Overview
What is Hendricks County Rural Electric Membership Corporation?
Hendricks County Rural Electric Membership Corporation, also known as Hendricks Power Cooperative, is a nonprofit organization dedicated to providing electric energy to approximately 37,000 member-owners in a dependable and competitive manner, while maintaining an eco-friendly approach. Their mission is to distribute high-quality and reliable electric energy to their cooperative members in Hendricks County.
Official website here: www.hendrickspower.com
Is Hendricks County Rural Electric Membership Corporation legitimate?
Hendricks County Rural Electric Membership Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Hendricks County Rural Electric Membership Corporation 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: $1,885,322
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,924,851
For more financial information, click here
Official website here: www.hendrickspower.com
What is the mission statement of Hendricks County Rural Electric Membership Corporation?
Hendricks Power Cooperative is committed to providing its member owners with high-quality, reliable, and competitively priced electric energy. The cooperative prioritizes environmental responsibility in its operations. Its mission is to distribute electricity in a cooperative manner, ensuring the communities it serves have access to essential power. The cooperative takes pride in delivering electricity in a manner that adds value to its members. Additionally, Hendricks Power Cooperative strives to maintain a strong and responsible business approach. By focusing on the needs of its members, the cooperative continues to serve as a trusted energy provider.
Official website here: www.hendrickspower.com
Who is the CEO of Hendricks County Rural Electric Membership Corporation?
Gregory A Ternet is the Director of Hendricks County Rural Electric Membership Corporation. The CEO's salary of Hendricks County Rural Electric Membership Corporation is $387,090 and their total compensation is $604,816.
Official website here: www.hendrickspower.com
What is the revenue of Hendricks County Rural Electric Membership Corporation?
Hendricks County Rural Electric Membership Corporation's revenue in 2022 was $102,543,098.
Official website here: www.hendrickspower.com
Who are the executives of Hendricks County Rural Electric Membership Corporation and what are their salaries?
The average compensation at Hendricks County Rural Electric Membership Corporation during 2022 was $69,169. There are 84 employees at Hendricks County Rural Electric Membership Corporation.
Here are 17 key members and their salaries (Hendricks County Rural Electric Membership Corporation's CEO's salary is $387,090 and their total compensation is $604,816):
- Compensation: $21,599
- Related: $0
- Other: $0
- Compensation: $19,517
- Related: $0
- Other: $0
- Compensation: $22,193
- Related: $0
- Other: $0
- Compensation: $22,654
- Related: $0
- Other: $0
- Compensation: $20,531
- Related: $0
- Other: $0
- Compensation: $16,975
- Related: $0
- Other: $0
- Compensation: $14,229
- Related: $0
- Other: $0
- Compensation: $8,961
- Related: $0
- Other: $0
- Compensation: $14,467
- Related: $0
- Other: $0
- Compensation: $16,144
- Related: $0
- Other: $0
- Compensation: $6,054
- Related: $0
- Other: $0
- Compensation: $387,090
- Related: $0
- Other: $217,726
- Compensation: $167,080
- Related: $0
- Other: $86,031
- Compensation: $164,209
- Related: $0
- Other: $72,301
- Compensation: $166,184
- Related: $0
- Other: $40,020
- Compensation: $168,375
- Related: $0
- Other: $46,533
- Compensation: $163,449
- Related: $0
- Other: $42,499
Official website here: www.hendrickspower.com
Where can I find the form 990 for Hendricks County Rural Electric Membership Corporation?
Hendricks County Rural Electric Membership Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hendrickspower.com
Learn more at the official website: www.hendrickspower.com
Mission Statement of Hendricks County Rural Electric Membership Corporation
Hendricks Power Cooperative, a not-for-profit electric utility, is dedicated to providing its approximately 37,000 members with high-quality, dependable, and competitively priced electric energy. The organization upholds an environmentally responsible approach in its operations.
Established with a mission to distribute electricity to its member-owners, Hendricks Power Cooperative goes beyond just supplying power. It strives to deliver reliable and competitively valued electric energy, ensuring the communities it serves can continue to thrive. In line with its commitment to the environment, the cooperative incorporates sustainable practices in its energy production and distribution.
At the heart of Hendricks Power Cooperative's operations is a promise to deliver electric energy that is not only of the highest quality but also environmentally responsible. By maintaining a reliable power grid and investing in advanced technologies, the cooperative aims to provide its members with consistent and efficient energy services. Additionally, its dedication to sustainability sets it apart, as it continually explores ways to minimize its carbon footprint and contribute to a greener future for its communities.
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Impact
October, 2024
Hendricks County Rural Electric Membership Corporation positively impacts the community by delivering high-quality, reliable, and competitively priced electric energy to approximately 37,000 customers. By operating on a cooperative basis, it ensures that the needs and interests of its member-owners are prioritized. The commitment to environmentally responsible practices further enhances its impact, promoting sustainable energy solutions. This dedication not only supports local economic development but also contributes to the overall well-being of the community in Danville, IN, and its surrounding areas.
This information is meant to be a general summary of Hendricks County Rural Electric Membership Corporation. 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: $181,194
- Program Service Revenue: $99,620,077
- Gross Receipts: $102,543,098
Assets and Liabilities:
- Total Assets: $234,883,855
- Total Liabilities: $118,950,330
- Net Assets: $115,933,525
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC REVENUE
Revenue
$99,620,077
Organization Details
Founding Year
1936
Phone
(317) 745-5473Principal Officer
Gregory A Ternet
Main Address
PO BOX 309, DANVILLE, IN, 46122
Website
www.hendrickspower.comNTEE Category
Code: W80 - Public benefit
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