Central Florida Electric Cooperative Inc

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

EIN: 590188973 ✦ Chiefland, FL ✦ Designated as a 501(c)(12)

Overview

What is Central Florida Electric Cooperative Inc?

Central Florida Electric Cooperative Inc, headquartered in the community it serves, is a member-owned organization dedicated to delivering dependable electricity to its members at the most affordable prices, while maintaining fiscal and environmental responsibility. As a prominent example of an Electric Cooperative, Central Florida Electric Cooperative prioritizes superior service, competitive pricing, and genuine concern for its consumers, community, and the environment.


Official website here: www.cfec.com

Is Central Florida Electric Cooperative Inc legitimate?

Central Florida Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Central Florida 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: $1,387,521
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.cfec.com

What is the mission statement of Central Florida Electric Cooperative Inc?

Central Florida Electric Cooperative Inc is a member-owned organization dedicated to delivering reliable electric service to its community at affordable rates. The cooperative values fiscal and environmental responsibility in all its actions. Striving to be an exemplary electric cooperative, it prioritizes excellent service, competitive pricing, and consumer, community, and environmental concerns in its day-to-day operations.


Official website here: www.cfec.com

Who is the CEO of Central Florida Electric Cooperative Inc?

Denny George is the Principal Officer of Central Florida Electric Cooperative Inc.


Official website here: www.cfec.com

What is the revenue of Central Florida Electric Cooperative Inc?

Central Florida Electric Cooperative Inc's revenue in 2022 was $82,660,488.


Official website here: www.cfec.com

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

The average compensation at Central Florida Electric Cooperative Inc during 2022 was $12,500. There are 111 employees at Central Florida Electric Cooperative Inc.

Here are 20 key members and their salaries:

    Joel D George (Executive Vp/General Manag)
  • Compensation: $295,006
  • Related: $0
  • Other: $81,585

    • Klint Wood (Crew Supervisor)
  • Compensation: $166,446
  • Related: $0
  • Other: $41,425

    • Robert D Krefting (Vp Broadband Finance And Accounting)
  • Compensation: $153,152
  • Related: $0
  • Other: $43,128

    • Kimberly Baxley (Vp, Safety & Human Resources)
  • Compensation: $155,791
  • Related: $0
  • Other: $36,089

    • George Buckner (Chief Information Officer)
  • Compensation: $129,196
  • Related: $0
  • Other: $51,459

    • Travis Smith (Line Technician)
  • Compensation: $139,925
  • Related: $0
  • Other: $36,671

    • Daniel Powell (Engineering Manager)
  • Compensation: $120,675
  • Related: $0
  • Other: $50,136

    • Lester Aldrich (Crew Supervisor)
  • Compensation: $119,541
  • Related: $0
  • Other: $42,973

    • Tony R Wasson (Vp Member Services)
  • Compensation: $115,772
  • Related: $0
  • Other: $45,532

    • Matthew Miller (Crew Supervisor)
  • Compensation: $126,138
  • Related: $0
  • Other: $32,700

    • Justin D Jones (Chief Financial Officer)
  • Compensation: $91,225
  • Related: $0
  • Other: $41,352

    • Alan Mikell (Trustee)
  • Compensation: $23,500
  • Related: $0
  • Other: $0

    • Barbara Townsend (Trustee/Secretary)
  • Compensation: $17,900
  • Related: $0
  • Other: $0

    • James Mccain (Trustee/President)
  • Compensation: $17,650
  • Related: $0
  • Other: $0

    • Kyle Quincey (Trustee)
  • Compensation: $17,334
  • Related: $0
  • Other: $0

    • Carl Roof Sr (Trustee/Vice President)
  • Compensation: $17,200
  • Related: $0
  • Other: $0

    • Houston Markam (Trustee)
  • Compensation: $16,300
  • Related: $0
  • Other: $0

    • Kenneth O'Steen (Trustee)
  • Compensation: $16,300
  • Related: $0
  • Other: $0

    • Donald Lane (Trustee)
  • Compensation: $11,150
  • Related: $0
  • Other: $0

    • Tony Weeks (Trustee)
  • Compensation: $10,900
  • Related: $0
  • Other: $0


  • Official website here: www.cfec.com

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

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


    Official website here: www.cfec.com

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

    Mission Statement of Central Florida Electric Cooperative Inc

    Central Florida Electric Cooperative, Inc. (CFEC) is a community-focused, member-owned organization that prioritizes delivering dependable electrical services to its members at the most affordable rates. Committed to financial and environmental responsibility, CFEC strives to set an exemplary standard as an Electric Cooperative. The cooperative's mission revolves around three guiding principles: excellent service, competitive rates, and prioritizing the needs of the consumer, community, and environment.

    In practice, CFEC consistently works towards providing top-notch electrical services to its members-owners. By maintaining a strong commitment to reliability and affordability, the organization ensures that every household and business under its purview can access the essential power they need. Moreover, CFEC's forward-thinking approach to fiscal and environmental responsibility sets it apart. The cooperative diligently manages its resources to ensure long-term sustainability while minimizing the environmental impact of its operations.

    Through its unwavering dedication to the community it serves, CFEC has established itself as a trusted partner for its members. With a mission to be the finest example of an Electric Cooperative, CFEC's every action is guided by its commitment to service, affordability, and the well-being of its members and the environment.

    Impact

    This information is meant to be a general summary of Central Florida 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

    Central Florida Electric Cooperative Inc's impact is significant in providing reliable and affordable electric service to its community members. By being member-owned, the cooperative focuses on ensuring competitive rates and excellent service for its consumers while also prioritizing fiscal responsibility and environmental consciousness. This approach not only benefits the members by keeping costs low but also demonstrates a commitment to the well-being of the community and the environment. Through its mission and actions, Central Florida Electric Cooperative Inc sets a standard for exemplary service and a focus on public benefit in the electric utility sector.





    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: $101,730
  • Program Service Revenue: $82,558,758
  • Gross Receipts: $82,660,488

    • Assets and Liabilities:
  • Total Assets: $182,366,640
  • Total Liabilities: $119,814,088
  • Net Assets: $62,552,552
  • Programs

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

    Sale of Energy

    Revenue

    $81,824,998

    Qualified Pole Rental

    Revenue

    $733,760

    Organization Details

    Founding Year

    1939

    Principal Officer

    Denny George

    Main Address

    PO BOX 9, CHIEFLAND, FL, 326440009

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Central Florida 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.