Central Alabama Electric Cooperative

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

EIN: 630038505 ✦ Prattville, AL ✦ Designated as a 501(c)(12)

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Overview

What is Central Alabama Electric Cooperative?

Central Alabama Electric Cooperative, located at 103 Jesse Samuel Hunt Blvd, Prattville, AL 36066, is a nonprofit electric utility service provider with approximately 35,818 cooperative members. Their primary mission is to deliver essential utility services to this community. With a team of 176 dedicated employees, Central Alabama Electric Cooperative strives to ensure the reliable provision of electricity to its members.


Official website here: www.caec.coop

What are the reviews and ratings of this charity?

Central Alabama Electric Cooperative is not currently rated by Charity Navigator, as it does not classify as a 501(c)(3) organization, which is a requirement for their assessment methodologies. The cooperative lacks data in key areas such as revenue, expenses, and key personnel salaries, making it ineligible for a conventional Charity Navigator evaluation. The absence of a rating does not necessarily indicate the organization's efficacy or shortcomings.

Despite its lack of rating, Central Alabama Electric Cooperative operates as an independent organization and not an auxiliary. This suggests that they manage their activities and decision-making independently. The cooperative's purpose and value cannot be comprehensively assessed through the available frameworks given their structure and categorization outside the typical nonprofit status measured by Charity Navigator.

There are no user reviews available from GreatNonprofits to provide additional insights into the cooperative's operations or community impact. Thus, while specific strengths and limitations related to their non-profit profile are not captured, it remains essential for stakeholders to consider other community feedback or direct information where accessible.


This AI summary has been generated from information found on Charity Navigator.

Is Central Alabama Electric Cooperative legitimate?

Central Alabama Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Central Alabama Electric Cooperative 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: $1,755,673
Professional Fundraising Fees: $0
Other Salaries and Wages: $798,095

For more financial information, click here


Official website here: www.caec.coop

What is the mission statement of Central Alabama Electric Cooperative?

Central Alabama Electric Cooperative is dedicated to delivering utility services to its cooperative members. Its primary mission is to ensure the provision of electricity to approximately 35,818 members. This non-profit organization focuses on powering homes and businesses within its community, enhancing the quality of life for those it serves. Through consistent and reliable electric service, Central Alabama Electric Cooperative strives to contribute to the economic growth and overall well-being of its members. Additionally, the cooperative may offer various programs or initiatives to enhance the energy efficiency and sustainability of its members' lifestyles.


Official website here: www.caec.coop

Who is the CEO of Central Alabama Electric Cooperative?

Thomas Stackhouse is the President/Ce of Central Alabama Electric Cooperative.


Official website here: www.caec.coop

What is the revenue of Central Alabama Electric Cooperative?

Central Alabama Electric Cooperative's revenue in 2022 was $115,611,869.


Official website here: www.caec.coop

Who are the executives of Central Alabama Electric Cooperative and what are their salaries?

The average compensation at Central Alabama Electric Cooperative during 2022 was $14,510. There are 176 employees at Central Alabama Electric Cooperative.


Here are 22 key members and their salaries:


