Overview
What is Lea County Electric Cooperative Inc?
Lea County Electric Cooperative Inc is a community-focused nonprofit organization based in Lovington, New Mexico. Their primary mission is to provide electric energy to rural areas at a cooperative cost. With a total of 85 employees, they allocate patronage capital to sell electric power to their 16,295 members at year end. Lea County Electric Cooperative strives to be innovative and environmentally friendly, making a significant contribution to the local community.
Official website here: www.lcecnet.com
Is Lea County Electric Cooperative Inc legitimate?
Lea County Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Lea 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: $837,670
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,932,931
For more financial information, click here
Official website here: www.lcecnet.com
What is the mission statement of Lea County Electric Cooperative Inc?
Lea County Electric Cooperative Inc is a community-focused cooperative that strives for innovation and environmental friendliness. Its primary mission is to provide electric energy to rural areas at a cooperative cost. The cooperative allocates patronage capital, selling electric power to its members at cost. With 16,295 connected members at year end, Lea County Electric Cooperative works to bring affordable electricity to its community. It is dedicated to delivering electricity in a responsible and sustainable manner, ensuring reliability and efficiency. The cooperative's commitment to its members goes beyond just power supply, as it also seeks to contribute positively to the local community.
Official website here: www.lcecnet.com
Who is the CEO of Lea County Electric Cooperative Inc?
Bobby Ferris is the Secretary/Treasurer of Lea County Electric Cooperative Inc.
Official website here: www.lcecnet.com
What is the revenue of Lea County Electric Cooperative Inc?
Lea County Electric Cooperative Inc's revenue in 2022 was $119,152,075.
Official website here: www.lcecnet.com
Who are the executives of Lea County Electric Cooperative Inc and what are their salaries?
The average compensation at Lea County Electric Cooperative Inc during 2022 was $56,125. There are 85 employees at Lea County Electric Cooperative Inc.
Here are 15 key members and their salaries:
- Bobby Ferris (General Manager/Executive Vp)
- Michael Faris (Accounting Manager)
- Bobby Kimbro (System Operating Manager)
- Douglas Gruenewald (Foreman)
- Charles Robinson (Engineer)
- Delton Jones (Systems Operations)
- Robert Caudle (Vice President) [Trustee/Director]
- Randall Mccormick (Trustee)
- Charles Kinsolving (Trustee)
- John Graham (President) [Trustee/Director]
- Dan Hardin (Secretary/Treasurer) [Trustee/Director]
- Kenny Wallace (Trustee)
- Charles Garner Jr (Trustee)
- Jason Swann (Trustee)
- Travis Glenn (Trustee)
Official website here: www.lcecnet.com
Where can I find the form 990 for Lea County Electric Cooperative Inc?
The Lea County Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.lcecnet.com
Learn more at the official website: www.lcecnet.com
Mission Statement of Lea County Electric Cooperative Inc
Lea County Electric Cooperative Inc, a community-focused cooperative, is dedicated to providing electric energy to rural areas at a cost-effective price. The cooperative's mission is to allocate patronage capital for the sale of electric power to its members on a cooperative basis. At the end of the year, the cooperative had connected 16,295 members to its electric services.
Lea County Electric Cooperative Inc strives to be innovative and eco-friendly in its operations. It is more than just a power provider; it is a forward-thinking organization that cares for its members and the environment. By offering electric power at a cost that benefits all members, Lea County Electric Cooperative Inc fosters a sense of community and collaboration among its subscribers. Its commitment to innovation ensures that it keeps up with technological advancements and adapts to the evolving energy landscape. Furthermore, its eco-friendly approach means that the cooperative prioritizes the use of sustainable energy sources and practices, making it a responsible partner in the energy sector.
Impact
This information is meant to be a general summary of Lea 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
Lea County Electric Cooperative Inc's impact is significant in providing electric energy to rural areas at cost on a cooperative basis. The cooperative serves a total of 16,295 connected members in the community, ensuring they have access to essential electricity services. Lea County Electric Cooperative Inc's mission is to be community-focused, innovative, and environmentally friendly, reflecting their commitment to serving the public benefit. Their dedication to providing affordable and sustainable electricity contributes positively to the well-being and development of the rural areas they serve.
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
$117,029,377
PATRONAGE DIVIDENDS
Revenue
$2,476,147
SERVICE FEES
Revenue
$153,974
OTHER PROGRAM REVENUE
Revenue
$200
Organization Details
Founding Year
1949
Phone
(575) 396-3631
Principal Officer
Bobby Ferris
Main Address
PO BOX 1447, LOVINGTON, NM, 882601447
Website
www.lcecnet.com
NTEE Category
Code: W80 - Public benefit
If you are a representative of Lea County 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.