Overview
What is Pennyrile Rural Electric Cooperative Corporation?
Pennyrile Rural Electric Cooperative Corporation is a utility company based in Hopkinsville, Kentucky. With a team of 116 employees, they focus on providing electricity services to their members. As a cooperative, they prioritize community involvement and aim to ensure reliable access to power for residents in the area. Their mission revolves around the sale of electricity to members, enhancing the quality of life for those they serve.
Official website here: www.precc.com
Is Pennyrile Rural Electric Cooperative Corporation legitimate?
Pennyrile Rural Electric Cooperative Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Pennyrile 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: $856,460
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,658,645
For more financial information, click here
Official website here: www.precc.com
What is the mission statement of Pennyrile Rural Electric Cooperative Corporation?
Pennyrile Rural Electric Cooperative Corporation focuses on providing electricity to its members through various utility systems programs. The primary mission of the corporation is centered around the sale of electricity to ensure energy needs are met for its membership base.
Official website here: www.precc.com
Who is the CEO of Pennyrile Rural Electric Cooperative Corporation?
Unavailable The CEO's salary of Pennyrile Rural Electric Cooperative Corporation is $337,721 and their total compensation is $391,902.
Official website here: www.precc.com
What is the revenue of Pennyrile Rural Electric Cooperative Corporation?
Pennyrile Rural Electric Cooperative Corporation's revenue in 2023 was $153,031,041.
Official website here: www.precc.com
Who are the executives of Pennyrile Rural Electric Cooperative Corporation and what are their salaries?
The average compensation at Pennyrile Rural Electric Cooperative Corporation during 2023 was $56,165. There are 116 employees at Pennyrile Rural Electric Cooperative Corporation.
Here are 15 key members and their salaries (Pennyrile Rural Electric Cooperative Corporation's CEO's salary is $337,721 and their total compensation is $391,902):
- Compensation: $337,721
- Related: $0
- Other: $54,181
- Compensation: $232,462
- Related: $0
- Other: $27,639
- Compensation: $158,416
- Related: $0
- Other: $27,330
- Compensation: $151,876
- Related: $0
- Other: $26,964
- Compensation: $141,199
- Related: $0
- Other: $26,394
- Compensation: $135,541
- Related: $0
- Other: $25,363
- Compensation: $137,865
- Related: $0
- Other: $19,382
- Compensation: $22,951
- Related: $0
- Other: $0
- Compensation: $20,201
- Related: $0
- Other: $0
- Compensation: $19,101
- Related: $0
- Other: $0
- Compensation: $18,826
- Related: $0
- Other: $0
- Compensation: $18,276
- Related: $0
- Other: $0
- Compensation: $17,294
- Related: $0
- Other: $0
- Compensation: $16,351
- Related: $0
- Other: $0
- Compensation: $15,616
- Related: $0
- Other: $0
Official website here: www.precc.com
Where can I find the form 990 for Pennyrile Rural Electric Cooperative Corporation?
Pennyrile Rural Electric Cooperative Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.precc.com
Learn more at the official website: www.precc.com
Mission Statement of Pennyrile Rural Electric Cooperative Corporation
Pennyrile Rural Electric Cooperative Corporation, a utility organization, is dedicated to the sale of electricity to its membership base. The corporation's mission can be described as a commitment to delivering electricity services, encapsulated in their "Utility Systems Program - Sale of Electricity to Members." This program ensures that homes and businesses in the cooperative's care have reliable access to electricity, powering their daily lives. The corporation takes pride in being a trusted energy supplier, providing essential power to its members across various communities. By focusing on the provision of electricity, Pennyrile Rural Electric Cooperative Corporation plays a crucial role in enhancing the quality of life for its members, enabling them to carry out their daily activities and power their homes and businesses effectively. The corporation's unwavering dedication to delivering electricity services has positioned it as a reliable energy partner for its membership, ensuring that they have access to the power they need to thrive in their personal and professional lives.
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Impact
October, 2024
Pennyrile Rural Electric Cooperative Corporation significantly impacts its community by providing reliable electricity to its members in Hopkinsville, Kentucky. The cooperative's primary activity involves the sale of electricity, ensuring that households and businesses have access to essential power services necessary for everyday life and economic development.
By focusing on utility systems programs, Pennyrile contributes to the enhancement of local infrastructure, supporting both residential and commercial needs. This access to electricity fosters a conducive environment for growth, stability, and improved quality of life for its members. Moreover, the cooperative's commitment to serving its members aligns with its mission to prioritize public benefit, ultimately strengthening the community and promoting sustainable practices in energy consumption.
This information is meant to be a general summary of Pennyrile 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 2023.
- Investment Income: $2,293,629
- Program Service Revenue: $147,590,012
- Gross Receipts: $153,031,041
Assets and Liabilities:
- Total Assets: $293,745,572
- Total Liabilities: $153,255,851
- Net Assets: $140,489,721
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF ELECTRICITY
Revenue
$147,590,012
Organization Details
Founding Year
1937
Phone
(270) 886-2555Main Address
PO BOX 2900, HOPKINSVILLE, KY, 422412900
Website
www.precc.comNTEE Category
Code: W80 - Public benefit
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