Jackson Electric Cooperative Inc

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

EIN: 740708876 ✦ Edna, TX ✦ Designated as a 501(c)(12)

Overview

What is Jackson Electric Cooperative Inc?

Jackson Electric Cooperative Inc is a nonprofit organization based in Edna, Texas. With a mission to provide dependable electric service to its cooperative members, the cooperative had 17,184 active services at the year end. The cooperative, which employs 105 individuals, focuses on allocating patronage capital to provide electric energy on a cooperative basis. The organization's activities go beyond just electricity, as they also engage in community affairs by maintaining lines of communication with various stakeholders.


Official website here: www.jecec.com

Is Jackson Electric Cooperative Inc legitimate?

Jackson Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Jackson 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: $477,081
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,161,486

For more financial information, click here


Official website here: www.jecec.com

What is the mission statement of Jackson Electric Cooperative Inc?

Jackson Electric Cooperative Inc is dedicated to delivering reliable and high-quality electric services to its cooperative members. The organization's mission goes beyond electricity, as it also prioritizes maintaining open lines of communication with community leaders, members, and employees. By actively participating in community affairs, Jackson Electric Cooperative Inc fosters a cooperative environment where members and stakeholders are informed and engaged. The cooperative not only provides electric power but also allocates patronage capital to its members. At the end of the year, there were 17,184 active electric services under the cooperative's care.


Official website here: www.jecec.com

Who is the CEO of Jackson Electric Cooperative Inc?

James Coleman is the Director of Jackson Electric Cooperative Inc.


Official website here: www.jecec.com

What is the revenue of Jackson Electric Cooperative Inc?

Jackson Electric Cooperative Inc's revenue in 2022 was $85,179,366.


Official website here: www.jecec.com

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

The average compensation at Jackson Electric Cooperative Inc during 2022 was $53,701. There are 105 employees at Jackson Electric Cooperative Inc.

Here are 17 key members and their salaries:

    James E Coleman (General Manager)
  • Compensation: $254,052
  • Related: $0
  • Other: $110,079

    • Richard Bourland (Operations Manager)
  • Compensation: $116,947
  • Related: $0
  • Other: $70,310

    • Martin Flores (Foreman)
  • Compensation: $126,644
  • Related: $0
  • Other: $40,368

    • Jeremy Cervenka (Foreman)
  • Compensation: $113,892
  • Related: $0
  • Other: $35,505

    • Jose Palomares (Foreman)
  • Compensation: $113,952
  • Related: $0
  • Other: $29,271

    • Efrain Meza (Lineman)
  • Compensation: $114,778
  • Related: $0
  • Other: $17,112

    • James Roach (Director)
  • Compensation: $11,250
  • Related: $0
  • Other: $0

    • Tom Hudgins (Director)
  • Compensation: $10,950
  • Related: $0
  • Other: $0

    • Michael Jacobs (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $10,950
  • Related: $0
  • Other: $0

    • Doug Tise (Director)
  • Compensation: $10,950
  • Related: $0
  • Other: $0

    • Patrick Stuart (Director)
  • Compensation: $10,500
  • Related: $0
  • Other: $0

    • William Hansen (Vice President) [Trustee/Director]
  • Compensation: $10,200
  • Related: $0
  • Other: $0

    • James Hoffmeister (Director)
  • Compensation: $10,050
  • Related: $0
  • Other: $0

    • Bruce Elliott (Director)
  • Compensation: $9,750
  • Related: $0
  • Other: $0

    • Laval Simons (Director)
  • Compensation: $9,750
  • Related: $0
  • Other: $0

    • Anthony Smith (Director)
  • Compensation: $9,600
  • Related: $0
  • Other: $0

    • Lh Cornelius Jr (President) [Trustee/Director]
  • Compensation: $9,000
  • Related: $0
  • Other: $0


  • Official website here: www.jecec.com

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

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


    Official website here: www.jecec.com

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

    Mission Statement of Jackson Electric Cooperative Inc

    Jackson Electric Cooperative Inc, a trusted name in the electric service industry, is dedicated to providing top-notch and reliable electric service to its cooperative members. This organization goes beyond just supplying electricity; it operates with a mission to maintain open lines of communication between various stakeholders, including the board of directors, management, employees, members, and community leaders. The cooperative actively participates in community affairs, fostering a sense of engagement and collaboration.

    Jackson Electric Cooperative Inc's primary goal is to deliver dependable electric and subsidiary services at competitive prices to its members. By operating on a cooperative basis, the cooperative uniquely allocates patronage capital to its members. At the end of the year, the cooperative reported 17,184 active services. The organization's commitment to quality is evident in its provision of electric energy, ensuring that each member receives consistent and efficient service. Additionally, the cooperative values strong relationships, maintaining open lines of communication and actively engaging in community initiatives.

    Impact

    This information is meant to be a general summary of Jackson 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

    Jackson Electric Cooperative Inc's impact lies in providing quality and reliable electric service to its members in Edna, TX. Through the allocation of patronage capital, the cooperative ensures that its 17,184 active services receive dependable electric energy on a cooperative basis. By maintaining open lines of communication between the board of directors, management, employees, members, and community leaders, Jackson Electric Cooperative actively participates in community affairs, ultimately benefiting the public with competitive prices and reliable services.





    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: $285,306
  • Program Service Revenue: $77,600,722
  • Gross Receipts: $85,267,351

    • Assets and Liabilities:
  • Total Assets: $172,050,486
  • Total Liabilities: $103,121,324
  • Net Assets: $68,929,162
  • Programs

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

    SALES OF ELECTRICITY

    Revenue

    $74,801,603

    PATRONAGE DIVIDENDS

    Revenue

    $2,475,384

    SERVICE FEES

    Revenue

    $191,587

    OTHER PROGRAM REVENUE

    Revenue

    $132,148

    Organization Details

    Founding Year

    1939

    Principal Officer

    James Coleman

    Main Address

    PO BOX 1189, EDNA, TX, 779571189

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Jackson 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.