Warren Electric Cooperative Inc

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

EIN: 250865701 ✦ Youngsville, PA ✦ Designated as a 501(c)(12)

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Overview

What is Warren Electric Cooperative Inc?

Warren Electric Cooperative Inc, situated in Youngsville, Pennsylvania, is a cooperative electric organization that prioritizes affordability and reliability in supplying electricity to its members. Serving as a community-oriented entity, its mission is to deliver cost-effective energy services, ensuring a steady power supply for its member base. The cooperative's offerings extend beyond just electricity, catering to various energy requirements of its members.


Official website here: www.warrenec.coop

Is Warren Electric Cooperative Inc legitimate?

Warren Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Warren 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: $439,651
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.warrenec.coop

What is the mission statement of Warren Electric Cooperative Inc?

Warren Electric Cooperative, as a cooperative electric organization, is committed to delivering affordable and reliable energy services to its members. Its mission is centered around providing cost-effective energy solutions. The cooperative offers various programs, primarily focusing on providing electricity and addressing other energy requirements for its members.


Official website here: www.warrenec.coop

Who is the CEO of Warren Electric Cooperative Inc?

Matthew Franklin is the Chairman of Warren Electric Cooperative Inc. The CEO's salary of Warren Electric Cooperative Inc is $177,758 and their total compensation is $230,881.


Official website here: www.warrenec.coop

What is the revenue of Warren Electric Cooperative Inc?

Warren Electric Cooperative Inc's revenue in 2022 was $11,324,341.


Official website here: www.warrenec.coop

Who are the executives of Warren Electric Cooperative Inc and what are their salaries?

The average compensation at Warren Electric Cooperative Inc during 2022 was $16,283. There are 27 employees at Warren Electric Cooperative Inc.


Here are 11 key members and their salaries (Warren Electric Cooperative Inc's CEO's salary is $177,758 and their total compensation is $230,881):


James Marshall (Chairman)
  • Compensation: $4,500
  • Related: $0
  • Other: $0
Edgar Burris (Vice Chairman)
  • Compensation: $5,050
  • Related: $0
  • Other: $0
Richard Harrington (Director)
  • Compensation: $3,610
  • Related: $0
  • Other: $0
Jeffrey Sedon (Treasurer)
  • Compensation: $3,370
  • Related: $0
  • Other: $0
Dennis Johnson (Director)
  • Compensation: $4,900
  • Related: $0
  • Other: $0
John Hagberg (Director)
  • Compensation: $3,620
  • Related: $0
  • Other: $0
Lee Sitterley (Director)
  • Compensation: $3,100
  • Related: $0
  • Other: $0
Vicki Stec (Secretary)
  • Compensation: $4,285
  • Related: $0
  • Other: $0
Ken Larson (Director)
  • Compensation: $4,100
  • Related: $0
  • Other: $0
Todd M Mcclain (Administration Manager)
  • Compensation: $119,911
  • Related: $0
  • Other: $52,323
Matthew Franklin (General Manager & Ceo)
  • Compensation: $177,758
  • Related: $0
  • Other: $53,123


Official website here: www.warrenec.coop

Where can I find the form 990 for Warren Electric Cooperative Inc?

Warren Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.warrenec.coop

Learn more at the official website: www.warrenec.coop

Mission Statement of Warren Electric Cooperative Inc

Warren Electric Cooperative, a cooperative electric organization, is dedicated to providing its members with affordable electricity and reliable energy services. Its mission is to ensure that the energy needs of its members are met in a cost-effective manner. The cooperative offers various programs to achieve this goal, including providing electricity and other energy-related services. In essence, Warren Electric Cooperative is committed to delivering affordable and reliable energy solutions to its members, fulfilling its role as a cooperative electric organization.

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Impact




October, 2024

Warren Electric Cooperative Inc significantly enhances the quality of life for its members in Youngsville, PA, by providing reliable and affordable electricity. The cooperative's commitment to delivering cost-effective energy services ensures that community members have access to essential power for their homes and businesses. This accessibility not only fosters economic growth but also supports the daily needs of residents, enabling them to thrive in a sustainable environment.

By operating as a cooperative organization, Warren Electric fosters a sense of community among its members, promoting shared values and collective ownership. This model allows the cooperative to tailor its services to meet the specific needs of the local population. Beyond just electricity provision, Warren Electric also engages in programs that address other energy needs, contributing to the overall well-being of the community.

Through its efforts, Warren Electric Cooperative plays a vital role in promoting public benefit, ensuring that reliable energy remains a foundational element of economic and social stability in the region.




This information is meant to be a general summary of Warren 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.

Revenue
$11,324,341 (2022)
Expenses
$10,634,695 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $47,723
  • Program Service Revenue: $10,090,684
  • Gross Receipts: $11,324,341

Assets and Liabilities:

  • Total Assets: $27,194,633
  • Total Liabilities: $2,740,491
  • Net Assets: $24,454,142

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Programs

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

PROVIDE ELECTRICITY TO ITS MEMBER

Revenue

$10,090,684

Organization Details

Founding Year

1939

Principal Officer

Matthew Franklin

Main Address

320 EAST MAIN STREET, YOUNGSVILLE, PA, 16371

NTEE Category

Code: W80 - Public benefit

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