Overview
What is Marshall-Dekalb Electric Cooperative?
Marshall-Dekalb Electric Cooperative is a nonprofit organization based in Boaz, Alabama. Their primary mission revolves around the purchase and sale of electricity to provide power for approximately 20,700 customers. The cooperative, employing 58 individuals, buys electric power from TVA (Tennessee Valley Authority) and distributes it to its membership base. This essential service ensures the community's access to reliable electricity.
Is Marshall-Dekalb Electric Cooperative legitimate?
Marshall-Dekalb Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Marshall-Dekalb 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: $340,287
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Marshall-Dekalb Electric Cooperative?
Marshall-Dekalb Electric Cooperative focuses on the purchase and sale of electricity to its membership. The cooperative acquires electric power for its customer base, serving a total of 20,700 individuals. Their primary mission is centered around procuring and distributing electricity to meet the energy needs of their community. The organization is dedicated to ensuring a stable power supply for its members. In addition to selling electricity, they work closely with their suppliers to maintain a reliable and efficient electric grid. Their ultimate goal is to provide consistent and high-quality electric service to each household and business they serve.
Who is the CEO of Marshall-Dekalb Electric Cooperative?
Scott Bobo is the Sec/Treas of Marshall-Dekalb Electric Cooperative.
What is the revenue of Marshall-Dekalb Electric Cooperative?
Marshall-Dekalb Electric Cooperative's revenue in 2023 was $19,675,444.
Who are the executives of Marshall-Dekalb Electric Cooperative and what are their salaries?
The average compensation at Marshall-Dekalb Electric Cooperative during 2023 was $5,867. There are 58 employees at Marshall-Dekalb Electric Cooperative.
Here are 14 key members and their salaries:
- Compensation: $15,025
- Related: $0
- Other: $0
- Compensation: $15,061
- Related: $0
- Other: $0
- Compensation: $14,382
- Related: $0
- Other: $0
- Compensation: $16,825
- Related: $0
- Other: $0
- Compensation: $14,710
- Related: $0
- Other: $0
- Compensation: $14,421
- Related: $0
- Other: $0
- Compensation: $14,000
- Related: $0
- Other: $0
- Compensation: $13,921
- Related: $0
- Other: $0
- Compensation: $13,725
- Related: $0
- Other: $0
- Compensation: $160,594
- Related: $0
- Other: $5,200
- Compensation: $108,196
- Related: $0
- Other: $5,200
- Compensation: $142,267
- Related: $0
- Other: $0
- Compensation: $108,251
- Related: $0
- Other: $15,600
- Compensation: $126,038
- Related: $0
- Other: $0
Where can I find the form 990 for Marshall-Dekalb Electric Cooperative?
Marshall-Dekalb Electric Cooperative's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Marshall-Dekalb Electric Cooperative
Marshall-Dekalb Electric Cooperative, a notable entity in the electric power sector, is dedicated to the purchase and sale of electricity to its membership. With a customer base of over 20,700, this cooperative plays a significant role in supplying electricity to its community.
In simple terms, Marshall-Dekalb Electric Cooperative functions as an intermediary, procuring electric power from TVA and distributing it among its members. By doing so, the organization ensures a reliable and consistent energy supply to the households and businesses it serves. The cooperative's mission is not just limited to electricity sales, as it strives to provide an essential service that powers the daily lives of its customers.
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Impact
October, 2024
Marshall-Dekalb Electric Cooperative plays a crucial role in the community by providing reliable electric power to approximately 20,700 customers in Boaz, Alabama, and surrounding areas. By purchasing electricity from the Tennessee Valley Authority (TVA), the cooperative ensures a steady and affordable energy supply to its members. Its mission centers around purchasing and selling electricity, prioritizing the needs and interests of the membership. As a public benefit organization, it contributes to the overall well-being of the community, facilitating economic development, enhancing quality of life, and promoting energy access for residents and businesses alike.
This information is meant to be a general summary of Marshall-Dekalb 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $117,391
- Program Service Revenue: $1,202,031
- Gross Receipts: $61,383,282
Assets and Liabilities:
- Total Assets: $99,231,302
- Total Liabilities: $31,949,037
- Net Assets: $67,282,265
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MISCELLANEOUS ELECTRIC
Revenue
$1,202,031
Organization Details
Founding Year
1941
Phone
(256) 593-4262Principal Officer
Scott Bobo
Main Address
PO BOX 724, BOAZ, AL, 35957
NTEE Category
Code: W80 - Public benefit
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