Overview
What is Choptank Electric Cooperative Inc?
Choptank Electric Cooperative Inc, a Maryland-based organization with a workforce of 172 employees, is dedicated to providing dependable and economical electricity to enhance the living standards of its member-owners. Committed to exceptional service, this cooperative adheres to seven cooperative principles. Among its significant initiatives, Choptank Electric Cooperative invests heavily in the cost of power, depreciation, and salaries and wages, allocating 93.65 million, 16.29 million, and 14.17 million dollars, respectively.
Official website here: www.choptankelectric.coop
Is Choptank Electric Cooperative Inc legitimate?
Choptank Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Choptank 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: $2,907,038
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,169,220
For more financial information, click here
Official website here: www.choptankelectric.coop
What is the mission statement of Choptank Electric Cooperative Inc?
Choptank Electric Cooperative (CEC) is dedicated to delivering reliable and cost-effective electricity to enhance the living standards of its member-owners. Committed to service excellence, CEC operates in accordance with the seven cooperative principles. The cooperative prioritizes providing electricity that significantly improves the quality of life for its members. CEC's mission extends beyond electricity, as it strives for superior customer service to meet the unique needs of its members. The cooperative invests in essential infrastructure and personnel, with substantial investments in the cost of power, depreciation, and salaries and wages.
Official website here: www.choptankelectric.coop
Who is the CEO of Choptank Electric Cooperative Inc?
Micheal E Malandro is the President & of Choptank Electric Cooperative Inc.
Official website here: www.choptankelectric.coop
What is the revenue of Choptank Electric Cooperative Inc?
Choptank Electric Cooperative Inc's revenue in 2022 was $164,513,922.
Official website here: www.choptankelectric.coop
Who are the executives of Choptank Electric Cooperative Inc and what are their salaries?
The average compensation at Choptank Electric Cooperative Inc during 2022 was $99,281. There are 172 employees at Choptank Electric Cooperative Inc.
Here are 23 key members and their salaries:
- Micheal E Malandro (President &)
- Timothy Mcgaha (Vp Tech Serv)
- Lance Lockerman (Vp Operation)
- Lisa Desantis (Vp & Cfo)
- Leroy Sverduk (Vp Engineeri)
- Paula J Bishop (Vp H.R.)
- Sarah M Dahl (Vp General C)
- Valerie Connelly (Vp Gov. Affa)
- Shawn Sparks (Mgr Operatio)
- Curtis Short (Mgr District)
- Charles Gleaton Jr (Chief Engine)
- Nathan Schreppler (Chief Engine)
- Robert Dean (Mgr Distrct)
- Jeffrey D Rathell Sr (Chairman) [Trustee/Director]
- Donna R West (Director)
- Craig N Mathies (Director)
- John J Burke Jr (Vice Chairma) [Trustee/Director]
- Robert E Arnold (Secretary) [Trustee/Director]
- Amy I Brandt (Director)
- Matthew R Holloway (Director)
- Douglas D Scott (Secretary/Tr) [Trustee/Director]
- Olin S Davis Iii (Director)
- Robert B Thompson (Director)
Official website here: www.choptankelectric.coop
Where can I find the form 990 for Choptank Electric Cooperative Inc?
The Choptank Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.choptankelectric.coop
Learn more at the official website: www.choptankelectric.coop
Mission Statement of Choptank Electric Cooperative Inc
Choptank Electric Cooperative (CEC) is a dedicated organization that strives to improve the quality of life for its member-owners by providing reliable and cost-effective electricity. The cooperative is firmly committed to service excellence, guided by the seven cooperative principles. At its core, CEC's mission is to deliver dependable power that enhances the daily lives of its members. The cooperative's primary focus is on ensuring a consistent power supply, allowing its members to enjoy the benefits of electricity without interruption or excessive costs. By prioritizing reliability and affordability, Choptank Electric Cooperative contributes significantly to the well-being of its members and community. The three largest program services of CEC, as indicated by expenses, include the cost of power, depreciation, and other salaries and wages. These investments reflect the cooperative's dedication to maintaining a robust electric infrastructure and supporting its workforce in pursuit of its mission.
Impact
This information is meant to be a general summary of Choptank 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
Choptank Electric Cooperative Inc's impact is significant in providing reliable and cost-effective electricity that improves the quality of life for its member-owners. The cooperative is committed to service excellence guided by the seven cooperative principles. Its mission is to ensure access to affordable and dependable electricity, contributing to the well-being and development of the community it serves. Through programs and services focused on delivering essential power solutions, Choptank Electric Cooperative Inc plays a vital role in enhancing the economic and social landscape of its region.
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.
SALE AND DIST. OF ELECTR
Revenue
$159,583,311
CONTRIB IN AID OF CONST
Revenue
$3,148,181
PATRONAGE ALLOC RECEIVED
Revenue
$1,684,110
Organization Details
Founding Year
1938
Phone
(410) 479-0420
Principal Officer
Micheal E Malandro
Main Address
10384 RIVER ROAD, DENTON, MD, 21629
Website
www.choptankelectric.coop
NTEE Category
Code: W80 - Public benefit
If you are a representative of Choptank 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.