Overview
What is Covington Electric Cooperative Inc?
Covington Electric Cooperative Inc, located in Andalusia, Alabama (ZIP code 36421), is a nonprofit electric cooperative that serves approximately 23,000 member-owners in southern Alabama. Their primary mission revolves around distributing electric energy to their cooperative members. The cooperative operates as an electric distribution cooperative and strives to fulfill this mission with a workforce of 87 employees. Its main goal is to provide essential electric services to its community, contributing to the well-being and daily life of its members.
Official website here: www.cov-elect.com
Is Covington Electric Cooperative Inc legitimate?
Covington Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Covington 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: $972,289
Professional Fundraising Fees: $0
Other Salaries and Wages: $548,545
For more financial information, click here
Official website here: www.cov-elect.com
What is the mission statement of Covington Electric Cooperative Inc?
Covington Electric Cooperative Inc serves as an electric distribution cooperative, dedicated to supplying power to approximately 23,000 member-owners residing in various parts of Alabama. The cooperative's primary mission revolves around delivering reliable electric service to these individuals. Its core objective is to ensure every community member has consistent access to electricity. The cooperative's mission goes beyond just electricity distribution, as it strives to build and maintain strong relationships with its members. By prioritizing their needs and concerns, the cooperative aims to foster a sense of partnership and trust within the community. Moreover, the cooperative endeavors to provide responsive customer services, addressing any inquiries or concerns with professionalism and efficiency.
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Who is the CEO of Covington Electric Cooperative Inc?
Mark G Parker is the President & of Covington Electric Cooperative Inc.
Official website here: www.cov-elect.com
What is the revenue of Covington Electric Cooperative Inc?
Covington Electric Cooperative Inc's revenue in 2022 was $63,715,088.
Official website here: www.cov-elect.com
Who are the executives of Covington Electric Cooperative Inc and what are their salaries?
The average compensation at Covington Electric Cooperative Inc during 2022 was $17,481. There are 87 employees at Covington Electric Cooperative Inc.
Here are 15 key members and their salaries:
- Charles E Short (President &)
- Kimberly M Carter (Vp Finance)
- Mark G Parker (President &)
- Bert L Champion (Vp Operation)
- Francis M Chirico (Director En)
- Randall Helms (Operations M)
- Ronnie Dixon (Construction)
- William Baines (Director Tel)
- John Johnson (Construction)
- Charles Grace (Trustee)
- Willie B Smith Jr (Chairman) [Trustee/Director]
- Patricia C Janasky (Secretary/Tr) [Trustee/Director]
- James F Martin Jr (Trustee)
- William G King Jr (Assistant Se) [Trustee/Director]
- C Heflin Smith (Vice Chairma) [Trustee/Director]
Official website here: www.cov-elect.com
Where can I find the form 990 for Covington Electric Cooperative Inc?
The Covington Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here
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Learn more at the official website: www.cov-elect.com
Mission Statement of Covington Electric Cooperative Inc
Covington Electric Cooperative Inc, a cooperative by nature, is dedicated to fulfilling an essential mission in southern Alabama. With approximately 23,000 member-owners relying on them, this organization goes beyond just distributing electric energy. Instead, it prioritizes delivering a reliable and uninterrupted power supply to its community.
The cooperative's primary objective revolves around serving its members effectively. By focusing on their needs, Covington Electric Cooperative Inc ensures that each household and business is well-equipped with the necessary electric energy to function optimally. The cooperative's commitment to its members is unwavering, making it an integral part of their daily lives.
Covington Electric Cooperative Inc operates as a responsive and customer-centric organization. Its mission is to provide not just electricity but also a sense of security and stability to its members. The cooperative's team is always on hand to address any concerns or issues that may arise, ensuring a collaborative and supportive relationship between the organization and its community.
In summary, Covington Electric Cooperative Inc is more than just an electric distribution company. It is a dedicated and community-focused organization that prioritizes its members and their needs, ensuring a reliable and uninterrupted electric energy supply.
Impact
This information is meant to be a general summary of Covington 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
Covington Electric Cooperative Inc's impact lies in its provision of essential electric distribution services to approximately 23,000 member-owners in southern Alabama. By ensuring reliable access to electricity, the cooperative plays a crucial role in supporting the daily lives, businesses, and overall well-being of individuals and communities within its service area. This impact extends to enhancing quality of life, promoting economic development, and fostering a sense of community among its members.
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 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES OF ELECTRICITY
Revenue
$60,297,577
POLE RENTALS
Revenue
$941,291
OTHER SALES TO MEMBERS
Revenue
$634,259
Organization Details
Founding Year
1944
Phone
(334) 222-4121
Principal Officer
Mark G Parker
Main Address
18836 US HWY 84, ANDALUSIA, AL, 36421
Website
www.cov-elect.com
NTEE Category
Code: W80 - Public benefit
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