Alcorn County Electric Power Associ

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 640111850 ✦ Corinth, MS ✦ Designated as a 501(c)(12)

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Overview

What is Alcorn County Electric Power Associ?

Alcorn County Electric Power Associ, a nonprofit organization based in Corinth, Mississippi, serves approximately 19,000 customers and members in the area. Their primary mission is to provide electricity, ensuring a consistent energy supply for residents and businesses in Alcorn County. With a workforce of 93 employees, they are dedicated to delivering essential power services to their community.


Official website here: www.ace-power.com

Is Alcorn County Electric Power Associ legitimate?

Alcorn County Electric Power Associ is a legitimate nonprofit organization registered as a 501(c)(12) entity. Alcorn County Electric Power Associ 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,172,547

For more financial information, click here


Official website here: www.ace-power.com

What is the mission statement of Alcorn County Electric Power Associ?

The Alcorn County Electric Power Associated is dedicated to supplying electric power to its members residing in various areas. With a commitment to serving approximately 19,000 customers, they strive to ensure a consistent and reliable energy source for their community. Their mission focuses on providing essential electricity to enhance the daily lives of those they serve. By delivering electricity, they contribute to the economic growth, social development, and overall improvement of the community. Their goal is to maintain a strong infrastructure and efficient operations to consistently meet the electricity demands of their members.


Official website here: www.ace-power.com

Who is the CEO of Alcorn County Electric Power Associ?

James Andrew Galloway is the President of Alcorn County Electric Power Associ. The CEO's salary of Alcorn County Electric Power Associ is $196,984 and their total compensation is $256,910.


Official website here: www.ace-power.com

What is the revenue of Alcorn County Electric Power Associ?

Alcorn County Electric Power Associ's revenue in 2023 was $21,306,636.


Official website here: www.ace-power.com

Who are the executives of Alcorn County Electric Power Associ and what are their salaries?

The average compensation at Alcorn County Electric Power Associ during 2023 was $34,113. There are 93 employees at Alcorn County Electric Power Associ.


Here are 14 key members and their salaries (Alcorn County Electric Power Associ's CEO's salary is $196,984 and their total compensation is $256,910):


Bobby Roberts (President)
  • Compensation: $0
  • Related: $0
  • Other: $5,385
Mark Gardner (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
J B Darnell (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ben Ferrell (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Powell (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sean Mcgrath (Ceo)
  • Compensation: $196,984
  • Related: $0
  • Other: $59,926
Jason Grisham (Coo)
  • Compensation: $201,822
  • Related: $0
  • Other: $60,664
Paul Mcnair (Asst. Oper M)
  • Compensation: $298,810
  • Related: $0
  • Other: $50,767
Wally Eaton (Line Foreman)
  • Compensation: $162,424
  • Related: $0
  • Other: $46,415
Trint Baggett (System Engin)
  • Compensation: $155,875
  • Related: $0
  • Other: $49,963
Scotty Mills (Right Of Way)
  • Compensation: $144,380
  • Related: $0
  • Other: $41,676
Don Arnold (Line Foreman)
  • Compensation: $137,021
  • Related: $0
  • Other: $38,353
James Andrew Galloway (Cfo)
  • Compensation: $110,833
  • Related: $0
  • Other: $12,465
Eddie Howard (Ceo)
  • Compensation: $230,064
  • Related: $0
  • Other: $582,117


Official website here: www.ace-power.com

Where can I find the form 990 for Alcorn County Electric Power Associ?

Alcorn County Electric Power Associ's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.ace-power.com

Learn more at the official website: www.ace-power.com

Mission Statement of Alcorn County Electric Power Associ

Alcorn County Electric Power Associ, a vital nonprofit organization, is dedicated to providing electricity to its approximately 19,000 customers and members in their community. This mission is at the heart of Alcorn County Electric Power Associ's operations, aiming to ensure uninterrupted power supply for residences and businesses within its reach. By delivering reliable electricity, the organization plays a significant role in enhancing the quality of life for its members and contributing to the socio-economic development of the area. Alcorn County Electric Power Associ's commitment extends beyond simply providing electricity; it's about empowering its community with the essential energy needed to thrive.

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Impact




October, 2024

Alcorn County Electric Power Association plays a crucial role in delivering reliable electricity to approximately 19,000 customers in the Alcorn County area of Mississippi. By providing essential electrical services, they support local residents and businesses, facilitating economic development and improving quality of life for the community. Their mission focuses on ensuring that members have access to consistent and affordable power, which is vital for daily activities, educational opportunities, and local economic stability. The association's presence helps to foster a connected and thriving community in Corinth and surrounding areas.




This information is meant to be a general summary of Alcorn County Electric Power Associ. 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.

Revenue
$21,306,636 (2023)
Expenses
$18,435,950 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $297,585
  • Program Service Revenue: $468,244
  • Gross Receipts: $68,587,592

Assets and Liabilities:

  • Total Assets: $110,907,490
  • Total Liabilities: $38,553,660
  • Net Assets: $72,353,830

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

FORFEITED DISCOUNTS

Revenue

$290,153

SERVICE REVENUE

Revenue

$178,091

Organization Details

Founding Year

1934

Principal Officer

James Andrew Galloway

Main Address

P O BOX 1590, CORINTH, MS, 38835

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