Middle Tennessee Electric Membership Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 620293472 ✦ Murfreesboro, TN ✦ Designated as a 501(c)(12)

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Overview

What is Middle Tennessee Electric Membership Corporation?

Middle Tennessee Electric Membership Corporation is a nonprofit organization based in Murfreesboro, Tennessee, with a service area in Cannon, Rutherford, Williamson, and Wilson Counties, and parts of Davidson, DeKalb, Marshall, Maury, Smith, and Trousdale Counties. The corporation's primary mission is to provide affordable, reliable, and safe electricity to approximately 329,992 residential and commercial members within this region. With a workforce of 560 employees, Middle Tennessee Electric Membership Corporation prioritizes outstanding member service and ensures the delivery of electricity essential for daily life and business operations.


Official website here: www.mtemc.com

Is Middle Tennessee Electric Membership Corporation legitimate?

Middle Tennessee Electric Membership Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Middle Tennessee 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: $4,326,932
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.mtemc.com

What is the mission statement of Middle Tennessee Electric Membership Corporation?

Middle Tennessee Electric Membership Corporation is dedicated to delivering affordable, dependable, and safe electric power to approximately 329,992 residential and commercial members. The corporation's primary mission is to ensure exceptional member service, ensuring the community can rely on a consistent electricity supply. This not-for-profit organization serves a diverse range of members, including those in Cannon, Rutherford, Williamson, and Wilson Counties, in addition to parts of Davidson, DeKalb, Marshall, Maury, Smith, and Trousdale Counties. Their commitment extends beyond electricity provision, as they prioritize outstanding member experiences.


Official website here: www.mtemc.com

Who is the CEO of Middle Tennessee Electric Membership Corporation?

Chris Jones is the President/Ce of Middle Tennessee Electric Membership Corporation.


Official website here: www.mtemc.com

What is the revenue of Middle Tennessee Electric Membership Corporation?

Middle Tennessee Electric Membership Corporation's revenue in 2022 was $956,556,588.


Official website here: www.mtemc.com

Who are the executives of Middle Tennessee Electric Membership Corporation and what are their salaries?

The average compensation at Middle Tennessee Electric Membership Corporation during 2022 was $7,727. There are 560 employees at Middle Tennessee Electric Membership Corporation.


Here are 26 key members and their salaries:


Chris Jones (President/Ce)
  • Compensation: $1,028,916
  • Related: $0
  • Other: $195,547
Brad Gibson (Ccbo)
  • Compensation: $381,510
  • Related: $0
  • Other: $111,703
Gray Bateman (Chro/Vp Of H)
  • Compensation: $260,451
  • Related: $0
  • Other: $90,521
Thomas Suggs (Coo)
  • Compensation: $304,712
  • Related: $0
  • Other: $104,806
Cindy Layne (Cfo)
  • Compensation: $261,308
  • Related: $0
  • Other: $91,746
Daniel Dement (Vp Operation)
  • Compensation: $210,511
  • Related: $0
  • Other: $75,758
Keith Thomason (Vp Engineeri)
  • Compensation: $224,807
  • Related: $0
  • Other: $78,617
P D Mynatt (Assistant Ge)
  • Compensation: $249,011
  • Related: $0
  • Other: $74,747
Robert S Long (Information)
  • Compensation: $192,163
  • Related: $0
  • Other: $73,591
Robert White (Vp Of Comm R)
  • Compensation: $238,602
  • Related: $0
  • Other: $83,238
Adam Fewell (Lineman/Serv)
  • Compensation: $207,519
  • Related: $0
  • Other: $47,789
Dan C Bonds (Lineman/Serv)
  • Compensation: $216,435
  • Related: $0
  • Other: $49,575
Michael Alexander (Lineman/Serv)
  • Compensation: $196,269
  • Related: $0
  • Other: $50,789
Larry Taylor (Engineering)
  • Compensation: $186,062
  • Related: $0
  • Other: $66,649
Steve Seger (Board Vice C)
  • Compensation: $21,670
  • Related: $18,000
  • Other: $0
Will Jordan (Director)
  • Compensation: $20,700
  • Related: $18,000
  • Other: $0
Mike Woods (Board Chairm)
  • Compensation: $25,910
  • Related: $0
  • Other: $0
Ann Little (Director)
  • Compensation: $20,000
  • Related: $0
  • Other: $0
James E Mills (Board Sec/Tr)
  • Compensation: $22,720
  • Related: $0
  • Other: $0
Ross Bradley (Director)
  • Compensation: $20,120
  • Related: $0
  • Other: $0
Gloria O'Steen (Director)
  • Compensation: $22,110
  • Related: $0
  • Other: $0
Charles Bowman (Director)
  • Compensation: $21,540
  • Related: $0
  • Other: $0
David Lee (Director)
  • Compensation: $21,490
  • Related: $0
  • Other: $0
Harold Gordon Bone Jr (Director)
  • Compensation: $22,130
  • Related: $0
  • Other: $0
Shervondalonn Brown (Director)
  • Compensation: $19,720
  • Related: $0
  • Other: $0
Vanessa James Hickman (Director)
  • Compensation: $22,310
  • Related: $0
  • Other: $0


