Lane Electric Cooperative Inc

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

EIN: 930209125 ✦ Eugene, OR ✦ Designated as a 501(c)(12)

Overview

What is Lane Electric Cooperative Inc?

Lane Electric Cooperative Inc is a nonprofit organization based in Eugene, Oregon, serving approximately 10,000 members. They provide electric service through wholesale power purchases, maintaining transmission and distribution facilities, and engaging in overall operational activities. With a team of 47 employees, Lane Electric Cooperative ensures the delivery of electricity to its community, contributing to the comfort and functionality of the area.


Official website here: www.laneelectric.com

Is Lane Electric Cooperative Inc legitimate?

Lane Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Lane 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: $652,850
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,131,736

For more financial information, click here


Official website here: www.laneelectric.com

What is the mission statement of Lane Electric Cooperative Inc?

Lane Electric Cooperative Inc is dedicated to delivering electric service to approximately 10,000 members. Through the wholesale purchase of power and management of transmission and distribution facilities, the cooperative ensures a consistent electricity supply for its community. Their mission encompasses maintaining operational activities to meet the electricity needs of their members effectively. The cooperative's commitment extends beyond just providing electric service, as they aim to ensure a reliable and efficient energy infrastructure for their community. Additionally, they focus on fostering sustainable energy practices and collaborating with industry partners to explore innovative solutions for future energy needs.


Official website here: www.laneelectric.com

Who is the CEO of Lane Electric Cooperative Inc?

Debora D Wilson is the President of Lane Electric Cooperative Inc.


Official website here: www.laneelectric.com

What is the revenue of Lane Electric Cooperative Inc?

Lane Electric Cooperative Inc's revenue in 2022 was $29,293,150.


Official website here: www.laneelectric.com

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

The average compensation at Lane Electric Cooperative Inc during 2022 was $37,970. There are 47 employees at Lane Electric Cooperative Inc.

Here are 16 key members and their salaries:

    Jeffrey Dau (Line Foreman)
  • Compensation: $204,186
  • Related: $0
  • Other: $75,394

    • Debora Wilson (General Manager)
  • Compensation: $262,372
  • Related: $0
  • Other: $14,213

    • Anthony Toncray (Operations Manager)
  • Compensation: $227,035
  • Related: $0
  • Other: $41,405

    • Travis Larsen (Foreman)
  • Compensation: $198,849
  • Related: $0
  • Other: $59,077

    • Herb Anderson (Serviceman)
  • Compensation: $177,294
  • Related: $0
  • Other: $74,176

    • Brian Mattie (Serviceman)
  • Compensation: $161,704
  • Related: $0
  • Other: $63,776

    • Siaosi Panapa (Serviceman)
  • Compensation: $152,282
  • Related: $0
  • Other: $72,823

    • Susan Knudsen Obermeyer (President) [Trustee/Director]
  • Compensation: $20,575
  • Related: $0
  • Other: $0

    • Paula Brown (Director)
  • Compensation: $18,475
  • Related: $0
  • Other: $0

    • Jeanette I Kessler (Director)
  • Compensation: $17,975
  • Related: $0
  • Other: $0

    • Christopher Seubert (Sec/Treasurer) [Trustee/Director]
  • Compensation: $16,700
  • Related: $0
  • Other: $0

    • Kathy Keable (Vice President) [Trustee/Director]
  • Compensation: $14,100
  • Related: $0
  • Other: $0

    • Joy Olgyay (Director)
  • Compensation: $8,750
  • Related: $0
  • Other: $0

    • Kris Martes (Director)
  • Compensation: $5,850
  • Related: $0
  • Other: $0

    • Jack Billings (Director)
  • Compensation: $3,700
  • Related: $0
  • Other: $0

    • Hugh Beurmann (Director)
  • Compensation: $1,700
  • Related: $0
  • Other: $0


  • Official website here: www.laneelectric.com

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

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


    Official website here: www.laneelectric.com

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

    Mission Statement of Lane Electric Cooperative Inc

    Lane Electric Cooperative Inc is a dedicated organization that provides electric service to approximately 10,000 members. Through wholesale power purchases, meticulous maintenance of transmission and distribution facilities, and overseeing operational activities, Lane Electric Cooperative ensures that electricity is consistently delivered to its members. The cooperative's primary focus is on supplying reliable electric service to its community, ensuring that homes and businesses have access to the essential energy they need to thrive. With a commitment to excellence and a member-centric approach, Lane Electric Cooperative plays a vital role in powering the lives of thousands of individuals and families.

    Impact

    This information is meant to be a general summary of Lane 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

    Lane Electric Cooperative Inc plays a crucial role in providing electric service to approximately 10,000 members in Eugene, Oregon. Through wholesale purchase of power, maintenance of transmission and distribution facilities, as well as overall operation activities, Lane Electric Cooperative ensures reliable access to electricity for its members. This impact is significant in supporting the daily lives, businesses, and community activities of those who rely on their 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: $42,378
  • Program Service Revenue: $28,985,238
  • Gross Receipts: $29,310,838

    • Assets and Liabilities:
  • Total Assets: $84,464,864
  • Total Liabilities: $46,016,335
  • Net Assets: $38,448,529
  • Programs

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

    OPERATING REVENUE

    Revenue

    $28,797,013

    POLE RENTAL

    Revenue

    $188,225

    Organization Details

    Founding Year

    1939

    Principal Officer

    Debora D Wilson

    Main Address

    787 BAILEY HILL RD, EUGENE, OR, 97402

    NTEE Category

    Code: W80 - Public benefit

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