South Central Power Company

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 314311730 ✦ Lancaster, OH ✦ Designated as a 501(c)(12)

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Overview

What is South Central Power Company?

South Central Power Company, based in Lancaster, Ohio, is a nonprofit organization that specializes in selling electricity and related services to its members. Their mission is to enrich the lives of their community by ensuring the provision of safe and reliable power. With a team of 271 employees, they are dedicated to delivering value to their members through dependable services. Their operations are located at 720 Mill Park Drive.


Official website here: www.southcentralpower.com

Is South Central Power Company legitimate?

South Central Power Company is a legitimate nonprofit organization registered as a 501(c)(12) entity. South Central Power Company 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 tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $2,552,371
Professional Fundraising Fees: $0
Other Salaries and Wages: $23,358,353

For more financial information, click here


Official website here: www.southcentralpower.com

What is the mission statement of South Central Power Company?

South Central Power Company is dedicated to enhancing the lives of its members by providing them with reliable and safe electric services. The mission of the company is to deliver value through the consistent and trustworthy supply of power. By prioritizing safety and dependability, South Central Power Company aims to make a positive impact on the daily lives of its customers. The goal is to build a strong connection with the community and contribute to their overall well-being. By focusing on the provision of essential electric services, the company strives to ensure a better quality of life for its members.


Official website here: www.southcentralpower.com

Who is the CEO of South Central Power Company?

Richard Lemonds is the President/Ceo of South Central Power Company. The CEO's salary of South Central Power Company is $520,049 and their total compensation is $848,008.


Official website here: www.southcentralpower.com

What is the revenue of South Central Power Company?

South Central Power Company's revenue in 2022 was $369,451,843.


Official website here: www.southcentralpower.com

Who are the executives of South Central Power Company and what are their salaries?

The average compensation at South Central Power Company during 2022 was $95,612. There are 271 employees at South Central Power Company.


Here are 20 key members and their salaries (South Central Power Company's CEO's salary is $520,049 and their total compensation is $848,008):


Richard Lemonds (President/Ceo)
  • Compensation: $520,049
  • Related: $0
  • Other: $327,959
Thomas Musick (Vp Operations/Engineering)
  • Compensation: $331,564
  • Related: $0
  • Other: $146,433
Allison Saffle (Vp Member Services)
  • Compensation: $288,733
  • Related: $0
  • Other: $118,349
Rebecca Witt (Chief Financial Officer)
  • Compensation: $298,043
  • Related: $0
  • Other: $102,761
Chris Hall (Senior Director Of Safety & Labor Relations)
  • Compensation: $193,160
  • Related: $0
  • Other: $68,345
Aaron Shambrock (Director Of Technical Services)
  • Compensation: $169,493
  • Related: $0
  • Other: $73,571
Justin Lape (Director Of Information Technology)
  • Compensation: $171,957
  • Related: $0
  • Other: $43,806
Matt Shreyer (Operations Field Coordinator)
  • Compensation: $176,465
  • Related: $0
  • Other: $1,531
Anthony Fowler (Journeyman Lineworker)
  • Compensation: $164,951
  • Related: $0
  • Other: $5,744
Don Frank (Treasurer/Trustee)
  • Compensation: $41,500
  • Related: $0
  • Other: $0
Reed Bailey (Asst Treasurer/Trustee)
  • Compensation: $34,100
  • Related: $0
  • Other: $0
Harold E Cooper (Vice Chairman/Trustee)
  • Compensation: $29,900
  • Related: $0
  • Other: $3,600
Alan Gabriel (Asst Secretary/Trustee)
  • Compensation: $31,600
  • Related: $0
  • Other: $0
James D Evans (Trustee)
  • Compensation: $30,785
  • Related: $0
  • Other: $0
Stephen A Johnson (Trustee)
  • Compensation: $30,785
  • Related: $0
  • Other: $0
Kenneth D Davis (Chairman/Trustee)
  • Compensation: $29,900
  • Related: $0
  • Other: $0
Thomas F Lamb (Secretary/Trustee)
  • Compensation: $29,900
  • Related: $0
  • Other: $0
Franklin Lucas (Trustee)
  • Compensation: $28,900
  • Related: $0
  • Other: $0
Mike Hummel (Asst Vice Chairman/Trustee)
  • Compensation: $27,900
  • Related: $0
  • Other: $0
Michael Vinka (Trustee)
  • Compensation: $27,900
  • Related: $0
  • Other: $0


Official website here: www.southcentralpower.com

Where can I find the form 990 for South Central Power Company?

South Central Power Company's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.southcentralpower.com

Learn more at the official website: www.southcentralpower.com

Mission Statement of South Central Power Company

South Central Power Company, a vital organization, is committed to enriching the lives of its members by ensuring the provision of safe and reliable electric services. The company's primary purpose is to add value to its customers' lives by delivering essential energy resources with unwavering safety and dependability.

Established with a mission to make a difference, South Central Power Company works diligently to meet the energy needs of its community. By focusing on safety and reliability, the company instills confidence in its members and fosters a sense of trust. The organization's dedicated team strives to maintain a consistent power supply and implement measures to ensure the safety of their electrical infrastructure, ultimately contributing to a better quality of life for those it serves.

In summary, South Central Power Company plays an indispensable role in its community by providing essential electric services with unwavering safety and dependability. By focusing on its mission to add value to the lives of its members, the company goes above and beyond to ensure a reliable power supply, instilling trust and confidence in its customers.

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Impact




October, 2024

South Central Power Company significantly impacts its community by providing safe and reliable electricity services to its members. Based in Lancaster, Ohio, the company is dedicated to enhancing the quality of life for its members through dependable energy delivery and additional related services. By focusing on member needs, South Central Power Company plays a vital role in supporting local homes, businesses, and overall community development, ensuring that residents have access to essential utilities that empower their everyday lives.




This information is meant to be a general summary of South Central Power Company. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$369,451,843 (2022)
Expenses
$369,451,843 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,801,836
  • Program Service Revenue: $353,741,480
  • Gross Receipts: $373,292,602

Assets and Liabilities:

  • Total Assets: $740,696,134
  • Total Liabilities: $397,961,185
  • Net Assets: $342,734,949

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Sale of Electricity & Other Services

Revenue

$353,741,480

Organization Details

Founding Year

1936

Principal Officer

Richard Lemonds

Main Address

720 Mill Park Drive, Lancaster, OH, 43130

NTEE Category

Code: W80 - Public benefit

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