Overview
What is New Enterprise Rural Electric Cooperative Inc?
New Enterprise Rural Electric Cooperative Inc is a cooperative electric organization, headquartered unspecified, dedicated to delivering dependable electrical service to its members at the most affordable price point. Their primary mission revolves around ensuring that their members receive reliable electricity at the lowest feasible cost. This nonprofit cooperative is committed to making electricity an accessible and affordable resource for its members.
Official website here: www.newenterpriserec.com/
Is New Enterprise Rural Electric Cooperative Inc legitimate?
New Enterprise Rural Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. New Enterprise 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: $175,571
Professional Fundraising Fees: $0
Other Salaries and Wages: $928,994
For more financial information, click here
Official website here: www.newenterpriserec.com/
What is the mission statement of New Enterprise Rural Electric Cooperative Inc?
New Enterprise Rural Electric Cooperative Inc is dedicated to delivering reliable electric service to its members at the most affordable cost. As a cooperative electric organization, its mission is to provide members with dependable electricity at the lowest possible price point. The cooperative is committed to ensuring that its members have access to affordable energy solutions. By prioritizing affordability and reliability, New Enterprise Rural Electric Cooperative Inc seeks to meet the electrical needs of its members effectively.
Official website here: www.newenterpriserec.com/
Who is the CEO of New Enterprise Rural Electric Cooperative Inc?
Mark Morrison is the President of New Enterprise Rural Electric Cooperative Inc. The CEO's salary of New Enterprise Rural Electric Cooperative Inc is $124,304 and their total compensation is $145,481.
Official website here: www.newenterpriserec.com/
What is the revenue of New Enterprise Rural Electric Cooperative Inc?
New Enterprise Rural Electric Cooperative Inc's revenue in 2022 was $9,051,973.
Official website here: www.newenterpriserec.com/
Who are the executives of New Enterprise Rural Electric Cooperative Inc and what are their salaries?
The average compensation at New Enterprise Rural Electric Cooperative Inc during 2022 was $78,898. There are 14 employees at New Enterprise Rural Electric Cooperative Inc.
Here are 8 key members and their salaries (New Enterprise Rural Electric Cooperative Inc's CEO's salary is $124,304 and their total compensation is $145,481):
- Compensation: $4,080
- Related: $0
- Other: $0
- Compensation: $5,355
- Related: $0
- Other: $0
- Compensation: $5,355
- Related: $0
- Other: $0
- Compensation: $5,100
- Related: $0
- Other: $0
- Compensation: $2,295
- Related: $0
- Other: $0
- Compensation: $1,020
- Related: $0
- Other: $0
- Compensation: $6,885
- Related: $0
- Other: $0
- Compensation: $124,304
- Related: $0
- Other: $21,177
Official website here: www.newenterpriserec.com/
Where can I find the form 990 for New Enterprise Rural Electric Cooperative Inc?
New Enterprise Rural Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newenterpriserec.com/
Learn more at the official website: www.newenterpriserec.com/
Mission Statement of New Enterprise Rural Electric Cooperative Inc
New Enterprise Rural Electric Cooperative Inc, as a cooperative electric organization, is committed to providing its members with reliable electric service at the most affordable price possible. This mission is twofold: firstly, the cooperative aims to ensure a steady electric supply, and secondly, it strives to offer this service at the lowest feasible cost to its members. By doing so, New Enterprise Rural Electric Cooperative Inc is dedicated to making electricity an accessible and affordable resource for all its members, thereby contributing to their overall well-being and quality of life.
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Impact
October, 2024
New Enterprise Rural Electric Cooperative Inc significantly contributes to the community by delivering reliable and affordable electric service to its members. By focusing on providing electricity at the lowest possible cost, it ensures that residents and businesses in New Enterprise, PA, have access to essential power without financial strain. This cooperative model fosters a sense of community ownership and involvement, as members have a direct stake in the organization’s performance and decisions.
The cooperative's commitment to reliability means that members can depend on a stable energy source, which is crucial for daily living and local economic activities. Moreover, by prioritizing affordable electricity, New Enterprise Rural Electric Cooperative helps to improve the quality of life for its members, allowing them to allocate resources to other vital areas such as education, healthcare, and local development. Overall, the cooperative plays a pivotal role in enhancing the social and economic well-being of the community it serves.
This information is meant to be a general summary of New Enterprise 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $12,173
- Program Service Revenue: $8,483,398
- Gross Receipts: $9,051,973
Assets and Liabilities:
- Total Assets: $8,701,226
- Total Liabilities: $605,752
- Net Assets: $8,095,474
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROVIDE ELECTRICITY TO
Revenue
$8,483,398
Organization Details
Founding Year
1938
Phone
(814) 766-3221Principal Officer
Mark Morrison
Main Address
PO BOX 75, NEW ENTERPRISE, PA, 16664
Website
www.newenterpriserec.com/NTEE Category
Code: W80 - Public benefit
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