Butler Rural Electric Cooperative Inc

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

EIN: 310231070 ✦ Oxford, OH ✦ Designated as a 501(c)(12)

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Overview

What is Butler Rural Electric Cooperative Inc?

Butler Rural Electric Cooperative Inc is a dynamic and progressive electric cooperative based in Oxford, Ohio, serving approximately 11,655 members across Butler, Hamilton, Montgomery, and Preble counties. As an integral part of the community, they provide essential electric services, acting in accordance with cooperative principles to enhance the quality of life for all residents. Their mission extends beyond energy distribution, aiming to participate in local communities and provide leadership and support. With a team of 49 employees, Butler Rural Electric Cooperative Inc is dedicated to delivering reliable energy and value-added services to its members.


Official website here: www.butlerrural.coop

What are the reviews and ratings of this charity?

Butler Rural Electric Cooperative Inc is not currently rated by Charity Navigator because it is not a 501(c)(3) IRS registered nonprofit. Charity Navigator evaluates only organizations with this status, using specific methodologies focused on Accountability & Finance, Impact & Measurement, and other factors that cannot apply to Butler Rural due to its independent nature and foundational status outside of the 501(c)(3) classification.

The lack of rating from Charity Navigator doesn't imply any positive or negative judgment about Butler Rural Electric Cooperative Inc., but rather highlights the limitations of the evaluation system when applied to organizations not fitting into the typical nonprofit framework. This also means that specific data such as revenue, expenses, and key personnel salaries are not disclosed by Charity Navigator for this organization.

No user reviews are available on GreatNonprofits to further inform potential supporters or beneficiaries of the Cooperative's effectiveness or community impact. Consequently, individuals interested in Butler Rural Electric Cooperative Inc may consider reaching out directly for detailed information or monitoring future updates as nonprofit evaluation criteria and systems may evolve to encompass a wider array of organizational structures.


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

Is Butler Rural Electric Cooperative Inc legitimate?

Butler Rural Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Butler 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: $1,081,207
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,044,227

For more financial information, click here


Official website here: www.butlerrural.coop

What is the mission statement of Butler Rural Electric Cooperative Inc?

Butler Rural Electric Cooperative Inc is dedicated to being a progressive organization that adheres to cooperative principles. Its primary goal is to provide energy and additional value-added services to its members. The cooperative strives to improve the quality of life for all citizens in the communities it serves by offering leadership and support. With over 11,000 members, it delivers electric services to residents in various counties. This integral part of the community is committed to enhancing the lifestyle of its members through its cooperative efforts.


Official website here: www.butlerrural.coop

Who is the CEO of Butler Rural Electric Cooperative Inc?

Thomas C Wolfenbarger is the General Manager of Butler Rural Electric Cooperative Inc.


Official website here: www.butlerrural.coop

What is the revenue of Butler Rural Electric Cooperative Inc?

Butler Rural Electric Cooperative Inc's revenue in 2022 was $37,254,459.


Official website here: www.butlerrural.coop

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

The average compensation at Butler Rural Electric Cooperative Inc during 2022 was $84,193. There are 49 employees at Butler Rural Electric Cooperative Inc.


Here are 16 key members and their salaries:


Thomas C Wolfenbarger (General Manager)
  • Compensation: $227,322
  • Related: $0
  • Other: $99,186
Michael Murray (Dir Of Operations)
  • Compensation: $149,799
  • Related: $0
  • Other: $69,085
Judith Persinger (Dir Of Accfinance)
  • Compensation: $146,231
  • Related: $0
  • Other: $61,967
Julie Abbott (Dir Of Human Admin)
  • Compensation: $144,934
  • Related: $0
  • Other: $61,672
Lisa Staggs Herrmann (Dir Of Member)
  • Compensation: $144,433
  • Related: $0
  • Other: $44,895
Charles Young (Mgr. Engineergin)
  • Compensation: $132,926
  • Related: $0
  • Other: $38,817
David Evans (President)
  • Compensation: $20,003
  • Related: $0
  • Other: $0
James Meador (Sec/Treasurer)
  • Compensation: $17,036
  • Related: $0
  • Other: $0
Robert Hoelle (Vice President)
  • Compensation: $16,381
  • Related: $0
  • Other: $0
Michael Tilton (Trustee)
  • Compensation: $15,545
  • Related: $0
  • Other: $0
Robert Spaeth (Trustee)
  • Compensation: $14,358
  • Related: $0
  • Other: $0
Ronald Kolb (Trustee)
  • Compensation: $13,565
  • Related: $0
  • Other: $0
Jay Hasbrook (Trustee)
  • Compensation: $12,402
  • Related: $0
  • Other: $0
Thomas L Mcquiston (Trustee)
  • Compensation: $11,883
  • Related: $0
  • Other: $0
James O'Brien (Trustee)
  • Compensation: $7,706
  • Related: $0
  • Other: $0
William Foster (Trustee)
  • Compensation: $6,683
  • Related: $0
  • Other: $0


Official website here: www.butlerrural.coop

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

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


Official website here: www.butlerrural.coop

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

Mission Statement of Butler Rural Electric Cooperative Inc

Butler Rural Electric Cooperative Inc, a dynamic and progressive organization, is dedicated to providing electric services and value-added solutions to its members, guided by cooperative principles. With a mission to improve the quality of life for all its citizens, the cooperative goes beyond electricity, participating in its communities and offering leadership and support.

Butler Rural Electric Cooperative Inc proudly serves over 11,655 members across various counties. Its primary function is to distribute electricity, ensuring a reliable power source for households and businesses in the area. The cooperative's commitment to its members goes beyond electricity, as it strives to be an integral part of the community. By providing essential electric services, it plays a vital role in enhancing the overall standard of living of its citizens.

The cooperative's dedication to its mission is reflected in its active involvement in the community. It is a leader and supporter, working towards the betterment of its citizens. The organization's monthly publication, Ohio Cooperative Living, showcases its commitment to communication and engagement with its members. By fostering a strong relationship with its community, Butler Rural Electric Cooperative Inc not only strengthens its position as a reliable electricity provider but also empowers its members to thrive and grow.

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Impact




October, 2024

Butler Rural Electric Cooperative Inc plays a crucial role in the communities it serves across Butler, Hamilton, Preble, and Montgomery counties in Ohio. By providing reliable electric services to 11,655 members, the cooperative ensures that families and businesses have access to essential energy resources.

Beyond just utilities, the cooperative enriches the local community through its commitment to cooperative principles and value-added services aimed at enhancing the quality of life for all residents. It actively participates in community development, offering leadership and support that foster improvement in local living standards. Through initiatives like its monthly publication, Ohio Cooperative Living, the cooperative disseminates important information and resources, strengthening community ties and engagement.

By prioritizing the needs of its members and being an active participant in community life, Butler Rural Electric Cooperative Inc significantly contributes to the overall well-being and prosperity of the regions it serves. Its mission reflects a dedication to dynamism and progressive values, making it an integral part of the social and economic fabric of the area.




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

Revenue
$37,254,459 (2022)
Expenses
$37,254,459 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $80,680
  • Program Service Revenue: $36,419,165
  • Gross Receipts: $37,462,282

Assets and Liabilities:

  • Total Assets: $94,737,725
  • Total Liabilities: $52,876,643
  • Net Assets: $41,861,082

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Programs

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

Sale of electric energy

Revenue

$36,307,243

Program Service Revenue

Revenue

$111,922

Organization Details

Founding Year

1936

Principal Officer

Thomas C Wolfenbarger

Main Address

3888 Stillwell Beckett Road, Oxford, OH, 45056

NTEE Category

Code: W80 - Public benefit

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