Clay Electric Cooperative Inc

Organization Overview

Clay Electric Cooperative Inc is located in Keystone Heights, FL. The organization was established in 1959. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Clay Electric Cooperative Inc employed 519 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clay Electric Cooperative Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.

For the year ending 12/2021, Clay Electric Cooperative Inc generated $374.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $374.6m during the year ending 12/2021. While expenses have increased by 0.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO EXCEED THE EXPECTATIONS OF OUR MEMBERS BY PROVIDING EXCELLENT CUSTOMER SERVICE AND RELIABLE ELECTRIC SERVICES AT COMPETITIVE RATES WHILE MAINTAINING THE FINANCIAL STABILITY OF THE COOPERATIVE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVISION OF RELIABLE ELECTRIC SERVICE TO CONSUMERS IN A 15 COUNTY AREA.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Musgrove Construction Llc
Construction Services
$3,471,246
All Reliable Services Inc
Row Labor
$2,871,686
Pike Electric Llc
Construction Services
$2,562,131
Baird Tree Company Inc
Row Labor
$1,659,141
Asplundh Tree Expert Llc
R/w Labor
$2,415,856
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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$374,089,323
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $46,234
Net Gain/Loss on Asset Sales $252,830
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $374,561,378

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