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Horry Electric Cooperative Inc

Attn Kisha Roberts

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

EIN: 570184136 ✦ Conway, SC ✦ Designated as a 501(c)(12)

Overview

What is Horry Electric Cooperative Inc?

Horry Electric Cooperative Inc, a nonprofit organization based in Conway, South Carolina, serves its community on a fair and equitable basis by providing essential energy-related information and services. As a member-owned cooperative, it prides itself on its commitment to delivering these offerings in an inclusive and unbiased manner. The organization's mission centers around information dissemination and energy services, ensuring a sustainable and accessible energy solution for its members.


Is Horry Electric Cooperative Inc legitimate?

Horry Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Horry Electric Cooperative 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: $692,525
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Horry Electric Cooperative Inc?
Who is the CEO of Horry Electric Cooperative Inc?
What is the revenue of Horry Electric Cooperative Inc?
Who are the executives of Horry Electric Cooperative Inc and what are their salaries?

The average compensation at Horry Electric Cooperative Inc during 2022 was $3,498. There are 198 employees at Horry Electric Cooperative Inc.

Here are 17 key members and their salaries (Horry Electric Cooperative Inc's CEO's salary is $136,387 and their total compensation is $136,387):


Where can I find the form 990 for Horry Electric Cooperative Inc?

Mission Statement of Horry Electric Cooperative Inc

Horry Electric Cooperative Inc, a non-profit organization, is dedicated to providing information and energy-related services on a fair and equitable basis for its members. This member-owned cooperative operates with a mission to make a positive impact in the lives of its community, going beyond just supplying electricity.

The organization, Horry Electric Cooperative Inc, prides itself on being more than just an energy provider. It is a community partner, offering essential services and resources to its members in a just and unbiased manner. As a non-profit entity, the cooperative is committed to putting the needs and interests of its members first.

In essence, Horry Electric Cooperative Inc is a beacon of fairness and equality in the energy sector, providing crucial services and vital information to its members in a manner that benefits everyone involved. By focusing on the principles of transparency, accountability, and collaboration, the cooperative not only delivers reliable energy solutions but also fosters a strong sense of community among its members.

Impact

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




Thursday, August 15, 2024

Horry Electric Cooperative Inc's impact lies in its provision of energy-related services and information on a fair and equitable basis. As a member-owned organization, it operates as a non-profit entity, ensuring that its services benefit the community in Conway, SC. Its mission is focused on providing essential information and energy services to its members in a way that is fair and beneficial to all. Through its operations, Horry Electric Cooperative Inc contributes positively to the welfare and sustainability of the local area while upholding principles of public benefit.





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: $956,641
  • Program Service Revenue: $188,218,753
  • Gross Receipts: $183,800,746

    • Assets and Liabilities:
  • Total Assets: $437,222,676
  • Total Liabilities: $233,947,329
  • Net Assets: $203,275,347
  • Programs

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

    ELECTRIC REVENUE

    Revenue

    $184,939,328

    OTHER CAPITAL CREDITS

    Revenue

    $1,906,613

    G & T CAPITAL CREDITS

    Revenue

    $863,070

    POLE RENTAL

    Revenue

    $509,742

    Organization Details

    Founding Year

    1940

    Principal Officer

    Daniel B Shelley

    Main Address

    PO BOX 119, CONWAY, SC, 295280119

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Horry Electric Cooperative 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.