Ashley-Chicot Electric Cooperative Inc

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

EIN: 710205220 ✦ Hamburg, AR ✦ Designated as a 501(c)(12)

Overview

What is Ashley-Chicot Electric Cooperative Inc?

Ashley-Chicot Electric Cooperative Inc, a Hamburg, AR-based nonprofit organization, provides essential electric services to around 5,040 rural residents. Established with a mission to serve, they offer electricity to communities in need. Their operations are anchored in the rural areas and aim to ensure a reliable electricity supply for their members. The cooperative's commitment extends beyond just providing electricity, as they remain dedicated to enhancing the lives of their members in Hamburg, AR.


Official website here: www.ashley-chicot.com

Is Ashley-Chicot Electric Cooperative Inc legitimate?

Ashley-Chicot Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Ashley-Chicot 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: $162,713
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,604

For more financial information, click here


Official website here: www.ashley-chicot.com

What is the mission statement of Ashley-Chicot Electric Cooperative Inc?

Ashley-Chicot Electric Cooperative is a non-profit organization dedicated to supplying electricity to around 5,040 rural community members. Situated in Hamburg, Arkansas, this cooperative's primary purpose is to ensure these residents have access to essential electric services. By providing electricity, Ashley-Chicot Electric Cooperative enhances the living standards and creates a more comfortable environment for its members. The organization's mission goes beyond just selling electricity; it strives to improve the quality of life in rural areas by ensuring continuous electric power.


Official website here: www.ashley-chicot.com

Who is the CEO of Ashley-Chicot Electric Cooperative Inc?

Emory Austin is the President of Ashley-Chicot Electric Cooperative Inc.


Official website here: www.ashley-chicot.com

What is the revenue of Ashley-Chicot Electric Cooperative Inc?

Ashley-Chicot Electric Cooperative Inc's revenue in 2022 was $13,513,079.


Official website here: www.ashley-chicot.com

Who are the executives of Ashley-Chicot Electric Cooperative Inc and what are their salaries?

The average compensation at Ashley-Chicot Electric Cooperative Inc during 2022 was $7,388. There are 24 employees at Ashley-Chicot Electric Cooperative Inc.

Here are 11 key members and their salaries:

    Rodney Chapman (General Manager)
  • Compensation: $122,155
  • Related: $0
  • Other: $91,914

    • Thomas Wells (Operations Manager)
  • Compensation: $114,535
  • Related: $0
  • Other: $70,553

    • Marcus Collins (Lead Service Man)
  • Compensation: $102,616
  • Related: $0
  • Other: $71,895

    • Harriet Erwin (Accountant)
  • Compensation: $106,629
  • Related: $0
  • Other: $22,496

    • Martha Pennington (Secretary) [Trustee/Director]
  • Compensation: $11,265
  • Related: $0
  • Other: $9,055

    • David Lynn (Director)
  • Compensation: $8,215
  • Related: $0
  • Other: $3,676

    • Andrew Hartshorn (Director)
  • Compensation: $5,688
  • Related: $0
  • Other: $3,032

    • Justin Green (Director)
  • Compensation: $5,964
  • Related: $0
  • Other: $2,148

    • Mark Pieroni (Vice President) [Trustee/Director]
  • Compensation: $4,629
  • Related: $0
  • Other: $1,998

    • Emory Austin (President) [Trustee/Director]
  • Compensation: $2,652
  • Related: $0
  • Other: $0

    • Richard Stock (Director)
  • Compensation: $2,147
  • Related: $0
  • Other: $0


  • Official website here: www.ashley-chicot.com

    Where can I find the form 990 for Ashley-Chicot Electric Cooperative Inc?

    The Ashley-Chicot Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.ashley-chicot.com

    Learn more at the official website: www.ashley-chicot.com

    Mission Statement of Ashley-Chicot Electric Cooperative Inc

    Ashley-Chicot Electric Cooperative, a non-profit organization based in Arkansas, is dedicated to providing electric services to around 5,040 rural members. Its primary objective is to ensure that residents in rural areas have access to reliable electricity. The cooperative's mission goes beyond just selling electricity; it is committed to improving the quality of life for its members by providing them with essential power.

    In a mission driven by a sense of community and social responsibility, Ashley-Chicot Electric Cooperative focuses on bringing electricity to the often overlooked rural populations. By providing this essential resource, the cooperative helps support the development and growth of these communities. With a team of dedicated professionals, Ashley-Chicot Electric Cooperative strives to ensure that its members receive efficient and dependable electric services, enhancing their overall standard of living.

    Impact

    This information is meant to be a general summary of Ashley-Chicot 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

    Ashley-Chicot Electric Cooperative Inc's impact lies in providing essential electricity services to approximately 5,040 rural members in the Hamburg, AR area. By ensuring access to electricity, the cooperative contributes to the economic development, quality of life, and overall well-being of the communities it serves. Its mission to provide affordable and reliable electricity to rural members underscores its vital role in powering homes, businesses, and essential services in the region. Ashley-Chicot Electric Cooperative's impact can be seen in the improved living standards and enhanced opportunities made possible through access to electricity in rural areas.





    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: $124,647
  • Program Service Revenue: $13,147,171
  • Gross Receipts: $13,513,079

    • Assets and Liabilities:
  • Total Assets: $43,086,261
  • Total Liabilities: $23,338,451
  • Net Assets: $19,747,810
  • Programs

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

    SALES OF ELECTRICITY

    Revenue

    $12,944,951

    GENERATION & TRANSMISSION CAPITAL

    Revenue

    $111,027

    PATRONAGE CAPITAL CREDIT

    Revenue

    $85,732

    MISC ELECTRIC REVENUE

    Revenue

    $5,461

    Organization Details

    Founding Year

    1941

    Principal Officer

    Emory Austin

    Main Address

    307 E JEFFERSON STREET, HAMBURG, AR, 71646

    NTEE Category

    Code: W80 - Public benefit

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