Naknek Electric Association Inc

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

EIN: 920027674 ✦ Naknek, AK ✦ Designated as a 501(c)(12)

Overview

What is Naknek Electric Association Inc?

Naknek Electric Association Inc is a nonprofit organization based in Naknek, Alaska. Their primary mission is to generate and sell electrical energy to the communities of Naknek, South Naknek, and King Salmon. As of December 31, 2022, they had 1,044 electric lines in service. The association employs a team of 26 individuals to carry out this essential function. Their work contributes significantly to the powering of these Alaskan communities.


Official website here: www.naknekelectric.com

Is Naknek Electric Association Inc legitimate?

Naknek Electric Association Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Naknek Electric Association 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: $218,122
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.naknekelectric.com

What is the mission statement of Naknek Electric Association Inc?

Naknek Electric Association Inc focuses on generating and selling electrical energy to communities in need. Specifically, they provide this service to the communities of Naknek, South Naknek, and King Salmon. At the end of 2022, they maintained 1,044 electric lines in service to ensure a reliable energy supply. Their mission is centered on bringing electricity to these communities, enhancing their quality of life and supporting local development. By generating and selling electrical energy, Naknek Electric Association Inc plays a crucial role in powering essential infrastructure and businesses within the served areas. Their commitment extends beyond just energy production, as they strive to ensure a consistent and efficient power supply, enabling the communities they serve to thrive.


Official website here: www.naknekelectric.com

Who is the CEO of Naknek Electric Association Inc?

Mark Huber is the President of Naknek Electric Association Inc.


Official website here: www.naknekelectric.com

What is the revenue of Naknek Electric Association Inc?

Naknek Electric Association Inc's revenue in 2022 was $12,949,477.


Official website here: www.naknekelectric.com

Who are the executives of Naknek Electric Association Inc and what are their salaries?

The average compensation at Naknek Electric Association Inc during 2022 was $8,389. There are 26 employees at Naknek Electric Association Inc.

Here are 15 key members and their salaries:

    Dianne King (General Manager)
  • Compensation: $158,136
  • Related: $0
  • Other: $50,786

    • Jeffery Sinkular (Lineman)
  • Compensation: $141,228
  • Related: $0
  • Other: $46,055

    • Ronald Zimin (Operator)
  • Compensation: $122,715
  • Related: $0
  • Other: $45,669

    • Kenneth Pulice (Operations Manager)
  • Compensation: $114,615
  • Related: $0
  • Other: $43,334

    • Michael James (Operator)
  • Compensation: $108,298
  • Related: $0
  • Other: $45,150

    • Tim Matson (Operator)
  • Compensation: $103,824
  • Related: $0
  • Other: $44,999

    • Earl Hubb (Director)
  • Compensation: $1,275
  • Related: $0
  • Other: $457

    • Tim Mcdermott (President) [Trustee/Director]
  • Compensation: $900
  • Related: $0
  • Other: $457

    • Nanci Lyon (Vice-President) [Trustee/Director]
  • Compensation: $900
  • Related: $0
  • Other: $457

    • Lisa Anderson (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $900
  • Related: $0
  • Other: $457

    • Don Strand (Director)
  • Compensation: $825
  • Related: $0
  • Other: $457

    • Calvin Riddle (Director)
  • Compensation: $300
  • Related: $0
  • Other: $457

    • Dan Seitz (Director)
  • Compensation: $375
  • Related: $0
  • Other: $343

    • Dale Peters (Director)
  • Compensation: $525
  • Related: $0
  • Other: $114

    • Cathryn Stiles (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.naknekelectric.com

    Where can I find the form 990 for Naknek Electric Association Inc?

    The Naknek Electric Association Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.naknekelectric.com

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

    Mission Statement of Naknek Electric Association Inc

    Naknek Electric Association Inc, a key player in the generation and sale of electrical energy, serves the communities of Naknek, South Naknek, and King Salmon in Alaska. Dedicated to providing essential power to these areas, the organization's mission is geared towards meeting the energy needs of the residents.

    With a focus on its core function, Naknek Electric Association Inc works diligently to ensure a consistent electricity supply for the communities it serves. At the end of 2022, this commitment was reflected in the 1,044 electric lines that remained in service, demonstrating the organization's success in fulfilling its mission. By delivering reliable electrical energy, Naknek Electric Association Inc enhances the overall quality of life for the residents, allowing them to carry out their daily activities with ease.

    Naknek Electric Association Inc's vital role in the communities it serves extends beyond the mere provision of electrical energy. As a responsible organization, it strives to maintain and upgrade its infrastructure to ensure the continued delivery of high-quality power. By doing so, it remains steadfast in its commitment to the people it serves and the region's development.

    In summary, Naknek Electric Association Inc makes a significant impact on the lives of the people in Naknek, South Naknek, and King Salmon, Alaska. Through its unwavering dedication to generating and selling electrical energy, it empowers communities and contributes to their overall well-being.

    Impact

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




    Thursday, August 15, 2024

    Naknek Electric Association Inc's impact is significant in providing a crucial service to the communities of Naknek, South Naknek, and King Salmon in Alaska. As of December 31, 2022, the association had 1,044 electric lines in service, demonstrating its reach and importance in ensuring residents have access to electrical energy for their daily needs. By focusing on the generation and sale of electrical energy, Naknek Electric Association Inc plays a vital role in supporting the infrastructure and development of these communities. Through its commitment to providing this essential service, the association contributes to the overall well-being and quality of life of the residents it serves.





    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: $557
  • Program Service Revenue: $12,795,992
  • Gross Receipts: $12,949,477

    • Assets and Liabilities:
  • Total Assets: $48,731,346
  • Total Liabilities: $33,475,865
  • Net Assets: $15,255,481
  • Programs

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

    ELECTRIC REVENUES

    Revenue

    $12,230,427

    OTHER OPERATING REVENUES

    Revenue

    $565,565

    Organization Details

    Founding Year

    1949

    Principal Officer

    Mark Huber

    Main Address

    PO BOX 118, NAKNEK, AK, 99633

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Naknek Electric Association 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.