Overview
What is Carteret-Craven Electric Cooperative?
Carteret-Craven Electric Cooperative is a nonprofit electric utility organization based in Newport, North Carolina. With a membership of 35,583 and serving 40,589 metered electric services, the cooperative is dedicated to providing electric power to the community. As an electric distribution cooperative, they ensure a reliable electricity supply to their members in Newport, NC.
Official website here: www.ccemc.com
Is Carteret-Craven Electric Cooperative legitimate?
Carteret-Craven Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Carteret-Craven 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: $1,076,440
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,356,380
For more financial information, click here
Official website here: www.ccemc.com
What is the mission statement of Carteret-Craven Electric Cooperative?
Carteret-Craven Electric Cooperative is dedicated to delivering electric power to its membership base. With a customer base of 35,583 members and 40,589 metered services, the cooperative ensures the consistent supply of electricity to households and businesses. The organization's primary focus lies in the distribution of electric power to its community, working towards the betterment of everyday life. By providing reliable and efficient electric power, Carteret-Craven Electric Cooperative plays a crucial role in supporting the development and progress of its member communities. Additionally, the cooperative may engage in initiatives aimed at enhancing the overall quality of life and community engagement.
Official website here: www.ccemc.com
Who is the CEO of Carteret-Craven Electric Cooperative?
Tara Alderman is the Ceo of Carteret-Craven Electric Cooperative. The CEO's salary of Carteret-Craven Electric Cooperative is $300,549 and their total compensation is $661,300.
Official website here: www.ccemc.com
What is the revenue of Carteret-Craven Electric Cooperative?
Carteret-Craven Electric Cooperative's revenue in 2022 was $70,087,411.
Official website here: www.ccemc.com
Who are the executives of Carteret-Craven Electric Cooperative and what are their salaries?
The average compensation at Carteret-Craven Electric Cooperative during 2022 was $67,072. There are 81 employees at Carteret-Craven Electric Cooperative.
Here are 16 key members and their salaries (Carteret-Craven Electric Cooperative's CEO's salary is $300,549 and their total compensation is $661,300):
- Compensation: $300,549
- Related: $0
- Other: $360,751
- Compensation: $174,600
- Related: $0
- Other: $86,640
- Compensation: $147,579
- Related: $0
- Other: $0
- Compensation: $139,824
- Related: $0
- Other: $0
- Compensation: $116,664
- Related: $0
- Other: $0
- Compensation: $115,839
- Related: $0
- Other: $0
- Compensation: $109,536
- Related: $0
- Other: $0
- Compensation: $21,000
- Related: $0
- Other: $0
- Compensation: $18,600
- Related: $0
- Other: $0
- Compensation: $18,300
- Related: $0
- Other: $0
- Compensation: $17,400
- Related: $0
- Other: $0
- Compensation: $17,100
- Related: $0
- Other: $0
- Compensation: $17,100
- Related: $0
- Other: $0
- Compensation: $15,600
- Related: $0
- Other: $0
- Compensation: $15,300
- Related: $0
- Other: $0
- Compensation: $13,500
- Related: $0
- Other: $0
Official website here: www.ccemc.com
Where can I find the form 990 for Carteret-Craven Electric Cooperative?
Carteret-Craven Electric Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ccemc.com
Learn more at the official website: www.ccemc.com
Mission Statement of Carteret-Craven Electric Cooperative
Carteret-Craven Electric Cooperative, a not-for-profit electric distribution organization, plays a vital role in lighting up the lives of 35,583 members across North Carolina. With a mission to power communities, the cooperative delivers electricity to 40,589 metered services, ensuring uninterrupted power supply for homes and businesses.
Founded on the principle of cooperation, Carteret-Craven Electric Cooperative works tirelessly to bring power to its members, fostering a sense of connection and community. The organization's commitment to its mission extends beyond mere electric power distribution. By providing essential energy services, it contributes to enhancing the quality of life for its members and enabling them to thrive in their daily pursuits.
As a dedicated utility provider, Carteret-Craven Electric Cooperative strives for reliability and efficiency in its operations. By harnessing the power of electricity, it fuels the economic growth of its Member-Owners, enabling them to run their businesses and power their homes effectively. The organization's unwavering commitment to its members underpins its every action, making it a trusted partner in their development and progress.
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Impact
October, 2024
Carteret-Craven Electric Cooperative significantly impacts the local community by providing essential electric power to 35,583 members, with a total of 40,589 metered electric services in Newport, NC. The cooperative plays a vital role in ensuring reliable electricity distribution, which supports both residential and commercial needs. Its commitment to serving the community enhances quality of life, drives economic growth, and fosters energy access in the region. By prioritizing the needs of its members, Carteret-Craven Electric Cooperative contributes to the public benefit and sustainability of Newport and its surrounding areas.
This information is meant to be a general summary of Carteret-Craven 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: $800,215
- Program Service Revenue: $67,519,128
- Gross Receipts: $70,087,411
Assets and Liabilities:
- Total Assets: $132,224,479
- Total Liabilities: $65,572,698
- Net Assets: $66,651,781
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Revenue from Membership
Revenue
$67,519,128
Organization Details
Founding Year
1940
Phone
(252) 247-3107Principal Officer
Tara Alderman
Main Address
PO Box 1490, Newport, NC, 28570
Website
www.ccemc.comNTEE Category
Code: W80 - Public benefit
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