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.
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 not tax deductible.
Here 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
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.
Impact
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.
Thursday, August 15, 2024
Southwest Louisiana Electric Membership Corporation provides a vital service by distributing electric power to its members in Lafayette, LA. This ensures access to electricity for both residential and commercial properties in the area. By operating on a cooperative basis, Southwest Louisiana Electric Membership Corporation allows its members to have a say in how the organization is run and ensures that the community's needs are prioritized. This fosters a sense of community ownership and empowerment among its members. Additionally, the availability of reliable electricity supports economic development and enhances the quality of life for residents in Lafayette and the surrounding areas.
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.
- Assets and Liabilities:
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) 896-5384
Principal Officer
Glenn A Tamporello
Main Address
2727 SE EVANGELINE THRUWAY, LAFAYETTE, LA, 70508
NTEE Category
Code: W80 - Public benefit
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