Overview
What is Mid-South Electric Cooperative Association?
Mid-South Electric Cooperative Association is a nonprofit organization headquartered in Navasota, Texas. With a total workforce of 207 employees, they provide electric energy to their cooperative members on a cooperative basis, distributing patronage capital. Their mission is to deliver quality and reliable electric service to the cooperative's members and offer additional services such as water, wastewater, internet, and solar energy. The association aims to enhance the quality of life and economic health in the Mid-South Synergy Service Area by providing essential services at reasonable prices. Mid-South Electric Cooperative Association served 37,252 active services at the year end.
Official website here: www.midsouthsynergy.com
Is Mid-South Electric Cooperative Association legitimate?
Mid-South Electric Cooperative Association is a legitimate nonprofit organization registered as a 501(c)(12) entity. Mid-South Electric Cooperative Association 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: $3,774,570
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,379,588
For more financial information, click here
Official website here: www.midsouthsynergy.com
What is the mission statement of Mid-South Electric Cooperative Association?
The Mid-South Electric Cooperative Association is dedicated to delivering quality and reliable electric service to its cooperative members. Their mission extends beyond electricity, as they also provide water, wastewater, internet, and solar services. The cooperative aims to enhance the quality of life and economic health of the community by bringing essential services at reasonable prices. Through a cooperative business model, they allocate patronage capital to provide electric energy to their members. At the end of the year, there were 37,252 active services being provided by the cooperative and its subsidiaries.
Official website here: www.midsouthsynergy.com
Who is the CEO of Mid-South Electric Cooperative Association?
Kerry Kelton is the General Manager/Ceo of Mid-South Electric Cooperative Association. The CEO's salary of Mid-South Electric Cooperative Association is $442,544 and their total compensation is $595,545.
Official website here: www.midsouthsynergy.com
What is the revenue of Mid-South Electric Cooperative Association?
Mid-South Electric Cooperative Association's revenue in 2022 was $151,349,587.
Official website here: www.midsouthsynergy.com
Who are the executives of Mid-South Electric Cooperative Association and what are their salaries?
The average compensation at Mid-South Electric Cooperative Association during 2022 was $39,392. There are 207 employees at Mid-South Electric Cooperative Association.
Here are 25 key members and their salaries (Mid-South Electric Cooperative Association's CEO's salary is $442,544 and their total compensation is $595,545):
- Compensation: $13,691
- Related: $0
- Other: $0
- Compensation: $13,913
- Related: $0
- Other: $0
- Compensation: $42,290
- Related: $0
- Other: $0
- Compensation: $18,967
- Related: $0
- Other: $0
- Compensation: $12,916
- Related: $0
- Other: $0
- Compensation: $36,967
- Related: $0
- Other: $0
- Compensation: $21,411
- Related: $0
- Other: $0
- Compensation: $13,932
- Related: $0
- Other: $0
- Compensation: $2,767
- Related: $0
- Other: $0
- Compensation: $442,544
- Related: $0
- Other: $153,001
- Compensation: $293,535
- Related: $0
- Other: $131,757
- Compensation: $292,748
- Related: $0
- Other: $114,438
- Compensation: $235,612
- Related: $0
- Other: $96,044
- Compensation: $243,486
- Related: $0
- Other: $34,808
- Compensation: $246,352
- Related: $0
- Other: $40,951
- Compensation: $227,695
- Related: $0
- Other: $94,824
- Compensation: $177,221
- Related: $0
- Other: $62,292
- Compensation: $165,440
- Related: $0
- Other: $86,606
- Compensation: $152,386
- Related: $0
- Other: $54,707
- Compensation: $187,657
- Related: $0
- Other: $63,612
- Compensation: $149,243
- Related: $0
- Other: $64,540
- Compensation: $147,631
- Related: $0
- Other: $42,803
- Compensation: $141,089
- Related: $0
- Other: $46,671
- Compensation: $139,639
- Related: $0
- Other: $52,820
- Compensation: $137,623
- Related: $0
- Other: $54,324
Official website here: www.midsouthsynergy.com
Where can I find the form 990 for Mid-South Electric Cooperative Association?
Mid-South Electric Cooperative Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.midsouthsynergy.com
Learn more at the official website: www.midsouthsynergy.com
Mission Statement of Mid-South Electric Cooperative Association
Mid-South Electric Cooperative Association, a cooperative dedicated to delivering quality and reliable services, is committed to enhancing the lives of its members. The cooperative and its subsidiaries strive to provide essential services, including electricity, water, wastewater, internet, and solar energy, at reasonable prices. The mission of Mid-South Electric Cooperative Association is to improve both the quality of life and economic health of the community it serves, extending vital services to its members.
Through a cooperative business model, Mid-South Electric Cooperative Association distributes patronage capital, enabling it to provide electric energy efficiently and effectively. At the end of the year, the cooperative counted 37,252 active services, a testament to its dedication and success in meeting the energy needs of its members. The cooperative's efforts extend beyond electricity, as it also offers various other services, ensuring its members have access to necessary amenities for a comfortable and connected lifestyle.
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Impact
October, 2024
Mid-South Electric Cooperative Association plays a crucial role in enhancing the quality of life and economic vitality in its community. By providing reliable electric service to 37,252 active members, the cooperative ensures that families and businesses have access to essential energy resources. Its commitment goes beyond just electricity; the cooperative also offers water, wastewater, internet, and solar services, making it a comprehensive provider of vital utilities.
The allocation of patronage capital allows members to benefit from the cooperative's financial successes, reinforcing a sense of community and shared ownership. Through its diverse range of services and commitment to quality, Mid-South Electric Cooperative Association significantly contributes to the well-being of residents in the Mid-South Synergy service area, supporting both individual households and local economic growth.
This information is meant to be a general summary of Mid-South Electric Cooperative Association. 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: -$75,774
- Program Service Revenue: $150,132,766
- Gross Receipts: $151,657,653
Assets and Liabilities:
- Total Assets: $514,894,894
- Total Liabilities: $369,362,840
- Net Assets: $145,532,054
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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
$136,904,844
BROADBAND REVENUE
Revenue
$10,397,010
PATRONAGE DIVIDENDS
Revenue
$2,149,065
SERVICE FEES
Revenue
$673,512
OTHER PROGRAM REVENUE
Revenue
$8,335
Organization Details
Founding Year
1940
Phone
(936) 825-5100Principal Officer
Kerry Kelton
Main Address
PO BOX 970, NAVASOTA, TX, 778680970
Website
www.midsouthsynergy.comNTEE Category
Code: W80 - Public benefit
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