Overview
What is Cumberland Electric Membership Corporation?
Cumberland Electric Membership Corporation is a nonprofit organization serving as an electric cooperative, providing electric service to over 100,000 residents in the middle Tennessee region. As a cooperative, they aim to improve the quality of life in the community by delivering reliable and efficient electric and telecommunications services.
Official website here: www.cemc.org
What are the reviews and ratings of this charity?
Cumberland Electric Membership Corporation is currently not rated by Charity Navigator. This lack of a rating is not a reflection of the organization’s impact or efficacy but is primarily due to its status as a non-501(c)(3) entity. Charity Navigator typically evaluates organizations with this designation, focusing on factors like accountability, finance, and impact, which can't be applied here.
While historical ratings from Charity Navigator centered around accountability and finance, current methodologies can't assess this organization. As an independent entity without the 501(c)(3) status, Cumberland Electric is outside the scope for these evaluations, leaving a gap in publicly accessible financial and operational data, including revenue, expenses, and key salaries.
No user reviews were found on GreatNonprofits, so public sentiment and testimonial insights are unavailable. This absence suggests that if you're considering engagement or support, you might need to seek additional context about the organization's operations from other local or regional resources.
This AI summary has been generated from information found on Charity Navigator.
Is Cumberland Electric Membership Corporation legitimate?
Cumberland Electric Membership Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Cumberland Electric Membership 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: $944,390
Professional Fundraising Fees: $0
Other Salaries and Wages: $29,212,978
For more financial information, click here
Official website here: www.cemc.org
What is the mission statement of Cumberland Electric Membership Corporation?
Cumberland Electric Membership Corporation functions as an electric cooperative, providing electric services to over 100,000 members residing in the middle Tennessee region. The primary focus of the organization is to ensure reliable and efficient electricity delivery, enhancing the quality of life for its members. By fostering a strong sense of community, the cooperative empowers its members to play an active role in decision-making processes, enabling them to collectively shape the future of their power supply. Through innovation and commitment, Cumberland Electric Membership Corporation strives to meet the evolving energy needs of its members, fostering long-term relationships built on trust and reliability.
Official website here: www.cemc.org
What is the revenue of Cumberland Electric Membership Corporation?
Cumberland Electric Membership Corporation's revenue in 2024 was $364,091,551.
Official website here: www.cemc.org
Who are the executives of Cumberland Electric Membership Corporation and what are their salaries?
The average compensation at Cumberland Electric Membership Corporation during 2024 was $96,969. There are 311 employees at Cumberland Electric Membership Corporation.
Here are 20 key members and their salaries:
- Compensation: $339,461
- Related: $0
- Other: $312,047
- Compensation: $206,814
- Related: $0
- Other: $140,334
- Compensation: $210,781
- Related: $0
- Other: $116,575
- Compensation: $214,350
- Related: $0
- Other: $102,368
- Compensation: $172,414
- Related: $0
- Other: $95,302
- Compensation: $178,936
- Related: $0
- Other: $50,612
- Compensation: $176,249
- Related: $0
- Other: $51,509
- Compensation: $117,688
- Related: $0
- Other: $66,283
- Compensation: $93,400
- Related: $0
- Other: $51,984
- Compensation: $23,150
- Related: $0
- Other: $0
- Compensation: $22,050
- Related: $0
- Other: $0
- Compensation: $21,350
- Related: $0
- Other: $0
- Compensation: $20,750
- Related: $0
- Other: $0
- Compensation: $19,750
- Related: $0
- Other: $0
- Compensation: $18,450
- Related: $0
- Other: $0
- Compensation: $17,650
- Related: $0
- Other: $0
- Compensation: $17,200
- Related: $0
- Other: $0
- Compensation: $13,550
- Related: $0
- Other: $0
- Compensation: $12,850
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cemc.org
Where can I find the form 990 for Cumberland Electric Membership Corporation?
Cumberland Electric Membership Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.cemc.org
Learn more at the official website: www.cemc.org
Mission Statement of Cumberland Electric Membership Corporation
Cumberland Electric Membership Corporation, headquartered in middle Tennessee, is a cooperative that plays a vital role in delivering electric services to over 100,000 members. The organization's mission is geared towards ensuring access to electricity for its community members, fostering a sustainable environment with reliable power that enhances their daily lives.
As an electric cooperative, Cumberland Electric Membership Corporation sets the stage for a better quality of life for its members. By providing electric services, it empowers homes, businesses, and industries to thrive. The cooperative's commitment to its members goes beyond powering their world; it is about creating opportunities and fostering growth in the community it serves.
In summary, the Cumberland Electric Membership Corporation is a dedicated and indispensable player in the middle Tennessee area, focusing on delivering essential electric services to its 100,000-plus members, thereby enriching their daily lives and creating a foundation for sustainable growth.
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Impact
October, 2024
Cumberland Electric Membership Corporation plays a crucial role in delivering reliable electric service to over 100,000 members in the middle Tennessee area. By operating as an electric cooperative, it ensures that communities have consistent access to electricity, which is essential for residential, commercial, and industrial activities. The cooperative fosters local economic development by providing essential services that support businesses and create jobs, ultimately contributing to the overall growth and sustainability of the region.
In addition to electric services, Cumberland Electric also offers telecommunications solutions, enhancing connectivity for its members. This dual service provision supports both energy needs and communication requirements, addressing vital infrastructure demands within the community. As a local entity, it also emphasizes public benefit, ensuring that its operations are aligned with the interests of the community it serves, promoting member engagement and participation in decision-making processes.
Overall, Cumberland Electric Membership Corporation significantly impacts the quality of life in the Clarksville, TN area, providing essential resources that empower residents and businesses alike.
This information is meant to be a general summary of Cumberland Electric Membership 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 2024.
- Investment Income: $2,925,141
- Program Service Revenue: $348,932,755
- Gross Receipts: $367,214,935
Assets and Liabilities:
- Total Assets: $582,037,721
- Total Liabilities: $337,118,120
- Net Assets: $244,919,601
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECT AND TELECOM REVENUE
Revenue
$348,932,755
Organization Details
Founding Year
1938
Principal Officer
Christopher Davis
Website
www.cemc.orgNTEE Category
Code: W80 - Public benefit
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