Overview
What is Arab Electric Cooperative Inc?
Arab Electric Cooperative Inc is a nonprofit organization headquartered in Arab, Alabama. With a team of 37 employees, they provide electricity to over 16,000 accounts, including 13,683 residential, 2,475 small commercial, 177 large commercial, and 148 lighting accounts. Their operations cover 1,237 miles of distribution lines that procure power from the Tennessee Valley Authority (TVA) and distribute it to their members. Their primary mission is to sell electricity to their members at the most affordable rates possible.
Official website here: www.arab-electric.org
What are the reviews and ratings of this charity?
Arab Electric Cooperative Inc is not currently rated by Charity Navigator. This absence of a rating should not be interpreted as either positive or negative; rather, it indicates that the organization has not yet been evaluated under the criteria typically used by Charity Navigator. This includes methods such as Accountability & Finance and Impact & Measurement, which cannot assess Arab Electric Cooperative as it is not a 501(c)(3) nonprofit.
The nonprofit's status as a non-501(c)(3) impacts its evaluation potential since Charity Navigator primarily assesses organizations benefiting from tax-exempt status eligible for tax-deductible contributions. Moreover, the data regarding total revenue, expenses, and salaries of key persons is not available for Arab Electric Cooperative Inc, limiting the ability to provide a fiscal overview.
In terms of structure, Arab Electric Cooperative is identified as an independent organization with available IRS data, though details like their financial operations and cultural or community methodologies remain unevaluated. Due to a lack of user reviews on GreatNonprofits, community feedback is currently unavailable to further inform public understanding.
This AI summary has been generated from information found on Charity Navigator.
Is Arab Electric Cooperative Inc legitimate?
Arab Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Arab Electric Cooperative Inc 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: $265,171
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.arab-electric.org
What is the mission statement of Arab Electric Cooperative Inc?
Arab Electric Cooperative is dedicated to providing electricity to its membership at the most affordable rates. This mission is central to the cooperative's significant activities. Serving over 16,000 accounts, including residential, small commercial, and large commercial, Arab Electric Cooperative delivers power purchased from the Tennessee Valley Authority (TVA) through its extensive network of 1,237 miles of distribution lines. The cooperative's commitment to affordability allows its members to access essential electricity, enhancing their quality of life. By focusing on cost-effectiveness, the cooperative ensures that its members receive reliable and affordable power, enabling them to thrive in their communities.
Official website here: www.arab-electric.org
Who is the CEO of Arab Electric Cooperative Inc?
Stacey White is the General Manager of Arab Electric Cooperative Inc.
Official website here: www.arab-electric.org
What is the revenue of Arab Electric Cooperative Inc?
Arab Electric Cooperative Inc's revenue in 2023 was $42,047,974.
Official website here: www.arab-electric.org
Who are the executives of Arab Electric Cooperative Inc and what are their salaries?
The average compensation at Arab Electric Cooperative Inc during 2023 was $7,167. There are 37 employees at Arab Electric Cooperative Inc.
Here are 10 key members and their salaries:
- Compensation: $135,361
- Related: $0
- Other: $60,674
- Compensation: $8,000
- Related: $0
- Other: $197
- Compensation: $8,000
- Related: $0
- Other: $197
- Compensation: $8,000
- Related: $0
- Other: $197
- Compensation: $8,000
- Related: $0
- Other: $197
- Compensation: $8,000
- Related: $0
- Other: $197
- Compensation: $8,000
- Related: $0
- Other: $197
- Compensation: $8,000
- Related: $0
- Other: $197
- Compensation: $8,000
- Related: $0
- Other: $197
- Compensation: $8,000
- Related: $0
- Other: $197
Official website here: www.arab-electric.org
Where can I find the form 990 for Arab Electric Cooperative Inc?
Arab Electric Cooperative Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.arab-electric.org
Learn more at the official website: www.arab-electric.org
Mission Statement of Arab Electric Cooperative Inc
Arab Electric Cooperative, a dedicated organization, is committed to providing electricity to its membership at the most affordable rates possible. The cooperative's primary objective centers around the sale of electricity, ensuring that every account, be it residential, small commercial, or large commercial, benefits from economical electricity rates.
Arab Electric Cooperative serves a diverse range of customers, including 13,683 residential accounts, 2,475 small commercial accounts, 177 large commercial accounts, and 148 lighting accounts. In total, the cooperative caters to 16,483 accounts, demonstrating its wide reach and commitment to the community. With a vast network of 1,237 miles of distribution lines, Arab Electric Cooperative is able to efficiently deliver electricity purchased from the Tennessee Valley Authority (TVA) to its members.
Arab Electric Cooperative's unwavering dedication to affordability and accessibility sets it apart. Its mission is not only to provide electricity but to ensure that it is accessible to all at the most feasible rates. The cooperative's efforts to keep electricity affordable enable its members to focus on other aspects of their lives, contributing to the overall well-being of the community.
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Impact
October, 2024
Arab Electric Cooperative Inc. plays a crucial role in providing affordable electricity to its members in Arab, Alabama, and the surrounding areas. With a mission focused on delivering power at the lowest feasible rates, the cooperative serves a diverse customer base that includes 13,683 residential accounts, 2,475 small commercial accounts, 177 large commercial accounts, and 148 lighting accounts, totaling 16,483 accounts.
The cooperative operates an extensive distribution network, encompassing 1,237 miles of lines that transport electricity purchased from the Tennessee Valley Authority (TVA). This infrastructure not only ensures reliable access to electricity for its members but also supports economic growth by providing essential services for both residential and commercial consumers.
By prioritizing cost-effective energy solutions, Arab Electric Cooperative Inc. positively impacts the community's overall economic health, helping to foster sustainable development and improve the quality of life for its members. In a rapidly changing energy landscape, the cooperative's commitment to affordable access to electricity is vital in supporting both individual households and local businesses.
This information is meant to be a general summary of Arab Electric Cooperative Inc. 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: $530,388
- Program Service Revenue: $40,008,641
- Gross Receipts: $42,047,974
Assets and Liabilities:
- Total Assets: $60,454,391
- Total Liabilities: $14,310,528
- Net Assets: $46,143,863
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Utilities
Revenue
$40,008,641
Organization Details
Founding Year
1947
Phone
(256) 586-3196Principal Officer
Stacey White
Main Address
PO BOX 770, ARAB, AL, 350160770
Website
www.arab-electric.orgNTEE Category
Code: W80 - Public benefit
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