Overview
What is Cumberland Valley Electric Inc?
Cumberland Valley Electric Inc is a nonprofit organization, headquartered in Gray, Kentucky, with a PO Box address (440). Their primary mission is to provide electric service to a community of approximately 24,047 member-owners on a patronage basis. With a workforce of 54 employees, they deliver essential electricity services to an average of 24,047 consumers monthly.
Official website here: www.cumberlandvalley.coop
What are the reviews and ratings of this charity?
Cumberland Valley Electric Inc is not currently rated by Charity Navigator, primarily because it is not a 501(c)(3) IRS registered nonprofit. This absence of a rating does not indicate either a positive or negative assessment. Charity Navigator ratings are typically determined by scores in various areas such as Accountability & Finance, none of which apply here due to its non-501(c)(3) status.
The organization has historic data available through sources such as IRS Published Data, but the lack of specific ratings or assessment in areas like Impact & Measurement limits further insight. It suggests an independent status but no detailed financial information, such as total revenue, expenses, or key person salaries, is provided.
No user reviews are available for Cumberland Valley Electric Inc on GreatNonprofits, leaving a gap in public sentiment or personal experiences shared by individuals interacting with or benefiting from their services. This absence of anecdotal feedback makes it challenging to provide any additional perspective from a community angle.
This AI summary has been generated from information found on Charity Navigator.
Is Cumberland Valley Electric Inc legitimate?
Cumberland Valley Electric Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Cumberland Valley Electric 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: $291,374
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,500,669
For more financial information, click here
Official website here: www.cumberlandvalley.coop
What is the mission statement of Cumberland Valley Electric Inc?
Cumberland Valley Electric Inc is dedicated to providing electric service to its member owners on a patronage basis. With an average of 24,047 consumers relying on them monthly, they prioritize delivering reliable electricity to their community. Their mission goes beyond just supplying power; it's about serving their members with commitment and dedication. By operating on a patronage basis, they ensure that the needs and concerns of their consumers are at the heart of their operations. Their primary focus is on maintaining a consistent power supply for their members, enhancing their overall quality of life.
Official website here: www.cumberlandvalley.coop
Who is the CEO of Cumberland Valley Electric Inc?
Ted Hampton is the Chairman of Cumberland Valley Electric Inc.
Official website here: www.cumberlandvalley.coop
What is the revenue of Cumberland Valley Electric Inc?
Cumberland Valley Electric Inc's revenue in 2022 was $61,782,412.
Official website here: www.cumberlandvalley.coop
Who are the executives of Cumberland Valley Electric Inc and what are their salaries?
The average compensation at Cumberland Valley Electric Inc during 2022 was $88,742. There are 54 employees at Cumberland Valley Electric Inc.
Here are 11 key members and their salaries:
- Compensation: $12,300
- Related: $0
- Other: $0
- Compensation: $13,046
- Related: $0
- Other: $0
- Compensation: $12,600
- Related: $0
- Other: $0
- Compensation: $21,845
- Related: $0
- Other: $0
- Compensation: $12,462
- Related: $0
- Other: $0
- Compensation: $195,934
- Related: $0
- Other: $85,394
- Compensation: $153,264
- Related: $0
- Other: $23,623
- Compensation: $134,985
- Related: $0
- Other: $23,616
- Compensation: $151,454
- Related: $0
- Other: $65,513
- Compensation: $141,147
- Related: $0
- Other: $21,623
- Compensation: $144,856
- Related: $0
- Other: $29,246
Official website here: www.cumberlandvalley.coop
Where can I find the form 990 for Cumberland Valley Electric Inc?
Cumberland Valley Electric Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cumberlandvalley.coop
Learn more at the official website: www.cumberlandvalley.coop
Mission Statement of Cumberland Valley Electric Inc
Cumberland Valley Electric Inc, a cooperative entity, is dedicated to delivering electric services to its member owners on a patronage basis. With an average consumer base of 24,047 individuals monthly, this organization ensures the communities it serves have uninterrupted access to electricity. By operating on a patronage basis, Cumberland Valley Electric Inc fosters a sense of ownership and commitment among its members.
In pursuit of its mission, Cumberland Valley Electric Inc provides essential electric services to its member-owners. This nonprofit organization's primary objective is to ensure a reliable and consistent power supply to its community. The cooperative's team of dedicated professionals work tirelessly to maintain the electrical infrastructure and respond promptly to any operational disruptions. The members' satisfaction is the top priority, and Cumberland Valley Electric Inc is committed to delivering high-quality services to meet their electricity needs.
Moreover, Cumberland Valley Electric Inc's patronage system empowers its members to have a voice in the organization's decision-making process. Members contribute to the cooperative through their electric usage and, in turn, share in the profits generated by the organization. This patronage model fosters a strong sense of community and creates an environment where members are invested in the success of Cumberland Valley Electric Inc. In summary, Cumberland Valley Electric Inc is a member-owned cooperative devoted to delivering reliable electric services to its community while fostering a strong bond among its members.
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Impact
October, 2024
Cumberland Valley Electric Inc plays a critical role in providing reliable electric service to its member owners on a patronage basis. Serving an average of 24,047 consumers monthly, the organization ensures that communities in Gray, Kentucky, have access to essential electricity services. By focusing on the needs of its members, Cumberland Valley Electric Inc not only meets the demand for power but also fosters a sense of community ownership and participation in the electrical service process. Its mission is centered on delivering value to consumers while promoting public benefit, creating a positive impact on the lives of those it serves.
This information is meant to be a general summary of Cumberland Valley Electric 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: $226,480
- Program Service Revenue: $58,562,218
- Gross Receipts: $61,782,412
Assets and Liabilities:
- Total Assets: $129,197,657
- Total Liabilities: $69,435,087
- Net Assets: $59,762,570
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC SERVICE
Revenue
$58,562,218
Organization Details
Founding Year
1940
Phone
(606) 528-2677Principal Officer
Ted Hampton
Main Address
PO BOX 440, GRAY, KY, 40734
Website
www.cumberlandvalley.coopNTEE Category
Code: W80 - Public benefit
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