Northeast Texas Electric Cooperative

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

EIN: 751615421 ✦ Longview, TX ✦ Designated as a 501(c)(12)

Overview

What is Northeast Texas Electric Cooperative?

Northeast Texas Electric Cooperative (NTEC) is a nonprofit organization headquartered at 2221 H G Mosley Parkway 100, Longview, Texas, 75604. NTEC specializes in providing wholesale electric energy to six electric distribution cooperatives located within the state. These member cooperatives further distribute electricity to approximately 165,000 retail consumers. NTEC's primary focus is on generating, purchasing, and transmitting electric power. The cooperative's mission is to ensure the reliable delivery of electric energy to its members, enabling them to provide electricity to their respective communities. NTEC's team consists of a small workforce of four individuals.


Is Northeast Texas Electric Cooperative legitimate?

Northeast Texas Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Northeast Texas Electric Cooperative 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: $847,938
Professional Fundraising Fees: $0
Other Salaries and Wages: $78,557

For more financial information, click here


What is the mission statement of Northeast Texas Electric Cooperative?
Who is the CEO of Northeast Texas Electric Cooperative?
What is the revenue of Northeast Texas Electric Cooperative?
Who are the executives of Northeast Texas Electric Cooperative and what are their salaries?
Where can I find the form 990 for Northeast Texas Electric Cooperative?

Mission Statement of Northeast Texas Electric Cooperative

Northeast Texas Electric Cooperative (NTEC) is a key player in the electric power industry, dedicated to providing wholesale electric generating, purchasing, and transmission services to its six member electric cooperatives. These cooperatives then distribute electricity to over 165,000 retail members, expanding the reach of NTEC's mission.

In essence, NTEC acts as a vital power supplier for its cooperative members, ensuring a consistent and reliable flow of electric energy. By pooling resources and expertise, NTEC enables its cooperatives to provide affordable and efficient electricity to their communities, underscoring its importance as a behind-the-scenes catalyst for powering homes and businesses across the region.

Through its wholesale electric generating, purchasing, and transmission functions, NTEC plays a critical role in the electric power value chain. Its mission is to foster a robust and sustainable electric power infrastructure, ultimately contributing to the overall economic growth and well-being of the communities it serves.

Impact

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




Thursday, August 15, 2024

Northeast Texas Electric Cooperative's impact is significant as it provides wholesale electric generating, purchasing, and transmission services to its member electric cooperatives. This helps ensure reliable and affordable electricity for over 165,000 retail members in the region. Through its operations, NTEC plays a crucial role in supporting local communities by enabling the distribution of electricity to homes, businesses, and essential services.





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: $287,548
  • Program Service Revenue: $309,515,620
  • Gross Receipts: $309,803,168

    • Assets and Liabilities:
  • Total Assets: $321,398,197
  • Total Liabilities: $195,922,102
  • Net Assets: $125,476,095
  • Programs

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

    Patronage Captial Credits

    Revenue

    $2,419,804

    Wholesale Power Sales

    Revenue

    $307,095,816

    Organization Details

    Founding Year

    1978

    Principal Officer

    Caleb Head

    Main Address

    2221 H G Mosley Parkway 100, Longview, TX, 75604

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Northeast Texas Electric Cooperative 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.