Houston County Electric Cooperative Inc

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

EIN: 751108699 ✦ Crockett, TX ✦ Designated as a 501(c)(12)

Overview

What is Houston County Electric Cooperative Inc?

Based in Crockett, Texas, Houston County Electric Cooperative Inc is a nonprofit organization dedicated to bringing reliable electricity to rural communities on a cooperative basis. With 81 employees, they focus on delivering affordable electric services to their customers. Beyond electricity, they contribute to the local economy by supporting economic development initiatives. Their mission encompasses both electricity provision and community enhancement.


Official website here: www.houstoncountyelec.com

Is Houston County Electric Cooperative Inc legitimate?

Houston County Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Houston County 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: $682,916
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.houstoncountyelec.com

What is the mission statement of Houston County Electric Cooperative Inc?

Houston County Electric Cooperative Inc focuses on delivering dependable electricity to rural communities, operating on a cooperative basis. Beyond providing affordable and reliable electric service, the cooperative contributes to the local economy through community development efforts. The organization's primary mission is to distribute electricity to its members in a cooperative manner. By doing so, they ensure that rural areas have consistent access to electricity, a vital resource for modern life. The cooperative's commitment to the community extends beyond energy distribution, making it an integral part of the areas it serves.


Official website here: www.houstoncountyelec.com

Who is the CEO of Houston County Electric Cooperative Inc?

Dan Cournier is the President of Houston County Electric Cooperative Inc. The CEO's salary of Houston County Electric Cooperative Inc is $198,053 and their total compensation is $198,053.


Official website here: www.houstoncountyelec.com

What is the revenue of Houston County Electric Cooperative Inc?

Houston County Electric Cooperative Inc's revenue in 2022 was $54,115,483.


Official website here: www.houstoncountyelec.com

Who are the executives of Houston County Electric Cooperative Inc and what are their salaries?

The average compensation at Houston County Electric Cooperative Inc during 2022 was $8,431. There are 81 employees at Houston County Electric Cooperative Inc.

Here are 12 key members and their salaries (Houston County Electric Cooperative Inc's CEO's salary is $198,053 and their total compensation is $198,053):

    Kathi Calvert (Ceo/General Manager)
  • Compensation: $198,053
  • Related: $0
  • Other: $0

    • Mike Lane (Chief Operations Officer - Distribution)
  • Compensation: $127,354
  • Related: $0
  • Other: $0

    • Stacy Freeman (Chief Operations Officer - Transmission)
  • Compensation: $123,335
  • Related: $0
  • Other: $0

    • Charles Seims (Director)
  • Compensation: $8,600
  • Related: $0
  • Other: $0

    • Larry Nelms (Director)
  • Compensation: $8,250
  • Related: $0
  • Other: $0

    • Dan Cournier (President) [Trustee/Director]
  • Compensation: $8,250
  • Related: $0
  • Other: $0

    • Mary Pearl Adams (Director)
  • Compensation: $8,250
  • Related: $0
  • Other: $0

    • Gary Wakefield (Director)
  • Compensation: $8,250
  • Related: $0
  • Other: $0

    • Kennon Kellum (Vice-President) [Trustee/Director]
  • Compensation: $8,250
  • Related: $0
  • Other: $0

    • David Whittlesey (Director)
  • Compensation: $7,750
  • Related: $0
  • Other: $0

    • William Emmons (Director)
  • Compensation: $7,750
  • Related: $0
  • Other: $0

    • Mitchell Huff (Secretary) [Trustee/Director]
  • Compensation: $6,350
  • Related: $0
  • Other: $0


  • Official website here: www.houstoncountyelec.com

    Where can I find the form 990 for Houston County Electric Cooperative Inc?

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


    Official website here: www.houstoncountyelec.com

    Learn more at the official website: www.houstoncountyelec.com

    Mission Statement of Houston County Electric Cooperative Inc

    Houston County Electric Cooperative Inc, a dedicated organization, is committed to delivering reliable electricity to rural communities on a cooperative basis. In addition to ensuring a consistent power supply, the cooperative takes on an essential role in the economic development of the community.

    The Cooperative's primary mission lies in the provision of affordable and dependable electric service. By harnessing the power of collective efforts, the organization is able to offer electricity to its members effectively and efficiently. The team at Houston County Electric Cooperative Inc is dedicated to ensuring that every household and business in the community has access to the electricity they need to thrive.

    Moreover, the cooperative extends its reach beyond the electrical grid, contributing to the economic growth of the community. Through its commitment to economic development, the organization fosters a strong and vibrant local economy. The specifics of their economic development initiatives are not provided in the given information, but it can be assumed that they contribute positively to the community's overall well-being.

    Houston County Electric Cooperative Inc's unwavering dedication to providing reliable electricity and supporting economic development makes it an invaluable asset to its rural community. By working together, the organization and its members ensure a brighter future for all.

    Impact

    This information is meant to be a general summary of Houston County 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

    Houston County Electric Cooperative Inc's impact is significant in providing rural customers with reliable and affordable electricity services. Additionally, the cooperative's efforts in assisting the community with economic development contribute to the overall well-being and growth of the region. This proactive approach helps to improve the quality of life for residents and promote sustainable development in the local area.





    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: $279,321
  • Program Service Revenue: $53,001,787
  • Gross Receipts: $54,239,105

    • Assets and Liabilities:
  • Total Assets: $159,726,259
  • Total Liabilities: $84,863,084
  • Net Assets: $74,863,175
  • Programs

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

    Sale of Electricity

    Revenue

    $53,001,787

    Organization Details

    Founding Year

    1939

    Principal Officer

    Dan Cournier

    Main Address

    PO Box 52 - Loop 304 SE, Crockett, TX, 75835

    NTEE Category

    Code: W80 - Public benefit

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