Overview
What is Lorain-Medina Rural Electric Cooperative Inc?
Lorain-Medina Rural Electric Cooperative Inc is a nonprofit organization based in Wellington, Ohio. Their primary mission is to provide electricity and related services to their member-owners. With a team of 46 employees, they aim to deliver highly reliable electric service, superior customer service, and innovative energy solutions at competitive prices. The cooperative values its commitment to its members and strives to meet their power needs effectively.
Official website here: www.lmre.org
Is Lorain-Medina Rural Electric Cooperative Inc legitimate?
Lorain-Medina Rural Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Lorain-Medina 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Lorain-Medina Rural Electric Cooperative Inc?
Lorain-Medina Rural Electric Cooperative Inc is dedicated to providing electricity and related services to its member-owners. The cooperative strives to deliver highly reliable electric service, superior customer service, and innovative energy solutions at competitive prices. It aims to meet the energy needs of its members, ensuring they have consistent access to power for their daily lives. Additionally, the cooperative explores and implements advanced energy solutions, enhancing the overall value it offers to its member-owners.
Official website here: www.lmre.org
Who is the CEO of Lorain-Medina Rural Electric Cooperative Inc?
Edward Vanhoose is the Chair of Lorain-Medina Rural Electric Cooperative Inc. The CEO's salary of Lorain-Medina Rural Electric Cooperative Inc is $207,119 and their total compensation is $225,032.
Official website here: www.lmre.org
What is the revenue of Lorain-Medina Rural Electric Cooperative Inc?
Lorain-Medina Rural Electric Cooperative Inc's revenue in 2022 was $48,347,059.
Official website here: www.lmre.org
Who are the executives of Lorain-Medina Rural Electric Cooperative Inc and what are their salaries?
Here are 17 key members and their salaries (Lorain-Medina Rural Electric Cooperative Inc's CEO's salary is $207,119 and their total compensation is $225,032):
- Edward Vanhoose (President/Ceo)
- Joel Miller (Line Foreman)
- Brad Warnement (Chief Operating Officer)
- Lucas Stone (Lineman)
- Nicholas Smith (Lineman)
- Michael Kelsey (Lineman)
- Rodney Eaton (Chair) [Trustee/Director]
- Gary Rowland (Vice Chair) [Trustee/Director]
- Judy Pickworth (Director)
- James Mcconnell (Director)
- Brenda Wolfe (Secretary) [Trustee/Director]
- Keith Lowe (Treasurer) [Trustee/Director]
- Joseph Swinko (Director)
- Richard Indoe (Director)
- Kenneth Diedrick (Director)
- Kathleen Norton Fox (Director)
- Richard Dumperth (Director)
Official website here: www.lmre.org
Where can I find the form 990 for Lorain-Medina Rural Electric Cooperative Inc?
The Lorain-Medina Rural Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.lmre.org
Learn more at the official website: www.lmre.org
Mission Statement of Lorain-Medina Rural Electric Cooperative Inc
Lorain-Medina Rural Electric Cooperative Inc is committed to delivering electricity and related services to its member-owners. The cooperative's mission goes beyond just supplying power; it strives to provide reliable electric service, superior customer service, and innovative energy solutions at competitive prices.
In practice, this means that Lorain-Medina Rural Electric Cooperative Inc is dedicated to ensuring that its members have access to a consistent power supply, minimizing power outages and restoring service promptly when disruptions occur. The cooperative also values excellent customer service, responding to inquiries and concerns in a timely and professional manner.
Moreover, Lorain-Medina Rural Electric Cooperative Inc is at the forefront of energy innovation, constantly exploring new ways to meet the evolving energy needs of its members. By offering competitive prices, the cooperative makes advanced energy solutions accessible to a wider audience, empowering members to make informed choices about their energy usage and ultimately reducing their carbon footprint.
Impact
This information is meant to be a general summary of Lorain-Medina Rural Electric Cooperative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Lorain-Medina Rural Electric Cooperative Inc impacts the community by providing essential electricity and related services to its members. By offering highly reliable electric service, superior customer service, and innovative energy solutions at competitive prices, the cooperative plays a vital role in ensuring the well-being and functioning of homes, businesses, and farms in the area. This impact extends beyond mere electricity provision to contributing to the overall quality of life and economic development in the region.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENTIAL SALES
Revenue
$35,169,133
COMMERCIAL SALES - LARGE
Revenue
$4,849,181
COMMERCIAL SALES - SMALL
Revenue
$4,392,075
PUBLIC REVENUES
Revenue
$1,313,540
OTHER ELECTRIC REVENUES
Revenue
$960,571
Organization Details
Founding Year
1936
Phone
(440) 647-2133
Principal Officer
Edward Vanhoose
Main Address
PO BOX 158, WELLINGTON, OH, 44090
Website
www.lmre.org
NTEE Category
Code: W80 - Public benefit
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