Darke Rural Electric Cooperative Inc

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

EIN: 344215670 ✦ Greenville, OH ✦ Designated as a 501(c)(12)

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Overview

What is Darke Rural Electric Cooperative Inc?

Darke Rural Electric Cooperative Inc is a nonprofit organization based in Greenville, Ohio. Their primary mission is to ensure the provision of safe, affordable, and reliable electric services to the rural communities of Darke, Preble, and Mercer Counties in Ohio. With a commitment to serving over 4,370 members, the cooperative employs a team of 21 individuals. They focus on delivering essential electric utilities to enhance the quality of life in these areas.


Official website here: www.darkerec.com

Is Darke Rural Electric Cooperative Inc legitimate?

Darke Rural Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Darke 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: $923,332
Professional Fundraising Fees: $0
Other Salaries and Wages: $882,432

For more financial information, click here


Official website here: www.darkerec.com

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

The Darke Rural Electric Cooperative Inc is dedicated to delivering safe, affordable, and reliable electric service to the rural communities in Ohio. Specifically, they cater to over 4,370 members in Darke, Preble, and Mercer Counties. Their primary mission is to ensure that residents in these areas have consistent access to electricity, enhancing their quality of life and supporting local development. The cooperative prioritizes the safety of its services to protect the communities it serves. Additionally, it strives to offer affordable rates, recognizing the importance of keeping energy costs manageable for its members.


Official website here: www.darkerec.com

Who is the CEO of Darke Rural Electric Cooperative Inc?

Ted Holsapple is the Lineman of Darke Rural Electric Cooperative Inc. The CEO's salary of Darke Rural Electric Cooperative Inc is $161,536 and their total compensation is $196,347.


Official website here: www.darkerec.com

What is the revenue of Darke Rural Electric Cooperative Inc?

Darke Rural Electric Cooperative Inc's revenue in 2022 was $18,112,710.


Official website here: www.darkerec.com

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

The average compensation at Darke Rural Electric Cooperative Inc during 2022 was $85,989. There are 21 employees at Darke Rural Electric Cooperative Inc.


Here are 15 key members and their salaries (Darke Rural Electric Cooperative Inc's CEO's salary is $161,536 and their total compensation is $196,347):


Tim Wombold (Lineman)
  • Compensation: $110,801
  • Related: $0
  • Other: $149,265
John Blinn (Line Foreman)
  • Compensation: $132,869
  • Related: $0
  • Other: $88,261
Ted Holsapple (Ceo)
  • Compensation: $161,536
  • Related: $0
  • Other: $34,811
Niles Swank (Director Of Operations)
  • Compensation: $124,666
  • Related: $0
  • Other: $61,240
Brad Flora (Cfo)
  • Compensation: $122,184
  • Related: $0
  • Other: $43,174
Michael Fenstermaker (Lineman)
  • Compensation: $110,458
  • Related: $0
  • Other: $49,064
Tyler Goettemoeller (Lineman)
  • Compensation: $113,878
  • Related: $0
  • Other: $30,900
Tod Carroll (Vice President Board Of Trustees)
  • Compensation: $9,125
  • Related: $0
  • Other: $0
David Coons (Trustee)
  • Compensation: $8,375
  • Related: $0
  • Other: $0
Michelle Marker (Secretary & Treasurer Board Of Trustees)
  • Compensation: $7,720
  • Related: $0
  • Other: $0
Matt Webster (President Board Of Trustees)
  • Compensation: $6,795
  • Related: $0
  • Other: $0
Stephen Vanzant (Trustee)
  • Compensation: $5,100
  • Related: $0
  • Other: $0
Robert Godown (Trustee)
  • Compensation: $4,425
  • Related: $0
  • Other: $0
Aaron Siefring (Trustee)
  • Compensation: $4,200
  • Related: $0
  • Other: $0
Eric Laux (Trustee)
  • Compensation: $1,200
  • Related: $0
  • Other: $0


Official website here: www.darkerec.com

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

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


Official website here: www.darkerec.com

Learn more at the official website: www.darkerec.com

Mission Statement of Darke Rural Electric Cooperative Inc

Darke Rural Electric Cooperative Inc, a not-for-profit organization based in Ohio, is dedicated to providing electric service to over 4,370 members residing in the rural areas of Darke, Preble, and Mercer Counties. The cooperative's primary objective is to ensure the provision of safe, affordable, and reliable electric power to these communities.

In the sprawling landscapes of Darke and Preble Counties in Ohio, Darke Rural Electric Cooperative Inc plays a vital role in bringing electricity to the rural population. The cooperative's mission is to deliver electricity in a manner that is accessible and affordable for all its members, irrespective of their geographical location. By prioritizing safety, affordability, and reliability, the cooperative aims to make a tangible difference in the daily lives of the people it serves.

The team at Darke Rural Electric Cooperative Inc is committed to ensuring a consistent power supply, enabling residents to carry out their activities efficiently and comfortably. By providing a dependable source of electricity, the cooperative empowers families to improve their standard of living, pursue opportunities, and contribute positively to their communities. Additionally, the organization's unwavering dedication to safety ensures that its members can rely on their power supply without fear of harm.

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Impact




October, 2024

Darke Rural Electric Cooperative Inc plays a crucial role in enhancing the quality of life in rural areas of Darke, Preble, and Mercer counties in Ohio by providing safe, affordable, and reliable electric service to over 4,370 members. By ensuring access to dependable electricity, the cooperative supports local communities, fosters economic development, and promotes sustainability.

The cooperative's commitment to serving rural areas helps bridge the gap in energy access, enabling residents and businesses to thrive. It enhances agricultural productivity, facilitates modern conveniences, and supports local enterprises by delivering reliable power. Darke Rural Electric Cooperative Inc not only meets the immediate energy needs of its members but also contributes to the overall economic resilience of the region, ensuring that rural communities remain vibrant and competitive.




This information is meant to be a general summary of Darke 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
$18,112,710 (2022)
Expenses
$18,112,710 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $17,276
  • Program Service Revenue: $17,505,966
  • Gross Receipts: $18,112,710

Assets and Liabilities:

  • Total Assets: $42,662,050
  • Total Liabilities: $24,051,740
  • Net Assets: $18,610,310

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Programs

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

SALE OF ELECTRICITY

Revenue

$17,505,966

Organization Details

Founding Year

1936

Principal Officer

Ted Holsapple

Main Address

PO BOX 278, GREENVILLE, OH, 45331

NTEE Category

Code: W80 - Public benefit

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