Overview
What is Owen Electric Cooperative Inc?
Based in Owenton, Kentucky, Owen Electric Cooperative Inc is a dedicated nonprofit organization serving approximately 65,000 member accounts. Their primary mission revolves around providing electric service on a patronage basis, ensuring the safety, reliability, and affordability of power for their community. Despite being headquartered in Kentucky, they currently do not have any specified programs in place. Their ultimate goal is to enhance the lives of their members by delivering essential electric services.
Official website here: www.owenelectric.com
Is Owen Electric Cooperative Inc legitimate?
Owen Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Owen 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: $2,487,308
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,969,978
For more financial information, click here
Official website here: www.owenelectric.com
What is the mission statement of Owen Electric Cooperative Inc?
Owen Electric Cooperative Inc is committed to delivering electric service to its members on a patronage basis. With an average of 65,000 member accounts, the cooperative prioritizes enhancing the lives of its members. Through its dedication to providing safe, reliable, and affordable electric service, it aims to make a positive impact. While specific programs or initiatives were not mentioned, the cooperative's mission revolves around serving its members effectively.
Official website here: www.owenelectric.com
Who is the CEO of Owen Electric Cooperative Inc?
Michael L Cobb is the President And Ceo of Owen Electric Cooperative Inc. The CEO's salary of Owen Electric Cooperative Inc is $277,433 and their total compensation is $366,376.
Official website here: www.owenelectric.com
What is the revenue of Owen Electric Cooperative Inc?
Owen Electric Cooperative Inc's revenue in 2022 was $232,534,469.
Official website here: www.owenelectric.com
Who are the executives of Owen Electric Cooperative Inc and what are their salaries?
The average compensation at Owen Electric Cooperative Inc during 2022 was $55,651. There are 134 employees at Owen Electric Cooperative Inc.
Here are 18 key members and their salaries (Owen Electric Cooperative Inc's CEO's salary is $277,433 and their total compensation is $366,376):
- Michael L Cobb (President And Ceo)
- Jennifer Taylor (Vp Of Engineering)
- Teresa Hamilton (Vp Of Accounting)
- Brian Jones (Vp Of Operations)
- Michael Stafford (Vp Of Member Services)
- Jim Petreshock (Vp Of Information Systems)
- Joseph Waichulis (Service Technician)
- Jerod Mulberry (Service Technician)
- Albert Pickett (Service Technician)
- Joe Schmiade (Service Technician)
- Larry Richardson (Service Technician)
- Richard Messingschlager (Vice Chairman Of The Board) [Trustee/Director]
- Charles Richarson (Director)
- John Grant (Chairman Of The Board) [Trustee/Director]
- Eddie Mccord (Director)
- Robert True (Director)
- Hope Kinman (Secretary/Treasurer) [Trustee/Director]
- Charles Alan Ahrman (Director)
Official website here: www.owenelectric.com
Where can I find the form 990 for Owen Electric Cooperative Inc?
The Owen Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.owenelectric.com
Learn more at the official website: www.owenelectric.com
Mission Statement of Owen Electric Cooperative Inc
Owen Electric Cooperative, a mission-driven organization, focuses on delivering electric services to its members based on a patronage system. This cooperative aims to enhance the lives of its Members by ensuring the provision of safe, dependable, and economical electric power. By putting the needs of its Members first, Owen Electric Cooperative serves an impressive average of 65,000 accounts, making a significant impact in the community it serves.
Impact
This information is meant to be a general summary of Owen 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
Owen Electric Cooperative Inc's impact is significant in providing safe, reliable, and affordable electric service to its members on a patronage basis. Serving an average of 65,000 member accounts, the cooperative plays a crucial role in improving the lives of its members by ensuring access to essential electricity services. Their commitment to reliability and affordability contributes to the overall well-being and quality of life for the communities they serve.
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.
Electric Service
Revenue
$226,699,373
Other
Revenue
$125,846
Organization Details
Founding Year
1937
Phone
(502) 484-3471
Principal Officer
Michael L Cobb
Main Address
PO Box 400, Owenton, KY, 40359
Website
www.owenelectric.com
NTEE Category
Code: W80 - Public benefit
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