Overview
What is Southwest Iowa Rec?
Southwest Iowa Rec is a nonprofit organization, headquartered at 1801 Grove Avenue in Corning, Iowa (50841). With a team of 34 employees, the organization distributes electric energy to approximately 6,028 consumer members, which include rural residential, small commercial, large power, and public authority users. They follow sound business practices to ensure reliable and consistent electric energy delivery. In the recent past, they completed installations of 66 new services and decommissioned 60 services. Furthermore, they expanded their infrastructure by adding 19.52 miles of overhead lines and retired 18.14 miles, and installed 1.77 miles of underground lines while retiring 0.12 miles. Their primary mission is to provide electric energy to their member consumers in a responsible and sustainable manner.
Official website here: www.swiarec.coop
What are the reviews and ratings of this charity?
The Southwest Iowa REC is currently not rated on Charity Navigator. It cannot be evaluated under their standard methodologies like Accountability & Finance, Impact & Measurement, Culture & Community, and Leadership & Adaptability because it is not registered as a 501(c)(3) nonprofit. This absence of a rating does not imply any assessment, either positive or negative.
The organization is identified as an independent entity based on IRS data, although financial specifics like total revenue, expenses, and key person salaries are not available. As it does not have a 501(c)(3) status, Southwest Iowa REC also cannot leverage potential evaluations that historically focus on accountability and financials.
Without user reviews on GreatNonprofits, there's a lack of public sentiment or firsthand insights into Southwest Iowa REC’s community impact and internal operations. This limits the ability to provide a comprehensive overview of the nonprofit’s effectiveness or community engagement.
This AI summary has been generated from information found on Charity Navigator.
Is Southwest Iowa Rec legitimate?
Southwest Iowa Rec is a legitimate nonprofit organization registered as a 501(c)(12) entity. Southwest Iowa Rec 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: $256,249
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.swiarec.coop
What is the mission statement of Southwest Iowa Rec?
Southwest Iowa Rec is dedicated to providing electric energy to its rural residential, small commercial, large power, and public authority users in a responsible and sound business manner. They serve approximately 6,028 member-consumers and aim to deliver electricity reliably. In the previous period, they installed 66 new services and retired 60, enhancing their infrastructure by adding 19.52 miles of overhead lines and 1.77 miles of underground lines, while retiring 18.14 miles of overhead lines and 0.12 miles of underground lines.
Official website here: www.swiarec.coop
Who is the CEO of Southwest Iowa Rec?
Phil Kinser is the CEO of Southwest Iowa Rec The CEO's salary of Southwest Iowa Rec is $175,769 and their total compensation is $211,874.
Official website here: www.swiarec.coop
What is the revenue of Southwest Iowa Rec?
Southwest Iowa Rec's revenue in 2023 was $13,189,954.
Official website here: www.swiarec.coop
Who are the executives of Southwest Iowa Rec and what are their salaries?
The average compensation at Southwest Iowa Rec during 2023 was $7,537. There are 34 employees at Southwest Iowa Rec.
Here are 13 key members and their salaries (Southwest Iowa Rec's CEO's salary is $175,769 and their total compensation is $211,874):
- Compensation: $9,075
- Related: $0
- Other: $0
- Compensation: $3,700
- Related: $0
- Other: $0
- Compensation: $5,700
- Related: $0
- Other: $0
- Compensation: $3,200
- Related: $0
- Other: $0
- Compensation: $3,450
- Related: $0
- Other: $0
- Compensation: $3,450
- Related: $0
- Other: $0
- Compensation: $3,450
- Related: $0
- Other: $0
- Compensation: $3,950
- Related: $0
- Other: $0
- Compensation: $3,950
- Related: $0
- Other: $0
- Compensation: $3,450
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $175,769
- Related: $0
- Other: $36,105
- Compensation: $100,712
- Related: $0
- Other: $32,823
Official website here: www.swiarec.coop
Where can I find the form 990 for Southwest Iowa Rec?
Southwest Iowa Rec's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.swiarec.coop
Learn more at the official website: www.swiarec.coop
Mission Statement of Southwest Iowa Rec
Southwest Iowa Rec, a dedicated organization, is committed to distributing electric energy to its member-consumers in a responsible and sustainable manner. This cooperative caters to the electrical needs of rural residential, small commercial, large power, and public authority users, ensuring reliable and sound business practices are upheld in every transaction.
With a customer base of approximately 6,028 members, Southwest Iowa Rec takes pride in installing new services and retiring old ones, maintaining an efficient and evolving infrastructure. In the recent past, the organization added 19.52 miles of overhead power lines while retiring 18.14 miles, and 1.77 miles of underground lines were installed with the retirement of 0.12 miles. These improvements reflect Southwest Iowa Rec's commitment to keeping up with the changing electrical demands of its community.
Southwest Iowa Rec's primary focus is on providing essential electric energy to its members in a manner that fosters trust and sustainability. By following sound business practices, the cooperative aims to exceed expectations and deliver top-notch service to its customers.
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Impact
October, 2024
Southwest Iowa Rec significantly impacts its community by providing reliable electric energy to 6,028 member-consumers, encompassing rural residential areas, small commercial enterprises, large power users, and public authorities. By prioritizing sound business practices, they ensure that members receive consistent and dependable power.
In the past year, Southwest Iowa Rec installed 66 new services and expanded its infrastructure with 19.52 miles of overhead lines and 1.77 miles of underground lines, enhancing energy accessibility. This growth not only meets the current demand but also supports future expansion in the community. The organization is committed to maintaining safety and reliability, evidenced by retiring outdated lines, which helps to improve public safety standards. Overall, their efforts contribute significantly to the region’s energy stability and economic development.
This information is meant to be a general summary of Southwest Iowa Rec. 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: $61,549
- Program Service Revenue: $12,441,515
- Gross Receipts: $13,297,334
Assets and Liabilities:
- Total Assets: $42,589,931
- Total Liabilities: $23,981,955
- Net Assets: $18,607,976
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC REVENUE
Revenue
$12,369,422
MISC PROGRAM REVENUE
Revenue
$72,093
Organization Details
Founding Year
2004
Principal Officer
Phil Kinser
Website
www.swiarec.coopNTEE Category
Code: M20 - Public safety
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