Central Electric Cooperative Inc

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

EIN: 930137415 ✦ Redmond, OR ✦ Designated as a 501(c)(12)

Overview

What is Central Electric Cooperative Inc?

Central Electric Cooperative Inc, a nonprofit organization, is dedicated to providing electric power to rural communities at the most affordable price, ensuring sound economics and effective management. Their mission is to make electric energy accessible to their members in a cost-conscious and well-managed manner. Although specific details about their programs and initiatives are not mentioned in the information array, it can be inferred that they prioritize the distribution of electricity to their members while maintaining a sustainable business approach.


Official website here: www.cec.coop

Is Central Electric Cooperative Inc legitimate?

Central Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Central 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: $2,296,902
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.cec.coop

What is the mission statement of Central Electric Cooperative Inc?

Central Electric Cooperative Inc is dedicated to making electric energy accessible to its members at the most affordable price, ensuring sound economic practices and good management. The cooperative prioritizes the provision of electricity to rural communities, working to keep costs low while maintaining efficient operations. By focusing on economical energy distribution, Central Electric Cooperative aims to bring the benefits of electric power to its members, enhancing their quality of life.


Official website here: www.cec.coop

Who is the CEO of Central Electric Cooperative Inc?

Brad Wilson is the President/Ceo of Central Electric Cooperative Inc. The CEO's salary of Central Electric Cooperative Inc is $785,813 and their total compensation is $1,555,542.


Official website here: www.cec.coop

What is the revenue of Central Electric Cooperative Inc?

Central Electric Cooperative Inc's revenue in 2022 was $71,137,265.


Official website here: www.cec.coop

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

The average compensation at Central Electric Cooperative Inc during 2022 was $25,521. There are 90 employees at Central Electric Cooperative Inc.

Here are 17 key members and their salaries (Central Electric Cooperative Inc's CEO's salary is $785,813 and their total compensation is $1,555,542):

    Dave Markham (President/Ceo)
  • Compensation: $785,813
  • Related: $55,456
  • Other: $714,273

    • Brad Wilson (Director Of Operations & Engineering)
  • Compensation: $218,178
  • Related: $0
  • Other: $167,155

    • Todd Fehrenbacher (Serviceman)
  • Compensation: $187,241
  • Related: $0
  • Other: $129,891

    • Chris Laite (Lineman)
  • Compensation: $214,895
  • Related: $0
  • Other: $92,180

    • Rawleigh White (Chief Financial Director)
  • Compensation: $243,742
  • Related: $14,615
  • Other: $40,826

    • Grant Perryman (Meter Technician)
  • Compensation: $176,942
  • Related: $0
  • Other: $121,060

    • Jason Beverly (Meter Technician)
  • Compensation: $198,810
  • Related: $0
  • Other: $88,051

    • James Burford (Foreman/Lineman)
  • Compensation: $198,171
  • Related: $0
  • Other: $85,526

    • Boyd Keeton (Director)
  • Compensation: $27,437
  • Related: $2,300
  • Other: $26,973

    • Kip Light (Chairman) [Trustee/Director]
  • Compensation: $8,701
  • Related: $2,100
  • Other: $26,978

    • Tom Strand (Director)
  • Compensation: $4,534
  • Related: $2,300
  • Other: $29,718

    • Beverly Clarno (Director)
  • Compensation: $6,588
  • Related: $2,300
  • Other: $26,973

    • Dan Steelhammer (Director)
  • Compensation: $1,755
  • Related: $3,150
  • Other: $25,117

    • Mark Christie (Director)
  • Compensation: $3,038
  • Related: $1,900
  • Other: $24,596

    • Ken Miltenberger (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $7,301
  • Related: $2,400
  • Other: $15,933

    • Kelly Mcfarlane (Vice Chairman) [Trustee/Director]
  • Compensation: $7,081
  • Related: $2,300
  • Other: $14,891

    • Shane Morgan (Director)
  • Compensation: $0
  • Related: $1,900
  • Other: $11,878


  • Official website here: www.cec.coop

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

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


    Official website here: www.cec.coop

    Learn more at the official website: www.cec.coop

    Mission Statement of Central Electric Cooperative Inc

    Central Electric Cooperative Inc, a dedicated organization, is committed to making electric energy accessible to its members at the most affordable price, without compromising sound economic principles and good management. The cooperative takes pride in distributing electricity to rural communities, prioritizing affordability and efficient business practices.

    Central Electric Cooperative Inc's mission is geared towards ensuring its members have reliable and cost-effective electric energy. To accomplish this, the cooperative employs various programs that cater to the unique needs of rural electric customers. By focusing on economical operations and smart management strategies, Central Electric Cooperative Inc is able to offer its members electricity at the most reasonable rates.

    In summary, Central Electric Cooperative Inc is an essential provider of electric energy to its rural members. Through its mission, the cooperative strives to make electricity affordable and accessible, while maintaining a strong commitment to sound economic practices and good management.

    Impact

    This information is meant to be a general summary of Central 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

    Central Electric Cooperative Inc's impact is focused on providing rural electric customers with access to affordable electric energy through programs designed to ensure economic efficiency and effective management. By fulfilling its mission of making electric energy available to its members at the lowest cost possible, Central Electric Cooperative Inc plays a crucial role in enhancing the quality of life for individuals in rural areas, promoting economic development, and helping to ensure access to 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: $134,903
  • Program Service Revenue: $70,131,913
  • Gross Receipts: $71,137,265

    • Assets and Liabilities:
  • Total Assets: $249,796,984
  • Total Liabilities: $84,948,126
  • Net Assets: $164,848,858
  • Programs

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

    Electric Related Sales

    Revenue

    $69,922,982

    Pole Rental Agreement

    Revenue

    $208,931

    Organization Details

    Founding Year

    1940

    Principal Officer

    Brad Wilson

    Main Address

    PO BOX 846, REDMOND, OR, 97756

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Central 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.