Overview
What is Southside Electric Cooperative Inc?
Southside Electric Cooperative Inc, based in Crewe, Virginia, serves as a trusted provider of electricity to its cooperative members. With a team of 156 employees, the organization is dedicated to ensuring the safe and reliable distribution of electrical power. The three largest programs, as indicated by expenses, include the cost of power, other salaries and wages, and depreciation and amortization. This nonprofit's primary mission revolves around delivering electricity efficiently and effectively to its members.
Official website here: www.sec.coop
Is Southside Electric Cooperative Inc legitimate?
Southside Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Southside Electric Cooperative Inc 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: $1,612,685
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,996,859
For more financial information, click here
What is the mission statement of Southside Electric Cooperative Inc?
Southside Electric Cooperative Inc is dedicated to ensuring the safe and reliable delivery of electricity to its members. This mission is reflected in the cooperative's daily operations, with a significant portion of its resources allocated towards the cost of power. Beyond the technical aspect of electricity distribution, the cooperative also invests in the well-being of its workforce, with substantial expenses going towards salaries and wages. Furthermore, the cooperative makes ongoing investments in its infrastructure, as evidenced by its considerable depreciation and amortization expenses. Overall, Southside Electric Cooperative Inc prioritizes the needs of its members by focusing on the safe and effective distribution of electricity.
Official website here: www.sec.coop
Who is the CEO of Southside Electric Cooperative Inc?
Jason Loehr is the Formerpresid of Southside Electric Cooperative Inc.
Official website here: www.sec.coop
What is the revenue of Southside Electric Cooperative Inc?
Southside Electric Cooperative Inc's revenue in 2022 was $143,326,007.
Official website here: www.sec.coop
Who are the executives of Southside Electric Cooperative Inc and what are their salaries?
The average compensation at Southside Electric Cooperative Inc during 2022 was $106,471. There are 156 employees at Southside Electric Cooperative Inc.
Here are 17 key members and their salaries:
- Jeffrey S Edwards (Formerpresid)
- George Felts (Vp Engineeri)
- Jason Loehr (President &)
- Ronald White (Vp Member Se)
- Louis Urbine (Director Of)
- Jacob Mccann (Vp Human Res)
- Carol Myers (Cfo)
- Brad Furr (Vp Operation)
- Frank W Bacon (Chairman) [Trustee/Director]
- Earl C Currin Jr (Vice Chairma) [Trustee/Director]
- Clive Pettis (Director)
- Kristie Martin Wallace (Director)
- William White (Director)
- Paul S Bennett (Secretary) [Trustee/Director]
- Charles J Friedl (Director)
- Brenda Johnson (Director)
- Sarah Saunders (Director)
Official website here: www.sec.coop
Where can I find the form 990 for Southside Electric Cooperative Inc?
The Southside Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.sec.coop
Learn more at the official website: www.sec.coop
Mission Statement of Southside Electric Cooperative Inc
Southside Electric Cooperative Inc, a dedicated organization, is committed to ensuring the safe and effective delivery of electricity to its members. This cooperative prioritizes the needs of its community, focusing on the provision of reliable and uninterrupted power. The three largest program services, as indicated by expenses, include the cost of power, other salaries and wages, and depreciation and amortization.
At the heart of Southside Electric Cooperative Inc's operations is the mission to distribute electricity in a manner that ensures the safety and effectiveness for its members. The cooperative's team of professionals works tirelessly to maintain the electrical infrastructure, ensuring that power is delivered to homes and businesses in a dependable manner.
The cost of power is a significant investment for the cooperative, reflecting the expense of purchasing the electricity required to meet the demand of its members. The second largest expense, other salaries and wages, speaks to the cooperative's commitment to its workforce. By employing a well-trained and dedicated team, the cooperative is able to maintain a high level of service and respond promptly to any issues that may arise. The third largest expense, depreciation and amortization, represents the cost of maintaining and upgrading the cooperative's electrical infrastructure. This ongoing investment ensures that the cooperative's electrical systems remain efficient and reliable, enabling the cooperative to continue delivering safe and effective electricity to its members.
Impact
This information is meant to be a general summary of Southside Electric Cooperative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Southside Electric Cooperative Inc plays a vital role in ensuring the safe and effective distribution of electricity to its members. By providing reliable power supply, the cooperative directly impacts the daily lives of individuals and businesses in the Southside region of Virginia. This access to electricity enables households to power their homes, schools to educate students, hospitals to care for patients, and businesses to operate smoothly. Through its efforts, Southside Electric Cooperative Inc contributes to the economic development and well-being of the community it serves.
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.
SALE AND DIST. OF ELECT.
Revenue
$133,665,476
CONT. IN AID OF CONST.
Revenue
$3,208,859
CASH PATRONAGE REC.
Revenue
$1,294,632
Organization Details
Founding Year
1937
Phone
(434) 645-7721
Principal Officer
Jason Loehr
Main Address
POST OFFICE BOX 7, CREWE, VA, 23930
Website
www.sec.coop
NTEE Category
Code: W80 - Public benefit
If you are a representative of Southside Electric Cooperative Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.