Lamar County Electric Cooperative Association

Lamar Electric Cooperative

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

EIN: 750384046 ✦ Blossom, TX ✦ Designated as a 501(c)(12)

Overview

What is Lamar County Electric Cooperative Association?

Lamar County Electric Cooperative Association, also known as Lamar Electric Cooperative, is a nonprofit organization headquartered in Blossom, Texas. With a workforce of 41 employees, the cooperative's primary mission is to provide reliable and quality electric service to its members. At the end of the year, they delivered electricity to 13,417 active services on a cooperative basis, allocating patronage capital. Their commitment extends beyond just electricity; they aim for top-notch customer service and integrity in all cooperative endeavors.


Official website here: www.lamarelectric.coop

Is Lamar County Electric Cooperative Association legitimate?

Lamar County Electric Cooperative Association is a legitimate nonprofit organization registered as a 501(c)(12) entity. Lamar County Electric Cooperative Association 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: $1,240,110
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,206,175

For more financial information, click here


Official website here: www.lamarelectric.coop

What is the mission statement of Lamar County Electric Cooperative Association?

Lamar County Electric Cooperative Association is dedicated to delivering quality and dependable electric service to its cooperative members. The cooperative's primary responsibility and goal is to provide top-notch customer service, reflected in the provision of excellent electric service, reliable power supply, affordable rates, strong employee teamwork, and a commitment to integrity in all cooperative endeavors. Through these efforts, the cooperative successfully supplied electricity to over 13,000 active services at the end of the previous year.


Official website here: www.lamarelectric.coop

Who is the CEO of Lamar County Electric Cooperative Association?

Bryan Story is the Executive Vice President of Lamar County Electric Cooperative Association. The CEO's salary of Lamar County Electric Cooperative Association is $158,477 and their total compensation is $214,722.


Official website here: www.lamarelectric.coop

What is the revenue of Lamar County Electric Cooperative Association?

Lamar County Electric Cooperative Association's revenue in 2022 was $28,280,348.


Official website here: www.lamarelectric.coop

Who are the executives of Lamar County Electric Cooperative Association and what are their salaries?

The average compensation at Lamar County Electric Cooperative Association during 2022 was $59,665. There are 41 employees at Lamar County Electric Cooperative Association.

Here are 16 key members and their salaries (Lamar County Electric Cooperative Association's CEO's salary is $158,477 and their total compensation is $214,722):

    Jerry D Williams (Executive Vice President)
  • Compensation: $164,610
  • Related: $0
  • Other: $121,216

    • Jeffrey S Sansom (Director Of Operations)
  • Compensation: $130,110
  • Related: $0
  • Other: $93,369

    • Bryan Story (Chief Executive Officer)
  • Compensation: $158,477
  • Related: $0
  • Other: $56,245

    • George Scroggins (Staking Engineer)
  • Compensation: $138,305
  • Related: $0
  • Other: $71,007

    • Drew Conder (Right-Of-Way Superintendent)
  • Compensation: $108,797
  • Related: $0
  • Other: $53,688

    • Ryan Dean (Engineering And Transmission Technician)
  • Compensation: $109,692
  • Related: $0
  • Other: $50,471

    • Betty D Wood (Office Manager)
  • Compensation: $140,712
  • Related: $0
  • Other: $15,217

    • James Floyd (Director)
  • Compensation: $4,600
  • Related: $0
  • Other: $0

    • George M Wood (President)
  • Compensation: $4,500
  • Related: $0
  • Other: $0

    • Allen Branch (Director)
  • Compensation: $4,200
  • Related: $0
  • Other: $0

    • Jeremy Hamil (Director)
  • Compensation: $4,200
  • Related: $0
  • Other: $0

    • Michael Williams (Secretary/Treasurer)
  • Compensation: $4,200
  • Related: $0
  • Other: $0

    • Ron E Tippit (Director)
  • Compensation: $4,000
  • Related: $0
  • Other: $0

    • Lyle D Yoder (Vice President)
  • Compensation: $4,000
  • Related: $0
  • Other: $0

    • Matthew Albus (Director)
  • Compensation: $3,600
  • Related: $0
  • Other: $0

    • Harry Moore (Director)
  • Compensation: $3,000
  • Related: $0
  • Other: $0


  • Official website here: www.lamarelectric.coop

    Where can I find the form 990 for Lamar County Electric Cooperative Association?

    The Lamar County Electric Cooperative Association’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.lamarelectric.coop

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

    Mission Statement of Lamar County Electric Cooperative Association

    Lamar Electric Cooperative Association, a cooperative dedicated to delivering quality and reliable electric service, is committed to providing excellent and innovative customer service. Reflecting in its top-notch electric service, reliability, affordable rates, teamwork among employees, and unwavering integrity, the cooperative aims to go above and beyond for its members. Serving over 13,400 active services at year end, Lamar Electric Cooperative Association distributes electricity cooperatively through the allocation of patronage capital.

    Impact

    This information is meant to be a general summary of Lamar County Electric Cooperative Association. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Lamar County Electric Cooperative Association's impact lies in providing quality and reliable electric service to its members in Blossom, TX. With a focus on excellent customer service, innovative practices, and a commitment to integrity, the cooperative ensures that its 13,417 active services receive electricity on a cooperative basis. By offering affordable rates and maintaining top-quality electric service, Lamar County Electric Cooperative Association plays a crucial role in meeting the energy needs of its community while upholding the values of public benefit.





    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: $89,330
  • Program Service Revenue: $28,222,451
  • Gross Receipts: $28,316,546

    • Assets and Liabilities:
  • Total Assets: $60,876,804
  • Total Liabilities: $31,808,317
  • Net Assets: $29,068,487
  • Programs

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

    ELECTRIC ENERGY SALES

    Revenue

    $27,654,276

    PATRONAGE DIVIDENDS

    Revenue

    $159,768

    SERVICE CHARGES

    Revenue

    $108,848

    ELECTRIC WHEELING

    Revenue

    $299,559

    Organization Details

    Founding Year

    1938

    Principal Officer

    Bryan Story

    Main Address

    PO Box 68, Blossom, TX, 754160068

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Lamar County Electric Cooperative Association 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.