Lee County Electric Cooperative Inc

Organization Overview

Lee County Electric Cooperative Inc is located in North Fort Myers, FL. The organization was established in 1945. 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 12/2022, Lee County Electric Cooperative Inc employed 465 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lee County 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 12/2022, Lee County Electric Cooperative Inc generated $626.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $614.8m during the year ending 12/2022. While expenses have increased by 6.6% 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

LEE COUNTY ELECTRIC COOPERATIVE, INC. (LCEC) PROVIDES ELECTRIC TRANSMISSION AND DISTRIBUTION SERVICES TO RESIDENTIAL AND BUSINESS CUSTOMERS WITHIN THE COOPERATIVE'S SERVICE TERRITORY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

UTILIZING APPROXIMATELY 8,850 MILES OF DISTRIBUTION LINES, LEE COUNTY ELECTRIC COOPERATIVE, INC. PROVIDED 4,419,070,926 KILOWATT HOURS OF ELECTRIC ENERGY TO ITS CUSTOMERS LOCATED IN ITS SERVICE TERRITORY. THE SERVICE TERRITORY INCLUDED CAPE CORAL, NORTH FORT MYERS, MARCO ISLAND, SANIBEL AND CAPTIVA ISLANDS, PINE ISLAND, EVERGLADES CITY, IMMOKALEE, AVE MARIA, AND PARTS OF LEHIGH ACRES (ALL IN THE STATE OF FLORIDA).


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Board, Officers & Key Employees

Name (title)Compensation
Denise M Vidal
Evp/ceo
$645,282
Sarah Bullock
Director, Finance & Supply Chain/cfo
$316,695
Edward Nagy
Director, It/cio
$293,153
Rodney C Hawkins
Director, Electric Operatons
$305,714
Karen Ryan
Director, Public Relations
$287,845
Walter Ruth
Manager, Operations Business Support
$255,386

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Southeast Power Corporation
Maintenance & Construction
$28,961,553
Stuart C Irby Co
Electric Distribution
$18,836,945
Wesco Distribution
Electric Distribution
$27,353,837
Haugland Energy Group
Maintenance & Construction
$17,444,997
Mastec North America Inc
Maintenance & Construction
$15,899,576
View All Vendors

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$619,628,774
Investment income $204,744
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $6,342,938
Net Gain/Loss on Asset Sales $46,145
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $4,596
Miscellaneous Revenue$0
Total Revenue $626,227,197

Grants Awarded

Over the last fiscal year, Lee County Electric Cooperative Inc has awarded $67,500 in support to 2 organizations.

Grant RecipientAmount

UNITED WAY OF LEE COUNTY

PURPOSE: United Way campaign funds stay in the local community to help support the local human services network. United Way partner agencies and initiatives like Alvin A. Dublin Alzheimer's Resource Center, Children's Advocacy Center, Big Brothers Big Sisters, LARC and United Way 211 serve a diverse range of needs in our community, such as nurturing children and youth, strengthening families, meeting critical need such as helping the elderly and disabled live independently, and empowering communities by bringing health and human services to neighborhoods. A portion of the contributions that are made to the United Way helps to fund the "Power to Share" program. This program provides short-term emergency assistance funding for qualifying LCEC customers wo are unable to pay their electric bills due to financial hardship

$60,000

HORIZON FOUNDATION INC

PURPOSE: The Horizon Foundation, a charitable 501(c)(3) organization, was established to provide a funding vehicle for businesses to invest in the longterm economic development and vitality of Lee County. The Foundation raises private sector money to support the efforts of the Lee County Economic Development Office and the Horizon Council in order to improve the area's business climate. LCEC participates regularly on committees and regional initiatives. Funding is partly in support of the Industry Appreciation of area leaders and companies

$7,500
View Grant Profile

Peer Organizations

Organization NameAssets
Powersouth Energy Cooperative
Andalusia, AL
$852,552,468
Jackson Electric Membership Corp
Jefferson, GA
$643,216,865
Lee County Electric Cooperative Inc
North Fort Myers, FL
$626,227,197
Withlacoochee River Electric Cooperative Inc
Dade City, FL
$584,081,760
Sumter Electric Cooperative Inc
Sumterville, FL
$537,389,478
Clay Electric Cooperative Inc
Keystone Heights, FL
$477,827,474
Cobb Electric Membership Corporation
Marietta, GA
$472,050,608
Sawnee Electric Membership Corp
Cumming, GA
$448,226,229
Walton Emc
Monroe, GA
$395,538,453
Georgia Transmission Corporation
Tucker, GA
$380,617,270
Greystone Power Corporation An Electric Membership Corporation
Douglasville, GA
$337,482,416
Flint Electric Membership Corporation
Reynolds, GA
$250,834,907
Snapping Shoals Electric Membership Corp
Covington, GA
$236,987,219
Electric Membership Corp Baldwin County Electric Membership Corp
Summerdale, AL
$203,404,619
Coweta Fayette Electric Membership
Palmetto, GA
$208,232,760
Joe Wheeler Electric Membership Corporation
Trinity, AL
$182,521,630
Central Georgia Electric Membership Corp
Jackson, GA
$159,172,579
Colquitt Electric Membership Corp
Moultrie, GA
$161,729,916
Talquin Electric Cooperative Inc
Quincy, FL
$155,209,914
Cullman Electric Cooperative
Cullman, AL
$145,062,218
Choctawhatchee Electric Cooperative Inc
Defuniak Springs, FL
$149,247,583
Carroll Electric Membership Corp
Carrollton, GA
$141,687,883
Satilla Rural Electric Membership Corp
Alma, GA
$140,969,105
Peace River Electric Cooperative Inc
Wauchula, FL
$140,368,590
Georgia Energy Cooperative An Electric Membership Corporation
Tucker, GA
$130,149,643

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