Overview
What is Somerset Rural Electric Coop Inc?
Somerset Rural Electric Coop Inc is a cooperative based in Somerset, Pennsylvania. It serves as an essential utility provider, delivering electric services to around 13,000 members in the area. The cooperative is dedicated to offering various programs and services to cater to the needs of its community.
Official website here: www.somersetrec.com
What are the reviews and ratings of this charity?
Somerset Rural Electric Coop Inc is not currently rated by Charity Navigator. This is due to its status as a non-501(c)(3) organization, which falls outside the typical evaluation scope of Charity Navigator. The absence of a rating is neither indicative of positive nor negative performance and simply reflects the organization's structural classification.
The nonprofit's lack of rating is based on limitations in assessing its Impact & Measurement or Culture & Community, as these evaluations are exclusive to registered 501(c)(3) organizations. Historical data was used to reflect Accountability and Finance, but specific data regarding revenue, expenses, or executive compensation is unavailable.
There are no user reviews available from GreatNonprofits for Somerset Rural Electric Coop Inc. The lack of user feedback or Charity Navigator data suggests limited public visibility or engagement metrics commonly used in nonprofit evaluations, leaving potential stakeholders with little external input for a comprehensive assessment.
This AI summary has been generated from information found on Charity Navigator.
Is Somerset Rural Electric Coop Inc legitimate?
Somerset Rural Electric Coop Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Somerset Rural Electric Coop 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $342,588
For more financial information, click here
Official website here: www.somersetrec.com
What is the mission statement of Somerset Rural Electric Coop Inc?
Somerset Rural Electric Coop is a cooperative dedicated to delivering electric service to its members. The organization's primary mission is to provide electricity to approximately 13,000 individuals and households. In pursuit of this goal, Somerset Rural Electric Coop offers various programs and services that cater to the needs of its membership base. The cooperative is committed to ensuring reliable and consistent power delivery, enhancing the overall quality of life for its members. By focusing on community-based solutions, Somerset Rural Electric Coop strengthens its bonds with its members and fosters a sense of shared responsibility. Through its operations, the cooperative aims to create a sustainable and resilient electric infrastructure, which is essential for the well-being of the communities they serve.
Official website here: www.somersetrec.com
What is the revenue of Somerset Rural Electric Coop Inc?
Somerset Rural Electric Coop Inc's revenue in 2023 was $27,920,953.
Official website here: www.somersetrec.com
Who are the executives of Somerset Rural Electric Coop Inc and what are their salaries?
The average compensation at Somerset Rural Electric Coop Inc during 2023 was $6,992. There are 49 employees at Somerset Rural Electric Coop Inc.
Here are 16 key members and their salaries:
- Compensation: $246,459
- Related: $0
- Other: $96,129
- Compensation: $114,119
- Related: $0
- Other: $53,980
- Compensation: $113,791
- Related: $0
- Other: $47,617
- Compensation: $112,893
- Related: $0
- Other: $47,616
- Compensation: $114,621
- Related: $0
- Other: $45,432
- Compensation: $107,929
- Related: $0
- Other: $44,618
- Compensation: $6,400
- Related: $0
- Other: $0
- Compensation: $6,000
- Related: $0
- Other: $0
- Compensation: $5,400
- Related: $0
- Other: $0
- Compensation: $5,400
- Related: $0
- Other: $0
- Compensation: $4,600
- Related: $0
- Other: $0
- Compensation: $4,200
- Related: $0
- Other: $0
- Compensation: $3,400
- Related: $0
- Other: $0
- Compensation: $3,200
- Related: $0
- Other: $0
- Compensation: $2,800
- Related: $0
- Other: $0
- Compensation: $1,400
- Related: $0
- Other: $0
Official website here: www.somersetrec.com
Where can I find the form 990 for Somerset Rural Electric Coop Inc?
Somerset Rural Electric Coop Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.somersetrec.com
Learn more at the official website: www.somersetrec.com
Mission Statement of Somerset Rural Electric Coop Inc
Somerset Rural Electric Coop Inc, a cooperative based in Pennsylvania, is dedicated to delivering electric services to its 13,000 members. This nonprofit organization's primary mission revolves around providing essential electricity to its community, ensuring that they have access to this vital resource. Beyond just electric service, Somerset Rural Electric Coop also offers an array of programs and initiatives tailored to the needs of its members.
In operation, Somerset Rural Electric Coop functions as a collaborative entity, working closely with its community to ensure their electric requirements are met. The cooperative's team of professionals is committed to maintaining a high standard of electric delivery, consistently working on infrastructure improvements and maintenance projects to ensure a reliable and efficient power supply.
By providing electric services, Somerset Rural Electric Coop plays a significant role in enhancing the daily lives of its members. The organization's commitment to its mission extends beyond the mere provision of electricity, as it strives to create a sustainable and thriving community. Through its various programs and services, Somerset Rural Electric Coop contributes to the overall well-being and quality of life of its members, fostering an environment of progress and prosperity.
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Impact
October, 2024
Somerset Rural Electric Coop Inc significantly impacts the community by delivering reliable electric service to around 13,000 members in Somerset, PA. Through its cooperative model, it not only ensures access to essential energy but also fosters a sense of community among its members. The Coop provides various programs and services tailored to the needs of its members, enhancing their quality of life and promoting energy efficiency. By prioritizing public benefit, Somerset Rural Electric Coop plays a crucial role in supporting economic stability and growth in the region, while also contributing to the overall well-being of its community.
This information is meant to be a general summary of Somerset Rural Electric Coop 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 2023.
- Investment Income: $37,873
- Program Service Revenue: $27,883,080
- Gross Receipts: $27,920,953
Assets and Liabilities:
- Total Assets: $48,366,945
- Total Liabilities: $10,381,262
- Net Assets: $37,985,683
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC ENERGY SALES
Revenue
$24,846,153
MISC RENTAL
Revenue
$1,531,150
OTHER INCOME
Revenue
$883,043
GEOTHERMAL AND HVAC
Revenue
$622,734
Organization Details
Principal Officer
Clarence B Waltermire
Website
www.somersetrec.comNTEE Category
Code: W80 - Public benefit
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