Meade County Rural Electric Cooperative Corporation

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

EIN: 610277343 ✦ Brandenburg, KY ✦ Designated as a 501(c)(12)

Overview

What is Meade County Rural Electric Cooperative Corporation?

Meade County Rural Electric Cooperative Corporation is a nonprofit organization located in Brandenburg, Kentucky (PO Box 489). Their mission is to provide electric service to member-owners on a patronage basis, serving an average of approximately 30,975 consumers monthly. With a team of 86 employees, they deliver electricity to the community, enabling a better quality of life for the residents. The cooperative's primary goal is to maintain a strong commitment to its members and deliver essential services, ensuring that their power needs are met effectively and efficiently.


Official website here: www.mcrecc.com

Is Meade County Rural Electric Cooperative Corporation legitimate?

Meade County Rural Electric Cooperative Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Meade County Rural Electric Cooperative 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: $1,368,423
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,115,348

For more financial information, click here


Official website here: www.mcrecc.com

What is the mission statement of Meade County Rural Electric Cooperative Corporation?

The Meade County Rural Electric Cooperative Corporation is dedicated to providing electric service to its member owners on a patronage basis. With an average of approximately 30,975 consumers served monthly, the corporation focuses on delivering electricity to its community. Its mission is centered around this essential service, ensuring that members have reliable access to electricity for their daily needs. By operating on a patronage basis, the corporation fosters a sense of ownership and community among its members. Through this commitment to electric service, the Meade County Rural Electric Cooperative Corporation aims to enhance the quality of life for its members and contribute to their overall well-being.


Official website here: www.mcrecc.com

Who is the CEO of Meade County Rural Electric Cooperative Corporation?

Martin Littrel is the Chairman of Meade County Rural Electric Cooperative Corporation. The CEO's salary of Meade County Rural Electric Cooperative Corporation is $253,683 and their total compensation is $301,692.


Official website here: www.mcrecc.com

What is the revenue of Meade County Rural Electric Cooperative Corporation?

Meade County Rural Electric Cooperative Corporation's revenue in 2022 was $68,475,133.


Official website here: www.mcrecc.com

Who are the executives of Meade County Rural Electric Cooperative Corporation and what are their salaries?

The average compensation at Meade County Rural Electric Cooperative Corporation during 2022 was $63,765. There are 86 employees at Meade County Rural Electric Cooperative Corporation.

Here are 16 key members and their salaries (Meade County Rural Electric Cooperative Corporation's CEO's salary is $253,683 and their total compensation is $301,692):

    Martin Littrel (President/Ceo)
  • Compensation: $253,683
  • Related: $0
  • Other: $48,009

    • David Poe (Vp Engineering & Operation)
  • Compensation: $188,484
  • Related: $0
  • Other: $40,714

    • Anna Swanson (Cfo)
  • Compensation: $154,504
  • Related: $0
  • Other: $31,476

    • Michael French (System Engineer)
  • Compensation: $120,050
  • Related: $0
  • Other: $44,598

    • David Pace (Vp, Public Relations & Mkt)
  • Compensation: $121,113
  • Related: $0
  • Other: $33,998

    • Todd Blackburn (Vp Corporate Compliance & External Affairs)
  • Compensation: $126,211
  • Related: $0
  • Other: $22,895

    • Mike Ford (Staking Supervisor)
  • Compensation: $109,515
  • Related: $0
  • Other: $31,743

    • Kelly Nichols (Foreman Lineman)
  • Compensation: $113,778
  • Related: $0
  • Other: $18,795

    • John Crosier (Operations Superintendant)
  • Compensation: $110,993
  • Related: $0
  • Other: $21,532

    • Darla Sipes (Sec-Treas) [Trustee/Director]
  • Compensation: $11,615
  • Related: $0
  • Other: $0

    • Christopher Creech (Director)
  • Compensation: $10,382
  • Related: $0
  • Other: $0

    • David T Wilson Ii (Director)
  • Compensation: $10,132
  • Related: $0
  • Other: $0

    • Stephen Barr (Director)
  • Compensation: $9,882
  • Related: $0
  • Other: $0

    • Robert Rhodes (Chairman) [Trustee/Director]
  • Compensation: $9,855
  • Related: $0
  • Other: $0

    • Paul Edd Butler (Director)
  • Compensation: $9,115
  • Related: $0
  • Other: $0

    • Dr James G Sills (Vice Chairman) [Trustee/Director]
  • Compensation: $9,110
  • Related: $0
  • Other: $0


  • Official website here: www.mcrecc.com

    Where can I find the form 990 for Meade County Rural Electric Cooperative Corporation?

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


    Official website here: www.mcrecc.com

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

    Mission Statement of Meade County Rural Electric Cooperative Corporation

    Meade County Rural Electric Cooperative Corporation, a not-for-profit entity, is dedicated to providing electric service to its member owners. The corporation follows a patronage basis, ensuring a community-focused approach to meet the energy needs of approximately 30,975 consumers monthly.

    Established with the goal to serve, Meade County Rural Electric Cooperative Corporation strives to deliver uninterrupted electric service to its members. By operating on a patronage basis, the corporation fosters a strong sense of ownership and collaboration among its consumers. This approach not only ensures a reliable power supply but also empowers members to have a voice in the organization's decision-making process.

    Meade County Rural Electric Cooperative Corporation's mission goes beyond just supplying electricity. By prioritizing its members' needs, the corporation aspires to create a sustainable power infrastructure that contributes to their overall quality of life. The cooperative's commitment to its members is unwavering, as it continues to serve an average of 30,975 consumers every month.

    Impact

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




    Thursday, August 15, 2024

    Meade County Rural Electric Cooperative Corporation has a significant impact by providing essential electric service to approximately 30,975 consumers on a patronage basis each month. This ensures access to reliable electricity for households and businesses in Brandenburg, KY, contributing to the community's overall well-being and development. The cooperative's mission to serve member-owners demonstrates a commitment to meeting the energy needs of the local population, thereby enhancing the quality of life and economic opportunities 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: $199,802
  • Program Service Revenue: $67,813,781
  • Gross Receipts: $68,475,133

    • Assets and Liabilities:
  • Total Assets: $116,049,029
  • Total Liabilities: $77,173,975
  • Net Assets: $38,875,054
  • Programs

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

    ELECTRIC SERVICE

    Revenue

    $67,813,781

    Organization Details

    Founding Year

    1937

    Principal Officer

    Martin Littrel

    Main Address

    PO BOX 489, BRANDENBURG, KY, 40108

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Meade County Rural Electric Cooperative 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.