Central Alabama Electric Cooperative

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

EIN: 630038505 ✦ Prattville, AL ✦ Designated as a 501(c)(12)

Overview

What is Central Alabama Electric Cooperative?

Central Alabama Electric Cooperative, located at 103 Jesse Samuel Hunt Blvd, Prattville, AL 36066, is a nonprofit electric utility service provider with approximately 35,818 cooperative members. Their primary mission is to deliver essential utility services to this community. With a team of 176 dedicated employees, Central Alabama Electric Cooperative strives to ensure the reliable provision of electricity to its members.


Official website here: www.caec.coop

Is Central Alabama Electric Cooperative legitimate?

Central Alabama Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Central Alabama 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: $1,755,673
Professional Fundraising Fees: $0
Other Salaries and Wages: $798,095

For more financial information, click here


Official website here: www.caec.coop

What is the mission statement of Central Alabama Electric Cooperative?

Central Alabama Electric Cooperative is dedicated to delivering utility services to its cooperative members. Its primary mission is to ensure the provision of electricity to approximately 35,818 members. This non-profit organization focuses on powering homes and businesses within its community, enhancing the quality of life for those it serves. Through consistent and reliable electric service, Central Alabama Electric Cooperative strives to contribute to the economic growth and overall well-being of its members. Additionally, the cooperative may offer various programs or initiatives to enhance the energy efficiency and sustainability of its members' lifestyles.


Official website here: www.caec.coop

Who is the CEO of Central Alabama Electric Cooperative?

Thomas Stackhouse is the President/Ce of Central Alabama Electric Cooperative.


Official website here: www.caec.coop

What is the revenue of Central Alabama Electric Cooperative?

Central Alabama Electric Cooperative's revenue in 2022 was $115,611,869.


Official website here: www.caec.coop

Who are the executives of Central Alabama Electric Cooperative and what are their salaries?

The average compensation at Central Alabama Electric Cooperative during 2022 was $14,510. There are 176 employees at Central Alabama Electric Cooperative.

Here are 22 key members and their salaries:

    Thomas Stackhouse (President/Ce)
  • Compensation: $389,352
  • Related: $0
  • Other: $219,725

    • James Gray (Vp Engineer/)
  • Compensation: $221,069
  • Related: $0
  • Other: $188,776

    • Damali Clark (Vp Corp/Fina)
  • Compensation: $203,078
  • Related: $0
  • Other: $170,937

    • Julie Young (Vp Business)
  • Compensation: $223,814
  • Related: $0
  • Other: $104,825

    • Aaron Ismail (Vp Customer/)
  • Compensation: $192,590
  • Related: $0
  • Other: $120,356

    • Scott Lee (Mgr-It)
  • Compensation: $166,181
  • Related: $0
  • Other: $99,113

    • Joel Collier (Mgr-Operatio)
  • Compensation: $169,738
  • Related: $0
  • Other: $79,757

    • Randall Morgan (Mgr-Operatio)
  • Compensation: $161,808
  • Related: $0
  • Other: $86,312

    • Connie Bainbridge (Mgr-Econ/Dev)
  • Compensation: $161,864
  • Related: $0
  • Other: $77,130

    • Walton C Montgomery (Vp Central A)
  • Compensation: $164,532
  • Related: $0
  • Other: $69,795

    • Erick Terry (Mgr-Engineer)
  • Compensation: $148,369
  • Related: $0
  • Other: $73,141

    • Charles Byrd (Chairman) [Trustee/Director]
  • Compensation: $44,000
  • Related: $0
  • Other: $0

    • Van Smith (Vice Chairma) [Trustee/Director]
  • Compensation: $42,450
  • Related: $0
  • Other: $0

    • Terry Mitchell (Trustee)
  • Compensation: $41,850
  • Related: $0
  • Other: $0

    • Nicole Law (Trustee)
  • Compensation: $39,500
  • Related: $1,800
  • Other: $0

    • Mark Gray (Trustee)
  • Compensation: $39,500
  • Related: $0
  • Other: $0

    • Mark Presnell (Secretary/Tr) [Trustee/Director]
  • Compensation: $38,150
  • Related: $1,350
  • Other: $0

    • Mike Lamar (Trustee)
  • Compensation: $37,250
  • Related: $1,350
  • Other: $0

    • Chase Riddle (Trustee)
  • Compensation: $38,600
  • Related: $0
  • Other: $0

    • Patsy Holmes (Trustee)
  • Compensation: $24,850
  • Related: $0
  • Other: $0

    • James Parnell (Trustee)
  • Compensation: $24,400
  • Related: $400
  • Other: $0

    • Jimmie Harrison (Trustee)
  • Compensation: $7,800
  • Related: $450
  • Other: $0


  • Official website here: www.caec.coop

    Where can I find the form 990 for Central Alabama Electric Cooperative?

    The Central Alabama Electric Cooperative’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.caec.coop

    Learn more at the official website: www.caec.coop

    Mission Statement of Central Alabama Electric Cooperative

    Central Alabama Electric Cooperative, or CAEC, is a dedicated organization that strives to provide essential utility services to its cooperative members. Established with a clear mission, CAEC works tirelessly to ensure that electricity reaches approximately 35,818 households in the community.

    The cooperative's primary goal is to deliver electricity services, a crucial necessity in modern life. CAEC's unwavering commitment to its members underpins its daily operations. By providing utility service, the cooperative plays a vital role in enhancing the quality of life for the families and communities it serves. Furthermore, it ensures that the power needs of its members are met reliably and efficiently.

    CAEC is more than just a utility provider; it is a responsible and dedicated partner to its members. Its unwavering dedication to its mission is evident in its consistent efforts to meet the electricity needs of its cooperative members. The organization takes pride in its ability to maintain a strong and resilient power infrastructure, enabling it to respond effectively to any challenges that may arise and ensure a stable electricity supply for all.

    Impact

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




    Thursday, August 15, 2024

    Central Alabama Electric Cooperative's impact is significant, as it provides electric utility service to approximately 35,818 cooperative members in Prattville, Alabama. Through its mission to provide utility service to cooperative members, it plays a crucial role in ensuring access to essential services for its community members.





    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 2022.

  • Investment Income: $57,220
  • Program Service Revenue: $105,980,445
  • Gross Receipts: $115,611,869

    • Assets and Liabilities:
  • Total Assets: $384,116,824
  • Total Liabilities: $262,273,483
  • Net Assets: $121,843,341
  • Programs

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

    ELECTRIC SALES

    Revenue

    $104,898,140

    POLE ATTACHMENTS

    Revenue

    $1,082,305

    Organization Details

    Principal Officer

    Thomas Stackhouse

    Main Address

    103 JESSE SAMUEL HUNT BLVD, PRATTVILLE, AL, 36066

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Central Alabama Electric 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.