Overview
What is Lyntegar Electric Cooperative Inc?
Lyntegar Electric Cooperative Inc is a member-owned and operated nonprofit organization headquartered with a mission to deliver top-quality and dependable electric services to its community. The cooperative achieves this goal by offering electric energy in a cooperative manner, utilizing patronage capital allocation as a means to maintain operations. As of the last year's closing, Lyntegar Electric Cooperative had successfully connected 23,577 active accounts to its electric network.
Official website here: www.lyntegar.coop
Is Lyntegar Electric Cooperative Inc legitimate?
Lyntegar Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Lyntegar 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: $1,269,458
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,686,488
For more financial information, click here
Official website here: www.lyntegar.coop
What is the mission statement of Lyntegar Electric Cooperative Inc?
Lyntegar Electric Cooperative is committed to delivering quality and dependable electric service to its member-owners. The cooperative operates with the members it serves at its core, fulfilling its mission through the cooperative model of patronage capital allocation. By the end of the year, the cooperative had provided electric energy to over 23,000 active accounts. The cooperative's primary focus is ensuring a consistent electric supply, allowing its members to power their homes and businesses effectively. Additionally, the cooperative's cooperative structure enables it to respond to its members' needs and concerns in a more personalized and efficient manner.
Official website here: www.lyntegar.coop
Who is the CEO of Lyntegar Electric Cooperative Inc?
Greg Henley is the Principal Officer of Lyntegar Electric Cooperative Inc. The CEO's salary of Lyntegar Electric Cooperative Inc is $262,504 and their total compensation is $320,558.
Official website here: www.lyntegar.coop
What is the revenue of Lyntegar Electric Cooperative Inc?
Lyntegar Electric Cooperative Inc's revenue in 2022 was $99,599,290.
Official website here: www.lyntegar.coop
Who are the executives of Lyntegar Electric Cooperative Inc and what are their salaries?
The average compensation at Lyntegar Electric Cooperative Inc during 2022 was $79,648. There are 125 employees at Lyntegar Electric Cooperative Inc.
Here are 18 key members and their salaries (Lyntegar Electric Cooperative Inc's CEO's salary is $262,504 and their total compensation is $320,558):
- Gregory Henley (Ceo)
- Ray Box (Cfo)
- Ross Aten (Manager Of Engineering)
- Barry Pittman (Manager Of Member Services)
- Menford Gandy (Former Manager Of Operations)
- Jerry Reno (Manager Of Information Technology)
- Jana Bishop (Manager Of Human Resources)
- Brenda Whitten (Manager Of Accounting)
- Aaron Smith (Journeyman)
- David Engle (Branch Manager)
- Brent Fowler (Journeyman)
- Benjamin Franklin (President) [Trustee/Director]
- Theron Tidwell (Director)
- Kevin Mitchell (Vice President) [Trustee/Director]
- Hr Barron (Director)
- Billy Weaver (Secretary/Treasurer) [Trustee/Director]
- Ricky Day (Director)
- Andrew Furlow (Director)
Official website here: www.lyntegar.coop
Where can I find the form 990 for Lyntegar Electric Cooperative Inc?
The Lyntegar Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.lyntegar.coop
Learn more at the official website: www.lyntegar.coop
Mission Statement of Lyntegar Electric Cooperative Inc
Lyntegar Electric Cooperative, a member-owned organization, is committed to delivering top-notch and dependable electric services to its community. Its mission is rooted in the cooperative spirit, ensuring that those it serves have a meaningful stake in its operations. The cooperative achieves this goal by offering electric energy through the allocation of patronage capital. As of the last year, Lyntegar Electric Cooperative successfully catered to 23,577 active accounts.
At the core of Lyntegar Electric Cooperative's mission is the dedication to providing quality and reliable electric service. The organization's member-centric approach sets it apart, with the understanding that those it serves are integral to its continued success. By implementing a cooperative business model, the cooperative is able to allocate patronage capital, thereby empowering its members and reinvesting in the community. The result is an electric service that prioritizes the needs and expectations of its members, ensuring a strong and sustainable energy infrastructure.
Impact
This information is meant to be a general summary of Lyntegar 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
Lyntegar Electric Cooperative Inc's impact lies in providing quality and reliable electric service to its members. By being owned and operated by those it serves, the cooperative ensures a direct benefit to the community. With a mission centered around delivering electric energy through patronage capital allocation, Lyntegar Electric Cooperative serves 23,577 active accounts. This not only meets the energy needs of its members but also functions as a public benefit, contributing to the stability and progress of the community it serves.
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
$96,119,778
PATRONAGE DIVIDENDS
Revenue
$2,257,783
Organization Details
Founding Year
1938
Phone
(806) 561-4588
Principal Officer
Greg Henley
Main Address
PO BOX 970, TAHOKA, TX, 79373
Website
www.lyntegar.coop
NTEE Category
Code: W80 - Public benefit
If you are a representative of Lyntegar 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.