Volunteer Energy Cooperative

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

EIN: 620395590 ✦ Decatur, TN ✦ Designated as a 501(c)(12)

Overview

What is Volunteer Energy Cooperative?

Volunteer Energy Cooperative is a nonprofit organization based on delivering electric energy and associated services to rural areas. With a customer base of over 125,000 individuals, the cooperative aims to ensure access to essential energy resources in these regions. The organization's mission is to provide reliable and effective energy solutions, catering to the unique needs of rural communities.


Official website here: www.vec.org

Is Volunteer Energy Cooperative legitimate?

Volunteer Energy Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Volunteer Energy 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: $934,747
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,280,705

For more financial information, click here


Official website here: www.vec.org

What is the mission statement of Volunteer Energy Cooperative?

The Volunteer Energy Cooperative is dedicated to supplying electric energy and related services to rural communities. Serving over 125,000 customers, the cooperative plays a vital role in bringing essential energy resources to these areas. Its mission is geared towards ensuring rural regions have access to reliable electric energy for their daily needs. By providing electric energy and related services, the cooperative enhances the quality of life for its customers in these communities.


Official website here: www.vec.org

Who is the CEO of Volunteer Energy Cooperative?

Dion Cooper is the Former Offic of Volunteer Energy Cooperative.


Official website here: www.vec.org

What is the revenue of Volunteer Energy Cooperative?

Volunteer Energy Cooperative's revenue in 2023 was $298,075,624.


Official website here: www.vec.org

Who are the executives of Volunteer Energy Cooperative and what are their salaries?

The average compensation at Volunteer Energy Cooperative during 2023 was $63,008. There are 178 employees at Volunteer Energy Cooperative.

Here are 23 key members and their salaries:

    Roderick R Blevins (Former Offic)
  • Compensation: $372,100
  • Related: $0
  • Other: $153,317

    • Patty Hurley (Interim Pres)
  • Compensation: $228,399
  • Related: $0
  • Other: $13,800

    • Stacey Hill (Service Fore)
  • Compensation: $147,148
  • Related: $0
  • Other: $56,132

    • Mark Verstynen (Vp Accountin)
  • Compensation: $150,274
  • Related: $0
  • Other: $52,588

    • Matthew Teague (Vp Of Engine)
  • Compensation: $158,587
  • Related: $0
  • Other: $41,816

    • Michael Bice (Lineman)
  • Compensation: $168,921
  • Related: $0
  • Other: $24,114

    • Mark Kennedy (Lineman)
  • Compensation: $152,041
  • Related: $0
  • Other: $36,111

    • Dustin Bates (Lineman)
  • Compensation: $160,495
  • Related: $0
  • Other: $22,323

    • Brandon Moses (Lineman)
  • Compensation: $148,553
  • Related: $0
  • Other: $18,882

    • Dion Cooper (President/Ce)
  • Compensation: $29,595
  • Related: $0
  • Other: $1,443

    • Kenneth Carey Jr (Director)
  • Compensation: $21,352
  • Related: $0
  • Other: $0

    • John Buchanan (Director)
  • Compensation: $20,752
  • Related: $0
  • Other: $0

    • Aubie Smith (Chairman) [Trustee/Director]
  • Compensation: $20,752
  • Related: $0
  • Other: $0

    • Larry Storie (Director)
  • Compensation: $19,924
  • Related: $0
  • Other: $0

    • Jerry Henley (Director)
  • Compensation: $19,624
  • Related: $0
  • Other: $0

    • Sammy Norton (Secretary/Tr) [Trustee/Director]
  • Compensation: $19,324
  • Related: $0
  • Other: $0

    • Keith Phillips (Director)
  • Compensation: $18,952
  • Related: $0
  • Other: $0

    • Tim Handler (Asst Sec/Tre) [Trustee/Director]
  • Compensation: $18,600
  • Related: $0
  • Other: $0

    • William J Campbell (Vice-Chairma) [Trustee/Director]
  • Compensation: $18,424
  • Related: $0
  • Other: $0

    • Mike Frazier (Director)
  • Compensation: $16,924
  • Related: $0
  • Other: $0

    • David J Milen (Director)
  • Compensation: $16,624
  • Related: $0
  • Other: $0

    • Randy Bond (Director)
  • Compensation: $13,818
  • Related: $0
  • Other: $0

    • Philip Smith (Director)
  • Compensation: $2,271
  • Related: $0
  • Other: $0


  • Official website here: www.vec.org

    Where can I find the form 990 for Volunteer Energy Cooperative?

    The Volunteer Energy Cooperative’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.vec.org

    Learn more at the official website: www.vec.org

    Mission Statement of Volunteer Energy Cooperative

    Volunteer Energy Cooperative, a dedicated organization, is committed to bringing electric energy and related services to rural communities. With a customer base of over 125,000, this Cooperative plays a significant role in ensuring access to essential energy resources for those living in less populated areas. Through its mission, Volunteer Energy Cooperative strives to bridge the energy gap and improve the quality of life for its customers.

    In simple terms, Volunteer Energy Cooperative exists to deliver electric energy to rural communities, providing them with the vital resources necessary for modern living. Its service reaches beyond the mere provision of electricity, extending to related services that cater to the unique needs of rural populations. The Cooperative's dedication to its mission is unwavering, with more than 113,068 customers relying on its services.

    Volunteer Energy Cooperative's commitment to its customers goes beyond the numbers. It is an organization that understands the importance of reliable energy in creating opportunities for growth and development in rural communities. By providing electric energy and related services, Volunteer Energy Cooperative empowers its customers to build a better future for themselves and their families. Through its unwavering dedication and commitment, this Cooperative continues to make a difference in the lives of countless individuals in rural areas.

    Impact

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




    Thursday, August 15, 2024

    Volunteer Energy Cooperative's impact lies in providing electric energy and related services to rural areas, benefitting over 125,317 customers. By ensuring access to essential electricity services in these underserved regions, Volunteer Energy Cooperative plays a vital role in enhancing the quality of life, promoting economic development, and fostering community resilience. This cooperative's commitment to delivering reliable electricity to its customers facilitates daily activities, supports businesses, and contributes to the overall well-being of the communities it serves.





    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: $6,263,989
  • Program Service Revenue: $287,508,193
  • Gross Receipts: $300,419,763

    • Assets and Liabilities:
  • Total Assets: $375,821,618
  • Total Liabilities: $60,140,425
  • Net Assets: $315,681,193
  • Programs

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

    SALE OF ELECTRIC ENERGY

    Revenue

    $287,235,866

    NATURAL GAS SALES

    Revenue

    $144,389

    MISCELLANEOUS PROGRAM SERVICE

    Revenue

    $127,938

    Organization Details

    Founding Year

    1935

    Principal Officer

    Dion Cooper

    Main Address

    P O BOX 277, DECATUR, TN, 37322

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Volunteer Energy Cooperative 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.