Overview
What is Guernsey-Muskingum Electric Coop?
Guernsey-Muskingum Electric Coop is a nonprofit electric utility company based in New Concord, Ohio. With 17,066 accounts served at the end of 2022, they have provided quality energy and additional services to their community. The cooperative installed 166 new services in their service territory during that year and returned over $1.27 million to their members. Operating on a non-profit basis, they account for all revenue from electric and other services as patronage capital, understanding it is contributed by the members as capital. Their mission is to provide affordable electric energy and services, maintaining sound economy and good management. They employ a staff of 47 individuals.
Official website here: www.gmenergy.com
What do the Facebook reviews say about Guernsey-Muskingum Electric Coop?
84% of 14 reviewers on Facebook recommend Guernsey-Muskingum Electric Coop. Here's an overview of the sentiments expressed in their reviews:
While there is a notable endorsement from some users, a significant concern arises from comments regarding the high cost of electricity bills. One reviewer expressed frustration, mentioning heavy charges resulting in difficulties maintaining comfort in their home. This suggests that while the coop may provide essential services, there are challenges regarding affordability that cannot be overlooked.
Overall, the sentiment is mixed. While some find value in the service, others are discouraged by the pricing structure, indicating room for improvement in addressing financial concerns among members.
This AI summary has been generated from reviews found on Facebook.
Is Guernsey-Muskingum Electric Coop legitimate?
Guernsey-Muskingum Electric Coop is a legitimate nonprofit organization registered as a 501(c)(12) entity. Guernsey-Muskingum Electric Coop 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: $716,377
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,018,667
For more financial information, click here
Official website here: www.gmenergy.com
What is the mission statement of Guernsey-Muskingum Electric Coop?
The Guernsey-Muskingum Electric Coop operates on a non-profit basis, providing electric energy and other services to its members. Its mission is to deliver quality services at the lowest possible cost, prioritizing sound economy and good management. In 2022, the cooperative served over 17,000 accounts and installed 166 new services, while returning over $1,276,000 in patronage capital to its members. By focusing on quality and affordability, the cooperative aims to meet the energy needs of its community effectively.
Official website here: www.gmenergy.com
Who is the CEO of Guernsey-Muskingum Electric Coop?
Brian Hill is the General Manager/Ceo of Guernsey-Muskingum Electric Coop. The CEO's salary of Guernsey-Muskingum Electric Coop is $176,817 and their total compensation is $236,614.
Official website here: www.gmenergy.com
What is the revenue of Guernsey-Muskingum Electric Coop?
Guernsey-Muskingum Electric Coop's revenue in 2022 was $40,642,443.
Official website here: www.gmenergy.com
Who are the executives of Guernsey-Muskingum Electric Coop and what are their salaries?
The average compensation at Guernsey-Muskingum Electric Coop during 2022 was $58,192. There are 47 employees at Guernsey-Muskingum Electric Coop.
Here are 10 key members and their salaries (Guernsey-Muskingum Electric Coop's CEO's salary is $176,817 and their total compensation is $236,614):
- Compensation: $176,817
- Related: $0
- Other: $59,797
- Compensation: $165,317
- Related: $0
- Other: $51,929
- Compensation: $130,039
- Related: $0
- Other: $50,843
- Compensation: $12,780
- Related: $0
- Other: $0
- Compensation: $12,345
- Related: $0
- Other: $0
- Compensation: $12,200
- Related: $0
- Other: $0
- Compensation: $11,190
- Related: $0
- Other: $0
- Compensation: $11,185
- Related: $0
- Other: $0
- Compensation: $11,185
- Related: $0
- Other: $0
- Compensation: $10,750
- Related: $0
- Other: $0
Official website here: www.gmenergy.com
Where can I find the form 990 for Guernsey-Muskingum Electric Coop?
Guernsey-Muskingum Electric Coop's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gmenergy.com
Learn more at the official website: www.gmenergy.com
Mission Statement of Guernsey-Muskingum Electric Coop
Guernsey-Muskingum Electric Coop, a non-profit organization, is dedicated to providing quality electric energy and other services to its members at the lowest possible cost. The Cooperative operates on a patronage basis, meaning that it accounts for all amounts received from members for services rendered above costs and expenses as capital.
In pursuit of its mission, Guernsey-Muskingum Electric Coop served a total of 17,066 accounts in 2022, installing 166 new services throughout its service territory. The organization's commitment to sound economy and good management allowed it to return over $1,276,000 to its members in the same year through the retirement of patronage capital. This approach not only benefits the members but also ensures the Cooperative's long-term sustainability.
The Cooperative's team of professionals works tirelessly to maintain the electrical infrastructure and deliver reliable services to its members. By keeping costs low and focusing on efficient operations, Guernsey-Muskingum Electric Coop sets itself apart as a trusted provider of essential energy services in the community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Guernsey-Muskingum Electric Coop significantly impacts its community by providing reliable electric energy and essential services to over 17,000 accounts. In 2022 alone, the Cooperative installed 166 new services, demonstrating its commitment to expanding access and meeting the needs of its members. The Cooperative's operational model focuses on returning value to its members, as evidenced by the return of over $1.27 million in patronage capital in the same year. This financial structure allows members to benefit directly from the services provided, reinforcing the Cooperative's mission to deliver quality energy solutions at the lowest cost while practicing sound management. Through these efforts, Guernsey-Muskingum Electric Coop plays a vital role in enhancing the quality of life for its members in New Concord, Ohio, and the surrounding areas.
This information is meant to be a general summary of Guernsey-Muskingum Electric Coop. 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: $52,173
- Program Service Revenue: $38,732,411
- Gross Receipts: $40,642,443
Assets and Liabilities:
- Total Assets: $96,496,641
- Total Liabilities: $45,460,881
- Net Assets: $51,035,760
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Energy Sale to Members
Revenue
$37,962,152
Pole Connects
Revenue
$454,524
Other
Revenue
$315,735
Organization Details
Founding Year
1938
Phone
(740) 826-7661Principal Officer
Brian Hill
Main Address
17 S Liberty Street, New Concord, OH, 43762
Website
www.gmenergy.comNTEE Category
Code: W80 - Public benefit
If you are a representative of Guernsey-Muskingum Electric Coop and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.