Southeastern Indiana Rural Electric Membership Corporation

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

EIN: 350672337 ✦ Osgood, IN ✦ Designated as a 501(c)(12)

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Overview

What is Southeastern Indiana Rural Electric Membership Corporation?

The Southeastern Indiana Rural Electric Membership Corporation is a nonprofit organization headquartered in Indiana, dedicated to delivering electric services to its members. Membership requires purchasing electricity from the cooperative and adhering to its regulations as outlined in the bylaws. The organization's core mission is to provide electric services, ensuring that communities in the region have access to reliable power.


Official website here: www.seiremc.com

Is Southeastern Indiana Rural Electric Membership Corporation legitimate?

Southeastern Indiana Rural Electric Membership Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Southeastern Indiana 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: $1,626,026
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,271,814

For more financial information, click here


Official website here: www.seiremc.com

What is the mission statement of Southeastern Indiana Rural Electric Membership Corporation?

The Southeastern Indiana Rural Electric Membership Corporation is dedicated to providing electric services to its members. Its corporate purpose is to render essential services to its community. One must purchase electricity from the cooperative and adhere to its membership terms to become or continue being a member. The corporation's primary program involves the sale and distribution of electricity to ensure uninterrupted power supply for its members.


Official website here: www.seiremc.com

Who is the CEO of Southeastern Indiana Rural Electric Membership Corporation?

Bryan K Mathews is the Director, Secretary of Southeastern Indiana Rural Electric Membership Corporation.


Official website here: www.seiremc.com

What is the revenue of Southeastern Indiana Rural Electric Membership Corporation?

Southeastern Indiana Rural Electric Membership Corporation's revenue in 2022 was $32,977,068.


Official website here: www.seiremc.com

Who are the executives of Southeastern Indiana Rural Electric Membership Corporation and what are their salaries?

The average compensation at Southeastern Indiana Rural Electric Membership Corporation during 2022 was $44,803. There are 87 employees at Southeastern Indiana Rural Electric Membership Corporation.


Here are 16 key members and their salaries:


Jesse Mcclure (Director, Secretary)
  • Compensation: $13,150
  • Related: $0
  • Other: $0
Michael Thieman (Director, President)
  • Compensation: $16,900
  • Related: $0
  • Other: $0
Bradley Bentle (Director)
  • Compensation: $16,050
  • Related: $0
  • Other: $0
Casey Menchhofer (Director)
  • Compensation: $13,950
  • Related: $0
  • Other: $0
Melissa Menchhofer (Director)
  • Compensation: $17,650
  • Related: $0
  • Other: $0
Bonnie Boggs (Director)
  • Compensation: $14,300
  • Related: $0
  • Other: $0
Darrell Smith (Director)
  • Compensation: $13,900
  • Related: $0
  • Other: $0
David Smith (Director)
  • Compensation: $14,300
  • Related: $0
  • Other: $0
Vince Moster (Director, Treasurer)
  • Compensation: $12,750
  • Related: $0
  • Other: $0
Bryan K Mathews (General Manager)
  • Compensation: $242,377
  • Related: $0
  • Other: $161,053
James Buhler (Director Of Finance & Acco)
  • Compensation: $126,850
  • Related: $0
  • Other: $82,256
Brandon Linville (Director Of Operations)
  • Compensation: $137,502
  • Related: $0
  • Other: $83,279
Michael Summers (Director Of Staking & Engi)
  • Compensation: $135,025
  • Related: $0
  • Other: $63,683
Bryan Miller (Director Of It And Key Acc)
  • Compensation: $129,376
  • Related: $0
  • Other: $75,465
Kendall Hankins (Director Of Office Services)
  • Compensation: $123,052
  • Related: $0
  • Other: $44,015
Brandon Keith (Lineman)
  • Compensation: $121,035
  • Related: $0
  • Other: $46,929


Official website here: www.seiremc.com

Where can I find the form 990 for Southeastern Indiana Rural Electric Membership Corporation?

Southeastern Indiana Rural Electric Membership Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.seiremc.com

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

Mission Statement of Southeastern Indiana Rural Electric Membership Corporation

Southeastern Indiana Rural Electric Membership Corporation, also known as SIREMC, is a dedicated organization that delivers electric services to its community members. Established with a clear-cut purpose, the corporation aims to provide essential services to its clientele. In order to be a part of this cooperative, individuals must purchase the electricity supplied by SIREMC and adhere to the membership terms and conditions as outlined in the bylaws.

At the core of SIREMC's mission lies the commitment to render services to its members. This commitment is reflected in the variety of programs the corporation offers. The primary focus is on the distribution and sale of electricity, ensuring that each household and business under its jurisdiction has access to a reliable power source. By delivering electricity, SIREMC plays a crucial role in enhancing the quality of life for its members.

Moreover, SIREMC prides itself on its unwavering dedication to its community. Through its corporate purpose, the organization strives to meet the electric needs of its members and enable them to enjoy the conveniences and comforts that come with a steady power supply. By providing electric services, SIREMC not only enriches the daily lives of its members but also sets the foundation for a strong, thriving community. In this way, the Southeastern Indiana Rural Electric Membership Corporation is more than just a power provider – it is a vital partner in the lives of its members.

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Impact




October, 2024

Southeastern Indiana Rural Electric Membership Corporation significantly impacts its community by providing reliable electric service to its members in Osgood, Indiana, and the surrounding areas. Its primary mission centers on delivering electricity and ensuring that its members receive quality service tailored to their needs.

By facilitating access to essential electrical services, the cooperative contributes to the economic stability and growth of the regions it serves. Members not only benefit from consistent electric supply but also from programs that enhance energy efficiency and promote sustainable practices. This fosters a sense of community and encourages responsible energy consumption among its members.

Through active engagement and compliance with its established guidelines, members are part of a collective that prioritizes cooperative governance and mutual benefit. The focus on service ensures that community needs and interests are met, reinforcing the importance of local involvement in utility operations. In this way, Southeastern Indiana REMC plays a crucial role in enhancing the quality of life for its members and supporting the overall development of the region.




This information is meant to be a general summary of Southeastern Indiana 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.

Revenue
$32,977,068 (2022)
Expenses
$32,977,068 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $150,951
  • Program Service Revenue: $2,431,099
  • Gross Receipts: $78,037,249

Assets and Liabilities:

  • Total Assets: $258,114,431
  • Total Liabilities: $166,625,474
  • Net Assets: $91,488,957

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Programs

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

GENERATION & TRANSMISSION PATRONA

Revenue

$2,431,099

Organization Details

Founding Year

1939

Principal Officer

Bryan K Mathews

Main Address

712 SOUTH BUCKEYE STREET, OSGOOD, IN, 47037

NTEE Category

Code: W80 - Public benefit

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