Overview
What is Jackson Energy Cooperative?
Jackson Energy Cooperative is a nonprofit organization headquartered at 115 Jackson Energy Lane, McKee, Kentucky (40447). Their primary mission is to provide electric service to approximately 52,719 member-owners on a patronage basis. The cooperative specializes in the distribution and sales of electricity to its members, ensuring a community-oriented approach to energy provision. With a team of 124 employees, they remain committed to meeting the electricity needs of their members in an efficient and sustainable manner.
Official website here: www.jacksonenergy.com
Is Jackson Energy Cooperative legitimate?
Jackson Energy Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Jackson 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: $430,727
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,991,707
For more financial information, click here
Official website here: www.jacksonenergy.com
What is the mission statement of Jackson Energy Cooperative?
Jackson Energy Cooperative is committed to providing electric service to its member owners on a patronage basis. This cooperative's mission revolves around the distribution of electricity, serving an average of over 52,719 members each month. By operating on a patronage basis, the cooperative ensures that its members are at the heart of its operations. The cooperative's primary goal is to deliver reliable and essential electric power to its community of members. Its dedication to this mission is unwavering, ensuring that its members receive the energy they need to power their homes and businesses. Through this commitment, Jackson Energy Cooperative fosters a strong bond with its members, focusing on their unique needs and concerns.
Official website here: www.jacksonenergy.com
Who is the CEO of Jackson Energy Cooperative?
Carol Wright is the Director of Jackson Energy Cooperative. The CEO's salary of Jackson Energy Cooperative is $289,727 and their total compensation is $377,445.
Official website here: www.jacksonenergy.com
What is the revenue of Jackson Energy Cooperative?
Jackson Energy Cooperative's revenue in 2022 was $131,798,602.
Official website here: www.jacksonenergy.com
Who are the executives of Jackson Energy Cooperative and what are their salaries?
The average compensation at Jackson Energy Cooperative during 2022 was $84,052. There are 124 employees at Jackson Energy Cooperative.
Here are 15 key members and their salaries (Jackson Energy Cooperative's CEO's salary is $289,727 and their total compensation is $377,445):
- Compensation: $15,400
- Related: $0
- Other: $0
- Compensation: $14,400
- Related: $0
- Other: $0
- Compensation: $14,800
- Related: $0
- Other: $0
- Compensation: $16,400
- Related: $0
- Other: $0
- Compensation: $15,400
- Related: $0
- Other: $0
- Compensation: $14,400
- Related: $0
- Other: $0
- Compensation: $15,400
- Related: $0
- Other: $0
- Compensation: $16,800
- Related: $0
- Other: $0
- Compensation: $18,000
- Related: $0
- Other: $0
- Compensation: $289,727
- Related: $0
- Other: $87,718
- Compensation: $149,566
- Related: $0
- Other: $58,761
- Compensation: $123,870
- Related: $0
- Other: $41,848
- Compensation: $137,805
- Related: $0
- Other: $61,640
- Compensation: $140,694
- Related: $0
- Other: $25,115
- Compensation: $121,799
- Related: $0
- Other: $30,297
Official website here: www.jacksonenergy.com
Where can I find the form 990 for Jackson Energy Cooperative?
Jackson Energy Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.jacksonenergy.com
Learn more at the official website: www.jacksonenergy.com
Mission Statement of Jackson Energy Cooperative
Jackson Energy Cooperative, a not-for-profit organization, is dedicated to providing electric service to its member owners on a patronage basis. With an average of over 52,719 members served each month, the cooperative prioritizes the distribution of electricity in a unique and community-focused manner.
In simple terms, Jackson Energy Cooperative functions as a power supplier for its member-owners. The cooperative's mission is deeply rooted in the idea of collective ownership and shared benefits. Its members are not merely consumers; they are active participants in the cooperative's success. By prioritizing the distribution of electricity on a patronage basis, Jackson Energy Cooperative emphasizes the importance of its members as key stakeholders in the organization.
The cooperative's operations are centered around the belief that electricity is a fundamental necessity for modern living. By delivering this essential resource to its members, Jackson Energy Cooperative plays a pivotal role in improving the quality of life for the communities it serves. The cooperative's commitment to its mission is unwavering, ensuring that its member-owners receive reliable and affordable electric service.
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Impact
October, 2024
Jackson Energy Cooperative plays a vital role in providing electric service to its member owners, serving an average of over 52,719 customers each month in McKee, Kentucky. By focusing on distribution sales of electricity on a patronage basis, the cooperative ensures that its members receive reliable power while also fostering a sense of community ownership. This model not only empowers local residents but also contributes to the broader public benefit by promoting affordable electricity access and supporting regional development. Through its commitment to member-focused service, Jackson Energy Cooperative enhances the quality of life for individuals and families in the area, fulfilling its mission of dependable electricity distribution.
This information is meant to be a general summary of Jackson 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: $122,996
- Program Service Revenue: $127,008,235
- Gross Receipts: $131,798,602
Assets and Liabilities:
- Total Assets: $302,207,183
- Total Liabilities: $167,348,744
- Net Assets: $134,858,439
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC SERVICE
Revenue
$126,991,839
ELECTRIC MERCHANDISE
Revenue
$16,396
Organization Details
Founding Year
1938
Phone
(606) 364-1000Principal Officer
Carol Wright
Main Address
115 JACKSON ENERGY LANE, MCKEE, KY, 40447
Website
www.jacksonenergy.comNTEE Category
Code: W80 - Public benefit
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