Webster Electric Cooperative

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

EIN: 440516670 ✦ Marshfield, MO ✦ Designated as a 501(c)(12)

Overview

What is Webster Electric Cooperative?

Webster Electric Cooperative is a nonprofit organization headquartered in Marshfield, Missouri. With a mission to provide electricity to its members, they served a total of 22,857 active services at the end of the year, distributing power cooperatively and allocating patronage capital. The cooperative, employing 41 individuals, is dedicated to delivering electricity to its community on a cooperative basis.


Official website here: www.websterec.com

Is Webster Electric Cooperative legitimate?

Webster Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Webster 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: $923,946
Professional Fundraising Fees: $0
Other Salaries and Wages: $992,645

For more financial information, click here


Official website here: www.websterec.com

What is the mission statement of Webster Electric Cooperative?

Webster Electric Cooperative operates with a mission to provide electricity to its members in a cooperative manner. This means that the cooperative prioritizes serving its community, with 22,857 active services receiving electricity as a result. Members of the cooperative are given patronage capital as a result of their participation in the cooperative's business. The cooperative's primary focus is on ensuring that its members have reliable access to electricity to support their daily lives. By providing electricity cooperatively, the cooperative fosters a sense of community and partnership among its members.


Official website here: www.websterec.com

Who is the CEO of Webster Electric Cooperative?

Thomas E Houston is the General Mana of Webster Electric Cooperative.


Official website here: www.websterec.com

What is the revenue of Webster Electric Cooperative?

Webster Electric Cooperative's revenue in 2022 was $37,992,455.


Official website here: www.websterec.com

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

The average compensation at Webster Electric Cooperative during 2022 was $46,746. There are 41 employees at Webster Electric Cooperative.

Here are 18 key members and their salaries:

    Thomas E Houston (General Mana)
  • Compensation: $210,990
  • Related: $0
  • Other: $181,282

    • Shannon Beeler (Line Superin)
  • Compensation: $124,432
  • Related: $0
  • Other: $113,635

    • Steven Alexander (Line Foreman)
  • Compensation: $122,823
  • Related: $0
  • Other: $91,703

    • Denise Holdman (Office Manag)
  • Compensation: $106,864
  • Related: $0
  • Other: $92,905

    • Samuel Green (Metertruck L)
  • Compensation: $119,975
  • Related: $0
  • Other: $79,336

    • Dustin Russell (Line Foreman)
  • Compensation: $133,947
  • Related: $0
  • Other: $62,117

    • Eric Holmes (Lead Lineman)
  • Compensation: $121,617
  • Related: $0
  • Other: $74,061

    • Brent Replogle (Lead Lineman)
  • Compensation: $121,433
  • Related: $0
  • Other: $65,637

    • Richard Burlison (Manager Of F)
  • Compensation: $32,149
  • Related: $0
  • Other: $14,889

    • Lloyd Gunter (Board Member) [Trustee/Director]
  • Compensation: $9,500
  • Related: $0
  • Other: $0

    • Clarence Wayne Plunkett (President) [Trustee/Director]
  • Compensation: $7,700
  • Related: $0
  • Other: $0

    • Mona Jackson (Board Member) [Trustee/Director]
  • Compensation: $5,800
  • Related: $0
  • Other: $0

    • Susan Newcomb (Board Member) [Trustee/Director]
  • Compensation: $5,800
  • Related: $0
  • Other: $0

    • Alan Thomas (Board Member) [Trustee/Director]
  • Compensation: $5,100
  • Related: $0
  • Other: $0

    • Kendall Galloway (Vice-Preside) [Trustee/Director]
  • Compensation: $4,800
  • Related: $0
  • Other: $0

    • Gary Ballard (Board Member) [Trustee/Director]
  • Compensation: $3,100
  • Related: $0
  • Other: $0

    • Jon Cartwright (Secretary/Tr) [Trustee/Director]
  • Compensation: $2,700
  • Related: $0
  • Other: $0

    • Billy Johnston (Board Member) [Trustee/Director]
  • Compensation: $2,300
  • Related: $0
  • Other: $0


  • Official website here: www.websterec.com

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

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


    Official website here: www.websterec.com

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

    Mission Statement of Webster Electric Cooperative

    Webster Electric Cooperative, with its mission to provide electricity to its members on a cooperative basis, strives to power the lives of countless households. The cooperative, headquartered in [undisclosed location], is dedicated to delivering essential energy services to its 22,857 active members at the end of the year.

    With a strong commitment to its community, Webster Electric Cooperative goes beyond the mere provision of electricity. The cooperative extends its reach by allocating patronage capital to its members, which is a testament to its cooperative spirit. The organization's efforts are geared towards ensuring its members have reliable access to electricity, empowering them to lead better lives in their homes and communities.

    Impact

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




    Thursday, August 15, 2024

    Webster Electric Cooperative's impact lies in its provision of electricity to its members on a cooperative basis. With a mission to provide electricity to its members, Webster Electric Cooperative serves 22,857 active services as of the year-end. By allocating patronage capital and operating as a cooperative, this organization plays a vital role in ensuring reliable access to electricity for its members in the community of Marshfield, Missouri.





    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: $477,993
  • Program Service Revenue: $35,879,314
  • Gross Receipts: $38,147,981

    • Assets and Liabilities:
  • Total Assets: $85,233,257
  • Total Liabilities: $42,279,011
  • Net Assets: $42,954,246
  • Programs

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

    PROGRAM SERVICE REVEUE

    Revenue

    $35,590,061

    PATRONAGE DIVIDENDS

    Revenue

    $289,253

    Organization Details

    Founding Year

    1946

    Principal Officer

    Thomas E Houston

    Main Address

    PO BOX 87, MARSHFIELD, MO, 65706

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Webster 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.