Mecklenburg Electric Cooperative

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

EIN: 540299805 ✦ Chase city, VA ✦ Designated as a 501(c)(12)

Overview

What is Mecklenburg Electric Cooperative?

Mecklenburg Electric Cooperative is a nonprofit organization based in Chase City, Virginia. Their primary mission is to ensure the safe and effective distribution of electricity to their cooperative members. According to the provided information, their top three program expenses include the cost of power, other salaries and wages, and distribution maintenance. With a workforce of approximately 110 employees, Mecklenburg Electric Cooperative is dedicated to enhancing the quality of life for its members by providing essential electric services.


Official website here: www.meckelec.org

Is Mecklenburg Electric Cooperative legitimate?

Mecklenburg Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Mecklenburg 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: $1,731,610
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,480,637

For more financial information, click here


Official website here: www.meckelec.org

What is the mission statement of Mecklenburg Electric Cooperative?

Mecklenburg Electric Cooperative is committed to ensuring the safe and reliable distribution of electricity to its members. Its mission extends beyond just providing an essential service, as it strives to create opportunities that enhance the overall quality of life for those it serves. The cooperative's primary focus areas, as indicated by its expenses, are the cost of power, salaries and wages, and distribution maintenance. By excelling in these areas, Mecklenburg Electric Cooperative is able to deliver high-quality electric service to its members and contribute to their overall well-being.


Official website here: www.meckelec.org

Who is the CEO of Mecklenburg Electric Cooperative?

John C Lee Jr is the President An of Mecklenburg Electric Cooperative.


Official website here: www.meckelec.org

What is the revenue of Mecklenburg Electric Cooperative?

Mecklenburg Electric Cooperative's revenue in 2022 was $100,631,363.


Official website here: www.meckelec.org

Who are the executives of Mecklenburg Electric Cooperative and what are their salaries?

The average compensation at Mecklenburg Electric Cooperative during 2022 was $92,839. There are 110 employees at Mecklenburg Electric Cooperative.

Here are 17 key members and their salaries:

    John C Lee Jr (President An)
  • Compensation: $889,919
  • Related: $0
  • Other: $391,577

    • James P Guy Ii (Legal Counse)
  • Compensation: $231,688
  • Related: $0
  • Other: $80,964

    • Benjamin J Seamans (Vp Engineeri)
  • Compensation: $172,508
  • Related: $0
  • Other: $110,024

    • Dwayne Long (Vp Informati)
  • Compensation: $171,894
  • Related: $0
  • Other: $59,951

    • David H Lipscomb (Vp Member An)
  • Compensation: $176,730
  • Related: $0
  • Other: $20,884

    • Carol B Jones (Vp Finance A)
  • Compensation: $162,002
  • Related: $0
  • Other: $18,902

    • Robert H Lankford (Director Of)
  • Compensation: $147,748
  • Related: $0
  • Other: $14,922

    • Carolyn T Glass (Assistant Se)
  • Compensation: $79,362
  • Related: $0
  • Other: $57,199

    • Franklin B Myers (Vice-Chairma) [Trustee/Director]
  • Compensation: $19,032
  • Related: $5,250
  • Other: $0

    • David J Jones (Chairman) [Trustee/Director]
  • Compensation: $17,132
  • Related: $4,200
  • Other: $0

    • Brandon G Hudson (Director)
  • Compensation: $15,832
  • Related: $4,200
  • Other: $0

    • David C Hall (Director)
  • Compensation: $15,482
  • Related: $4,200
  • Other: $0

    • Michael H Mcdowell (Director)
  • Compensation: $14,432
  • Related: $4,200
  • Other: $0

    • Fletcher B Jones (Director)
  • Compensation: $13,457
  • Related: $4,025
  • Other: $0

    • Angela B Wilson (Director)
  • Compensation: $13,007
  • Related: $3,500
  • Other: $0

    • Peggy Lee (Director)
  • Compensation: $12,482
  • Related: $3,763
  • Other: $0

    • Donald L Moore (Treasurer-Se) [Trustee/Director]
  • Compensation: $11,795
  • Related: $3,238
  • Other: $0


  • Official website here: www.meckelec.org

    Where can I find the form 990 for Mecklenburg Electric Cooperative?

    The Mecklenburg Electric Cooperative’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.meckelec.org

    Learn more at the official website: www.meckelec.org

    Mission Statement of Mecklenburg Electric Cooperative

    Mecklenburg Electric Cooperative, with its mission to provide services and create opportunities to enhance the quality of life, is dedicated to delivering safe and effective electricity to its members. The cooperative places a great emphasis on ensuring a dependable power supply to its community.

    As the largest expenditure, Mecklenburg Electric Cooperative invests significantly in the cost of power to meet the energy demands of its members. By securing reliable sources of electricity, the cooperative guarantees a consistent power supply, essential for the daily functioning of homes and businesses.

    Beyond its primary goal of energy distribution, Mecklenburg Electric Cooperative also focuses on maintaining its infrastructure. The distribution maintenance program is a crucial aspect of the organization, enabling them to promptly address any issues and ensure the reliability of their services. In addition, the cooperative invests in the salaries and wages of its team members, recognizing the importance of a skilled and dedicated workforce to deliver on its promise to its community.

    Through these efforts, Mecklenburg Electric Cooperative not only provides a vital service in the form of electricity but also contributes to the overall well-being of its members by ensuring a consistent power supply and investing in its people.

    Impact

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




    Thursday, August 15, 2024

    Mecklenburg Electric Cooperative's impact is significant in providing safe and effective distribution of electricity to its members. By ensuring a reliable source of power, the cooperative plays a crucial role in supporting the daily lives and activities of individuals and businesses in its service area. This allows for continued productivity, comfort, and convenience for its members. Additionally, by focusing on distribution maintenance and other essential services, the cooperative contributes to the overall quality of life in the region it serves.





    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 2022.

  • Investment Income: $125,580
  • Program Service Revenue: $95,362,807
  • Gross Receipts: $100,850,270

    • Assets and Liabilities:
  • Total Assets: $248,790,534
  • Total Liabilities: $158,506,432
  • Net Assets: $90,284,102
  • Programs

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

    SALE OF ELECTRICITY

    Revenue

    $88,276,067

    CONTRIBUTIONS IN AID

    Revenue

    $6,359,830

    PATRONAGE CAPITAL OTHER

    Revenue

    $726,910

    Organization Details

    Founding Year

    1938

    Principal Officer

    John C Lee Jr

    Main Address

    PO BOX 2451, CHASE CITY, VA, 23924

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Mecklenburg 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.