Overview
What is Chickasaw Electric Cooperative Inc?
Chickasaw Electric Cooperative Inc, located in Somerville, Tennessee, is a nonprofit electric cooperative owned by its members. The organization's primary activity revolves around delivering affordable electricity to its member base. They generate revenue through the sale of electricity and use these funds to procure power from TVA and maintain their power grid. With a workforce of 80 employees, Chickasaw Electric Cooperative is dedicated to providing solid, budget-friendly electricity to power its members' daily lives.
Official website here: www.cecpowerup.com
Is Chickasaw Electric Cooperative Inc legitimate?
Chickasaw Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Chickasaw 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: $89,100
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,713,015
For more financial information, click here
Official website here: www.cecpowerup.com
What is the mission statement of Chickasaw Electric Cooperative Inc?
Chickasaw Electric Cooperative Inc is dedicated to providing reliable and affordable electricity to its members. Their mission is to deliver solid, low-cost electricity, powering their community members into a sustainable future. As an electric cooperative owned by its members, the cooperative generates revenue through the sale of electricity and uses these funds to purchase power from TVA and maintain the electrical supply grid. The cooperative's primary focus is on ensuring that its members have consistent access to electrical power for their daily needs.
Official website here: www.cecpowerup.com
Who is the CEO of Chickasaw Electric Cooperative Inc?
Loyd Muncy is the General Manager of Chickasaw Electric Cooperative Inc.
Official website here: www.cecpowerup.com
What is the revenue of Chickasaw Electric Cooperative Inc?
Chickasaw Electric Cooperative Inc's revenue in 2023 was $12,177,522.
Official website here: www.cecpowerup.com
Who are the executives of Chickasaw Electric Cooperative Inc and what are their salaries?
The average compensation at Chickasaw Electric Cooperative Inc during 2023 was $47,526. There are 80 employees at Chickasaw Electric Cooperative Inc.
Here are 16 key members and their salaries:
- Loyd Muncy (General Manager)
- Glenn Fones (Assistant Manager)
- Freddie Clifft Jr (Line Superintendent)
- Christopher Whittemore (Line Foreman)
- Jonathan Bowen (Crew Leader Lineman)
- Jerry Russell (Maintenance Supervisor)
- Royce Reeves (Board President) [Trustee/Director]
- Howard Dowdy (Board Secretary) [Trustee/Director]
- William Rhea (Board Member) [Trustee/Director]
- William Reeves (Board Member) [Trustee/Director]
- Mary Lou Thomas (Board Treasurer) [Trustee/Director]
- Phil Burrows (Board Member) [Trustee/Director]
- June Walker (Board Member) [Trustee/Director]
- Gordon Tomlin (Board Member) [Trustee/Director]
- John Hurdle (Board Member) [Trustee/Director]
- Vip Lewis (Board Vice President) [Trustee/Director]
Official website here: www.cecpowerup.com
Where can I find the form 990 for Chickasaw Electric Cooperative Inc?
The Chickasaw Electric Cooperative Inc’s most recent form 990 was submitted in 2023 and can be accessed here
Official website here: www.cecpowerup.com
Learn more at the official website: www.cecpowerup.com
Mission Statement of Chickasaw Electric Cooperative Inc
Chickasaw Electric Cooperative Inc, a member-owned electric utility, is dedicated to delivering reliable, affordable electricity to power the communities it serves into the future. The cooperative's mission is to provide solid, low-cost electricity to its members, ensuring they have the energy they need to thrive.
Revenue for Chickasaw Electric Cooperative Inc is generated primarily through the sale of electricity to its members. This revenue is then utilized to cover the costs of procuring power from TVA and maintaining the cooperative's electrical grid. By delivering affordable electricity, the cooperative empowers its members to lead better lives and invest in their own futures.
In essence, Chickasaw Electric Cooperative Inc serves as a vital partner to its members, ensuring they have a reliable and affordable source of electricity. This commitment extends beyond just powering homes and businesses, as it enables communities to grow, innovate, and flourish. Through its unwavering dedication to delivering solid, low-cost electricity, Chickasaw Electric Cooperative Inc is poised to help its members navigate the challenges of tomorrow and build a brighter future.
Impact
This information is meant to be a general summary of Chickasaw 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
Chickasaw Electric Cooperative Inc plays a crucial role in delivering solid, low-cost electricity to its members in order to power them into the future. As an electric cooperative owned by its members, Chickasaw Electric's impact lies in providing affordable electricity to its community in Somerville, TN. By efficiently managing revenue from electricity sales, the cooperative is able to offset costs related to power supply from TVA and maintain a reliable grid infrastructure for its members. This not only enhances the quality of life for residents but also contributes to the economic development and sustainability of the region.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FORFEITED DISCOUNTS
Revenue
$451,168
MISC
Revenue
$189,976
Organization Details
Founding Year
1943
Phone
(901) 465-3591
Principal Officer
Loyd Muncy
Main Address
17970 HWY 64 EAST, SOMERVILLE, TN, 380680000
Website
www.cecpowerup.com
NTEE Category
Code: W80 - Public benefit
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