Overview
What is Adams Rural Electric Cooperative Inc?
Adams Rural Electric Cooperative Inc is a nonprofit organization based in West Union, Ohio. Their primary focus is on delivering electric services to rural communities in five counties of southern Ohio. The cooperative is dedicated to providing affordable electric service to its members, as stated in their mission to serve at the lowest possible cost. The organization employs a team of 27 individuals to ensure efficient and reliable electric service to their community.
Official website here: www.adamsrec.com
Is Adams Rural Electric Cooperative Inc legitimate?
Adams Rural Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Adams 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: $977,960
Professional Fundraising Fees: $0
Other Salaries and Wages: $607,203
For more financial information, click here
Official website here: www.adamsrec.com
What is the mission statement of Adams Rural Electric Cooperative Inc?
Adams Rural Electric Cooperative Inc is dedicated to delivering electric services to its member community at the most affordable price. The cooperative's mission is centered around ensuring access to electricity at the lowest possible cost. By focusing on affordability, the cooperative prioritizes the needs and budgets of its members. The sales of electric energy extend to rural areas in five counties, making a significant impact on the lives of its customers. Adams Rural Electric Cooperative Inc remains committed to offering affordable electric services, providing essential energy for daily life and powering economic growth within its community.
Official website here: www.adamsrec.com
Who is the CEO of Adams Rural Electric Cooperative Inc?
Erika J Ackley is the Principal Officer of Adams Rural Electric Cooperative Inc.
Official website here: www.adamsrec.com
What is the revenue of Adams Rural Electric Cooperative Inc?
Adams Rural Electric Cooperative Inc's revenue in 2022 was $18,174,264.
Official website here: www.adamsrec.com
Who are the executives of Adams Rural Electric Cooperative Inc and what are their salaries?
The average compensation at Adams Rural Electric Cooperative Inc during 2022 was $58,710. There are 27 employees at Adams Rural Electric Cooperative Inc.
Here are 14 key members and their salaries:
- Erika Ackley (General Manager)
- William Swango (Former General Manager)
- Steven Hoop (Manager Of Operations)
- David Henry (Line Foreman)
- Michael Whitley (Line Foreman)
- Blanchard Campbell (Trustee)
- Stephen Huff (Trustee)
- William Seaman (Trustee)
- Kenneth Mccann (Secretary Treasurer) [Trustee/Director]
- Charles Newman (Vice President) [Trustee/Director]
- Donald Mccarty (President) [Trustee/Director]
- M Dale Grooms (Trustee)
- William Wylie (Trustee)
- David Abbott (Trustee)
Official website here: www.adamsrec.com
Where can I find the form 990 for Adams Rural Electric Cooperative Inc?
The Adams Rural Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.adamsrec.com
Learn more at the official website: www.adamsrec.com
Mission Statement of Adams Rural Electric Cooperative Inc
Adams Rural Electric Cooperative Inc is a mission-driven organization committed to delivering electric services to its members at the most affordable price point. The cooperative's primary goal is to ensure that every household in its network enjoys uninterrupted access to electricity while keeping costs as low as possible.
Established with a strong sense of community, Adams Rural Electric Cooperative Inc has dedicated itself to providing essential electric services to rural communities in five counties in southern Ohio. By prioritizing affordability and reliability, the cooperative has forged a reputation as a trusted provider within the regions it serves.
Through its unwavering commitment to its members, Adams Rural Electric Cooperative Inc has become a vital lifeline for the rural communities it serves. By focusing on cost efficiency and effective energy management, the cooperative ensures that its members receive high-quality electric services without incurring undue financial burden. As a result, the cooperative has built a loyal following and a strong reputation for its dedication to keeping costs low while delivering consistent power to its members.
Impact
This information is meant to be a general summary of Adams 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
Adams Rural Electric Cooperative Inc provides crucial electric service to residents in five counties in southern Ohio, fulfilling its mission to deliver affordable electricity to its members. By ensuring reliable access to electricity, the cooperative contributes to the functioning and development of rural communities in the region. This impact is particularly significant given the essential role electricity plays in modern life, powering homes, businesses, and essential services. Through its operations, Adams Rural Electric Cooperative Inc helps support the well-being and growth of the local population it serves.
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.
Electric Sales
Revenue
$17,360,699
Pole Rental
Revenue
$197,125
Patronage Capital Credits
Revenue
$598,592
Organization Details
Founding Year
1940
Phone
(937) 544-2305
Principal Officer
Erika J Ackley
Main Address
PO Box 247, West Union, OH, 45693
Website
www.adamsrec.com
NTEE Category
Code: W80 - Public benefit
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