Kenergy Corp

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

EIN: 611345109 ✦ Henderson, KY ✦ Designated as a 501(c)(12)

Overview

What is Kenergy Corp?

Kenergy Corp is a nonprofit electric cooperative based in Henderson, Kentucky. With 136 employees, they dedicate themselves to providing quality and reliable electric services to their members, keeping costs cooperative. Their mission goes beyond electricity, aiming to enhance the lives of their community by ensuring safe and dependable power. At the end of the year 2020, they served 59,214 active accounts.


Official website here: www.kenergycorp.com

Is Kenergy Corp legitimate?

Kenergy Corp is a legitimate nonprofit organization registered as a 501(c)(12) entity. Kenergy 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: $2,113,328
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,370,935

For more financial information, click here


Official website here: www.kenergycorp.com

What is the mission statement of Kenergy Corp?

Kenergy Corp is dedicated to supplying top-tier and dependable electric services to its members, collaborating on a cooperative basis. The mission of this corporation is to ensure the delivery of safe and reliable electricity that significantly enhances the living conditions of its members. Through the cooperative system, Kenergy Corp allocates patronage capital, enabling it to provide electric energy to its members effectively. With a membership base of 59,214 active services, the organization serves a substantial number of households, contributing to their quality of life.


Official website here: www.kenergycorp.com

Who is the CEO of Kenergy Corp?

Travis Siewert is the Chairman of Kenergy Corp. The CEO's salary of Kenergy Corp is $404,637 and their total compensation is $644,604.


Official website here: www.kenergycorp.com

What is the revenue of Kenergy Corp?

Kenergy Corp's revenue in 2022 was $624,047,751.


Official website here: www.kenergycorp.com

Who are the executives of Kenergy Corp and what are their salaries?

The average compensation at Kenergy Corp during 2022 was $69,737. There are 136 employees at Kenergy Corp.

Here are 24 key members and their salaries (Kenergy Corp's CEO's salary is $404,637 and their total compensation is $644,604):

    Jeff Hohn (President & Ceo)
  • Compensation: $404,637
  • Related: $0
  • Other: $239,967

    • Rob Stumph (Vp - Engineering & Operations)
  • Compensation: $215,565
  • Related: $0
  • Other: $173,533

    • Keith Ellis (Vp - Administrative Services)
  • Compensation: $191,141
  • Related: $0
  • Other: $100,672

    • Steve Thompson (Vp - Regulatory/External Affairs)
  • Compensation: $194,511
  • Related: $0
  • Other: $80,466

    • Michael Church (Operations Manager)
  • Compensation: $138,987
  • Related: $0
  • Other: $109,048

    • Travis Siewert (Vp - Finance & Accounting)
  • Compensation: $155,381
  • Related: $0
  • Other: $63,781

    • Casey Baker (Operations Manager)
  • Compensation: $136,907
  • Related: $0
  • Other: $77,180

    • Randy Crabtree (Construction Manager)
  • Compensation: $128,258
  • Related: $0
  • Other: $60,880

    • Dustin Lanham (Service Technician)
  • Compensation: $132,290
  • Related: $0
  • Other: $47,840

    • Jacob Courtney (Line Technician)
  • Compensation: $130,381
  • Related: $0
  • Other: $42,748

    • Debra Hayden (Assistant Secretary)
  • Compensation: $100,129
  • Related: $0
  • Other: $49,145

    • Richard Basham (Director)
  • Compensation: $15,600
  • Related: $0
  • Other: $0

    • Susan Blanford (Director)
  • Compensation: $15,300
  • Related: $0
  • Other: $0

    • Larry Elder (Director)
  • Compensation: $14,400
  • Related: $0
  • Other: $0

    • Brent Wigginton (Director)
  • Compensation: $13,800
  • Related: $0
  • Other: $0

    • William Reid (Chairman) [Trustee/Director]
  • Compensation: $13,250
  • Related: $0
  • Other: $0

    • Eddie Leach (Director)
  • Compensation: $13,200
  • Related: $0
  • Other: $0

    • Robert White (Director)
  • Compensation: $13,200
  • Related: $0
  • Other: $0

    • Craig Roberts (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $12,900
  • Related: $0
  • Other: $0

    • Johnathan Ayer (Vice Chairman) [Trustee/Director]
  • Compensation: $11,700
  • Related: $0
  • Other: $0

    • Christopher Mitchell Jan-June (Director)
  • Compensation: $7,500
  • Related: $0
  • Other: $0

    • Michael Hazelwood July-Dec (Director)
  • Compensation: $6,900
  • Related: $0
  • Other: $0

    • Ryan Hammack July-Dec (Director)
  • Compensation: $6,000
  • Related: $0
  • Other: $0

    • William Denton Jan (Director)
  • Compensation: $650
  • Related: $0
  • Other: $0


  • Official website here: www.kenergycorp.com

    Where can I find the form 990 for Kenergy Corp?

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


    Official website here: www.kenergycorp.com

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

    Mission Statement of Kenergy Corp

    Kenergy Corp, a cooperative electric service provider, is dedicated to delivering quality and dependable electricity to its members at affordable costs. In pursuit of this mission, the organization strives to ensure the safe and reliable provision of electric services that significantly enhance the lives of those it serves.

    Kenergy Corp's primary function lies in allocating patronage capital to provide the electric energy needs of its members cooperatively. With over 59,000 active services at the end of the year, the organization's commitment to reliability and affordability is evident in its ability to meet the demands of a substantial membership base. The cooperative nature of Kenergy Corp enables it to prioritize the interests of its members while maintaining a focus on service excellence.

    By adhering to its mission, Kenergy Corp plays a vital role in powering the daily lives of its members, allowing them to carry out essential tasks and maintain a standard of living that contributes to their overall well-being. The organization's steadfast commitment to safety and reliability underscores its dedication to the communities it serves, fostering trust and confidence in its ability to deliver on its promises.

    Impact

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




    Thursday, August 15, 2024

    Kenergy Corp provides quality and reliable electric service to its members at cost on a cooperative basis. By ensuring the provision of electric energy to its members through the allocation of patronage capital, Kenergy Corp impacts the lives of 59,214 active services in Henderson, KY. The organization's mission to safely provide reliable electric services enhances the quality of life for its members, contributing positively to their everyday living standards.





    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: $395,342
  • Program Service Revenue: $622,472,876
  • Gross Receipts: $624,237,435

    • Assets and Liabilities:
  • Total Assets: $278,992,513
  • Total Liabilities: $193,237,199
  • Net Assets: $85,755,314
  • Programs

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

    SALES OF ELECTRICITY

    Revenue

    $621,395,635

    SERVICE FEES

    Revenue

    $723,524

    PATRONAGE DIVIDENDS

    Revenue

    $353,717

    Organization Details

    Founding Year

    1999

    Principal Officer

    Travis Siewert

    Main Address

    PO BOX 18, HENDERSON, KY, 42419

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Kenergy 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.