Newberry 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: 570216285 ✦ Newberry, SC ✦ Designated as a 501(c)(12)

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Overview

What is Newberry Electric Cooperative Inc?

Newberry Electric Cooperative Inc is a nonprofit organization dedicated to delivering exceptional electric services to everyone within its system area at budget-friendly prices. They uphold the highest standards of service to ensure customer satisfaction.


Official website here: www.nec.coop

What do the Facebook reviews say about Newberry Electric Cooperative Inc?

84% of reviewers on Facebook recommend Newberry Electric Cooperative Inc. Here's a summary of their reviews:

Many users appreciate the prompt service provided by the cooperative, particularly in times of power outages. One reviewer specifically highlighted the team's efforts to restore power in Darlington, expressing gratitude for their efficient response and describing them as a great group of individuals.

Overall, the sentiment reflects a positive view of Newberry Electric Cooperative, with users feeling satisfied with the level of service they receive, especially during critical situations. The cooperative seems to deliver on its promise to assist the community effectively.


This AI summary has been generated from reviews found on Facebook.

Is Newberry Electric Cooperative Inc legitimate?

Newberry Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Newberry 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: $667,767
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.nec.coop

What is the mission statement of Newberry Electric Cooperative Inc?

Newberry Electric Cooperative Inc is dedicated to delivering superior electric services to all who seek it within its coverage area. The cooperative prioritizes affordability, offering top-tier electric services to its customers while keeping prices at a minimum. It strives to maintain the highest standards of service quality, ensuring a consistent and reliable experience for its members. The organization's primary goal is to meet the electric needs of its population efficiently and effectively. Additionally, Newberry Electric Cooperative Inc likely invests in ongoing infrastructure development, ensuring its service remains competitive and responsive to the evolving energy demands of its customers.


Official website here: www.nec.coop

Who is the CEO of Newberry Electric Cooperative Inc?

George Keith Avery is the Chairman of Newberry Electric Cooperative Inc.


Official website here: www.nec.coop

What is the revenue of Newberry Electric Cooperative Inc?

Newberry Electric Cooperative Inc's revenue in 2022 was $45,705,196.


Official website here: www.nec.coop

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

The average compensation at Newberry Electric Cooperative Inc during 2022 was $14,517. There are 46 employees at Newberry Electric Cooperative Inc.


Here are 14 key members and their salaries:


Johnnie L Dickert (Chairman)
  • Compensation: $36,891
  • Related: $0
  • Other: $0
William B Lominick Sr (Vice Chairma)
  • Compensation: $25,475
  • Related: $0
  • Other: $0
John Wayne Nichols (Secretary/Tr)
  • Compensation: $34,420
  • Related: $0
  • Other: $0
Douglas E Hipp (Director)
  • Compensation: $40,587
  • Related: $0
  • Other: $0
J Craig Kesler (Director)
  • Compensation: $22,815
  • Related: $0
  • Other: $0
Leon Fulmer Jr (Director)
  • Compensation: $26,140
  • Related: $0
  • Other: $0
Blake Brigman (Director)
  • Compensation: $28,237
  • Related: $0
  • Other: $0
Melanie B Hawkins (Director)
  • Compensation: $36,787
  • Related: $0
  • Other: $0
Charles J Bishop (Director)
  • Compensation: $25,283
  • Related: $0
  • Other: $0
George Keith Avery (President An)
  • Compensation: $274,699
  • Related: $0
  • Other: $116,433
Arthur Guy (Cfo)
  • Compensation: $149,333
  • Related: $0
  • Other: $65,392
Leann Hutto (Vp- Human Re)
  • Compensation: $118,468
  • Related: $0
  • Other: $52,944
Debra Shaw (Vp- Public R)
  • Compensation: $112,836
  • Related: $0
  • Other: $50,490
Robert Shealy (Vp- Engineer)
  • Compensation: $107,422
  • Related: $0
  • Other: $56,777


Official website here: www.nec.coop

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

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


Official website here: www.nec.coop

Learn more at the official website: www.nec.coop

Mission Statement of Newberry Electric Cooperative Inc

Newberry Electric Cooperative Inc, a dedicated electric service provider, strives to bring the best possible electricity solutions to all those who seek it within its designated service area. Committed to maintaining the lowest prices, the Cooperative does not compromise on the highest standards of service quality.

Established with a vision to serve, Newberry Electric Cooperative Inc's mission is to deliver superior electric services to every customer residing within its system boundaries. The Cooperative's unwavering commitment to excellence ensures that it provides the most reliable and efficient electricity to its patrons, prioritizing their needs above all else. By consistently adhering to the highest service standards, Newberry Electric Cooperative Inc aims to build long-lasting relationships with its customers, ensuring their satisfaction and trust.

Operating under the belief that everyone deserves access to top-notch electric services, Newberry Electric Cooperative Inc employs a team of dedicated professionals who work tirelessly to maintain and upgrade its infrastructure, adhering to the latest industry practices and regulations. The Cooperative's commitment to its customers extends beyond the provision of electricity, as it continually seeks to improve its offerings and provide additional value-added services to enhance the overall customer experience. With a customer-centric approach, Newberry Electric Cooperative Inc continues to set new benchmarks in the electric utility industry, proving that affordability and excellence go hand in hand.

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Impact




October, 2024

Newberry Electric Cooperative Inc. plays a vital role in delivering reliable and affordable electric service to its community in Newberry, South Carolina. The cooperative's commitment to providing the best possible electric service ensures that all residents and businesses who seek access to electricity can do so at competitive rates. This dedication not only enhances the quality of life for individuals but also supports local economic development by providing dependable energy necessary for businesses to thrive.

Moreover, their focus on maintaining high standards of service underscores a commitment to customer satisfaction and community well-being. By prioritizing cost-effectiveness while upholding service quality, Newberry Electric Cooperative Inc. helps to foster a sense of trust and reliability within the community. This dedication to service and affordability has a positive ripple effect, contributing to the overall economic health and sustainability of the region.




This information is meant to be a general summary of Newberry 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
$45,705,196 (2022)
Expenses
$45,705,196 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $25,308
  • Program Service Revenue: $44,301,094
  • Gross Receipts: $45,705,196

Assets and Liabilities:

  • Total Assets: $94,155,817
  • Total Liabilities: $67,873,209
  • Net Assets: $26,282,608

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Programs

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

ELECTRIC REVENUE

Revenue

$43,314,904

OTHER CAPITAL CREDITS

Revenue

$548,311

G & T CAPITAL CREDITS

Revenue

$247,589

POLE RENTAL

Revenue

$190,290

Organization Details

Founding Year

1940

Principal Officer

George Keith Avery

Main Address

PO BOX 477, NEWBERRY, SC, 29108

NTEE Category

Code: W80 - Public benefit

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