Overview
What is South Kentucky Rural Electric Cooperative Corporation?
South Kentucky Rural Electric Cooperative Corporation is a nonprofit organization based in Somerset, Kentucky, with a PO Box address. Their mission is to provide electric service to member-owners on a patronage basis, serving an average of approximately 70,355 consumers monthly. The cooperative employs a team of 140 individuals and focuses on delivering electricity to its community members on a cooperative basis.
Official website here: www.skrecc.com
Is South Kentucky Rural Electric Cooperative Corporation legitimate?
South Kentucky Rural Electric Cooperative Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. South Kentucky 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: $928,905
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,811,731
For more financial information, click here
Official website here: www.skrecc.com
What is the mission statement of South Kentucky Rural Electric Cooperative Corporation?
South Kentucky Rural Electric Cooperative Corporation operates on a patronage basis, supplying electricity to an average of approximately 70,355 consumers monthly. The organization's primary mission is to provide essential electric service to its member owners, fostering a sense of community and shared ownership. Through reliable and consistent electricity provision, South Kentucky Rural Electric Cooperative Corporation plays a crucial role in enhancing the daily lives of its members, ensuring the comfort and convenience of their homes and businesses. The cooperative's commitment to its members extends beyond power delivery, as it continually strives to improve its operations and adapt to the evolving energy landscape to best serve the needs of its community.
Official website here: www.skrecc.com
Who is the CEO of South Kentucky Rural Electric Cooperative Corporation?
David Upchurch Jr is the Director Of Operations of South Kentucky Rural Electric Cooperative Corporation. The CEO's salary of South Kentucky Rural Electric Cooperative Corporation is $273,843 and their total compensation is $363,058.
Official website here: www.skrecc.com
What is the revenue of South Kentucky Rural Electric Cooperative Corporation?
South Kentucky Rural Electric Cooperative Corporation's revenue in 2022 was $167,099,707.
Official website here: www.skrecc.com
Who are the executives of South Kentucky Rural Electric Cooperative Corporation and what are their salaries?
The average compensation at South Kentucky Rural Electric Cooperative Corporation during 2022 was $83,862. There are 140 employees at South Kentucky Rural Electric Cooperative Corporation.
Here are 15 key members and their salaries (South Kentucky Rural Electric Cooperative Corporation's CEO's salary is $273,843 and their total compensation is $363,058):
- Compensation: $25,508
- Related: $0
- Other: $0
- Compensation: $21,264
- Related: $0
- Other: $0
- Compensation: $23,717
- Related: $0
- Other: $0
- Compensation: $32,728
- Related: $0
- Other: $0
- Compensation: $20,563
- Related: $0
- Other: $0
- Compensation: $20,848
- Related: $0
- Other: $0
- Compensation: $21,567
- Related: $0
- Other: $0
- Compensation: $273,843
- Related: $0
- Other: $89,215
- Compensation: $190,336
- Related: $0
- Other: $62,717
- Compensation: $210,235
- Related: $0
- Other: $71,614
- Compensation: $142,892
- Related: $0
- Other: $9,733
- Compensation: $140,744
- Related: $0
- Other: $57,716
- Compensation: $147,807
- Related: $0
- Other: $41,834
- Compensation: $136,219
- Related: $0
- Other: $19,580
- Compensation: $128,435
- Related: $0
- Other: $14,848
Official website here: www.skrecc.com
Where can I find the form 990 for South Kentucky Rural Electric Cooperative Corporation?
South Kentucky Rural Electric Cooperative Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.skrecc.com
Learn more at the official website: www.skrecc.com
Mission Statement of South Kentucky Rural Electric Cooperative Corporation
South Kentucky Rural Electric Cooperative Corporation, also known as SKRECC, is a mission-driven organization that provides electric service to its member owners on a patronage basis. With an average of approximately 70,355 consumers relying on the cooperative monthly, SKRECC plays a vital role in powering the communities it serves.
The cooperative's primary objective is to ensure that its member owners have access to reliable and essential electric services. By operating on a patronage basis, SKRECC fosters a unique sense of ownership and collaboration between the cooperative and its members. This partnership enables the organization to build strong, sustainable relationships and cater to the energy needs of the region effectively.
SKRECC's dedication to its members extends beyond electricity provision. By maintaining a commitment to serving the needs of its community, the cooperative strives to improve the quality of life and contribute to the overall well-being of the region. Through its unwavering focus on customer satisfaction and its ability to adapt to the evolving energy landscape, South Kentucky Rural Electric Cooperative Corporation continues to make a significant difference in the lives of its member owners.
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Impact
October, 2024
South Kentucky Rural Electric Cooperative Corporation significantly impacts the community by providing reliable electricity to approximately 70,355 member-owners each month. Based in Somerset, Kentucky, the cooperative ensures that its members receive electric service based on a patronage model, which promotes local investment and accountability. By focusing on community needs, the cooperative fosters economic growth, enhances quality of life, and supports sustainable practices in the region. This commitment to serving its members not only addresses energy needs but also emphasizes the importance of cooperative principles in promoting public benefit.
This information is meant to be a general summary of South Kentucky 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 2022.
- Investment Income: $524,846
- Program Service Revenue: $158,811,545
- Gross Receipts: $167,131,660
Assets and Liabilities:
- Total Assets: $345,027,547
- Total Liabilities: $178,254,571
- Net Assets: $166,772,976
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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
$158,780,937
SALE OF ELECTRIC ITEMS
Revenue
$30,608
Organization Details
Founding Year
1938
Phone
(606) 678-4121Principal Officer
David Upchurch Jr
Main Address
PO BOX 910, SOMERSET, KY, 425020910
Website
www.skrecc.comNTEE Category
Code: W80 - Public benefit
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