Overview
What is Central Electric Power Cooperative Inc?
Central Electric Power Cooperative Inc is a South Carolina-based nonprofit organization dedicated to benefiting its members by providing a dependable, long-term power supply that supports growth, all while keeping costs low in accordance with good utility practices. The cooperative ensures reliable power delivery, adhering to applicable guidelines. In addition to energy provision, they offer related services as directed by their Board of Trustees. Central Electric Power Cooperative operates as a generation and transmission cooperative, providing power to twenty distribution cooperatives in South Carolina. They construct transmission tap lines to serve substations owned by the distribution cooperatives.
Official website here: www.cepci.org
What are the reviews and ratings of this charity?
Central Electric Power Cooperative Inc does not have a current rating from Charity Navigator. This lack of a rating is due to its classification, as it is not a 501(c)(3) registered nonprofit and thus falls outside the scope of Charity Navigator's evaluation criteria. The absence of a rating does not imply a poor or exceptional standing; instead, it highlights the specific parameters of Charity Navigator's assessment methods.
Being an independent organization, Central Electric Power Cooperative Inc operates without reliance on auxiliary affiliations. The organization's foundational status excludes it from the category typically covered by most nonprofit rating methodologies, such as Accountability & Finance, Impact & Measurement, or Leadership & Adaptability, mainly due to its tax classification.
There are no user reviews from GreatNonprofits available to provide additional insights or anecdotes from individuals who may have had direct interactions with Central Electric Power Cooperative Inc. Without these reviews, public perception based on firsthand accounts remains unshared.
This AI summary has been generated from information found on Charity Navigator.
Is Central Electric Power Cooperative Inc legitimate?
Central Electric Power Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Central Electric Power 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: $3,947,979
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,383,488
For more financial information, click here
Official website here: www.cepci.org
What is the mission statement of Central Electric Power Cooperative Inc?
Central Electric Power Cooperative Inc exists primarily to serve the needs of its members. The cooperative is dedicated to providing a dependable and long-term power supply, supporting growth while keeping costs minimal, in line with good utility practices. Central Electric ensures the reliable delivery of power when and where required, adhering to applicable guidelines. The organization offers additional energy-related and delivery-related services as directed by its Board of Trustees. Central Electric Power Cooperative functions as a generation and transmission cooperative, supplying electricity to twenty distribution cooperatives in South Carolina. Central constructs transmission tap lines to serve substations owned by the distribution cooperatives.
Official website here: www.cepci.org
Who is the CEO of Central Electric Power Cooperative Inc?
Ryan Thomas is the Secretary/Treasurer of Central Electric Power Cooperative Inc. The CEO's salary of Central Electric Power Cooperative Inc is $875,718 and their total compensation is $1,461,445.
Official website here: www.cepci.org
What is the revenue of Central Electric Power Cooperative Inc?
Central Electric Power Cooperative Inc's revenue in 2022 was $1,459,022,371.
Official website here: www.cepci.org
Who are the executives of Central Electric Power Cooperative Inc and what are their salaries?
The average compensation at Central Electric Power Cooperative Inc during 2022 was $143,646. There are 58 employees at Central Electric Power Cooperative Inc.
Here are 52 key members and their salaries (Central Electric Power Cooperative Inc's CEO's salary is $875,718 and their total compensation is $1,461,445):
- Compensation: $24,461
- Related: $0
- Other: $0
- Compensation: $13,117
- Related: $1,418
- Other: $0
- Compensation: $15,598
- Related: $0
- Other: $0
- Compensation: $14,535
- Related: $6,027
- Other: $0
- Compensation: $15,953
- Related: $0
- Other: $0
- Compensation: $13,117
- Related: $0
- Other: $0
- Compensation: $19,143
- Related: $0
- Other: $0
- Compensation: $14,889
- Related: $0
- Other: $0
- Compensation: $15,953
- Related: $0
- Other: $0
- Compensation: $11,344
- Related: $2,836
- Other: $0
- Compensation: $38,995
- Related: $0
- Other: $0
- Compensation: $39,704
- Related: $4,963
- Other: $0
- Compensation: $2,836
- Related: $1,418
- Other: $0
- Compensation: $13,117
- Related: $0
- Other: $0
- Compensation: $16,307
- Related: $3,191
- Other: $0
- Compensation: $21,625
- Related: $0
- Other: $0
- Compensation: $13,117
- Related: $0
- Other: $0
- Compensation: $23,752
- Related: $2,836
- Other: $0
- Compensation: $18,080
- Related: $0
- Other: $0
