Intercounty Electric Cooperative Association

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

EIN: 440296100 ✦ Licking, MO ✦ Designated as a 501(c)(12)

Overview

What is Intercounty Electric Cooperative Association?

Intercounty Electric Cooperative Association is a nonprofit organization based in Licking, Missouri, specifically at 102 Maple Avenue, with approximately 125 employees. Their primary mission is to deliver dependable electric service to around 24,000 residential, farm, and commercial members residing in parts of Dent, Phelps, Texas, Crawford, Gasconade, Laclede, Maries, Pulaski, Shannon, and Wright counties. The cooperative not only sells electricity but also offers related services and education to its members. Additionally, Intercounty Electric Cooperative Association focuses on promoting electrical safety and energy efficiencies.


Official website here: www.ieca.coop

Is Intercounty Electric Cooperative Association legitimate?

Intercounty Electric Cooperative Association is a legitimate nonprofit organization registered as a 501(c)(12) entity. Intercounty Electric Cooperative Association 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: $1,327,018
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,639,171

For more financial information, click here


Official website here: www.ieca.coop

What is the mission statement of Intercounty Electric Cooperative Association?

The Intercounty Electric Cooperative Association is dedicated to providing electric services to its cooperative members. Their mission encompasses the sale of electricity and related services, ensuring dependable energy to approximately 24,000 residential, farm, and commercial members. In addition to electricity provision, the cooperative offers educational resources on electrical safety and energy efficiencies.


Official website here: www.ieca.coop

Who is the CEO of Intercounty Electric Cooperative Association?

Charles D Lane is the Vice President of Intercounty Electric Cooperative Association. The CEO's salary of Intercounty Electric Cooperative Association is $202,597 and their total compensation is $344,390.


Official website here: www.ieca.coop

What is the revenue of Intercounty Electric Cooperative Association?

Intercounty Electric Cooperative Association's revenue in 2022 was $63,855,241.


Official website here: www.ieca.coop

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

The average compensation at Intercounty Electric Cooperative Association during 2022 was $47,730. There are 125 employees at Intercounty Electric Cooperative Association.

Here are 19 key members and their salaries (Intercounty Electric Cooperative Association's CEO's salary is $202,597 and their total compensation is $344,390):

    Charles D Lane (Ceo)
  • Compensation: $202,597
  • Related: $0
  • Other: $141,793

    • Larry Rinehart (Construction Foreman)
  • Compensation: $138,739
  • Related: $0
  • Other: $116,307

    • Brian Nelson (Director Of Engineering)
  • Compensation: $131,069
  • Related: $0
  • Other: $118,625

    • Charles Hicks (Fmr Director Of Operations)
  • Compensation: $126,259
  • Related: $0
  • Other: $52,082

    • Sarah Akers (Director Of Finance And Ac)
  • Compensation: $129,090
  • Related: $0
  • Other: $42,724

    • Troy Hunt (District Superintendent)
  • Compensation: $116,970
  • Related: $0
  • Other: $48,028

    • Brandon Schmitt (Bucket Truck Operator)
  • Compensation: $115,086
  • Related: $0
  • Other: $37,507

    • Billy L Cordsmeyer (Director Of Operations)
  • Compensation: $111,354
  • Related: $0
  • Other: $29,283

    • Matthew Duncan (President) [Trustee/Director]
  • Compensation: $33,777
  • Related: $8,859
  • Other: $0

    • Samuel Auxier (Vice President) [Trustee/Director]
  • Compensation: $36,102
  • Related: $0
  • Other: $0

    • Angela Mallery (Board Member) [Trustee/Director]
  • Compensation: $30,552
  • Related: $0
  • Other: $0

    • James Swindell (Board Member) [Trustee/Director]
  • Compensation: $30,102
  • Related: $0
  • Other: $0

    • Tom Fleener (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $26,003
  • Related: $0
  • Other: $0

    • Doyle Bradford (Board Member) [Trustee/Director]
  • Compensation: $25,403
  • Related: $0
  • Other: $0

    • Michael Smith (Board Member) [Trustee/Director]
  • Compensation: $23,153
  • Related: $0
  • Other: $0

    • James White (Former Board Member)
  • Compensation: $11,876
  • Related: $7,507
  • Other: $0

    • Charles Manier (Board Member) [Trustee/Director]
  • Compensation: $13,655
  • Related: $0
  • Other: $0

    • Regina Zervos (Board Member) [Trustee/Director]
  • Compensation: $12,755
  • Related: $0
  • Other: $0

    • Richard Ichord Iii (Former Board Member)
  • Compensation: $12,476
  • Related: $0
  • Other: $0


  • Official website here: www.ieca.coop

    Where can I find the form 990 for Intercounty Electric Cooperative Association?

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


    Official website here: www.ieca.coop

    Learn more at the official website: www.ieca.coop

    Mission Statement of Intercounty Electric Cooperative Association

    Intercounty Electric Cooperative Association, a cooperative dedicated to providing electricity and related services, aims to serve approximately 24,000 residential, farm, and commercial members in various counties. The organization is committed to delivering dependable electric service, going beyond just selling electricity. In addition to its primary mission, Intercounty Electric Cooperative Association is also dedicated to promoting electrical safety and energy efficiencies among its members.

    By focusing on both energy delivery and related educational initiatives, Intercounty Electric Cooperative Association sets itself apart as a cooperative that prioritizes the well-being of its members. Through its dedication to providing reliable electricity, the cooperative ensures that the communities it serves can thrive and grow. Moreover, its commitment to sharing knowledge about electrical safety and energy efficiency empowers members to make informed choices and save on energy costs.

    Intercounty Electric Cooperative Association's mission is not only about business transactions but also about creating a sustainable and informed community. By providing essential services and essential knowledge, the cooperative fosters a strong connection with its members and contributes to the overall well-being of the regions it serves.

    Impact

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




    Thursday, August 15, 2024

    Intercounty Electric Cooperative Association's impact is significant as it provides dependable electric service to approximately 24,000 residential, farm, and commercial members in multiple counties in Missouri. By ensuring access to electricity, the cooperative plays a crucial role in supporting everyday activities, enhancing quality of life, and powering economic development in the region. Additionally, Intercounty Electric Cooperative Association contributes to the community by offering education on electrical safety and energy efficiencies, empowering its members to make informed decisions about their energy consumption. Overall, the cooperative's efforts benefit both its members and the broader community by providing essential services and promoting sustainable practices.





    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: $198,043
  • Program Service Revenue: $63,026,032
  • Gross Receipts: $63,890,059

    • Assets and Liabilities:
  • Total Assets: $175,726,427
  • Total Liabilities: $98,348,735
  • Net Assets: $77,377,692
  • Programs

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

    SALE OF ELECTRICITY

    Revenue

    $62,971,600

    OTHER OPERATING REVENUE

    Revenue

    $1,054,432

    LESS REVENUE DEFERRED

    Revenue

    $-1,000,000

    Organization Details

    Founding Year

    1936

    Principal Officer

    Charles D Lane

    Main Address

    102 MAPLE AVENUE, LICKING, MO, 65542

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Intercounty Electric Cooperative Association 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.