Overview
What is Broad River Electric Cooperative Inc?
Broad River Electric Cooperative Inc is a nonprofit organization based in Gaffney, South Carolina. With a team of 57 dedicated employees, their mission is to provide the community with safe, reliable, and reasonably priced electric and related energy services. They are committed to enhancing the places they serve, going beyond just energy provision.
Official website here: www.broadriverelectric.com
What are the reviews and ratings of this charity?
Broad River Electric Cooperative Inc is not currently rated by Charity Navigator due to its status as a non-501(c)(3) organization. Charity Navigator traditionally relies on criteria designed for 501(c)(3) nonprofits, which includes accountability, finance, and operational impact metrics. As such, their absence of rating is not a reflection of the Cooperative's performance, positive or negative.
The Cooperative's inability to be evaluated under various methodologies, such as Accountability & Finance and Impact & Measurement, stems from its classification outside of 501(c)(3) standards. Additionally, relevant financial data like revenue, expenses, and key personnel salaries are not available for analysis, reflecting a limited financial transparency comparison with 501(c)(3) entities.
No user reviews are available for Broad River Electric Cooperative Inc on GreatNonprofits, indicating a lack of direct public testimonials or community feedback through this platform. This absence leaves a gap in understanding the Cooperative's public reputation and service outcomes from a user perspective.
This AI summary has been generated from information found on Charity Navigator.
Is Broad River Electric Cooperative Inc legitimate?
Broad River Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Broad River 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: $701,742
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.broadriverelectric.com
What is the mission statement of Broad River Electric Cooperative Inc?
Broad River Electric Cooperative Inc is dedicated to delivering safe, dependable, and reasonably priced electric and energy-related services to its community. The cooperative's commitment extends beyond providing electricity; it strives to enhance the communities it serves through its operations. By focusing on safety, reliability, and affordable pricing, Broad River Electric Cooperative Inc aims to meet the energy needs of its customers while contributing positively to the well-being of the communities it serves. This commitment to community improvement is reflected in its day-to-day operations, ensuring a sustainable and prosperous future for all.
Official website here: www.broadriverelectric.com
Who is the CEO of Broad River Electric Cooperative Inc?
Terry W Mallard is the President & of Broad River Electric Cooperative Inc.
Official website here: www.broadriverelectric.com
What is the revenue of Broad River Electric Cooperative Inc?
Broad River Electric Cooperative Inc's revenue in 2022 was $56,431,065.
Official website here: www.broadriverelectric.com
Who are the executives of Broad River Electric Cooperative Inc and what are their salaries?
The average compensation at Broad River Electric Cooperative Inc during 2022 was $12,311. There are 57 employees at Broad River Electric Cooperative Inc.
Here are 15 key members and their salaries:
- Compensation: $443,668
- Related: $0
- Other: $126,523
- Compensation: $169,120
- Related: $0
- Other: $67,834
- Compensation: $142,923
- Related: $0
- Other: $64,343
- Compensation: $137,829
- Related: $0
- Other: $61,598
- Compensation: $119,702
- Related: $0
- Other: $59,053
- Compensation: $134,795
- Related: $0
- Other: $43,920
- Compensation: $20,714
- Related: $0
- Other: $0
- Compensation: $18,794
- Related: $0
- Other: $0
- Compensation: $18,523
- Related: $0
- Other: $0
- Compensation: $18,267
- Related: $0
- Other: $0
- Compensation: $14,394
- Related: $0
- Other: $0
- Compensation: $12,123
- Related: $0
- Other: $0
- Compensation: $10,523
- Related: $0
- Other: $0
- Compensation: $10,123
- Related: $0
- Other: $0
- Compensation: $8,090
- Related: $0
- Other: $0
Official website here: www.broadriverelectric.com
Where can I find the form 990 for Broad River Electric Cooperative Inc?
Broad River Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.broadriverelectric.com
Learn more at the official website: www.broadriverelectric.com
Mission Statement of Broad River Electric Cooperative Inc
Broad River Electric Cooperative Inc is dedicated to delivering safe, dependable, and reasonably priced electric and related energy services to the communities it serves. The cooperative operates with a mission to improve these communities beyond just energy provisions.
In their commitment to enhancing the well-being of the areas they serve, Broad River Electric Cooperative Inc strives to provide essential electric and energy-related services efficiently and affordably. They are not just a utility company; they are an integral part of the communities they support. By ensuring a consistent power supply, Broad River Electric Cooperative Inc contributes to the overall development and progress of the communities it serves.
Moreover, Broad River Electric Cooperative Inc extends its reach beyond energy services. They are actively involved in community improvement initiatives, working hand in hand with the communities to identify and address their unique needs. This dedication to community development sets Broad River Electric Cooperative Inc apart as a responsible and forward-thinking cooperative.
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Impact
October, 2024
Broad River Electric Cooperative Inc. plays a vital role in ensuring that residents in Gaffney, SC, and surrounding areas have access to safe and reliable electricity. Their commitment to providing reasonably priced electric and energy-related services means that community members can depend on consistent power for their homes and businesses, which is essential for daily life and economic growth.
Moreover, the cooperative emphasizes community improvement, actively contributing to the betterment of the areas it serves. This dedication not only enhances the quality of life for residents but also fosters a sense of community solidarity. By prioritizing local needs and investing in community initiatives, Broad River Electric Cooperative Inc. has a profound impact on both energy accessibility and the overall well-being of its service area.
This information is meant to be a general summary of Broad River 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $89,127
- Program Service Revenue: $56,294,145
- Gross Receipts: $56,431,065
Assets and Liabilities:
- Total Assets: $143,703,578
- Total Liabilities: $99,198,417
- Net Assets: $44,505,161
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC REVENUE
Revenue
$55,557,994
CAPITAL CREDITS
Revenue
$614,989
POLE RENTAL REVENUE
Revenue
$121,162
Organization Details
Founding Year
1940
Phone
(864) 489-5737Principal Officer
Terry W Mallard
Main Address
PO BOX 2269, GAFFNEY, SC, 293422269
Website
www.broadriverelectric.comNTEE Category
Code: W80 - Public benefit
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