Thomas Stackhouse (President/Ce)
  • Compensation: $389,352
  • Related: $0
  • Other: $219,725
James Gray (Vp Engineer/)
  • Compensation: $221,069
  • Related: $0
  • Other: $188,776
Damali Clark (Vp Corp/Fina)
  • Compensation: $203,078
  • Related: $0
  • Other: $170,937
Julie Young (Vp Business)
  • Compensation: $223,814
  • Related: $0
  • Other: $104,825
Aaron Ismail (Vp Customer/)
  • Compensation: $192,590
  • Related: $0
  • Other: $120,356
Scott Lee (Mgr-It)
  • Compensation: $166,181
  • Related: $0
  • Other: $99,113
Joel Collier (Mgr-Operatio)
  • Compensation: $169,738
  • Related: $0
  • Other: $79,757
Randall Morgan (Mgr-Operatio)
  • Compensation: $161,808
  • Related: $0
  • Other: $86,312
Connie Bainbridge (Mgr-Econ/Dev)
  • Compensation: $161,864
  • Related: $0
  • Other: $77,130
Walton C Montgomery (Vp Central A)
  • Compensation: $164,532
  • Related: $0
  • Other: $69,795
Erick Terry (Mgr-Engineer)
  • Compensation: $148,369
  • Related: $0
  • Other: $73,141
Charles Byrd (Chairman)
  • Compensation: $44,000
  • Related: $0
  • Other: $0
Van Smith (Vice Chairma)
  • Compensation: $42,450
  • Related: $0
  • Other: $0
Terry Mitchell (Trustee)
  • Compensation: $41,850
  • Related: $0
  • Other: $0
Nicole Law (Trustee)
  • Compensation: $39,500
  • Related: $1,800
  • Other: $0
Mark Gray (Trustee)
  • Compensation: $39,500
  • Related: $0
  • Other: $0
Mark Presnell (Secretary/Tr)
  • Compensation: $38,150
  • Related: $1,350
  • Other: $0
Mike Lamar (Trustee)
  • Compensation: $37,250
  • Related: $1,350
  • Other: $0
Chase Riddle (Trustee)
  • Compensation: $38,600
  • Related: $0
  • Other: $0
Patsy Holmes (Trustee)
  • Compensation: $24,850
  • Related: $0
  • Other: $0
James Parnell (Trustee)
  • Compensation: $24,400
  • Related: $400
  • Other: $0
Jimmie Harrison (Trustee)
  • Compensation: $7,800
  • Related: $450
  • Other: $0


Official website here: www.caec.coop

Where can I find the form 990 for Central Alabama Electric Cooperative?

Central Alabama Electric Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.caec.coop

Learn more at the official website: www.caec.coop

Mission Statement of Central Alabama Electric Cooperative

Central Alabama Electric Cooperative, or CAEC, is a dedicated organization that strives to provide essential utility services to its cooperative members. Established with a clear mission, CAEC works tirelessly to ensure that electricity reaches approximately 35,818 households in the community.

The cooperative's primary goal is to deliver electricity services, a crucial necessity in modern life. CAEC's unwavering commitment to its members underpins its daily operations. By providing utility service, the cooperative plays a vital role in enhancing the quality of life for the families and communities it serves. Furthermore, it ensures that the power needs of its members are met reliably and efficiently.

CAEC is more than just a utility provider; it is a responsible and dedicated partner to its members. Its unwavering dedication to its mission is evident in its consistent efforts to meet the electricity needs of its cooperative members. The organization takes pride in its ability to maintain a strong and resilient power infrastructure, enabling it to respond effectively to any challenges that may arise and ensure a stable electricity supply for all.

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Impact




October, 2024

Central Alabama Electric Cooperative plays a crucial role in delivering essential electric utility services to approximately 35,818 cooperative members in Prattville, Alabama. By providing reliable electricity, the cooperative enhances the quality of life for residents and supports local economic development. Its mission to serve cooperative members ensures that the community has access to vital energy resources, fostering a sustainable environment for growth and innovation. The cooperative’s focus on public benefit reinforces its commitment to the welfare of the community, making a positive impact on daily living and contributing to the overall advancement of the region.




This information is meant to be a general summary of Central Alabama Electric Cooperative. 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
$115,611,869 (2022)
Expenses
$107,596,635 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $57,220
  • Program Service Revenue: $105,980,445
  • Gross Receipts: $115,611,869

Assets and Liabilities:

  • Total Assets: $384,116,824
  • Total Liabilities: $262,273,483
  • Net Assets: $121,843,341

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Programs

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

ELECTRIC SALES

Revenue

$104,898,140

POLE ATTACHMENTS

Revenue

$1,082,305

Organization Details

Principal Officer

Thomas Stackhouse

Main Address

103 JESSE SAMUEL HUNT BLVD, PRATTVILLE, AL, 36066

NTEE Category

Code: W80 - Public benefit

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