Overview
What is Southwest Mississippi Electric Power Association?
The Southwest Mississippi Electric Power Association, located in Lorman, MS, is a member-owned electric cooperative serving as a public utility. Their primary mission is to distribute electric power to their membership base, ensuring safety and reliability. This nonprofit organization is dedicated to delivering essential electric services to its community.
Official website here: www.southwestelectric.coop
What are the reviews and ratings of this charity?
Southwest Mississippi Electric Power Association is not currently rated by Charity Navigator. The lack of a rating is due to the absence of required data, such as an Accountability & Finance beacon or an Impact & Measurement beacon, necessary for evaluation. It is important to note that the absence of a rating does not reflect negatively or positively on the organization but merely indicates that an evaluation has not been conducted.
Charity Navigator historically focused on aspects that reflect today's Accountability and Finance score, which pertain to an organization's financial health, accountability, and transparency. However, revenue and expense data, as well as salary information for key persons, are not available for this organization. As Southwest Mississippi Electric Power Association is registered independently but not as a 501(c)(3), this limits the extent of its evaluation on platforms like Charity Navigator which focuses on tax-exempt, donation-eligible nonprofits.
No user reviews are available from GreatNonprofits for Southwest Mississippi Electric Power Association. This absence of public feedback limits insights into personal experiences and satisfaction levels among those who interact with the organization or use its services.
This AI summary has been generated from information found on Charity Navigator.
Is Southwest Mississippi Electric Power Association legitimate?
Southwest Mississippi Electric Power Association is a legitimate nonprofit organization registered as a 501(c)(12) entity. Southwest Mississippi Electric Power Association 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: $626,585
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.southwestelectric.coop
What is the mission statement of Southwest Mississippi Electric Power Association?
The Southwest Mississippi Electric Power Association is a member-owned cooperative dedicated to delivering electric power to its community. Based in Mississippi, this public utility's mission revolves around ensuring the reliable and safe distribution of electricity to its members. By prioritizing the needs of its community, the Southwest Mississippi Electric Power Association strives to enhance the quality of life for its customers through the provision of uninterrupted electric service. The cooperative's commitment to safety and reliability translates to a strong focus on maintaining its power infrastructure while adhering to industry regulations and standards. Additionally, the association may engage in various programs aimed at enhancing energy efficiency and sustainability for its members.
Official website here: www.southwestelectric.coop
Who is the CEO of Southwest Mississippi Electric Power Association?
Kevin Bonds is the CEO of Southwest Mississippi Electric Power Association The CEO's salary of Southwest Mississippi Electric Power Association is $315,045 and their total compensation is $388,175.
Official website here: www.southwestelectric.coop
What is the revenue of Southwest Mississippi Electric Power Association?
Southwest Mississippi Electric Power Association's revenue in 2024 was $65,708,431.
Official website here: www.southwestelectric.coop
Who are the executives of Southwest Mississippi Electric Power Association and what are their salaries?
The average compensation at Southwest Mississippi Electric Power Association during 2024 was $6,596. There are 95 employees at Southwest Mississippi Electric Power Association.
Here are 17 key members and their salaries (Southwest Mississippi Electric Power Association's CEO's salary is $315,045 and their total compensation is $388,175):
- Compensation: $315,045
- Related: $0
- Other: $73,130
- Compensation: $178,064
- Related: $0
- Other: $37,972
- Compensation: $145,723
- Related: $0
- Other: $42,270
- Compensation: $149,962
- Related: $0
- Other: $28,709
- Compensation: $129,819
- Related: $0
- Other: $44,018
- Compensation: $126,394
- Related: $0
- Other: $37,256
- Compensation: $130,315
- Related: $0
- Other: $29,311
- Compensation: $13,500
- Related: $0
- Other: $286
- Compensation: $8,700
- Related: $0
- Other: $336
- Compensation: $7,500
- Related: $0
- Other: $336
- Compensation: $7,200
- Related: $0
- Other: $336
- Compensation: $6,900
- Related: $0
- Other: $336
- Compensation: $6,900
- Related: $0
- Other: $336
- Compensation: $6,600
- Related: $0
- Other: $336
- Compensation: $6,600
- Related: $0
- Other: $150
- Compensation: $6,000
- Related: $0
- Other: $336
- Compensation: $5,900
- Related: $0
- Other: $196
Official website here: www.southwestelectric.coop
Where can I find the form 990 for Southwest Mississippi Electric Power Association?
Southwest Mississippi Electric Power Association's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.southwestelectric.coop
Learn more at the official website: www.southwestelectric.coop
Mission Statement of Southwest Mississippi Electric Power Association
Southwest Mississippi Electric Power Association, a member-owned electric cooperative, is dedicated to delivering electric power to its members with a commitment to safety and reliability. Established as a public utility, this organization's mission is to distribute electricity effectively and efficiently to its community of member owners.
The Southwest Mississippi Electric Power Association goes beyond just providing electricity. It prioritizes the needs of its members and works hard to ensure a consistent power supply. The cooperative's programs reflect its dedication to its members, with a focus on delivering power that is both safe and dependable. The cooperative's team of professionals works tirelessly to maintain the electrical infrastructure and respond promptly to any power outages or emergencies.
In summary, the Southwest Mississippi Electric Power Association is an essential part of its community, providing an essential service to its member owners. Its mission is rooted in a commitment to safety, reliability, and member satisfaction. Through its programs, the cooperative strives to meet the evolving needs of its members, ensuring a brighter future for all.
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Impact
October, 2024
Southwest Mississippi Electric Power Association plays a crucial role in delivering safe and reliable electric service to its member-owners in Lorman, MS. As a member-owned electric cooperative, it prioritizes the needs of its community, ensuring that residents have access to essential power services. The association's commitment to reliability is vital for supporting local homes and businesses, fostering economic growth in the region. By focusing on member interests, it cultivates a sense of community and enhances the quality of life for those it serves, all while maintaining a strong dedication to safety in its operations.
This information is meant to be a general summary of Southwest Mississippi Electric Power Association. 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 2024.
- Investment Income: $193,437
- Program Service Revenue: $64,179,373
- Gross Receipts: $65,708,431
Assets and Liabilities:
- Total Assets: $131,108,590
- Total Liabilities: $63,716,276
- Net Assets: $67,392,314
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OPERATING REVENUES-MEMBER
Revenue
$63,474,152
QUALIFIED POLE RENTAL INCOME
Revenue
$705,221
Organization Details
Founding Year
1937
Principal Officer
Kevin Bonds
Website
www.southwestelectric.coopNTEE Category
Code: W80 - Public benefit
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