Coahoma Electric Power Assn

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

EIN: 640137498 ✦ Lyon, MS ✦ Designated as a 501(c)(12)

Overview

What is Coahoma Electric Power Assn?

Coahoma Electric Power Association, based in Lyon, Mississippi, is a nonprofit electric cooperative serving approximately 8,000 rural customers in Northwest Mississippi. Their mission is to distribute affordable electricity to the community. A recent update has improved voltage consistency in their territory, enhancing the overall power distribution and reliability. The cooperative employs a team of 52 individuals to ensure the efficient delivery of power to its customers.


Official website here: www.coahomaepa.com

Is Coahoma Electric Power Assn legitimate?

Coahoma Electric Power Assn is a legitimate nonprofit organization registered as a 501(c)(12) entity. Coahoma Electric Power Assn 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: $404,441
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,973,337

For more financial information, click here


Official website here: www.coahomaepa.com

What is the mission statement of Coahoma Electric Power Assn?

Coahoma Electric Power Association is a non-profit electric cooperative dedicated to delivering affordable electricity to around 8,000 rural residents in North Mississippi. Their primary mission is to ensure a consistent and reliable power supply for their customer base, improving overall power quality by implementing a single voltage standard. The cooperative's ultimate goal is to enhance the lives of its community members by providing them with essential electrical services at an affordable cost.


Official website here: www.coahomaepa.com

Who is the CEO of Coahoma Electric Power Assn?

Keith Hurt is the General Manager of Coahoma Electric Power Assn.


Official website here: www.coahomaepa.com

What is the revenue of Coahoma Electric Power Assn?

Coahoma Electric Power Assn's revenue in 2022 was $20,605,799.


Official website here: www.coahomaepa.com

Who are the executives of Coahoma Electric Power Assn and what are their salaries?

The average compensation at Coahoma Electric Power Assn during 2022 was $45,726. There are 52 employees at Coahoma Electric Power Assn.

Here are 11 key members and their salaries:

    Keith Hurt (General Manager)
  • Compensation: $155,080
  • Related: $0
  • Other: $0

    • Jeff Noland (Operations Manager)
  • Compensation: $104,358
  • Related: $0
  • Other: $0

    • Robert W Burke (Office Manager, Assistant Secretary)
  • Compensation: $83,101
  • Related: $0
  • Other: $0

    • R Mike Tyner (Director, Chairman)
  • Compensation: $7,850
  • Related: $0
  • Other: $0

    • Wiley Bland (Director)
  • Compensation: $7,800
  • Related: $0
  • Other: $0

    • Alden Bell (Director)
  • Compensation: $7,800
  • Related: $0
  • Other: $0

    • William H Hardin (Director)
  • Compensation: $7,800
  • Related: $0
  • Other: $0

    • Abbott R Myers (Director, Secretary)
  • Compensation: $7,800
  • Related: $0
  • Other: $0

    • John Mckee Iii (Director)
  • Compensation: $7,750
  • Related: $0
  • Other: $0

    • Wesley Bailey (Director)
  • Compensation: $7,750
  • Related: $0
  • Other: $0

    • Kerry Temple (Director)
  • Compensation: $7,750
  • Related: $0
  • Other: $0


  • Official website here: www.coahomaepa.com

    Where can I find the form 990 for Coahoma Electric Power Assn?

    The Coahoma Electric Power Assn’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.coahomaepa.com

    Learn more at the official website: www.coahomaepa.com

    Mission Statement of Coahoma Electric Power Assn

    Coahoma Electric Power Association, a dedicated Electric Cooperative, strives to fulfill the vital mission of supplying affordable electricity to around 8,000 rural residents in Northwest Mississippi. By providing reliable and economical power, this organization plays a significant role in enhancing the daily lives and livelihoods of those it serves.

    In pursuit of its objective, Coahoma Electric Power Association has implemented various initiatives to ensure an efficient power distribution network. One such initiative involves upgrading voltage differences in the territory to one voltage level. This change has led to noticeable improvements in the overall switching and reliability of power supply. With this enhancement, the Cooperative has been able to offer a more consistent and dependable power experience to its customers, further strengthening its commitment to serving the community.

    Coahoma Electric Power Association's unwavering dedication to providing affordable power to its customers is a testament to its mission. Through its efforts, the organization has become an essential provider of electricity to rural residents in Northwest Mississippi, ensuring that they have access to this essential resource. In turn, the Cooperative contributes to the economic growth and development of the region by enabling businesses and families to flourish with the support of a reliable power supply.

    Impact

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




    Thursday, August 15, 2024

    Coahoma Electric Power Association's impact is significant in providing low-cost power to approximately 8,000 rural customers in Northwest Mississippi. By updating the voltage difference in its territory to one voltage, the association has improved switching and reliability for its customers. This initiative has contributed to enhancing the quality of life for rural communities by ensuring a stable and affordable supply of electricity.





    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: $82,285
  • Program Service Revenue: $20,175,619
  • Gross Receipts: $20,605,799

    • Assets and Liabilities:
  • Total Assets: $50,480,063
  • Total Liabilities: $18,772,022
  • Net Assets: $31,708,041
  • Programs

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

    Sale of Electricity

    Revenue

    $19,525,708

    Cooperative Energy Patronage

    Revenue

    $332,962

    Other Patronage

    Revenue

    $74,589

    Pole Rental

    Revenue

    $242,360

    Organization Details

    Founding Year

    1937

    Principal Officer

    Keith Hurt

    Main Address

    PO BOX 188 340 HOPSON AVE, LYON, MS, 38645

    NTEE Category

    Code: W80 - Public benefit

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