Overview
What is Southwest Louisiana Electric Membership Corporation?
Southwest Louisiana Electric Membership Corporation, based in Lafayette, Louisiana, is a cooperative electric utility company. With a mission to distribute electric services cooperatively to its members, the organization ensures the community's access to reliable power. As a cooperative, they prioritize the needs and involvement of their members in the decision-making process, creating a strong sense of community. By providing electric services on a cooperative basis, they foster a collaborative environment and promote sustainable energy solutions for the region.
What are the reviews and ratings of this charity?
Southwest Louisiana Electric Membership Corporation is not currently rated by Charity Navigator. This is primarily because it is not a 501(c)(3) IRS registered nonprofit, which limits the available evaluation criteria such as Accountability & Finance, Impact & Measurement, Culture & Community, and Leadership & Adaptability through Charity Navigator. The absence of a rating should not be interpreted as either positive or negative, as it simply reflects the organization’s ineligibility for this specific platform’s evaluation.
The organization operates independently, unaffiliated with any larger national or regional nonprofit network. Information on its total revenue, expenses, and salaries of key personnel is not available, which further constrains comprehensive financial analysis. Despite these limitations, the organization's historical rating, which reflected components of today’s Accountability and Finance score, offers some insights that were previously gathered.
There are no reviews on GreatNonprofits for Southwest Louisiana Electric Membership Corporation at this time. As such, the perspectives and experiences of individuals directly interacting with the organization remain undocumented in this context.
This AI summary has been generated from information found on Charity Navigator.
Is Southwest Louisiana Electric Membership Corporation legitimate?
Southwest Louisiana Electric Membership Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Southwest Louisiana 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: $2,103,932
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,800,606
For more financial information, click here
What is the mission statement of Southwest Louisiana Electric Membership Corporation?
Southwest Louisiana Electric Membership Corporation functions as a cooperative electric utility, delivering power to its members in a collaborative manner. The organization's primary activity revolves around the distribution of electric service. In simple terms, Southwest Louisiana Electric Membership Corporation serves as a power provider for its cooperative members. In their pursuit to effectively meet the electricity needs of their members, they ensure a reliable and consistent electric service. The corporation emphasizes the importance of community and cooperation within its operations.
Who is the CEO of Southwest Louisiana Electric Membership Corporation?
Glenn A Tamporello is the Assistant Gm of Southwest Louisiana Electric Membership Corporation.
What is the revenue of Southwest Louisiana Electric Membership Corporation?
Southwest Louisiana Electric Membership Corporation's revenue in 2022 was $295,781,574.
Who are the executives of Southwest Louisiana Electric Membership Corporation and what are their salaries?
The average compensation at Southwest Louisiana Electric Membership Corporation during 2022 was $51,218. There are 291 employees at Southwest Louisiana Electric Membership Corporation.
Here are 22 key members and their salaries:
- Compensation: $276,390
- Related: $0
- Other: $210,610
- Compensation: $417,674
- Related: $0
- Other: $39,431
- Compensation: $204,622
- Related: $0
- Other: $99,200
- Compensation: $260,525
- Related: $0
- Other: $35,029
- Compensation: $165,773
- Related: $0
- Other: $69,046
- Compensation: $131,655
- Related: $0
- Other: $90,652
- Compensation: $187,158
- Related: $0
- Other: $29,700
- Compensation: $137,116
- Related: $0
- Other: $55,569
- Compensation: $136,153
- Related: $0
- Other: $52,976
- Compensation: $133,266
- Related: $0
- Other: $52,495
- Compensation: $42,562
- Related: $0
- Other: $0
- Compensation: $40,525
- Related: $0
- Other: $0
- Compensation: $34,989
- Related: $0
- Other: $0
- Compensation: $34,754
- Related: $0
- Other: $0
- Compensation: $33,605
- Related: $0
- Other: $0
- Compensation: $33,567
- Related: $0
- Other: $0
- Compensation: $31,708
- Related: $0
- Other: $0
- Compensation: $30,909
- Related: $0
- Other: $0
- Compensation: $30,827
- Related: $0
- Other: $0
- Compensation: $20,438
- Related: $0
- Other: $0
- Compensation: $4,258
- Related: $0
- Other: $0
- Compensation: $3,491
- Related: $0
- Other: $0
Where can I find the form 990 for Southwest Louisiana Electric Membership Corporation?
Southwest Louisiana Electric Membership Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Southwest Louisiana Electric Membership Corporation
Southwest Louisiana Electric Membership Corporation, also known as SLEMC, is a cooperative electric utility that serves a community in Louisiana. Its primary purpose is to provide electric power to its members on a cooperative basis. In simpler terms, SLEMC is an organization that distributes electricity to its members in a collaborative manner.
SLEMC's mission goes beyond just providing electricity. Its aim is to deliver this essential service in a cooperative manner, which means that its members are active participants in the organization's operations. This unique business model ensures that the cooperative is run for the benefit of its members, rather than for profit. SLEMC's commitment to its members is reflected in its dedication to providing reliable and affordable electric service. It strives to maintain a strong electrical infrastructure and invests in technology to improve its services and meet the evolving energy needs of its community.
Moreover, SLEMC's cooperative nature also extends to its engagement with its members. It fosters a sense of community and encourages members to be involved in the organization's decision-making processes. This not only strengthens the bond between the cooperative and its members but also ensures that the organization stays responsive to the needs of its community. SLEMC's collaborative approach to electric service distribution sets it apart as a community-focused organization that puts its members first.
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Impact
October, 2024
Southwest Louisiana Electric Membership Corporation plays a crucial role in delivering electric service to the community in Lafayette, LA. By operating as an electric cooperative, it prioritizes the needs of its members, ensuring that electricity is not only accessible but also affordable. The cooperative model fosters a sense of community ownership and involvement, as members have a say in the management and direction of the service they receive.
This organization focuses on equitable distribution, ensuring reliable power supply which is essential for residential, business, and community operations. In addition to providing electricity, it likely supports local initiatives and engages in community development, contributing to the overall well-being and advancement of Lafayette and the surrounding areas. Through its operations, Southwest Louisiana Electric Membership Corporation embodies a commitment to public benefit, enhancing the quality of life for its members.
This information is meant to be a general summary of Southwest Louisiana 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 2022.
- Investment Income: $1,427,981
- Program Service Revenue: $293,882,456
- Gross Receipts: $295,961,084
Assets and Liabilities:
- Total Assets: $535,248,299
- Total Liabilities: $253,484,466
- Net Assets: $281,763,833
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF ELECTRICITY
Revenue
$293,882,456
Organization Details
Founding Year
1937
Phone
(337) 896-5384Principal Officer
Glenn A Tamporello
Main Address
2727 SE EVANGELINE THRUWAY, LAFAYETTE, LA, 70508
NTEE Category
Code: W80 - Public benefit
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