Overview
What is Dixie Electric Membership Corporation?
Dixie Electric Membership Corporation, based in Baton Rouge, Louisiana, is a nonprofit cooperative dedicated to delivering quality and reliable electric energy to its members. With 115,977 active services at year end, DEMCO's mission is to enhance the quality of life for members by providing safe, efficient, and competitively priced energy services. The cooperative focuses on community engagement, employing 279 individuals to ensure the allocation of patronage capital and the provision of essential electric services.
Official website here: www.demco.org
What are the reviews and ratings of this charity?
Dixie Electric Membership Corporation is currently not rated by Charity Navigator. This is primarily because the organization does not qualify as a 501(c)(3) IRS registered nonprofit, which is a requirement for evaluation. Consequently, while its nonprofit operations might offer valuable community services, it lacks the traditional financial transparency and accountability assessment provided by Charity Navigator's rating system.
The absence of a rating does not necessarily imply any negative aspects; rather, it reflects the organizational type and classification as independent and not aligned with national or regional nonprofit groups. Historical evaluations have focused on Accountability and Finance, but these metrics cannot be applied due to its classification.
No user reviews are available on GreatNonprofits to supplement this view with personal insights from the community or stakeholders. Thus, the overall assessment is limited to structural limitations in evaluation and classification.
This AI summary has been generated from information found on Charity Navigator.
Is Dixie Electric Membership Corporation legitimate?
Dixie Electric Membership Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Dixie Electric Membership Corporation 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: $1,868,955
Professional Fundraising Fees: $0
Other Salaries and Wages: $16,631,524
For more financial information, click here
Official website here: www.demco.org
What is the mission statement of Dixie Electric Membership Corporation?
Dixie Electric Membership Corporation is dedicated to providing quality and reliable electric service to its cooperative members. The organization prioritizes enhancing the quality of life for its members by ensuring the delivery of safe and competitively priced energy services. Through cooperative efforts, DEMCO allocates patronage capital to provide electric energy to its active services, which totaled 115,977 at the end of the year.
Official website here: www.demco.org
Who is the CEO of Dixie Electric Membership Corporation?
Randall Pierce is the CEO of Dixie Electric Membership Corporation The CEO's salary of Dixie Electric Membership Corporation is $457,241 and their total compensation is $644,532.
Official website here: www.demco.org
What is the revenue of Dixie Electric Membership Corporation?
Dixie Electric Membership Corporation's revenue in 2023 was $255,138,584.
Official website here: www.demco.org
Who are the executives of Dixie Electric Membership Corporation and what are their salaries?
The average compensation at Dixie Electric Membership Corporation during 2023 was $64,687. There are 286 employees at Dixie Electric Membership Corporation.
Here are 22 key members and their salaries (Dixie Electric Membership Corporation's CEO's salary is $457,241 and their total compensation is $644,532):
- Compensation: $38,603
- Related: $0
- Other: $0
- Compensation: $36,265
- Related: $0
- Other: $0
- Compensation: $17,988
- Related: $0
- Other: $0
- Compensation: $39,978
- Related: $0
- Other: $0
- Compensation: $34,278
- Related: $0
- Other: $0
- Compensation: $38,628
- Related: $0
- Other: $0
- Compensation: $22,534
- Related: $0
- Other: $0
- Compensation: $11,175
- Related: $0
- Other: $0
- Compensation: $33,865
- Related: $0
- Other: $0
- Compensation: $16,388
- Related: $0
- Other: $0
- Compensation: $20,267
- Related: $0
- Other: $0
- Compensation: $9,975
- Related: $0
- Other: $0
- Compensation: $21,467
- Related: $0
- Other: $0
- Compensation: $457,241
- Related: $0
- Other: $187,291
- Compensation: $208,177
- Related: $0
- Other: $62,873
- Compensation: $162,603
- Related: $0
- Other: $157,236
- Compensation: $178,525
- Related: $0
- Other: $113,598
- Compensation: $183,851
- Related: $0
- Other: $64,689
- Compensation: $170,376
- Related: $0
- Other: $9,774
- Compensation: $166,353
- Related: $0
- Other: $52,798
- Compensation: $157,751
- Related: $0
- Other: $82,439
- Compensation: $148,540
- Related: $0
- Other: $32,045
Official website here: www.demco.org
Where can I find the form 990 for Dixie Electric Membership Corporation?
Dixie Electric Membership Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.demco.org
Learn more at the official website: www.demco.org
Mission Statement of Dixie Electric Membership Corporation
Dixie Electric Membership Corporation, or DEMCO, is dedicated to delivering quality and reliable electric services to its cooperative members. By focusing on enhancing the quality of life for its members, DEMCO goes beyond just providing energy. It ensures that the energy served is safe, dependable, and competitively priced.
DEMCO's mission is geared towards cooperatively providing electric energy to its members. This cooperative model allows for the allocation of patronage capital, a unique aspect of the business. At the end of the year, there were 115,977 active services under DEMCO's umbrella.
By prioritizing the needs of its members, DEMCO strives to create a strong and sustainable energy infrastructure. This commitment to member satisfaction and service reliability sets DEMCO apart in the energy industry. The cooperative's mission is not just about electricity; it's about improving the everyday lives of those it serves.
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Impact
October, 2024
Dixie Electric Membership Corporation (DEMCO) significantly impacts its community by delivering quality and reliable electric service to its members. With 115,977 active services, DEMCO plays a crucial role in meeting the energy needs of households and businesses in Baton Rouge, Louisiana, and the surrounding areas.
By focusing on the cooperative model, DEMCO ensures that energy is provided with an emphasis on community benefit and member satisfaction. The allocation of patronage capital allows members to share in the cooperative’s success, fostering a sustainable and economically viable model for energy distribution.
DEMCO’s mission to enhance the quality of life for its members is evident in its commitment to safe, reliable, and competitively priced energy services. This impact extends beyond just electricity; it helps support local economies, improve living conditions, and promote overall community wellbeing. By prioritizing member needs, DEMCO reinforces its role as a vital resource for the residents it serves.
This information is meant to be a general summary of Dixie Electric Membership Corporation. 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: $213,061
- Program Service Revenue: $253,473,042
- Gross Receipts: $255,138,584
Assets and Liabilities:
- Total Assets: $737,870,324
- Total Liabilities: $618,576,049
- Net Assets: $119,294,275
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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
$248,553,434
SERVICE FEES
Revenue
$3,616,222
PATRONAGE DIVIDENDS
Revenue
$1,303,386
Organization Details
Founding Year
1938
Principal Officer
Randall Pierce
Website
www.demco.orgNTEE Category
Code: W80 - Public benefit
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