 47 employees, Lane Electric Cooperative ensures the delivery of electricity to its community, contributing to the comfort and functionality of the area.
Official website here: www.laneelectric.com
What are the reviews and ratings of this charity?
Lane Electric Cooperative Inc is not currently rated by Charity Navigator. This absence of a rating stems from its status as a non-501(c)(3) organization, which means it doesn't qualify for Charity Navigator's evaluations, typically aimed at tax-exempt entities that can receive tax-deductible contributions. Historical data for similar entities mainly reflects their Accountability and Finance performance.
Although financial specifics such as revenue, expenses, and key personnel salaries are unavailable, this is largely because Lane Electric Cooperative Inc hasn't filed relevant Form 990 data electronically within the necessary timeframe. Despite these data gaps, this organization operates as an independent entity according to IRS published data, which provides some foundational credibility.
Without user reviews available on GreatNonprofits, there's limited community feedback to provide further insights into the organization's public perception and impact. Therefore, any assessment remains strictly based on the limited structural information from available data.
This AI summary has been generated from information found on Charity Navigator.
Is Lane Electric Cooperative Inc legitimate?
Lane Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Lane 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: $652,850
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,131,736
For more financial information, click here
Official website here: www.laneelectric.com
What is the mission statement of Lane Electric Cooperative Inc?
Lane Electric Cooperative Inc is dedicated to delivering electric service to approximately 10,000 members. Through the wholesale purchase of power and management of transmission and distribution facilities, the cooperative ensures a consistent electricity supply for its community. Their mission encompasses maintaining operational activities to meet the electricity needs of their members effectively. The cooperative's commitment extends beyond just providing electric service, as they aim to ensure a reliable and efficient energy infrastructure for their community. Additionally, they focus on fostering sustainable energy practices and collaborating with industry partners to explore innovative solutions for future energy needs.
Official website here: www.laneelectric.com
Who is the CEO of Lane Electric Cooperative Inc?
Debora D Wilson is the President of Lane Electric Cooperative Inc.
Official website here: www.laneelectric.com
What is the revenue of Lane Electric Cooperative Inc?
Lane Electric Cooperative Inc's revenue in 2022 was $29,293,150.
Official website here: www.laneelectric.com
Who are the executives of Lane Electric Cooperative Inc and what are their salaries?
The average compensation at Lane Electric Cooperative Inc during 2022 was $37,970. There are 47 employees at Lane Electric Cooperative Inc.
Here are 16 key members and their salaries:
- Compensation: $20,575
- Related: $0
- Other: $0
- Compensation: $14,100
- Related: $0
- Other: $0
- Compensation: $1,700
- Related: $0
- Other: $0
- Compensation: $16,700
- Related: $0
- Other: $0
- Compensation: $3,700
- Related: $0
- Other: $0
- Compensation: $18,475
- Related: $0
- Other: $0
- Compensation: $17,975
- Related: $0
- Other: $0
- Compensation: $8,750
- Related: $0
- Other: $0
- Compensation: $5,850
- Related: $0
- Other: $0
- Compensation: $262,372
- Related: $0
- Other: $14,213
- Compensation: $227,035
- Related: $0
- Other: $41,405
- Compensation: $198,849
- Related: $0
- Other: $59,077
- Compensation: $177,294
- Related: $0
- Other: $74,176
- Compensation: $204,186
- Related: $0
- Other: $75,394
- Compensation: $161,704
- Related: $0
- Other: $63,776
- Compensation: $152,282
- Related: $0
- Other: $72,823
Official website here: www.laneelectric.com
Where can I find the form 990 for Lane Electric Cooperative Inc?
Lane Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.laneelectric.com
Learn more at the official website: www.laneelectric.com
Mission Statement of Lane Electric Cooperative Inc
Lane Electric Cooperative Inc is a dedicated organization that provides electric service to approximately 10,000 members. Through wholesale power purchases, meticulous maintenance of transmission and distribution facilities, and overseeing operational activities, Lane Electric Cooperative ensures that electricity is consistently delivered to its members. The cooperative's primary focus is on supplying reliable electric service to its community, ensuring that homes and businesses have access to the essential energy they need to thrive. With a commitment to excellence and a member-centric approach, Lane Electric Cooperative plays a vital role in powering the lives of thousands of individuals and families.
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
Lane Electric Cooperative Inc significantly impacts its community by providing reliable electric service to approximately 10,000 members in Eugene, Oregon. The cooperative ensures a consistent power supply through strategic wholesale power purchases and the maintenance of essential transmission and distribution facilities. This commitment to operational excellence not only supports everyday living but also fosters economic growth and stability in the region. By prioritizing the needs of its members, Lane Electric Cooperative enhances the overall quality of life and contributes to the sustainable development of the local community.
This information is meant to be a general summary of Lane 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: $42,378
- Program Service Revenue: $28,985,238
- Gross Receipts: $29,310,838
Assets and Liabilities:
- Total Assets: $84,464,864
- Total Liabilities: $46,016,335
- Net Assets: $38,448,529
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.
OPERATING REVENUE
Revenue
$28,797,013
POLE RENTAL
Revenue
$188,225
Organization Details
Founding Year
1939
Phone
(541) 484-1151Principal Officer
Debora D Wilson
Main Address
787 BAILEY HILL RD, EUGENE, OR, 97402
Website
www.laneelectric.comNTEE Category
Code: W80 - Public benefit
If you are a representative of Lane 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.