Steuben Rural Electric Cooperative Inc

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

EIN: 160650108 ✦ Bath, NY ✦ Designated as a 501(c)(12)

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Overview

What is Steuben Rural Electric Cooperative Inc?

Steuben Rural Electric Cooperative Inc, based at 9 Wilson Avenue, Bath, New York 14810, is a nonprofit organization dedicated to enhancing rural life by delivering affordable, dependable electricity and associated services to over 6,400 members across four counties. Their mission is to improve rural communities by ensuring access to safe, cost-effective electricity. With a team of 32 employees, they strive to provide their members with a high standard of electric service.


Official website here: www.steubenrec.coop

What are the reviews and ratings of this charity?

Steuben Rural Electric Cooperative Inc currently does not have a rating from Charity Navigator. This absence is due to its status as a non-501(c)(3) organization, which excludes it from evaluation under Charity Navigator's criteria, focused on Accountability & Finance, Impact & Measurement, and other aspects.

Since Charity Navigator metrics predominantly apply to registered 501(c)(3) organizations, Steuben Rural Electric Cooperative Inc's operations and financial situation are not assessed using the typical nonprofit standards. This limitation means that potential supporters will need to look for other methods to assess the cooperative's efficacy and management.

There are no user reviews available from GreatNonprofits, leaving a gap in public feedback and insights into the organization's community impact and stakeholder satisfaction. To understand more about this organization, direct contact or investigation into other review sources may be necessary.


This AI summary has been generated from information found on Charity Navigator.

Is Steuben Rural Electric Cooperative Inc legitimate?

Steuben Rural Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Steuben Rural 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 tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $207,893
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.steubenrec.coop

What is the mission statement of Steuben Rural Electric Cooperative Inc?

Steuben Rural Electric Cooperative Inc aims to enhance rural living standards by supplying its members with affordable and dependable electricity and associated services. The cooperative is dedicated to ensuring the safety of its operations while delivering electricity to over 6,400 meters spread across four counties. The mission of Steuben Rural Electric Cooperative Inc is to improve the quality of life for its members by providing them with reliable electricity and additional services in a secure manner. The cooperative's focus on safety, affordability, and dependability sets it apart in delivering essential electricity to its community.


Official website here: www.steubenrec.coop

Who is the CEO of Steuben Rural Electric Cooperative Inc?

Bryant Dillon is the Treasurer of Steuben Rural Electric Cooperative Inc.


Official website here: www.steubenrec.coop

What is the revenue of Steuben Rural Electric Cooperative Inc?

Steuben Rural Electric Cooperative Inc's revenue in 2022 was $12,328,406.


Official website here: www.steubenrec.coop

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

The average compensation at Steuben Rural Electric Cooperative Inc during 2022 was $6,497. There are 32 employees at Steuben Rural Electric Cooperative Inc.


Here are 15 key members and their salaries:


Gordon Foster (Treasurer)
  • Compensation: $6,680
  • Related: $0
  • Other: $0
William H Moss Iii (Director)
  • Compensation: $3,000
  • Related: $0
  • Other: $0
Randy Stankey (Director)
  • Compensation: $5,900
  • Related: $0
  • Other: $0
Gerald Chase (Director)
  • Compensation: $6,860
  • Related: $0
  • Other: $0
Janice Hoad (Secretary)
  • Compensation: $5,860
  • Related: $0
  • Other: $0
James R Mccormick (President)
  • Compensation: $7,460
  • Related: $0
  • Other: $0
Robert V Nichols (Vice President)
  • Compensation: $6,120
  • Related: $0
  • Other: $0
Edward Borkowski (Director)
  • Compensation: $9,800
  • Related: $0
  • Other: $0
Walter Longwell (Director)
  • Compensation: $600
  • Related: $0
  • Other: $0
Bryant Dillon (General Manager)
  • Compensation: $115,974
  • Related: $0
  • Other: $39,640
Justin Young (First Class Lineman)
  • Compensation: $107,951
  • Related: $0
  • Other: $18,677
Joshua Gauss (Operations Manager)
  • Compensation: $106,395
  • Related: $0
  • Other: $39,928
Wade Nelson (Foreman)
  • Compensation: $103,755
  • Related: $0
  • Other: $19,957
Evan Wightman (First Class Lineman)
  • Compensation: $102,150
  • Related: $0
  • Other: $34,638
Richard Pendle (Chief Lineman)
  • Compensation: $107,527
  • Related: $0
  • Other: $33,756


Official website here: www.steubenrec.coop

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

Steuben Rural Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.steubenrec.coop

Learn more at the official website: www.steubenrec.coop

Mission Statement of Steuben Rural Electric Cooperative Inc

Steuben Rural Electric Cooperative Inc, a dedicated organization, strives to enhance rural life by delivering affordable, dependable electricity and associated services to its members. With a commitment to safety, this cooperative aims to improve the overall quality of life for those residing in rural areas.

Serving over 6,400 meters across four counties, Steuben Rural Electric Cooperative Inc goes beyond the provision of basic electricity. It is a beacon of reliability, ensuring that its members can depend on a consistent power supply. The cooperative's mission is not just about electricity; it also encompasses ensuring that these essential services are delivered in a secure manner. By doing so, it fosters peace of mind and enables its members to focus on their daily lives.

Steuben Rural Electric Cooperative Inc's unwavering dedication to its members is evident in its efforts to provide low-cost electricity. By offering affordable rates, this cooperative helps make electricity accessible to a larger population in rural areas. Additionally, it ensures the timely execution of any necessary repairs and maintenance, minimizing downtime and ensuring uninterrupted power. As a responsible and community-focused organization, Steuben Rural Electric Cooperative Inc continues to prioritize the well-being of its members, providing them with the electricity they need to thrive in their rural environments.

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Impact




October, 2024

Steuben Rural Electric Cooperative Inc significantly enhances the quality of life in rural areas by ensuring access to low-cost, reliable electricity and related services. Serving over 6,400 meters across four counties, the cooperative plays a vital role in the daily lives of its members, fostering energy independence and contributing to community stability. Their commitment to safety in operation further underscores their focus on providing essential services while prioritizing the well-being of their members. By delivering dependable electricity, Steuben Rural Electric not only meets the energy needs of rural residents but also supports economic growth and development in these communities.




This information is meant to be a general summary of Steuben Rural Electric Cooperative Inc. 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.

Revenue
$12,328,406 (2022)
Expenses
$11,501,376 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $82,461
  • Program Service Revenue: $12,224,904
  • Gross Receipts: $12,328,406

Assets and Liabilities:

  • Total Assets: $40,590,511
  • Total Liabilities: $21,757,324
  • Net Assets: $18,833,187

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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

$12,224,904

Organization Details

Founding Year

1941

Principal Officer

Bryant Dillon

Main Address

9 WILSON AVENUE, BATH, NY, 14810

NTEE Category

Code: W80 - Public benefit

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