Tri-State Electric Membership Corp

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

EIN: 620459672 ✦ Mccaysville, GA ✦ Designated as a 501(c)(12)

Overview

What is Tri-State Electric Membership Corp?

Tri-State Electric Membership Corp is a nonprofit organization committed to providing electric energy and related services to rural communities. With a mission to power the lives of over 21,000 customers, the cooperative focuses on delivering essential electricity to these areas. The cooperative's activities ensure that rural residents have access to reliable and essential electric energy services.


Official website here: www.tsemc.net

Is Tri-State Electric Membership Corp legitimate?

Tri-State Electric Membership Corp is a legitimate nonprofit organization registered as a 501(c)(12) entity. Tri-State Electric Membership 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: $193,412
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,147,795

For more financial information, click here


Official website here: www.tsemc.net

What is the mission statement of Tri-State Electric Membership Corp?

Tri-State Electric Membership Corp is dedicated to supplying electric energy to rural areas. The cooperative aims to bring electricity and related services to over 21,000 customers in the specified region. Their mission is centered around providing essential power to communities that may not have easy access to it. This commitment extends beyond just electricity, as the corporation strives to make a positive impact on the lives of those in rural areas. By delivering electricity, Tri-State Electric Membership Corp enables residents to improve their standard of living, power their homes and businesses, and contribute to local economic growth.


Official website here: www.tsemc.net

Who is the CEO of Tri-State Electric Membership Corp?

Stacy Chastain is the President of Tri-State Electric Membership Corp.


Official website here: www.tsemc.net

What is the revenue of Tri-State Electric Membership Corp?

Tri-State Electric Membership Corp's revenue in 2023 was $44,052,083.


Official website here: www.tsemc.net

Who are the executives of Tri-State Electric Membership Corp and what are their salaries?

The average compensation at Tri-State Electric Membership Corp during 2023 was $100,958. There are 43 employees at Tri-State Electric Membership Corp.

Here are 12 key members and their salaries:

    Stacy Chastain (General Manager)
  • Compensation: $185,537
  • Related: $0
  • Other: $75,339

    • Chuck Thomas (Operations Manager)
  • Compensation: $131,380
  • Related: $0
  • Other: $48,629

    • Chris Hulsey (Human Resource Manager)
  • Compensation: $112,668
  • Related: $0
  • Other: $56,346

    • Christy Setser (Finance Manager)
  • Compensation: $110,139
  • Related: $0
  • Other: $56,345

    • Lisa Hood (Human Resource Manager)
  • Compensation: $100,662
  • Related: $0
  • Other: $48,629

    • Jesse Miller (Vice President) [Trustee/Director]
  • Compensation: $2,275
  • Related: $0
  • Other: $35,575

    • Jerry Pack (President) [Trustee/Director]
  • Compensation: $2,575
  • Related: $0
  • Other: $25,815

    • Houston Rogers (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $3,025
  • Related: $0
  • Other: $13,866

    • Jim Quintrell (Director)
  • Compensation: $2,275
  • Related: $0
  • Other: $13,866

    • William Barker (Director)
  • Compensation: $2,275
  • Related: $0
  • Other: $13,866

    • Bill Joe Postell (Director)
  • Compensation: $2,275
  • Related: $0
  • Other: $13,854

    • Tom Stiles (Director)
  • Compensation: $2,275
  • Related: $0
  • Other: $13,848


  • Official website here: www.tsemc.net

    Where can I find the form 990 for Tri-State Electric Membership Corp?

    The Tri-State Electric Membership Corp’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.tsemc.net

    Learn more at the official website: www.tsemc.net

    Mission Statement of Tri-State Electric Membership Corp

    Tri-State Electric Membership Corp, a cooperative organization, is dedicated to providing electric energy to rural communities. In simpler terms, this nonprofit endeavors to bring electricity to areas that lie beyond the reach of traditional power suppliers. With a mission to light up the lives of over 21,000 customers, Tri-State Electric Membership Corp is a beacon of hope, bringing the essential conveniences of modern living to rural regions. By offering electric energy and related services, this cooperative plays a pivotal role in improving the quality of life for countless families and individuals in these areas.

    Impact

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




    Thursday, August 15, 2024

    Tri-State Electric Membership Corp provides essential electric energy and related services to rural areas, serving over 21,000 customers in McCaysville, Georgia. Their impact lies in ensuring reliable access to electricity for rural communities, contributing to economic development, improving quality of life, and fostering growth in these areas. Through their mission to provide electric energy to rural areas, Tri-State Electric Membership Corp plays a vital role in supporting the sustainability and prosperity of the communities they serve.





    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: $124,164
  • Program Service Revenue: $43,223,543
  • Gross Receipts: $44,069,987

    • Assets and Liabilities:
  • Total Assets: $61,245,925
  • Total Liabilities: $27,214,308
  • Net Assets: $34,031,617
  • Programs

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

    ENERGY SALES

    Revenue

    $43,143,043

    SERVICE SALES

    Revenue

    $80,500

    Organization Details

    Founding Year

    1971

    Principal Officer

    Stacy Chastain

    Main Address

    PO BOX 68, MCCAYSVILLE, GA, 30555

    NTEE Category

    Code: W80 - Public benefit

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