Tombigbee Electric Cooperative Inc

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

EIN: 630211368 ✦ Hamilton, AL ✦ Designated as a 501(c)(12)

Overview

What is Tombigbee Electric Cooperative Inc?

Tombigbee Electric Cooperative Inc is a nonprofit organization based in Hamilton, Alabama, specifically located at 3196 County Highway 55. They serve the communities of Marion, Lamar, and Fayette Counties with a membership base of approximately 7,330 individuals. The cooperative's primary mission is to provide electric services and related products and services to its members. With a team of 28 dedicated employees, they strive to ensure a reliable and efficient power supply to enrich the lives of those they serve.


Official website here: www.tombigbee.net

Is Tombigbee Electric Cooperative Inc legitimate?

Tombigbee Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Tombigbee 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: $599,641
Professional Fundraising Fees: $0
Other Salaries and Wages: $495,237

For more financial information, click here


Official website here: www.tombigbee.net

What is the mission statement of Tombigbee Electric Cooperative Inc?

Tombigbee Electric Cooperative Inc is dedicated to supplying electric services and related products and solutions to its membership base. The cooperative's primary mission revolves around catering to the power needs of its members. Currently, it serves over 7,000 members in various communities. The cooperative's commitment extends beyond just providing electricity; it strives to ensure that its offerings meet the diverse requirements of its clientele.


Official website here: www.tombigbee.net

Who is the CEO of Tombigbee Electric Cooperative Inc?

Steve Foshee is the Ceo of Tombigbee Electric Cooperative Inc.


Official website here: www.tombigbee.net

What is the revenue of Tombigbee Electric Cooperative Inc?

Tombigbee Electric Cooperative Inc's revenue in 2020 was $17,768,087.


Official website here: www.tombigbee.net

Who are the executives of Tombigbee Electric Cooperative Inc and what are their salaries?


Official website here: www.tombigbee.net

Where can I find the form 990 for Tombigbee Electric Cooperative Inc?

The Tombigbee Electric Cooperative Inc’s most recent form 990 was submitted in 2020 and can be accessed here


Official website here: www.tombigbee.net

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

Mission Statement of Tombigbee Electric Cooperative Inc

Tombigbee Electric Cooperative Inc, a dedicated nonprofit organization, is committed to providing electric service and related products and services to its members. This mission statement encapsulates the core purpose of the cooperative, which is to ensure the provision of essential electric power to its community.

Located in Marion, Lamar, and Fayette Counties, Alabama, Tombigbee Electric Cooperative Inc serves a membership of 7,330 individuals. The organization's primary goal is to deliver reliable power to its members, enabling them to lead comfortable and efficient lives. Beyond electric service, the cooperative also offers related products and services to cater to the unique needs of its community.

Tombigbee Electric Cooperative Inc is more than just a utility provider; it is a vital partner and support system for its members. By focusing on the needs of its community, the cooperative fosters a sense of unity and collaboration among its members. Through its unwavering commitment to service, Tombigbee Electric Cooperative Inc continues to make a positive impact on the lives of those it serves.

Impact

This information is meant to be a general summary of Tombigbee 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

Tombigbee Electric Cooperative Inc plays a significant role in providing electric service and related products to its members in Marion, Lamar, and Fayette counties in Alabama. With a membership of 7,330 individuals, this organization ensures that its members have access to essential electricity services. By fulfilling its mission to provide electric service and related products to its members, Tombigbee Electric Cooperative Inc positively impacts the communities it serves by contributing to their overall well-being and quality of life.





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 2020.

  • Investment Income: $106,080
  • Program Service Revenue: $17,342,742
  • Gross Receipts: $17,795,950
  • Programs

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

    ELECTRIC SALES

    Revenue

    $17,342,742

    Organization Details

    Founding Year

    1950

    Principal Officer

    Steve Foshee

    Main Address

    3196 COUNTY HIGHWAY 55, HAMILTON, AL, 35570

    NTEE Category

    Code: W80 - Public benefit

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