Overview
What is Laurens Electric Cooperative Inc?
Laurens Electric Cooperative Inc is a nonprofit organization based in Laurens, South Carolina. Their primary mission is to provide top-notch electric service to all who seek it within their service area, ensuring reasonable costs and maintaining the highest standards of service. With a team of 161 employees, the cooperative is dedicated to delivering reliable and effective power solutions to their community.
Official website here: www.laurenselectric.com
Is Laurens Electric Cooperative Inc legitimate?
Laurens Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Laurens 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: $950,987
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.laurenselectric.com
What is the mission statement of Laurens Electric Cooperative Inc?
Laurens Electric Cooperative Inc is committed to delivering top-tier electric service to all those who seek it within its coverage area, ensuring a reasonable cost that aligns with the highest standards of service provision. The cooperative's mission is simple yet impactful: to meet the electric needs of its community members in the most effective and efficient manner possible. The cooperative strives to exceed expectations and consistently delivers electricity with the utmost dedication to quality and affordability. By upholding these principles, Laurens Electric Cooperative Inc fosters strong relationships with its customers and ensures a reliable and consistent electric service experience.
Official website here: www.laurenselectric.com
Who is the CEO of Laurens Electric Cooperative Inc?
J David Wasson is the President & of Laurens Electric Cooperative Inc.
Official website here: www.laurenselectric.com
What is the revenue of Laurens Electric Cooperative Inc?
Laurens Electric Cooperative Inc's revenue in 2022 was $148,035,106.
Official website here: www.laurenselectric.com
Who are the executives of Laurens Electric Cooperative Inc and what are their salaries?
The average compensation at Laurens Electric Cooperative Inc during 2022 was $5,907. There are 161 employees at Laurens Electric Cooperative Inc.
Here are 15 key members and their salaries:
- Compensation: $493,435
- Related: $0
- Other: $180,285
- Compensation: $219,040
- Related: $0
- Other: $97,644
- Compensation: $210,621
- Related: $0
- Other: $96,879
- Compensation: $193,211
- Related: $0
- Other: $90,972
- Compensation: $191,773
- Related: $0
- Other: $90,372
- Compensation: $183,206
- Related: $0
- Other: $87,929
- Compensation: $54,804
- Related: $0
- Other: $0
- Compensation: $35,819
- Related: $0
- Other: $0
- Compensation: $34,496
- Related: $0
- Other: $0
- Compensation: $28,866
- Related: $0
- Other: $0
- Compensation: $28,739
- Related: $0
- Other: $0
- Compensation: $26,672
- Related: $0
- Other: $0
- Compensation: $25,288
- Related: $0
- Other: $0
- Compensation: $24,407
- Related: $0
- Other: $0
- Compensation: $18,176
- Related: $0
- Other: $0
Official website here: www.laurenselectric.com
Where can I find the form 990 for Laurens Electric Cooperative Inc?
Laurens Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.laurenselectric.com
Learn more at the official website: www.laurenselectric.com
Mission Statement of Laurens Electric Cooperative Inc
Laurens Electric Cooperative Inc is dedicated to delivering the finest electric service to all those who seek it within its system area, without compromising on affordability. The cooperative's unwavering commitment to excellence is reflected in its mission to provide top-notch electric service to every resident and business within its reach, at a reasonable cost.
Laurens Electric Cooperative Inc prides itself on delivering electric service that adheres to the highest industry standards. Its team of skilled professionals works tirelessly to ensure the power is reliable and consistent, allowing communities to thrive and flourish. The cooperative's unwavering dedication to customer satisfaction is a testament to its enduring commitment to the people it serves.
Laurens Electric Cooperative Inc's mission is more than just a statement; it is a promise to the communities it serves. By striving for the best possible electric service and maintaining a reasonable cost, the cooperative fosters a sense of trust and reliability that resonates with its customers. In the pursuit of excellence, Laurens Electric Cooperative Inc continues to innovate and adapt, ensuring it remains at the forefront of electric service provision within its system area.
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Impact
October, 2024
Laurens Electric Cooperative Inc significantly impacts the community by delivering reliable electric service to all residents within its service area at reasonable costs. By prioritizing the highest standards of service, it ensures that customers receive electricity that meets their needs effectively and efficiently. This dedication not only fosters satisfaction among residents but also contributes to the overall quality of life in Laurens, SC. The cooperative's commitment to accessibility and affordability of electric services supports local homes and businesses, enhancing economic development and community resilience. Through its operations, Laurens Electric Cooperative Inc plays a vital role in promoting sustainable energy practices and enriching the public good.
This information is meant to be a general summary of Laurens 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: $90,576
- Program Service Revenue: $146,459,615
- Gross Receipts: $149,244,306
Assets and Liabilities:
- Total Assets: $289,764,029
- Total Liabilities: $185,387,810
- Net Assets: $104,376,219
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC REVENUE
Revenue
$145,240,024
G&T AND OTHER CAPITAL CREDITS
Revenue
$1,027,205
POLE RENTAL
Revenue
$192,386
Organization Details
Founding Year
1939
Phone
(864) 682-3141Principal Officer
J David Wasson
Main Address
PO BOX 700, LAURENS, SC, 29360
Website
www.laurenselectric.comNTEE Category
Code: W80 - Public benefit
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