Grayson Rural Electric Cooperative Corporation

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

EIN: 610447602 ✦ Grayson, KY ✦ Designated as a 501(c)(12)

Overview

What is Grayson Rural Electric Cooperative Corporation?

Grayson Rural Electric Cooperative Corporation is a nonprofit organization, headquartered at 109 Bagby Park, Grayson, Kentucky (41143), that provides electric services to approximately 15,504 member-owners on a patronage basis. This cooperative is dedicated to delivering electricity to its community, ensuring a reliable source of power for its customers. With a workforce of 47 employees, they remain committed to serving and maintaining the energy needs of their members.


Official website here: www.graysonrecc.com

Is Grayson Rural Electric Cooperative Corporation legitimate?

Grayson Rural Electric Cooperative Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Grayson Rural Electric Cooperative Corporation 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: $414,912
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,026,224

For more financial information, click here


Official website here: www.graysonrecc.com

What is the mission statement of Grayson Rural Electric Cooperative Corporation?

Grayson Rural Electric Cooperative Corporation is dedicated to delivering electric service to its member owners on a patronage basis. The corporation serves an average of approximately 15,504 customers every month. Their mission revolves around providing reliable electric service, ensuring that the needs of their member-owners are met. By operating on a patronage basis, the corporation fosters a sense of community and collaboration among its customers. The corporation's primary focus is on ensuring the satisfaction and well-being of its members, as they are more than just customers, but integral parts of the cooperative. The team at Grayson Rural Electric Cooperative Corporation is committed to maintaining a strong, sustainable electrical infrastructure, enabling the communities they serve to thrive.


Official website here: www.graysonrecc.com

Who is the CEO of Grayson Rural Electric Cooperative Corporation?

Bradley Cherry is the Vice Chairman of Grayson Rural Electric Cooperative Corporation. The CEO's salary of Grayson Rural Electric Cooperative Corporation is $186,713 and their total compensation is $186,713.


Official website here: www.graysonrecc.com

What is the revenue of Grayson Rural Electric Cooperative Corporation?

Grayson Rural Electric Cooperative Corporation's revenue in 2022 was $43,062,397.


Official website here: www.graysonrecc.com

Who are the executives of Grayson Rural Electric Cooperative Corporation and what are their salaries?

The average compensation at Grayson Rural Electric Cooperative Corporation during 2022 was $73,216. There are 47 employees at Grayson Rural Electric Cooperative Corporation.

Here are 11 key members and their salaries (Grayson Rural Electric Cooperative Corporation's CEO's salary is $186,713 and their total compensation is $186,713):

    Bradley Cherry (President/Ceo)
  • Compensation: $186,713
  • Related: $0
  • Other: $0

    • Brian Poling (Mgr Of Tech Services)
  • Compensation: $167,858
  • Related: $0
  • Other: $0

    • Kyle Clevenger (Mgr Of Operations)
  • Compensation: $163,867
  • Related: $0
  • Other: $0

    • Christopher Mosier (Maintenance Leadman)
  • Compensation: $160,777
  • Related: $0
  • Other: $0

    • Michael L Martin (Asst. Mgr. Of Operations)
  • Compensation: $159,638
  • Related: $0
  • Other: $0

    • Richard Easton (Former Leadman)
  • Compensation: $150,180
  • Related: $0
  • Other: $0

    • Jimmy Whitt (Director)
  • Compensation: $13,600
  • Related: $0
  • Other: $0

    • Kayla Webb (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $12,600
  • Related: $0
  • Other: $0

    • Harold Dupuy (Chairman) [Trustee/Director]
  • Compensation: $11,800
  • Related: $0
  • Other: $0

    • Jim Bentley (Vice Chairman) [Trustee/Director]
  • Compensation: $11,600
  • Related: $0
  • Other: $0

    • Danny Mabry (Director)
  • Compensation: $10,200
  • Related: $0
  • Other: $0


  • Official website here: www.graysonrecc.com

    Where can I find the form 990 for Grayson Rural Electric Cooperative Corporation?

    The Grayson Rural Electric Cooperative Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.graysonrecc.com

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

    Mission Statement of Grayson Rural Electric Cooperative Corporation

    Grayson Rural Electric Cooperative Corporation, a patronage-based organization, is committed to providing electric service to its member owners. With an average of approximately 15,504 customers served each month, the cooperative puts great emphasis on delivering electricity to its community.

    The mission of Grayson Rural Electric Cooperative Corporation is multifaceted. At its core, it is dedicated to serving its member owners by providing them with essential electric services. This organization goes beyond just powering homes and businesses, as it operates on a patronage basis, meaning that its members have a voice in its operations and share in its profits.

    Grayson Rural Electric Cooperative Corporation's role within its community is significant, as it consistently serves the electric needs of around 15,500 customers every month. Its unwavering commitment to its members is reflected in its mission, which guides its daily operations and drives its dedication to delivering reliable electric service.

    Impact

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




    Thursday, August 15, 2024

    Grayson Rural Electric Cooperative Corporation impacts the community by providing essential electric service to its member owners on a patronage basis. Serving an average of approximately 15,504 customers per month in Grayson, KY, the cooperative plays a crucial role in ensuring households and businesses have access to reliable power. By fulfilling its mission to provide electric service, Grayson Rural Electric Cooperative Corporation contributes to the economic development and quality of life in the area, ultimately benefiting the public welfare.





    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: $78,195
  • Program Service Revenue: $41,376,300
  • Gross Receipts: $43,062,397

    • Assets and Liabilities:
  • Total Assets: $94,665,552
  • Total Liabilities: $56,391,292
  • Net Assets: $38,274,260
  • Programs

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

    PROVIDE ELECTRIC SERVICE

    Revenue

    $41,373,528

    OTHER ELECTRIC SERVICES

    Revenue

    $2,772

    Organization Details

    Founding Year

    1950

    Principal Officer

    Bradley Cherry

    Main Address

    109 BAGBY PARK, GRAYSON, KY, 41143

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Grayson Rural Electric Cooperative Corporation 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.