Overview
What is J-A-C Electric Cooperative Inc?
J-A-C Electric Cooperative Inc is a nonprofit organization located in Henrietta, Texas. With a workforce of 20 employees, they are dedicated to providing electricity to rural and surrounding communities on a cooperative basis. They ended the year with 5,988 active electric services and a total of 7,347 services in place. The co-op allocates patronage capital to its members and operates on the principle of providing electricity at the most reasonable price possible.
Official website here: www.jacelectric.com
Is J-A-C Electric Cooperative Inc legitimate?
J-A-C Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. J-A-C 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: $426,723
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.jacelectric.com
What is the mission statement of J-A-C Electric Cooperative Inc?
J-A-C Electric Cooperative Inc is committed to providing electricity to rural and surrounding communities on a cooperative basis. This cooperative aims to offer electric services at the most reasonable price possible. In 2021, they successfully served 5,988 active services and had a total of 7,347 services in place, with 1,359 of these in an idle state. Through this cooperative model, they allocated patronage capital to their members.
Official website here: www.jacelectric.com
Who is the CEO of J-A-C Electric Cooperative Inc?
Troy S Wiley is the General Mana of J-A-C Electric Cooperative Inc.
Official website here: www.jacelectric.com
What is the revenue of J-A-C Electric Cooperative Inc?
J-A-C Electric Cooperative Inc's revenue in 2022 was $15,418,267.
Official website here: www.jacelectric.com
Who are the executives of J-A-C Electric Cooperative Inc and what are their salaries?
The average compensation at J-A-C Electric Cooperative Inc during 2022 was $21,336. There are 20 employees at J-A-C Electric Cooperative Inc.
Here are 8 key members and their salaries:
- Troy S Wiley (General Mana)
- Elaine Martin (President) [Trustee/Director]
- Bill Pursley (Director/Sec)
- Marvin Joe Geis (Director)
- Kendall Browning (Director)
- Eddie Luig Jr (Vice Preside) [Trustee/Director]
- Kenneth Teichman (Director)
- Mark Mathews (Director)
Official website here: www.jacelectric.com
Where can I find the form 990 for J-A-C Electric Cooperative Inc?
The J-A-C Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.jacelectric.com
Learn more at the official website: www.jacelectric.com
Mission Statement of J-A-C Electric Cooperative Inc
J-A-C Electric Cooperative Inc, a cooperative organization, is dedicated to providing electricity to rural and surrounding communities in a cooperative manner and at the most reasonable price possible. This mission statement embodies the cooperative's commitment to serving its members by ensuring they have access to essential electric services.
The cooperative's primary activity revolves around delivering electricity to its members, who numbered 5,988 with active services at the end of the year. In addition to these active members, there were a total of 7,347 services in place, with 1,359 of these being idle. All these members were provided electricity on a cooperative basis and were allocated patronage capital as part of the cooperative's operations.
By offering electricity on a cooperative basis, J-A-C Electric Cooperative Inc aims to create a sense of community among its members and foster a strong bond. This cooperative approach not only helps keep prices reasonable but also ensures that members have a voice in the decision-making process. Overall, the cooperative's mission is to provide reliable and affordable electric services to its members, empowering them to improve their quality of life.
Impact
This information is meant to be a general summary of J-A-C 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
J-A-C Electric Cooperative Inc plays a vital role in providing electricity to rural and surrounding communities in a cooperative manner, ensuring that over 5,988 active services receive reliable power at the most reasonable prices. By serving these areas and allocating patronage capital, J-A-C Electric Cooperative Inc contributes to the economic development and quality of life for residents in Henrietta, TX, and its surrounding areas. Its commitment to public benefit underscores its impact on sustaining essential services and fostering community well-being through affordable electricity provision.
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.
SALE OF ELECTRIC ENERGY
Revenue
$14,876,359
WIND FARM REVENUE
Revenue
$97,101
PATRONAGE DIVIDENDS
Revenue
$56,188
ACCOUNT SERVICE CHARGES/FEES
Revenue
$55,860
Organization Details
Founding Year
1938
Phone
(940) 895-3311
Principal Officer
Troy S Wiley
Main Address
1784 FM 172, HENRIETTA, TX, 76365
Website
www.jacelectric.com
NTEE Category
Code: W80 - Public benefit
If you are a representative of J-A-C 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.