Marlboro 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: 570204115 ✦ Bennettsville, SC ✦ Designated as a 501(c)(12)

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Overview

What is Marlboro Electric Cooperative Inc?

Marlboro Electric Cooperative Inc is a nonprofit organization based in Bennettsville, South Carolina. Their primary mission is to ensure the delivery of top-notch electric services to everyone within their coverage area, maintaining a reasonable cost to accommodate the highest service standards. The cooperative's description emphasizes its commitment to providing the best electric service possible, accessible to all who wish to avail of it, while keeping costs in check.


Official website here: www.marlboroelectric.net

What are the reviews and ratings of this charity?

Marlboro Electric Cooperative Inc. is not currently rated by Charity Navigator due to its status as a non-501(c)(3) organization. Ratings for organizations like this require specific methodologies, such as Accountability & Finance or Impact & Measurement beacons, which are not applicable or available for Marlboro Electric Cooperative.

The lack of a Charity Navigator rating doesn't imply a positive or negative stance; it simply reflects the constraints of the evaluation criteria designed for 501(c)(3) non-profits. Historical evaluations largely focused on financial accountability without current metrics for leadership, impact, or community engagement.

No user reviews are available on GreatNonprofits to provide additional insights into the cooperative's community impact or reputation. Thus, further information from other platforms may be needed for a comprehensive evaluation.


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

Is Marlboro Electric Cooperative Inc legitimate?

Marlboro Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Marlboro 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.marlboroelectric.net

What is the mission statement of Marlboro Electric Cooperative Inc?

Marlboro Electric Cooperative Inc is dedicated to delivering superior electric service to all who seek it within its operational region, ensuring affordability while maintaining the highest industry standards. The cooperative's mission is to provide a reliable and efficient electricity supply, ensuring customer satisfaction through consistent and cost-effective services. By continually investing in technological advancements and infrastructure improvements, Marlboro Electric Cooperative Inc strives to exceed customer expectations and remain a trusted energy provider within its community. Additionally, the cooperative is committed to fostering a strong relationship with its customers, focusing on open communication and collaborative problem-solving to address any concerns or challenges that may arise.


Official website here: www.marlboroelectric.net

Who is the CEO of Marlboro Electric Cooperative Inc?

William L Fleming Jr is the Pres Ceo Meci of Marlboro Electric Cooperative Inc. The CEO's salary of Marlboro Electric Cooperative Inc is $0 and their total compensation is $0.


Official website here: www.marlboroelectric.net

What is the revenue of Marlboro Electric Cooperative Inc?

Marlboro Electric Cooperative Inc's revenue in 2022 was $78,601,633.


Official website here: www.marlboroelectric.net

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


Here are 11 key members and their salaries (Marlboro Electric Cooperative Inc's CEO's salary is $0 and their total compensation is $0):


Donald J Quick (Sec Treasurer)
  • Compensation: $40,604
  • Related: $0
  • Other: $0
Sam P Mcinnis Jr (Chairman)
  • Compensation: $40,117
  • Related: $0
  • Other: $0
Edgar M Gordon (Trustee)
  • Compensation: $24,503
  • Related: $0
  • Other: $0
William M Carabo (Trustee)
  • Compensation: $22,378
  • Related: $0
  • Other: $0
John M Alford (Vice Chairman)
  • Compensation: $21,953
  • Related: $0
  • Other: $0
Janelle C Sauls (Trustee)
  • Compensation: $21,953
  • Related: $0
  • Other: $0
Charles R Smith (Trustee)
  • Compensation: $21,953
  • Related: $0
  • Other: $0
William R Quick (Trustee)
  • Compensation: $21,953
  • Related: $0
  • Other: $0
James T Grant (Trustee)
  • Compensation: $21,953
  • Related: $0
  • Other: $0
William L Fleming Jr (Pres Ceo Meci)
  • Compensation: $0
  • Related: $0
  • Other: $0
William L Fleming Jr (Mgt Co Pres Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.marlboroelectric.net

Where can I find the form 990 for Marlboro Electric Cooperative Inc?

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


Official website here: www.marlboroelectric.net

Learn more at the official website: www.marlboroelectric.net

Mission Statement of Marlboro Electric Cooperative Inc

Marlboro Electric Cooperative Inc, a dedicated organization, is committed to delivering excellent electric services to all who seek it within its operational area. The cooperative's primary goal is to ensure that the electric service it provides is of the highest standard, all the while keeping the cost reasonable for its customers.

In pursuance of its mission, Marlboro Electric Cooperative Inc works tirelessly to provide reliable and efficient electric services to its community. The cooperative's team of skilled professionals is dedicated to maintaining the electrical infrastructure and responding promptly to any service disruptions or maintenance needs. By adhering to the highest standards of service, Marlboro Electric Cooperative Inc aims to build strong relationships with its customers, fostering a sense of trust and reliability.

Moreover, Marlboro Electric Cooperative Inc remains steadfast in its commitment to delivering electric services at a reasonable cost. The organization understands the importance of affordability, particularly in the context of essential services like electricity. By striving for cost-effectiveness, Marlboro Electric Cooperative Inc ensures that its services remain accessible to the broadest possible audience within its operational area.

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Impact




October, 2024

Marlboro Electric Cooperative Inc plays a crucial role in enhancing the quality of life for residents in Bennettsville, SC, and surrounding areas by delivering reliable and affordable electric service. Its dedication to providing electricity at reasonable costs ensures that all community members have access to energy, which is essential for both everyday living and economic development.

By prioritizing high service standards, the cooperative not only meets the electricity needs of its customers but also fosters a sense of community and trust. The cooperative’s efforts contribute to the overall stability and growth of the region, making it an indispensable part of the local infrastructure. Its focus on public benefit reinforces the commitment to serve all members effectively, promoting energy accessibility and supporting local initiatives that can lead to advancements in sustainability and energy efficiency.




This information is meant to be a general summary of Marlboro 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
$78,601,633 (2022)
Expenses
$78,601,633 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $97,172
  • Program Service Revenue: $79,766,133
  • Gross Receipts: $78,601,633

Assets and Liabilities:

  • Total Assets: $61,965,367
  • Total Liabilities: $21,122,130
  • Net Assets: $40,843,237

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Programs

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

electric revenue

Revenue

$78,396,557

Patronage Capital Credits

Revenue

$1,369,576

Organization Details

Founding Year

1939

Principal Officer

William L Fleming Jr

Main Address

676 Hwy 9 E, Bennettsville, SC, 29512

NTEE Category

Code: W80 - Public benefit

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