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.
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 not tax deductible.
Here 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
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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.
Impact
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.
Saturday, April 13, 2024
Sumter Electric Cooperative Inc's impact lies in its provision of reliable and innovative energy services to its members and communities. By serving over 231,000 accounts in its service area, Sumter Electric Cooperative plays a crucial role in ensuring the availability of electricity to a large population. This, in turn, contributes to the well-being and progress of the communities it serves by powering homes, businesses, and essential infrastructure. As a public benefit organization, Sumter Electric Cooperative's impact extends beyond mere electricity provision, influencing the broader economic and social development of its region.
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.
- Assets and Liabilities:
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) 793-3801
Principal Officer
Curtis Wynn
Main Address
P O BOX 301, SUMTERVILLE, FL, 335850301
Website
www.secoenergy.com
NTEE Category
Code: W80 - Public benefit