Overview
What is Hilco Electric Cooperative Inc?
Hilco Electric Cooperative Inc is a nonprofit organization based in Itasca, Texas. With a team of 96 employees, their primary mission is to provide high-quality and reliable electric service to the cooperative's members. They achieve this by distributing patronage capital and offering electric energy at the most affordable cost, ensuring sound economy and effective management. The cooperative, which had 32,757 active services at the end of the year, is dedicated to serving its community and focuses on delivering electric energy and associated goods and services to its members.
Official website here: www.hilco.coop
Is Hilco Electric Cooperative Inc legitimate?
Hilco Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Hilco 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: $1,365,647
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,968,561
For more financial information, click here
Official website here: www.hilco.coop
What is the mission statement of Hilco Electric Cooperative Inc?
Hilco Electric Cooperative Inc is dedicated to delivering quality and reliable electric service to its cooperative members. The cooperative's primary objective is to provide electric energy and various other goods and services to its members at the most affordable cost, ensuring sound economy and efficient management. Through a cooperative business model, the cooperative returns profits to its members in the form of patronage capital. As of the year end, there were 32,757 active services being provided by the cooperative.
Official website here: www.hilco.coop
Who is the CEO of Hilco Electric Cooperative Inc?
Thomas Cheek is the Vice President of Hilco Electric Cooperative Inc. The CEO's salary of Hilco Electric Cooperative Inc is $193,973 and their total compensation is $362,706.
Official website here: www.hilco.coop
What is the revenue of Hilco Electric Cooperative Inc?
Hilco Electric Cooperative Inc's revenue in 2022 was $102,294,188.
Official website here: www.hilco.coop
Who are the executives of Hilco Electric Cooperative Inc and what are their salaries?
The average compensation at Hilco Electric Cooperative Inc during 2022 was $55,565. There are 96 employees at Hilco Electric Cooperative Inc.
Here are 16 key members and their salaries (Hilco Electric Cooperative Inc's CEO's salary is $193,973 and their total compensation is $362,706):
- Thomas Cheek (General Manager/Ceo)
- Paula Farquhar (Cfo)
- Travis Sanders (Operations Manager)
- Lea Sanders (Chief Hr Officer)
- Daniel Taylor (Coo)
- Charles Henkelman (Construction Foreman)
- Matthew Fehnel (Director Of Is/It)
- Clayton Thompson (Lead Construction Foreman)
- Matthew Montgomery (Lead Construction Foreman)
- Janet Smith (Secretary/Treasurer) [Trustee/Director]
- William Allen (Vice President) [Trustee/Director]
- Joseph Tedesco (President) [Trustee/Director]
- Ronald Roberts (Director)
- Margaret Hill (Director)
- George Thiess (Director (Resigned In Dec))
- Edward Harrison (Director (Jun-Dec))
Official website here: www.hilco.coop
Where can I find the form 990 for Hilco Electric Cooperative Inc?
The Hilco Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.hilco.coop
Learn more at the official website: www.hilco.coop
Mission Statement of Hilco Electric Cooperative Inc
Hilco Electric Cooperative Inc is a mission-driven organization dedicated to supplying quality and dependable electric service to its cooperative members. Established with the goal of delivering electric energy and other desirable goods and services to its members at the most affordable cost possible, the cooperative operates based on sound economy and efficient management principles.
At the heart of Hilco Electric Cooperative Inc's operations is the provision of electric power on a cooperative basis, with members contributing to the cooperative through patronage capital. By the end of the year, there were 32,757 active services in operation. The cooperative's dedication to its members extends beyond electricity, as evidenced by its commitment to offering essential services at budget-friendly prices.
Impact
This information is meant to be a general summary of Hilco 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
Hilco Electric Cooperative Inc's impact lies in providing quality and reliable electric service to its members in Itasca, Texas. With a mission focused on offering electric energy and other services to its members at the lowest cost possible, the cooperative serves 32,757 active services by allocating patronage capital. By prioritizing sound economy and good management practices, Hilco Electric Cooperative Inc plays a crucial role in ensuring the energy needs of its community are met efficiently and effectively.
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
$99,900,818
SERVICE FEES
Revenue
$1,400,933
PATRONAGE DIVIDENDS
Revenue
$530,944
Organization Details
Founding Year
1936
Phone
(254) 687-2331
Principal Officer
Thomas Cheek
Main Address
115 E MAIN STREET, ITASCA, TX, 76055
Website
www.hilco.coop
NTEE Category
Code: W80 - Public benefit
If you are a representative of Hilco Electric Cooperative 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.