Nishnabotna Valley Rural Electric Cooperative

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

EIN: 420519838 ✦ Harlan, IA ✦ Designated as a 501(c)(12)

Overview

What is Nishnabotna Valley Rural Electric Cooperative?

Nishnabotna Valley Rural Electric Cooperative is a nonprofit organization based in Harlan, Iowa. They provide safe and reliable electric services to approximately 2,556 members, delivering around 175,384,585 KWH of electricity while ensuring overall system efficiency. The cooperative's mission is to offer sustainable and environmentally responsible electric services to its members. Their team, consisting of 24 employees, is dedicated to maintaining a valuable and dependable electricity supply.


Official website here: www.nvrec.com

Is Nishnabotna Valley Rural Electric Cooperative legitimate?

Nishnabotna Valley Rural Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Nishnabotna Valley Rural Electric Cooperative 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: $166,755
Professional Fundraising Fees: $0
Other Salaries and Wages: $829,431

For more financial information, click here


Official website here: www.nvrec.com

What is the mission statement of Nishnabotna Valley Rural Electric Cooperative?

Nishnabotna Valley Rural Electric Cooperative is dedicated to delivering safe and reliable electric services to its members. The cooperative strives to provide these essential services in a valuable, sustainable, and environmentally responsible manner. In the previous year, the cooperative supplied approximately 175 million kilowatt-hours of electricity to around 2,500 members. This was accomplished while maintaining the overall system reliability.


Official website here: www.nvrec.com

Who is the CEO of Nishnabotna Valley Rural Electric Cooperative?

William Mckim is the President of Nishnabotna Valley Rural Electric Cooperative. The CEO's salary of Nishnabotna Valley Rural Electric Cooperative is $0 and their total compensation is $0.


Official website here: www.nvrec.com

What is the revenue of Nishnabotna Valley Rural Electric Cooperative?

Nishnabotna Valley Rural Electric Cooperative's revenue in 2022 was $18,916,306.


Official website here: www.nvrec.com

Who are the executives of Nishnabotna Valley Rural Electric Cooperative and what are their salaries?

The average compensation at Nishnabotna Valley Rural Electric Cooperative during 2022 was $41,508. There are 24 employees at Nishnabotna Valley Rural Electric Cooperative.

Here are 14 key members and their salaries (Nishnabotna Valley Rural Electric Cooperative's CEO's salary is $0 and their total compensation is $0):

    David Monson (Material Coordinator/Foreman)
  • Compensation: $108,578
  • Related: $0
  • Other: $60,673

    • Kert Barnum (Director Of Operations)
  • Compensation: $119,745
  • Related: $0
  • Other: $38,902

    • Aaron Nippert (Foreman)
  • Compensation: $102,421
  • Related: $0
  • Other: $53,601

    • Jesse Lee (Foreman)
  • Compensation: $102,962
  • Related: $0
  • Other: $47,089

    • Grant Oliver (Foreman)
  • Compensation: $104,452
  • Related: $0
  • Other: $43,912

    • Kara Meiners (Director Of Administrative Services)
  • Compensation: $77,648
  • Related: $0
  • Other: $51,289

    • Darrell Stamp (President) [Trustee/Director]
  • Compensation: $7,700
  • Related: $0
  • Other: $0

    • Gene Kenkel (Vice President) [Trustee/Director]
  • Compensation: $7,475
  • Related: $0
  • Other: $0

    • Donna Olson (Director)
  • Compensation: $7,025
  • Related: $0
  • Other: $0

    • Galen Grabill (Director)
  • Compensation: $5,450
  • Related: $0
  • Other: $0

    • David Applegate (Director)
  • Compensation: $4,775
  • Related: $0
  • Other: $0

    • Thomas Pattee (Director)
  • Compensation: $4,325
  • Related: $0
  • Other: $0

    • Bryan Greve (Secretary-Treasurer) [Trustee/Director]
  • Compensation: $3,875
  • Related: $0
  • Other: $0

    • William Mckim (Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.nvrec.com

    Where can I find the form 990 for Nishnabotna Valley Rural Electric Cooperative?

    The Nishnabotna Valley Rural Electric Cooperative’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.nvrec.com

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

    Mission Statement of Nishnabotna Valley Rural Electric Cooperative

    Nishnabotna Valley Rural Electric Cooperative, a dedicated organization, strives to deliver safe and dependable electric services to its approximately 2,556 members. In their mission, they commit to providing these services in a valuable, sustainable, and environmentally responsible manner.

    The cooperative's primary focus centers around ensuring the well-being of its members by meeting their electric needs effectively. With a strong emphasis on system reliability, Nishnabotna Valley Rural Electric Cooperative has managed to provide a total of 175,384,585 kWh of electricity to its members. Through rigorous efforts and commitment, they have maintained a reliable electricity supply for their community as a whole. This unwavering dedication to their mission has enabled the cooperative to make a positive impact on the daily lives of its members.

    Impact

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




    Thursday, August 15, 2024

    Nishnabotna Valley Rural Electric Cooperative's impact can be seen in the provision of safe and reliable electric services to its members. In the past year, the cooperative supplied 175,384,585 KWH of electricity to approximately 2,556 members in Harlan, IA. By maintaining system reliability as a whole, Nishnabotna Valley REC is fulfilling its mission to provide valuable, sustainable, and environmentally responsible electric services to its members. This impact is a demonstration of the cooperative's commitment to serving the public benefit.





    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: $44,303
  • Program Service Revenue: $18,908,234
  • Gross Receipts: $19,100,300

    • Assets and Liabilities:
  • Total Assets: $49,225,377
  • Total Liabilities: $23,569,924
  • Net Assets: $25,655,453
  • Programs

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

    ELECTRIC OPERATING REVENUES

    Revenue

    $18,144,308

    CAPITAL CREDITS

    Revenue

    $738,342

    SUBSIDIARY INCOME

    Revenue

    $-5,431

    Organization Details

    Founding Year

    1936

    Principal Officer

    William Mckim

    Main Address

    1317 CHATBURN AVE PO BOX 714, HARLAN, IA, 515370714

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Nishnabotna Valley Rural Electric Cooperative 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.