Overview
What is Prince George Electric Cooperative?
Prince George Electric Cooperative (PGEC) is a nonprofit organization serving over 12,000 electricity meters across six counties, spanning 1,300 miles of power lines. Their diverse membership comprises households, businesses of various sizes, commercial and industrial entities, agriculture, schools, and churches. PGEC's primary mission revolves around the sale and distribution of electricity to its members, ensuring reliable power to support the daily lives and operations of its community.
Official website here: www.pgec.coop
Is Prince George Electric Cooperative legitimate?
Prince George Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Prince George 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $1,289,891
Professional Fundraising Fees: $0
Other Salaries and Wages: $430,105
For more financial information, click here
What is the mission statement of Prince George Electric Cooperative?
Prince George Electric Cooperative (PGEC) is dedicated to providing electricity to its over 12,000 members spread across six counties. The cooperative covers a network of 1,300 miles of power lines and caters to a diverse range of consumers, including residences, small and large businesses, agricultural operations, public institutions like schools and churches, and large load commercial and industrial accounts. PGEC's commitment extends beyond the mere sale and distribution of electricity, enabling it to contribute to the economic and social fabric of the communities it serves. By ensuring reliable electricity access, the cooperative helps foster an environment conducive to growth and progress for its members.
Official website here: www.pgec.coop
Who is the CEO of Prince George Electric Cooperative?
Cary J Logan Jr is the Chairman of Prince George Electric Cooperative. The CEO's salary of Prince George Electric Cooperative is $383,824 and their total compensation is $413,324.
Official website here: www.pgec.coop
What is the revenue of Prince George Electric Cooperative?
Prince George Electric Cooperative's revenue in 2022 was $53,087,438.
Official website here: www.pgec.coop
Who are the executives of Prince George Electric Cooperative and what are their salaries?
The average compensation at Prince George Electric Cooperative during 2022 was $24,225. There are 71 employees at Prince George Electric Cooperative.
Here are 19 key members and their salaries (Prince George Electric Cooperative's CEO's salary is $383,824 and their total compensation is $413,324):
- Cary Jerome Logan Jr (President And Ceo)
- Sarat Yellepeddi (Vice President Of Informat)
- Robert Howard Hall (Vice President And Chief F)
- Walter Lee Chappell (Vice President Of Operatio)
- Harold Chambers (Staff)
- Crystal R Johnson-Smith (Vice President Of Human Re)
- Jason Jessup (Construction Foreman)
- Douglas Dunn (Journeyman Lineman)
- Joshua Krenicky (Manager Of Operations)
- George Pruitt (Journeyman Lineman)
- Paul H Brown (Chairman) [Trustee/Director]
- Herbert R Patrick (Secretary - Treasurer) [Trustee/Director]
- Keith M Dunn (Director)
- Denya C Hankerson (Director)
- John M Brock Jr (Director)
- Matthew P Carden (Director)
- Richard B Scott (Asst. Secretary-Treasurer) [Trustee/Director]
- Christopher T Parker (Vice Chairman) [Trustee/Director]
- Brian E Coey (Director)
Official website here: www.pgec.coop
Where can I find the form 990 for Prince George Electric Cooperative?
The Prince George Electric Cooperative’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.pgec.coop
Learn more at the official website: www.pgec.coop
Mission Statement of Prince George Electric Cooperative
Prince George Electric Cooperative (PGEC) is a mission-driven organization dedicated to providing electric power to over 12,000 meters spread across six counties. Its members encompass a diverse range of entities, including residential households, small and large businesses, industrial accounts, agriculture, public schools, and churches.
PGEC's primary activity revolves around the sale and distribution of electricity, ensuring uninterrupted power supply to its extensive network of members. This cooperative plays a vital role in the communities it serves, supporting various sectors and powering essential institutions.
Extending beyond its core function, PGEC is deeply committed to the wellbeing of its community. It strives to maintain a power infrastructure that spans over 1,300 miles, enabling the smooth operation of its members' daily lives and businesses. By providing reliable electricity, PGEC contributes to the economic growth and development of the regions it serves.
In summary, Prince George Electric Cooperative is a dedicated organization that goes above and beyond its core function of selling and distributing electricity. It plays a pivotal role in the communities it serves, fostering growth and development by providing essential power to a diverse range of members.
Impact
This information is meant to be a general summary of Prince George Electric Cooperative. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Prince George Electric Cooperative plays a crucial role in providing electricity to over 12,000 meters across 1,300 miles of power lines in 6 counties. Their impact extends to residences, small and large businesses, commercial and industrial accounts, agriculture, as well as public schools and churches. By ensuring a reliable source of electricity, Prince George Electric Cooperative contributes to the economic development and daily functioning of the communities it serves in Waverly, VA, and surrounding areas.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRICITY TO MEMBERS
Revenue
$42,075,149
INTERNET TO MEMBERS
Revenue
$4,409,325
CONTRIBUTION IN AID OF CONSTRUCTI
Revenue
$3,676,000
BROADBAND SUBSIDIES
Revenue
$1,540,270
PATRONAGE ALLOCATIONS
Revenue
$455,894
Organization Details
Founding Year
1938
Phone
(804) 834-2424
Principal Officer
Cary J Logan Jr
Main Address
7103 GENERAL MAHONE HIGHWAY, WAVERLY, VA, 23890
Website
www.pgec.coop
NTEE Category
Code: W80 - Public benefit
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