Overview
What is Oneida-Madison Electric Cooperative?
Oneida-Madison Electric Cooperative, based in Bouckville, New York, is a nonprofit organization with a mission to provide affordable electric energy to its members. Serving a membership of 1,760 individuals, they maintain an extensive distribution network of 263.99 miles. Operating on a cooperative model, they allocate patronage capital to all customers purchasing their services, ensuring a cost-effective approach. Their activities are focused on making electric energy readily available to their community, prioritizing sound economy and good management. With a workforce of eight employees, they strive to meet the energy needs of their members efficiently.
Official website here: www.oneida-madison.coop
Is Oneida-Madison Electric Cooperative legitimate?
Oneida-Madison Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Oneida-Madison Electric Cooperative 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 tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $219,065
Professional Fundraising Fees: $0
Other Salaries and Wages: $393,760
For more financial information, click here
Official website here: www.oneida-madison.coop
What is the mission statement of Oneida-Madison Electric Cooperative?
The mission of Oneida-Madison Electric Cooperative is centered around making affordable electric energy accessible to its members, prioritizing sound economic principles and effective management. The cooperative provides electric services to its 1760 members, covering a vast network of 263.99 miles of distribution lines, all while ensuring the cost remains reasonably low.
Official website here: www.oneida-madison.coop
Who is the CEO of Oneida-Madison Electric Cooperative?
Rudy Brouillette is the Ceo of Oneida-Madison Electric Cooperative. The CEO's salary of Oneida-Madison Electric Cooperative is $121,560 and their total compensation is $188,722.
Official website here: www.oneida-madison.coop
What is the revenue of Oneida-Madison Electric Cooperative?
Oneida-Madison Electric Cooperative's revenue in 2022 was $3,220,675.
Official website here: www.oneida-madison.coop
Who are the executives of Oneida-Madison Electric Cooperative and what are their salaries?
The average compensation at Oneida-Madison Electric Cooperative during 2022 was $76,603. There are 8 employees at Oneida-Madison Electric Cooperative.
Here are 9 key members and their salaries (Oneida-Madison Electric Cooperative's CEO's salary is $121,560 and their total compensation is $188,722):
- Compensation: $121,560
- Related: $0
- Other: $67,162
- Compensation: $106,712
- Related: $0
- Other: $23,418
- Compensation: $9,140
- Related: $0
- Other: $0
- Compensation: $8,580
- Related: $0
- Other: $0
- Compensation: $4,080
- Related: $0
- Other: $0
- Compensation: $2,580
- Related: $0
- Other: $0
- Compensation: $2,340
- Related: $0
- Other: $0
- Compensation: $1,823
- Related: $0
- Other: $0
- Compensation: $1,800
- Related: $0
- Other: $0
Official website here: www.oneida-madison.coop
Where can I find the form 990 for Oneida-Madison Electric Cooperative?
Oneida-Madison Electric Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oneida-madison.coop
Learn more at the official website: www.oneida-madison.coop
Mission Statement of Oneida-Madison Electric Cooperative
Oneida-Madison Electric Cooperative is dedicated to providing its members with affordable electric energy in a responsible and economically sound manner. This nonprofit organization strives to make electricity accessible to its members at the most reasonable cost, all while maintaining good management practices. By operating on a cooperative basis, the Cooperative distributes patronage capital to all its customers who purchase electric service, ensuring an equitable approach to energy provision.
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Impact
October, 2024
Oneida-Madison Electric Cooperative significantly impacts its community by providing reliable electric service to its members. With a distribution network that spans over 263.99 miles, it serves 1,760 members, ensuring access to essential energy resources. The cooperative operates with a focus on delivering electric energy at the lowest possible cost while maintaining sound economic practices and effective management.
The cooperative exemplifies responsible stewardship through its patronage capital allocation, which benefits all customers who purchase electric services. By prioritizing affordability and reliability, Oneida-Madison Electric Cooperative enhances the quality of life for its members in Bouckville, NY, while fostering a spirit of community and mutual support. This commitment not only empowers local residents but also promotes sustainable economic growth in the region.
This information is meant to be a general summary of Oneida-Madison Electric Cooperative. Please take the time to review official sources before making any decisions based upon the content provided here.
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.
- Investment Income: $8,225
- Program Service Revenue: $3,212,526
- Gross Receipts: $3,224,114
Assets and Liabilities:
- Total Assets: $7,513,518
- Total Liabilities: $3,871,972
- Net Assets: $3,641,546
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC SERVICE REVENUE
Revenue
$3,134,817
Patronage credits
Revenue
$7,112
Pole attachments
Revenue
$70,597
Organization Details
Founding Year
1942
Phone
(315) 893-1851Principal Officer
Rudy Brouillette
Main Address
PO BOX 27, BOUCKVILLE, NY, 13310
Website
www.oneida-madison.coopNTEE Category
Code: W80Z - Public benefit
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