Overview
What is Vermont Electric Cooperative Inc?
Vermont Electric Cooperative Inc, located at 42 WESCOM ROAD, Johnson, VT, 05656, is a member-owned, not-for-profit electric utility. With a workforce of 114 employees, their mission is to ensure the delivery of safe, dependable, and affordable energy services to approximately 40,480 metered accounts. The cooperative, which generates sales of approximately 462,000 MWhs, is committed to providing essential electric power to its members.
Official website here: www.vermontelectric.coop
Is Vermont Electric Cooperative Inc legitimate?
Vermont Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Vermont 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $777,929
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,630,143
For more financial information, click here
Official website here: www.vermontelectric.coop
What is the mission statement of Vermont Electric Cooperative Inc?
Vermont Electric Cooperative Inc is a member-owned not-for-profit utility with a mission to deliver safe, affordable, and dependable energy services to its Member base. The cooperative prioritizes ensuring a consistent electric supply to around 40,480 metered accounts, with annual sales approximating 462,000 MWhs. By keeping energy services accessible and reliable, Vermont Electric Cooperative Inc fosters trust and strong connections with its members.
Official website here: www.vermontelectric.coop
Who is the CEO of Vermont Electric Cooperative Inc?
Rebecca Towne is the Ceo of Vermont Electric Cooperative Inc. The CEO's salary of Vermont Electric Cooperative Inc is $271,629 and their total compensation is $314,703.
Official website here: www.vermontelectric.coop
What is the revenue of Vermont Electric Cooperative Inc?
Vermont Electric Cooperative Inc's revenue in 2022 was $91,765,977.
Official website here: www.vermontelectric.coop
Who are the executives of Vermont Electric Cooperative Inc and what are their salaries?
The average compensation at Vermont Electric Cooperative Inc during 2022 was $82,527. There are 114 employees at Vermont Electric Cooperative Inc.
Here are 21 key members and their salaries (Vermont Electric Cooperative Inc's CEO's salary is $271,629 and their total compensation is $314,703):
- Rebecca Towne (Ceo)
- Mark Hinton (1St Class Li)
- Peter Rossi (Coo)
- Gary Young (1St Class Li)
- Chris Ingalls (1St Class Li)
- Caroline Mashia (Cfo)
- Victoria Brown (General Coun)
- Michael Bursell (Cfo (1/2022-)
- Joshua Mccoy (1St Class Li)
- Paul Lambert (1St Vice Pre) [Trustee/Director]
- Jody Dunklee (Secretary) [Trustee/Director]
- Rich Goggin (President) [Trustee/Director]
- Thomas Bailey (Director)
- Carol Maroni (2Nd Vice Pre) [Trustee/Director]
- John Ward (Treasurer) [Trustee/Director]
- Ken Hoeppner (Director)
- George Lague (Director)
- Mark Woodward (Director)
- Charlie Van Winkle (Director)
- Bonnie Pratt (Director)
- Don Worth (Director)
Official website here: www.vermontelectric.coop
Where can I find the form 990 for Vermont Electric Cooperative Inc?
The Vermont Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.vermontelectric.coop
Learn more at the official website: www.vermontelectric.coop
Mission Statement of Vermont Electric Cooperative Inc
Vermont Electric Cooperative Inc, a member-owned not-for-profit utility, is dedicated to delivering safe, affordable, and dependable energy services to its members. The cooperative's mission is to ensure that every household and business within its reach can access electricity that is both reliable and economical. With approximately 40,480 metered accounts and sales of approximately 462,000 MWh's, Vermont Electric Cooperative Inc plays a vital role in powering the daily lives of its community members.
The cooperative's commitment to safety underpins all its operations. By investing in advanced infrastructure and technology, the organization ensures a consistent power supply, minimizing disruptions and safeguarding the well-being of its members. The cooperative's dedication to affordability is demonstrated through its efforts to keep electricity rates at reasonable levels, allowing its members to manage their energy costs effectively. Lastly, Vermont Electric Cooperative Inc's reliability is a testament to its unwavering commitment to its members. By prioritizing maintenance, upgrades, and emergency response, the cooperative strives to prevent power outages and minimize downtime, ensuring a constant flow of electricity for its community.
Impact
This information is meant to be a general summary of Vermont Electric Cooperative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Vermont Electric Cooperative Inc plays a crucial role in providing reliable electric service to approximately 40,480 metered accounts in Vermont. Through their mission of ensuring safe, affordable, and reliable energy services, they contribute to the well-being and development of the community. By delivering approximately 462,000 MWh of electricity, Vermont Electric Cooperative Inc supports the daily lives and operations of its members, ranging from households to businesses. Their dedication to public benefit underscores their commitment to enhancing the quality of life and economic vitality in the region they serve.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC OPERATING INCOME
Revenue
$83,940,413
NON-OPERATING INCOME
Revenue
$462,045
Organization Details
Founding Year
1938
Phone
(802) 635-2331
Principal Officer
Rebecca Towne
Main Address
42 WESCOM ROAD, JOHNSON, VT, 05656
Website
www.vermontelectric.coop
NTEE Category
Code: W80 - Public benefit
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