Overview
What is Cooperative Energy?
Cooperative Energy is a consumer-owned, non-profit organization based in Hattiesburg, Mississippi. Their primary mission is to provide affordable and reliable electric energy to 11 member cooperatives, collectively serving approximately 448,535 meters in Mississippi. Operating as a cohesive unit, Cooperative Energy and the member systems transmit wholesale electricity through generation and purchase. In the year 2022, they supplied 10,368,614 MWH of energy to the 11 member cooperatives. The organization's workforce comprises 567 employees dedicated to ensuring energy accessibility for their cooperative members and their retail consumers.
Official website here: www.cooperativeenergy.com
Is Cooperative Energy legitimate?
Cooperative Energy is a legitimate nonprofit organization registered as a 501(c)(12) entity. Cooperative Energy 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: $5,484,263
Professional Fundraising Fees: $0
Other Salaries and Wages: $46,741,245
For more financial information, click here
Official website here: www.cooperativeenergy.com
What is the mission statement of Cooperative Energy?
Cooperative Energy's mission is centered around providing and transmitting electricity wholesale to eleven member owner cooperatives. These cooperatives, in turn, serve retail consumers. Through the generation and purchase of electric energy, Cooperative Energy aims to ensure the delivery of affordable and reliable electricity to these member cooperatives. Collectively, the cooperatives serve approximately 448,535 meters. Cooperative Energy and the eleven member systems operate as consumer-owned, non-profit businesses. In the year 2022, Cooperative Energy supplied its member systems with a total of 10,368,614 megawatt-hours (MWh) of energy.
Official website here: www.cooperativeenergy.com
Who is the CEO of Cooperative Energy?
Jeff Bowman is the CEO of Cooperative Energy The CEO's salary of Cooperative Energy is $916,889 and their total compensation is $1,129,992.
Official website here: www.cooperativeenergy.com
What is the revenue of Cooperative Energy?
Cooperative Energy's revenue in 2023 was $1,009,490,161.
Official website here: www.cooperativeenergy.com
Who are the executives of Cooperative Energy and what are their salaries?
The average compensation at Cooperative Energy during 2023 was $91,946. There are 568 employees at Cooperative Energy.
Here are 35 key members and their salaries (Cooperative Energy's CEO's salary is $916,889 and their total compensation is $1,129,992):
- Compensation: $916,889
- Related: $0
- Other: $213,103
- Compensation: $328,916
- Related: $0
- Other: $114,731
- Compensation: $332,568
- Related: $0
- Other: $108,708
- Compensation: $297,797
- Related: $0
- Other: $93,550
- Compensation: $296,104
- Related: $0
- Other: $87,812
- Compensation: $330,138
- Related: $0
- Other: $165,266
- Compensation: $255,510
- Related: $0
- Other: $126,234
- Compensation: $212,064
- Related: $0
- Other: $64,904
- Compensation: $209,882
- Related: $0
- Other: $93,360
- Compensation: $205,147
- Related: $0
- Other: $76,755
- Compensation: $33,901
- Related: $0
- Other: $0
- Compensation: $32,800
- Related: $0
- Other: $0
- Compensation: $34,943
- Related: $0
- Other: $0
- Compensation: $34,693
- Related: $0
- Other: $0
- Compensation: $33,903
- Related: $0
- Other: $0
- Compensation: $33,561
- Related: $0
- Other: $0
- Compensation: $17,464
- Related: $0
- Other: $0
- Compensation: $34,488
- Related: $0
- Other: $0
- Compensation: $32,400
- Related: $0
- Other: $0
- Compensation: $34,800
- Related: $0
- Other: $0
- Compensation: $31,200
- Related: $0
- Other: $0
- Compensation: $34,142
- Related: $0
- Other: $0
- Compensation: $32,400
- Related: $0
- Other: $0
- Compensation: $34,000
- Related: $0
- Other: $0
- Compensation: $32,800
- Related: $0
- Other: $0
- Compensation: $32,274
- Related: $0
- Other: $0
- Compensation: $15,269
- Related: $0
- Other: $0
- Compensation: $41,803
- Related: $0
- Other: $0
- Compensation: $33,644
- Related: $0
- Other: $0
- Compensation: $34,981
- Related: $0
- Other: $0
- Compensation: $33,218
- Related: $0
- Other: $0
- Compensation: $34,532
- Related: $0
- Other: $0
- Compensation: $32,000
- Related: $0
- Other: $0
- Compensation: $32,070
- Related: $0
- Other: $0
- Compensation: $33,330
- Related: $0
- Other: $0
Official website here: www.cooperativeenergy.com
Where can I find the form 990 for Cooperative Energy?
Cooperative Energy's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cooperativeenergy.com
Learn more at the official website: www.cooperativeenergy.com
Mission Statement of Cooperative Energy
Cooperative Energy, a consumer-owned, non-profit organization, is dedicated to providing and transmitting wholesale electricity to 11 member cooperatives, each serving retail consumers in various communities. The mission of Cooperative Energy is to ensure the delivery of affordable and reliable electric energy to these member cooperatives. In total, these cooperatives provide electricity to approximately 448,535 meters across Mississippi. Throughout the year 2022, Cooperative Energy successfully transmitted 10,368,614 MWH of energy to its member systems. By generating and purchasing electricity, Cooperative Energy plays a crucial role in ensuring a consistent electric supply for the communities it serves.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Cooperative Energy plays a significant role in delivering affordable and reliable electric energy to its member cooperatives, which serve approximately 448,535 retail consumers in Mississippi. By generating and purchasing electricity, Cooperative Energy provides a substantial volume of energy—over 10 million megawatt-hours—in 2022 alone. This not only ensures a reliable power supply for the communities it serves but also supports economic fairness and accessibility to essential services.
The organization operates on a model that prioritizes consumer ownership, allowing for greater accountability and responsiveness to the needs and concerns of the communities it serves. By collaborating with 11 member cooperatives, Cooperative Energy fosters a collective approach to energy management, enhancing resource efficiency and driving down costs. Ultimately, its commitment to providing wholesale electricity contributes to the overall well-being of the region, ensuring that the energy needs of its members are met sustainably and equitably.
This information is meant to be a general summary of Cooperative Energy. 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: $1,517,712
- Program Service Revenue: $1,007,193,915
- Gross Receipts: $1,009,490,161
Assets and Liabilities:
- Total Assets: $2,189,288,268
- Total Liabilities: $1,734,169,456
- Net Assets: $455,118,812
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REVENUE FROM MEMBERS
Revenue
$820,313,233
REVENUE FROM NON-MEMBERS
Revenue
$186,572,749
PROGRAM RELATED INVESTMENTS
Revenue
$307,933
Organization Details
Founding Year
1941
Principal Officer
Jeff Bowman
Website
www.cooperativeenergy.comNTEE Category
Code: W80 - Public benefit
If you are a representative of Cooperative Energy and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.