Program areas at Bandera Electric Cooperative
Electric division:providing Electric energy to our members at cost on a Cooperative basis through the allocation of patronage capital. There were 40,419 active services at year end.
Energy services division:providing solar energy and energy management solutions to members on a patronage basis through the allocation of patronage capital when cumulative net margins from these services exceeds cumulative losses. There were 435 subscribers at year end.
Fiber division:providing fiber optic broadband internet services to members on a patronage basis through the allocation of patronage capital. There were 10,954 broadband subscribers at year end.
Grants made by Bandera Electric Cooperative
| Grantee | Grant description | Grant year | Amount |
|---|
| Das Greenhaus | Founding Partner Contribution | 2022-12 | $25,000 |
Personnel at Bandera Electric Cooperative
| Name | Title | Compensation | Date of data |
|---|
| William Hetherington | Chief Executive Officer and General Manager | $466,946 | 2022-12-31 |
| Becky Bradburn | Chief Financial Officer | $251,728 | 2023-11-15 |
| John Padalino | General Counsel and Administration Officer / General Counsel and Chief Administration Officer | $307,648 | 2022-12-31 |
| Justin McKenzie | Vice President of Apolloware and Energy Services / Manager of Energy Services | $186,535 | 2022-12-31 |
| Shane Schmidt | Vice President of Bec Fiber / Manager of Bec Fiber / Manager of Fiber Operation | $295,230 | 2022-12-31 |
| ...and 14 more key personnel |
Financials for Bandera Electric Cooperative
| Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $100,946,016 | $87,204,273 | 15.8% |
| Investment income and dividends | $3,991 | $67,558 | -94.1% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $1,000 | $0 | 999% |
| Net gain from sale of non-inventory assets | $26,400 | $-1,034,653 | 102.6% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $82,342 | $124,913 | -34.1% |
| Miscellaneous revenues | $304,805 | $2,826,166 | -89.2% |
| Total revenues | $101,364,554 | $89,188,257 | 13.7% |
Organizations like Bandera Electric Cooperative
| Organization | Type | Location | Revenue |
|---|
| Otero County Electric Cooperative (OCEC) | 501(c)(12) | Cloudcroft, NM | $35,254,461 |
| Farmers Electric Cooperative of New Mexico | 501(c)(12) | Clovis, NM | $47,264,526 |
| Upper Cumberland Electric Membership Corporation (UCEMC) | 501(c)(12) | Carthage, TN | $129,809,494 |
| Wells Rural Electric Company | 501(c)(12) | Wells, NV | $45,338,751 |
| Central Texas Electric Cooperative | 501(c)(12) | Fredericksburg, TX | $70,828,639 |
| Tideland Electric Membership Corporation | 501(c)(12) | Pantego, NC | $52,138,305 |
| Butler Rural Electric Cooperative | 501(c)(12) | Oxford, OH | $37,254,459 |
| Connexus Energy | 501(c)(12) | Ramsey, MN | $266,851,245 |
| Southwest Louisiana Electric Membership Corporation | 501(c)(12) | Lafayette, LA | $295,781,574 |
| Central Valley Electric Cooperative | 501(c)(12) | Artesia, NM | $89,450,287 |
Data update history
January 7, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 6, 2024
Updated personnel
Identified 5 new personnel
December 26, 2023
Used new vendors
Identified 1 new vendor, including
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 29, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Public utilitiesPublic sector nonprofitsHeadquarter / parent organizations
Issues
No issues found
Characteristics
State / local level
General information
- Address
- PO Box 667
- Bandera, TX 78003
- Metro area
- San Antonio-New Braunfels, TX
- County
- Bandera County, TX
- Website URL
- banderaelectric.com/en-us/Â
- Phone
- (866) 226-3372
IRS details
- EIN
- 74-0498072
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1938
- Eligible to receive tax-deductible contributions (Pub 78)
- No
Categorization
- NTEE code, primary
- W80: Public Utilities
- NAICS code, primary
- 2211: Electric Power Generation, Transmission, and Distribution Establishments
- Parent/child status
- Central organization
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