Overview
What is Barc Electric Cooperative?
Barc Electric Cooperative is a nonprofit organization based in Virginia, serving communities in the counties of Allegheny, Augusta, Bath, Highland, and Rockbridge. Their primary mission is to ensure the provision of safe and dependable electricity to their members. According to their expenses, the three largest programs are the cost of power, fiber lease expenses, and BarConnect expenses. By focusing on these areas, Barc Electric Cooperative strives to deliver power efficiently and effectively to its members. Their team consists of 67 employees, dedicated to fulfilling the cooperative's mission of reliable energy services.
Official website here: www.barcelectric.com
What are the reviews and ratings of this charity?
Barc Electric Cooperative is currently not rated by Charity Navigator due to its classification outside of 501(c)(3) status. Charity Navigator requires an Accountability & Finance or Impact & Measurement beacon for evaluation, but such assessments aren't applicable to Barc Electric as it operates independently and does not fit within the specific tax-exempt criteria needed. The absence of a rating simply reflects that an evaluation has not occurred, rather than suggesting any specific organizational strengths or weaknesses.
Without specific data on revenue, expenses, or key personnel salaries, it's challenging to assess financial transparency or accountability using Charity Navigator's traditional metrics. Historical measures predominantly focused on financial accountability, which limits the scope of analysis for this cooperative. Furthermore, without the ability to assess leadership, adaptability, community impact, or cultural aspects under current metrics, the full operational profile remains incomplete.
There are no user reviews available from GreatNonprofits, leaving a gap in understanding community and client experiences with Barc Electric Cooperative. Without this qualitative feedback, it is difficult to gain insight into public perception or direct impact on stakeholders, which often supplements quantitative data in assessing a nonprofit's overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Barc Electric Cooperative legitimate?
Barc Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Barc 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: $808,453
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,612,363
For more financial information, click here
Official website here: www.barcelectric.com
What is the mission statement of Barc Electric Cooperative?
Barc Electric Cooperative is committed to delivering safe and dependable electricity to its members. This mission is reflected in the three largest program services the cooperative prioritizes, which are the cost of power, fiber lease expenses, and BarConnect expenses. By focusing on these areas, Barc Electric Cooperative ensures the reliable flow of electricity to communities in Virginia. The cooperative's unwavering dedication to its members allows them to enjoy the benefits of electricity with peace of mind.
Official website here: www.barcelectric.com
Who is the CEO of Barc Electric Cooperative?
Courtney Perdue is the Ceo of Barc Electric Cooperative. The CEO's salary of Barc Electric Cooperative is $216,923 and their total compensation is $296,577.
Official website here: www.barcelectric.com
What is the revenue of Barc Electric Cooperative?
Barc Electric Cooperative's revenue in 2022 was $38,312,606.
Official website here: www.barcelectric.com
Who are the executives of Barc Electric Cooperative and what are their salaries?
The average compensation at Barc Electric Cooperative during 2022 was $80,908. There are 67 employees at Barc Electric Cooperative.
Here are 15 key members and their salaries (Barc Electric Cooperative's CEO's salary is $216,923 and their total compensation is $296,577):
- Compensation: $216,923
- Related: $0
- Other: $79,654
- Compensation: $180,316
- Related: $0
- Other: $49,564
- Compensation: $142,777
- Related: $0
- Other: $27,919
- Compensation: $127,517
- Related: $0
- Other: $25,634
- Compensation: $122,288
- Related: $0
- Other: $27,410
- Compensation: $116,167
- Related: $0
- Other: $26,734
- Compensation: $119,637
- Related: $0
- Other: $22,293
- Compensation: $112,598
- Related: $0
- Other: $17,756
- Compensation: $15,900
- Related: $0
- Other: $0
- Compensation: $15,900
- Related: $0
- Other: $0
- Compensation: $15,900
- Related: $0
- Other: $0
- Compensation: $15,900
- Related: $0
- Other: $0
- Compensation: $15,900
- Related: $0
- Other: $0
- Compensation: $15,900
- Related: $0
- Other: $0
- Compensation: $15,900
- Related: $0
- Other: $0
Official website here: www.barcelectric.com
Where can I find the form 990 for Barc Electric Cooperative?
Barc Electric Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.barcelectric.com
Learn more at the official website: www.barcelectric.com
Mission Statement of Barc Electric Cooperative
Barc Electric Cooperative, a mission-driven organization, dedicates itself to providing safe and reliable power to the communities it serves in the Commonwealth of Virginia. Located in the counties of Allegheny, Augusta, Bath, Highland, and Rockbridge, this cooperative is committed to ensuring that its members have uninterrupted access to electricity.
Three significant program areas contribute the most to achieving Barc Electric Cooperative's objectives. First, the cooperative invests substantial resources in procuring power for its members. This focus on power generation and distribution allows Barc Electric Cooperative to deliver consistent, high-quality electricity to its communities.
Second, the cooperative dedicates a considerable portion of its budget to fiber lease expenses. By investing in advanced communication infrastructure, Barc Electric Cooperative is able to efficiently manage its power grid and ensure that any issues are addressed promptly. This commitment to maintaining a robust and modern infrastructure underpins the cooperative's mission to provide reliable power to its members.
Lastly, Barc Electric Cooperative prioritizes the implementation of its proprietary technology platform, BarConnect. This innovative system enables the cooperative to streamline its operations and offer enhanced services to its members. By leveraging data and analytics, Barc Electric Cooperative can proactively identify potential power outages and respond to maintenance needs before they escalate into larger issues, ultimately contributing to the overall reliability of the power supply.
In summary, Barc Electric Cooperative is a dedicated organization that puts the needs of its Virginia-based members first. By focusing on safe and reliable power provision, investing in advanced infrastructure, and leveraging innovative technology, the cooperative is able to maintain a consistent electricity supply and deliver value to the communities it serves.
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Impact
October, 2024
Barc Electric Cooperative plays a crucial role in ensuring that residents of Alleghany, Augusta, Bath, Highland, and Rockbridge counties in Virginia receive safe and reliable electricity. The cooperative is dedicated to maintaining the quality of its power supply, which is reflected in its significant investments, such as over $14 million allocated to the cost of power.
In addition to electric services, Barc Electric Cooperative is also engaged in enhancing connectivity in the region through initiatives like fiber lease services, amounting to nearly $7 million in expenses. Additionally, the cooperative operates the BarConnect program, which contributes around $6.4 million, further underscoring its commitment to improving both utility and communication services for its members.
By focusing on these vital services, Barc Electric Cooperative not only supports the daily needs of its members but also fosters community development and economic resilience within the areas it serves. The cooperative's impact extends beyond just providing electricity; it enhances the overall quality of life and supports local initiatives that benefit the community.
This information is meant to be a general summary of Barc 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: $999,512
- Program Service Revenue: $27,473,341
- Gross Receipts: $38,335,534
Assets and Liabilities:
- Total Assets: $171,302,086
- Total Liabilities: $134,588,653
- Net Assets: $36,713,433
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE AND DIST. OF ELECT.
Revenue
$27,158,560
PATRONAGE ALLOC. RECEIVED
Revenue
$290,934
CONTRIB. IN AID OF CONST.
Revenue
$23,847
Organization Details
Founding Year
1938
Phone
(800) 846-2272Principal Officer
Courtney Perdue
Main Address
PO BOX 264, MILLBORO, VA, 244600264
Website
www.barcelectric.comNTEE Category
Code: W50 - Public benefit
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