Overview
What is Barc Electric Cooperative?
Barc Electric Cooperative is a nonprofit organization based in Virginia, serving communities in the counties of Allegheny, Augusta, Bath, Highland, and Rockbridge. Their primary mission is to ensure the provision of safe and dependable electricity to their members. According to their expenses, the three largest programs are the cost of power, fiber lease expenses, and BarConnect expenses. By focusing on these areas, Barc Electric Cooperative strives to deliver power efficiently and effectively to its members. Their team consists of 67 employees, dedicated to fulfilling the cooperative's mission of reliable energy services.
Official website here: www.barcelectric.com
Is Barc Electric Cooperative legitimate?
Barc Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Barc 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: $808,453
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,612,363
For more financial information, click here
Official website here: www.barcelectric.com
What is the mission statement of Barc Electric Cooperative?
Barc Electric Cooperative is committed to delivering safe and dependable electricity to its members. This mission is reflected in the three largest program services the cooperative prioritizes, which are the cost of power, fiber lease expenses, and BarConnect expenses. By focusing on these areas, Barc Electric Cooperative ensures the reliable flow of electricity to communities in Virginia. The cooperative's unwavering dedication to its members allows them to enjoy the benefits of electricity with peace of mind.
Official website here: www.barcelectric.com
Who is the CEO of Barc Electric Cooperative?
Courtney Perdue is the Ceo of Barc Electric Cooperative. The CEO's salary of Barc Electric Cooperative is $216,923 and their total compensation is $296,577.
Official website here: www.barcelectric.com
What is the revenue of Barc Electric Cooperative?
Barc Electric Cooperative's revenue in 2022 was $38,312,606.
Official website here: www.barcelectric.com
Who are the executives of Barc Electric Cooperative and what are their salaries?
The average compensation at Barc Electric Cooperative during 2022 was $80,908. There are 67 employees at Barc Electric Cooperative.
Here are 15 key members and their salaries (Barc Electric Cooperative's CEO's salary is $216,923 and their total compensation is $296,577):
- William Buchanan (Ceo)
- Chris Botulinski (Coo)
- Courtney Perdue (Cfo)
- Shay Mcmullen (Line Crew Fo)
- Kevin Bryant (Line Crew Fo)
- Terry Miller (Area Service)
- Stephen Clark (Line Crew Fo)
- Dakoyta Minter (Journeyman L)
- Jason P Black (Director)
- Edsel B Ford (Director)
- Jay Lewis Ii (Director)
- Gary R Johnson (Assistant Se) [Trustee/Director]
- John M Quantz (Secretary/Tr) [Trustee/Director]
- C Michael Sandridge (Vice Preside) [Trustee/Director]
- Keith L Swisher (President) [Trustee/Director]
Official website here: www.barcelectric.com
Where can I find the form 990 for Barc Electric Cooperative?
The Barc Electric Cooperative’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.barcelectric.com
Learn more at the official website: www.barcelectric.com
Mission Statement of Barc Electric Cooperative
Barc Electric Cooperative, a mission-driven organization, dedicates itself to providing safe and reliable power to the communities it serves in the Commonwealth of Virginia. Located in the counties of Allegheny, Augusta, Bath, Highland, and Rockbridge, this cooperative is committed to ensuring that its members have uninterrupted access to electricity.
Three significant program areas contribute the most to achieving Barc Electric Cooperative's objectives. First, the cooperative invests substantial resources in procuring power for its members. This focus on power generation and distribution allows Barc Electric Cooperative to deliver consistent, high-quality electricity to its communities.
Second, the cooperative dedicates a considerable portion of its budget to fiber lease expenses. By investing in advanced communication infrastructure, Barc Electric Cooperative is able to efficiently manage its power grid and ensure that any issues are addressed promptly. This commitment to maintaining a robust and modern infrastructure underpins the cooperative's mission to provide reliable power to its members.
Lastly, Barc Electric Cooperative prioritizes the implementation of its proprietary technology platform, BarConnect. This innovative system enables the cooperative to streamline its operations and offer enhanced services to its members. By leveraging data and analytics, Barc Electric Cooperative can proactively identify potential power outages and respond to maintenance needs before they escalate into larger issues, ultimately contributing to the overall reliability of the power supply.
In summary, Barc Electric Cooperative is a dedicated organization that puts the needs of its Virginia-based members first. By focusing on safe and reliable power provision, investing in advanced infrastructure, and leveraging innovative technology, the cooperative is able to maintain a consistent electricity supply and deliver value to the communities it serves.
Impact
This information is meant to be a general summary of Barc Electric Cooperative. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Barc Electric Cooperative's impact lies in providing safe and reliable power to its members in the counties of Alleghany, Augusta, Bath, Highland, and Rockbridge in the Commonwealth of Virginia. Through its mission, Barc Electric Cooperative ensures that its members have access to essential electricity services, contributing to the overall well-being and functioning of these communities. By prioritizing the delivery of power in a dependable and secure manner, Barc Electric Cooperative plays a crucial role in supporting the daily lives and activities of its members.
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 AND DIST. OF ELECT.
Revenue
$27,158,560
PATRONAGE ALLOC. RECEIVED
Revenue
$290,934
CONTRIB. IN AID OF CONST.
Revenue
$23,847
Organization Details
Founding Year
1938
Phone
(800) 846-2272
Principal Officer
Courtney Perdue
Main Address
PO BOX 264, MILLBORO, VA, 244600264
Website
www.barcelectric.com
NTEE Category
Code: W50 - Public benefit
If you are a representative of Barc Electric Cooperative 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.