Southeastern Electric Cooperative Inc

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

EIN: 730457520 ✦ Durant, OK ✦ Designated as a 501(c)(12)

Overview

What is Southeastern Electric Cooperative Inc?

Southeastern Electric Cooperative Inc is a nonprofit organization based in Durant, Oklahoma. Their primary mission is to provide electricity to their members on a cooperative basis. At the end of the year, they catered to 16,589 active services and a total of 19,069 services in place, with 2,480 idle services. Their activities are centered around the cooperative distribution of electricity, and they allocate patronage capital to their members. The organization has a workforce of 43 employees.


Official website here: www.se-coop.com

Is Southeastern Electric Cooperative Inc legitimate?

Southeastern Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Southeastern 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: $640,388
Professional Fundraising Fees: $0
Other Salaries and Wages: $776,543

For more financial information, click here


Official website here: www.se-coop.com

What is the mission statement of Southeastern Electric Cooperative Inc?

Southeastern Electric Cooperative Inc is dedicated to providing electricity to its members on a cooperative basis. This organization prioritizes electricity supply to over 16,500 active members and an additional 2,480 idle services, allocating patronage capital to them. In essence, Southeastern Electric Cooperative Inc functions as an electricity provider that operates on cooperative principles, ensuring access to electric power for its member base. The cooperative's efforts are focused on delivering dependable electricity services, thus fostering community development and enhancing the quality of life for its members.


Official website here: www.se-coop.com

Who is the CEO of Southeastern Electric Cooperative Inc?

James Fox is the General Mana of Southeastern Electric Cooperative Inc.


Official website here: www.se-coop.com

What is the revenue of Southeastern Electric Cooperative Inc?

Southeastern Electric Cooperative Inc's revenue in 2022 was $46,140,293.


Official website here: www.se-coop.com

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

The average compensation at Southeastern Electric Cooperative Inc during 2022 was $32,952. There are 43 employees at Southeastern Electric Cooperative Inc.

Here are 14 key members and their salaries:

    James Fox (General Mana)
  • Compensation: $200,036
  • Related: $0
  • Other: $171,867

    • Russell Stepp (Director Ope)
  • Compensation: $104,643
  • Related: $0
  • Other: $57,372

    • Randy Cloyd (Office Manag)
  • Compensation: $142,693
  • Related: $0
  • Other: $14,184

    • Michael Green (Working Fore)
  • Compensation: $116,982
  • Related: $0
  • Other: $39,295

    • Jason Whitaker (Area Service)
  • Compensation: $113,921
  • Related: $0
  • Other: $37,881

    • Leith Burkhalter (Lineman)
  • Compensation: $107,020
  • Related: $0
  • Other: $42,552

    • Tracy Rogers (Member) [Trustee/Director]
  • Compensation: $39,319
  • Related: $0
  • Other: $0

    • Odis Willingham (President) [Trustee/Director]
  • Compensation: $39,039
  • Related: $0
  • Other: $0

    • Dennis Bowen (Vice-Preside) [Trustee/Director]
  • Compensation: $38,479
  • Related: $0
  • Other: $0

    • David Kelly (Member) [Trustee/Director]
  • Compensation: $38,339
  • Related: $0
  • Other: $0

    • Anthony Dillard (Member) [Trustee/Director]
  • Compensation: $38,059
  • Related: $0
  • Other: $0

    • Casey Robinson (Member) [Trustee/Director]
  • Compensation: $37,779
  • Related: $0
  • Other: $0

    • Steven Kelso (Member) [Trustee/Director]
  • Compensation: $22,883
  • Related: $0
  • Other: $0

    • James Dancer (Member) [Trustee/Director]
  • Compensation: $14,588
  • Related: $0
  • Other: $0


  • Official website here: www.se-coop.com

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

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


    Official website here: www.se-coop.com

    Learn more at the official website: www.se-coop.com

    Mission Statement of Southeastern Electric Cooperative Inc

    Southeastern Electric Cooperative Inc, a cooperative organization, is dedicated to providing electricity to its members. This mission is at the heart of its operations, and it strives to fulfill this commitment to 16,589 active services, totaling 19,069 services in place, and 2,480 idle services.

    The cooperative electricity provider allocates patronage capital to those it serves, ensuring a cooperative business model that benefits the community as a whole. Southeastern Electric Cooperative Inc's unwavering commitment to its members is reflected in its mission statement: to provide electricity on a cooperative basis. By prioritizing the needs of its members, Southeastern Electric Cooperative Inc distinguishes itself as a cooperative that puts the well-being of its community first.

    Southeastern Electric Cooperative Inc's cooperative business model allows it to adapt and grow, providing essential electricity services to a diverse and expanding member base. As a cooperative, it fosters a spirit of collaboration and shared responsibility, creating a strong bond between the organization and its community. By continuously focusing on its mission to provide electricity on a cooperative basis, Southeastern Electric Cooperative Inc ensures that its members have access to reliable and affordable power, enabling them to improve their standard of living and build a better future.

    Impact

    This information is meant to be a general summary of Southeastern 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

    Southeastern Electric Cooperative Inc's impact lies in providing electricity to its members on a cooperative basis. With 16,589 active services at the end of the year, Southeastern Electric Cooperative ensures that its members have access to reliable electricity. By operating as a cooperative, the organization allocates patronage capital to its members, further benefiting the local community. This impact not only ensures the availability of essential services but also promotes a sense of community and collaboration among 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: $94,244
  • Program Service Revenue: $46,002,341
  • Gross Receipts: $46,141,823

    • Assets and Liabilities:
  • Total Assets: $87,750,718
  • Total Liabilities: $41,543,614
  • Net Assets: $46,207,104
  • Programs

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

    SALES OF ELECTRICITY

    Revenue

    $45,168,895

    PATRONAGE DIVIDENDS

    Revenue

    $819,046

    SERVICE FEE REVENUE

    Revenue

    $14,400

    Organization Details

    Founding Year

    1939

    Principal Officer

    James Fox

    Main Address

    PO BOX 1370, DURANT, OK, 74702

    NTEE Category

    Code: W50 - Public benefit

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