Overview
What is Sumter Electric Cooperative Inc?
Sumter Electric Cooperative Inc is a not-for-profit cooperative based in Sumterville, Florida. With a workforce of 480 employees, their primary mission is to deliver reliable and innovative energy services to over 231,000 accounts in their service area. The cooperative sells and distributes electricity, ensuring a consistent energy supply to their members and communities.
Official website here: www.secoenergy.com
What are the reviews and ratings of this charity?
Sumter Electric Cooperative Inc is not currently rated on Charity Navigator, primarily because it does not qualify under the typical 501(c)(3) IRS registered nonprofit category. This absence of a rating does not reflect on the organization's efficacy or financial management but simply indicates that it hasn't undergone the evaluation process.
The data from Charity Navigator highlights that Sumter Electric Cooperative operates independently, unaffiliated with parent organizations. This independent status can facilitate tailored decision-making and potentially a more direct impact within its community, although detailed insights into its operations, such as revenues or expenses, are not available through this source.
GreatNonprofits does not provide user reviews for Sumter Electric Cooperative Inc, leaving a gap in the general public's ability to discern direct community and participant feedback about its services and impact. Despite the absence of reviews, it's important for community members to engage directly or seek information through local sources to better understand its role and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Sumter Electric Cooperative Inc legitimate?
Sumter Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Sumter 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: $5,384,019
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,614,320
For more financial information, click here
Official website here: www.secoenergy.com
What is the mission statement of Sumter Electric Cooperative Inc?
Sumter Electric Cooperative Inc, as a not-for-profit cooperative, is committed to providing reliable and innovative energy services to its members and communities. With a mission to deliver electricity to over 231,000 accounts in its service area, the cooperative goes beyond just selling and distributing energy. It strives to make a positive impact on the lives of those it serves, ensuring the availability of dependable and advanced energy solutions. The cooperative's dedication to its members and communities drives its every action.
Official website here: www.secoenergy.com
Who is the CEO of Sumter Electric Cooperative Inc?
Curtis Wynn is the Ceo of Sumter Electric Cooperative Inc. The CEO's salary of Sumter Electric Cooperative Inc is $666,184 and their total compensation is $670,325.
Official website here: www.secoenergy.com
What is the revenue of Sumter Electric Cooperative Inc?
Sumter Electric Cooperative Inc's revenue in 2022 was $537,389,478.
Official website here: www.secoenergy.com
Who are the executives of Sumter Electric Cooperative Inc and what are their salaries?
The average compensation at Sumter Electric Cooperative Inc during 2022 was $14,580. There are 480 employees at Sumter Electric Cooperative Inc.
Here are 23 key members and their salaries (Sumter Electric Cooperative Inc's CEO's salary is $666,184 and their total compensation is $670,325):
- Compensation: $696,900
- Related: $0
- Other: $169,803
- Compensation: $666,184
- Related: $0
- Other: $4,141
- Compensation: $502,592
- Related: $0
- Other: $165,205
- Compensation: $447,859
- Related: $0
- Other: $142,241
- Compensation: $417,618
- Related: $0
- Other: $131,915
- Compensation: $433,789
- Related: $0
- Other: $107,224
- Compensation: $425,763
- Related: $0
- Other: $106,667
- Compensation: $280,735
- Related: $0
- Other: $113,240
- Compensation: $250,083
- Related: $0
- Other: $137,388
- Compensation: $205,215
- Related: $0
- Other: $147,678
- Compensation: $268,198
- Related: $0
- Other: $64,869
- Compensation: $207,420
- Related: $0
- Other: $93,716
- Compensation: $203,836
- Related: $0
- Other: $83,902
- Compensation: $213,246
- Related: $0
- Other: $71,836
- Compensation: $33,703
- Related: $0
- Other: $0
- Compensation: $32,203
- Related: $0
- Other: $0
- Compensation: $28,403
- Related: $0
- Other: $0
- Compensation: $28,402
- Related: $0
- Other: $0
- Compensation: $26,003
- Related: $0
- Other: $0
- Compensation: $23,753
- Related: $0
- Other: $0
- Compensation: $23,653
- Related: $0
- Other: $0
- Compensation: $23,603
- Related: $0
- Other: $0
- Compensation: $19,353
- Related: $0
- Other: $0
Official website here: www.secoenergy.com
Where can I find the form 990 for Sumter Electric Cooperative Inc?
Sumter Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.secoenergy.com
Learn more at the official website: www.secoenergy.com
Mission Statement of Sumter Electric Cooperative Inc
Sumter Electric Cooperative Inc, a not-for-profit cooperative, is dedicated to delivering dependable and innovative energy solutions to its members and communities. The organization's primary mission is to provide electricity to over 231,000 accounts in its service area. As a cooperative, Sumter Electric Cooperative Inc prioritizes the needs of its members above all else, ensuring they receive top-tier energy services. The cooperative's commitment to innovation is evident in its efforts to deliver reliable and forward-thinking energy solutions. By focusing on both reliability and innovation, Sumter Electric Cooperative Inc sets itself apart as a trusted energy provider for its community members. Through its unwavering dedication to excellence, the cooperative strives to enhance the quality of life for its members and contribute to the overall progress of the communities it serves.
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Impact
October, 2024
Sumter Electric Cooperative Inc significantly impacts its community by providing reliable and innovative energy services to over 231,000 accounts within its service area. Headquartered in Sumterville, Florida, SECO Energy prioritizes the needs of its members, ensuring that they receive consistent electricity supply while also embracing advancements in energy solutions.
By focusing on public benefit, SECO Energy fosters community development and sustainability. The cooperative not only serves as a vital utility provider but also engages with local initiatives to promote energy efficiency and renewable resources. This commitment to the community enhances the quality of life for residents while contributing to the overall economic growth of the region.
This information is meant to be a general summary of Sumter 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 2022.
- Investment Income: $417,942
- Program Service Revenue: $536,877,881
- Gross Receipts: $537,420,252
Assets and Liabilities:
- Total Assets: $1,126,136,135
- Total Liabilities: $783,012,991
- Net Assets: $343,123,144
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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
$528,468,741
SERVICE CHARGE INCOME
Revenue
$4,088,054
POLE RENTAL
Revenue
$3,115,167
CAPITAL CREDITS - OTHER
Revenue
$1,205,919
Organization Details
Founding Year
1938
Phone
(352) 793-3801Principal Officer
Curtis Wynn
Main Address
P O BOX 301, SUMTERVILLE, FL, 335850301
Website
www.secoenergy.comNTEE Category
Code: W80 - Public benefit
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