Monroe County Electric Cooperative Inc

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

EIN: 370425335 ✦ Waterloo, IL ✦ Designated as a 501(c)(12)

Overview

What is Monroe County Electric Cooperative Inc?

Monroe County Electric Cooperative Inc, located in Waterloo, Illinois, is a member-owned electric cooperative serving over 7,500 local farms, homes, and businesses with dependable electric power. Covering approximately 1,200 miles of distribution and transmission lines, this nonprofit organization aims to provide and maintain quality electric and related services for the benefit and well-being of its members. With a dedicated team of 29 employees, Monroe County Electric Cooperative's mission is to ensure a consistent electric supply for its community in Illinois.


Official website here: www.mcec.org

Is Monroe County Electric Cooperative Inc legitimate?

Monroe County Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Monroe County 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: $570,818
Professional Fundraising Fees: $0
Other Salaries and Wages: $923,608

For more financial information, click here


Official website here: www.mcec.org

What is the mission statement of Monroe County Electric Cooperative Inc?

Monroe County Electric Cooperative Inc, being a member-owned organization, is dedicated to providing and maintaining top-notch electric and related services. This mission is aimed at enhancing the welfare and benefit of its member base. The cooperative uses an extensive network of approximately 1,200 miles of distribution and transmission electric lines to serve over 7,500 local farms, homes, and businesses in Illinois with reliable electric power.


Official website here: www.mcec.org

Who is the CEO of Monroe County Electric Cooperative Inc?

Alan Wattles is the President & of Monroe County Electric Cooperative Inc.


Official website here: www.mcec.org

What is the revenue of Monroe County Electric Cooperative Inc?

Monroe County Electric Cooperative Inc's revenue in 2022 was $18,269,028.


Official website here: www.mcec.org

Who are the executives of Monroe County Electric Cooperative Inc and what are their salaries?

The average compensation at Monroe County Electric Cooperative Inc during 2022 was $51,532. There are 29 employees at Monroe County Electric Cooperative Inc.

Here are 16 key members and their salaries:

    Alan Wattles (President &)
  • Compensation: $205,945
  • Related: $0
  • Other: $156,049

    • Christopher Scott (Operations S)
  • Compensation: $146,052
  • Related: $0
  • Other: $71,705

    • Ronald Rusteberg (Foreman)
  • Compensation: $119,280
  • Related: $0
  • Other: $76,361

    • Robert Gross (Foreman)
  • Compensation: $118,400
  • Related: $0
  • Other: $56,500

    • Chris Deterding (Foreman)
  • Compensation: $113,336
  • Related: $0
  • Other: $57,551

    • Keith Jones (Dir Engineer)
  • Compensation: $114,612
  • Related: $0
  • Other: $49,811

    • Tracy Patton (Cfo)
  • Compensation: $100,458
  • Related: $0
  • Other: $51,438

    • George Obernagel (Director)
  • Compensation: $8,582
  • Related: $0
  • Other: $0

    • Amy Hoffman-Rohlfing (Director)
  • Compensation: $8,532
  • Related: $0
  • Other: $0

    • Larry Kraft (Director)
  • Compensation: $7,632
  • Related: $0
  • Other: $0

    • Richard Neff (Director)
  • Compensation: $6,982
  • Related: $0
  • Other: $0

    • Quent Stenzel (Director)
  • Compensation: $5,722
  • Related: $0
  • Other: $0

    • Gary Gregson (Director)
  • Compensation: $5,482
  • Related: $0
  • Other: $0

    • Jeff Hoffmann (Director)
  • Compensation: $5,482
  • Related: $0
  • Other: $0

    • Rich Hollis (Director)
  • Compensation: $4,582
  • Related: $0
  • Other: $0

    • Joel Harres (Director)
  • Compensation: $3,932
  • Related: $0
  • Other: $0


  • Official website here: www.mcec.org

    Where can I find the form 990 for Monroe County Electric Cooperative Inc?

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


    Official website here: www.mcec.org

    Learn more at the official website: www.mcec.org

    Mission Statement of Monroe County Electric Cooperative Inc

    Monroe County Electric Cooperative Inc, a member-owned organization, is dedicated to delivering and maintaining top-quality electric and related services for the benefit and well-being of its members. With around 1,200 miles of distribution and transmission electric lines, this Cooperative extends its reach to over 7,500 farms, homes, and businesses situated in Illinois.

    The Monroe County Electric Cooperative Inc goes beyond simply providing electric power; it strives for the welfare of its community. By keeping the focus on its members, the Cooperative ensures a reliable electric service that enhances their daily lives. The organization's commitment to its members is reflected in the approximately 1,200 miles of electric lines that crisscross its service area, ensuring that every connected location receives the power it needs.

    Monroe County Electric Cooperative Inc is more than just a power supplier; it is a vital partner to its members. Its mission is to provide and maintain quality electric and related services, a goal that is achieved through a team of dedicated professionals who work tirelessly to meet the unique needs of its community. The Cooperative's commitment to its members' well-being is a testament to its enduring mission to make a difference in people's lives through dependable electric power.

    Impact

    This information is meant to be a general summary of Monroe County 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

    Monroe County Electric Cooperative Inc, as a member-owned organization, plays a vital role in providing and maintaining quality electric and related services for the benefit and well-being of its members. Serving over 7,500 local farms, homes, and businesses in Illinois with dependable electric power through approximately 1,200 miles of distribution and transmission lines, Monroe County Electric Cooperative Inc contributes significantly to the economic development and daily operations of the community it serves. By ensuring a reliable source of electricity, the cooperative enables businesses to operate efficiently, farms to maximize productivity, and households to meet their daily energy needs. This impact helps to improve the overall quality of life and sustainability 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: $113,255
  • Program Service Revenue: $18,091,466
  • Gross Receipts: $18,269,028

    • Assets and Liabilities:
  • Total Assets: $51,924,602
  • Total Liabilities: $33,745,989
  • Net Assets: $18,178,613
  • Programs

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

    SALE OF ELECTRICITY

    Revenue

    $17,437,231

    CAPTIAL CREDITS

    Revenue

    $529,903

    MISC ELECTRIC REVENUE

    Revenue

    $124,332

    Organization Details

    Founding Year

    1938

    Principal Officer

    Alan Wattles

    Main Address

    PO BOX 128, WATERLOO, IL, 62298

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Monroe County Electric Cooperative Inc 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.