Overview
What is Coastal Electric Cooperative Inc?
Coastal Electric Cooperative Inc is a nonprofit organization committed to delivering diversified and innovative energy and related services to its customers in a responsible business manner. They aim to act as community leaders by providing top-notch electric services to those who desire it within their system area, ensuring a reasonable cost and the highest standards of service.
Official website here: www.coastal.coop/
What are the reviews and ratings of this charity?
Coastal Electric Cooperative Inc is not currently rated by Charity Navigator. This is because the organization does not qualify for evaluation under the current methodologies, such as Accountability & Finance or Impact & Measurement, due to its status as a non-501(c)(3) nonprofit. This absence of rating does not imply any negative or positive connotation towards its operations, simply that it hasn't been assessed by the site's standards.
Charity Navigator traditionally evaluates 501(c)(3) organizations for charitable activities, eligibility for tax-deductible donations, and financial transparency, among other factors. As Coastal Electric Cooperative Inc is not registered as a 501(c)(3), it falls outside Charity Navigator’s scope, meaning there's no available data on its financial reporting or key personnel salaries.
User reviews from GreatNonprofits are not available, thus providing no additional community insights or subjective evaluations regarding the organization's impact or community engagement. Consequently, those seeking further understanding of Coastal Electric Cooperative Inc may consider looking for information directly from the organization or other public records.
This AI summary has been generated from information found on Charity Navigator.
Is Coastal Electric Cooperative Inc legitimate?
Coastal Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Coastal 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: $657,953
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.coastal.coop/
What is the mission statement of Coastal Electric Cooperative Inc?
Coastal Electric Cooperative Inc is dedicated to delivering various innovative energy services to its customers, ensuring sound business practices are upheld. Acting as community leaders, the cooperative goes beyond providing electricity, assuming a pivotal role in building strong communities. Their commitment extends to offering the best electric service at reasonable costs, maintaining the highest standards of service for all customers within their reach.
Official website here: www.coastal.coop/
Who is the CEO of Coastal Electric Cooperative Inc?
Mark L Walling is the Chairman of Coastal Electric Cooperative Inc.
Official website here: www.coastal.coop/
What is the revenue of Coastal Electric Cooperative Inc?
Coastal Electric Cooperative Inc's revenue in 2022 was $28,929,598.
Official website here: www.coastal.coop/
Who are the executives of Coastal Electric Cooperative Inc and what are their salaries?
The average compensation at Coastal Electric Cooperative Inc during 2022 was $16,449. There are 40 employees at Coastal Electric Cooperative Inc.
Here are 21 key members and their salaries:
- Compensation: $33,348
- Related: $0
- Other: $0
- Compensation: $2,205
- Related: $0
- Other: $0
- Compensation: $1,355
- Related: $0
- Other: $0
- Compensation: $25,555
- Related: $0
- Other: $0
- Compensation: $6,805
- Related: $0
- Other: $0
- Compensation: $51,864
- Related: $0
- Other: $0
- Compensation: $29,259
- Related: $0
- Other: $0
- Compensation: $2,330
- Related: $0
- Other: $0
- Compensation: $2,327
- Related: $0
- Other: $0
- Compensation: $40,193
- Related: $0
- Other: $0
- Compensation: $29,102
- Related: $0
- Other: $0
- Compensation: $34,841
- Related: $0
- Other: $0
- Compensation: $31,585
- Related: $0
- Other: $0
- Compensation: $36,847
- Related: $0
- Other: $0
- Compensation: $73,595
- Related: $0
- Other: $0
- Compensation: $271,400
- Related: $0
- Other: $162,209
- Compensation: $183,063
- Related: $0
- Other: $126,598
- Compensation: $166,203
- Related: $0
- Other: $111,940
- Compensation: $132,790
- Related: $0
- Other: $66,886
- Compensation: $104,416
- Related: $0
- Other: $68,323
- Compensation: $100,118
- Related: $0
- Other: $75,427
Official website here: www.coastal.coop/
Where can I find the form 990 for Coastal Electric Cooperative Inc?
Coastal Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.coastal.coop/
Learn more at the official website: www.coastal.coop/
Mission Statement of Coastal Electric Cooperative Inc
Coastal Electric Cooperative Inc, a forward-thinking organization, is dedicated to supplying a variety of innovative energy solutions and related services to its customer base. The cooperative's mission is twofold: providing cutting-edge energy services and upholding sound business practices, all while acting as a pillar of community leadership.
With a commitment to excellence, Coastal Electric Cooperative Inc strives to deliver the best possible electric service to all those within its reach at a reasonable cost. The cooperative's focus on customer satisfaction is matched by its dedication to maintaining the highest standards of service, ensuring that every customer's energy needs are met efficiently and effectively.
Moreover, Coastal Electric Cooperative Inc goes beyond just energy provision. By acting in a community-building leadership role, the cooperative seeks to make a positive impact on the lives of its customers. Through its diverse offerings and initiatives, Coastal Electric Cooperative Inc aspires to forge strong connections and be an essential partner in the development of the communities it serves.
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Impact
October, 2024
Coastal Electric Cooperative Inc plays a significant role in enhancing the quality of life for its customers by providing reliable and innovative energy services. Based in Walterboro, SC, the cooperative focuses on delivering diversified energy solutions that meet the evolving needs of the community. By adhering to sound business practices, it ensures that these services are offered at reasonable costs, thereby making electricity accessible to all within its service area.
The cooperative's commitment to community-building leadership further amplifies its impact, as it actively engages with local residents and stakeholders. This engagement fosters a sense of collaboration and support, helping to address community needs beyond just energy services. By prioritizing both service excellence and community involvement, Coastal Electric Cooperative contributes to economic development and enhances the overall well-being of the areas it serves.
This information is meant to be a general summary of Coastal 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: $191,202
- Program Service Revenue: $28,726,550
- Gross Receipts: $28,929,598
Assets and Liabilities:
- Total Assets: $59,652,643
- Total Liabilities: $46,941,752
- Net Assets: $12,710,891
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC SERVICE REVENUE
Revenue
$28,263,286
OTHER CAPITAL CREDITS
Revenue
$362,153
POLE RENTAL
Revenue
$101,111
Organization Details
Founding Year
1940
Phone
(843) 538-5700Principal Officer
Mark L Walling
Main Address
2269 JEFFERIES HIGHWAY, WALTERBORO, SC, 294887230
Website
www.coastal.coop/NTEE Category
Code: W80 - Public benefit
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