Overview
What is Cooperative Energy?
Cooperative Energy is a consumer-owned, non-profit organization based in Hattiesburg, Mississippi. Their primary mission is to provide affordable and reliable electric energy to 11 member cooperatives, collectively serving approximately 448,535 meters in Mississippi. Operating as a cohesive unit, Cooperative Energy and the member systems transmit wholesale electricity through generation and purchase. In the year 2022, they supplied 10,368,614 MWH of energy to the 11 member cooperatives. The organization's workforce comprises 567 employees dedicated to ensuring energy accessibility for their cooperative members and their retail consumers.
Official website here: www.cooperativeenergy.com
Is Cooperative Energy legitimate?
Cooperative Energy is a legitimate nonprofit organization registered as a 501(c)(12) entity. Cooperative Energy 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: $5,451,722
Professional Fundraising Fees: $0
Other Salaries and Wages: $40,102,680
For more financial information, click here
Official website here: www.cooperativeenergy.com
What is the mission statement of Cooperative Energy?
Cooperative Energy's mission is centered around providing and transmitting electricity wholesale to eleven member owner cooperatives. These cooperatives, in turn, serve retail consumers. Through the generation and purchase of electric energy, Cooperative Energy aims to ensure the delivery of affordable and reliable electricity to these member cooperatives. Collectively, the cooperatives serve approximately 448,535 meters. Cooperative Energy and the eleven member systems operate as consumer-owned, non-profit businesses. In the year 2022, Cooperative Energy supplied its member systems with a total of 10,368,614 megawatt-hours (MWh) of energy.
Official website here: www.cooperativeenergy.com
Who is the CEO of Cooperative Energy?
Jeff Bowman is the President/Ceo of Cooperative Energy. The CEO's salary of Cooperative Energy is $792,545 and their total compensation is $1,056,601.
Official website here: www.cooperativeenergy.com
What is the revenue of Cooperative Energy?
Cooperative Energy's revenue in 2022 was $956,651,180.
Official website here: www.cooperativeenergy.com
Who are the executives of Cooperative Energy and what are their salaries?
The average compensation at Cooperative Energy during 2022 was $80,343. There are 567 employees at Cooperative Energy.
Here are 37 key members and their salaries (Cooperative Energy's CEO's salary is $792,545 and their total compensation is $1,056,601):
- Jeff Bowman (President/Ceo)
- Mark Smith (Sr Vice President Power Ge)
- Christa Bishop (Sr Vice President/Cco)
- Gary Hutson (Sr Vice President/Coo)
- Brad Wolfe (Sr Vice President/Power Del)
- Steve Mcelhaney (Sr Vice President/Complian)
- Don Hinton (Vice President General Cou)
- Mark Dodd (Vp Information Systems)
- Kevin Grace (Sr Vice President/Cfo)
- Brandon Sanders (Plant Superintendent)
- Tom Hall (Sr Vice President/Cfo)
- Louis Thompson (Director)
- William Darrell Smith (Director)
- David O'Bryan (Director)
- Richard Thoms (Director)
- Keith Hurt (Director)
- Brian Hughey (Director)
- Mike Tyner (Director)
- Harry Howarth (Director)
- Joel Cunningham (Director)
- Chris Rhodes (Director)
- Hugh Gene Smith (Director)
- Richard Dossett (Director)
- Ronald G Barnes (Director)
- Robert Smith (Director)
- Timothy Perkins (Director)
- Randy Woolley (Director)
- Randy Smith (Director)
- Kevin Bonds (Director)
- Scott Smith (Director)
- Howard Davis (Director)
- Matthew Ware (Director)
- Michael Neely (Director)
- Bryan Thomas (Director (Beg. 06/22))
- Teri Eaton (Director (Beg. 06/22))
- Cindy Shipp (Director (Thru 06/22))
- Leslie Peters (Director (Thru 06/22))
Official website here: www.cooperativeenergy.com
Where can I find the form 990 for Cooperative Energy?
The Cooperative Energy’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.cooperativeenergy.com
Learn more at the official website: www.cooperativeenergy.com
Mission Statement of Cooperative Energy
Cooperative Energy, a consumer-owned, non-profit organization, is dedicated to providing and transmitting wholesale electricity to 11 member cooperatives, each serving retail consumers in various communities. The mission of Cooperative Energy is to ensure the delivery of affordable and reliable electric energy to these member cooperatives. In total, these cooperatives provide electricity to approximately 448,535 meters across Mississippi. Throughout the year 2022, Cooperative Energy successfully transmitted 10,368,614 MWH of energy to its member systems. By generating and purchasing electricity, Cooperative Energy plays a crucial role in ensuring a consistent electric supply for the communities it serves.
Impact
This information is meant to be a general summary of Cooperative Energy. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Cooperative Energy's impact lies in providing affordable and reliable electric energy to approximately 448,535 meters in Mississippi. By generating and purchasing electricity to supply 11 member owner cooperatives, each serving retail consumers, Cooperative Energy plays a crucial role in ensuring access to essential energy services for a significant number of individuals in the state. Additionally, as a consumer-owned, nonprofit business, Cooperative Energy operates with a focus on public benefit, further emphasizing its commitment to serving the community and meeting its energy needs.
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.
REVENUE FROM MEMBERS
Revenue
$855,487,499
REVENUE FROM NON MEMBE
Revenue
$99,395,949
PROGRAM RELATED INVEST
Revenue
$250,020
Organization Details
Founding Year
1941
Phone
(601) 268-2083
Principal Officer
Jeff Bowman
Main Address
PO BOX 15849, HATTIESBURG, MS, 394045849
Website
www.cooperativeenergy.com
NTEE Category
Code: W80 - Public benefit
If you are a representative of Cooperative Energy 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.