Overview
What is Nolin Rural Electric Cooperative Corp?
Nolin Rural Electric Cooperative Corp is a nonprofit organization based in Elizabetown, Kentucky. With a team of 107 employees, they provide essential electric services to an average of 36,794 consumers on a patronage basis. This means that, as members, the consumers have a voice in the cooperative's operations and share in its profits. The organization's mission is centered around delivering electricity to its members, ensuring reliable access to power and maintaining a strong commitment to the community they serve.
Official website here: www.nolin.com
What are the reviews and ratings of this charity?
Nolin Rural Electric Cooperative Corp is currently not rated by Charity Navigator. This absence of a rating does not reflect a positive or negative assessment, primarily because the organization is not a 501(c)(3) nonprofit, which is a prerequisite for evaluation in Charity Navigator's existing methodologies.
Charity Navigator's historic ratings primarily reflect aspects of Accountability and Finance. However, such evaluations are inapplicable here due to Nolin's organizational structure. This means there is no available data on its revenue, expenses, or key personnel salaries from this source.
No user reviews from GreatNonprofits are available for Nolin Rural Electric Cooperative Corp, so we don't have any additional feedback on the organization's performance or community impact from that platform.
This AI summary has been generated from information found on Charity Navigator.
Is Nolin Rural Electric Cooperative Corp legitimate?
Nolin Rural Electric Cooperative Corp is a legitimate nonprofit organization registered as a 501(c)(12) entity. Nolin Rural Electric Cooperative Corp 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: $353,717
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,144,236
For more financial information, click here
Official website here: www.nolin.com
What is the mission statement of Nolin Rural Electric Cooperative Corp?
Nolin Rural Electric Cooperative Corp is dedicated to delivering electric service on a patronage basis to an average of 36,794 consumers on a monthly basis. The cooperative places great emphasis on providing electricity to its community, ensuring a consistent and reliable energy source for its members. By operating on a patronage basis, the cooperative prioritizes the needs and satisfaction of its consumers, fostering a strong sense of mutual support and cooperation within the community. Through its electric services, Nolin Rural Electric Cooperative Corp contributes significantly to the daily lives and well-being of its consumers. The cooperative's commitment to providing electric service is rooted in its belief in the importance of electricity as a fundamental necessity for modern living.
Official website here: www.nolin.com
Who is the CEO of Nolin Rural Electric Cooperative Corp?
Greg Lee is the Chairman of Nolin Rural Electric Cooperative Corp. The CEO's salary of Nolin Rural Electric Cooperative Corp is $224,887 and their total compensation is $247,398.
Official website here: www.nolin.com
What is the revenue of Nolin Rural Electric Cooperative Corp?
Nolin Rural Electric Cooperative Corp's revenue in 2022 was $102,908,461.
Official website here: www.nolin.com
Who are the executives of Nolin Rural Electric Cooperative Corp and what are their salaries?
The average compensation at Nolin Rural Electric Cooperative Corp during 2022 was $79,420. There are 107 employees at Nolin Rural Electric Cooperative Corp.
Here are 12 key members and their salaries (Nolin Rural Electric Cooperative Corp's CEO's salary is $224,887 and their total compensation is $247,398):
- Compensation: $20,783
- Related: $0
- Other: $0
- Compensation: $19,800
- Related: $0
- Other: $0
- Compensation: $19,746
- Related: $0
- Other: $0
- Compensation: $18,536
- Related: $0
- Other: $0
- Compensation: $27,183
- Related: $0
- Other: $0
- Compensation: $22,783
- Related: $0
- Other: $0
- Compensation: $224,887
- Related: $0
- Other: $22,511
- Compensation: $148,225
- Related: $0
- Other: $25,344
- Compensation: $137,286
- Related: $0
- Other: $24,907
- Compensation: $134,774
- Related: $0
- Other: $16,500
- Compensation: $135,141
- Related: $0
- Other: $24,716
- Compensation: $137,175
- Related: $0
- Other: $23,325
Official website here: www.nolin.com
Where can I find the form 990 for Nolin Rural Electric Cooperative Corp?
Nolin Rural Electric Cooperative Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nolin.com
Learn more at the official website: www.nolin.com
Mission Statement of Nolin Rural Electric Cooperative Corp
Nolin Rural Electric Cooperative Corp, a dedicated organization, focuses on delivering electric service to a community of approximately 36,794 consumers on a patronage basis. The cooperative's primary objective is to ensure a consistent power supply for its members, fostering an improved quality of life. Through its operations, Nolin Rural Electric Cooperative Corp bridges the gap in electric access for its customers, promoting energy sustainability and economic development in the community it serves. Operating under the patronage model, the cooperative empowers its consumers to have a voice in the organization's decision-making processes, ensuring their needs are met and their expectations are exceeded. This unique approach to electric service provision creates a strong sense of community, as members come together in the pursuit of reliable and affordable electricity.
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Impact
October, 2024
Nolin Rural Electric Cooperative Corp plays a crucial role in delivering electric service to an average of 36,794 consumers in Elizabethtown, Kentucky, and surrounding areas. By operating on a patronage basis, the cooperative prioritizes the needs of its members, fostering a sense of community and shared responsibility. This approach not only ensures reliable electricity access but also enhances economic stability in the region. Through its commitment to customer service and community involvement, Nolin Rural Electric Cooperative Corp contributes significantly to the quality of life for its members, supporting local development and promoting public benefit initiatives.
This information is meant to be a general summary of Nolin Rural Electric Cooperative Corp. 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: $742,141
- Program Service Revenue: $91,878,800
- Gross Receipts: $103,039,961
Assets and Liabilities:
- Total Assets: $173,608,448
- Total Liabilities: $80,769,469
- Net Assets: $92,838,979
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE ELECTRICITY
Revenue
$91,872,800
OTHER ELECTRIC REVENUES
Revenue
$6,000
Organization Details
Founding Year
1937
Phone
(270) 765-6153Principal Officer
Greg Lee
Main Address
411 RING ROAD, ELIZABETHTOWN, KY, 42701
Website
www.nolin.comNTEE Category
Code: W80 - Public benefit
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