Salem Electric

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

EIN: 930272945 ✦ Salem, OR ✦ Designated as a 501(c)(12)

Overview

What is Salem Electric?

Salem Electric, based in Salem, Oregon, is an electric service provider catering to members within the community. In addition to delivering electricity, the organization offers energy conservation incentives, disseminates relevant information, and provides equipment to help members reduce their energy consumption. Salem Electric has implemented successful programs, including a heat pump project with 157 completed projects, which assists residential customers in installing energy-efficient systems, and an energy smart design program with 22 completed projects, designed to enhance the energy efficiency of commercial establishments.


Official website here: www.salemelectric.com

Is Salem Electric legitimate?

Salem Electric is a legitimate nonprofit organization registered as a 501(c)(12) entity. Salem Electric 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: $895,217
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.salemelectric.com

What is the mission statement of Salem Electric?

Salem Electric is dedicated to delivering electric service to its members. Beyond electricity provision, the organization offers energy conservation incentives, information, and equipment to help its customers reduce their consumption and save on energy costs. Through specific programs, Salem Electric assists residential clients in installing energy-efficient systems, such as heat pumps, and collaborates with commercial entities to implement smart energy designs. The mission of Salem Electric is to provide electric service and promote energy conservation to optimize the use of electricity and promote sustainability for its customer base.


Official website here: www.salemelectric.com

Who is the CEO of Salem Electric?

Anthony C Schacher is the Principal Officer of Salem Electric.


Official website here: www.salemelectric.com

What is the revenue of Salem Electric?

Salem Electric's revenue in 2022 was $33,158,579.


Official website here: www.salemelectric.com

Who are the executives of Salem Electric and what are their salaries?

The average compensation at Salem Electric during 2022 was $19,047. There are 47 employees at Salem Electric.

Here are 16 key members and their salaries:

    Anthony Schacher (General Manager)
  • Compensation: $295,650
  • Related: $0
  • Other: $65,879

    • Jonathan Phillips (Engineering And Operations Manager)
  • Compensation: $220,979
  • Related: $0
  • Other: $56,986

    • Michael Richman (Information Technology Manager)
  • Compensation: $201,164
  • Related: $0
  • Other: $54,571

    • Christopher Krieck (Administrative Services Manager)
  • Compensation: $198,970
  • Related: $0
  • Other: $53,831

    • Zachary Dillingham (Foreman)
  • Compensation: $175,575
  • Related: $0
  • Other: $50,651

    • Jacob Knudsen (Member Services Manager)
  • Compensation: $178,834
  • Related: $0
  • Other: $43,785

    • Brian Aicher (Line Superintendent)
  • Compensation: $173,464
  • Related: $0
  • Other: $41,327

    • Eric Weekly (Journeyman Lineman)
  • Compensation: $172,341
  • Related: $0
  • Other: $34,934

    • Angie Onyewuchi (Director)
  • Compensation: $10,483
  • Related: $0
  • Other: $0

    • Jeff Anderson (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $10,155
  • Related: $0
  • Other: $0

    • Dave Bauer (Vice President) [Trustee/Director]
  • Compensation: $7,795
  • Related: $0
  • Other: $0

    • Joe Van Meter (President) [Trustee/Director]
  • Compensation: $7,593
  • Related: $0
  • Other: $0

    • Jan Bargen (Director)
  • Compensation: $6,420
  • Related: $0
  • Other: $0

    • Cindy Gruber-Condon (Director)
  • Compensation: $5,935
  • Related: $0
  • Other: $0

    • Tim Klarr (Director)
  • Compensation: $4,565
  • Related: $0
  • Other: $0

    • Gerard Berger (Director)
  • Compensation: $2,389
  • Related: $0
  • Other: $0


  • Official website here: www.salemelectric.com

    Where can I find the form 990 for Salem Electric?

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


    Official website here: www.salemelectric.com

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

    Mission Statement of Salem Electric

    Salem Electric, a mission-driven electric service provider, is committed to delivering electric power to its members. Beyond providing essential electricity, Salem Electric goes the extra mile in promoting energy conservation among its customers. This community-focused organization takes pride in offering incentives, information, and equipment designed to help members reduce their energy consumption.

    To further illustrate its dedication to energy efficiency, Salem Electric runs several initiatives. One such program is their Heat Pump Project, which has completed 157 installations, enabling residential clients to upgrade their homes with energy-efficient heating systems. Another program, Energy Smart Design, has accomplished 22 projects in the commercial sector, assisting businesses in implementing energy-saving designs. By providing these valuable services, Salem Electric not only contributes to the reduction of energy waste but also helps its members save on utility bills and promote sustainability.

    Impact

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




    Thursday, August 15, 2024

    Salem Electric plays a crucial role in providing electric service to its members in Salem, Oregon. The organization is dedicated to promoting energy conservation by offering incentives, information, and equipment to its members. Through programs like the heat pump program, which has facilitated 157 energy-efficient installations in residential properties, and the energy smart design program, which has completed 22 projects for commercial customers, Salem Electric actively contributes to reducing energy consumption and promoting sustainability in the community.





    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: $158,641
  • Program Service Revenue: $32,999,938
  • Gross Receipts: $33,177,741

    • Assets and Liabilities:
  • Total Assets: $74,755,848
  • Total Liabilities: $19,832,713
  • Net Assets: $54,923,135
  • Programs

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

    Electric Revenue

    Revenue

    $32,763,874

    Rent from electric property

    Revenue

    $89,684

    Sales of clean fuels credits

    Revenue

    $146,380

    Organization Details

    Founding Year

    1938

    Principal Officer

    Anthony C Schacher

    Main Address

    633 7th Street NW, Salem, OR, 973043802

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Salem Electric 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.