Medina Electric Cooperative Inc

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

EIN: 740779023 ✦ Hondo, TX ✦ Designated as a 501(c)(12)

Overview

What is Medina Electric Cooperative Inc?

Medina Electric Cooperative Inc is a Texas-based nonprofit organization dedicated to delivering quality and reliable electric services to over 16,500 members within a 12,000 square-mile region. With over 30,500 meter connections, Medina EC ensures the provision of electricity to a vast community. Their mission is centered around enhancing the lives of their members by offering dependable electric services.


Official website here: www.medinaec.org

Is Medina Electric Cooperative Inc legitimate?

Medina Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Medina 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: $1,788,567
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,044,050

For more financial information, click here


Official website here: www.medinaec.org

What is the mission statement of Medina Electric Cooperative Inc?

Medina Electric Cooperative Inc is dedicated to delivering quality and reliable electric service to its cooperative members. Serving over 16,500 members with over 30,500 meter connections, the cooperative ensures electricity coverage across a vast region. Its primary goal is to keep the power flowing consistently, enhancing the daily lives of its members. With a focus on dependability and excellence, Medina Electric Cooperative Inc strives to maintain a strong electrical infrastructure and address the ever-changing needs of its community.


Official website here: www.medinaec.org

Who is the CEO of Medina Electric Cooperative Inc?

Herbert Grebe Iii is the Director of Medina Electric Cooperative Inc. The CEO's salary of Medina Electric Cooperative Inc is $55,936 and their total compensation is $56,104.


Official website here: www.medinaec.org

What is the revenue of Medina Electric Cooperative Inc?

Medina Electric Cooperative Inc's revenue in 2022 was $157,652,712.


Official website here: www.medinaec.org

Who are the executives of Medina Electric Cooperative Inc and what are their salaries?

The average compensation at Medina Electric Cooperative Inc during 2022 was $62,232. There are 158 employees at Medina Electric Cooperative Inc.

Here are 23 key members and their salaries (Medina Electric Cooperative Inc's CEO's salary is $55,936 and their total compensation is $56,104):

    Hebert Ott Grebe Iii (Chief Executive Officer)
  • Compensation: $237,563
  • Related: $0
  • Other: $104,807

    • Patricia Taylor (Chief Administrative Officer)
  • Compensation: $138,260
  • Related: $0
  • Other: $127,112

    • Doug Kindred (Chief It Officer)
  • Compensation: $140,331
  • Related: $0
  • Other: $112,759

    • Oscar Chapa (Manager Of Southern Region Operations)
  • Compensation: $113,404
  • Related: $0
  • Other: $128,691

    • Laurie Van Damme (Chief Financial Officer)
  • Compensation: $139,926
  • Related: $0
  • Other: $94,502

    • Leonard Geyer (Chief Operations Division Officer)
  • Compensation: $129,444
  • Related: $0
  • Other: $100,355

    • Keith Calle (Chief Engineering Division Officer)
  • Compensation: $157,135
  • Related: $0
  • Other: $63,146

    • Derly Carrizales (Safety Manager)
  • Compensation: $113,634
  • Related: $0
  • Other: $99,231

    • Brett Williams (Manager Of Finance)
  • Compensation: $120,848
  • Related: $0
  • Other: $60,496

    • Sean Krause (Engineer)
  • Compensation: $125,911
  • Related: $0
  • Other: $52,990

    • Mario Molina (Working Foreman)
  • Compensation: $118,305
  • Related: $0
  • Other: $43,203

    • Mark Rollans (Chief Executive Officer)
  • Compensation: $55,936
  • Related: $0
  • Other: $168

    • Mark Howard (Chief Operations Division Officer)
  • Compensation: $47,905
  • Related: $0
  • Other: $168

    • Jose Luis Gonzalez (Director)
  • Compensation: $18,950
  • Related: $0
  • Other: $0

    • Kenneth Weynand (Director)
  • Compensation: $17,700
  • Related: $0
  • Other: $0

    • Rodolfo Rodriguez (Director)
  • Compensation: $15,950
  • Related: $0
  • Other: $0

    • Kenneth G White (President) [Trustee/Director]
  • Compensation: $15,900
  • Related: $0
  • Other: $0

    • James Raines (Director)
  • Compensation: $15,700
  • Related: $0
  • Other: $0

    • Larry Huesser (Vice President) [Trustee/Director]
  • Compensation: $15,700
  • Related: $0
  • Other: $0

    • Annette Sorrells (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $14,300
  • Related: $0
  • Other: $0

    • Wayne Scholtz (Director)
  • Compensation: $12,450
  • Related: $0
  • Other: $0

    • Chris Surles (Director (Jan-Sept))
  • Compensation: $9,500
  • Related: $0
  • Other: $0

    • Jim Gates (Director (Oct-Dec))
  • Compensation: $2,900
  • Related: $0
  • Other: $0


  • Official website here: www.medinaec.org

    Where can I find the form 990 for Medina Electric Cooperative Inc?

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


    Official website here: www.medinaec.org

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

    Mission Statement of Medina Electric Cooperative Inc

    Medina Electric Cooperative Inc, a leading electric service provider, is dedicated to delivering quality and reliable electricity to its over 16,500 members across a vast 12,000 square-mile region in Texas. With more than 30,500 meter connections, this cooperative goes beyond just supplying power; it ensures a consistent electric supply for homes and businesses, enhancing the daily lives of its community members.

    Established with a mission to provide electric service, Medina Electric Cooperative Inc has become an essential partner in the lives of its members. Its commitment to excellence is reflected in its unwavering efforts to maintain a robust and efficient electric infrastructure. The cooperative's operations are not limited to supplying electricity; it also seeks to foster a sense of community and collaboration among its members. By providing them with a dependable power source, Medina Electric Cooperative Inc enables its members to thrive and grow in various aspects of their lives.

    In summary, Medina Electric Cooperative Inc is more than just an electric service provider—it is a vital partner in the lives of its members. Its mission to provide quality and reliable electric service is the cornerstone of its commitment to enhancing the daily lives of the communities it serves. With a focus on consistency and reliability, Medina Electric Cooperative Inc has established itself as a trusted partner and a source of stability for its members in Texas.

    Impact

    This information is meant to be a general summary of Medina 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

    Medina Electric Cooperative Inc's impact is significant as it plays a crucial role in providing quality and reliable electric service to over 16,500 members with more than 30,500 meter connections throughout a 12,000 square-mile region in Texas. By ensuring that its members have access to electricity, Medina Electric Cooperative Inc contributes to the economic development, comfort, and safety of the communities it serves. The cooperative's efforts help power homes, businesses, and essential services, supporting the daily lives of a large number of individuals in its service area.





    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: $-3,133,573
  • Program Service Revenue: $160,568,424
  • Gross Receipts: $161,754,655

    • Assets and Liabilities:
  • Total Assets: $298,551,439
  • Total Liabilities: $170,557,958
  • Net Assets: $127,993,481
  • Programs

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

    SALES OF ELECTRICITY

    Revenue

    $155,836,409

    PATRONAGE DIVIDENDS

    Revenue

    $4,307,263

    SERVICE FEES

    Revenue

    $399,144

    OTHER PROGRAM REVENUE

    Revenue

    $16,934

    ELECTRIC WHEELING

    Revenue

    $8,674

    Organization Details

    Founding Year

    1938

    Principal Officer

    Herbert Grebe Iii

    Main Address

    PO BOX 370, HONDO, TX, 78861

    NTEE Category

    Code: W80 - Public benefit

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