Overview
What is Wise Electric Cooperative Inc?
Wise Electric Cooperative Inc, based in Decatur, Texas, is a nonprofit organization dedicated to providing electric energy to its members on a cooperative basis. With 25,454 active services, they allocate patronage capital to ensure affordable electricity. Their mission is to deliver safe, reliable, and competitively priced electric and related services to their members. Wise Electric prioritizes the cooperative model, working to meet the electric needs of their community in a cost-effective manner.
Official website here: www.wiseec.com
Is Wise Electric Cooperative Inc legitimate?
Wise Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Wise 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: $1,416,626
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,737,652
For more financial information, click here
Official website here: www.wiseec.com
What is the mission statement of Wise Electric Cooperative Inc?
Wise Electric Cooperative Inc is committed to delivering safe, reliable, and competitively priced electric and related services to its members on a cooperative basis. Their mission goes beyond just providing electricity; they allocate patronage capital to ensure the cooperative nature of their business. With over 25,000 active services at year end, Wise Electric strives to prioritize the needs of its members, ensuring they have access to essential electric energy.
Official website here: www.wiseec.com
Who is the CEO of Wise Electric Cooperative Inc?
Rayce Cantwell is the Director of Wise Electric Cooperative Inc.
Official website here: www.wiseec.com
What is the revenue of Wise Electric Cooperative Inc?
Wise Electric Cooperative Inc's revenue in 2022 was $90,702,449.
Official website here: www.wiseec.com
Who are the executives of Wise Electric Cooperative Inc and what are their salaries?
The average compensation at Wise Electric Cooperative Inc during 2022 was $56,908. There are 73 employees at Wise Electric Cooperative Inc.
Here are 17 key members and their salaries:
- Rayce Cantwell (General Manager)
- Kelly Myers (Assistant General Manager)
- Chris Walsh (Operations Eng/Whs Manager)
- Russell King (Line Superintendent)
- Anna Wallace (Computer Op Manager)
- Bill Hood (Member Service Manager)
- Bryan Shriver (Human Resources/Property M)
- Chuck Peace (Line Foreman)
- Christopher Martinez (Loss Control Manager)
- Glenn Hughes (Director)
- Bruce Nivens (Director)
- Tom Robinson (Vice President) [Trustee/Director]
- Audie Morris (President) [Trustee/Director]
- Allen Heugatter Feb-Dec (Secretary) [Trustee/Director]
- Russell Morgan (Director)
- Bryson Gentry May-Dec (Director)
- Coy Cleveland Jan-Feb (Director)
Official website here: www.wiseec.com
Where can I find the form 990 for Wise Electric Cooperative Inc?
The Wise Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.wiseec.com
Learn more at the official website: www.wiseec.com
Mission Statement of Wise Electric Cooperative Inc
Wise Electric Cooperative Inc, headquartered in the heart of electric power distribution, is dedicated to delivering safe, dependable, and competitively priced electric services to its esteemed members. The cooperative's mission transcends the mere provision of electricity; it is geared towards offering electric energy on a cooperative basis, where members are not just customers, but active participants in the enterprise.
Through the cooperative model, Wise Electric Cooperative Inc allocates patronage capital to its members. This approach not only enables the cooperative to maintain lower operational costs but also empowers its members with a sense of ownership and shared responsibility. The cooperative's commitment to its members extends to the end of the fiscal year, with 25,454 active services reported at year-end.
Wise Electric Cooperative Inc's unwavering dedication to its members is rooted in delivering electricity that is not only safe and reliable but also competitively priced. By prioritizing the interests of its members, the cooperative fosters a strong sense of community and trust. As a testament to its commitment, the cooperative has earned a reputation for its unwavering focus on delivering high-quality electric services that are accessible and affordable for all.
Impact
This information is meant to be a general summary of Wise 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
Wise Electric Cooperative Inc is instrumental in providing safe, reliable, and competitively priced electric and related services to its members in Decatur, TX. By operating on a cooperative basis and allocating patronage capital, this organization ensures that its 25,454 active services receive essential electricity at cost. Wise Electric's impact lies in enhancing the quality of life for its members by meeting their electricity needs efficiently and affordably, contributing to the sustainability and development of the community.
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
$88,863,888
PATRONAGE DIVIDENDS
Revenue
$873,558
SERVICE FEES
Revenue
$735,945
Organization Details
Founding Year
1938
Phone
(940) 626-3029
Principal Officer
Rayce Cantwell
Main Address
PO BOX 269, DECATUR, TX, 76234
Website
www.wiseec.com
NTEE Category
Code: W80 - Public benefit
If you are a representative of Wise 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.