Sussex Rural Electric Cooperative

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

EIN: 221317845 ✦ Sussex, NJ ✦ Designated as a 501(c)(12)

Overview

What is Sussex Rural Electric Cooperative?

Sussex Rural Electric Cooperative is a public utilities nonprofit headquartered in Sussex, New Jersey. Their primary mission is to deliver electric power to the community members in the area. As a cooperative, they are dedicated to ensuring a reliable source of electricity for their customers.


Official website here: www.sussexrec.com

Is Sussex Rural Electric Cooperative legitimate?

Sussex Rural Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Sussex Rural Electric Cooperative 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: $661,566
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.sussexrec.com

What is the mission statement of Sussex Rural Electric Cooperative?

Sussex Rural Electric Cooperative is a public utilities organization dedicated to supplying electric power to its members. The cooperative's primary mission is to ensure a consistent electricity supply, enabling the communities it serves to function efficiently. By providing electric power, Sussex Rural Electric Cooperative contributes to enhancing the quality of life for its members. The organization's commitment to its mission is unwavering, working diligently to ensure a reliable and sustainable power source for all. Through its essential services, Sussex Rural Electric Cooperative plays a crucial role in the daily lives of its members, ensuring their homes and businesses remain powered.


Official website here: www.sussexrec.com

Who is the CEO of Sussex Rural Electric Cooperative?

Chris Reese is the Chairman of Sussex Rural Electric Cooperative. The CEO's salary of Sussex Rural Electric Cooperative is $248,319 and their total compensation is $339,295.


Official website here: www.sussexrec.com

What is the revenue of Sussex Rural Electric Cooperative?

Sussex Rural Electric Cooperative's revenue in 2022 was $23,313,197.


Official website here: www.sussexrec.com

Who are the executives of Sussex Rural Electric Cooperative and what are their salaries?

The average compensation at Sussex Rural Electric Cooperative during 2022 was $12,482. There are 53 employees at Sussex Rural Electric Cooperative.

Here are 17 key members and their salaries (Sussex Rural Electric Cooperative's CEO's salary is $248,319 and their total compensation is $339,295):

    Christopher Reese (President/Ceo)
  • Compensation: $248,319
  • Related: $0
  • Other: $90,976

    • Charles Pike (Director Of Engineering)
  • Compensation: $186,936
  • Related: $0
  • Other: $67,486

    • Kevin Boutilier (Director Of Finance)
  • Compensation: $187,978
  • Related: $0
  • Other: $59,293

    • Thomas Stone (Supervisor Of Operations)
  • Compensation: $165,438
  • Related: $0
  • Other: $67,930

    • Jeffrey Rowen (Cheif Lineman)
  • Compensation: $155,872
  • Related: $0
  • Other: $55,707

    • Peter Gianattasio (Chief Coordinator)
  • Compensation: $165,274
  • Related: $0
  • Other: $34,389

    • Thomas Morgan (First Class Lineman)
  • Compensation: $155,016
  • Related: $0
  • Other: $38,591

    • Joseph Barca (Director)
  • Compensation: $11,900
  • Related: $0
  • Other: $0

    • Thomas E Madsen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $10,250

    • Ronald J Dupont Jr (Current Secretary/Treasurer) [Trustee/Director]
  • Compensation: $9,850
  • Related: $0
  • Other: $0

    • William Kovach (Vice-Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $9,300

    • Jack Haggerty Jr (Chairman) [Trustee/Director]
  • Compensation: $8,850
  • Related: $0
  • Other: $0

    • Michael Abate (Director (Starting June 2022))
  • Compensation: $8,450
  • Related: $0
  • Other: $0

    • Barbara Berge Miller (Director)
  • Compensation: $8,250
  • Related: $0
  • Other: $0

    • Brad Sparta (Director)
  • Compensation: $6,050
  • Related: $0
  • Other: $0

    • Raymond W Cordts (Secretary/Treasurer (Through March 2022)) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $1,300

    • Karen Mcdougal (Director (Starting October 2022))
  • Compensation: $800
  • Related: $0
  • Other: $0


  • Official website here: www.sussexrec.com

    Where can I find the form 990 for Sussex Rural Electric Cooperative?

    The Sussex Rural Electric Cooperative’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.sussexrec.com

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

    Mission Statement of Sussex Rural Electric Cooperative

    Sussex Rural Electric Cooperative, a public utilities organization, is dedicated to supplying electric power to its members. Based in New Jersey, this cooperative prioritizes providing essential electricity to its community.

    The mission of Sussex Rural Electric Cooperative revolves around delivering electricity to its members. As a cooperative, it prides itself on being a public utility, ensuring that electric power is accessible to all. The cooperative takes a proactive approach to providing this essential service, allowing its members to rely on a steady and dependable power source.

    Sussex Rural Electric Cooperative's commitment to its members goes beyond just providing electricity. By operating as a public utility, the organization places the needs of its community at the forefront of its operations. Through its consistent and reliable electric power provision, it contributes significantly to the quality of life of its members. The cooperative's ultimate goal is to make a positive impact on the lives of the people it serves, ensuring they have access to the power they need to live comfortably and efficiently.

    Impact

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




    Thursday, August 15, 2024

    Sussex Rural Electric Cooperative provides essential electric power to its members in Sussex, NJ, ensuring that residents and businesses have access to reliable energy to meet their daily needs. By delivering electricity to the community, Sussex Rural Electric Cooperative plays a vital role in powering homes, schools, hospitals, and businesses, thereby contributing to the overall well-being and economic development of the region. The cooperative's impact is felt directly through the provision of a crucial service that is essential for modern life and essential for supporting the daily activities of its members.





    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: $44,008
  • Program Service Revenue: $21,414,904
  • Gross Receipts: $23,313,197

    • Assets and Liabilities:
  • Total Assets: $53,759,859
  • Total Liabilities: $29,140,469
  • Net Assets: $24,619,390
  • Programs

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

    SALE OF ELECTRICITY

    Revenue

    $20,294,357

    OTHER OPERATING REVENUE

    Revenue

    $1,120,547

    Organization Details

    Founding Year

    1937

    Principal Officer

    Chris Reese

    Main Address

    64 COUNTY ROAD 639, SUSSEX, NJ, 07461

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Sussex Rural Electric Cooperative 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.