Overview
What is Sequachee Valley Electric Cooperative?
Sequachee Valley Electric Cooperative (SVEC) is a nonprofit rural electric utility based primarily in the southeastern Tennessee counties of Bledsoe, Grundy, Marion, and Sequatchie, with additional members in portions of Van Buren, Rhea, Cumberland, Franklin, Coffee, and Hamilton counties. Their mission is to provide electricity sales to their 38,213 members, and in return, they offer a monthly magazine and newsletter. As a service organization, SVEC focuses on meeting the energy and community needs of its members. Employing a team of 103 individuals, they deliver electricity to enhance the daily lives and wellbeing of residents in their service area.
Official website here: www.svalleyec.com
Is Sequachee Valley Electric Cooperative legitimate?
Sequachee Valley Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Sequachee Valley Electric 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: $1,056,216
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,204,256
For more financial information, click here
Official website here: www.svalleyec.com
What is the mission statement of Sequachee Valley Electric Cooperative?
The Sequachee Valley Electric Cooperative (SVEC) is dedicated to fulfilling the energy requirements of its members. Their mission goes beyond just selling electricity; they also provide a monthly magazine and newsletter to their customers. SVEC operates as a service organization, catering to the energy and community needs of its members. With a customer base of approximately 38,000 members, the cooperative primarily serves the southeastern Tennessee counties of Bledsoe, Grundy, Marion, and Sequatchie, alongside portions of Van Buren, Rhea, Cumberland, Franklin, Coffee, and Hamilton Counties.
Official website here: www.svalleyec.com
Who is the CEO of Sequachee Valley Electric Cooperative?
Michael Jordan is the Board Chairm of Sequachee Valley Electric Cooperative.
Official website here: www.svalleyec.com
What is the revenue of Sequachee Valley Electric Cooperative?
Sequachee Valley Electric Cooperative's revenue in 2023 was $112,585,937.
Official website here: www.svalleyec.com
Who are the executives of Sequachee Valley Electric Cooperative and what are their salaries?
The average compensation at Sequachee Valley Electric Cooperative during 2023 was $80,199. There are 103 employees at Sequachee Valley Electric Cooperative.
Here are 22 key members and their salaries:
- Terry Michael Partin (President/Ce)
- Danny Kirkendoll (Vp-Engineeri)
- F A Hatfield Jr (Vp-Admin. Se)
- Susan B Duggar (Vp-Customer)
- Thomas R Mcclure (District Man)
- William F Bradford (Journeyman L)
- Zachary B Stewart (Journeyman L)
- Jordan C Brown (Journeyman L)
- Matthew H Brewer (Vp-Admin. Se)
- Robert Matheny (Former Offic)
- Michael Jordan (Board Chairm) [Trustee/Director]
- William Gaston (Director)
- Randall Gilliam (Director)
- Jerry Don Thomas (Director)
- Bobby Gravitt Jr (Director)
- Robert Sherrill (Director)
- Roger Powell (Vice-Chairma) [Trustee/Director]
- Travis Smith (Director)
- Judy Fults (Secretary/Tr) [Trustee/Director]
- Daniel Davenport (Director)
- John Nale (Director)
- Charles R Young (Director)
Official website here: www.svalleyec.com
Where can I find the form 990 for Sequachee Valley Electric Cooperative?
The Sequachee Valley Electric Cooperative’s most recent form 990 was submitted in 2023 and can be accessed here
Official website here: www.svalleyec.com
Learn more at the official website: www.svalleyec.com
Mission Statement of Sequachee Valley Electric Cooperative
Sequachee Valley Electric Cooperative, also known as SVEC, is a mission-driven organization devoted to providing electric sales and essential communications to its members. Located primarily in the southeastern Tennessee counties of Bledsoe, Grundy, Marion, and Sequatchie, SVEC serves a community of 38,213 members.
In simple terms, SVEC's primary role is to ensure that electricity reaches its members' homes and businesses. However, it goes beyond just energy sales. The cooperative takes pride in its commitment to enhancing the community by delivering a monthly magazine and newsletter. By offering this additional service, SVEC aims to foster a stronger sense of connection among its members and keep them informed about the cooperative's initiatives and happenings.
SVEC is more than just a utility provider; it's a service organization that prioritizes meeting the energy and community needs of its member-customers. By focusing on the unique requirements and concerns of rural communities, SVEC successfully addresses the diverse needs of its members. This approach allows SVEC to make a positive impact on the lives of those it serves and contribute to a more sustainable and vibrant community.
Impact
This information is meant to be a general summary of Sequachee Valley Electric Cooperative. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Sequachee Valley Electric Cooperative's impact is significant in providing reliable electricity to its 38,213 members primarily located in southeastern Tennessee counties. By ensuring the availability of electricity, SVEC plays a crucial role in powering homes, businesses, and essential services in the region. Additionally, through their monthly magazine and newsletter, SVEC keeps members informed about energy-related information and community events, fostering a sense of connectivity and engagement within the cooperative. Overall, Sequachee Valley Electric Cooperative's presence contributes to the well-being and development of the communities it serves.
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.
ELECTRIC SERVICE REVENUE
Revenue
$103,212,950
SERVICE REVENUE - SV CONNECT
Revenue
$6,955,282
POLE RENTAL INCOME
Revenue
$1,823,040
LEASE OF FIBER
Revenue
$15,000
Organization Details
Founding Year
1939
Phone
(423) 837-8605
Principal Officer
Michael Jordan
Main Address
PO BOX 31, SOUTH PITTSBURG, TN, 37380
Website
www.svalleyec.com
NTEE Category
Code: W80 - Public benefit
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