Florida Keys Electric Cooperative Association Inc

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

EIN: 590247095 ✦ Tavernier, FL ✦ Designated as a 501(c)(12)

Overview

What is Florida Keys Electric Cooperative Association Inc?

Florida Keys Electric Cooperative Association Inc is a nonprofit organization headquartered at 91630 Overseas Hwy, Tavernier, FL 33070. Established with a mission to provide quality and reliable electric service to its cooperative members, the association ended the previous year with 34,140 active services. The cooperative is dedicated to offering excellent customer service through top-notch electric service reliability, affordable rates, teamwork among employees, and a strong commitment to integrity in all its endeavors. The cooperative's responsibility extends beyond electricity allocation, as it also allocates patronage capital on a cooperative basis.


Official website here: www.fkec.com

Is Florida Keys Electric Cooperative Association Inc legitimate?

Florida Keys Electric Cooperative Association Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Florida Keys Electric Cooperative Association 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: $1,548,766
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,799,073

For more financial information, click here


Official website here: www.fkec.com

What is the mission statement of Florida Keys Electric Cooperative Association Inc?

The Florida Keys Electric Cooperative Association Inc is dedicated to delivering top-notch electric service to its cooperative members. The cooperative's mission is to provide excellent and innovative customer service, ensuring reliable electricity, affordable rates, and employee teamwork with the highest degree of integrity. In 2020, the cooperative successfully provided electricity to 34,140 active services through the allocation of patronage capital.


Official website here: www.fkec.com

Who is the CEO of Florida Keys Electric Cooperative Association Inc?

Scott Newberry is the Chief Executive Officer of Florida Keys Electric Cooperative Association Inc. The CEO's salary of Florida Keys Electric Cooperative Association Inc is $363,958 and their total compensation is $568,488.


Official website here: www.fkec.com

What is the revenue of Florida Keys Electric Cooperative Association Inc?

Florida Keys Electric Cooperative Association Inc's revenue in 2022 was $115,190,628.


Official website here: www.fkec.com

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

The average compensation at Florida Keys Electric Cooperative Association Inc during 2022 was $68,232. There are 137 employees at Florida Keys Electric Cooperative Association Inc.

Here are 17 key members and their salaries (Florida Keys Electric Cooperative Association Inc's CEO's salary is $363,958 and their total compensation is $568,488):

    Scott Newberry (Chief Executive Officer)
  • Compensation: $363,958
  • Related: $0
  • Other: $204,530

    • William Lee (Director Of Distribution O)
  • Compensation: $181,705
  • Related: $0
  • Other: $184,498

    • Cris Beaty (Chief Financial Officer)
  • Compensation: $233,881
  • Related: $0
  • Other: $122,572

    • John Stuart (Chief Operating Officer)
  • Compensation: $232,416
  • Related: $0
  • Other: $90,009

    • Thomas Anthony (Director Of Power Supply A)
  • Compensation: $182,174
  • Related: $0
  • Other: $111,710

    • Sheri Bulkiewicz (Director Of Human Resources)
  • Compensation: $172,377
  • Related: $0
  • Other: $80,081

    • Michael Roberge (Director Of Engineering)
  • Compensation: $180,679
  • Related: $0
  • Other: $68,384

    • Adam Secor (Soc Operator)
  • Compensation: $181,673
  • Related: $0
  • Other: $28,235

    • Gretchen Holland (Secretary) [Trustee/Director]
  • Compensation: $38,000
  • Related: $0
  • Other: $0

    • Dorsey C Belcher (Director)
  • Compensation: $36,750
  • Related: $0
  • Other: $0

    • David C Ritz (Director)
  • Compensation: $36,400
  • Related: $0
  • Other: $0

    • Karl M Wagner (President) [Trustee/Director]
  • Compensation: $35,700
  • Related: $0
  • Other: $0

    • James J Boilini (Director)
  • Compensation: $34,150
  • Related: $0
  • Other: $0

    • Cale Smith (Treasurer) [Trustee/Director]
  • Compensation: $31,500
  • Related: $0
  • Other: $0

    • George D Hertel (Director)
  • Compensation: $30,600
  • Related: $0
  • Other: $0

    • Joseph H Roth Iii (Director)
  • Compensation: $29,700
  • Related: $0
  • Other: $0

    • Michael H Puto (Vice President) [Trustee/Director]
  • Compensation: $28,600
  • Related: $0
  • Other: $0


  • Official website here: www.fkec.com

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

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


    Official website here: www.fkec.com

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

    Mission Statement of Florida Keys Electric Cooperative Association Inc

    Florida Keys Electric Cooperative Association Inc, a dedicated organization, is committed to delivering top-quality and dependable electric services to its cooperative members. The cooperative's mission is twofold: to ensure excellent customer service and provide innovative solutions that reflect in exceptional electric service reliability, affordable rates, and unwavering employee teamwork. The cooperative's actions are guided by the highest degree of integrity, ensuring that all cooperative endeavors align with these principles.

    The cooperative's unwavering responsibility to its members is reflected in the provision of electricity on a cooperative basis. This approach, which involves the allocation of patronage capital, empowers the members to share in the cooperative's success and growth. Florida Keys Electric Cooperative Association Inc has served its members well, ending the year with 34,140 active services that benefited from the cooperative's commitment to providing reliable electric energy. The cooperative's mission goes beyond just providing electricity; it strives to build strong relationships and foster a sense of community among its members.

    Impact

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




    Thursday, August 15, 2024

    Florida Keys Electric Cooperative Association Inc's impact is evident in its provision of quality and reliable electric service to its members. With a mission focused on excellent customer service, innovative solutions, and top-quality electric service reliability, the cooperative plays a significant role in ensuring that its 34,140 active service members receive affordable rates and dependable energy. Through the allocation of patronage capital, the cooperative operates on a cooperative basis, embodying values of employee teamwork and integrity in all endeavors. This impact is further reinforced by the cooperative's commitment to mutual benefit, emphasizing its dedication to serving and supporting its members.





    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: $92,536
  • Program Service Revenue: $114,186,977
  • Gross Receipts: $115,260,450

    • Assets and Liabilities:
  • Total Assets: $213,461,453
  • Total Liabilities: $138,660,768
  • Net Assets: $74,800,685
  • Programs

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

    ELECTRICITY SALES

    Revenue

    $111,315,595

    ELECTRICITY WHEELING

    Revenue

    $1,801,147

    PATRONAGE DIVIDENDS

    Revenue

    $755,527

    SERVICE FEES

    Revenue

    $314,583

    OTHER

    Revenue

    $125

    Organization Details

    Founding Year

    1940

    Principal Officer

    Scott Newberry

    Main Address

    91630 OVERSEAS HWY, TAVERNIER, FL, 33070

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Florida Keys Electric Cooperative Association 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.