Overview
What is Shelby Electric Cooperative?
Shelby Electric Cooperative is a nonprofit organization based in Shelbyville, Illinois. They serve communities in Christian, Cumberland, Efingham, Fayette, Macon, Montgomery, Moulrie, Sangamon, and Shelby counties. With approximately 10,000 member-owners, they manage over 2,200 miles of energized lines to deliver reliable electric power and related services at an affordable cost. Their mission is to provide affordable electricity to their communities, ensuring a consistent power supply. Shelby Electric Cooperative employs a team of 67 individuals to carry out their operations.
Official website here: www.shelbyelectric.coop
What are the reviews and ratings of this charity?
Shelby Electric Cooperative is not currently rated by Charity Navigator due to its status outside the 501(c)(3) IRS registered nonprofit category. This absence of rating should not be seen as a judgment on the organization's performance. Rather, it reflects the organization's unique classification and the current limitations of Charity Navigator's assessment framework.
Key data such as revenue, expenses, and salary of key persons is not available for Shelby Electric Cooperative, preventing a comprehensive financial evaluation. It operates independently and is noted in IRS’s Business Master File, but the essential Form 990, which is crucial for financial transparency and accountability, does not apply to it under current evaluation standards.
Despite its lack of a detailed Charity Navigator assessment, Shelby Electric Cooperative remains active, serving its community independently outside the traditional nonprofit structure. There are no user reviews on GreatNonprofits to offer further insights into public perception or service experiences.
This AI summary has been generated from information found on Charity Navigator.
Is Shelby Electric Cooperative legitimate?
Shelby Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Shelby 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 tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $756,683
Professional Fundraising Fees: $0
Other Salaries and Wages: $548,520
For more financial information, click here
Official website here: www.shelbyelectric.coop
What is the mission statement of Shelby Electric Cooperative?
Shelby Electric Cooperative is dedicated to delivering reliable electric power and associated services to its members at an affordable cost. The cooperative's primary objective is to ensure a consistent power supply for its approximately 10,000 member-owners, spread across several counties. With over 2,200 miles of energized lines, Shelby Electric Cooperative strives to keep the power flowing efficiently and affordably to meet the needs of its community. In doing so, it aims to build trust and foster strong relationships with its members.
Official website here: www.shelbyelectric.coop
Who is the CEO of Shelby Electric Cooperative?
Josh M Shallenberger is the Ceo of Shelby Electric Cooperative. The CEO's salary of Shelby Electric Cooperative is $249,231 and their total compensation is $401,083.
Official website here: www.shelbyelectric.coop
What is the revenue of Shelby Electric Cooperative?
Shelby Electric Cooperative's revenue in 2022 was $38,433,374.
Official website here: www.shelbyelectric.coop
Who are the executives of Shelby Electric Cooperative and what are their salaries?
The average compensation at Shelby Electric Cooperative during 2022 was $19,481. There are 67 employees at Shelby Electric Cooperative.
Here are 16 key members and their salaries (Shelby Electric Cooperative's CEO's salary is $249,231 and their total compensation is $401,083):
- Compensation: $249,231
- Related: $0
- Other: $151,852
- Compensation: $123,275
- Related: $0
- Other: $77,328
- Compensation: $122,061
- Related: $0
- Other: $72,691
- Compensation: $138,708
- Related: $0
- Other: $24,378
- Compensation: $129,286
- Related: $0
- Other: $23,879
- Compensation: $97,059
- Related: $0
- Other: $49,355
- Compensation: $12,800
- Related: $0
- Other: $0
- Compensation: $5,400
- Related: $0
- Other: $0
- Compensation: $4,800
- Related: $0
- Other: $0
- Compensation: $4,500
- Related: $0
- Other: $0
- Compensation: $4,500
- Related: $0
- Other: $0
- Compensation: $4,200
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $2,700
- Related: $0
- Other: $0
- Compensation: $2,400
- Related: $0
- Other: $0
- Compensation: $1,800
- Related: $0
- Other: $0
Official website here: www.shelbyelectric.coop
Where can I find the form 990 for Shelby Electric Cooperative?
Shelby Electric Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.shelbyelectric.coop
Learn more at the official website: www.shelbyelectric.coop
Mission Statement of Shelby Electric Cooperative
Shelby Electric Cooperative, a not-for-profit organization, is dedicated to providing dependable electric power and associated services to its members at an affordable cost. With a mission deeply rooted in affordability, this cooperative serves communities in Christian, Cumberland, Efingham, Fayette, Macon, Montgomery, Moulrie, Sangamon, and Shelby counties.
The cooperative boasts an impressive network, covering over 2,200 miles of energized lines, and serving approximately 10,000 member-owners. Shelby Electric Cooperative's commitment to its community extends beyond just electricity. By investing in a reliable electric infrastructure, it ensures the consistent delivery of power that supports the daily lives and economic growth of the areas it serves.
The cooperative's unwavering dedication to affordability sets it apart. It strives to make essential electric services accessible to all its members, ensuring that the cost of power does not place an undue burden on households and businesses. This commitment to affordability and reliability underpins Shelby Electric Cooperative's mission, making it a valuable resource and partner in the communities it serves.
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Impact
October, 2024
Shelby Electric Cooperative plays a crucial role in delivering reliable electric power and related services to its members, impacting the communities it serves across Christian, Cumberland, Effingham, Fayette, Macon, Montgomery, Moultrie, Sangamon, and Shelby counties in Illinois. With approximately 10,000 member-owners and over 2,200 miles of energized line, the cooperative ensures access to affordable electricity, which is essential for both residential and economic development.
By prioritizing the needs of its members, Shelby Electric Cooperative fosters a sense of community and mutual support. It enhances the quality of life for its customers by providing stable energy services, contributing to public benefit, and promoting sustainable practices. The cooperative’s commitment to affordability and reliability not only supports individual households but also aids local businesses and the overall economic vitality of the region.
This information is meant to be a general summary of Shelby Electric Cooperative. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $119,270
- Program Service Revenue: $36,265,354
- Gross Receipts: $38,470,429
Assets and Liabilities:
- Total Assets: $82,582,936
- Total Liabilities: $30,685,582
- Net Assets: $51,897,354
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC REVENUES
Revenue
$34,562,452
CAPITAL CREDITS
Revenue
$1,494,290
MISC ELECTRIC REVENUE
Revenue
$208,612
Organization Details
Founding Year
1938
Phone
(217) 774-3986Principal Officer
Josh M Shallenberger
Main Address
PO BOX 560, SHELBYVILLE, IL, 62565
Website
www.shelbyelectric.coopNTEE Category
Code: W80 - Public benefit
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