Overview
What is Inter-County Energy Cooperative?
Inter-County Energy Cooperative is a nonprofit organization based in Danville, Kentucky. With a mission to provide electric service, they serve approximately 27,520 member-owners on a patronage basis each month. Their operations employ 66 individuals, and they are dedicated to delivering electricity to their community.
Official website here: www.intercountyenergy.net
Is Inter-County Energy Cooperative legitimate?
Inter-County Energy Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Inter-County Energy Cooperative 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: $311,537
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,097,536
For more financial information, click here
Official website here: www.intercountyenergy.net
What is the mission statement of Inter-County Energy Cooperative?
The Inter-County Energy Cooperative is dedicated to providing electric service to its member owners on a patronage basis. It serves an average of approximately 26,278 consumers per month. The cooperative's mission is centered around delivering electricity to its members, operating under the patronage system. By doing so, it ensures that the needs of its members are prioritized and their voices are heard in the energy industry. The cooperative's primary goal is to meet the electricity needs of its community of members, maintaining a commitment to consistent and reliable service.
Official website here: www.intercountyenergy.net
Who is the CEO of Inter-County Energy Cooperative?
Jerry W Carter is the Chairman of Inter-County Energy Cooperative. The CEO's salary of Inter-County Energy Cooperative is $205,262 and their total compensation is $265,399.
Official website here: www.intercountyenergy.net
What is the revenue of Inter-County Energy Cooperative?
Inter-County Energy Cooperative's revenue in 2022 was $74,823,291.
Official website here: www.intercountyenergy.net
Who are the executives of Inter-County Energy Cooperative and what are their salaries?
The average compensation at Inter-County Energy Cooperative during 2022 was $81,956. There are 66 employees at Inter-County Energy Cooperative.
Here are 12 key members and their salaries (Inter-County Energy Cooperative's CEO's salary is $205,262 and their total compensation is $265,399):
- Compensation: $18,075
- Related: $0
- Other: $0
- Compensation: $20,600
- Related: $0
- Other: $0
- Compensation: $21,650
- Related: $0
- Other: $0
- Compensation: $15,875
- Related: $0
- Other: $0
- Compensation: $14,225
- Related: $0
- Other: $0
- Compensation: $15,850
- Related: $0
- Other: $0
- Compensation: $205,262
- Related: $0
- Other: $60,137
- Compensation: $150,980
- Related: $0
- Other: $44,203
- Compensation: $117,463
- Related: $0
- Other: $37,214
- Compensation: $131,379
- Related: $0
- Other: $38,592
- Compensation: $127,037
- Related: $0
- Other: $32,297
- Compensation: $116,014
- Related: $0
- Other: $23,324
Official website here: www.intercountyenergy.net
Where can I find the form 990 for Inter-County Energy Cooperative?
Inter-County Energy Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.intercountyenergy.net
Learn more at the official website: www.intercountyenergy.net
Mission Statement of Inter-County Energy Cooperative
Inter-County Energy Cooperative, a leading provider of electric service, operates on a unique patronage basis to serve approximately 26,278 consumers each month. The cooperative's mission is to deliver electricity to its member-owners, fostering a sense of community and shared ownership. By prioritizing its members, Inter-County Energy Cooperative distinguishes itself from conventional energy providers. With a commitment to serve an average of around 27,520 consumers monthly, the cooperative ensures a reliable flow of electricity to homes and businesses. Through this dedicated approach, Inter-County Energy Cooperative strengthens the bond between its members and the energy provider, creating a mutually beneficial partnership.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Inter-County Energy Cooperative significantly impacts the communities it serves by providing reliable electric service to approximately 27,520 member-owners each month. This cooperative model ensures that the electricity is delivered on a patronage basis, meaning that profits are returned to the members rather than distributed to shareholders. By prioritizing the needs of its consumer-members, the cooperative fosters a strong sense of community and local engagement.
In addition to reliable energy service, Inter-County Energy Cooperative plays a crucial role in economic development within the region. By supplying power to homes and businesses, the cooperative enhances the quality of life for residents and encourages local economic growth. Additionally, the cooperative's commitment to serving its members helps ensure affordable energy rates and a focus on sustainable practices, which can contribute to the long-term viability of the environment and community well-being.
Overall, Inter-County Energy Cooperative’s operations not only meet the essential energy needs of its members but also support broader public benefits, reinforcing the cooperative's ethos of community service and responsibility.
This information is meant to be a general summary of Inter-County Energy Cooperative. 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: $141,199
- Program Service Revenue: $72,360,888
- Gross Receipts: $74,823,291
Assets and Liabilities:
- Total Assets: $149,903,408
- Total Liabilities: $92,837,069
- Net Assets: $57,066,339
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROVIDE ELECTRIC SERVICE
Revenue
$72,360,588
ELECTRIC MERCHANDISE
Revenue
$300
Organization Details
Founding Year
1937
Phone
(859) 236-4561Principal Officer
Jerry W Carter
Main Address
PO BOX 87, DANVILLE, KY, 40422
Website
www.intercountyenergy.netNTEE Category
Code: W80 - Public benefit
If you are a representative of Inter-County Energy Cooperative and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.