Overview
What is North Alabama Electric Cooperative?
North Alabama Electric Cooperative is a nonprofit organization, headquartered in Stevenson, Alabama. They operate by managing approximately 2,288 miles of distribution lines to provide electric energy to their cooperative members. With a team of 59 employees, their mission is to make electricity accessible to their community at the most affordable cost, ensuring sound economy and efficient management. The cooperative provided a significant amount of electrical energy, totaling 471 million kilowatt-hours, to its members in the previous period.
Official website here: www.naecoop.com
Is North Alabama Electric Cooperative legitimate?
North Alabama Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. North 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: $444,127
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.naecoop.com
What is the mission statement of North Alabama Electric Cooperative?
North Alabama Electric Cooperative is dedicated to making electric energy accessible to its members at the most affordable price, balancing economy and efficient management. With approximately 2,288 miles of distribution lines, the cooperative successfully delivered over 471 million kilowatt-hours of electricity to its members in the previous period. The organization's primary goal is ensuring the availability of electricity to its community, prioritizing a sound financial structure and effective management.
Official website here: www.naecoop.com
Who is the CEO of North Alabama Electric Cooperative?
Gena Hall is the Trustee of North Alabama Electric Cooperative.
Official website here: www.naecoop.com
What is the revenue of North Alabama Electric Cooperative?
North Alabama Electric Cooperative's revenue in 2023 was $59,602,382.
Official website here: www.naecoop.com
Who are the executives of North Alabama Electric Cooperative and what are their salaries?
The average compensation at North Alabama Electric Cooperative during 2023 was $7,528. There are 59 employees at North Alabama Electric Cooperative.
Here are 10 key members and their salaries:
- Compensation: $20,950
- Related: $0
- Other: $0
- Compensation: $27,265
- Related: $0
- Other: $0
- Compensation: $9,390
- Related: $0
- Other: $0
- Compensation: $17,499
- Related: $0
- Other: $0
- Compensation: $10,806
- Related: $0
- Other: $0
- Compensation: $13,342
- Related: $0
- Other: $0
- Compensation: $11,256
- Related: $0
- Other: $0
- Compensation: $27,265
- Related: $0
- Other: $0
- Compensation: $27,865
- Related: $0
- Other: $0
- Compensation: $278,489
- Related: $0
- Other: $0
Official website here: www.naecoop.com
Where can I find the form 990 for North Alabama Electric Cooperative?
North Alabama Electric Cooperative's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.naecoop.com
Learn more at the official website: www.naecoop.com
Mission Statement of North Alabama Electric Cooperative
North Alabama Electric Cooperative, with a mission to make electric energy accessible to its members, works diligently to provide power at the most affordable cost, ensuring sound economy and good management. The cooperative boasts an extensive network of approximately 2,288 miles of distribution lines, enabling it to deliver an impressive 471,858,414 kilowatt-hours of electricity to its membership base. In simple terms, North Alabama Electric Cooperative is dedicated to bringing electricity to its members in a cost-effective and efficient manner.
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Impact
October, 2024
North Alabama Electric Cooperative plays a vital role in providing electric energy to its members in the Stevenson, AL area. Through a robust infrastructure comprising approximately 2,288 miles of distribution lines, the cooperative delivered an impressive 471,858,414 kilowatt-hours of electricity to its members. Its mission focuses on making electric energy accessible at the lowest possible cost, while adhering to principles of sound economy and effective management. This commitment not only ensures reliable power supply but also fosters community wellbeing and economic growth in the region.
This information is meant to be a general summary of North 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $309,249
- Program Service Revenue: $58,612,954
- Gross Receipts: $59,602,382
Assets and Liabilities:
- Total Assets: $64,720,331
- Total Liabilities: $29,931,620
- Net Assets: $34,788,711
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES OF ELECTRICITY - RESIDENTIA
Revenue
$24,688,005
SALES OF ELECTRICITY - LARGE COMM
Revenue
$15,286,982
SALES OF ELECTRICITY - SMALL COMM
Revenue
$7,800,315
BROADBAND REVENUE
Revenue
$6,465,006
SALES OF ELECTRICITY - IND OUTDOO
Revenue
$902,792
Organization Details
Founding Year
1940
Phone
(256) 437-2281Principal Officer
Gena Hall
Main Address
PO BOX 628, STEVENSON, AL, 357720628
Website
www.naecoop.comNTEE Category
Code: W50 - Public benefit
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