Overview
What is Henry County Rural Electric Membership Corporation?
Henry County Rural Electric Membership Corporation, also known as HENRY COUNTY REMC, is a nonprofit organization located at 3400 S STATE ROAD 3, NEW CASTLE, IN, 47362. With approximately 7,800 members, they operate on a cooperative basis to distribute reliable, safe, and cost-competitive electric service. Their mission is to enhance the lives of their members and the communities they serve, employing a team of 40 individuals.
Official website here: www.hcremc.com
What do the Facebook reviews say about Henry County Rural Electric Membership Corporation?
70% of 22 reviewers on Facebook recommend Henry County Rural Electric Membership Corporation. Here's a summary of their reviews:
Some users have expressed dissatisfaction, particularly regarding high rates and slow outage service. The concerns raised suggest that there are areas needing improvement, especially in response time during outages. Though a segment of the reviews reflects frustration, it's not uncommon for customers to hope for enhanced performance from their service provider.
Overall, while a portion of reviewers appreciate the service, the critiques indicate that there's room for improvement in both pricing and efficiency during outages.
This AI summary has been generated from reviews found on Facebook.
Is Henry County Rural Electric Membership Corporation legitimate?
Henry County Rural Electric Membership Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Henry 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: $1,374,815
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,149,963
For more financial information, click here
Official website here: www.hcremc.com
What is the mission statement of Henry County Rural Electric Membership Corporation?
The Henry County Rural Electric Membership Corporation is dedicated to providing electric service to around 7,800 members on a cooperative basis. Their mission is to deliver reliable, safe, and cost-effective electricity to enrich the lives of the members and communities they serve. By distributing electricity cooperatively, they aim to make a positive impact on the lives of their customers. The corporation's primary goal is to ensure a consistent power supply, ensuring the well-being and convenience of those who rely on them. They strive to provide electric service that is both affordable and of high quality, as they understand the importance of electricity in modern living. Additionally, they prioritize the safety of their operations, ensuring the communities they serve can depend on them for a reliable and trustworthy energy source.
Official website here: www.hcremc.com
Who is the CEO of Henry County Rural Electric Membership Corporation?
Melissa True is the President of Henry County Rural Electric Membership Corporation. The CEO's salary of Henry County Rural Electric Membership Corporation is $183,783 and their total compensation is $274,351.
Official website here: www.hcremc.com
What is the revenue of Henry County Rural Electric Membership Corporation?
Henry County Rural Electric Membership Corporation's revenue in 2022 was $26,891,779.
Official website here: www.hcremc.com
Who are the executives of Henry County Rural Electric Membership Corporation and what are their salaries?
The average compensation at Henry County Rural Electric Membership Corporation during 2022 was $63,119. There are 40 employees at Henry County Rural Electric Membership Corporation.
Here are 15 key members and their salaries (Henry County Rural Electric Membership Corporation's CEO's salary is $183,783 and their total compensation is $274,351):
- Compensation: $6,675
- Related: $0
- Other: $0
- Compensation: $6,407
- Related: $0
- Other: $0
- Compensation: $7,150
- Related: $0
- Other: $0
- Compensation: $6,869
- Related: $0
- Other: $0
- Compensation: $8,019
- Related: $0
- Other: $0
- Compensation: $7,869
- Related: $0
- Other: $0
- Compensation: $6,528
- Related: $0
- Other: $0
- Compensation: $6,375
- Related: $0
- Other: $0
- Compensation: $3,075
- Related: $0
- Other: $0
- Compensation: $183,783
- Related: $0
- Other: $90,568
- Compensation: $161,113
- Related: $0
- Other: $115,766
- Compensation: $148,648
- Related: $0
- Other: $63,026
- Compensation: $139,048
- Related: $0
- Other: $64,079
- Compensation: $130,652
- Related: $0
- Other: $52,390
- Compensation: $127,198
- Related: $0
- Other: $39,577
Official website here: www.hcremc.com
Where can I find the form 990 for Henry County Rural Electric Membership Corporation?
Henry County Rural Electric Membership Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hcremc.com
Learn more at the official website: www.hcremc.com
Mission Statement of Henry County Rural Electric Membership Corporation
Henry County Rural Electric Membership Corporation, or HC REMC, is dedicated to providing reliable, safe, and cost-competitive electric service to enhance the lives of its approximately 7,800 members. The cooperative's primary activity revolves around the distribution of electricity to these members, ensuring they have access to essential energy for their daily needs.
HC REMC's mission is multifaceted. It goes beyond just delivering electricity; the corporation aims to make a positive impact on the communities it serves. By providing cost-effective electric solutions, HC REMC enables its members to improve their standard of living and invest in their future. The corporation's commitment to reliability ensures that power outages are minimized, and when they do occur, the response is prompt and efficient.
Moreover, HC REMC's team of dedicated professionals works tirelessly to ensure the safety of the electric infrastructure. Regular inspections, maintenance, and upgrades are carried out to maintain the highest safety standards and prevent potential hazards. By focusing on these aspects, HC REMC not only guarantees a consistent power supply but also creates a sense of security and peace of mind for its members.
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Impact
October, 2024
Henry County Rural Electric Membership Corporation plays a crucial role in delivering reliable, safe, and cost-competitive electricity to approximately 7,800 members in New Castle, Indiana. By operating on a cooperative basis, it ensures that its members have a direct stake in the services provided, fostering a strong sense of community and shared purpose.
The cooperative's mission enhances the quality of life for its members and the surrounding communities, as consistent access to electricity is essential for homes, businesses, and local infrastructure. By prioritizing efficiency and safety in its operations, Henry County REMC not only meets the energy needs of its members but also supports local economic development, contributing to a more vibrant and resilient community. Their focus on public benefit and cooperative values helps to promote sustainability and community engagement, which are vital for long-term growth and prosperity in the region.
This information is meant to be a general summary of Henry 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: $25,390
- Program Service Revenue: $26,064,644
- Gross Receipts: $26,891,779
Assets and Liabilities:
- Total Assets: $64,508,164
- Total Liabilities: $32,431,935
- Net Assets: $32,076,229
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC REVENUE
Revenue
$26,064,644
Organization Details
Founding Year
1936
Phone
(800) 248-8413Principal Officer
Melissa True
Main Address
3400 S STATE ROAD 3, NEW CASTLE, IN, 47362
Website
www.hcremc.comNTEE Category
Code: W80 - Public benefit
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