Overview
What is West Kentucky Rural Electric Cooperative Corporation?
West Kentucky Rural Electric Cooperative Corporation, located in Mayfield, Kentucky, is a nonprofit organization dedicated to distributing electricity to its 40,444 members at the lowest cost, ensuring sound and good management. In fiscal year 2023, they successfully delivered 813,350,083 kilowatt-hours of electric energy. As a cooperative, their primary mission is to provide affordable and efficient energy services to their community.
Official website here: www.wkrecc.com
Is West Kentucky Rural Electric Cooperative Corporation legitimate?
West Kentucky Rural Electric Cooperative Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. West 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $995,161
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,073,113
For more financial information, click here
What is the mission statement of West Kentucky Rural Electric Cooperative Corporation?
West Kentucky Rural Electric Cooperative Corporation's mission is to provide electricity to its members at the most affordable cost, ensuring sound and good management practices. The corporation distributed over 813 million kilowatt-hours of electric energy to approximately 40,000 members during FY 2023. The team is committed to delivering reliable and cost-effective electric services, maintaining a strong focus on efficient operations to keep costs low for its members. The cooperative's dedication to affordable electricity extends to its operational philosophy, ensuring that its members receive consistent and high-quality electric service.
Official website here: www.wkrecc.com
Who is the CEO of West Kentucky Rural Electric Cooperative Corporation?
Robert Hargrove is the Board President of West Kentucky Rural Electric Cooperative Corporation. The CEO's salary of West Kentucky Rural Electric Cooperative Corporation is $288,076 and their total compensation is $384,100.
Official website here: www.wkrecc.com
What is the revenue of West Kentucky Rural Electric Cooperative Corporation?
West Kentucky Rural Electric Cooperative Corporation's revenue in 2023 was $101,104,837.
Official website here: www.wkrecc.com
Who are the executives of West Kentucky Rural Electric Cooperative Corporation and what are their salaries?
The average compensation at West Kentucky Rural Electric Cooperative Corporation during 2023 was $57,793. There are 105 employees at West Kentucky Rural Electric Cooperative Corporation.
Here are 17 key members and their salaries (West Kentucky Rural Electric Cooperative Corporation's CEO's salary is $288,076 and their total compensation is $384,100):
- David Smart (President/Ceo)
- Heather Foley (Vp Of Admin & Finance)
- Levi Weatherford (Journey Lineman)
- Roger Gough (It Coordinator)
- Kevin Englad (Journey Lineman)
- Zachary Underhill (Journey Lineman)
- Terry Madding (Journey Lineman)
- Benny Adair (Board Member) [Trustee/Director]
- Jamie Potts (Board Member) [Trustee/Director]
- Troy English (Vp) [Trustee/Director]
- Mark Elliott (Board Member) [Trustee/Director]
- Robert Hargrove (Board President) [Trustee/Director]
- Dennis Barnes (Board Member) [Trustee/Director]
- Jed Clark (Board Member) [Trustee/Director]
- Kevin Crider (Board Member) [Trustee/Director]
- Chad Willett (Secretary/Treasurer) [Trustee/Director]
- Mike Burchett (Board Member) [Trustee/Director]
Official website here: www.wkrecc.com
Where can I find the form 990 for West Kentucky Rural Electric Cooperative Corporation?
The West Kentucky Rural Electric Cooperative Corporation’s most recent form 990 was submitted in 2023 and can be accessed here
Official website here: www.wkrecc.com
Learn more at the official website: www.wkrecc.com
Mission Statement of West Kentucky Rural Electric Cooperative Corporation
West Kentucky Rural Electric Cooperative Corporation, a dedicated organization, works tirelessly to distribute electricity to its cooperative members at the most affordable cost, ensuring sound and good management practices are in place. The corporation's mission is crystal clear: providing electricity to its 40,444 members and customers at the lowest feasible cost.
In the fiscal year 2023, West Kentucky Rural Electric Cooperative Corporation showed remarkable efficiency, distributing an impressive 813,350,083 kilowatt-hours of electric energy. This significant achievement underscores the corporation's steadfast commitment to reliably delivering power to its community. The corporation's unwavering dedication to its members is evident in its consistent efforts to balance affordability with sound management, ensuring a stable energy supply that powers their daily lives.
Impact
This information is meant to be a general summary of West Kentucky Rural Electric Cooperative Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
West Kentucky Rural Electric Cooperative Corporation plays a vital role in providing affordable electricity to its 40,444 members and customers in Kentucky. By distributing over 813 million kilowatt-hours of electric energy during FY 2023, the cooperative ensures that rural residents have access to essential services and resources that require electricity. This impact contributes to the well-being and economic development of the communities served, allowing individuals and businesses to thrive. Ultimately, West Kentucky Rural Electric Cooperative Corporation's dedication to providing electricity at the lowest cost reflects its commitment to sound and efficient management practices, benefiting both its members and the public at large.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC SALES
Revenue
$98,336,760
RENT FROM ELECTRIC COMPANY
Revenue
$1,456,937
REVENUE FROM LATE PAYMENTS
Revenue
$568,137
MISC SERVICE
Revenue
$304,418
OTHER
Revenue
$1,150
Organization Details
Founding Year
1938
Phone
(270) 247-1321
Principal Officer
Robert Hargrove
Main Address
PO BOX 589, MAYFIELD, KY, 42066
Website
www.wkrecc.com
NTEE Category
Code: W80 - Public benefit
If you are a representative of West Kentucky Rural Electric Cooperative Corporation 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.