Noble County Rural Electric Membership Corp

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

EIN: 350549925 ✦ Albion, IN ✦ Designated as a 501(c)(12)

Overview

What is Noble County Rural Electric Membership Corp?

Noble County Rural Electric Membership Corp is a not-for-profit service organization, committed to delivering affordable, reliable, and safe electric service to its members. As a member-owned entity, the organization's primary focus is to ensure efficient power distribution to rural customers. With a mission to provide essential electricity to its community, Noble County Rural Electric Membership Corp embodies the values of a cooperative, ensuring its members receive uninterrupted electric service.


Official website here: www.nobleremc.com

Is Noble County Rural Electric Membership Corp legitimate?

Noble County Rural Electric Membership Corp is a legitimate nonprofit organization registered as a 501(c)(12) entity. Noble County Rural Electric Membership Corp 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: $467,659
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,987,313

For more financial information, click here


Official website here: www.nobleremc.com

What is the mission statement of Noble County Rural Electric Membership Corp?

The Noble County Rural Electric Membership Corp functions as a member-owned, non-profit organization dedicated to delivering affordable, dependable, and secure electric service to its members. As a not-for-profit entity, its primary goal is to ensure the provision of efficient and reliable electricity to its rural customers. The mission of this organization revolves around its commitment to serving its members' electric needs.


Official website here: www.nobleremc.com

Who is the CEO of Noble County Rural Electric Membership Corp?

Ronald L Raypole is the President & Ceo of Noble County Rural Electric Membership Corp. The CEO's salary of Noble County Rural Electric Membership Corp is $225,925 and their total compensation is $333,795.


Official website here: www.nobleremc.com

What is the revenue of Noble County Rural Electric Membership Corp?

Noble County Rural Electric Membership Corp's revenue in 2022 was $25,889,887.


Official website here: www.nobleremc.com

Who are the executives of Noble County Rural Electric Membership Corp and what are their salaries?

The average compensation at Noble County Rural Electric Membership Corp during 2022 was $68,194. There are 36 employees at Noble County Rural Electric Membership Corp.

Here are 16 key members and their salaries (Noble County Rural Electric Membership Corp's CEO's salary is $225,925 and their total compensation is $333,795):

    Ronald Raypole (President & Ceo)
  • Compensation: $225,925
  • Related: $0
  • Other: $107,870

    • Douglas Dickmeyer (Manager Of Operations)
  • Compensation: $150,718
  • Related: $0
  • Other: $82,407

    • Douglas Eggl (Lineman)
  • Compensation: $118,005
  • Related: $0
  • Other: $48,951

    • Robert Coil (Lineman)
  • Compensation: $107,718
  • Related: $0
  • Other: $51,751

    • Adam Chitwood (Manager Of Finance/Accounting)
  • Compensation: $113,218
  • Related: $0
  • Other: $42,311

    • Cody Kirkpatrick (Lineman)
  • Compensation: $111,234
  • Related: $0
  • Other: $39,905

    • Justin Fry (Lineman)
  • Compensation: $108,190
  • Related: $0
  • Other: $30,350

    • Doug Burnworth (Vice Chairman) [Trustee/Director]
  • Compensation: $11,375
  • Related: $0
  • Other: $0

    • Joe Hutsell (Director)
  • Compensation: $11,050
  • Related: $0
  • Other: $0

    • William Knox (Treasurer) [Trustee/Director]
  • Compensation: $10,535
  • Related: $0
  • Other: $0

    • George Bennett (Director)
  • Compensation: $10,005
  • Related: $0
  • Other: $0

    • Larry Ott (Director)
  • Compensation: $10,005
  • Related: $0
  • Other: $0

    • Jay Wysong (Director)
  • Compensation: $10,005
  • Related: $0
  • Other: $0

    • Richard Robertson (Chairman) [Trustee/Director]
  • Compensation: $9,900
  • Related: $0
  • Other: $0

    • Andrew Strack (Secretary) [Trustee/Director]
  • Compensation: $9,695
  • Related: $0
  • Other: $0

    • Mark Demske (Director)
  • Compensation: $8,445
  • Related: $0
  • Other: $0


  • Official website here: www.nobleremc.com

    Where can I find the form 990 for Noble County Rural Electric Membership Corp?

    The Noble County Rural Electric Membership Corp’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.nobleremc.com

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

    Mission Statement of Noble County Rural Electric Membership Corp

    Noble County Rural Electric Membership Corp, a member-owned, not-for-profit service organization, is committed to delivering affordable, reliable, and safe electric service to its members. This mission statement underscores the organization's dedication to its community and its members' needs. As a non-profit, the corporation focuses on providing essential electric services at reasonable rates, ensuring that every member can access the necessary power for their households. In executing its mission, the organization prioritizes efficiency and reliability, with a strong emphasis on safety to protect the well-being of its members. By providing affordable and dependable electric service, Noble County Rural Electric Membership Corp enhances the quality of life for its members and fosters a strong sense of community. As a member-owned entity, the organization is accountable to its members, maintaining a customer-centric approach that puts their needs at the forefront of its operations.

    Impact

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




    Thursday, August 15, 2024

    Noble County Rural Electric Membership Corp has a significant impact on the community by providing affordable, reliable, and safe electric service to its members. As a member-owned organization, its mission is to ensure efficient and reliable electricity distribution to rural customers in Albion, Indiana. This commitment to service benefits the public by ensuring access to essential energy needs while operating as a non-profit entity focused on the well-being 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: $81,692
  • Program Service Revenue: $25,330,655
  • Gross Receipts: $25,889,887

    • Assets and Liabilities:
  • Total Assets: $42,626,077
  • Total Liabilities: $15,852,444
  • Net Assets: $26,773,633
  • Programs

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

    ELECTRIC UTILITY INCOME

    Revenue

    $25,330,655

    Organization Details

    Founding Year

    1936

    Principal Officer

    Ronald L Raypole

    Main Address

    PO BOX 137, ALBION, IN, 46701

    NTEE Category

    Code: W80 - Public benefit

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