Sumter Electric Cooperative Inc

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

EIN: 590469125 ✦ Sumterville, FL ✦ Designated as a 501(c)(12)

Overview

What is Sumter Electric Cooperative Inc?

Sumter Electric Cooperative Inc is a not-for-profit cooperative based in Sumterville, Florida. With a workforce of 480 employees, their primary mission is to deliver reliable and innovative energy services to over 231,000 accounts in their service area. The cooperative sells and distributes electricity, ensuring a consistent energy supply to their members and communities.


Official website here: www.secoenergy.com

Is Sumter Electric Cooperative Inc legitimate?

Sumter Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Sumter 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: $5,384,019
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,614,320

For more financial information, click here


Official website here: www.secoenergy.com

What is the mission statement of Sumter Electric Cooperative Inc?

Sumter Electric Cooperative Inc, as a not-for-profit cooperative, is committed to providing reliable and innovative energy services to its members and communities. With a mission to deliver electricity to over 231,000 accounts in its service area, the cooperative goes beyond just selling and distributing energy. It strives to make a positive impact on the lives of those it serves, ensuring the availability of dependable and advanced energy solutions. The cooperative's dedication to its members and communities drives its every action.


Official website here: www.secoenergy.com

Who is the CEO of Sumter Electric Cooperative Inc?

Curtis Wynn is the Ceo of Sumter Electric Cooperative Inc. The CEO's salary of Sumter Electric Cooperative Inc is $666,184 and their total compensation is $670,325.


Official website here: www.secoenergy.com

What is the revenue of Sumter Electric Cooperative Inc?

Sumter Electric Cooperative Inc's revenue in 2022 was $537,389,478.


Official website here: www.secoenergy.com

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

The average compensation at Sumter Electric Cooperative Inc during 2022 was $14,580. There are 480 employees at Sumter Electric Cooperative Inc.

Here are 23 key members and their salaries (Sumter Electric Cooperative Inc's CEO's salary is $666,184 and their total compensation is $670,325):

    Curtis Wynn (Ceo)
  • Compensation: $696,900
  • Related: $0
  • Other: $169,803

    • James P Duncan (Ceo - Exitin)
  • Compensation: $666,184
  • Related: $0
  • Other: $4,141

    • John Laselva (Vp Of Operat)
  • Compensation: $502,592
  • Related: $0
  • Other: $165,205

    • Eugene V Kanikovsky (Cfo)
  • Compensation: $447,859
  • Related: $0
  • Other: $142,241

    • Kathryn E Gloria (Vp Cor Comm)
  • Compensation: $417,618
  • Related: $0
  • Other: $131,915

    • Greggory H Morrell (Vp Of Hr & C)
  • Compensation: $433,789
  • Related: $0
  • Other: $107,224

    • Micheal White (Vp Of Engine)
  • Compensation: $425,763
  • Related: $0
  • Other: $106,667

    • Benjamin Dawson (Vp Growth, S)
  • Compensation: $280,735
  • Related: $0
  • Other: $113,240

    • Lonnie W Pennington (Mgr Trans &)
  • Compensation: $250,083
  • Related: $0
  • Other: $137,388

    • Craig S Balius (Mgr Of Safet)
  • Compensation: $205,215
  • Related: $0
  • Other: $147,678

    • Tracy De Lemos (Deputy Gener)
  • Compensation: $268,198
  • Related: $0
  • Other: $64,869

    • Shaun T Lamar (Mgr Of Inf T)
  • Compensation: $207,420
  • Related: $0
  • Other: $93,716

    • Marietta Hicks (Mgr Eng Svcs)
  • Compensation: $203,836
  • Related: $0
  • Other: $83,902

    • Jerry T Brown (Mgr Of Techn)
  • Compensation: $213,246
  • Related: $0
  • Other: $71,836

    • Joseph Kusiak (Trustee)
  • Compensation: $33,703
  • Related: $0
  • Other: $0

    • Michael Muffett (Trustee)
  • Compensation: $32,203
  • Related: $0
  • Other: $0

    • Gerald Anderson (Trustee - Pr)
  • Compensation: $28,403
  • Related: $0
  • Other: $0

    • Shannon Wright (Trustee)
  • Compensation: $28,402
  • Related: $0
  • Other: $0

    • Joyce Anderson (Trustee - Se)
  • Compensation: $26,003
  • Related: $0
  • Other: $0

    • Morgan Hatfield (Trustee)
  • Compensation: $23,753
  • Related: $0
  • Other: $0

    • Richard Dennison (Trustee)
  • Compensation: $23,653
  • Related: $0
  • Other: $0

    • Scott Boyatt (Trustee - Vi)
  • Compensation: $23,603
  • Related: $0
  • Other: $0

    • William James Jr (Trustee)
  • Compensation: $19,353
  • Related: $0
  • Other: $0


  • Official website here: www.secoenergy.com

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

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


    Official website here: www.secoenergy.com

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

    Mission Statement of Sumter Electric Cooperative Inc

    Sumter Electric Cooperative Inc, a not-for-profit cooperative, is dedicated to delivering dependable and innovative energy solutions to its members and communities. The organization's primary mission is to provide electricity to over 231,000 accounts in its service area. As a cooperative, Sumter Electric Cooperative Inc prioritizes the needs of its members above all else, ensuring they receive top-tier energy services. The cooperative's commitment to innovation is evident in its efforts to deliver reliable and forward-thinking energy solutions. By focusing on both reliability and innovation, Sumter Electric Cooperative Inc sets itself apart as a trusted energy provider for its community members. Through its unwavering dedication to excellence, the cooperative strives to enhance the quality of life for its members and contribute to the overall progress of the communities it serves.

    Impact

    This information is meant to be a general summary of Sumter 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

    Sumter Electric Cooperative Inc, operating as a not-for-profit cooperative, has a significant impact on its members and communities by providing reliable and innovative energy services. With a focus on the sale and distribution of electricity to over 231,000 accounts in its service area, Sumter Electric Cooperative plays a crucial role in ensuring that households and businesses have access to essential energy resources. Through its mission of providing public benefit through energy services, Sumter Electric Cooperative contributes to the overall well-being and development of the communities it serves in Sumterville, Florida.





    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: $417,942
  • Program Service Revenue: $536,877,881
  • Gross Receipts: $537,420,252

    • Assets and Liabilities:
  • Total Assets: $1,126,136,135
  • Total Liabilities: $783,012,991
  • Net Assets: $343,123,144
  • Programs

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

    SALE OF ELECTRICITY

    Revenue

    $528,468,741

    SERVICE CHARGE INCOME

    Revenue

    $4,088,054

    POLE RENTAL

    Revenue

    $3,115,167

    CAPITAL CREDITS - OTHER

    Revenue

    $1,205,919

    Organization Details

    Founding Year

    1938

    Principal Officer

    Curtis Wynn

    Main Address

    P O BOX 301, SUMTERVILLE, FL, 335850301

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Sumter 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.