Overview
What is Bandera Electric Cooperative Inc?
Bandera Electric Cooperative Inc is a nonprofit organization that offers essential services to its members, including electric power and broadband internet. The cooperative's energy division provides solar energy solutions and energy management through patronage capital. The fiber division offers fiber optic broadband internet on a patronage basis, with 10,954 subscribers as of year-end. Collectively, Bandera Electric Cooperative aims to enhance the lives of its members by delivering these vital services.
Official website here: www.banderaelectric.com
Is Bandera Electric Cooperative Inc legitimate?
Bandera Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Bandera 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: $3,002,739
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,258,090
For more financial information, click here
Official website here: www.banderaelectric.com
What is the mission statement of Bandera Electric Cooperative Inc?
Bandera Electric Cooperative strives to empower its members by delivering essential electric and broadband internet services, along with related goods. The energy services division offers members the opportunity to invest in solar energy and energy management solutions through patronage capital. The fiber division caters to the fiber optic broadband internet needs of members on a patronage basis. With over 10,000 broadband subscribers and 400 in the energy services division, the cooperative is dedicated to enhancing its members' lives through reliable and advanced services.
Official website here: www.banderaelectric.com
Who is the CEO of Bandera Electric Cooperative Inc?
William Hetherington is the Ceo/General Manager of Bandera Electric Cooperative Inc. The CEO's salary of Bandera Electric Cooperative Inc is $466,946 and their total compensation is $637,813.
Official website here: www.banderaelectric.com
What is the revenue of Bandera Electric Cooperative Inc?
Bandera Electric Cooperative Inc's revenue in 2022 was $101,364,554.
Official website here: www.banderaelectric.com
Who are the executives of Bandera Electric Cooperative Inc and what are their salaries?
The average compensation at Bandera Electric Cooperative Inc during 2022 was $62,566. There are 164 employees at Bandera Electric Cooperative Inc.
Here are 22 key members and their salaries (Bandera Electric Cooperative Inc's CEO's salary is $466,946 and their total compensation is $637,813):
- William Hetherington (Ceo/General Manager)
- John Padalino (General Counsel/Chief Admin Officer)
- Shane Schmidt (Vp Of Bec Fiber)
- Becky Bradburn (Cfo)
- John Rush (Director Of Electric Operations)
- Thilo Janssen (Director Of Engineering)
- John Hernandez (Line Foreman)
- Allen Marshall (Manager Of Outside Plant Operations)
- Justin Mckenzie (Vp Of Apolloware & Energy Services)
- Michael Shults (Network Operations Manager)
- Billy Simpson (Manager Of Products & Services)
- Garrett Clark (Line Foreman)
- Johnny Olibas (Director Of Information Technology)
- Robert Aguirre (Director)
- Michael Edwards (Chairman) [Trustee/Director]
- Jeremy Diller (Vice Chairman) [Trustee/Director]
- Kurt Solis (Secretary/Treasurer) [Trustee/Director]
- Chris Blakemore (Director)
- Annegreth Niemann (Director)
- Richard Earnest (Director)
- Jeffrey Slocum (Director)
- Frances Laue (Director)
Official website here: www.banderaelectric.com
Where can I find the form 990 for Bandera Electric Cooperative Inc?
The Bandera Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.banderaelectric.com
Learn more at the official website: www.banderaelectric.com
Mission Statement of Bandera Electric Cooperative Inc
Bandera Electric Cooperative, a leading provider of electric and broadband internet services, is dedicated to empowering its members with essential utilities and related goods. The cooperative's mission extends beyond just electricity, as it also offers energy solutions and fiber optic broadband internet on a patronage basis.
Bandera Electric Cooperative's energy services division goes above and beyond by providing members with solar energy and energy management solutions through the utilization of patronage capital. This commitment to sustainable energy solutions not only benefits the environment but also offers economic advantages for members.
The cooperative's fiber division is another essential aspect of Bandera Electric Cooperative's mission, providing fiber optic broadband internet services to its members. This service is unique as it operates on a patronage basis, ensuring that members have a say in the cooperative's decision-making process and a stake in its success.
As of the last fiscal year, Bandera Electric Cooperative's energy services division boasted 435 subscribers, while its fiber division serviced 10,954 broadband subscribers. The cooperative's dedication to providing top-notch services has positioned it as a trusted provider for its members, empowering them with the essential utilities they need to thrive in their daily lives.
Impact
This information is meant to be a general summary of Bandera 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
Bandera Electric Cooperative Inc empowers its members by providing essential electric and broadband internet services, along with other related goods and services. This cooperative plays a crucial role in ensuring that its community has access to reliable energy and connectivity. By offering solar energy, energy management solutions, and fiber optic broadband services, Bandera Electric Cooperative contributes to the overall well-being and prosperity of its members. With a significant number of subscribers benefitting from these services, the cooperative's impact is tangible and vital in enhancing the quality of life in the Bandera area.
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.
SALES OF ELECTRICITY
Revenue
$77,818,353
SALES OF FIBER INTERNET
Revenue
$10,577,922
TRANSMISSION LEASE
Revenue
$5,760,458
ENERGY SERVICES
Revenue
$4,698,131
SERVICE FEES
Revenue
$1,133,917
Organization Details
Founding Year
1938
Phone
(866) 226-3372
Principal Officer
William Hetherington
Main Address
PO BOX 667, BANDERA, TX, 78003
Website
www.banderaelectric.com
NTEE Category
Code: W80 - Public benefit
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