Caney Fork Electric Cooperative Inc

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

EIN: 620148804 ✦ Mcminnville, TN ✦ Designated as a 501(c)(12)

Overview

What is Caney Fork Electric Cooperative Inc?

Caney Fork Electric Cooperative Inc is a nonprofit organization based in McMinnville, Tennessee. They specialize in providing electric services to residents in rural areas, dedicated to ensuring power access for their cooperative members. With a team of 87 employees, they focus on delivering reliable electricity to enhance the living conditions and daily lives of those in the community. Their mission remains unwavering, as they continue to prioritize the needs of their members and strive for a sustainable energy solution in the region.


Is Caney Fork Electric Cooperative Inc legitimate?

Caney Fork Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Caney Fork 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: $766,033
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Caney Fork Electric Cooperative Inc?
Who is the CEO of Caney Fork Electric Cooperative Inc?
What is the revenue of Caney Fork Electric Cooperative Inc?
Who are the executives of Caney Fork Electric Cooperative Inc and what are their salaries?

The average compensation at Caney Fork Electric Cooperative Inc during 2023 was $8,805. There are 87 employees at Caney Fork Electric Cooperative Inc.

Here are 20 key members and their salaries:


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

Mission Statement of Caney Fork Electric Cooperative Inc

Caney Fork Electric Cooperative Inc is a mission-driven organization dedicated to providing electric services in rural areas to its cooperative members. The Cooperative's primary goal is to ensure that residents in remote locations have access to reliable and consistent electric power. By delivering electricity to these areas, Caney Fork Electric Cooperative Inc enhances the quality of life for its members and enables them to carry out essential daily activities. The Cooperative's unwavering commitment to its cause extends beyond just supplying electricity; it is focused on improving the standard of living for those residing in rural communities.

Caney Fork Electric Cooperative Inc's team of dedicated professionals works tirelessly to maintain a robust and efficient electrical infrastructure. Through their efforts, members of the Cooperative can depend on a stable power source, enabling them to run their homes and businesses efficiently. Furthermore, by providing electric service to rural areas, Caney Fork Electric Cooperative Inc plays a crucial role in supporting the economic growth of these communities. The organization's work empowers residents to build thriving businesses and creates opportunities for sustainable development.

In summary, Caney Fork Electric Cooperative Inc is a not-for-profit entity dedicated to bringing electricity to rural areas and enhancing the lives of its members. By focusing on providing essential electric services, the Cooperative fosters economic growth and enhances the overall well-being of the rural communities it serves.

Impact

This information is meant to be a general summary of Caney Fork 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

Caney Fork Electric Cooperative Inc's impact lies in its ability to provide essential electric service to residents in rural areas. By ensuring a reliable source of electricity to its members, Caney Fork Electric Cooperative Inc plays a crucial role in enhancing the quality of life, supporting economic development, and improving overall well-being in the communities it serves. Through its mission to provide electricity to rural areas, Caney Fork Electric Cooperative Inc contributes to bridging the gap in access to essential services and empowering individuals and businesses to thrive.





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 2023.

  • Investment Income: $387,845
  • Program Service Revenue: $77,206,056
  • Gross Receipts: $77,606,579

    • Assets and Liabilities:
  • Total Assets: $146,308,723
  • Total Liabilities: $67,389,734
  • Net Assets: $78,918,989
  • Programs

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

    Electric service

    Revenue

    $77,206,056

    Organization Details

    Founding Year

    1940

    Principal Officer

    Albert R Dicus

    Main Address

    PO BOX 272, MCMINNVILLE, TN, 37111

    NTEE Category

    Code: W80 - Public benefit

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