Missouri Rural Electric Cooperative

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

EIN: 430416260 ✦ Palmyra, MO ✦ Designated as a 501(c)(12)

Overview

What is Missouri Rural Electric Cooperative?

Missouri Rural Electric Cooperative is a nonprofit organization headquartered in Palmyra, Missouri, with a PO Box address in ZIP code 63461. The cooperative serves approximately 4,400 member-owners in five counties in northeast Missouri, providing electric service to a total of 5,571 meters. With a team of 28 employees, the primary mission of this cooperative is to deliver electricity to its members in the rural area, ensuring reliable and essential electric service to enhance their daily lives.


Official website here: www.morec.org

Is Missouri Rural Electric Cooperative legitimate?

Missouri Rural Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Missouri 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.morec.org

What is the mission statement of Missouri Rural Electric Cooperative?

Missouri Rural Electric Cooperative is dedicated to delivering electric service to approximately 4,400 member-owners in five counties in northeast Missouri. Their primary objective is to ensure that these members have access to reliable electricity, serving a total of 5,571 meters. By providing this essential utility, the cooperative enhances the quality of life for the residents in its community. The organization's distribution system enables it to deliver electricity efficiently and effectively, ensuring continuity and consistency in power supply. Missouri Rural Electric Cooperative's commitment to its members extends beyond just energy, as it strives to improve the overall standard of living for the families and individuals it serves.


Official website here: www.morec.org

Who is the CEO of Missouri Rural Electric Cooperative?

Shondell Haerr is the President of Missouri Rural Electric Cooperative.


Official website here: www.morec.org

What is the revenue of Missouri Rural Electric Cooperative?

Missouri Rural Electric Cooperative's revenue in 2022 was $19,174,289.


Official website here: www.morec.org

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

There are 28 employees at Missouri Rural Electric Cooperative.

Here are 12 key members and their salaries:

    Matthew Hudson (General Manager)
  • Compensation: $166,252
  • Related: $0
  • Other: $72,092

    • Kayla Klauser (Manager Of Finance And Accoun)
  • Compensation: $91,456
  • Related: $0
  • Other: $51,901

    • Ollie L Pennewell (Director)
  • Compensation: $9,450
  • Related: $0
  • Other: $0

    • Ross Frankenbach (Director)
  • Compensation: $9,100
  • Related: $0
  • Other: $0

    • Joseph Swisher (Vice President)
  • Compensation: $8,050
  • Related: $0
  • Other: $0

    • Gerald Schoenborn (Director)
  • Compensation: $7,350
  • Related: $0
  • Other: $0

    • Trent Gottman (Secretary)
  • Compensation: $7,350
  • Related: $0
  • Other: $0

    • Shondell Haerr (President)
  • Compensation: $7,000
  • Related: $0
  • Other: $0

    • Robert Hall (Director)
  • Compensation: $5,950
  • Related: $0
  • Other: $0

    • Dick Disselhorst (Treasurer)
  • Compensation: $5,950
  • Related: $0
  • Other: $0

    • Greg R Straus (Director)
  • Compensation: $2,800
  • Related: $0
  • Other: $0

    • David Wright (Director)
  • Compensation: $2,800
  • Related: $0
  • Other: $0


  • Official website here: www.morec.org

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

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


    Official website here: www.morec.org

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

    Mission Statement of Missouri Rural Electric Cooperative

    Missouri Rural Electric Cooperative, a not-for-profit organization, is dedicated to supplying electric service to approximately 4,400 member-owners spread across five counties in Northeast Missouri. With a primary exempt purpose, the Cooperative ensures the provision of electricity to these members, representing a total of 5,571 meters.

    In the rural communities of Northeast Missouri, Missouri Rural Electric Cooperative plays a vital role by meeting the electric needs of its members. The Cooperative's distribution system delivers power to homes and businesses, ensuring that the region stays connected and functional. By providing reliable electric service, the Cooperative not only supports its members' daily lives but also contributes to the overall development and progress of the communities it serves.

    Impact

    This information is meant to be a general summary of Missouri 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

    Missouri Rural Electric Cooperative's impact is significant in providing essential electric service to approximately 4,400 member-owners in five counties in northeast Missouri. Through its distribution system, the cooperative ensures that its members have access to reliable electricity for their homes and businesses, contributing to the overall development and well-being of the communities it serves. The cooperative's efforts play a crucial role in supporting economic activities, enhancing quality of life, and promoting sustainable growth in 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: $39,769
  • Program Service Revenue: $18,642,668
  • Gross Receipts: $19,174,289

    • Assets and Liabilities:
  • Total Assets: $38,944,273
  • Total Liabilities: $18,555,406
  • Net Assets: $20,388,867
  • Programs

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

    ELECTRIC SALES

    Revenue

    $18,552,962

    OTHER ELECTRIC REVENUE

    Revenue

    $89,706

    Organization Details

    Founding Year

    1936

    Principal Officer

    Shondell Haerr

    Main Address

    PO BOX 111, Palmyra, MO, 634610111

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Missouri 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.