Overview
What is East-Central Iowa Rural Electric Cooperative?
East-Central Iowa Rural Electric Cooperative is a nonprofit organization based in Urbana, Iowa. With a staff of 36 employees, they provide electric energy services to approximately 7,240 members in parts of 10 counties in east-central Iowa. Their primary mission is to offer the best possible electric service to their members at the lowest possible cost. The Cooperative's revenue for 2022 is primarily driven by the provision of electricity to its members, accounting for nearly 100% of their total revenue.
Official website here: www.ecirec.com
Is East-Central Iowa Rural Electric Cooperative legitimate?
East-Central Iowa Rural Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. East-Central Iowa 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: $262,116
Professional Fundraising Fees: $0
Other Salaries and Wages: $402,261
For more financial information, click here
Official website here: www.ecirec.com
What is the mission statement of East-Central Iowa Rural Electric Cooperative?
The East-Central Iowa Rural Electric Cooperative is dedicated to serving approximately 7,240 members in various parts of Iowa. Its primary objective is to deliver superior electrical services to its members at the most affordable price possible. The cooperative's core mission revolves around ensuring the best possible electrical service for its members. Their commitment to cost efficiency is a driving force behind their operations, accounting for nearly all of their revenue in 2022.
Official website here: www.ecirec.com
Who is the CEO of East-Central Iowa Rural Electric Cooperative?
Teresa Floyd is the President of East-Central Iowa Rural Electric Cooperative. The CEO's salary of East-Central Iowa Rural Electric Cooperative is $164,326 and their total compensation is $214,541.
Official website here: www.ecirec.com
What is the revenue of East-Central Iowa Rural Electric Cooperative?
East-Central Iowa Rural Electric Cooperative's revenue in 2022 was $25,242,152.
Official website here: www.ecirec.com
Who are the executives of East-Central Iowa Rural Electric Cooperative and what are their salaries?
The average compensation at East-Central Iowa Rural Electric Cooperative during 2022 was $18,455. There are 36 employees at East-Central Iowa Rural Electric Cooperative.
Here are 10 key members and their salaries (East-Central Iowa Rural Electric Cooperative's CEO's salary is $164,326 and their total compensation is $214,541):
- Teresa Floyd (Ceo)
- Thomas G Schmitt (Operations Manager)
- Jeff Elliot (Vice President) [Trustee/Director]
- Steve Rau (President) [Trustee/Director]
- Donald Shonka (Director)
- Julie Kester (Director)
- Gary Mckenna (Assistant Secretary/Treasu) [Trustee/Director]
- Ryan Kress (Secretary/Treasurer) [Trustee/Director]
- Don Nick Donlea (Director)
- Brian Mcnulty (Director)
Official website here: www.ecirec.com
Where can I find the form 990 for East-Central Iowa Rural Electric Cooperative?
The East-Central Iowa Rural Electric Cooperative’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.ecirec.com
Learn more at the official website: www.ecirec.com
Mission Statement of East-Central Iowa Rural Electric Cooperative
East-Central Iowa Rural Electric Cooperative, a not-for-profit organization, is dedicated to delivering the finest electrical energy services to its approximately 7,240 members, spread across ten counties in Iowa. The cooperative's primary objective is to ensure that the best possible electric service is provided to its members at the most affordable price.
The mission of East-Central Iowa Rural Electric Cooperative is twofold: first, to provide its members with dependable and efficient electric energy services, and second, to accomplish this while keeping costs as low as possible. This commitment to quality and affordability is at the heart of the cooperative's ethos and guides its day-to-day operations.
The cooperative's activities revolve around the provision of electricity and related services to its members. This line of work accounted for 99% of the cooperative's total revenue in 2022. By focusing on its core mission, East-Central Iowa Rural Electric Cooperative is able to maintain a strong and sustainable business model, ensuring that it continues to meet the evolving energy needs of its members in an efficient and cost-effective manner.
Impact
This information is meant to be a general summary of East-Central Iowa 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
East-Central Iowa Rural Electric Cooperative's impact is significant as it provides essential electric energy service to approximately 7,240 members across parts of 10 counties in East-Central Iowa. Their primary mission is to ensure the provision of the best possible electrical service to members at the lowest possible cost. By fulfilling this mission, the cooperative plays a crucial role in powering homes, businesses, and communities, thus contributing to the overall development and well-being of the region.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRICITY SALES
Revenue
$23,860,298
Organization Details
Founding Year
1995
Phone
(319) 443-3570
Principal Officer
Teresa Floyd
Main Address
PO BOX 248, URBANA, IA, 52345
Website
www.ecirec.com
NTEE Category
Code: W80 - Public benefit
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