Overview
What is Garkane Energy Cooperative Inc?
Garkane Energy Cooperative Inc is a nonprofit organization based in Loa, Utah. They operate as a member-owned rural electric cooperative that provides electricity to their cooperative members. According to the provided information, their expenses are primarily categorized under "Management and General Expenses," with no separate listing for "Program Service Expenses." The cooperative boasts a staff of 77 employees. Their mission remains focused on delivering essential power services to their cooperative members.
Official website here: www.garkaneenergy.com
Is Garkane Energy Cooperative Inc legitimate?
Garkane Energy Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Garkane Energy 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: $1,418,266
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.garkaneenergy.com
What is the mission statement of Garkane Energy Cooperative Inc?
Garkane Energy Cooperative Inc is a member-owned organization dedicated to supplying electricity to its cooperative members. As a rural electric cooperative, its primary mission is to ensure consistent power supply to its consumer-members. Despite the limited information provided, it is clear that the cooperative's mission revolves around providing essential electric services to its members. The cooperative structure allows for a community-centered approach to energy provision, with members having a say in the organization's direction. The cooperative's functional expenses are exclusively allocated to management and general expenses, with no distinct program service expenses reported.
Official website here: www.garkaneenergy.com
Who is the CEO of Garkane Energy Cooperative Inc?
William G Hammon is the President of Garkane Energy Cooperative Inc. The CEO's salary of Garkane Energy Cooperative Inc is $242,286 and their total compensation is $242,286.
Official website here: www.garkaneenergy.com
What is the revenue of Garkane Energy Cooperative Inc?
Garkane Energy Cooperative Inc's revenue in 2022 was $30,678,665.
Official website here: www.garkaneenergy.com
Who are the executives of Garkane Energy Cooperative Inc and what are their salaries?
The average compensation at Garkane Energy Cooperative Inc during 2022 was $18,419. There are 77 employees at Garkane Energy Cooperative Inc.
Here are 20 key members and their salaries (Garkane Energy Cooperative Inc's CEO's salary is $242,286 and their total compensation is $242,286):
- Daniel Mcclendon (Ceo/General Manager)
- Bryant Shakespear (Coo/Engineering Manager)
- Marcus V Lewis (Cfo)
- Daniel Thompson (Subst. Engineer)
- Robert C Wolfley (Garfield Area Mngr)
- Jeffery J Vaughn (Kane Area Mngr)
- Phillip K Burr (Wayne Area Mngr)
- Justin M Miller (Line Super.)
- Guy Timpson (Director)
- William G Hammon (President) [Trustee/Director]
- George A Thompson (Treasurer) [Trustee/Director]
- Tracy Potter (Vice President) [Trustee/Director]
- Raymond A Clark (Treasurer) [Trustee/Director]
- Reed L Munson (Director)
- Terry J Griffiths (Director)
- Rodney R Ence (Director)
- Chad E Williams (Director)
- Andrew D Gant (Director)
- Ronald W Cazier (Director)
- M Ladon Torgersen (Director)
Official website here: www.garkaneenergy.com
Where can I find the form 990 for Garkane Energy Cooperative Inc?
The Garkane Energy Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.garkaneenergy.com
Learn more at the official website: www.garkaneenergy.com
Mission Statement of Garkane Energy Cooperative Inc
Garkane Energy Cooperative Inc, a member-owned rural electric cooperative, is dedicated to providing electricity to its cooperative members and consumers. This nonprofit organization's primary mission is to ensure reliable access to electricity for those in its community. Through its cooperative business model, Garkane Energy Cooperative Inc empowers its members to have a voice in the organization and collectively make decisions that benefit them all. The cooperative's operational focus is solely on managing and delivering essential electric services to its consumer-members. While the available information does not provide specifics on the methods or initiatives Garkane Energy Cooperative Inc uses to achieve its mission, it is clear that the organization's commitment to its members is at its core. By providing electricity to its members, Garkane Energy Cooperative Inc contributes to improving the overall quality of life and supporting the economic development of its community.
Impact
This information is meant to be a general summary of Garkane Energy Cooperative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Garkane Energy Cooperative Inc's impact is primarily focused on providing reliable electricity to its member/consumers in rural areas. As a member-owned cooperative, Garkane Energy plays a crucial role in ensuring that its members have access to essential energy services. By supplying electricity to these communities, Garkane Energy contributes to improving the quality of life and supporting economic development in the areas it serves. Additionally, as a cooperative, Garkane Energy fosters a sense of community ownership and involvement in the provision of electricity, creating a more sustainable and resilient energy system for its members.
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.
Mem Connect Fees
Revenue
$85,945
Mem Electricity Sales
Revenue
$28,730,445
Mem Impact Fees
Revenue
$335,897
Mem Late Fees
Revenue
$132,672
Mem Merchandise Sales
Revenue
$25,532
Organization Details
Founding Year
1938
Phone
(435) 836-2795
Principal Officer
William G Hammon
Main Address
PO Box 465, Loa, UT, 84747
Website
www.garkaneenergy.com
NTEE Category
Code: W80 - Public benefit
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