Morgan County Rural Electric Association

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

EIN: 840271515 ✦ Fort morgan, CO ✦ Designated as a 501(c)(12)

Overview

What is Morgan County Rural Electric Association?

Morgan County Rural Electric Association is a Colorado-based cooperative that delivers and sells electric energy on a retail basis to the rural communities of six counties. With a team of 40 employees, they ensure power supply to 9,265 meters and have sold a significant amount of energy to their member-owners. Their mission is to bring electric power to rural areas, making a substantial difference in the lives of the communities they serve.


Official website here: www.mcrea.org

Is Morgan County Rural Electric Association legitimate?

Morgan County Rural Electric Association is a legitimate nonprofit organization registered as a 501(c)(12) entity. Morgan County Rural Electric Association 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: $756,151
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,213,398

For more financial information, click here


Official website here: www.mcrea.org

What is the mission statement of Morgan County Rural Electric Association?

Morgan County Rural Electric Association is a cooperative that focuses on distributing and retailing electric energy in rural areas of six counties in Colorado. Their primary goal is to ensure the delivery of electricity to their member-owners. The cooperative has successfully provided electrical power to 9265 meters and sold a substantial amount of energy, totaling 382,390,732 kWh. By offering reliable electric energy, Morgan County Rural Electric Association enhances the daily lives of the residents in the rural communities it serves.


Official website here: www.mcrea.org

Who is the CEO of Morgan County Rural Electric Association?

David Frick is the General Manager of Morgan County Rural Electric Association.


Official website here: www.mcrea.org

What is the revenue of Morgan County Rural Electric Association?

Morgan County Rural Electric Association's revenue in 2022 was $44,792,828.


Official website here: www.mcrea.org

Who are the executives of Morgan County Rural Electric Association and what are their salaries?

The average compensation at Morgan County Rural Electric Association during 2022 was $99,239. There are 40 employees at Morgan County Rural Electric Association.

Here are 16 key members and their salaries:

    David Frick (General Manager)
  • Compensation: $213,558
  • Related: $0
  • Other: $88,003

    • Steve Sundet (Manager Of Engineering)
  • Compensation: $140,273
  • Related: $0
  • Other: $65,751

    • Bobby Brenton (Manager Of Operations)
  • Compensation: $142,184
  • Related: $0
  • Other: $54,822

    • Robb Shaver (Manager Of Office Services)
  • Compensation: $128,111
  • Related: $0
  • Other: $62,309

    • Rodney Rhoades (Lineman)
  • Compensation: $119,527
  • Related: $0
  • Other: $55,306

    • Alan Mason (Line Superintendant)
  • Compensation: $112,039
  • Related: $0
  • Other: $56,936

    • Robert Baranowski (Manager Of Member Services)
  • Compensation: $102,005
  • Related: $0
  • Other: $54,392

    • David E Arndt (Director)
  • Compensation: $36,118
  • Related: $0
  • Other: $0

    • Timothy A Peggram (Director)
  • Compensation: $33,718
  • Related: $0
  • Other: $0

    • Terry Tormohlen (Director)
  • Compensation: $32,500
  • Related: $0
  • Other: $0

    • Larry Hoozee (Director)
  • Compensation: $32,118
  • Related: $0
  • Other: $0

    • Cary Wickstrom (Director)
  • Compensation: $31,918
  • Related: $0
  • Other: $0

    • J Brian Pabst (Director)
  • Compensation: $31,318
  • Related: $0
  • Other: $0

    • Randolph D Graff (Director)
  • Compensation: $29,318
  • Related: $0
  • Other: $0

    • Jim Bostron (Director)
  • Compensation: $19,732
  • Related: $0
  • Other: $0

    • Terry Linker (Director)
  • Compensation: $17,432
  • Related: $0
  • Other: $0


  • Official website here: www.mcrea.org

    Where can I find the form 990 for Morgan County Rural Electric Association?

    The Morgan County Rural Electric Association’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.mcrea.org

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

    Mission Statement of Morgan County Rural Electric Association

    Morgan County Rural Electric Association, a cooperative based in Colorado, is dedicated to bringing essential electric energy to the rural communities of six counties in the state. By retailing and distributing electric power, this organization has become an indispensable source of energy for over 9,265 meters.

    In the mission to serve, Morgan County Rural Electric Association has provided and sold a colossal amount of 382,390,732 kWh of electricity to its member-owners. This commitment to providing reliable electric energy enables residents and businesses in rural areas to thrive and live comfortably. With a focus on community and sustainability, Morgan County Rural Electric Association plays a vital role in ensuring that the essential energy needs of rural communities are met.

    Impact

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




    Thursday, August 15, 2024

    Morgan County Rural Electric Association's impact can be seen through the provision of essential electrical power to 9265 meters in the rural areas of six counties in Colorado. In the past year, they have successfully delivered and sold 382,390,732 kWh to their member owners, ensuring reliable access to electricity for households and businesses. This essential service plays a crucial role in supporting the daily lives and economic activities of residents in these underserved regions.





    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: $330,706
  • Program Service Revenue: $44,472,240
  • Gross Receipts: $44,845,584

    • Assets and Liabilities:
  • Total Assets: $110,605,529
  • Total Liabilities: $60,756,879
  • Net Assets: $49,848,650
  • Programs

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

    Utilities

    Revenue

    $43,981,676

    Utilities

    Revenue

    $365,100

    Utilties

    Revenue

    $125,464

    Organization Details

    Founding Year

    1937

    Principal Officer

    David Frick

    Main Address

    PO BOX 738, FORT MORGAN, CO, 807010738

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Morgan County Rural Electric Association 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.