Overview
What is Salt River Electric Cooperative?
Salt River Electric Cooperative, based in Bardstown, Kentucky, is a nonprofit organization that provides electric distribution sales to approximately 55,226 consumers monthly on a patronage basis. With a team of 85 employees, they deliver essential electricity services to their community. Their mission centers around distributing electricity to a substantial number of consumers in a cooperative manner.
Official website here: www.srelectric.com
What are the reviews and ratings of this charity?
The Salt River Electric Cooperative is not currently rated by Charity Navigator. This absence of a rating is not an indication of the organization's performance but rather reflects its lack of evaluation according to standard Charity Navigator assessments. Specifically, its status as a non-501(c)(3) organization means that it cannot be evaluated under the usual criteria of Accountability & Finance, Impact & Measurement, Culture & Community, or Leadership & Adaptability.
Charity Navigator typically provides evaluations based on a number of factors including financial performance and fund allocation but requires nonprofit organizations to be registered as a 501(c)(3) with the IRS. Salt River Electric Cooperative’s operations and financial specifics, such as revenue and expenses, along with the salaries of key persons, are not currently available through Charity Navigator, limiting further insights into its operational transparency.
Without evaluations or user reviews available from GreatNonprofits or detailed Charity Navigator reports, forming a complete picture of the organization’s performance and community perception is difficult. This lack of data does not imply inefficiency or misconduct but simply limits external Bench-marking documentation.
This AI summary has been generated from information found on Charity Navigator.
Is Salt River Electric Cooperative legitimate?
Salt River Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Salt River Electric 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: $417,357
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,975,019
For more financial information, click here
Official website here: www.srelectric.com
What is the mission statement of Salt River Electric Cooperative?
Salt River Electric Cooperative focuses on providing electricity distribution to roughly 55,000 consumers on a patronage basis. Their primary activity revolves around selling electricity to this large customer base on a monthly basis. By operating on a patronage basis, they foster a sense of community and ownership among their consumers. The cooperative's mission is centered around delivering electricity to these households and businesses, ensuring a consistent electricity supply for their clientele. Additionally, they prioritize maintaining strong relationships with their customers, enhancing their commitment to the community they serve.
Official website here: www.srelectric.com
Who is the CEO of Salt River Electric Cooperative?
Timothy J Sharp is the Treasurer of Salt River Electric Cooperative. The CEO's salary of Salt River Electric Cooperative is $320,957 and their total compensation is $376,874.
Official website here: www.srelectric.com
What is the revenue of Salt River Electric Cooperative?
Salt River Electric Cooperative's revenue in 2022 was $141,723,833.
Official website here: www.srelectric.com
Who are the executives of Salt River Electric Cooperative and what are their salaries?
The average compensation at Salt River Electric Cooperative during 2022 was $75,204. There are 85 employees at Salt River Electric Cooperative.
Here are 12 key members and their salaries (Salt River Electric Cooperative's CEO's salary is $320,957 and their total compensation is $376,874):
- Compensation: $18,800
- Related: $0
- Other: $0
- Compensation: $17,459
- Related: $0
- Other: $0
- Compensation: $17,200
- Related: $0
- Other: $0
- Compensation: $18,800
- Related: $0
- Other: $0
- Compensation: $4,100
- Related: $0
- Other: $0
- Compensation: $20,041
- Related: $0
- Other: $0
- Compensation: $320,957
- Related: $0
- Other: $55,917
- Compensation: $135,226
- Related: $0
- Other: $33,609
- Compensation: $155,574
- Related: $0
- Other: $34,462
- Compensation: $143,866
- Related: $0
- Other: $41,198
- Compensation: $135,957
- Related: $0
- Other: $33,697
- Compensation: $121,124
- Related: $0
- Other: $39,019
Official website here: www.srelectric.com
Where can I find the form 990 for Salt River Electric Cooperative?
Salt River Electric Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.srelectric.com
Learn more at the official website: www.srelectric.com
Mission Statement of Salt River Electric Cooperative
Salt River Electric Cooperative, a vital organization, is committed to providing distribution sales of electricity to approximately 55,226 consumers on a patronage basis every month. This cooperative, which operates on the principle of collective ownership and democratic member control, ensures a consistent electricity supply to its members.
In simple terms, Salt River Electric Cooperative focuses on delivering electricity to around 55,226 consumers on a monthly basis, utilizing a patronage business model. By doing so, the cooperative prioritizes its members' interests and fosters a sense of community among its consumers. This model sets Salt River Electric Cooperative apart from typical utility companies, emphasizing the importance of member involvement and cooperation.
The cooperative's primary mission lies in its dedication to delivering reliable electric power to its consumers. By sustaining a patronage basis, Salt River Electric Cooperative fosters a strong bond with its members, empowering them to have a voice in the organization's decision-making processes. This collaborative approach helps build a more sustainable and engaged community, where members share in the cooperative's successes and contribute to its ongoing growth.
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Impact
October, 2024
Salt River Electric Cooperative plays a vital role in the community by providing reliable electricity distribution services to approximately 55,226 consumers each month. Based in Bardstown, Kentucky, the cooperative operates on a patronage basis, ensuring that the needs of its members are prioritized. This model not only fosters a sense of community ownership but also helps to keep energy costs affordable for residents. Through its commitment to efficient service delivery, Salt River Electric Cooperative enhances the quality of life for its consumers, contributing to local economic stability and growth. The cooperative’s focus on public benefit underlines its dedication to serving the community effectively and sustainably.
This information is meant to be a general summary of Salt River Electric 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: $319,092
- Program Service Revenue: $136,103,627
- Gross Receipts: $141,723,833
Assets and Liabilities:
- Total Assets: $201,692,612
- Total Liabilities: $73,168,943
- Net Assets: $128,523,669
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC SERVICE
Revenue
$135,728,072
ELECTRIC MERCHANDISE
Revenue
$375,555
Organization Details
Founding Year
1936
Phone
(502) 348-3931Principal Officer
Timothy J Sharp
Main Address
PO BOX 609, BARDSTOWN, KY, 40004
Website
www.srelectric.comNTEE Category
Code: W80 - Public benefit
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