Bright Energy Inc

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

EIN: 341851659 ✦ Mt gilead, OH ✦ Designated as a 501(c)(12)

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Overview

What is Bright Energy Inc?

Bright Energy Inc, situated in Mount Gilead, Ohio, serves as a retail natural gas distributor catering to limited areas in north central Ohio. With a primary focus on providing natural gas distribution services, the company serves approximately 904 consumer accounts in the region. The organization's mission is to ensure reliable and efficient energy supply to its customers in this specific area.

Is Bright Energy Inc legitimate?

Bright Energy Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Bright Energy 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: $0

For more financial information, click here

What is the mission statement of Bright Energy Inc?

Bright Energy Inc's mission is centered around providing retail natural gas distribution services. Specifically, they serve a limited number of areas in North Central Ohio, catering to approximately 904 consumer accounts. Their primary objective is to ensure reliable and efficient natural gas supply within their operational scope.

Who is the CEO of Bright Energy Inc?

Michael Struck is the Chairman of Bright Energy Inc.

What is the revenue of Bright Energy Inc?

Bright Energy Inc's revenue in 2022 was $2,903,535.

Who are the executives of Bright Energy Inc and what are their salaries?


Here are 5 key members and their salaries:


Michael Struck (Chairman)
  • Compensation: $0
  • Related: $10,666
  • Other: $0
Mary Fuller (Secretary)
  • Compensation: $0
  • Related: $14,041
  • Other: $0
Timothy G Bachelder (Trustee)
  • Compensation: $0
  • Related: $13,891
  • Other: $0
Don Breece (Trustee)
  • Compensation: $0
  • Related: $13,716
  • Other: $0
Kent Kramer (Trustee)
  • Compensation: $0
  • Related: $8,866
  • Other: $0
Where can I find the form 990 for Bright Energy Inc?

Bright Energy Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Bright Energy Inc

Bright Energy Inc, as stated in its mission, is dedicated to providing retail natural gas distribution services to limited areas in North Central Ohio. This mission is carried out with the aim of serving 904 consumer accounts in the region. The organization's role in the natural gas sector is crucial, ensuring a reliable supply of this essential resource to homes and businesses within its specified service area. By focusing on retail natural gas distribution, Bright Energy Inc contributes to the energy needs of its clientele, playing a vital role in the daily lives of North Central Ohio residents.

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Impact




October, 2024

Bright Energy Inc significantly impacts the communities it serves by providing essential retail natural gas distribution services to limited areas in North Central Ohio. With a focus on customer service and reliability, the organization serves 904 consumer accounts, ensuring that residents and businesses in the region have access to a crucial energy source. This service supports local economic activity, enhances the quality of life for residents, and promotes energy accessibility, contributing to the overall well-being of the community in Mount Gilead and surrounding areas. By prioritizing mutual benefit, Bright Energy Inc fosters a sense of connection and support within the communities, ultimately driving regional development and sustainability.




This information is meant to be a general summary of Bright Energy 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
$2,903,535 (2022)
Expenses
$2,683,838 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $22,705
  • Program Service Revenue: $2,880,830
  • Gross Receipts: $2,903,535

Assets and Liabilities:

  • Total Assets: $5,038,966
  • Total Liabilities: $3,689,215
  • Net Assets: $1,349,751

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Programs

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

SALES OF NATURAL GAS

Revenue

$2,880,830

Organization Details

Founding Year

1997

Principal Officer

Michael Struck

Main Address

5255 STATE ROUTE 95 PO BOX 111, MT GILEAD, OH, 433380111

NTEE Category

Code: Y22 - Mutual benefit

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