Overview
What is Rich Mountain Electric Cooperative Inc?
Rich Mountain Electric Cooperative Inc is a member-owned electric distribution cooperative established in Arkansas. The cooperative, with a team of 38 employees, provides electric service to its members at the lowest possible cost. They are dedicated to going above and beyond, offering energy efficiency programs to help their members reduce consumption and save money. These initiatives aim to make a positive impact on the community, ensuring the cooperative's mission is accessible and beneficial to all.
Official website here: www.rmec.com
Is Rich Mountain Electric Cooperative Inc legitimate?
Rich Mountain Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Rich Mountain 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: $848,281
Professional Fundraising Fees: $0
Other Salaries and Wages: $871,650
For more financial information, click here
Official website here: www.rmec.com
What is the mission statement of Rich Mountain Electric Cooperative Inc?
Rich Mountain Electric Cooperative Inc is a member-owned electric distribution cooperative committed to providing affordable electric service to its members. The cooperative goes beyond just supplying electricity, as it helps its members find ways to enhance energy efficiency at their homes or businesses. The mission of Rich Mountain Electric Cooperative Inc is to deliver electric service to its members at the lowest possible cost, while offering energy efficiency programs to support sustainable living. The cooperative's dedication to affordability and energy efficiency aims to create value for its members and contribute to a more environmentally conscious community.
Official website here: www.rmec.com
Who is the CEO of Rich Mountain Electric Cooperative Inc?
Brad Castor is the Chairman of Rich Mountain Electric Cooperative Inc. The CEO's salary of Rich Mountain Electric Cooperative Inc is $211,927 and their total compensation is $296,811.
Official website here: www.rmec.com
What is the revenue of Rich Mountain Electric Cooperative Inc?
Rich Mountain Electric Cooperative Inc's revenue in 2022 was $23,041,846.
Official website here: www.rmec.com
Who are the executives of Rich Mountain Electric Cooperative Inc and what are their salaries?
The average compensation at Rich Mountain Electric Cooperative Inc during 2022 was $45,261. There are 38 employees at Rich Mountain Electric Cooperative Inc.
Here are 16 key members and their salaries (Rich Mountain Electric Cooperative Inc's CEO's salary is $211,927 and their total compensation is $296,811):
- Brad Castor (Ceo)
- Brian Dixon (Employee)
- Ricky J Strother (Employee)
- Chris Parker (Cfo/Office Mgr)
- Jason Oneal (Employee)
- John Larucci (Employee)
- Jason Harris (Employee)
- Kyle Cannon (Director)
- Mark Robbins (Treasurer) [Trustee/Director]
- Tommy Miller (Director)
- Buddy Newbolt (Chairman) [Trustee/Director]
- Gary Bearden (Director)
- Hershel Bell (Director)
- Danny Hansbrough (Director)
- Larry Dunaway (Vice Chairman) [Trustee/Director]
- Betty Smith (Director)
Official website here: www.rmec.com
Where can I find the form 990 for Rich Mountain Electric Cooperative Inc?
The Rich Mountain Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.rmec.com
Learn more at the official website: www.rmec.com
Mission Statement of Rich Mountain Electric Cooperative Inc
Rich Mountain Electric Cooperative Inc, a member-owned electric distribution cooperative, is dedicated to providing electric service to its members at the lowest possible cost. Located in the heart of the cooperative community, Rich Mountain Electric Cooperative goes above and beyond to not only deliver electricity but also help its members improve energy efficiency at their homes or businesses.
The cooperative's primary objective is to ensure affordable electric service for all its members. By leveraging its unique cooperative business model, Rich Mountain Electric Cooperative is able to provide cost-effective solutions and pass along savings to its consumers. In addition to this, the organization is committed to offering energy efficiency programs tailored to each member's needs. By assisting members in implementing energy-saving measures, the cooperative reduces overall energy consumption, which in turn benefits the community as a whole.
Rich Mountain Electric Cooperative's mission extends beyond simply providing electricity. Acting as a trusted partner, the cooperative works closely with its members to help them navigate the complexities of energy management. By offering expert advice and resources, the organization empowers its members to make informed decisions and save money on their energy bills. Through this collaborative approach, Rich Mountain Electric Cooperative fosters strong relationships and builds a thriving, sustainable community.
Impact
This information is meant to be a general summary of Rich Mountain 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
Rich Mountain Electric Cooperative Inc's impact lies in providing affordable electric service to its members while also promoting energy efficiency. By offering programs to help members improve their energy efficiency at home or in their businesses, the cooperative contributes to environmental sustainability and helps reduce overall energy consumption. This not only benefits the members by lowering their energy costs but also has a positive impact on the community by promoting responsible energy practices.
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.
ELECTRIC ENERGY SALES
Revenue
$21,950,190
Organization Details
Founding Year
1945
Phone
(479) 394-4140
Principal Officer
Brad Castor
Main Address
PO BOX 897, MENA, AR, 71953
Website
www.rmec.com
NTEE Category
Code: W80 - Public benefit
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