Overview
What is Covington Electric Cooperative Inc?
Covington Electric Cooperative Inc, located in Andalusia, Alabama (ZIP code 36421), is a nonprofit electric cooperative that serves approximately 23,000 member-owners in southern Alabama. Their primary mission revolves around distributing electric energy to their cooperative members. The cooperative operates as an electric distribution cooperative and strives to fulfill this mission with a workforce of 87 employees. Its main goal is to provide essential electric services to its community, contributing to the well-being and daily life of its members.
Official website here: www.cov-elect.com
What are the reviews and ratings of this charity?
Covington Electric Cooperative Inc is not currently rated by Charity Navigator. This absence of a rating does not imply a negative or positive assessment, merely that the organization has not been evaluated. As it is not a 501(c)(3) IRS registered nonprofit, Charity Navigator's methodologies for Accountability & Finance, Impact & Measurement, and other criteria do not apply.
Important data metrics like total revenue, expenses, and salary of key persons are not available, limiting the insights into the organization's operations. The cooperative operates independently without being part of a larger organization, signifying potential self-governance and autonomous decision-making processes.
There are no user reviews available from GreatNonprofits, leaving a gap in understanding the public perception and community involvement that may otherwise highlight user satisfaction or concerns. The lack of community feedback makes it challenging to assess the impact or engagement Covington Electric Cooperative Inc has within its service areas.
This AI summary has been generated from information found on Charity Navigator.
Is Covington Electric Cooperative Inc legitimate?
Covington Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Covington 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: $972,289
Professional Fundraising Fees: $0
Other Salaries and Wages: $548,545
For more financial information, click here
Official website here: www.cov-elect.com
What is the mission statement of Covington Electric Cooperative Inc?
Covington Electric Cooperative Inc serves as an electric distribution cooperative, dedicated to supplying power to approximately 23,000 member-owners residing in various parts of Alabama. The cooperative's primary mission revolves around delivering reliable electric service to these individuals. Its core objective is to ensure every community member has consistent access to electricity. The cooperative's mission goes beyond just electricity distribution, as it strives to build and maintain strong relationships with its members. By prioritizing their needs and concerns, the cooperative aims to foster a sense of partnership and trust within the community. Moreover, the cooperative endeavors to provide responsive customer services, addressing any inquiries or concerns with professionalism and efficiency.
Official website here: www.cov-elect.com
Who is the CEO of Covington Electric Cooperative Inc?
Mark G Parker is the President & of Covington Electric Cooperative Inc.
Official website here: www.cov-elect.com
What is the revenue of Covington Electric Cooperative Inc?
Covington Electric Cooperative Inc's revenue in 2022 was $63,715,088.
Official website here: www.cov-elect.com
Who are the executives of Covington Electric Cooperative Inc and what are their salaries?
The average compensation at Covington Electric Cooperative Inc during 2022 was $17,481. There are 87 employees at Covington Electric Cooperative Inc.
Here are 15 key members and their salaries:
- Compensation: $394,920
- Related: $0
- Other: $94,255
- Compensation: $210,428
- Related: $0
- Other: $201,152
- Compensation: $239,101
- Related: $0
- Other: $147,251
- Compensation: $200,979
- Related: $0
- Other: $73,231
- Compensation: $150,227
- Related: $0
- Other: $102,706
- Compensation: $133,036
- Related: $0
- Other: $70,624
- Compensation: $131,759
- Related: $0
- Other: $54,548
- Compensation: $155,480
- Related: $0
- Other: $27,963
- Compensation: $133,523
- Related: $0
- Other: $42,732
- Compensation: $35,105
- Related: $0
- Other: $0
- Compensation: $31,654
- Related: $0
- Other: $0
- Compensation: $25,730
- Related: $0
- Other: $0
- Compensation: $25,354
- Related: $0
- Other: $0
- Compensation: $25,354
- Related: $0
- Other: $0
- Compensation: $23,105
- Related: $0
- Other: $0
Official website here: www.cov-elect.com
Where can I find the form 990 for Covington Electric Cooperative Inc?
Covington Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cov-elect.com
Learn more at the official website: www.cov-elect.com
Mission Statement of Covington Electric Cooperative Inc
Covington Electric Cooperative Inc, a cooperative by nature, is dedicated to fulfilling an essential mission in southern Alabama. With approximately 23,000 member-owners relying on them, this organization goes beyond just distributing electric energy. Instead, it prioritizes delivering a reliable and uninterrupted power supply to its community.
The cooperative's primary objective revolves around serving its members effectively. By focusing on their needs, Covington Electric Cooperative Inc ensures that each household and business is well-equipped with the necessary electric energy to function optimally. The cooperative's commitment to its members is unwavering, making it an integral part of their daily lives.
Covington Electric Cooperative Inc operates as a responsive and customer-centric organization. Its mission is to provide not just electricity but also a sense of security and stability to its members. The cooperative's team is always on hand to address any concerns or issues that may arise, ensuring a collaborative and supportive relationship between the organization and its community.
In summary, Covington Electric Cooperative Inc is more than just an electric distribution company. It is a dedicated and community-focused organization that prioritizes its members and their needs, ensuring a reliable and uninterrupted electric energy supply.
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Impact
October, 2024
Covington Electric Cooperative Inc plays a vital role in the electric distribution landscape of Southern Alabama. By serving approximately 23,000 member-owners, the cooperative ensures that communities in and around Andalusia have reliable access to electric energy. This local focus allows for tailored services that meet the unique needs of the area, fostering community growth and development.
The cooperative's mission emphasizes not just the distribution of electric energy but also a commitment to the well-being of its members. This impact extends beyond electricity provision to encompass support for community initiatives and engagement, contributing to the overall quality of life in the region. Additionally, as a locally managed entity, Covington Electric Cooperative provides job opportunities and supports the local economy. Through its operations, the cooperative exemplifies a model of service that prioritizes public benefit and enhances community resilience.
This information is meant to be a general summary of Covington 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 2022.
- Investment Income: $1,174,021
- Program Service Revenue: $61,873,127
- Gross Receipts: $63,715,088
Assets and Liabilities:
- Total Assets: $215,289,876
- Total Liabilities: $130,143,373
- Net Assets: $85,146,503
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES OF ELECTRICITY
Revenue
$60,297,577
POLE RENTALS
Revenue
$941,291
OTHER SALES TO MEMBERS
Revenue
$634,259
Organization Details
Founding Year
1944
Phone
(334) 222-4121Principal Officer
Mark G Parker
Main Address
18836 US HWY 84, ANDALUSIA, AL, 36421
Website
www.cov-elect.comNTEE Category
Code: W80 - Public benefit
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