Clarke Electric Cooperative Inc

Clarke Electrtic Cooperative Inc

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

EIN: 420243366 ✦ Osceola, IA ✦ Designated as a 501(c)(12)

Overview

What is Clarke Electric Cooperative Inc?

Clarke Electric Cooperative Inc, based in Osceola, Iowa, is a public utility company dedicated to providing electricity to its member community. This nonprofit organization's primary mission is to distribute electrical power, ensuring households and businesses have access to reliable energy sources. The cooperative's activities are focused on serving its members, making it an essential part of the local infrastructure.


Official website here: www.cecnet.net

Is Clarke Electric Cooperative Inc legitimate?

Clarke Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Clarke 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: $262,842
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,182,455

For more financial information, click here


Official website here: www.cecnet.net

What is the mission statement of Clarke Electric Cooperative Inc?

Clarke Electric Cooperative is a utility company committed to delivering electricity to its member base. Based in Iowa, this organization serves as a vital energy provider. Its mission lies in the distribution of electricity, ensuring homes and businesses are connected and powered. The cooperative is dedicated to reliable energy services, maintaining the infrastructure necessary to facilitate consistent power flow. Additionally, the cooperative may engage in community initiatives and collaborations to promote energy efficiency and sustainability.


Official website here: www.cecnet.net

Who is the CEO of Clarke Electric Cooperative Inc?

David Opie is the General Manager of Clarke Electric Cooperative Inc.


Official website here: www.cecnet.net

What is the revenue of Clarke Electric Cooperative Inc?

Clarke Electric Cooperative Inc's revenue in 2022 was $14,695,333.


Official website here: www.cecnet.net

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

The average compensation at Clarke Electric Cooperative Inc during 2022 was $57,812. There are 25 employees at Clarke Electric Cooperative Inc.

Here are 15 key members and their salaries:

    David Opie (General Manager)
  • Compensation: $162,075
  • Related: $0
  • Other: $61,567

    • Brad Wilson (Manager Of Engineering)
  • Compensation: $131,092
  • Related: $0
  • Other: $53,364

    • Chad Mcintosh (Manager Of Operations)
  • Compensation: $108,375
  • Related: $0
  • Other: $49,347

    • Sam Walkup (Manager Of Finance)
  • Compensation: $100,212
  • Related: $0
  • Other: $43,935

    • Adam Mccuddin (Journeyman)
  • Compensation: $100,812
  • Related: $0
  • Other: $26,267

    • W Edward White (President) [Trustee/Director]
  • Compensation: $7,350
  • Related: $0
  • Other: $0

    • Larry Jackson (Director)
  • Compensation: $6,625
  • Related: $0
  • Other: $0

    • Cody Miller (Director)
  • Compensation: $5,825
  • Related: $0
  • Other: $0

    • Randy Barnard (Assistant Sec/Treasurer) [Trustee/Director]
  • Compensation: $4,975
  • Related: $0
  • Other: $0

    • Lydda Youmans (Treasurer) [Trustee/Director]
  • Compensation: $4,650
  • Related: $0
  • Other: $0

    • Larry Keller (Secretary) [Trustee/Director]
  • Compensation: $3,950
  • Related: $0
  • Other: $0

    • Maren Kelso (Director)
  • Compensation: $3,925
  • Related: $0
  • Other: $0

    • Randy Rouse (Vice President) [Trustee/Director]
  • Compensation: $3,400
  • Related: $0
  • Other: $0

    • Natalie Rydl (Director)
  • Compensation: $2,250
  • Related: $0
  • Other: $0

    • William Willis (Director - Deceased In 2022)
  • Compensation: $250
  • Related: $0
  • Other: $0


  • Official website here: www.cecnet.net

    Where can I find the form 990 for Clarke Electric Cooperative Inc?

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


    Official website here: www.cecnet.net

    Learn more at the official website: www.cecnet.net

    Mission Statement of Clarke Electric Cooperative Inc

    Clarke Electric Cooperative, a public utility organization, is dedicated to the distribution of electricity to its members. Based in Osceola, Iowa, this cooperative plays a vital role in providing electricity to its community.

    In simpler terms, Clarke Electric Cooperative's mission is to ensure a steady flow of electricity reaches the homes and businesses of its members. As a cooperative, it operates with a member-centric approach, putting the needs and wellbeing of its customers at the forefront of its operations. The organization's primary focus is on reliable electricity distribution, ensuring that its members have uninterrupted access to this essential resource.

    Clarke Electric Cooperative's efforts extend beyond just the distribution of electricity. By being a public utility, it assumes a responsibility to serve its members effectively and efficiently. Through its operations, the cooperative strives to improve the overall quality of life for its members, enhancing their living and working environments through the provision of dependable electricity services.

    The cooperative's commitment to its members is unwavering, as it works diligently to maintain and upgrade its electrical infrastructure. This dedication to excellence ensures that Clarke Electric Cooperative remains a trusted and reliable partner in providing essential electricity services to its members.

    Impact

    This information is meant to be a general summary of Clarke 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

    Clarke Electric Cooperative Inc has a significant impact on its community by providing essential electric services to its members in Osceola, IA. By distributing electricity, the cooperative ensures that residents have access to a vital resource for their daily lives, businesses, and economic activities. Through its operations, Clarke Electric Cooperative contributes to the overall well-being and development of the local area by supporting households and businesses with reliable power supply. This impact is crucial in sustaining the infrastructure and livelihoods of the community it serves.





    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: $32,065
  • Program Service Revenue: $14,617,865
  • Gross Receipts: $14,695,333

    • Assets and Liabilities:
  • Total Assets: $44,657,003
  • Total Liabilities: $25,823,529
  • Net Assets: $18,833,474
  • Programs

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

    DISTRIBUTE ELECTRICITY TO MEMBERS

    Revenue

    $14,360,510

    CAPITAL CREDITS

    Revenue

    $257,355

    Organization Details

    Founding Year

    1939

    Principal Officer

    David Opie

    Main Address

    PO BOX 161, OSCEOLA, IA, 50213

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Clarke 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.