Overview
What is Chickasaw Electric Cooperative Inc?
Chickasaw Electric Cooperative Inc, located in Somerville, Tennessee, is a nonprofit electric cooperative owned by its members. The organization's primary activity revolves around delivering affordable electricity to its member base. They generate revenue through the sale of electricity and use these funds to procure power from TVA and maintain their power grid. With a workforce of 80 employees, Chickasaw Electric Cooperative is dedicated to providing solid, budget-friendly electricity to power its members' daily lives.
Official website here: www.cecpowerup.com
What are the reviews and ratings of this charity?
Chickasaw Electric Cooperative Inc is currently not rated by Charity Navigator due to its classification as an organization that is not a 501(c)(3) IRS registered nonprofit. This means it does not fit into the typical criteria or methodologies that Charity Navigator uses for its assessments, such as Accountability & Finance or Impact & Measurement. Thus, the absence of a rating does not imply any positive or negative standing.
The lack of a formal rating highlights that Chickasaw Electric Cooperative Inc may operate differently from traditional charity organizations, possibly focusing more on utility or service-oriented objectives. It's important to note that historical ratings did not incorporate current evaluative components like Leadership & Adaptability or Culture & Community, which are not applicable here.
Detailed financial data, such as total revenue, expenses, or salary of key personnel, is also unavailable for this organization. This absence of data means stakeholders get limited insight into its financial operations or management practices from Charity Navigator's usual metrics. As a result, prospective contributors or members are encouraged to seek additional information directly from the cooperative for a comprehensive understanding of its operations.
No user reviews are available from GreatNonprofits, indicating a lack of community feedback or engagement on that platform.
This AI summary has been generated from information found on Charity Navigator.
Is Chickasaw Electric Cooperative Inc legitimate?
Chickasaw Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Chickasaw Electric Cooperative Inc 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: $89,100
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,713,015
For more financial information, click here
Official website here: www.cecpowerup.com
What is the mission statement of Chickasaw Electric Cooperative Inc?
Chickasaw Electric Cooperative Inc is dedicated to providing reliable and affordable electricity to its members. Their mission is to deliver solid, low-cost electricity, powering their community members into a sustainable future. As an electric cooperative owned by its members, the cooperative generates revenue through the sale of electricity and uses these funds to purchase power from TVA and maintain the electrical supply grid. The cooperative's primary focus is on ensuring that its members have consistent access to electrical power for their daily needs.
Official website here: www.cecpowerup.com
Who is the CEO of Chickasaw Electric Cooperative Inc?
Loyd Muncy is the General Manager of Chickasaw Electric Cooperative Inc.
Official website here: www.cecpowerup.com
What is the revenue of Chickasaw Electric Cooperative Inc?
Chickasaw Electric Cooperative Inc's revenue in 2023 was $12,177,522.
Official website here: www.cecpowerup.com
Who are the executives of Chickasaw Electric Cooperative Inc and what are their salaries?
The average compensation at Chickasaw Electric Cooperative Inc during 2023 was $47,526. There are 80 employees at Chickasaw Electric Cooperative Inc.
Here are 16 key members and their salaries:
- Compensation: $10,200
- Related: $0
- Other: $0
- Compensation: $8,100
- Related: $0
- Other: $0
- Compensation: $9,000
- Related: $0
- Other: $0
- Compensation: $9,000
- Related: $0
- Other: $0
- Compensation: $8,550
- Related: $0
- Other: $0
- Compensation: $9,000
- Related: $0
- Other: $0
- Compensation: $9,000
- Related: $0
- Other: $0
- Compensation: $9,000
- Related: $0
- Other: $0
- Compensation: $9,000
- Related: $0
- Other: $0
- Compensation: $8,250
- Related: $0
- Other: $0
- Compensation: $150,998
- Related: $0
- Other: $60,188
- Compensation: $112,221
- Related: $0
- Other: $45,165
- Compensation: $137,476
- Related: $0
- Other: $58,040
- Compensation: $117,407
- Related: $0
- Other: $56,281
- Compensation: $109,402
- Related: $0
- Other: $50,335
- Compensation: $122,448
- Related: $0
- Other: $15,891
Official website here: www.cecpowerup.com
Where can I find the form 990 for Chickasaw Electric Cooperative Inc?
Chickasaw Electric Cooperative Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cecpowerup.com
Learn more at the official website: www.cecpowerup.com
Mission Statement of Chickasaw Electric Cooperative Inc
Chickasaw Electric Cooperative Inc, a member-owned electric utility, is dedicated to delivering reliable, affordable electricity to power the communities it serves into the future. The cooperative's mission is to provide solid, low-cost electricity to its members, ensuring they have the energy they need to thrive.
Revenue for Chickasaw Electric Cooperative Inc is generated primarily through the sale of electricity to its members. This revenue is then utilized to cover the costs of procuring power from TVA and maintaining the cooperative's electrical grid. By delivering affordable electricity, the cooperative empowers its members to lead better lives and invest in their own futures.
In essence, Chickasaw Electric Cooperative Inc serves as a vital partner to its members, ensuring they have a reliable and affordable source of electricity. This commitment extends beyond just powering homes and businesses, as it enables communities to grow, innovate, and flourish. Through its unwavering dedication to delivering solid, low-cost electricity, Chickasaw Electric Cooperative Inc is poised to help its members navigate the challenges of tomorrow and build a brighter future.
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Impact
October, 2024
Chickasaw Electric Cooperative Inc plays a crucial role in ensuring reliable and affordable electricity for its members in Somerville, TN. By delivering low-cost electricity, the cooperative enhances the quality of life for local residents and businesses, fostering economic stability and growth in the community. Revenue generated from electricity sales is strategically utilized to cover power purchases from the Tennessee Valley Authority (TVA) and to maintain the supply grid, ensuring a consistent and dependable energy source.
The cooperative's commitment to its members goes beyond just providing electricity; it actively contributes to energy independence and sustainability, securing a brighter future for the community. This focus on delivering solid, low-cost electricity helps empower members and supports their everyday needs, ultimately driving progress and development in the region.
This information is meant to be a general summary of Chickasaw Electric Cooperative Inc. 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: $371,494
- Program Service Revenue: $641,144
- Gross Receipts: $58,883,936
Assets and Liabilities:
- Total Assets: $56,692,656
- Total Liabilities: $9,889,675
- Net Assets: $46,802,981
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FORFEITED DISCOUNTS
Revenue
$451,168
MISC
Revenue
$189,976
Organization Details
Founding Year
1943
Phone
(901) 465-3591Principal Officer
Loyd Muncy
Main Address
17970 HWY 64 EAST, SOMERVILLE, TN, 380680000
Website
www.cecpowerup.comNTEE Category
Code: W80 - Public benefit
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