Overview
What is Duck River Electric Membership Corp?
Duck River Electric Membership Corp is a nonprofit organization based primarily in Middle Tennessee, specifically in Bedford, Coffee, Franklin, Giles, Marshall, Maury, and Moore Counties. Established in May 1936, the cooperative has grown to provide electric service to over 82,000 members. Its mission is to deliver reliable electricity at the lowest possible cost, promote economic development, and enhance the quality of life for its members. The cooperative employs around 205 individuals and focuses on rural electric distribution.
Official website here: www.dremc.com
Is Duck River Electric Membership Corp legitimate?
Duck River Electric Membership Corp is a legitimate nonprofit organization registered as a 501(c)(12) entity. Duck River Electric Membership Corp 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: $1,063,573
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,784,654
For more financial information, click here
Official website here: www.dremc.com
What is the mission statement of Duck River Electric Membership Corp?
Duck River Electric Membership Corp is a cooperative dedicated to delivering reliable electric service to over 82,000 members in Middle Tennessee. Established in 1936, its mission is to provide electric power at the lowest possible cost while promoting economic development and enhancing the quality of life for its members. The cooperative strives to keep the communities it serves connected and thriving by ensuring a consistent power supply. Additionally, it contributes to the local economy by fostering development and growth. Duck River Electric Membership Corp has been a vital part of these communities for nearly a century, serving primarily the residents of Bedford, Coffee, Franklin, Giles, Marshall, Maury, and Moore counties.
Official website here: www.dremc.com
Who is the CEO of Duck River Electric Membership Corp?
Scott Spence is the President & of Duck River Electric Membership Corp.
Official website here: www.dremc.com
What is the revenue of Duck River Electric Membership Corp?
Duck River Electric Membership Corp's revenue in 2023 was $235,445,434.
Official website here: www.dremc.com
Who are the executives of Duck River Electric Membership Corp and what are their salaries?
The average compensation at Duck River Electric Membership Corp during 2023 was $57,796. There are 205 employees at Duck River Electric Membership Corp.
Here are 22 key members and their salaries:
- Compensation: $19,940
- Related: $0
- Other: $0
- Compensation: $10,270
- Related: $0
- Other: $0
- Compensation: $15,430
- Related: $0
- Other: $0
- Compensation: $10,610
- Related: $0
- Other: $0
- Compensation: $14,560
- Related: $0
- Other: $0
- Compensation: $13,070
- Related: $0
- Other: $0
- Compensation: $15,060
- Related: $0
- Other: $0
- Compensation: $10,590
- Related: $0
- Other: $0
- Compensation: $11,320
- Related: $0
- Other: $0
- Compensation: $10,910
- Related: $0
- Other: $0
- Compensation: $13,410
- Related: $0
- Other: $0
- Compensation: $17,680
- Related: $0
- Other: $0
- Compensation: $10,240
- Related: $0
- Other: $0
- Compensation: $322,574
- Related: $0
- Other: $79,969
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $124,332
- Related: $0
- Other: $20,883
- Compensation: $182,508
- Related: $0
- Other: $31,539
- Compensation: $155,192
- Related: $0
- Other: $101,077
- Compensation: $145,581
- Related: $0
- Other: $14,430
- Compensation: $143,109
- Related: $0
- Other: $38,310
- Compensation: $142,776
- Related: $0
- Other: $58,706
- Compensation: $142,333
- Related: $0
- Other: $33,749
Official website here: www.dremc.com
Where can I find the form 990 for Duck River Electric Membership Corp?
Duck River Electric Membership Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.dremc.com
Learn more at the official website: www.dremc.com
Mission Statement of Duck River Electric Membership Corp
Duck River Electric Membership Corp, a cooperative established in May 1936, is dedicated to delivering reliable electricity to over 82,000 members primarily located in Middle Tennessee counties, including Bedford, Coffee, Franklin, Giles, Marshall, Maury, and Moore. This organization's mission goes beyond merely providing electric service; it aims to promote economic development and enhance the overall quality of life for its community members.
In the heart of Middle Tennessee, Duck River Electric Membership Corp has been a trusted source of electricity for generations. The cooperative's primary goal is to ensure the steady flow of electricity to its extensive membership base at the most affordable price possible. By doing so, it contributes significantly to the economic growth and prosperity of the areas it serves.
Moreover, Duck River Electric Membership Corp is not just a utility company. It is a dedicated partner that strives to improve the lives of its members. By providing reliable electric service, the cooperative empowers local businesses and families to thrive. Whether it's powering a small farm, lighting up a home, or keeping a business running, Duck River Electric Membership Corp is there to ensure the essential power supply is always on.
In summary, Duck River Electric Membership Corp, a key player in Middle Tennessee, is more than just an electric utility company. It is a dedicated community partner that has been delivering reliable electricity at the lowest possible cost to its over 82,000 members since 1936. Its mission extends beyond powering homes and businesses; it aims to contribute to the economic development of the communities it serves and improve the overall quality of life for its members.
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Impact
October, 2024
Duck River Electric Membership Corporation plays a significant role in providing reliable electric service to 82,871 members across Bedford, Coffee, Franklin, Giles, Marshall, Maury, and Moore Counties in Middle Tennessee. Since its establishment in May 1936, the cooperative has focused on delivering electricity at the lowest possible cost. This commitment not only ensures affordable energy for residents but also supports local economic development initiatives, enhancing the overall quality of life for its community members. Through its services, Duck River Electric contributes to the stability and growth of the region, making it an essential partner in fostering a vibrant and sustainable environment for its members.
This information is meant to be a general summary of Duck River Electric Membership Corp. 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: $629,004
- Program Service Revenue: $234,525,207
- Gross Receipts: $235,445,434
Assets and Liabilities:
- Total Assets: $297,457,935
- Total Liabilities: $150,676,614
- Net Assets: $146,781,321
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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
$228,150,485
MISCELLANEOUS
Revenue
$4,327,775
POLE RENTAL
Revenue
$1,877,753
DARK FIBER
Revenue
$169,194
Organization Details
Founding Year
1936
Phone
(931) 684-4621Principal Officer
Scott Spence
Main Address
PO BOX 89, SHELBYVILLE, TN, 37162
Website
www.dremc.comNTEE Category
Code: W80 - Public benefit
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