Overview
What is Semo Electric Cooperative?
Semo Electric Cooperative is a nonprofit organization based in Sikeston, Missouri. With over 65 employees, they provide electricity and fiber-fast internet, TV, and phone services to approximately 16,000 homes, farms, and businesses in the area. The cooperative strives to enhance the lives of its community members by offering safe, reliable, and affordable utilities. Semo Electric Cooperative operates on a tight budget, with power costs making up around 50-60% of their overall expenditures. Despite this, the cooperative remains dedicated to contributing to the local community by paying nearly $900,000 in electric and fiber property taxes each year.
Official website here: www.gosemo.com
Is Semo Electric Cooperative legitimate?
Semo Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Semo Electric Cooperative 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: $391,021
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.gosemo.com
What is the mission statement of Semo Electric Cooperative?
Semo Electric Cooperative strives to enhance people's lives by delivering safe, dependable, and economical electricity, as well as fiber-fast internet, TV, and phone services. The cooperative employs sixty-two individuals and contributes significantly to the local community by paying nearly one million dollars in property taxes for electricity and fiber services annually. By providing essential utilities at affordable prices, Semo Electric Cooperative enriches the lives of over sixteen thousand households, farms, and businesses, despite operating on a tight budget with power costs accounting for around fifty to sixty percent of their overall expenses.
Official website here: www.gosemo.com
Who is the CEO of Semo Electric Cooperative?
Richard Faulkner is the President of Semo Electric Cooperative. The CEO's salary of Semo Electric Cooperative is $247,596 and their total compensation is $363,703.
Official website here: www.gosemo.com
What is the revenue of Semo Electric Cooperative?
Who are the executives of Semo Electric Cooperative and what are their salaries?
The average compensation at Semo Electric Cooperative during 2020 was $6,016. There are 65 employees at Semo Electric Cooperative.
Here are 18 key members and their salaries (Semo Electric Cooperative's CEO's salary is $247,596 and their total compensation is $363,703):
- Sean Vanslyke (Ceo (Salary))
- Martin Vineyard (Senior Mgr Of Operations (Salary))
- Terry Bunting (Serviceman Lineman (Hourly))
- Joe Hill (Serviceman Lineman (Hourly))
- Larry Kelly (Senior Mgr Of Engineering (Salary))
- Robert Gilmer (Construction Crew Lineman (Hourly))
- Keith Haynes (Board Member) [Trustee/Director]
- Dennis Fowler (Board Member) [Trustee/Director]
- Dicky Hanor (Board Member) [Trustee/Director]
- Myron Hawes (Board Member) [Trustee/Director]
- Carla Moore (Board Member) [Trustee/Director]
- James Deneke (Asst. Treasurer/Secretary) [Trustee/Director]
- Carl Eftink (Board Member) [Trustee/Director]
- John Bledsoe (Vice President) [Trustee/Director]
- Richard Faulkner (President) [Trustee/Director]
- Tim Coppage (Secretary/Treasurer) [Trustee/Director]
- Glennon Dirnberger (Board Member) [Trustee/Director]
- Hamil Corse (Board Member) [Trustee/Director]
Official website here: www.gosemo.com
Where can I find the form 990 for Semo Electric Cooperative?
The Semo Electric Cooperative’s most recent form 990 was submitted in 2020 and can be accessed here
Official website here: www.gosemo.com
Learn more at the official website: www.gosemo.com
Mission Statement of Semo Electric Cooperative
Semo Electric Cooperative, a mission-driven organization, strives to enhance the lives of its community members by delivering safe, dependable, and economical electricity, as well as fiber-fast internet, TV, and phone services. With a team of sixty-two dedicated employees, the cooperative ensures the provision of essential energy needs while maintaining a slim budget, with power costs accounting for approximately fifty to sixty percent of the overall expenses. By prioritizing the well-being of its clientele, Semo Electric Cooperative goes beyond just electricity, contributing significantly to the local community by paying nearly nine hundred thousand dollars in electric and fiber property taxes.
Impact
This information is meant to be a general summary of Semo Electric Cooperative. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Semo Electric Cooperative's impact is significant in the community it serves. By providing safe, reliable, low-cost electricity, fiber-fast internet, TV, and phone services, the cooperative plays a crucial role in enhancing the lives of over 16,000 homes, farms, and businesses. The cooperative's dedication to delivering essential services at affordable rates underscores its commitment to supporting the local community's well-being.
Notably, Semo Electric Cooperative employs sixty-two individuals, contributing to the local economy and fostering employment opportunities. Additionally, the cooperative's significant financial contribution, with nearly nine hundred thousand dollars paid in electric and fiber property taxes, further demonstrates its commitment to supporting local infrastructure and services.
Through its operations on a slim margin where power costs comprise a substantial portion of the overall budget, Semo Electric Cooperative prioritizes affordability and accessibility for its consumers. This approach not only ensures efficient service delivery but also indicates the cooperative's focus on providing sustainable and dependable resources to its members.
In summary, Semo Electric Cooperative's impact is multi-faceted, encompassing economic, social, and infrastructural contributions that collectively enhance the quality of life in the community it serves.
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 2020.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC - ENERGY SALE
Revenue
$36,265,949
FIBER SERVICES
Revenue
$4,569,095
CAPITAL CREDITS
Revenue
$1,222,792
POLE RENTAL
Revenue
$115,962
SALVAGE REVENUE
Revenue
$16,801
Organization Details
Founding Year
1938
Phone
(573) 471-5821
Principal Officer
Richard Faulkner
Main Address
PO BOX 520, SIKESTON, MO, 63801
Website
www.gosemo.com
NTEE Category
Code: W80 - Public benefit
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