Overview
What is Palmetto Electric Cooperative Inc?
Palmetto Electric Cooperative Inc is a nonprofit organization dedicated to delivering affordable, dependable energy and innovative related services to its members. They aim to support and lead the communities they serve, ensuring a strong commitment to their customers.
Official website here: www.palmetto.coop
Is Palmetto Electric Cooperative Inc legitimate?
Palmetto Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Palmetto 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: $1,273,093
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.palmetto.coop
What is the mission statement of Palmetto Electric Cooperative Inc?
Palmetto Electric Cooperative Inc is dedicated to providing its members with affordable and dependable energy, along with innovative related services. The cooperative goes beyond just supplying energy, as it strives to offer leadership and support to the communities it serves. Its mission is to ensure that its members receive energy solutions that meet their needs in a cost-effective manner while contributing to community development. Additionally, Palmetto Electric Cooperative Inc is committed to staying at the forefront of technological advancements and implementing these innovations to improve the overall energy experience for its members.
Official website here: www.palmetto.coop
Who is the CEO of Palmetto Electric Cooperative Inc?
A Berl Davis Jr is the CEO of Palmetto Electric Cooperative Inc The CEO's salary of Palmetto Electric Cooperative Inc is $535,348 and their total compensation is $929,374.
Official website here: www.palmetto.coop
What is the revenue of Palmetto Electric Cooperative Inc?
Palmetto Electric Cooperative Inc's revenue in 2023 was $182,854,455.
Official website here: www.palmetto.coop
Who are the executives of Palmetto Electric Cooperative Inc and what are their salaries?
The average compensation at Palmetto Electric Cooperative Inc during 2023 was $7,810. There are 163 employees at Palmetto Electric Cooperative Inc.
Here are 20 key members and their salaries (Palmetto Electric Cooperative Inc's CEO's salary is $535,348 and their total compensation is $929,374):
- Compensation: $33,295
- Related: $0
- Other: $0
- Compensation: $26,990
- Related: $0
- Other: $0
- Compensation: $24,057
- Related: $0
- Other: $0
- Compensation: $29,945
- Related: $0
- Other: $0
- Compensation: $20,100
- Related: $0
- Other: $0
- Compensation: $30,792
- Related: $0
- Other: $0
- Compensation: $11,550
- Related: $0
- Other: $0
- Compensation: $39,192
- Related: $0
- Other: $0
- Compensation: $48,779
- Related: $0
- Other: $0
- Compensation: $16,776
- Related: $0
- Other: $0
- Compensation: $16,161
- Related: $0
- Other: $0
- Compensation: $19,311
- Related: $0
- Other: $0
- Compensation: $16,069
- Related: $0
- Other: $0
- Compensation: $41,494
- Related: $0
- Other: $0
- Compensation: $535,348
- Related: $0
- Other: $394,026
- Compensation: $293,798
- Related: $0
- Other: $110,464
- Compensation: $256,957
- Related: $0
- Other: $169,525
- Compensation: $248,122
- Related: $0
- Other: $135,942
- Compensation: $236,291
- Related: $0
- Other: $122,093
- Compensation: $221,733
- Related: $0
- Other: $139,989
Official website here: www.palmetto.coop
Where can I find the form 990 for Palmetto Electric Cooperative Inc?
Palmetto Electric Cooperative Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.palmetto.coop
Learn more at the official website: www.palmetto.coop
Mission Statement of Palmetto Electric Cooperative Inc
Palmetto Electric Cooperative Inc, a dedicated organization, is committed to delivering competitively priced and reliable energy solutions to its members. Beyond just supplying electricity, the cooperative goes above and beyond to offer innovative related services that cater to the unique needs of its community. As a responsible corporate citizen, Palmetto Electric Cooperative Inc also takes pride in providing leadership and support to the communities it serves.
In its pursuit to make a positive impact, Palmetto Electric Cooperative Inc remains steadfast in its mission to deliver energy and related services at competitive prices. By ensuring affordability, the cooperative aims to empower its members to make the most of their energy usage, ultimately contributing to a stronger, more sustainable community.
Moreover, Palmetto Electric Cooperative Inc demonstrates its commitment to the communities it serves by providing valuable leadership and support. Through its various initiatives and programs, the cooperative strives to create a better future for all its members and the wider community. By fostering a collaborative and inclusive environment, Palmetto Electric Cooperative Inc is able to make a meaningful difference in the lives of those it serves.
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Impact
October, 2024
Palmetto Electric Cooperative Inc significantly impacts the communities it serves by providing competitively priced and reliable energy along with innovative services. Based in Ridgeland, SC, the cooperative prioritizes its members' needs, ensuring they have access to energy solutions that are both affordable and dependable. Beyond energy provision, Palmetto Electric is dedicated to fostering community development through leadership and support initiatives, enhancing the overall quality of life for local residents. Their commitment to public benefit is reflected in their mission to empower and uplift the communities they operate in, making a lasting positive influence.
This information is meant to be a general summary of Palmetto 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 2023.
- Investment Income: $55,022
- Program Service Revenue: $182,799,433
- Gross Receipts: $182,854,455
Assets and Liabilities:
- Total Assets: $275,456,875
- Total Liabilities: $176,434,283
- Net Assets: $99,022,592
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC SALES
Revenue
$179,804,398
OTHER CAPITAL CREDIS
Revenue
$2,290,496
GENERAL AND TRANSMISSION CAPI
Revenue
$956,335
OTHER REVENUE
Revenue
-$251,796
Organization Details
Founding Year
1940
Principal Officer
A Berl Davis Jr
Website
www.palmetto.coopNTEE Category
Code: W80 - Public benefit
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