Cobb Electric Membership Corp

Attn Michelle Fortner Cfo

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

EIN: 580198155 ✦ Marietta, GA ✦ Designated as a 501(c)(12)

Overview

What is Cobb Electric Membership Corp?

Cobb Electric Membership Corp is a non-profit, member-owned electric cooperative serving over 200,000 consumers in Georgia's Cobb, Bartow, Cherokee, Fulton, and Paulding counties. Their mission prioritizes dependable and safe electricity delivery, competitive rates, robust governance, relevant services, and recognition as a preferred employer.


Official website here: www.cobbemc.com

Is Cobb Electric Membership Corp legitimate?

Cobb Electric Membership Corp is a legitimate nonprofit organization registered as a 501(c)(12) entity. Cobb Electric Membership Corp 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: $1,240,838
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.cobbemc.com

What is the mission statement of Cobb Electric Membership Corp?

Cobb Electric Membership Corp is a member-owned electric cooperative dedicated to providing reliable and safe electricity to approximately 200,000 residents and businesses in various counties. Their mission encompasses delivering competitive rates, robust governance, and relevant services to their consumers. The cooperative takes pride in being a recognized employer, ensuring a strong commitment to their team.


Official website here: www.cobbemc.com

Who is the CEO of Cobb Electric Membership Corp?

Kevan Espy is the President & of Cobb Electric Membership Corp.


Official website here: www.cobbemc.com

What is the revenue of Cobb Electric Membership Corp?

Cobb Electric Membership Corp's revenue in 2022 was $472,050,608.


Official website here: www.cobbemc.com

Who are the executives of Cobb Electric Membership Corp and what are their salaries?

The average compensation at Cobb Electric Membership Corp during 2022 was $2,899. There are 428 employees at Cobb Electric Membership Corp.

Here are 15 key members and their salaries:

    Kevan Espy (President &)
  • Compensation: $627,988
  • Related: $0
  • Other: $227,651

    • Brett Stovern (Cfo-Former)
  • Compensation: $645,968
  • Related: $0
  • Other: $115,514

    • Tim Sosebee (Sr Vp-Busine)
  • Compensation: $359,728
  • Related: $0
  • Other: $179,323

    • Tim Jarrell (Vp-Power Sup)
  • Compensation: $318,985
  • Related: $0
  • Other: $156,840

    • Timothy Harshbarger (Vp Human Res)
  • Compensation: $337,254
  • Related: $0
  • Other: $41,405

    • Kelsie Daniels (Vp-Info. Tec)
  • Compensation: $301,952
  • Related: $0
  • Other: $75,935

    • Bryan Boyd (Director)
  • Compensation: $59,707
  • Related: $13,800
  • Other: $0

    • Edward Crowell (Director)
  • Compensation: $47,674
  • Related: $13,200
  • Other: $0

    • David V Tennant (Chairman) [Trustee/Director]
  • Compensation: $45,610
  • Related: $14,400
  • Other: $0

    • Charles M Swanson (Director)
  • Compensation: $49,747
  • Related: $0
  • Other: $0

    • William C Sharp Iii (Secretary/Tr) [Trustee/Director]
  • Compensation: $33,229
  • Related: $14,400
  • Other: $0

    • Rudy R Underwood (Vice Chairma) [Trustee/Director]
  • Compensation: $32,187
  • Related: $13,800
  • Other: $0

    • Eric Broadwell (Director)
  • Compensation: $45,733
  • Related: $0
  • Other: $0

    • Kelly P Bodner (Director)
  • Compensation: $37,687
  • Related: $0
  • Other: $0

    • David Mcclellan (Director)
  • Compensation: $33,625
  • Related: $0
  • Other: $0


  • Official website here: www.cobbemc.com

    Where can I find the form 990 for Cobb Electric Membership Corp?

    The Cobb Electric Membership Corp’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.cobbemc.com

    Learn more at the official website: www.cobbemc.com

    Mission Statement of Cobb Electric Membership Corp

    Cobb Electric Membership Corp, a not-for-profit electric cooperative, is dedicated to providing its members with reliable and safe electricity. With a commitment to competitive rates, the organization aims to ensure affordable energy for its residential and commercial consumers. Cobb EMC prides itself on robust governance, ensuring transparency and accountability to its members. In addition, the cooperative offers relevant services that cater to the evolving needs of its community.

    Cobb EMC's mission extends beyond electricity delivery. The organization takes pride in being a recognized employer, attracting and retaining top talent to maintain the reliability and safety of its power grid. The company serves nearly 200,000 consumers in the Georgia counties of Cobb, Bartow, Cherokee, Fulton, and Paulding. By putting its members first and maintaining a strong focus on safety and affordability, Cobb EMC continues to build a strong and sustainable energy infrastructure for its community.

    Impact

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




    Thursday, August 15, 2024

    Cobb Electric Membership Corp's impact can be seen in the reliable and safe electricity it delivers to nearly 200,000 residential and commercial consumers in Georgia. By providing rate-competitive services with robust governance and relevant offerings, the company plays a vital role in ensuring energy security for customers in Cobb, Bartow, Cherokee, Fulton, and Paulding counties. Additionally, as a recognized employer in the community, Cobb EMC contributes to the local economy and fosters a sense of stability for both employees and members.





    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: $1,274,046
  • Program Service Revenue: $469,291,139
  • Gross Receipts: $472,050,608

    • Assets and Liabilities:
  • Total Assets: $1,177,341,705
  • Total Liabilities: $501,611,395
  • Net Assets: $675,730,310
  • Programs

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

    ELECTRIC REVENUE

    Revenue

    $456,283,598

    PATRONAGE CAPITAL CREDITS

    Revenue

    $9,484,464

    POLE AND OTHER ATTACHMENTS

    Revenue

    $3,523,077

    Organization Details

    Founding Year

    1938

    Principal Officer

    Kevan Espy

    Main Address

    PO BOX 369, MARIETTA, GA, 300610369

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Cobb Electric Membership Corp 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.