Overview
What is Powersouth Energy Cooperative?
Powersouth Energy Cooperative is a cooperative corporation based in Andalusia, Alabama, serving the wholesale energy needs of 20 utility distribution members in Alabama and Northwest Florida. Established under the Rural Electrification Act of 1936, this cooperative produces and transmits wholesale electric power to its cooperative and municipal members. With a workforce of 658 employees, Powersouth Energy Cooperative is dedicated to providing electric power to its cooperative and municipal members, adhering to the historic legislation that aims to improve the quality of life for rural communities.
Official website here: www.powersouth.com
Is Powersouth Energy Cooperative legitimate?
Powersouth Energy Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Powersouth Energy 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: $13,943,521
Professional Fundraising Fees: $0
Other Salaries and Wages: $46,933,745
For more financial information, click here
What is the mission statement of Powersouth Energy Cooperative?
Powersouth Energy Cooperative is a cooperative corporation that produces and transmits wholesale electric power to and for its cooperative and municipal members, adhering to the provisions of the Rural Electrification Act of 1936. The cooperative's primary mission is to meet the wholesale energy needs of 20 utility distribution members in Alabama and Northwest Florida. Through this mission, Powersouth Energy Cooperative plays a crucial role in providing electric power to communities and ensuring their continuous access to energy resources. The cooperative's actions are driven by the 1936 Rural Electrification Act, which emphasizes cooperation and community-driven energy solutions. Powersouth Energy Cooperative's commitment to its members is rooted in the longstanding tradition of cooperative utilities and their mission to serve their communities.
Official website here: www.powersouth.com
Who is the CEO of Powersouth Energy Cooperative?
Elizabeth C Woodard is the Board Member of Powersouth Energy Cooperative. The CEO's salary of Powersouth Energy Cooperative is $1,830,250 and their total compensation is $2,158,798.
Official website here: www.powersouth.com
What is the revenue of Powersouth Energy Cooperative?
Powersouth Energy Cooperative's revenue in 2022 was $852,552,468.
Official website here: www.powersouth.com
Who are the executives of Powersouth Energy Cooperative and what are their salaries?
The average compensation at Powersouth Energy Cooperative during 2022 was $92,519. There are 658 employees at Powersouth Energy Cooperative.
Here are 58 key members and their salaries (Powersouth Energy Cooperative's CEO's salary is $1,830,250 and their total compensation is $2,158,798):
- Damon Morgan (Coo/Vp)
- Gary Smith (Ceo/President)
- Elizabeth Woodard (Cfo/Vp)
- Horace Horn (Vp Of External Affairs)
- Art Brunson (Vp Of Legal And Compliance)
- Ron Graham (Vp Of Power Supply)
- Matthew Diamond (Vp Of Member Services And Communications)
- Joe Armstrong (Vp Of Engineering And Operations)
- John Matheson (Vp Of Power Productions)
- Taylor Williams (Director Of External Affairs)
- Terry Wilson (Director Of T&D Operations)
- Debra Bracewell (Manager Of Human Resources)
- Jonathan Ellison (Director Of Technical Serv)
- David Wyatt (Central Generation Plant M)
- Jimmy Shaver (Board Member) [Trustee/Director]
- Willie Wright (Board Member) [Trustee/Director]
- Thomas Duncan (Board Member) [Trustee/Director]
- Gerald Edmondson (Board Member) [Trustee/Director]
- Stacey Parker (Board Member) [Trustee/Director]
- Steven Sheffield (Board Member) [Trustee/Director]
- David Bailey (Board Member) [Trustee/Director]
- Terry Moseley (Board Member) [Trustee/Director]
- Isabell Boyd (Board Member) [Trustee/Director]
- Rodney Harrison (Board Member) [Trustee/Director]
- Wiregrass Electric Cooperative (Board Member) [Trustee/Director]
- John Bartley (Board Member) [Trustee/Director]
- Chase Riddle (Board Member) [Trustee/Director]
- Ed Short (Board Member) [Trustee/Director]
- Tallapoosa River Electric (Board Member) [Trustee/Director]
- Debra Baxley (Board Member) [Trustee/Director]
