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)

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 not tax deductible.

Here 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:

    Bryan K Mathews (General Manager)
  • Compensation: $242,377
  • Related: $0
  • Other: $161,053

    • Brandon Linville (Director Of Operations)
  • Compensation: $137,502
  • Related: $0
  • Other: $83,279

    • James Buhler (Director Of Finance & Acco)
  • Compensation: $126,850
  • Related: $0
  • Other: $82,256

    • Bryan Miller (Director Of It And Key Acc)
  • Compensation: $129,376
  • Related: $0
  • Other: $75,465

    • Michael Summers (Director Of Staking & Engi)
  • Compensation: $135,025
  • Related: $0
  • Other: $63,683

    • Brandon Keith (Lineman)
  • Compensation: $121,035
  • Related: $0
  • Other: $46,929

    • Kendall Hankins (Director Of Office Services)
  • Compensation: $123,052
  • Related: $0
  • Other: $44,015

    • Melissa Menchhofer (Director)
  • Compensation: $17,650
  • 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

    • Bonnie Boggs (Director)
  • Compensation: $14,300
  • Related: $0
  • Other: $0

    • David Smith (Director)
  • Compensation: $14,300
  • Related: $0
  • Other: $0

    • Casey Menchhofer (Director)
  • Compensation: $13,950
  • Related: $0
  • Other: $0

    • Darrell Smith (Director)
  • Compensation: $13,900
  • Related: $0
  • Other: $0

    • Jesse Mcclure (Director, Secretary)
  • Compensation: $13,150
  • Related: $0
  • Other: $0

    • Vince Moster (Director, Treasurer)
  • Compensation: $12,750
  • Related: $0
  • Other: $0


  • Official website here: www.seiremc.com

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

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    Southeastern Indiana REMC's impact is primarily focused on providing essential electric service to its members in the rural areas of Southeastern Indiana. By offering reliable and affordable electricity, the cooperative plays a crucial role in powering homes, farms, and businesses in the region. Through its mission to render service to its members, Southeastern Indiana REMC contributes to the overall development and well-being of its community by ensuring access to a vital utility service.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    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
  • 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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