Butler Rural Electric Cooperative Inc

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

EIN: 310231070 ✦ Oxford, OH ✦ Designated as a 501(c)(12)

Overview

What is Butler Rural Electric Cooperative Inc?

Butler Rural Electric Cooperative Inc is a dynamic and progressive electric cooperative based in Oxford, Ohio, serving approximately 11,655 members across Butler, Hamilton, Montgomery, and Preble counties. As an integral part of the community, they provide essential electric services, acting in accordance with cooperative principles to enhance the quality of life for all residents. Their mission extends beyond energy distribution, aiming to participate in local communities and provide leadership and support. With a team of 49 employees, Butler Rural Electric Cooperative Inc is dedicated to delivering reliable energy and value-added services to its members.


Official website here: www.butlerrural.coop

Is Butler Rural Electric Cooperative Inc legitimate?

Butler Rural Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Butler Rural 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: $1,081,207
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,044,227

For more financial information, click here


Official website here: www.butlerrural.coop

What is the mission statement of Butler Rural Electric Cooperative Inc?

Butler Rural Electric Cooperative Inc is dedicated to being a progressive organization that adheres to cooperative principles. Its primary goal is to provide energy and additional value-added services to its members. The cooperative strives to improve the quality of life for all citizens in the communities it serves by offering leadership and support. With over 11,000 members, it delivers electric services to residents in various counties. This integral part of the community is committed to enhancing the lifestyle of its members through its cooperative efforts.


Official website here: www.butlerrural.coop

Who is the CEO of Butler Rural Electric Cooperative Inc?

Thomas C Wolfenbarger is the General Manager of Butler Rural Electric Cooperative Inc.


Official website here: www.butlerrural.coop

What is the revenue of Butler Rural Electric Cooperative Inc?

Butler Rural Electric Cooperative Inc's revenue in 2022 was $37,254,459.


Official website here: www.butlerrural.coop

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

The average compensation at Butler Rural Electric Cooperative Inc during 2022 was $84,193. There are 49 employees at Butler Rural Electric Cooperative Inc.

Here are 16 key members and their salaries:

    Thomas C Wolfenbarger (General Manager)
  • Compensation: $227,322
  • Related: $0
  • Other: $99,186

    • Michael Murray (Dir Of Operations)
  • Compensation: $149,799
  • Related: $0
  • Other: $69,085

    • Judith Persinger (Dir Of Accfinance)
  • Compensation: $146,231
  • Related: $0
  • Other: $61,967

    • Julie Abbott (Dir Of Human Admin)
  • Compensation: $144,934
  • Related: $0
  • Other: $61,672

    • Lisa Staggs Herrmann (Dir Of Member)
  • Compensation: $144,433
  • Related: $0
  • Other: $44,895

    • Charles Young (Mgr. Engineergin)
  • Compensation: $132,926
  • Related: $0
  • Other: $38,817

    • David Evans (President)
  • Compensation: $20,003
  • Related: $0
  • Other: $0

    • James Meador (Sec/Treasurer) [Trustee/Director]
  • Compensation: $17,036
  • Related: $0
  • Other: $0

    • Robert Hoelle (Vice President) [Trustee/Director]
  • Compensation: $16,381
  • Related: $0
  • Other: $0

    • Michael Tilton (Trustee)
  • Compensation: $15,545
  • Related: $0
  • Other: $0

    • Robert Spaeth (Trustee)
  • Compensation: $14,358
  • Related: $0
  • Other: $0

    • Ronald Kolb (Trustee)
  • Compensation: $13,565
  • Related: $0
  • Other: $0

    • Jay Hasbrook (Trustee)
  • Compensation: $12,402
  • Related: $0
  • Other: $0

    • Thomas L Mcquiston (Trustee)
  • Compensation: $11,883
  • Related: $0
  • Other: $0

    • James O'Brien (Trustee)
  • Compensation: $7,706
  • Related: $0
  • Other: $0

    • William Foster (Trustee)
  • Compensation: $6,683
  • Related: $0
  • Other: $0


  • Official website here: www.butlerrural.coop

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

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


    Official website here: www.butlerrural.coop

    Learn more at the official website: www.butlerrural.coop

    Mission Statement of Butler Rural Electric Cooperative Inc

    Butler Rural Electric Cooperative Inc, a dynamic and progressive organization, is dedicated to providing electric services and value-added solutions to its members, guided by cooperative principles. With a mission to improve the quality of life for all its citizens, the cooperative goes beyond electricity, participating in its communities and offering leadership and support.

    Butler Rural Electric Cooperative Inc proudly serves over 11,655 members across various counties. Its primary function is to distribute electricity, ensuring a reliable power source for households and businesses in the area. The cooperative's commitment to its members goes beyond electricity, as it strives to be an integral part of the community. By providing essential electric services, it plays a vital role in enhancing the overall standard of living of its citizens.

    The cooperative's dedication to its mission is reflected in its active involvement in the community. It is a leader and supporter, working towards the betterment of its citizens. The organization's monthly publication, Ohio Cooperative Living, showcases its commitment to communication and engagement with its members. By fostering a strong relationship with its community, Butler Rural Electric Cooperative Inc not only strengthens its position as a reliable electricity provider but also empowers its members to thrive and grow.

    Impact

    This information is meant to be a general summary of Butler Rural 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

    Butler Rural Electric Cooperative Inc plays a significant role in providing essential electric services to its 11,655 members in Butler, Hamilton, Preble, and Montgomery counties in Ohio. By ensuring a reliable source of electricity to its members, the cooperative contributes to the well-being and development of the community. Through its mission to be a dynamic and progressive organization guided by cooperative principles, Butler Rural Electric Cooperative Inc not only fulfills its members' energy needs but also actively participates in the community by providing leadership and support to improve the quality of life for all citizens. This cooperative's impact extends beyond simply providing electricity; it serves as an integral part of these counties, benefiting both its members and the broader community.





    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: $80,680
  • Program Service Revenue: $36,419,165
  • Gross Receipts: $37,462,282

    • Assets and Liabilities:
  • Total Assets: $94,737,725
  • Total Liabilities: $52,876,643
  • Net Assets: $41,861,082
  • Programs

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

    Sale of electric energy

    Revenue

    $36,307,243

    Program Service Revenue

    Revenue

    $111,922

    Organization Details

    Founding Year

    1936

    Principal Officer

    Thomas C Wolfenbarger

    Main Address

    3888 Stillwell Beckett Road, Oxford, OH, 45056

    NTEE Category

    Code: W80 - Public benefit

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