Overview
What is Old Dominion Electric Cooperative?
Old Dominion Electric Cooperative, based in Glen Allen, Virginia, serves as public utility providers. With headquarters in Glen Allen, they reported a significant revenue of $820.96 million last year. Their primary mission is to offer wholesale power to member cooperatives.
Official website here: www.odec.com
Is Old Dominion Electric Cooperative legitimate?
Old Dominion Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Old Dominion Electric Cooperative 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: $4,863,929
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,738,120
For more financial information, click here
What is the mission statement of Old Dominion Electric Cooperative?
Old Dominion Electric Cooperative functions as a provider of wholesale power to member cooperatives. Based in Virginia, the company serves as a public utility, generating significant revenue of over $820 million last year. The cooperative's primary goal is to ensure a consistent and reliable power supply for its members. It strives to maintain and upgrade its infrastructure to meet the growing energy demands of its communities. The cooperative collaborates with various power generation sources to maintain an uninterrupted power supply and invests in research and innovation to improve energy efficiency and sustainability. Additionally, it prioritizes safety and environmental stewardship in all its operations.
Official website here: www.odec.com
Who is the CEO of Old Dominion Electric Cooperative?
Marcus M Harris is the President & Ceo of Old Dominion Electric Cooperative. The CEO's salary of Old Dominion Electric Cooperative is $955,269 and their total compensation is $1,607,363.
Official website here: www.odec.com
What is the revenue of Old Dominion Electric Cooperative?
Old Dominion Electric Cooperative's revenue in 2022 was $1,012,166,528.
Official website here: www.odec.com
Who are the executives of Old Dominion Electric Cooperative and what are their salaries?
The average compensation at Old Dominion Electric Cooperative during 2022 was $102,645. There are 152 employees at Old Dominion Electric Cooperative.
Here are 37 key members and their salaries (Old Dominion Electric Cooperative's CEO's salary is $955,269 and their total compensation is $1,607,363):
- Marcus M Harris (President & Ceo)
- Bryan S Rogers (Sr. Vp & Cfo)
- Kirk D Johnson (Sr Vp Member Engagement)
- Micheal L Hern (General Counsel)
- Peter F Gallini (Vp Power Supply)
- Christopher F Cosby (Sr. Vp Power Supply)
- Allyson Pittman (Vp & Controller)
- Charles B Davis (Vp Operations And Asset Mg)
- Cynthia B Armstrong (Vp Human Resources)
- Dale R Beam (Sr. Vp Power Supply)
- Todd T Brickhouse (Vp & Treasurer)
- John J Burke Jr (Board Member) [Trustee/Director]
- David J Jones (Board Member) [Trustee/Director]
- Earl Currin (Board Member) [Trustee/Director]
- E Garrison Drummond (Board Member) [Trustee/Director]
- Paul Brown (Board Member) [Trustee/Director]
- Chad N Fowler (Board Member) [Trustee/Director]
- Hunter R Greenlaw Jr (Board Member) [Trustee/Director]
- Suzanne S Obenshain (Board Member) [Trustee/Director]
- Keith L Swisher (Board Member) [Trustee/Director]
- Michael K Brown (Board Member) [Trustee/Director]
- Darlene Carpenter (Board Member - Ended 7/2022) [Trustee/Director]
- Jessie R Thomas (Board Member - Started 7/2022) [Trustee/Director]
- Steve Harmon (Vice Chairman) [Trustee/Director]
- Micheal E Malandro (Secretary/Treasurer) [Trustee/Director]
- Gregory S Rogers (Board Member) [Trustee/Director]
- Jeffrey S Edwards (Board Member - Ended 7/2022) [Trustee/Director]
- Jason C Loehr (Board Member - Started 8/2022) [Trustee/Director]
- John D Hewa Jr (Board Member) [Trustee/Director]
- Bradley H Hicks (Board Member) [Trustee/Director]
- John C Lee Jr (Chairman) [Trustee/Director]
- Cary J Logan Jr (Board Member) [Trustee/Director]
- Belvin Williamson Jr (Board Member) [Trustee/Director]
- Christopher S Botulinski (Board Member - Ended 5/2022) [Trustee/Director]
- William K Buchanan (Board Member - Started 5/2022) [Trustee/Director]
- Gregory J Starheim (Board Member - Ended 11/2022) [Trustee/Director]
- Robert A Book Ii (Board Member - Started 12/2022) [Trustee/Director]
Official website here: www.odec.com
Where can I find the form 990 for Old Dominion Electric Cooperative?
The Old Dominion Electric Cooperative’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.odec.com
Learn more at the official website: www.odec.com
Mission Statement of Old Dominion Electric Cooperative
Old Dominion Electric Cooperative, a leading electric cooperative, operates with a mission to provide wholesale power to its member cooperatives. As public utilities, they deliver electricity to various communities, ensuring a reliable power supply. With a strong commitment to their role, Old Dominion Electric Cooperative earned a significant revenue of over $820 million last year, reflecting their success and dedication to their cause.
In essence, Old Dominion Electric Cooperative functions as the power backbone for numerous cooperatives across the board. By delivering wholesale electricity, they empower their cooperative partners to provide essential power services to their respective communities. Their role is crucial in ensuring a steady power supply, enabling daily life and economic progress in the areas they serve.
Old Dominion Electric Cooperative's operations are marked by their unwavering commitment to efficiency and reliability. The company's mission is driven by its dedication to providing the best possible power solutions. Their contributions to the power grid help fuel the success of various communities, supporting their growth and development.
Impact
This information is meant to be a general summary of Old Dominion Electric Cooperative. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Old Dominion Electric Cooperative plays a crucial role in providing wholesale power to its member cooperatives. This ensures that communities have access to a reliable source of electricity to meet their needs. By operating as public utilities, Old Dominion Electric Cooperative contributes to the overall stability and functioning of the power grid in the region. With a total revenue of $820,958,390 last year, the cooperative has a significant economic impact on the communities it serves. Through its mission of providing public benefit, Old Dominion Electric Cooperative helps to support the infrastructure and development of the areas it operates in.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OPERATING REV - MEMBER
Revenue
$979,882,709
OP. REV. - NON-MEMBER
Revenue
$25,426,572
Organization Details
Founding Year
1948
Phone
(804) 747-0592
Principal Officer
Marcus M Harris
Main Address
4201 DOMINION BOULEVARD SUITE 300, GLEN ALLEN, VA, 23060
Website
www.odec.com
NTEE Category
Code: W80 - Public benefit
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