Blue Ridge Electric Cooperative Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 570125510 ✦ Pickens, SC ✦ Designated as a 501(c)(12)

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Overview

What is Blue Ridge Electric Cooperative Inc?

Blue Ridge Electric Cooperative Inc is a nonprofit organization based in Pickens, South Carolina. Their primary mission is to provide top-tier electric service to anyone residing within their system area at a reasonable cost, adhering to the highest standards of customer service. With a workforce of 208 employees, they are dedicated to delivering the best possible electric service to their community.

What are the reviews and ratings of this charity?

Blue Ridge Electric Cooperative Inc is currently not rated by Charity Navigator because it is not a 501(c)(3) IRS-registered nonprofit, which is a requirement for evaluation. The absence of a rating does not suggest any particular financial or operational status. Rather, it reflects that the organization does not fall under the purview of typical nonprofit evaluation mechanisms on Charity Navigator.

As an independent organization that does not require the Accountability & Finance or other specific beacon assessments provided by Charity Navigator, the organization could have operations that differ from standard nonprofits. The impact, culture, and adaptability metrics are not applicable, indicating a primary focus other than typical philanthropic goals.

No user reviews are available from GreatNonprofits for Blue Ridge Electric Cooperative Inc. This absence of reviews limits the insights into public perception or direct feedback from those familiar with their services. Without these reviews, the organization's impact or community engagement cannot be fully detailed from available data sources.


This AI summary has been generated from information found on Charity Navigator.

Is Blue Ridge Electric Cooperative Inc legitimate?

Blue Ridge Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Blue Ridge 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 tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $905,988
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Blue Ridge Electric Cooperative Inc?

Blue Ridge Electric Cooperative Inc is dedicated to delivering top-notch electric services to all those who wish to avail it within their operational area. They uphold this commitment at a reasonable cost, aligning with the highest standards of service excellence. The cooperative is focused on ensuring customer satisfaction by providing reliable and efficient electric solutions. Their ultimate goal is to enhance the quality of life for their consumers by delivering consistent and high-quality electric services. Furthermore, they continuously strive for advancements and improvements in their operations to meet the evolving needs of their community.

Who is the CEO of Blue Ridge Electric Cooperative Inc?

James Lovinggood is the President & of Blue Ridge Electric Cooperative Inc.

What is the revenue of Blue Ridge Electric Cooperative Inc?

Blue Ridge Electric Cooperative Inc's revenue in 2022 was $180,062,478.

Who are the executives of Blue Ridge Electric Cooperative Inc and what are their salaries?

The average compensation at Blue Ridge Electric Cooperative Inc during 2022 was $4,356. There are 208 employees at Blue Ridge Electric Cooperative Inc.


Here are 15 key members and their salaries:


James Lovinggood (President &)
  • Compensation: $432,168
  • Related: $0
  • Other: $95,400
David Collins (Vp Finance)
  • Compensation: $306,577
  • Related: $0
  • Other: $82,713
Samuel Mcmillan (Vp Operation)
  • Compensation: $303,477
  • Related: $0
  • Other: $79,587
Denise Mccormick (Vp Member Se)
  • Compensation: $287,411
  • Related: $0
  • Other: $74,942
Mark Waters (Vp Engineeri)
  • Compensation: $242,706
  • Related: $0
  • Other: $74,377
Terry Ballenger (Vp Communica)
  • Compensation: $234,270
  • Related: $0
  • Other: $73,333
Jimmy Lee Dodgens (Trustee)
  • Compensation: $55,503
  • Related: $0
  • Other: $0
J Spencer Dalton (Chairman)
  • Compensation: $54,585
  • Related: $0
  • Other: $0
Joel R Davis (Trustee)
  • Compensation: $52,585
  • Related: $0
  • Other: $0
William G Elrod (Trustee)
  • Compensation: $50,202
  • Related: $0
  • Other: $0
Len Talley (Vice Chairma)
  • Compensation: $49,960
  • Related: $0
  • Other: $0
Mendel Stone (Treasurer)
  • Compensation: $48,303
  • Related: $0
  • Other: $0
Kenneth Southerlin (Trustee)
  • Compensation: $47,678
  • Related: $0
  • Other: $0
Franklin M Looper Jr (Secretary)
  • Compensation: $17,968
  • Related: $0
  • Other: $0
Ben G Bolt (Trustee)
  • Compensation: $1,636
  • Related: $0
  • Other: $0
Where can I find the form 990 for Blue Ridge Electric Cooperative Inc?

Blue Ridge Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Blue Ridge Electric Cooperative Inc

Blue Ridge Electric Cooperative Inc, a dedicated electrical service provider, is committed to delivering the finest possible electric service to all customers within its system area. This organization prioritizes affordability while adhering to the highest standards of service.

In pursuing its mission, Blue Ridge Electric Cooperative Inc strives to ensure that all those desiring electric service within its jurisdiction can access reliable and efficient power. The cooperative's focus on reasonable costs enables it to cater to a wide range of customers, ensuring that electricity remains a fundamental necessity within reach for all. The cooperative's unwavering commitment to delivering the best possible electric service is a testament to its dedication and professionalism.

Blue Ridge Electric Cooperative Inc's unwavering pursuit of excellence is reflected in its day-to-day operations. The cooperative invests heavily in maintaining and upgrading its infrastructure to ensure the consistent delivery of top-notch electric service. By putting the needs of its customers at the forefront, Blue Ridge Electric Cooperative Inc has built a reputation as a trusted and reliable partner for electric power.

In summary, Blue Ridge Electric Cooperative Inc is a devoted and customer-focused electrical service provider, dedicated to delivering the best possible electric service to all who desire it within its system area at reasonable costs. Its commitment to upholding the highest standards of service sets it apart as a leader in the electric utility industry.

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Impact




October, 2024

Blue Ridge Electric Cooperative Inc significantly enhances the quality of life for residents in its service area by delivering reliable electric service. Operating in Pickens, South Carolina, the cooperative is committed to providing the best possible electric service to all who need it, ensuring that power is accessible and affordable. With a focus on maintaining the highest standards of service, Blue Ridge Electric Cooperative not only meets the energy needs of the community but also contributes to local economic growth and stability. Their mission and efforts support public benefit, fostering a more connected and sustainable environment for all residents within their system area.




This information is meant to be a general summary of Blue Ridge Electric Cooperative Inc. 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.

Revenue
$180,062,478 (2022)
Expenses
$180,062,478 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $175,610
  • Program Service Revenue: $179,854,626
  • Gross Receipts: $180,062,478

Assets and Liabilities:

  • Total Assets: $468,943,378
  • Total Liabilities: $382,186,316
  • Net Assets: $86,757,062

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

ELECTRICITY SALES

Revenue

$175,214,514

OTHER ELECTRIC REVENUES

Revenue

$1,396,613

INVESTMENTS IN ASSOC. CAPITAL

Revenue

$1,220,069

G&T CAPITAL CREDITS

Revenue

$1,019,711

POLE RENTAL REVENUE

Revenue

$1,003,719

Organization Details

Founding Year

1940

Principal Officer

James Lovinggood

Main Address

PO BOX 277, PICKENS, SC, 29671

NTEE Category

Code: W80 - Public benefit

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