Overview
What is South Central Arkansas Electric Cooperative Inc?
South Central Arkansas Electric Cooperative Inc is a nonprofit organization headquartered in Arkadelphia, Arkansas. Their primary focus is providing electric distribution services to their members at a minimal cost. According to the information, they sold 245 million kWh of electric energy to approximately 10,419 consumers in the past. Their operations are regulated by the Arkansas Public Service Commission to ensure fair and cost-effective service provision. South Central Arkansas Electric Cooperative Inc employs a team of 52 individuals to carry out their mission.
Official website here: www.scaec.com
Is South Central Arkansas Electric Cooperative Inc legitimate?
South Central Arkansas Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. South Central Arkansas 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $425,430
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of South Central Arkansas Electric Cooperative Inc?
South Central Arkansas Electric Cooperative Inc is dedicated to providing electric distribution to its members at minimal costs. The cooperative sells significant amounts of electric energy, with 245,144,126 kWh sold on average to around 10,419 consumers. The organization's primary focus is to ensure that the revenue from sales covers only the essential costs for electric distribution. The Arkansas Public Service Commission regulates its rates, ensuring that the cooperative operates without a planned profit. The mission of South Central Arkansas Electric Cooperative Inc is to deliver electricity affordably and efficiently to its membership.
Official website here: www.scaec.com
Who is the CEO of South Central Arkansas Electric Cooperative Inc?
Colby Wells is the Ceo of South Central Arkansas Electric Cooperative Inc. The CEO's salary of South Central Arkansas Electric Cooperative Inc is $181,633 and their total compensation is $219,159.
Official website here: www.scaec.com
What is the revenue of South Central Arkansas Electric Cooperative Inc?
South Central Arkansas Electric Cooperative Inc's revenue in 2021 was $35,113,922.
Official website here: www.scaec.com
Who are the executives of South Central Arkansas Electric Cooperative Inc and what are their salaries?
The average compensation at South Central Arkansas Electric Cooperative Inc during 2021 was $8,181. There are 52 employees at South Central Arkansas Electric Cooperative Inc.
Here are 12 key members and their salaries (South Central Arkansas Electric Cooperative Inc's CEO's salary is $181,633 and their total compensation is $219,159):
- Colby Wells (Ceo)
- Walter Ivy (Operations Coord)
- Jeremy Leamons (Lineman)
- Shelly Loe (Director)
- Brian Kirksey (President) [Trustee/Director]
- Karen Kirkpatrick (Secretary/Treas) [Trustee/Director]
- Ricky Francis (Director)
- Danny Buck (Director)
- Ronnie Penney (Vice President) [Trustee/Director]
- Scott Clark (Director)
- Tim Trout (Secretary/Treas) [Trustee/Director]
- Mark Batson (Director)
Official website here: www.scaec.com
Where can I find the form 990 for South Central Arkansas Electric Cooperative Inc?
The South Central Arkansas Electric Cooperative Inc’s most recent form 990 was submitted in 2021 and can be accessed here
Official website here: www.scaec.com
Learn more at the official website: www.scaec.com
Mission Statement of South Central Arkansas Electric Cooperative Inc
South Central Arkansas Electric Cooperative Inc, a mission-driven organization, is dedicated to delivering electric power to its members at the most minimal cost possible. By selling an impressive 245,144,126 kWh of electricity to an average of 10,419 consumers, the cooperative ensures that its primary purpose is upheld.
The cooperative's financial structure is unique, with revenue from electric energy sales exclusively used to cover the essential costs of electric distribution. This business model, which is the foundation of the cooperative, is regulated by the Arkansas Public Service Commission. The commission strictly ensures that the rates charged to members cover the costs of providing the service, eliminating any planned profit. In essence, South Central Arkansas Electric Cooperative Inc exists to serve its community members with affordable and reliable electric power.
Impact
This information is meant to be a general summary of South Central Arkansas Electric Cooperative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
South Central Arkansas Electric Cooperative Inc's impact lies in providing essential electric distribution services to its members at a minimal cost. By selling over 245 million kWh of electricity to an average of 10,419 consumers, the cooperative plays a crucial role in ensuring access to reliable power for its community in Arkadelphia, Arkansas. Notably, its revenue model is structured in a way that only covers the necessary expenses for providing this service, reflecting its commitment to operating for the benefit of its members rather than for profit. Regulated by the Arkansas Public Service Commission, the cooperative's rates are set to precisely cover the costs of service provision, demonstrating a focus on affordability and accessibility for its members. Overall, South Central Arkansas Electric Cooperative Inc's impact is characterized by its dedication to meeting the electricity needs of its community in a sustainable and cost-effective manner.
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 2021.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Sales-electric energy
Revenue
$27,011,842
Organization Details
Founding Year
1941
Phone
(870) 246-6701
Principal Officer
Colby Wells
Main Address
PO Box 476, Arkadelphia, AR, 71923
Website
www.scaec.com
NTEE Category
Code: W80 - Public benefit
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