Overview
What is Southern Illinois Power Cooperative?
Southern Illinois Power Cooperative is a nonprofit organization headquartered at 11543 Lake of Egypt Road, Marion, Illinois (62959). Their primary mission involves generating and transmitting electricity to member distribution cooperatives. In simpler terms, they produce and distribute wholesale power to various cooperatives for the advantage of their members and their communities. They are dedicated to ensuring a dependable, cost-effective, and environmentally responsible power supply for their cooperative members. The cooperative employs a total of 89 individuals.
Official website here: www.sipower.org
Is Southern Illinois Power Cooperative legitimate?
Southern Illinois Power Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Southern Illinois Power 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: $2,375,548
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,267,464
For more financial information, click here
Official website here: www.sipower.org
What is the mission statement of Southern Illinois Power Cooperative?
The Southern Illinois Power Cooperative is dedicated to providing their member systems with highly reliable, reasonably-priced, and environmentally responsible wholesale power. Their ultimate goal is to benefit not only the members but also their communities. Through generating and transmitting electricity, the cooperative strives to ensure a consistent power supply, enabling sustainable growth and development for the communities they serve.
Official website here: www.sipower.org
Who is the CEO of Southern Illinois Power Cooperative?
Donald Gulley is the CEO of Southern Illinois Power Cooperative The CEO's salary of Southern Illinois Power Cooperative is $610,605 and their total compensation is $774,043.
Official website here: www.sipower.org
What is the revenue of Southern Illinois Power Cooperative?
Southern Illinois Power Cooperative's revenue in 2023 was $180,838,082.
Official website here: www.sipower.org
Who are the executives of Southern Illinois Power Cooperative and what are their salaries?
The average compensation at Southern Illinois Power Cooperative during 2023 was $164,528. There are 89 employees at Southern Illinois Power Cooperative.
Here are 39 key members and their salaries (Southern Illinois Power Cooperative's CEO's salary is $610,605 and their total compensation is $774,043):
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- Other: $75,538
Official website here: www.sipower.org
Where can I find the form 990 for Southern Illinois Power Cooperative?
Southern Illinois Power Cooperative's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.sipower.org
Learn more at the official website: www.sipower.org
Mission Statement of Southern Illinois Power Cooperative
Southern Illinois Power Cooperative, also known as SIPCo, is a mission-driven organization devoted to delivering highly reliable, reasonably-priced, and environmentally responsible wholesale power to its member systems. By doing so, SIPCo aims to benefit not only the cooperatives but also their communities. The cooperative generates and transmits electricity to its member distribution cooperatives, ensuring a steady power supply for the regions they serve.
SIPCo's commitment to its members and their communities extends beyond just providing electricity. The organization prides itself on being environmentally responsible, striving to minimize its carbon footprint and contribute to a sustainable energy future. This dedication to sustainability not only supports the long-term wellbeing of its members and their communities but also aligns with the growing global emphasis on reducing greenhouse gas emissions.
In pursuit of its mission, SIPCo works diligently to ensure the reliability and affordability of its power sources. By maintaining a strong and efficient power generation and transmission infrastructure, the cooperative is able to provide its members with a consistent and dependable energy supply, which is crucial for the smooth operation of their communities. Moreover, SIPCo's commitment to reasonable pricing ensures that electricity remains accessible to its members, enabling them to power their homes and businesses at a fair cost. Overall, Southern Illinois Power Cooperative is a vital partner to its member systems, working tirelessly to deliver the power they need for the benefit of their communities.
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Impact
October, 2024
Southern Illinois Power Cooperative significantly impacts its region by delivering highly reliable, reasonably priced, and environmentally responsible wholesale electricity. By generating and transmitting electricity to member distribution cooperatives, it ensures that communities benefit from a consistent power supply that meets their needs. The cooperative's focus on environmental responsibility reflects a commitment to sustainable energy practices, contributing to a healthier ecosystem while supporting local economies. This approach not only enhances the quality of life for residents but also fosters economic growth by ensuring a dependable energy infrastructure.
This information is meant to be a general summary of Southern Illinois Power 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 2023.
- Investment Income: $1,095,058
- Program Service Revenue: $179,536,585
- Gross Receipts: $180,979,194
Assets and Liabilities:
- Total Assets: $670,440,755
- Total Liabilities: $532,836,345
- Net Assets: $137,604,410
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF ELECTRICITY
Revenue
$179,227,359
PROG. RELATED INV. - CFC INTEREST
Revenue
$309,226
Organization Details
Founding Year
1948
Principal Officer
Paul Furtak
Website
www.sipower.orgNTEE Category
Code: W80 - Public benefit
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