South Central Indiana Rural Electric Membership Corporation

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

EIN: 356043583 ✦ Martinsville, IN ✦ Designated as a 501(c)(12)

Overview

What is South Central Indiana Rural Electric Membership Corporation?

South Central Indiana Rural Electric Membership Corporation (SCI REMC) is a trusted electric cooperative headquartered in Martinsville, Indiana, at 301 Morton Avenue. With a team of 205 employees, SCI REMC focuses on delivering safe, reliable, and cost-effective electricity to its diverse communities. The cooperative aims to provide innovative energy solutions beyond basic electric services, enhancing the lives of its members. In the previous year, SCI REMC catered to 34,945 active services, ensuring a cooperative electricity supply through the allocation of patronage capital.


Official website here: www.sciremc.com

Is South Central Indiana Rural Electric Membership Corporation legitimate?

South Central Indiana Rural Electric Membership Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. South Central Indiana Rural Electric Membership Corporation 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: $1,429,172
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,166,330

For more financial information, click here


Official website here: www.sciremc.com

What is the mission statement of South Central Indiana Rural Electric Membership Corporation?

South Central Indiana Rural Electric Membership Corporation (SCI REMC) is dedicated to delivering safe, dependable, and cost-effective electricity and energy solutions to a diverse community. As a trusted electric cooperative, SCI REMC goes beyond just providing electricity on a cooperative basis. The organization offers innovative energy solutions and life-enhancing services to its members. In the electric division, SCI REMC ensures the reliable delivery of electricity through the allocation of patronage capital. By the end of the year, there were 34,945 active services being provided.


Official website here: www.sciremc.com

Who is the CEO of South Central Indiana Rural Electric Membership Corporation?

James Tanneberger is the Director of South Central Indiana Rural Electric Membership Corporation. The CEO's salary of South Central Indiana Rural Electric Membership Corporation is $304,828 and their total compensation is $473,795.


Official website here: www.sciremc.com

What is the revenue of South Central Indiana Rural Electric Membership Corporation?

South Central Indiana Rural Electric Membership Corporation's revenue in 2022 was $101,798,961.


Official website here: www.sciremc.com

Who are the executives of South Central Indiana Rural Electric Membership Corporation and what are their salaries?

The average compensation at South Central Indiana Rural Electric Membership Corporation during 2022 was $46,807. There are 205 employees at South Central Indiana Rural Electric Membership Corporation.

Here are 19 key members and their salaries (South Central Indiana Rural Electric Membership Corporation's CEO's salary is $304,828 and their total compensation is $473,795):

    James Tanneberger (President & Ceo)
  • Compensation: $304,828
  • Related: $0
  • Other: $168,967

    • Randy Elliott (Vp Of Finance)
  • Compensation: $176,490
  • Related: $0
  • Other: $167,575

    • Timothy Lemere (Vp Of Distribution Services)
  • Compensation: $215,621
  • Related: $0
  • Other: $34,585

    • Marilou Idland (Vp Of Human Resources)
  • Compensation: $178,469
  • Related: $0
  • Other: $57,590

    • Michael Stuckey (Line Foreman)
  • Compensation: $146,053
  • Related: $0
  • Other: $67,133

    • Josh Sawyers (Lead Line Foreman)
  • Compensation: $160,867
  • Related: $0
  • Other: $51,588

    • Andrew Polley (Line Foreman)
  • Compensation: $158,752
  • Related: $0
  • Other: $52,507

    • Aaron Hansen (Journeyman Lineworker)
  • Compensation: $150,069
  • Related: $0
  • Other: $54,199

    • Chuck Beaver (Journeyman Lineworker)
  • Compensation: $153,680
  • Related: $0
  • Other: $48,934

    • Lisa Prosser (Director)
  • Compensation: $15,560
  • Related: $0
  • Other: $0

    • Donald Lee Renner (Director)
  • Compensation: $15,285
  • Related: $0
  • Other: $0

    • Brad Shields (Director)
  • Compensation: $14,135
  • Related: $0
  • Other: $0

    • Rex Franklin (Director)
  • Compensation: $14,022
  • Related: $0
  • Other: $0

    • Heather Mollo (Vice Chairman) [Trustee/Director]
  • Compensation: $13,905
  • Related: $0
  • Other: $0

    • Bruce Hamlin (Chairman) [Trustee/Director]
  • Compensation: $13,740
  • Related: $0
  • Other: $0

    • Mark Smith (Director)
  • Compensation: $13,110
  • Related: $0
  • Other: $0

    • Lawrence Alden (Director (Jan-Sept))
  • Compensation: $10,982
  • Related: $0
  • Other: $0

    • Jerry Pheifer (Secretary-Treasurer) [Trustee/Director]
  • Compensation: $9,606
  • Related: $0
  • Other: $0

    • Kenneth Sebastian (Director (Oct-Dec))
  • Compensation: $4,702
  • Related: $0
  • Other: $0


  • Official website here: www.sciremc.com

    Where can I find the form 990 for South Central Indiana Rural Electric Membership Corporation?

    The South Central Indiana Rural Electric Membership Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.sciremc.com

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

    Mission Statement of South Central Indiana Rural Electric Membership Corporation

    South Central Indiana Rural Electric Membership Corporation (SCI REMC) is a trusted electric cooperative dedicated to providing safe, reliable, and cost-effective electricity and energy solutions to its diverse communities. SCI REMC's mission goes beyond just electricity, as it aims to offer innovative energy solutions and life-enhancing services to its members.

    In the electric division, SCI REMC is committed to delivering reliable electricity to its members on a cooperative basis. This is accomplished through the allocation of patronage capital. By the end of the year, there were 34,945 active services under the cooperative's care. The corporation's focus on safety, reliability, and affordability ensures that its members can depend on a consistent power supply, enhancing their quality of life and enabling the growth of their communities.

    SCI REMC's innovative approach to energy solutions sets it apart from other electric providers. It not only provides the essential electric service but also strives to improve the overall energy efficiency of its members' homes and businesses. This commitment to energy efficiency not only benefits the environment but also helps reduce the long-term electricity costs for its members. The cooperative's mission is to be more than just a utility; it is a dedicated partner in the development and progress of the communities it serves.

    Impact

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




    Thursday, August 15, 2024

    South Central Indiana Rural Electric Membership Corporation's impact is significant in providing safe, reliable, and cost-effective electricity and energy solutions to its members. With a mission to serve diverse communities with innovative energy solutions and life-enhancing services, SCI REMC plays a crucial role in ensuring access to essential electricity services for its 34,945 active members in Martinsville, IN. By operating on a cooperative basis and allocating patronage capital, SCI REMC contributes to the local economy and the well-being of its members by delivering dependable electric services.





    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: $-142,085
  • Program Service Revenue: $101,394,278
  • Gross Receipts: $102,150,047

    • Assets and Liabilities:
  • Total Assets: $299,011,194
  • Total Liabilities: $204,022,421
  • Net Assets: $94,988,773
  • Programs

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

    SALES OF ELECTRICITY

    Revenue

    $85,148,343

    FIBER REVENUE

    Revenue

    $13,174,496

    PATRONAGE DIVIDENDS

    Revenue

    $2,218,050

    SERVICE FEES

    Revenue

    $853,389

    Organization Details

    Founding Year

    1939

    Principal Officer

    James Tanneberger

    Main Address

    300 MORTON AVENUE, MARTINSVILLE, IN, 46151

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of South Central Indiana Rural Electric Membership Corporation 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.