Newberry Electric Cooperative Inc

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

EIN: 570216285 ✦ Newberry, SC ✦ Designated as a 501(c)(12)

Overview

What is Newberry Electric Cooperative Inc?

Newberry Electric Cooperative Inc is a nonprofit organization dedicated to delivering exceptional electric services to everyone within its system area at budget-friendly prices. They uphold the highest standards of service to ensure customer satisfaction.


Official website here: www.nec.coop

Is Newberry Electric Cooperative Inc legitimate?

Newberry Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Newberry 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: $667,767
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.nec.coop

What is the mission statement of Newberry Electric Cooperative Inc?

Newberry Electric Cooperative Inc is dedicated to delivering superior electric services to all who seek it within its coverage area. The cooperative prioritizes affordability, offering top-tier electric services to its customers while keeping prices at a minimum. It strives to maintain the highest standards of service quality, ensuring a consistent and reliable experience for its members. The organization's primary goal is to meet the electric needs of its population efficiently and effectively. Additionally, Newberry Electric Cooperative Inc likely invests in ongoing infrastructure development, ensuring its service remains competitive and responsive to the evolving energy demands of its customers.


Official website here: www.nec.coop

Who is the CEO of Newberry Electric Cooperative Inc?

George Keith Avery is the Chairman of Newberry Electric Cooperative Inc.


Official website here: www.nec.coop

What is the revenue of Newberry Electric Cooperative Inc?

Newberry Electric Cooperative Inc's revenue in 2022 was $45,705,196.


Official website here: www.nec.coop

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

The average compensation at Newberry Electric Cooperative Inc during 2022 was $14,517. There are 46 employees at Newberry Electric Cooperative Inc.

Here are 14 key members and their salaries:

    George Keith Avery (President An)
  • Compensation: $274,699
  • Related: $0
  • Other: $116,433

    • Arthur Guy (Cfo)
  • Compensation: $149,333
  • Related: $0
  • Other: $65,392

    • Leann Hutto (Vp- Human Re)
  • Compensation: $118,468
  • Related: $0
  • Other: $52,944

    • Robert Shealy (Vp- Engineer)
  • Compensation: $107,422
  • Related: $0
  • Other: $56,777

    • Debra Shaw (Vp- Public R)
  • Compensation: $112,836
  • Related: $0
  • Other: $50,490

    • Douglas E Hipp (Director)
  • Compensation: $40,587
  • Related: $0
  • Other: $0

    • Johnnie L Dickert (Chairman) [Trustee/Director]
  • Compensation: $36,891
  • Related: $0
  • Other: $0

    • Melanie B Hawkins (Director)
  • Compensation: $36,787
  • Related: $0
  • Other: $0

    • John Wayne Nichols (Secretary/Tr) [Trustee/Director]
  • Compensation: $34,420
  • Related: $0
  • Other: $0

    • Blake Brigman (Director)
  • Compensation: $28,237
  • Related: $0
  • Other: $0

    • Leon Fulmer Jr (Director)
  • Compensation: $26,140
  • Related: $0
  • Other: $0

    • William B Lominick Sr (Vice Chairma) [Trustee/Director]
  • Compensation: $25,475
  • Related: $0
  • Other: $0

    • Charles J Bishop (Director)
  • Compensation: $25,283
  • Related: $0
  • Other: $0

    • J Craig Kesler (Director)
  • Compensation: $22,815
  • Related: $0
  • Other: $0


  • Official website here: www.nec.coop

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

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


    Official website here: www.nec.coop

    Learn more at the official website: www.nec.coop

    Mission Statement of Newberry Electric Cooperative Inc

    Newberry Electric Cooperative Inc, a dedicated electric service provider, strives to bring the best possible electricity solutions to all those who seek it within its designated service area. Committed to maintaining the lowest prices, the Cooperative does not compromise on the highest standards of service quality.

    Established with a vision to serve, Newberry Electric Cooperative Inc's mission is to deliver superior electric services to every customer residing within its system boundaries. The Cooperative's unwavering commitment to excellence ensures that it provides the most reliable and efficient electricity to its patrons, prioritizing their needs above all else. By consistently adhering to the highest service standards, Newberry Electric Cooperative Inc aims to build long-lasting relationships with its customers, ensuring their satisfaction and trust.

    Operating under the belief that everyone deserves access to top-notch electric services, Newberry Electric Cooperative Inc employs a team of dedicated professionals who work tirelessly to maintain and upgrade its infrastructure, adhering to the latest industry practices and regulations. The Cooperative's commitment to its customers extends beyond the provision of electricity, as it continually seeks to improve its offerings and provide additional value-added services to enhance the overall customer experience. With a customer-centric approach, Newberry Electric Cooperative Inc continues to set new benchmarks in the electric utility industry, proving that affordability and excellence go hand in hand.

    Impact

    This information is meant to be a general summary of Newberry 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

    Newberry Electric Cooperative Inc's impact is significant in ensuring that all residents within its service area have access to high-quality electric service at an affordable price. By upholding the highest standards of service while keeping costs low, the cooperative plays a crucial role in supporting the community's energy needs and overall well-being. This commitment to providing reliable electricity benefits individuals, businesses, and the community as a whole, contributing to economic development and quality of life in Newberry, SC.





    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: $25,308
  • Program Service Revenue: $44,301,094
  • Gross Receipts: $45,705,196

    • Assets and Liabilities:
  • Total Assets: $94,155,817
  • Total Liabilities: $67,873,209
  • Net Assets: $26,282,608
  • Programs

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

    ELECTRIC REVENUE

    Revenue

    $43,314,904

    OTHER CAPITAL CREDITS

    Revenue

    $548,311

    G & T CAPITAL CREDITS

    Revenue

    $247,589

    POLE RENTAL

    Revenue

    $190,290

    Organization Details

    Founding Year

    1940

    Principal Officer

    George Keith Avery

    Main Address

    PO BOX 477, NEWBERRY, SC, 29108

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Newberry 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.