Overview
What is Blue Grass Energy Cooperative Corp?
Blue Grass Energy Cooperative Corp, established in 1937, is a nonprofit organization based in Nicholasville, Kentucky. With approximately 62,000 consumers, they provide safe, reliable, and affordable electricity to communities in 23 Kentucky counties. Their cooperative business model allocates patronage capital in the distribution of electricity. Blue Grass Energy's mission goes beyond energy services. They aim to enhance the lives of their members by delivering electricity on a cooperative basis. The organization currently employs around 104 people.
Official website here: www.bgenergy.com
What are the reviews and ratings of this charity?
The Blue Grass Energy Cooperative Corp is currently not rated by Charity Navigator due to its status as a non-501(c)(3) organization, which precludes it from the usual evaluation process that applies primarily to charities. This absence of a rating does not imply positive or negative connotations but highlights the limitations in applying traditional assessment metrics used by Charity Navigator to organizations like Blue Grass Energy.
As an independent cooperative, the Blue Grass Energy Cooperative Corp operates outside the typical structures of national or regional nonprofits, contributing to the lack of available data regarding its financials, such as revenue, expenses, and salaries. Charity Navigator's evaluation system focuses on transparency, financial health, impact, and accountability, but in this case, cannot be effectively applied due to the cooperative's structure and classification.
The lack of available user reviews on GreatNonprofits means there is no direct consumer feedback to form an opinion from the public's perspective. Without this data, it's difficult to gauge the cooperative's community impact or customer satisfaction levels beyond what can be inferred from other aspects of its operational structure.
This AI summary has been generated from information found on Charity Navigator.
Is Blue Grass Energy Cooperative Corp legitimate?
Blue Grass Energy Cooperative Corp is a legitimate nonprofit organization registered as a 501(c)(12) entity. Blue Grass Energy Cooperative Corp 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: $1,393,370
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,285,391
For more financial information, click here
Official website here: www.bgenergy.com
What is the mission statement of Blue Grass Energy Cooperative Corp?
Blue Grass Energy Cooperative Corp has been dedicated to enhancing the lives of its members since 1937. It provides safe, reliable, and affordable energy services on a cooperative basis, with a focus on patronage capital. Serving approximately 62,000 consumers in 23 Kentucky counties, the cooperative's mission is to deliver electricity while improving the quality of life for its members. Through this approach, Blue Grass Energy Cooperative aims to ensure that energy is accessible and affordable to all, contributing to overall community well-being.
Official website here: www.bgenergy.com
Who is the CEO of Blue Grass Energy Cooperative Corp?
Charles Williamson Iii is the Chairman of Blue Grass Energy Cooperative Corp. The CEO's salary of Blue Grass Energy Cooperative Corp is $865,080 and their total compensation is $969,739.
Official website here: www.bgenergy.com
What is the revenue of Blue Grass Energy Cooperative Corp?
Blue Grass Energy Cooperative Corp's revenue in 2022 was $163,075,358.
Official website here: www.bgenergy.com
Who are the executives of Blue Grass Energy Cooperative Corp and what are their salaries?
The average compensation at Blue Grass Energy Cooperative Corp during 2022 was $83,450. There are 104 employees at Blue Grass Energy Cooperative Corp.
Here are 16 key members and their salaries (Blue Grass Energy Cooperative Corp's CEO's salary is $865,080 and their total compensation is $969,739):
- Compensation: $23,400
- Related: $0
- Other: $0
- Compensation: $21,600
- Related: $0
- Other: $0
- Compensation: $21,600
- Related: $0
- Other: $0
- Compensation: $17,700
- Related: $0
- Other: $0
- Compensation: $21,600
- Related: $0
- Other: $0
- Compensation: $20,100
- Related: $0
- Other: $0
- Compensation: $21,900
- Related: $0
- Other: $0
- Compensation: $18,900
- Related: $0
- Other: $0
- Compensation: $865,080
- Related: $0
- Other: $104,659
- Compensation: $179,985
- Related: $0
- Other: $54,702
- Compensation: $145,253
- Related: $0
- Other: $17,056
- Compensation: $136,234
- Related: $0
- Other: $15,846
- Compensation: $137,263
- Related: $0
- Other: $15,336
- Compensation: $130,533
- Related: $0
- Other: $54,543
- Compensation: $131,344
- Related: $0
- Other: $53,285
- Compensation: $16,068
- Related: $0
- Other: $0
Official website here: www.bgenergy.com
Where can I find the form 990 for Blue Grass Energy Cooperative Corp?
Blue Grass Energy Cooperative Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bgenergy.com
Learn more at the official website: www.bgenergy.com
Mission Statement of Blue Grass Energy Cooperative Corp
Blue Grass Energy Cooperative, a mission-driven organization, has been enhancing the lives of its members and communities since 1937. By providing them with safe, reliable, and affordable energy services, the cooperative strives to make a difference. Blue Grass Energy serves approximately 62,000 consumers across Kentucky, ensuring the allocation of patronage capital to distribute electricity on a cooperative basis.
At the heart of Blue Grass Energy's mission is the commitment to offering a consistent energy supply that guarantees the improved quality of life for its members. The cooperative's team works diligently to ensure the provision of electricity that is not only safe and dependable but also affordably priced. This approach helps to foster a sense of community and cooperation among its members, who reap the benefits of their collective investment in the organization.
By distributing electricity on a patronage basis, Blue Grass Energy Cooperative sets itself apart as a responsible and community-oriented energy provider. The cooperative's unwavering dedication to serving its members extends beyond simply delivering electricity. It is a commitment to a better life for all those it serves, reinforcing the belief that energy is more than just a commodity - it is a vital component of a thriving community.
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Impact
October, 2024
Blue Grass Energy Cooperative Corp significantly enhances the quality of life for its members and the communities it serves across 23 counties in Kentucky. Since its founding in 1937, the cooperative has focused on providing safe, reliable, and affordable energy services to approximately 62,000 consumers. By operating on a patronage model, Blue Grass Energy not only delivers electricity but also ensures that its services reflect the needs and interests of its members, fostering a sense of community ownership and mutual benefit.
The cooperative's commitment to its mission translates into vital support for local economies, improved infrastructure, and enhanced living standards. By prioritizing reliability and affordability, Blue Grass Energy empowers its consumers, allowing them to enjoy the benefits of modern energy services while contributing to the economic vitality of the region. Through its operations, Blue Grass Energy plays a crucial role in shaping a sustainable energy future for Kentucky.
This information is meant to be a general summary of Blue Grass Energy Cooperative Corp. 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: -$60,709
- Program Service Revenue: $157,018,460
- Gross Receipts: $163,075,358
Assets and Liabilities:
- Total Assets: $305,801,018
- Total Liabilities: $139,064,177
- Net Assets: $166,736,841
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF ELECTRIC REVENUE
Revenue
$156,703,898
SALE OF ELECTRIC MERCHANDISE
Revenue
$314,562
Organization Details
Founding Year
1937
Phone
(859) 885-4191Principal Officer
Charles Williamson Iii
Main Address
PO BOX 990, NICHOLASVILLE, KY, 403400990
Website
www.bgenergy.comNTEE Category
Code: Y22 - Mutual benefit
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