Buckeye Power Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 310676582 ✦ Columbus, OH ✦ Designated as a 501(c)(12)

Overview

What is Buckeye Power Inc?

Buckeye Power Inc, headquartered in Columbus, Ohio, is a not-for-profit electric generation and transmission cooperative. With a team of 79 employees, Buckeye provides wholesale electric service to 25 member cooperatives, all of which are engaged in the sale of electricity within the State of Ohio. Buckeye's mission is to deliver stably and competitively priced economical and highly reliable wholesale power to its members, ensuring the benefits extend to their communities. As a cooperative, Buckeye operates on a collaborative basis, with a focus on supplying power efficiently and effectively for its members.


Is Buckeye Power Inc legitimate?

Buckeye Power Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Buckeye Power 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,037,213

For more financial information, click here


What is the mission statement of Buckeye Power Inc?
Who is the CEO of Buckeye Power Inc?
What is the revenue of Buckeye Power Inc?
Who are the executives of Buckeye Power Inc and what are their salaries?

The average compensation at Buckeye Power Inc during 2023 was $76,420. There are 79 employees at Buckeye Power Inc.

Here are 43 key members and their salaries (Buckeye Power Inc's CEO's salary is $1,950,699 and their total compensation is $2,524,457):


Where can I find the form 990 for Buckeye Power Inc?

Mission Statement of Buckeye Power Inc

Buckeye Power Inc, a not-for-profit electric generation and transmission cooperative, is dedicated to delivering stable and competitively priced economical power to its member cooperatives and their communities. The cooperative, headquartered in Columbus, Ohio, operates on a cooperative basis to provide reliable wholesale electric service to its 25 members across the state. Buckeye Power's mission is to ensure a consistent and affordable energy supply for its members, thereby contributing to the overall well-being of their communities. The cooperative's primary focus is on providing economical and reliable wholesale power that benefits its members, aiming for a sustainable energy future. By leveraging its resources and expertise, Buckeye Power Inc is able to meet the unique energy needs of its diverse membership, ensuring a stable and secure energy infrastructure for all.

Impact

This information is meant to be a general summary of Buckeye Power Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Buckeye Power Inc's impact can be seen in its delivery of stable and competitively priced wholesale power to its members, which consist of all the electric distribution cooperatives in the State of Ohio. By providing reliable and affordable electricity, Buckeye Power Inc contributes to the well-being of its members and their communities. This impact helps to support economic development, enhance quality of life, and ensure a dependable source of energy for residents and businesses in Ohio.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $1,525,773
  • Program Service Revenue: $825,996,768
  • Gross Receipts: $832,696,275

    • Assets and Liabilities:
  • Total Assets: $1,688,219,536
  • Total Liabilities: $1,166,829,052
  • Net Assets: $521,390,484
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Utilities

    Revenue

    $825,996,768

    Organization Details

    Founding Year

    1949

    Principal Officer

    Craig Grooms

    Main Address

    6677 BUSCH BLVD, COLUMBUS, OH, 432291101

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Buckeye Power Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.