- Seth Hammett (Board Member) [Trustee/Director]
- Joseph Coleman (Board Member) [Trustee/Director]
- Willie Smith (Board Member) [Trustee/Director]
- Jeffrey Hodges (Board Member) [Trustee/Director]
- Jon Cullimore (Board Member) [Trustee/Director]
- Ryan Campbell (Board Member) [Trustee/Director]
- Earl Johnson (Board Member) [Trustee/Director]
- Kim Jackson (Board Member) [Trustee/Director]
- Robert Byrd (Board Member) [Trustee/Director]
- Karen Moore (Board Member) [Trustee/Director]
- Edward Miller (Board Member) [Trustee/Director]
- David Cook (Board Member) [Trustee/Director]
- Tom Stackhouse (Board Member) [Trustee/Director]
- Gary Harrison (Board Member) [Trustee/Director]
- Vince Johnson (Board Member) [Trustee/Director]
- Stephen Rhodes (Board Member) [Trustee/Director]
- Tom Maddox (Board Member) [Trustee/Director]
- Johnny Adcock (Board Member) [Trustee/Director]
- Becky Bracke (Board Member) [Trustee/Director]
- Jane Brunson (Board Member) [Trustee/Director]
- Ty Peel (Board Member) [Trustee/Director]
- James Hall (Board Member) [Trustee/Director]
- Joe Rone (Board Member) [Trustee/Director]
- John Davis (Board Member) [Trustee/Director]
- George Owens (Board Member) [Trustee/Director]
- Derek Chadwell (Board Member) [Trustee/Director]
- Marilyn Davis (Board Member) [Trustee/Director]
- Howard Daugherty (Board Member) [Trustee/Director]
Official website here: www.powersouth.com
Where can I find the form 990 for Powersouth Energy Cooperative?
The Powersouth Energy Cooperative’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.powersouth.com
Learn more at the official website: www.powersouth.com
Mission Statement of Powersouth Energy Cooperative
Powersouth Energy Cooperative, a cooperative corporation based in Alabama, is dedicated to producing and transmitting wholesale electric power to and for its cooperative and municipal members, adhering to the provisions of the Rural Electrification Act of 1936. The organization's primary role is to address the wholesale energy requirements of 20 utility distribution members in Alabama and Northwest Florida.
By engaging in this essential mission, Powersouth Energy Cooperative plays a crucial role in the energy sector, ensuring the continuous supply of electricity to its cooperative and municipal members. The cooperative operates as a unified entity, harnessing the collective power of its members to deliver wholesale electricity efficiently and effectively. Through this collaborative approach, Powersouth Energy Cooperative enables its members to focus on their core responsibilities while the cooperative manages the production and transmission of electricity.
The Rural Electrification Act of 1936 serves as the foundation for Powersouth Energy Cooperative's operations. This historic legislation aimed to bring electricity to rural communities that were previously underserved. Powersouth Energy Cooperative carries on this legacy, providing essential energy services to its members in a responsible and sustainable manner. By adhering to the provisions of the Act, the cooperative upholds its commitment to its members, ensuring they have access to reliable and affordable electricity.
Impact
This information is meant to be a general summary of Powersouth Energy Cooperative. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Powersouth Energy Cooperative plays a crucial role in providing wholesale electric power to its cooperative members in Alabama and northwest Florida. By operating under the Rural Electrification Act of 1936, Powersouth Energy Cooperative ensures that its members have access to reliable and affordable energy sources. This impact extends to 20 utility distribution members who rely on Powersouth for their energy needs. Through its operations, Powersouth Energy Cooperative contributes to the overall infrastructure and economic development of the region 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
$846,511,214
Organization Details
Founding Year
1941
Phone
(334) 427-3000
Principal Officer
Elizabeth C Woodard
Main Address
PO BOX 550, ANDALUSIA, AL, 36420
Website
www.powersouth.com
NTEE Category
Code: W80 - Public benefit
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