Shelby Energy Cooperative

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 610337665 ✦ Shelbyville, KY ✦ Designated as a 501(c)(12)

Overview

What is Shelby Energy Cooperative?

Shelby Energy Cooperative is a nonprofit organization located in Shelbyville, Kentucky, with an address at 620 Old Finchville Road. They specialize in providing electric service to approximately 17,450 member owners on a patronage basis. With a team of 46 employees, their mission is centered around delivering electric services to the community. This cooperative is dedicated to ensuring access to electricity for its members, serving a significant number of consumers monthly.


Official website here: www.shelbyenergy.com

Is Shelby Energy Cooperative legitimate?

Shelby Energy Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Shelby 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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $311,496
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,038,348

For more financial information, click here


Official website here: www.shelbyenergy.com

What is the mission statement of Shelby Energy Cooperative?

Shelby Energy Cooperative is dedicated to delivering electric service to its member-owners on a patronage basis. With a customer base exceeding 17,450 consumers monthly, the cooperative prioritizes providing reliable and consistent electric service to its community. By operating on a patronage basis, Shelby Energy Cooperative fosters a sense of ownership and shared responsibility among its members. The cooperative's mission is to ensure that each member receives the electric service they need, contributing to the overall well-being and progress of the community.


Official website here: www.shelbyenergy.com

Who is the CEO of Shelby Energy Cooperative?

Same As Above is the Principal Officer of Shelby Energy Cooperative. The CEO's salary of Shelby Energy Cooperative is $215,286 and their total compensation is $219,132.


Official website here: www.shelbyenergy.com

What is the revenue of Shelby Energy Cooperative?

Shelby Energy Cooperative's revenue in 2022 was $57,952,933.


Official website here: www.shelbyenergy.com

Who are the executives of Shelby Energy Cooperative and what are their salaries?

The average compensation at Shelby Energy Cooperative during 2022 was $51,084. There are 46 employees at Shelby Energy Cooperative.

Here are 12 key members and their salaries (Shelby Energy Cooperative's CEO's salary is $215,286 and their total compensation is $219,132):

    Jack Bragg Jr (President & Ceo)
  • Compensation: $215,286
  • Related: $0
  • Other: $3,846

    • Jason Ginn (Operations/Contract Resour)
  • Compensation: $132,780
  • Related: $0
  • Other: $54,853

    • Randy Stevens (Svp Power Delivery Service)
  • Compensation: $134,948
  • Related: $0
  • Other: $32,176

    • Kelly Michels (Lead Line Technician)
  • Compensation: $118,749
  • Related: $0
  • Other: $38,113

    • Matthew Reide (Line Technician)
  • Compensation: $125,250
  • Related: $0
  • Other: $30,659

    • Richard Spoonamore (Lead Line Technician)
  • Compensation: $112,385
  • Related: $0
  • Other: $36,552

    • Pat Hargadon (Director)
  • Compensation: $16,630
  • Related: $0
  • Other: $0

    • Diana Arnold (Director)
  • Compensation: $16,580
  • Related: $0
  • Other: $0

    • Roger Taylor (Sec/Treas) [Trustee/Director]
  • Compensation: $15,800
  • Related: $0
  • Other: $0

    • Wayne Stratton (Director)
  • Compensation: $15,800
  • Related: $0
  • Other: $0

    • Jeffrey Joyce (Director)
  • Compensation: $15,800
  • Related: $0
  • Other: $0

    • Ashley Chilton (Chairman) [Trustee/Director]
  • Compensation: $15,600
  • Related: $0
  • Other: $0


  • Official website here: www.shelbyenergy.com

    Where can I find the form 990 for Shelby Energy Cooperative?

    The Shelby Energy Cooperative’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.shelbyenergy.com

    Learn more at the official website: www.shelbyenergy.com

    Mission Statement of Shelby Energy Cooperative

    Shelby Energy Cooperative, a mission-driven organization, is dedicated to providing electric service to its member owners on a patronage basis. With a customer base of over 17,450 consumers monthly, the cooperative goes beyond just supplying electricity. It fosters a sense of community and shared ownership among its members.

    At the heart of Shelby Energy Cooperative's operations lies its commitment to delivering electric service to its members. This commitment extends beyond the mere provision of electricity; it is underpinned by a patronage basis. This model ensures that members have a voice in the organization's decision-making process and a share in its profits. By putting its members first, Shelby Energy Cooperative builds strong relationships and trust within its community.

    Shelby Energy Cooperative's electric service is a vital resource that powers the daily lives of its members. It enables them to maintain their homes, run their businesses, and connect with the world. The cooperative's unwavering dedication to providing reliable and efficient electric service is a testament to its commitment to enhancing the quality of life for its members.

    Impact

    This information is meant to be a general summary of Shelby Energy Cooperative. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Shelby Energy Cooperative impacts over 17,450 consumers monthly by providing essential electric service to its member owners on a patronage basis. Located in Shelbyville, Kentucky, the cooperative plays a vital role in ensuring that households and businesses have access to reliable electricity, contributing to the quality of life in the community. Through its dedication to serving its members, Shelby Energy Cooperative fulfills its mission of providing a public benefit and meeting the energy needs of its local area.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $41,665
  • Program Service Revenue: $54,999,614
  • Gross Receipts: $57,952,933

    • Assets and Liabilities:
  • Total Assets: $137,224,148
  • Total Liabilities: $81,753,136
  • Net Assets: $55,471,012
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    ELECTRIC SERVICE

    Revenue

    $54,999,614

    Organization Details

    Founding Year

    1937

    Principal Officer

    Same As Above

    Main Address

    620 OLD FINCHVILLE ROAD, SHELBYVILLE, KY, 40065

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Shelby 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.