Overview
What is Clay Electric Cooperative Inc?
Clay Electric Cooperative Inc is a nonprofit organization based in Keystone Heights, Florida. With a workforce of 524 employees, they focus on providing reliable electric service to consumers in a 15-county area. Their mission goes beyond electricity, aiming to exceed member expectations by delivering excellent customer service alongside competitive rates. The cooperative places great importance on maintaining financial stability to ensure consistent service delivery.
Official website here: www.clayelectric.com
Is Clay Electric Cooperative Inc legitimate?
Clay Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Clay 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: $3,666,222
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,497,108
For more financial information, click here
Official website here: www.clayelectric.com
What is the mission statement of Clay Electric Cooperative Inc?
Clay Electric Cooperative Inc strives to surpass its members' expectations by delivering exceptional customer service and dependable electric services at competitive rates. The cooperative prioritizes the financial stability of the organization to ensure the provision of these services. Their mission is to meet and exceed the needs of their consumers, maintaining a strong and reliable electric service for the community. The cooperative's commitment extends beyond just supplying power, focusing on providing value to its members and sustaining the financial health of the cooperative.
Official website here: www.clayelectric.com
Who is the CEO of Clay Electric Cooperative Inc?
Richard K Davis is the Trustee - Treasurer of Clay Electric Cooperative Inc. The CEO's salary of Clay Electric Cooperative Inc is $724,405 and their total compensation is $851,948.
Official website here: www.clayelectric.com
What is the revenue of Clay Electric Cooperative Inc?
Clay Electric Cooperative Inc's revenue in 2022 was $477,827,474.
Official website here: www.clayelectric.com
Who are the executives of Clay Electric Cooperative Inc and what are their salaries?
The average compensation at Clay Electric Cooperative Inc during 2022 was $17,487. There are 524 employees at Clay Electric Cooperative Inc.
Here are 24 key members and their salaries (Clay Electric Cooperative Inc's CEO's salary is $724,405 and their total compensation is $851,948):
- Richard K Davis (General Manager/Ceo)
- Donald J Williams (Chief Officer Corp Svcs)
- Sanford M Maxwell (Chief Financial Officer)
- Derick Thomas (Chief Public Relations Off)
- Daniel B Gunter (Director Of Operations)
- Christopher E Bryan (Division Manager-Engineeri)
- Mark A Townsend (Division Manager-T&D Const)
- Troy Adams (District Manager-Gv/Lc)
- Louie A Chaff (District Manager-Op)
- Cheryl Rodgers (Chief Audit Officer)
- Brent Richardson (Chief Information Officer)
- Tobias Moss (Chief Information Officer)
- William D Hembree (District Manager-Pk/Ss)
- Frank Holmes (Chief Operating Officer)
- Dale R Furlong (District Manager-Khd)
- Kelley R Smith Jr (Trustee - Secretary)
- John H Whitehead (Trustee)
- Susan S Reeves (Trustee)
- Karen Hastings (Trustee - Vice President)
- Joseph C Malphurs (Trustee - President)
- James D Wilson (Trustee)
- Joann R Smith (Trustee)
- Clyde D Hersey (Trustee - Treasurer)
- Carl F Hagglund (Trustee)
Official website here: www.clayelectric.com
Where can I find the form 990 for Clay Electric Cooperative Inc?
The Clay Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.clayelectric.com
Learn more at the official website: www.clayelectric.com
Mission Statement of Clay Electric Cooperative Inc
Clay Electric Cooperative Inc strives to surpass the demands of its members by delivering exceptional customer service and dependable electric services at affordable rates. This nonprofit organization is dedicated to ensuring the financial stability of the cooperative while catering to the electricity needs of consumers in a 15-county area.
By providing top-notch customer service, Clay Electric Cooperative Inc aims to meet and exceed the expectations of its members. The cooperative understands the importance of reliable electric service in everyday life and works tirelessly to ensure uninterrupted power supply. Furthermore, by offering competitive rates, the organization makes electric services accessible to a wide range of consumers, enabling them to power their homes and businesses effectively.
At the heart of Clay Electric Cooperative Inc's mission is the commitment to maintaining financial stability. This ensures the cooperative's ability to continue providing reliable electric services and excellent customer care to its members, even in the face of economic challenges. By focusing on both service delivery and financial sustainability, the organization has become a trusted partner for electric services in the communities it serves.
Impact
This information is meant to be a general summary of Clay 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
Clay Electric Cooperative Inc's impact can be seen in its commitment to providing excellent customer service and reliable electric services at competitive rates to consumers in a 15-county area. By prioritizing the needs and expectations of its members, the cooperative plays a vital role in ensuring access to essential electricity services while maintaining financial stability. This dedication not only enhances the quality of life for individuals in the community but also contributes to the overall economic development and growth of the 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.
ELECTRICITY SALES
Revenue
$464,990,317
PATRONAGE CAPITAL
Revenue
$8,380,005
POLE RENTAL
Revenue
$3,447,907
PROGRAM INTEREST
Revenue
$272,654
MERCHANDISING REVENUE
Revenue
$101,870
Organization Details
Founding Year
1937
Phone
(352) 473-8000
Principal Officer
Richard K Davis
Main Address
PO BOX 308, KEYSTONE HEIGHTS, FL, 32656
Website
www.clayelectric.com
NTEE Category
Code: W80 - Public benefit
If you are a representative of Clay 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.