Jackson Electric Cooperative

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 390370662 ✦ Blk river fls, WI ✦ Designated as a 501(c)(12)

Overview

What is Jackson Electric Cooperative?

Jackson Electric Cooperative is a nonprofit organization located in the rural areas of six counties in west central Wisconsin. Their primary mission is to distribute electricity to the residents in these regions. With a team of 22 dedicated employees, they ensure reliable electricity access to rural parts of Jackson County and select areas in five other counties. The cooperative's purpose is to enhance the quality of life for rural residents by providing essential electric services.


Official website here: www.jackelec.com

Is Jackson Electric Cooperative legitimate?

Jackson Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Jackson Electric Cooperative 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: $746,527
Professional Fundraising Fees: $0
Other Salaries and Wages: $363,331

For more financial information, click here


Official website here: www.jackelec.com

What is the mission statement of Jackson Electric Cooperative?

Jackson Electric Cooperative is dedicated to providing electricity to the rural communities in Jackson County and five additional counties in West Central Wisconsin. Its mission revolves around distributing power to these areas, ensuring residents have access to essential energy services. By delivering electricity to these regions, the cooperative plays a vital role in enhancing the livability and comfort of rural homes and businesses. With a focus on rural communities, Jackson Electric Cooperative contributes significantly to improving the quality of life for its members.


Official website here: www.jackelec.com

Who is the CEO of Jackson Electric Cooperative?

Kevin Babcock is the Ceo of Jackson Electric Cooperative. The CEO's salary of Jackson Electric Cooperative is $243,905 and their total compensation is $499,468.


Official website here: www.jackelec.com

What is the revenue of Jackson Electric Cooperative?

Jackson Electric Cooperative's revenue in 2022 was $25,112,932.


Official website here: www.jackelec.com

Who are the executives of Jackson Electric Cooperative and what are their salaries?

The average compensation at Jackson Electric Cooperative during 2022 was $50,448. There are 22 employees at Jackson Electric Cooperative.

Here are 16 key members and their salaries (Jackson Electric Cooperative's CEO's salary is $243,905 and their total compensation is $499,468):

    Kevin Babcock (Ceo)
  • Compensation: $243,905
  • Related: $0
  • Other: $255,563

    • Eric Steien (Line Superintendent)
  • Compensation: $111,199
  • Related: $0
  • Other: $50,272

    • Brian Schultz (Lineman)
  • Compensation: $104,934
  • Related: $0
  • Other: $28,881

    • Hazy Wood (Lineman)
  • Compensation: $106,794
  • Related: $0
  • Other: $20,822

    • Adam Wiedl (Lineman)
  • Compensation: $110,754
  • Related: $0
  • Other: $7,793

    • Gary Woods (Board President) [Trustee/Director]
  • Compensation: $9,013
  • Related: $0
  • Other: $0

    • Jerry Huber (Director)
  • Compensation: $8,263
  • Related: $0
  • Other: $0

    • David Peasley (Board Secretary Treasurer) [Trustee/Director]
  • Compensation: $8,013
  • Related: $0
  • Other: $0

    • Christopher Curran (Board Vice President) [Trustee/Director]
  • Compensation: $7,513
  • Related: $0
  • Other: $0

    • Kristi Hanson (Director)
  • Compensation: $7,513
  • Related: $0
  • Other: $0

    • Brian Huber (Director)
  • Compensation: $7,263
  • Related: $0
  • Other: $0

    • Daniel Smrekar (Director)
  • Compensation: $6,576
  • Related: $0
  • Other: $0

    • Leslie Dokkestul (Director)
  • Compensation: $5,830
  • Related: $0
  • Other: $0

    • Troy Torkelson (Director)
  • Compensation: $5,300
  • Related: $0
  • Other: $0

    • Stanley Gran (Director)
  • Compensation: $1,952
  • Related: $0
  • Other: $0

    • Jerome Wagner (Director)
  • Compensation: $1,705
  • Related: $0
  • Other: $0


  • Official website here: www.jackelec.com

    Where can I find the form 990 for Jackson Electric Cooperative?

    The Jackson Electric Cooperative’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.jackelec.com

    Learn more at the official website: www.jackelec.com

    Mission Statement of Jackson Electric Cooperative

    Jackson Electric Cooperative, a vital nonprofit organization, is dedicated to bringing electricity to rural communities in Jackson County and parts of five neighboring counties in West Central Wisconsin. With a commitment to powering the lives of residents in these areas, the cooperative plays a crucial role in ensuring access to essential utilities that foster economic opportunities and improve overall quality of life.

    Through its mission, Jackson Electric Cooperative extends the reach of electricity distribution to rural parts of the region, enabling residents to enjoy modern conveniences and connect with the wider world. As a not-for-profit entity, it prioritizes community needs and works tirelessly to make electricity accessible to those who might otherwise be underserved by traditional energy providers.

    Jackson Electric Cooperative's efforts are crucial in powering the daily lives of rural households in the six-county region, enabling them to access essential services and maintain a decent standard of living. By providing a stable and reliable electricity supply, the organization helps residents meet their basic needs, fostering a sense of stability and progress that can contribute to long-term growth and development for the communities it serves.

    Impact

    This information is meant to be a general summary of Jackson Electric Cooperative. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Jackson Electric Cooperative's impact is significant as it plays a crucial role in distributing electricity to rural parts of Jackson County and parts of five other counties in West Central Wisconsin. By providing this essential service, Jackson Electric Cooperative contributes to the economic development, quality of life, and overall well-being of the residents in these rural areas. Through their efforts, individuals and communities have access to reliable electricity, enabling them to power their homes, businesses, and essential services. This reliable source of electricity helps improve living standards and supports the growth and sustainability of rural communities in Wisconsin.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $61,776
  • Program Service Revenue: $24,452,227
  • Gross Receipts: $25,405,175

    • Assets and Liabilities:
  • Total Assets: $50,894,200
  • Total Liabilities: $28,025,352
  • Net Assets: $22,868,848
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Electric Revenues

    Revenue

    $23,757,512

    Capital Credit Allocations

    Revenue

    $694,715

    Organization Details

    Founding Year

    1937

    Principal Officer

    Kevin Babcock

    Main Address

    N6868 COUNTY ROAD F, BLK RIVER FLS, WI, 546155709

    NTEE Category

    Code: W50 - Public benefit

    If you are a representative of Jackson Electric Cooperative 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.