Midwest Electric Inc

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

EIN: 344304217 ✦ St marys, OH ✦ Designated as a 501(c)(12)

Overview

What is Midwest Electric Inc?

Midwest Electric Inc, located in rural west-central Ohio, is a nonprofit cooperative dedicated to bringing electricity to over 11,000 meters in the area. Established on a not-for-profit basis, the cooperative purchases electric power and efficiently delivers it to its members residing in the region. The mission of Midwest Electric Inc goes beyond just providing electricity; it aims to enhance the quality of life for its members and communities by ensuring reliable and safe electric service, delivering superior customer service, and introducing innovative energy solutions at competitive prices. With a dedicated workforce of 30 employees, the cooperative is committed to improving the lives of those it serves in rural west-central Ohio.


Official website here: www.midwestrec.com

Is Midwest Electric Inc legitimate?

Midwest Electric Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Midwest Electric 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: $961,477
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,477,969

For more financial information, click here


Official website here: www.midwestrec.com

What is the mission statement of Midwest Electric Inc?

Midwest Electric Inc is dedicated to enhancing the lives of its members by providing them with reliable and high-quality electric power. The cooperative's mission goes beyond just delivering electricity; it strives for superior customer service and innovative energy solutions at competitive prices. By operating on a non-profit basis, Midwest Electric Inc aims to improve the communities it serves, ensuring effective delivery of electricity to over 11,000 meters in rural areas.


Official website here: www.midwestrec.com

Who is the CEO of Midwest Electric Inc?

Matthew Berry is the Principal Officer of Midwest Electric Inc.


Official website here: www.midwestrec.com

What is the revenue of Midwest Electric Inc?

Midwest Electric Inc's revenue in 2022 was $35,560,996.


Official website here: www.midwestrec.com

Who are the executives of Midwest Electric Inc and what are their salaries?

The average compensation at Midwest Electric Inc during 2022 was $114,648. There are 30 employees at Midwest Electric Inc.

Here are 16 key members and their salaries:

    Matthew Berry Ceo (Assistant Se)
  • Compensation: $219,781
  • Related: $0
  • Other: $158,189

    • Paul Rogers (Mgr Engineer)
  • Compensation: $158,306
  • Related: $0
  • Other: $81,294

    • Kevin Schmidt (Mgr Fin & Cu)
  • Compensation: $143,333
  • Related: $0
  • Other: $95,754

    • Chad Klaus (Lineman Firs)
  • Compensation: $126,803
  • Related: $0
  • Other: $50,200

    • Kecia Schmerge (Member Ser S)
  • Compensation: $116,861
  • Related: $0
  • Other: $57,509

    • Travis Pottkotter (Lineman Firs)
  • Compensation: $113,170
  • Related: $0
  • Other: $19,842

    • Eric Schaaf (Lineman Firs)
  • Compensation: $119,161
  • Related: $0
  • Other: $12,220

    • Travis Russell (Lineman Firs)
  • Compensation: $117,006
  • Related: $0
  • Other: $12,517

    • Larry Vandemark (President) [Trustee/Director]
  • Compensation: $15,815
  • Related: $0
  • Other: $0

    • James Wiechart (Vice Preside) [Trustee/Director]
  • Compensation: $14,640
  • Related: $0
  • Other: $0

    • Randy Heinl (Secretary-Tr) [Trustee/Director]
  • Compensation: $14,290
  • Related: $0
  • Other: $0

    • Gary Knapke (Trustee)
  • Compensation: $13,995
  • Related: $0
  • Other: $0

    • Kathy Brake (Trustee)
  • Compensation: $12,200
  • Related: $0
  • Other: $0

    • Steven Bauer (Trustee)
  • Compensation: $12,070
  • Related: $0
  • Other: $0

    • Robert Barnt (Trustee)
  • Compensation: $11,570
  • Related: $0
  • Other: $0

    • Roger Rank (Trustee)
  • Compensation: $10,240
  • Related: $0
  • Other: $0


  • Official website here: www.midwestrec.com

    Where can I find the form 990 for Midwest Electric Inc?

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


    Official website here: www.midwestrec.com

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

    Mission Statement of Midwest Electric Inc

    Midwest Electric Inc, a member-owned electric cooperative, is dedicated to enhancing the lives of its members and communities by reliably delivering safe and competitive electric power. The cooperative's primary objective is to effectively distribute electricity to over 11,000 meters located throughout rural West-Central Ohio.

    Midwest Electric Inc's mission extends beyond just providing electricity. It aspires to offer superior customer service, ensuring that the needs of its members are met with professionalism and attentiveness. The cooperative is committed to innovating energy solutions that cater to the evolving requirements of its clientele, all while maintaining affordable prices.

    In line with its mission, Midwest Electric Inc focuses on improving the quality of life for its members by prioritizing safety and reliability in its power delivery. The cooperative's team of experts works tirelessly to ensure that power outages are minimized, and any issues are addressed promptly and efficiently. Midwest Electric Inc's unwavering commitment to its customers sets it apart, making it an essential provider of essential services in the communities it serves.

    Impact

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




    Thursday, August 15, 2024

    Midwest Electric Inc plays a vital role in improving the quality of life for its members and communities in rural West-Central Ohio by providing reliable electricity, superior customer service, and innovative energy solutions at competitive prices. With a mission to ensure effective delivery of power to over 11,000 meters, Midwest Electric Inc is dedicated to serving its members in rural areas, contributing to the overall development and well-being of the region.





    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: $87,292
  • Program Service Revenue: $34,073,312
  • Gross Receipts: $35,561,030

    • Assets and Liabilities:
  • Total Assets: $69,714,672
  • Total Liabilities: $35,675,679
  • Net Assets: $34,038,993
  • Programs

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

    SALE OF ELECTRICITY

    Revenue

    $34,073,312

    Organization Details

    Founding Year

    1936

    Principal Officer

    Matthew Berry

    Main Address

    06029 COUNTY ROAD 33A, ST MARYS, OH, 458859762

    NTEE Category

    Code: W80 - Public benefit

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