Overview
What is Alabama Rural Electric Association Of Cooperatives?
The Alabama Rural Electric Association of Cooperatives is a statewide nonprofit organization situated in Montgomery, Alabama. As a resourceful trade association, it serves its member electric cooperatives, supporting their efforts to maintain and advance the rural electrification program within the state. To achieve this, they publish a monthly magazine titled "Alabama Living," providing an effective platform for communication with their membership. With a dedicated workforce of 24 individuals, this association aims to contribute significantly to the rural electrification sector in Alabama.
Official website here: www.areapower.coop
Is Alabama Rural Electric Association Of Cooperatives legitimate?
Alabama Rural Electric Association Of Cooperatives is a legitimate nonprofit organization registered as a 501(c)(6) entity. Alabama Rural Electric Association Of Cooperatives 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: $1,487,864
Professional Fundraising Fees: $0
Other Salaries and Wages: $569,903
For more financial information, click here
Official website here: www.areapower.coop
What is the mission statement of Alabama Rural Electric Association Of Cooperatives?
The Alabama Rural Electric Association of Cooperatives serves as a resource for its electric cooperative members, facilitating services that aid in the continuation and advancement of rural electrification within Alabama. This association's mission is to support its members in their endeavors, ultimately contributing to the growth of rural electrification programs in the state. The organization provides a platform for communication, as demonstrated by the publication of their monthly magazine, "Alabama Living," which allows cooperatives to engage with their membership.
Official website here: www.areapower.coop
Who is the CEO of Alabama Rural Electric Association Of Cooperatives?
Karl G Rayborn is the CEO of Alabama Rural Electric Association Of Cooperatives The CEO's salary of Alabama Rural Electric Association Of Cooperatives is $330,714 and their total compensation is $577,328.
Official website here: www.areapower.coop
What is the revenue of Alabama Rural Electric Association Of Cooperatives?
Alabama Rural Electric Association Of Cooperatives's revenue in 2023 was $8,357,129.
Official website here: www.areapower.coop
Who are the executives of Alabama Rural Electric Association Of Cooperatives and what are their salaries?
The average compensation at Alabama Rural Electric Association Of Cooperatives during 2023 was $93,535. There are 22 employees at Alabama Rural Electric Association Of Cooperatives.
Here are 60 key members and their salaries (Alabama Rural Electric Association Of Cooperatives's CEO's salary is $330,714 and their total compensation is $577,328):
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- Compensation: $330,714
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- Compensation: $181,307
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- Other: $74,774
- Compensation: $122,830
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- Other: $32,255
- Compensation: $175,184
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- Other: $33,775
- Compensation: $174,076
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- Other: $19,837
Official website here: www.areapower.coop
Where can I find the form 990 for Alabama Rural Electric Association Of Cooperatives?
Alabama Rural Electric Association Of Cooperatives's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.areapower.coop
Learn more at the official website: www.areapower.coop
Mission Statement of Alabama Rural Electric Association Of Cooperatives
Alabama Rural Electric Association of Cooperatives, as a statewide trade association, serves as a valuable resource for its electric cooperative members. Their mission is centered around providing the necessary services required for the continuation and advancement of the rural electrification program in Alabama. This association acts as a catalyst, enabling its cooperative members to thrive and progress in their mission of providing electricity to rural areas.
To facilitate this, the Alabama Rural Electric Association of Cooperatives offers various resources. One of their key initiatives is the publication of a monthly magazine titled "Alabama Living." This magazine serves as a platform for cooperatives to communicate with their membership, strengthening the connection between the association and its members, and promoting a sense of unity and shared purpose. By providing this avenue for communication, the association plays a crucial role in fostering a collaborative environment among its members, ultimately contributing to the success of the rural electrification program in Alabama.
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Impact
October, 2024
The Alabama Rural Electric Association of Cooperatives plays a vital role in advancing rural electrification in Alabama. By serving as a resource for electric cooperatives across the state, it ensures that these entities can effectively deliver essential electrical services to rural communities.
Through initiatives like the monthly magazine "Alabama Living," the association enhances communication between cooperatives and their members, fostering transparency and engagement. This platform not only informs residents about energy-related issues but also highlights community events and initiatives, promoting a sense of belonging and collaboration among rural populations.
Furthermore, the association supports its members in navigating the challenges of modern energy demands, advocating for sustainable practices and innovation within the electric cooperative sector. This commitment to community improvement ultimately helps enhance the quality of life for residents in rural Alabama, ensuring they have access to reliable electricity and the resources necessary for growth and development.
This information is meant to be a general summary of Alabama Rural Electric Association Of Cooperatives. 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: $107,830
- Program Service Revenue: $4,200,030
- Gross Receipts: $8,357,129
Assets and Liabilities:
- Total Assets: $6,824,624
- Total Liabilities: $1,422,475
- Net Assets: $5,402,149
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Conferences/Meetings
Revenue
$2,420,774
Advertising
Revenue
$1,070,025
Management Fees
Revenue
$388,170
Printing
Revenue
$237,541
Broadband Program
Revenue
$83,520
Organization Details
Founding Year
1947
Principal Officer
Karl G Rayborn
Website
www.areapower.coopNTEE Category
Code: S40 - Community improvement
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