Sussex Rural Electric Cooperative

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

EIN: 221317845 ✦ Sussex, NJ ✦ Designated as a 501(c)(12)

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Overview

What is Sussex Rural Electric Cooperative?

Sussex Rural Electric Cooperative is a public utilities nonprofit headquartered in Sussex, New Jersey. Their primary mission is to deliver electric power to the community members in the area. As a cooperative, they are dedicated to ensuring a reliable source of electricity for their customers.


Official website here: www.sussexrec.com

What are the reviews and ratings of this charity?

Sussex Rural Electric Cooperative is not currently rated by Charity Navigator. This lack of rating is primarily due to its status as a non-501(c)(3) organization, making it ineligible for evaluation by the typical methodologies used by Charity Navigator, such as Accountability & Finance, and Impact & Measurement. Therefore, its absence of a rating neither suggests a positive nor negative assessment.

Since Sussex Rural Electric Cooperative is not evaluated under the usual methodologies due to its designation, there is limited financial or operational data available from Charity Navigator. For instance, there is no available information on total revenue, expenses, or key personnel salaries. The cooperative operates independently and not as a subsidiary, which might infer a level of autonomy in its operations.

GreatNonprofits does not provide any user reviews for Sussex Rural Electric Cooperative, leaving us without direct consumer feedback. The absence of reviews limits insights into user satisfaction or areas in need of improvement. Overall, the cooperative's ineligibility for conventional nonprofit evaluation tools results in a lack of publicly available evaluative data.


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

Is Sussex Rural Electric Cooperative legitimate?

Sussex Rural Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Sussex Rural 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: $783,423
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.sussexrec.com

What is the mission statement of Sussex Rural Electric Cooperative?

Sussex Rural Electric Cooperative is a public utilities organization dedicated to supplying electric power to its members. The cooperative's primary mission is to ensure a consistent electricity supply, enabling the communities it serves to function efficiently. By providing electric power, Sussex Rural Electric Cooperative contributes to enhancing the quality of life for its members. The organization's commitment to its mission is unwavering, working diligently to ensure a reliable and sustainable power source for all. Through its essential services, Sussex Rural Electric Cooperative plays a crucial role in the daily lives of its members, ensuring their homes and businesses remain powered.


Official website here: www.sussexrec.com

Who is the CEO of Sussex Rural Electric Cooperative?

Christopher Reese is the CEO of Sussex Rural Electric Cooperative The CEO's salary of Sussex Rural Electric Cooperative is $274,354 and their total compensation is $372,001.


Official website here: www.sussexrec.com

What is the revenue of Sussex Rural Electric Cooperative?

Sussex Rural Electric Cooperative's revenue in 2023 was $25,482,647.


Official website here: www.sussexrec.com

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

The average compensation at Sussex Rural Electric Cooperative during 2023 was $15,066. There are 52 employees at Sussex Rural Electric Cooperative.

Here are 17 key members and their salaries (Sussex Rural Electric Cooperative's CEO's salary is $274,354 and their total compensation is $372,001):


Jack Haggerty Jr (Chairman)
  • Compensation: $9,750
  • Related: $0
  • Other: $0
William Kovach (Vice-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $12,650
Ronald J Dupont Jr (Secretary/Treasurer)
  • Compensation: $9,450
  • Related: $0
  • Other: $0
Thomas E Madsen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $9,150
Barbara Berge Miller (Director)
  • Compensation: $10,350
  • Related: $0
  • Other: $0
Brad Sparta (Director)
  • Compensation: $10,000
  • Related: $0
  • Other: $0
Karen Mcdougal (Director)
  • Compensation: $7,600
  • Related: $0
  • Other: $0
Joseph Barca (Director)
  • Compensation: $11,850
  • Related: $0
  • Other: $0
Michael Abate (Director)
  • Compensation: $10,900
  • Related: $0
  • Other: $0
Christopher Reese (President/Ceo)
  • Compensation: $274,354
  • Related: $0
  • Other: $97,647
Kevin Boutilier (Director Of Finance - Retired March 2023)
  • Compensation: $105,791
  • Related: $0
  • Other: $15,632
Alison Stormes (Director Of Finance - Beginning March 2023)
  • Compensation: $145,653
  • Related: $0
  • Other: $52,646
Charles Pike (Director Of Engineering - Retired June 2023)
  • Compensation: $171,784
  • Related: $0
  • Other: $37,618
Peter Gianattasio (Chief Coordinator)
  • Compensation: $164,457
  • Related: $0
  • Other: $35,688
Thomas Stone (Supervisor Of Operations)
  • Compensation: $174,811
  • Related: $0
  • Other: $63,157
Michael Osborne (Director Of Engineering And Operations)
  • Compensation: $173,554
  • Related: $0
  • Other: $45,848
Frederick Hosking (Chief Lineman)
  • Compensation: $173,273
  • Related: $0
  • Other: $42,326


Official website here: www.sussexrec.com

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

Sussex Rural Electric Cooperative's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.sussexrec.com

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

Mission Statement of Sussex Rural Electric Cooperative

Sussex Rural Electric Cooperative, a public utilities organization, is dedicated to supplying electric power to its members. Based in New Jersey, this cooperative prioritizes providing essential electricity to its community.

The mission of Sussex Rural Electric Cooperative revolves around delivering electricity to its members. As a cooperative, it prides itself on being a public utility, ensuring that electric power is accessible to all. The cooperative takes a proactive approach to providing this essential service, allowing its members to rely on a steady and dependable power source.

Sussex Rural Electric Cooperative's commitment to its members goes beyond just providing electricity. By operating as a public utility, the organization places the needs of its community at the forefront of its operations. Through its consistent and reliable electric power provision, it contributes significantly to the quality of life of its members. The cooperative's ultimate goal is to make a positive impact on the lives of the people it serves, ensuring they have access to the power they need to live comfortably and efficiently.

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Impact




August, 2024

Sussex Rural Electric Cooperative's impact lies in providing essential electric power to its members in Sussex, NJ. Through its operations, it ensures that households and businesses have access to a reliable source of electricity, contributing to the everyday functioning of the community. By fulfilling its mission of providing electric power to its members, Sussex Rural Electric Cooperative plays a vital role in supporting the infrastructure and development of Sussex, NJ.




This information is meant to be a general summary of Sussex Rural 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.

Revenue
$25,482,647 (2023)
Expenses
$25,451,710 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $33,698
  • Program Service Revenue: $23,965,634
  • Gross Receipts: $25,482,647

Assets and Liabilities:

  • Total Assets: $53,759,859
  • Total Liabilities: $29,140,469
  • Net Assets: $24,619,390

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Programs

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

SALE OF ELECTRICITY

Revenue

$22,944,274

OTHER OPERATING REVENUE

Revenue

$1,021,360

Organization Details

Founding Year

1937

Principal Officer

Chris Reese

NTEE Category

Code: W80 - Public benefit

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