Overview
What is School & Municipal Energy Cooperative Of Wny?
The School & Municipal Energy Cooperative of Wny, based at 355 Harlem Road, West Seneca, New York 14224, is a nonprofit organization dedicated to offering energy services for municipal corporations. With a mission to provide low-cost gas and electric, they have assisted 92 municipal entities in their energy needs. The Cooperative's primary activity revolves around enhancing energy solutions for these municipal corporations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Stars)
The School & Municipal Energy Cooperative of WNY has received an overall rating of 86% from Charity Navigator, reflecting a strong commitment to accountability and finance. This score is derived entirely from a single beacon score, showcasing the organization’s transparency and effective financial practices. The cooperative’s independent board members and robust financial oversight contribute positively to its rating.
One of the notable strengths of the organization is its 100% independent board, which ensures unbiased governance. The cooperative has also demonstrated exemplary financial management, with a program expense ratio of 99.37%, indicating that nearly all of its expenses are directed towards its mission. Furthermore, there has been no material diversion of assets, and comprehensive audit and oversight practices are in place.
While the organization shows significant strengths in financial accountability, the reliance on a single beacon score means that other operational aspects may not be as thoroughly evaluated. Nonetheless, the current data suggests that the School & Municipal Energy Cooperative of WNY is effectively managing its resources and maintaining high standards of governance.
This AI summary has been generated from information found on Charity Navigator.
Is School & Municipal Energy Cooperative Of Wny legitimate?
School & Municipal Energy Cooperative Of Wny is a legitimate nonprofit organization registered as a 501(c)(3) entity. School & Municipal Energy Cooperative Of Wny 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.
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What is the mission statement of School & Municipal Energy Cooperative Of Wny?
The School & Municipal Energy Cooperative of Wny focuses on supplying energy services to municipal corporations. Its mission is geared towards delivering affordable gas and electric solutions to these municipal entities. To date, the cooperative has successfully provided these services to 92 such corporations.
Who is the CEO of School & Municipal Energy Cooperative Of Wny?
Jim Fregelette is the Secretary of School & Municipal Energy Cooperative Of Wny.
What is the revenue of School & Municipal Energy Cooperative Of Wny?
School & Municipal Energy Cooperative Of Wny's revenue in 2023 was $18,401,188.
Who are the executives of School & Municipal Energy Cooperative Of Wny and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for School & Municipal Energy Cooperative Of Wny?
School & Municipal Energy Cooperative Of Wny's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of School & Municipal Energy Cooperative Of Wny
The School & Municipal Energy Cooperative of Wny, with its mission to provide energy services for municipal corporations, plays a vital role in supporting the energy needs of these organizations. In simple terms, this nonprofit cooperative offers affordable gas and electric solutions to 92 municipal corporations.
By focusing on energy services for municipal corporations, the School & Municipal Energy Cooperative of Wny ensures that these essential organizations can effectively manage their energy costs, enabling them to allocate resources more efficiently towards their primary goals. The cooperative's commitment to providing low-cost energy solutions enables these municipal corporations to operate more sustainably, contributing to their overall financial stability and long-term success.
Moreover, the School & Municipal Energy Cooperative of Wny's dedication extends beyond just offering energy services. By collaborating with municipal corporations, the cooperative fosters partnerships that ultimately benefit the communities these organizations serve. Through this collaboration, municipal corporations can make informed decisions regarding their energy usage, potentially contributing to energy conservation efforts and a greener future.
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Impact
October, 2024
The School & Municipal Energy Cooperative of WNY has made a significant impact by providing energy services to municipalities, effectively delivering low-cost natural gas and electricity to 92 municipal corporations. By reducing energy costs, the cooperative enhances financial stability for local governments, enabling them to allocate resources toward critical public services and community development initiatives.
Additionally, this cooperative fosters collaboration among municipalities, facilitating shared solutions and leveraging collective purchasing power, which can lead to more sustainable energy practices. By prioritizing the needs of public entities, the cooperative ensures that communities in Western New York can access reliable and affordable energy, ultimately benefiting residents and fostering local economic growth.
This information is meant to be a general summary of School & Municipal Energy Cooperative Of Wny. 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 2023.
- Investment Income: $18,394
- Program Service Revenue: $18,382,794
- Gross Receipts: $18,401,188
Assets and Liabilities:
- Total Assets: $5,035,639
- Total Liabilities: $1,695,724
- Net Assets: $3,339,915
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GAS REVENUE
Revenue
$7,355,600
ELECTRIC REVENUE
Revenue
$9,775,892
ADMINISTRATIVE REVENUE
Revenue
$288,584
RESERVE REVENUE
CLEAN ENERGY STANDARD - ELECTRIC
Revenue
$962,718
Organization Details
Founding Year
1998
Phone
(716) 821-7069Principal Officer
Jim Fregelette
Main Address
355 HARLEM ROAD, WEST SENECA, NY, 14224
NTEE Category
Code: W800 - Public benefit
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