Clay County Electric Coop Corp

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

EIN: 710033825 ✦ Corning, AR ✦ Designated as a 501(c)(12)

Overview

What is Clay County Electric Coop Corp?

Clay County Electric Coop Corp is a member-owned cooperative headquartered in Corning, Arkansas. With a workforce of 65 employees, they provide safe, dependable, and consumer-focused utility services to their members and consumers on a non-profit basis. The cooperative sold 290,574,756 kilowatt hours of electric energy in the given period. Their mission is to ensure affordable utility services, prioritizing the needs and satisfaction of their community.


Official website here: www.claycountyelectric.com

Is Clay County Electric Coop Corp legitimate?

Clay County Electric Coop Corp is a legitimate nonprofit organization registered as a 501(c)(12) entity. Clay County Electric Coop Corp 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: $533,551
Professional Fundraising Fees: $0
Other Salaries and Wages: $908,987

For more financial information, click here


Official website here: www.claycountyelectric.com

What is the mission statement of Clay County Electric Coop Corp?

Clay County Electric Coop Corp functions as a member-owned cooperative, committed to delivering safe, affordable, dependable, and consumer-based utility services. Their primary objective is to provide electric energy to their members on a non-profit basis, selling a total of 290,574,756 kilowatt hours annually. The cooperative prioritizes the well-being of its community by ensuring the reliability and affordability of the utility services it offers.


Official website here: www.claycountyelectric.com

Who is the CEO of Clay County Electric Coop Corp?

David Smith is the General Manager of Clay County Electric Coop Corp.


Official website here: www.claycountyelectric.com

What is the revenue of Clay County Electric Coop Corp?

Clay County Electric Coop Corp's revenue in 2022 was $34,556,617.


Official website here: www.claycountyelectric.com

Who are the executives of Clay County Electric Coop Corp and what are their salaries?

The average compensation at Clay County Electric Coop Corp during 2022 was $22,193. There are 65 employees at Clay County Electric Coop Corp.

Here are 15 key members and their salaries:

    David Smith (General Manager)
  • Compensation: $251,214
  • Related: $0
  • Other: $88,462

    • Odis Williams (Manager Of Operations)
  • Compensation: $132,421
  • Related: $0
  • Other: $160,588

    • Tony Miller (Line Superintendent)
  • Compensation: $113,871
  • Related: $0
  • Other: $75,278

    • Eric Landreth (Serviceman/Foreman)
  • Compensation: $111,755
  • Related: $0
  • Other: $76,633

    • Tony Hudson (Serviceman/Foreman)
  • Compensation: $112,249
  • Related: $0
  • Other: $73,490

    • Matt Miller (Ccc General Manager)
  • Compensation: $115,880
  • Related: $0
  • Other: $40,883

    • Jerry Turner (Director)
  • Compensation: $27,572
  • Related: $0
  • Other: $0

    • John Dalton (Board President) [Trustee/Director]
  • Compensation: $26,724
  • Related: $0
  • Other: $0

    • Connie Pendergrass (Board Secretary/Treasurer) [Trustee/Director]
  • Compensation: $25,702
  • Related: $0
  • Other: $0

    • Wade Schimming (Director)
  • Compensation: $24,402
  • Related: $0
  • Other: $0

    • Cary Wilson (Director)
  • Compensation: $24,093
  • Related: $0
  • Other: $0

    • L Wade Harris (Director)
  • Compensation: $23,446
  • Related: $0
  • Other: $0

    • Reuben Seay (Director)
  • Compensation: $15,880
  • Related: $0
  • Other: $0

    • Charles Raglin (Board Vice-President) [Trustee/Director]
  • Compensation: $14,364
  • Related: $0
  • Other: $0

    • Todd Young (Director)
  • Compensation: $11,692
  • Related: $0
  • Other: $0


  • Official website here: www.claycountyelectric.com

    Where can I find the form 990 for Clay County Electric Coop Corp?

    The Clay County Electric Coop Corp’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.claycountyelectric.com

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

    Mission Statement of Clay County Electric Coop Corp

    Clay County Electric Coop Corp, a member-owned cooperative, is dedicated to delivering safe, affordable, dependable, and consumer-based utility services. This non-profit organization is committed to providing its members with reliable electric energy on a non-profit basis. The cooperative prides itself on maintaining the highest safety standards while keeping electricity affordable for its consumers. By operating on a consumer-based model, Clay County Electric Coop Corp ensures that its services align with the needs and preferences of its members.

    In the heart of its mission, Clay County Electric Coop Corp focuses on supplying a considerable amount of electric energy to its members. The cooperative sold an impressive 290,574,756 kilowatt hours of electricity in the previous records. This significant volume of energy delivery underscores the importance of the cooperative's role in providing essential utilities to its community of members. By prioritizing consumer satisfaction and reliability, Clay County Electric Coop Corp has become a trusted and indispensable resource for its members.

    Impact

    This information is meant to be a general summary of Clay County Electric Coop Corp. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Clay County Electric Coop Corp's impact can be seen in providing safe, affordable, and dependable utility services to its members/consumers. With the sales of 290,574,756 kilowatt hours of electric energy on a non-profit basis, the coop plays a crucial role in meeting the energy needs of the community. By being consumer-based and member-owned, Clay County Electric Cooperative Corporation ensures that the interests of its members are prioritized in the delivery of essential services. This commitment to public benefit contributes to the well-being and sustainability of the community in Corning, AR.





    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: $862,058
  • Program Service Revenue: $40,448,380
  • Gross Receipts: $43,947,625

    • Assets and Liabilities:
  • Total Assets: $157,028,468
  • Total Liabilities: $79,671,310
  • Net Assets: $77,357,158
  • Programs

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

    Energy Sales

    Revenue

    $39,924,234

    Generation and Transmission Capital Credits

    Revenue

    $315,732

    Other Capital Credits and Patronage Dividends

    Revenue

    $208,414

    Organization Details

    Founding Year

    1939

    Principal Officer

    David Smith

    Main Address

    PO BOX 459, CORNING, AR, 72422

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Clay County Electric Coop Corp 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.