Inter-County Energy Cooperative

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

EIN: 610235235 ✦ Danville, KY ✦ Designated as a 501(c)(12)

Overview

What is Inter-County Energy Cooperative?

Inter-County Energy Cooperative is a nonprofit organization based in Danville, Kentucky. With a mission to provide electric service, they serve approximately 27,520 member-owners on a patronage basis each month. Their operations employ 66 individuals, and they are dedicated to delivering electricity to their community.


Official website here: www.intercountyenergy.net

Is Inter-County Energy Cooperative legitimate?

Inter-County Energy Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Inter-County Energy 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: $311,537
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,097,536

For more financial information, click here


Official website here: www.intercountyenergy.net

What is the mission statement of Inter-County Energy Cooperative?

The Inter-County Energy Cooperative is dedicated to providing electric service to its member owners on a patronage basis. It serves an average of approximately 26,278 consumers per month. The cooperative's mission is centered around delivering electricity to its members, operating under the patronage system. By doing so, it ensures that the needs of its members are prioritized and their voices are heard in the energy industry. The cooperative's primary goal is to meet the electricity needs of its community of members, maintaining a commitment to consistent and reliable service.


Official website here: www.intercountyenergy.net

Who is the CEO of Inter-County Energy Cooperative?

Jerry W Carter is the Chairman of Inter-County Energy Cooperative. The CEO's salary of Inter-County Energy Cooperative is $205,262 and their total compensation is $265,399.


Official website here: www.intercountyenergy.net

What is the revenue of Inter-County Energy Cooperative?

Inter-County Energy Cooperative's revenue in 2022 was $74,823,291.


Official website here: www.intercountyenergy.net

Who are the executives of Inter-County Energy Cooperative and what are their salaries?

The average compensation at Inter-County Energy Cooperative during 2022 was $81,956. There are 66 employees at Inter-County Energy Cooperative.

Here are 12 key members and their salaries (Inter-County Energy Cooperative's CEO's salary is $205,262 and their total compensation is $265,399):

    Jerry Carter (President/Ceo)
  • Compensation: $205,262
  • Related: $0
  • Other: $60,137

    • David Phelps (Vp Operations)
  • Compensation: $150,980
  • Related: $0
  • Other: $44,203

    • Dan Hitchcock (Vp, Member Services)
  • Compensation: $131,379
  • Related: $0
  • Other: $38,592

    • Jessie Turpin (System Engineer Manager)
  • Compensation: $127,037
  • Related: $0
  • Other: $32,297

    • Lori Stocker (Vp, Office Services)
  • Compensation: $117,463
  • Related: $0
  • Other: $37,214

    • Alyssa Kurtz (Vp Of Finance & Admin)
  • Compensation: $116,014
  • Related: $0
  • Other: $23,324

    • James Kevin Preston (Sec/Treas) [Trustee/Director]
  • Compensation: $21,650
  • Related: $0
  • Other: $0

    • Jason Todd (Vice Chairman) [Trustee/Director]
  • Compensation: $20,600
  • Related: $0
  • Other: $0

    • Joe Spalding (Chairman) [Trustee/Director]
  • Compensation: $18,075
  • Related: $0
  • Other: $0

    • William Goggin (Director)
  • Compensation: $15,875
  • Related: $0
  • Other: $0

    • Louis Kerrick (Director)
  • Compensation: $15,850
  • Related: $0
  • Other: $0

    • William Peyton (Director)
  • Compensation: $14,225
  • Related: $0
  • Other: $0


  • Official website here: www.intercountyenergy.net

    Where can I find the form 990 for Inter-County Energy Cooperative?

    The Inter-County Energy Cooperative’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.intercountyenergy.net

    Learn more at the official website: www.intercountyenergy.net

    Mission Statement of Inter-County Energy Cooperative

    Inter-County Energy Cooperative, a leading provider of electric service, operates on a unique patronage basis to serve approximately 26,278 consumers each month. The cooperative's mission is to deliver electricity to its member-owners, fostering a sense of community and shared ownership. By prioritizing its members, Inter-County Energy Cooperative distinguishes itself from conventional energy providers. With a commitment to serve an average of around 27,520 consumers monthly, the cooperative ensures a reliable flow of electricity to homes and businesses. Through this dedicated approach, Inter-County Energy Cooperative strengthens the bond between its members and the energy provider, creating a mutually beneficial partnership.

    Impact

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




    Thursday, August 15, 2024

    Inter-County Energy Cooperative's impact lies in providing essential electric service to its member owners on a patronage basis. With an average of approximately 26,278 customers served per month, this cooperative plays a crucial role in ensuring that consumers have access to reliable electricity. By fulfilling their mission to provide electric service to member owners, Inter-County Energy Cooperative contributes to the well-being and functioning of communities in and around Danville, KY. The cooperative's public benefit tag further underscores its commitment to serving the needs of its customers and the broader community.





    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: $141,199
  • Program Service Revenue: $72,360,888
  • Gross Receipts: $74,823,291

    • Assets and Liabilities:
  • Total Assets: $149,903,408
  • Total Liabilities: $92,837,069
  • Net Assets: $57,066,339
  • Programs

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

    PROVIDE ELECTRIC SERVICE

    Revenue

    $72,360,588

    ELECTRIC MERCHANDISE

    Revenue

    $300

    Organization Details

    Founding Year

    1937

    Principal Officer

    Jerry W Carter

    Main Address

    PO BOX 87, DANVILLE, KY, 40422

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Inter-County Energy 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.