Cause IQ organization profile

Clay Electric Cooperative

Program areas | Form 990s | Financials | Vendors | Personnel | Peers

Clay Electric Cooperative is a public utility based in Keystone Heights, FL that was founded in 1937. As of 2019 they had $381 million in revenue and $703 million in assets.

To exceed the expectations of our members by providing excellent customer service and reliable Electric service at competitive rates. To exceed the expectations of our members by providing excellent customer service and reliable Electric service at co...

EIN:
59-0196695
City:
State:
Metro:
Website:
Founded:
1937
Type:
501(c)(12)
NTEE:
Revenue:
$381,355,614
Assets:
$703,472,874
Employees:
533
Fiscal year end:
December
Revenue trends:
Asset trends:

Program areas at Clay Electric Cooperative

Provision of reliable Electric service to consumers in a 15 county area.

Form 990s for Clay Electric Cooperative

Fiscal year endingDate received by IRSFormPDF link
2018-12Feb 10, 2020990View PDF
2017-12Feb 21, 2019990View PDF
2016-12Jan 18, 2018990View PDF
2015-12Feb 8, 2017990OView PDF
2014-12Oct 8, 2015990OView PDF
...and five more Form 990 PDFs

Financials for Clay Electric Cooperative

Field2018
Total grants, contributions, etc.$0
Program services$380,736,684
Investment income and dividends$235,240
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$46,369
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$337,321
Total revenues$381,355,614

Vendors for Clay Electric Cooperative

VendorServicesAmount paidDate
Metropolitan Life Insurance CompanyInsurance2019-12-31
████ █████████ ██████ ██ ███████Contract Administrator$25,0002019-12-31
██████ █████ ███Insurance agent or broker$25,9252019-12-31
██████ ██ ███████ ███Insurance agent or broker$12019-12-31
████ █████████ ███████ ██ █████ ███████Insurance2019-12-31
█████Insurance2019-12-31
██████Insurance2019-12-31
████████ ████ █████████ ███████████Insurance2019-12-31
...and 78 more vendors

Personnel at Clay Electric Cooperative

NameTitleCompensationMost recent data
Richard K DavisGeneral Manager and Chief Executive Officer$620,876Feb. 10, 2020
Frank HolmesChief Operating Officer$209,324Dec. 31, 2018
███████ █ ███████Chief Financial Officer$212,487Dec. 31, 2018
██████ ████Chief Information Officer$196,974Dec. 31, 2018
██████ ██████Chief Public Relations Officer$187,475Dec. 31, 2018
██████ █ ████Director - Operations$153,327Dec. 31, 2017
██████ █ ██████Division Manager - Substatio$164,316Dec. 31, 2018
███████ ████████Division Manager - Opr and Supp$162,059Dec. 31, 2018
████ █████District Manager - GV and LC$180,300Dec. 31, 2018
████ ████████President$19,900March 17, 2020
...and six more key personnel

Peer public utilities

 NameTypeRevenueLocation
1Lee County Electric Cooperative (LCEC)501(c)(12)$425 millionNorth Fort Myers, FL
2Talquin Electric Cooperative501(c)(12)$132 millionQuincy, FL
3Sumter Electric Cooperative501(c)(12)$394 millionSumterville, FL
4Four County Electric Membership Corporation501(c)(12)$101 millionBurgaw, NC
5Palmetto Electric Cooperative501(c)(12)$176 millionRidgeland, SC
6Central Power Electric Cooperative501(c)(12)$190 millionMinot, ND
7Southern Pine Electric501(c)(12)$209 millionTaylorsville, MS
8Blue Ridge Mountain Electric Membership Corporation501(c)(12)$98 millionYoung Harris, GA
9Joe Wheeler Electric Membership Corporation501(c)(12)$158 millionTrinity, AL
10The Satilla Rural Electric Membership Corporation501(c)(12)$120 millionAlma, GA
11Walton EMC501(c)(12)$314 millionMonroe, GA
12Meriwether Lewis Electric Cooperative501(c)(12)$104 millionCenterville, TN
13Homer Electric Association501(c)(12)$98 millionHomer, AK
14Aiken Electric Cooperative501(c)(12)$124 millionAiken, SC
15Great Lakes Energy Cooperative501(c)(12)$209 millionBoyne City, MI
16Central Electric Power Cooperative501(c)(12)$1.3 billionColumbia, SC
17Choctawhatchee Electric Cooperative (CHELCO)501(c)(12)$115 millionDefuniak Springs, FL
18Withlacoochee River Electric Cooperative501(c)(12)$484 millionDade City, FL
19Peace River Electric Cooperative501(c)(12)$98 millionWauchula, FL
20Horry Electric Cooperative501(c)(12)$173 millionConway, SC
21Georgia Energy Cooperative501(c)(12)$194 millionTucker, GA
22Nebraska Electric G and T Cooperative501(c)(12)$245 millionColumbus, NE
23Coweta-Fayette Emc501(c)(12)$183 millionPalmetto, GA
24East Central Energy501(c)(12)$127 millionBraham, MN
25GreyStone Power Corporation501(c)(12)$305 millionDouglasville, GA