Overview
What is Big Sandy Rural Electric Cooperative Corporation?
Big Sandy Rural Electric Cooperative Corporation is a nonprofit organization based in Paintsville, Kentucky, with an average consumer base of approximately 12,763 individuals. Their primary mission is to provide electric services to member owners on a patronage basis. With a team of 51 employees, they ensure the delivery of electricity to communities in an efficient and sustainable manner. The cooperative serves around 12,000 consumers monthly, making a significant difference in the lives of residents in the area.
Official website here: www.bigsandyrecc.com
What are the reviews and ratings of this charity?
Big Sandy Rural Electric Cooperative Corporation is not currently rated by Charity Navigator. This absence of a rating does not imply a positive or negative assessment but is due to the organization's lack of 501(c)(3) status, which is necessary for evaluation under Charity Navigator's methodologies. Consequently, information such as revenue, expenses, or leadership salaries is unavailable.
The cooperative's historical ratings were primarily based on versions of Accountability and Finance scores, but these did not consider criteria like Impact & Measurement, Leadership & Adaptability, or Culture & Community. Since it is not a 501(c)(3) and does not file Form 990, this affects its eligibility for a rating, making it difficult to independently assess its impact or financial practices through Charity Navigator.
There are no user reviews available from GreatNonprofits, which further limits public insights into the organization's operations and community impact. Without user feedback or a Charity Navigator rating, it remains challenging to fully evaluate Big Sandy Rural Electric Cooperative Corporation from a nonprofit analysis perspective.
This AI summary has been generated from information found on Charity Navigator.
Is Big Sandy Rural Electric Cooperative Corporation legitimate?
Big Sandy Rural Electric Cooperative Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Big Sandy Rural Electric Cooperative 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: $175,503
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,966,004
For more financial information, click here
Official website here: www.bigsandyrecc.com
What is the mission statement of Big Sandy Rural Electric Cooperative Corporation?
Big Sandy Rural Electric Cooperative Corporation operates on a patronage basis, providing electric service to a community of approximately 12,763 consumers monthly. Their mission is centered around delivering electricity to member owners, fostering a sense of community and ownership amongst the consumers they serve. By providing reliable electric service, the cooperative contributes to the comfort and productivity of its members' daily lives. Additionally, the corporation prioritizes maintaining an average consumer base of around 12,763, emphasizing a commitment to consistent and sustainable service.
Official website here: www.bigsandyrecc.com
Who is the CEO of Big Sandy Rural Electric Cooperative Corporation?
Bruce A Davis is the Chairman of Big Sandy Rural Electric Cooperative Corporation. The CEO's salary of Big Sandy Rural Electric Cooperative Corporation is $121,923 and their total compensation is $188,159.
Official website here: www.bigsandyrecc.com
What is the revenue of Big Sandy Rural Electric Cooperative Corporation?
Big Sandy Rural Electric Cooperative Corporation's revenue in 2022 was $30,032,172.
Official website here: www.bigsandyrecc.com
Who are the executives of Big Sandy Rural Electric Cooperative Corporation and what are their salaries?
The average compensation at Big Sandy Rural Electric Cooperative Corporation during 2022 was $61,598. There are 51 employees at Big Sandy Rural Electric Cooperative Corporation.
Here are 12 key members and their salaries (Big Sandy Rural Electric Cooperative Corporation's CEO's salary is $121,923 and their total compensation is $188,159):
- Compensation: $15,511
- Related: $0
- Other: $15,511
- Compensation: $9,468
- Related: $0
- Other: $9,468
- Compensation: $9,146
- Related: $0
- Other: $9,146
- Compensation: $9,412
- Related: $0
- Other: $9,412
- Compensation: $14,075
- Related: $0
- Other: $14,075
- Compensation: $9,118
- Related: $0
- Other: $9,118
- Compensation: $8,715
- Related: $0
- Other: $8,715
- Compensation: $121,923
- Related: $0
- Other: $66,236
- Compensation: $99,081
- Related: $0
- Other: $48,679
- Compensation: $159,337
- Related: $0
- Other: $22,959
- Compensation: $131,458
- Related: $0
- Other: $12,869
- Compensation: $122,741
- Related: $0
- Other: $23,437
Official website here: www.bigsandyrecc.com
Where can I find the form 990 for Big Sandy Rural Electric Cooperative Corporation?
Big Sandy Rural Electric Cooperative Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bigsandyrecc.com
Learn more at the official website: www.bigsandyrecc.com
Mission Statement of Big Sandy Rural Electric Cooperative Corporation
Big Sandy Rural Electric Cooperative Corporation, a patronage-based organization, is dedicated to providing electric service to its member owners. With an average of approximately 12,763 consumers relying on them monthly, this corporation puts great emphasis on delivering reliable electricity to its community.
The mission of Big Sandy Rural Electric Cooperative Corporation is rooted in the principle of serving its member owners. By operating on a patronage basis, the organization ensures that its members have a voice in the decision-making process and share in the cooperative's profits. Through this commitment, the corporation not only provides essential electric services but also fosters a strong sense of community among its members.
Big Sandy Rural Electric Cooperative Corporation prides itself on its ability to consistently meet the power needs of its clientele. The cooperative understands the importance of a stable electricity supply, especially in today's interconnected world, and strives to deliver this crucial resource to its members. By prioritizing their needs and engaging them in the cooperative's operations, Big Sandy Rural Electric Cooperative Corporation cultivates a loyal and thriving community.
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Impact
October, 2024
Big Sandy Rural Electric Cooperative Corporation plays a vital role in the community by providing reliable electric service to approximately 12,763 consumers monthly in Paintsville, Kentucky. By operating on a patronage basis, the cooperative ensures that its member owners benefit directly from the services provided. This model fosters a sense of community ownership and encourages local input into how electric service is delivered. The cooperative's commitment to serving its members not only enhances energy accessibility but also contributes to the overall economic development in the region.
This information is meant to be a general summary of Big Sandy Rural Electric Cooperative 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $304,649
- Program Service Revenue: $28,907,463
- Gross Receipts: $30,032,172
Assets and Liabilities:
- Total Assets: $64,233,203
- Total Liabilities: $34,801,433
- Net Assets: $29,431,770
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC REVENUE
Revenue
$28,907,463
Organization Details
Founding Year
1936
Phone
(606) 789-4095Principal Officer
Bruce A Davis
Main Address
504 11TH STREET, PAINTSVILLE, KY, 41240
Website
www.bigsandyrecc.comNTEE Category
Code: W80 - Public benefit
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