Little Ocmulgee Electric Membership Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 580328075 ✦ Alamo, GA ✦ Designated as a 501(c)(12)

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Overview

What is Little Ocmulgee Electric Membership Corporation?

Little Ocmulgee Electric Membership Corporation, based in Alamo, Georgia (PO Box 150), is a dedicated nonprofit organization committed to delivering superior electric services to its community. With a team of 37 employees, they strive to provide the best possible electric service to all who desire it within their service area, ensuring affordable prices without compromising on quality. Their mission is to consistently uphold the highest standard of service while catering to the needs of their clientele.


Official website here: www.loemc.com

Is Little Ocmulgee Electric Membership Corporation legitimate?

Little Ocmulgee Electric Membership Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Little Ocmulgee Electric Membership Corporation 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: $363,938
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.loemc.com

What is the mission statement of Little Ocmulgee Electric Membership Corporation?

Little Ocmulgee Electric Membership Corporation is dedicated to delivering superior electric service to all who seek it within their service area. They strive to offer this service at the most affordable price, without compromising the highest standard of quality. The corporation puts great effort into ensuring the satisfaction of their customers by consistently providing excellent electric service. They prioritize the needs of their community and aim to meet their demands effectively and efficiently. By maintaining a strong commitment to customer service and affordability, Little Ocmulgee Electric Membership Corporation continues to serve and exceed expectations.


Official website here: www.loemc.com

Who is the CEO of Little Ocmulgee Electric Membership Corporation?

Lewis Sheffield is the Director of Little Ocmulgee Electric Membership Corporation.


Official website here: www.loemc.com

What is the revenue of Little Ocmulgee Electric Membership Corporation?

Little Ocmulgee Electric Membership Corporation's revenue in 2022 was $25,249,689.


Official website here: www.loemc.com

Who are the executives of Little Ocmulgee Electric Membership Corporation and what are their salaries?

The average compensation at Little Ocmulgee Electric Membership Corporation during 2022 was $9,836. There are 37 employees at Little Ocmulgee Electric Membership Corporation.


Here are 10 key members and their salaries:


Jimmy Grimes (Director)
  • Compensation: $19,261
  • Related: $0
  • Other: $0
Wesley Yawn (Director)
  • Compensation: $24,489
  • Related: $0
  • Other: $0
George Best (Director)
  • Compensation: $7,335
  • Related: $0
  • Other: $0
Benny Evans (Director-Sec/Treasur)
  • Compensation: $19,261
  • Related: $0
  • Other: $0
Larue Fountain (Director)
  • Compensation: $10,789
  • Related: $0
  • Other: $0
Fred Gilder (Director)
  • Compensation: $12,641
  • Related: $0
  • Other: $0
Jim Knight (Director - Vice President)
  • Compensation: $13,139
  • Related: $0
  • Other: $0
Carey Locke (Director - President)
  • Compensation: $19,261
  • Related: $0
  • Other: $0
Ronnie Bates (Director)
  • Compensation: $24,489
  • Related: $0
  • Other: $0
Lewis Sheffield (General Manager)
  • Compensation: $178,147
  • Related: $0
  • Other: $35,126


Official website here: www.loemc.com

Where can I find the form 990 for Little Ocmulgee Electric Membership Corporation?

Little Ocmulgee Electric Membership Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.loemc.com

Learn more at the official website: www.loemc.com

Mission Statement of Little Ocmulgee Electric Membership Corporation

Little Ocmulgee Electric Membership Corporation, a dedicated organization, is committed to delivering top-notch electric services to all those who wish to avail of it within its service area. The corporation prioritizes affordability, offering the lowest prices without compromising the quality of service. Its mission is two-fold: to provide superior electric services and to ensure that these services are accessible to everyone within its service area. The organization strives to meet the electricity needs of its customers while maintaining the highest service standards.

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Impact




October, 2024

Little Ocmulgee Electric Membership Corporation (LOEMC) plays a significant role in enhancing the quality of life for residents within its service area in Alamo, Georgia. By delivering reliable electric service to all who seek it, LOEMC ensures that essential energy needs are met, fostering growth and development within the community. The corporation's commitment to providing electricity at the lowest possible cost aligns with its mission to maintain the highest standards of service.

This focus on affordability and reliability not only supports households but also benefits local businesses by enabling them to operate efficiently and effectively. Additionally, LOEMC's dedication to public benefit bolsters community resilience, making it a vital partner in promoting sustainability and energy efficiency initiatives. Overall, LOEMC's impact extends beyond just electricity provision; it contributes to the economic vitality and overall well-being of the communities it serves.




This information is meant to be a general summary of Little Ocmulgee Electric Membership Corporation. 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
$25,249,689 (2022)
Expenses
$25,249,689 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $38,553
  • Program Service Revenue: $25,072,445
  • Gross Receipts: $25,249,689

Assets and Liabilities:

  • Total Assets: $66,749,310
  • Total Liabilities: $40,277,450
  • Net Assets: $26,471,860

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Programs

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

SALE OF ELECTRICITY

Revenue

$24,960,362

G & T & OTHER CAPITAL CREDITS

Revenue

$187,622

OTHER

Revenue

-$75,539

Organization Details

Founding Year

1938

Principal Officer

Lewis Sheffield

Main Address

PO BOX 150, ALAMO, GA, 30411

NTEE Category

Code: W80 - Public benefit

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