Overview
What is South Alabama Electric Cooperative?
South Alabama Electric Cooperative is a nonprofit organization based in Troy, Alabama, with a PO Box address at 449, Alabama ZIP code 36081. They are dedicated to providing electric utility services to their cooperative members in the southern region of Alabama, using approximately 2,852 miles of distribution lines. The cooperative's mission is to offer dependable and high-quality electric energy and related services to a diverse consumer base at a reasonable cost, ensuring sound economics and effective management. South Alabama Electric Cooperative provided 402,687,751 Kilowatt-Hours of electric energy to its members in the previous period.
Official website here: www.southaec.com
Is South Alabama Electric Cooperative legitimate?
South Alabama Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. South 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $599,308
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of South Alabama Electric Cooperative?
South Alabama Electric Cooperative is dedicated to delivering reliable and high-quality electric energy and related services to a diverse consumer base. Their mission is to provide these essentials at the most affordable cost, while practicing sound economy and good management. With around 2,852 miles of distribution lines, they cater to members in Alabama, supplying them with approximately 402 million Kilowatt-Hours of electric energy. The cooperative's focus on cost efficiency and quality services underscores their commitment to meeting the demands of their community.
Official website here: www.southaec.com
Who is the CEO of South Alabama Electric Cooperative?
David Bailey is the Trustee of South Alabama Electric Cooperative.
Official website here: www.southaec.com
What is the revenue of South Alabama Electric Cooperative?
South Alabama Electric Cooperative's revenue in 2022 was $53,297,437.
Official website here: www.southaec.com
Who are the executives of South Alabama Electric Cooperative and what are their salaries?
The average compensation at South Alabama Electric Cooperative during 2022 was $10,333. There are 58 employees at South Alabama Electric Cooperative.
Here are 14 key members and their salaries:
- Lri (General Manager)
- Www (Employee)
- Hmr (Employee)
- Es (Employee)
- Cmd (Employee)
- Rlb (Employee)
- Ndg (Trustee)
- Jhm (Trustee)
- Jg (Trustee)
- Ts (Trustee)
- Bf (Trustee)
- Crt (Trustee)
- Jrs (Trustee)
- Dk (Trustee)
Official website here: www.southaec.com
Where can I find the form 990 for South Alabama Electric Cooperative?
The South Alabama Electric Cooperative’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.southaec.com
Learn more at the official website: www.southaec.com
Mission Statement of South Alabama Electric Cooperative
South Alabama Electric Cooperative, a dedicated utility service provider, is committed to delivering reliable and top-quality electric energy and associated services to a diverse consumer base. With a mission to keep costs low and maintain sound economics, this cooperative strives to meet the electric needs of its members in Alabama. Utilizing an extensive network of approximately 2,852 miles of distribution lines, South Alabama Electric Cooperative successfully provided over 402 million Kilowatt-Hours of electric energy to its members. The cooperative's diligent efforts and good management ensure a consistent supply of electric energy, enabling residents in the region to power their homes and businesses effectively.
Impact
This information is meant to be a general summary of South Alabama Electric Cooperative. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
South Alabama Electric Cooperative plays a vital role in the southern region of Alabama by providing reliable, quality electric energy and related services to its members. With approximately 2,852 miles of distribution lines, the cooperative supplied 402,687,751 Kilowatt-Hours of electric energy, impacting the daily lives and businesses of its diverse consumer base. By ensuring access to affordable electricity through sound management practices, South Alabama Electric Cooperative contributes to the economic development and well-being of the communities it serves.
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 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Sales of Electricity
Revenue
$50,782,697
Patronage Capital
Revenue
$784,923
Organization Details
Founding Year
1937
Phone
(334) 566-2060
Principal Officer
David Bailey
Main Address
PO Box 449, Troy, AL, 36081
Website
www.southaec.com
NTEE Category
Code: W80 - Public benefit
If you are a representative of South Alabama Electric Cooperative and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.