- Compensation: $14,889
- Related: $2,127
- Other: $0
- Compensation: $27,297
- Related: $0
- Other: $0
- Compensation: $18,434
- Related: $0
- Other: $0
- Compensation: $17,371
- Related: $4,254
- Other: $0
- Compensation: $14,535
- Related: $0
- Other: $0
- Compensation: $18,789
- Related: $0
- Other: $0
- Compensation: $13,117
- Related: $0
- Other: $0
- Compensation: $16,307
- Related: $0
- Other: $0
- Compensation: $13,471
- Related: $2,127
- Other: $0
- Compensation: $17,016
- Related: $0
- Other: $0
- Compensation: $17,016
- Related: $0
- Other: $0
- Compensation: $13,471
- Related: $3,900
- Other: $0
- Compensation: $14,889
- Related: $2,836
- Other: $0
- Compensation: $15,598
- Related: $0
- Other: $0
- Compensation: $14,889
- Related: $5,672
- Other: $0
- Compensation: $15,244
- Related: $0
- Other: $0
- Compensation: $14,889
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $10,990
- Related: $0
- Other: $0
- Compensation: $14,889
- Related: $0
- Other: $0
- Compensation: $875,718
- Related: $0
- Other: $585,727
- Compensation: $391,941
- Related: $0
- Other: $150,556
- Compensation: $29,024
- Related: $0
- Other: $9,178
- Compensation: $387,721
- Related: $0
- Other: $176,394
- Compensation: $307,713
- Related: $0
- Other: $119,866
- Compensation: $232,601
- Related: $0
- Other: $58,150
- Compensation: $254,032
- Related: $0
- Other: $178,020
- Compensation: $192,936
- Related: $0
- Other: $106,953
- Compensation: $189,385
- Related: $0
- Other: $104,396
- Compensation: $163,936
- Related: $0
- Other: $191,288
- Compensation: $161,588
- Related: $0
- Other: $69,736
- Compensation: $151,441
- Related: $0
- Other: $68,986
Official website here: www.cepci.org
Where can I find the form 990 for Central Electric Power Cooperative Inc?
Central Electric Power Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cepci.org
Learn more at the official website: www.cepci.org
Mission Statement of Central Electric Power Cooperative Inc
Central Electric Power Cooperative Inc, a benefit corporation, is dedicated to delivering a stable and reliable power supply to twenty member distribution cooperatives in South Carolina. The cooperative constructs transmission tap lines to serve substations owned by the distribution cooperatives, ensuring the reliable delivery of electricity when and where desired. Central Electric Power Cooperative's primary goal is to provide its members with a long-term and cost-effective power solution, accommodating growth in a responsible and efficient manner. The organization's mission is to serve as a trusted generator and transmitter of electricity, prioritizing the needs of its members while adhering to good utility practices.
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Impact
October, 2024
Central Electric Power Cooperative Inc. plays a crucial role in providing a reliable and stable supply of power to its network of member distribution cooperatives in South Carolina. By focusing exclusively on the needs of its members, Central ensures the long-term sustainability and growth of power supply, which is essential for community development and economic stability.
The cooperative's commitment to delivering power at the lowest possible cost aligns with best utility practices, helping to keep energy expenses manageable for its members. This focus on cost-efficiency contributes to the overall well-being of the communities served, enabling them to invest in local projects, infrastructure, and business development.
Moreover, Central Electric's dedication to reliable power delivery means that member cooperatives can depend on a consistent energy source, facilitating uninterrupted service to consumers. The construction of transmission tap lines to serve substations owned by distribution cooperatives enhances infrastructure resilience and accessibility.
In addition to power supply, Central Electric is responsive to its members’ evolving energy needs, providing ancillary energy-related services as directed by its Board of Trustees. This adaptability is critical in an ever-changing energy landscape, allowing member cooperatives to explore new technologies and solutions that can further enhance service delivery.
Overall, Central Electric Power Cooperative Inc. significantly impacts member communities by ensuring reliable power, fostering economic growth, and adapting to emerging energy challenges, all while prioritizing the interests of its members.
This information is meant to be a general summary of Central Electric Power 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: $757,751
- Program Service Revenue: $1,456,068,301
- Gross Receipts: $1,463,989,462
Assets and Liabilities:
- Total Assets: $519,315,059
- Total Liabilities: $443,946,712
- Net Assets: $75,368,347
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES OF ELECTRIC ENERGY
Revenue
$1,456,068,301
Organization Details
Founding Year
1948
Phone
(803) 779-4975Principal Officer
Ryan Thomas
Main Address
20 COOPERATIVE WAY, COLUMBIA, SC, 29210
Website
www.cepci.orgNTEE Category
Code: W80 - Public benefit
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