Official website here: www.mtemc.com

Where can I find the form 990 for Middle Tennessee Electric Membership Corporation?

Middle Tennessee Electric Membership Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.mtemc.com

Learn more at the official website: www.mtemc.com

Mission Statement of Middle Tennessee Electric Membership Corporation

Middle Tennessee Electric Membership Corporation, or MTEMC, is dedicated to delivering affordable, dependable, and safe electricity, along with exceptional member service. This mission statement encapsulates MTEMC's commitment to its residential and commercial members scattered across Cannon, Rutherford, Williamson, and Wilson Counties, as well as parts of Davidson, DeKalb, Marshall, Maury, Smith, and Trousdale Counties.

MTEMC goes beyond just providing electricity to its members. It prioritizes affordability by ensuring electricity remains within reach, allowing communities to thrive and prosper. The corporation's unwavering dedication to reliability minimizes power outages, maintaining minimal disruption to daily life. Safety is another cornerstone of MTEMC's mission, as it strives to protect its members from potential hazards associated with electricity usage.

Moreover, MTEMC is deeply committed to offering outstanding member service, creating a strong bond between the corporation and its clients. This customer-focused approach ensures that each member is treated with respect and care, their concerns addressed promptly, and their needs met efficiently.

MTEMC's service area covers a vast region, encompassing diverse communities and economies. By providing affordable, reliable, and safe electricity, Middle Tennessee Electric Membership Corporation plays a crucial role in empowering its members, enabling them to build a better future for themselves and their families.

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Impact




October, 2024

Middle Tennessee Electric Membership Corporation has a significant impact on the communities it serves, providing affordable, reliable, and safe electricity to approximately 329,992 residential and commercial members across multiple counties, including Cannon, Rutherford, Williamson, and Wilson. This extensive service area also encompasses parts of Davidson, Dekalb, Marshall, Maury, Smith, and Trousdale counties.

By prioritizing outstanding member service, Middle Tennessee Electric ensures that its members have access to essential energy resources that support both their daily needs and local economies. The corporation's commitment to affordability and reliability enhances the quality of life for residents and businesses alike, contributing to the overall growth and development of the region. Through these efforts, Middle Tennessee Electric fosters strong community relationships and supports the broader public benefit.




This information is meant to be a general summary of Middle Tennessee 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.

Revenue
$956,556,588 (2022)
Expenses
$956,556,588 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,508,910
  • Program Service Revenue: $944,462,188
  • Gross Receipts: $956,556,588

Assets and Liabilities:

  • Total Assets: $1,060,592,430
  • Total Liabilities: $483,928,620
  • Net Assets: $576,663,810

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

ELECTRIC REVENUES

Revenue

$936,848,947

MISCELLANEOUS SERVICE REVENUE

Revenue

$3,833,248

REVENUE FROM LATE PAYMENTS

Revenue

$3,549,482

OTHER ELECTRIC REVENUE

Revenue

$230,511

Organization Details

Founding Year

1936

Principal Officer

Chris Jones

Main Address

555 NEW SALEM HIGHWAY, MURFREESBORO, TN, 37129

NTEE Category

Code: W80 - Public benefit

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