Deaf Smith Electric Cooperative Inc

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

EIN: 750230385 ✦ Hereford, TX ✦ Designated as a 501(c)(12)

Overview

What is Deaf Smith Electric Cooperative Inc?

Deaf Smith Electric Cooperative Inc is a nonprofit organization based in Hereford, Texas. With a mission to provide electricity to rural areas at cost on a cooperative basis, they serve a community of 15,159 connected meters. Their operations involve procuring, developing, and distributing reliable electric energy to their customers through a well-built and maintained facility. Additionally, Deaf Smith Electric Cooperative offers supporting services that enhance the safety and quality of life for their consumers and employees. They had a workforce of 59 individuals at the time the information was provided.


Official website here: www.deafsmith.coop

Is Deaf Smith Electric Cooperative Inc legitimate?

Deaf Smith Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Deaf Smith 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: $496,063
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,015,837

For more financial information, click here


Official website here: www.deafsmith.coop

What is the mission statement of Deaf Smith Electric Cooperative Inc?

Deaf Smith Electric Cooperative Inc is dedicated to procuring, developing, and distributing dependable electric energy to its customers. The cooperative operates with a well-built and maintained facility, providing supportive services that enhance the safety and quality of life for both consumers and employees. Through a cooperative business model, the organization sells electric energy to its members and allocates patronage capital. At the end of the year, there were 15,159 connected meters. The mission of Deaf Smith Electric Cooperative Inc is to ensure a consistent electricity supply to rural areas, while prioritizing the well-being of its community.


Official website here: www.deafsmith.coop

Who is the CEO of Deaf Smith Electric Cooperative Inc?

Timothy Burkhalter is the Vice Chairman of Deaf Smith Electric Cooperative Inc.


Official website here: www.deafsmith.coop

What is the revenue of Deaf Smith Electric Cooperative Inc?

Deaf Smith Electric Cooperative Inc's revenue in 2022 was $86,716,385.


Official website here: www.deafsmith.coop

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

The average compensation at Deaf Smith Electric Cooperative Inc during 2022 was $59,524. There are 59 employees at Deaf Smith Electric Cooperative Inc.

Here are 13 key members and their salaries:

    Timothy Burkhalter (President/General Manager)
  • Compensation: $189,554
  • Related: $0
  • Other: $82,698

    • Juanita Alejandre (Accounting Manager)
  • Compensation: $148,436
  • Related: $0
  • Other: $63,822

    • Johnny Beltran (Line Superintendent)
  • Compensation: $126,288
  • Related: $0
  • Other: $57,184

    • William Steffens (Journeyman Lineman)
  • Compensation: $127,112
  • Related: $0
  • Other: $49,504

    • Jerry Baird (Journeyman Lineman)
  • Compensation: $123,246
  • Related: $0
  • Other: $42,519

    • Beau Harmon (Foreman Journeyman Lineman)
  • Compensation: $120,651
  • Related: $0
  • Other: $43,257

    • Michael Carlson (Director)
  • Compensation: $34,195
  • Related: $0
  • Other: $0

    • Vick Christian (Director)
  • Compensation: $34,157
  • Related: $0
  • Other: $0

    • Jim Hoelting (Chairman) [Trustee/Director]
  • Compensation: $34,011
  • Related: $0
  • Other: $0

    • Melvin Betzen (Director)
  • Compensation: $32,680
  • Related: $0
  • Other: $0

    • Danny Hand (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $31,036
  • Related: $0
  • Other: $0

    • Robert Boozer (Director)
  • Compensation: $29,327
  • Related: $0
  • Other: $0

    • Steve Olson (Vice Chairman) [Trustee/Director]
  • Compensation: $28,405
  • Related: $0
  • Other: $0


  • Official website here: www.deafsmith.coop

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

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


    Official website here: www.deafsmith.coop

    Learn more at the official website: www.deafsmith.coop

    Mission Statement of Deaf Smith Electric Cooperative Inc

    Deaf Smith Electric Cooperative Inc, a cooperative entity, is dedicated to procuring, developing, and distributing dependable electric energy to its customers. The cooperative's mission is twofold: firstly, to deliver electricity in a well-built and maintained facility; and secondly, to offer supporting services that enhance the safety and quality of life for its consumers and employees.

    Deaf Smith Electric Cooperative Inc pursues this objective by selling electric energy on a cooperative basis. This means that the cooperative allocates patronage capital to its members, which is essentially a share of the profits earned from electricity sales. The cooperative's commitment to its members goes beyond just providing electricity; it aims to create a community where the well-being of its consumers and employees is a priority.

    In practice, Deaf Smith Electric Cooperative Inc connects electricity to 15,159 meters each year, bringing light and power to rural areas in a cost-effective and cooperative manner. The cooperative's facilities are well-built and meticulously maintained, ensuring a reliable electricity supply. Additionally, the cooperative provides supporting services that cater to the safety and quality of life of its members, although specifics about these services are not provided in the information.

    Impact

    This information is meant to be a general summary of Deaf Smith 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

    Deaf Smith Electric Cooperative Inc's impact lies in its crucial role in providing electricity to rural areas at cost on a cooperative basis. With a mission to procure, develop, and distribute reliable electric energy to its customers, the cooperative ensures that residents in rural areas have access to essential electricity services. By serving 15,159 connected meters at year-end, Deaf Smith Electric Cooperative Inc plays a significant role in enhancing the safety and quality of life for its consumers and employees.





    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: $251,539
  • Program Service Revenue: $86,450,606
  • Gross Receipts: $86,716,385

    • Assets and Liabilities:
  • Total Assets: $130,870,300
  • Total Liabilities: $20,916,838
  • Net Assets: $109,953,462
  • Programs

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

    SALES OF ELECTRICITY

    Revenue

    $84,750,737

    PATRONAGE DIVIDENDS

    Revenue

    $1,699,869

    Organization Details

    Founding Year

    1937

    Principal Officer

    Timothy Burkhalter

    Main Address

    PO BOX 753, HEREFORD, TX, 79045

    NTEE Category

    Code: W50 - Public benefit

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