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 not tax deductible.
Here 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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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.
Impact
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.
Thursday, August 15, 2024
Marshall-Dekalb Electric Cooperative's impact is evident through the provision of essential electricity services to approximately 20,700 customers in the city of Boaz, Alabama. By purchasing and selling electricity from TVA, the cooperative plays a crucial role in ensuring that its membership has access to reliable power for their daily needs. Through this activity, Marshall-Dekalb Electric Cooperative contributes to the well-being and functioning of the community by powering homes, businesses, and essential services, ultimately enhancing the quality of life for its customers.
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.
- Assets and Liabilities:
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) 593-4262
Principal Officer
Scott Bobo
Main Address
PO BOX 724, BOAZ, AL, 35957
NTEE Category
Code: W80 - Public benefit
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