nonprofit logo

Southern Indiana Rec Inc

Southern Indiana Power

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

EIN: 350672654 ✦ Tell city, IN ✦ Designated as a 501(c)(12)

Overview

What is Southern Indiana Rec Inc?

Southern Indiana Rec Inc, also known as Southern Indiana Power, is a nonprofit cooperative based in Tell City, Indiana, with an approximate membership of 7,533. Their primary mission is to provide safe, reliable, and affordable electricity to the community, enhancing their overall quality of life. With a dedicated workforce of 31 employees, Southern Indiana Rec Inc strives to maintain a dependable power supply and continuously improve the living conditions for its members.


Official website here: www.sinpwr.com

Is Southern Indiana Rec Inc legitimate?

Southern Indiana Rec Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Southern Indiana Rec 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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $378,944
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,295,695

For more financial information, click here


Official website here: www.sinpwr.com

What is the mission statement of Southern Indiana Rec Inc?

Southern Indiana Rec Inc is dedicated to supplying its members with safe, dependable, and economical electricity. By doing so, the cooperative aims to enhance the overall quality of life for its approximately 7,533 members. The organization's primary mission is centered around delivering electricity on a cooperative basis and ensuring the well-being of its community.


Official website here: www.sinpwr.com

Who is the CEO of Southern Indiana Rec Inc?

Steve Seibert is the Chairman of Southern Indiana Rec Inc. The CEO's salary of Southern Indiana Rec Inc is $227,894 and their total compensation is $309,944.


Official website here: www.sinpwr.com

What is the revenue of Southern Indiana Rec Inc?

Southern Indiana Rec Inc's revenue in 2022 was $46,685,801.


Official website here: www.sinpwr.com

Who are the executives of Southern Indiana Rec Inc and what are their salaries?

The average compensation at Southern Indiana Rec Inc during 2022 was $86,279. There are 31 employees at Southern Indiana Rec Inc.

Here are 15 key members and their salaries (Southern Indiana Rec Inc's CEO's salary is $227,894 and their total compensation is $309,944):

    Steven Seibert (President/Ceo)
  • Compensation: $227,894
  • Related: $0
  • Other: $82,050

    • James Applegate (Journeyman Lineman)
  • Compensation: $101,994
  • Related: $0
  • Other: $64,951

    • Stephen Fortwendel (Manager Of Operations)
  • Compensation: $108,343
  • Related: $0
  • Other: $51,804

    • Todd Hammond (Manager Of Engineering)
  • Compensation: $105,991
  • Related: $0
  • Other: $52,040

    • Clint Heeke (Journeyman Lineman)
  • Compensation: $107,730
  • Related: $0
  • Other: $39,356

    • Mathew Glenn (Journeyman Lineman)
  • Compensation: $102,403
  • Related: $0
  • Other: $36,479

    • Jeff Vogel (Chairman) [Trustee/Director]
  • Compensation: $11,575
  • Related: $0
  • Other: $0

    • David Lynch (Director)
  • Compensation: $10,125
  • Related: $0
  • Other: $0

    • Dirk Stein (Secretary - 7 Months) [Trustee/Director]
  • Compensation: $9,950
  • Related: $0
  • Other: $0

    • Randall Kleaving (Director)
  • Compensation: $9,600
  • Related: $0
  • Other: $0

    • Gary Waninger (Vice Chairman - 9 Months) [Trustee/Director]
  • Compensation: $8,200
  • Related: $0
  • Other: $0

    • Chris Burroughs (Director)
  • Compensation: $5,700
  • Related: $0
  • Other: $0

    • Kevin Waninger (Secretary - 5 Months) [Trustee/Director]
  • Compensation: $5,325
  • Related: $0
  • Other: $0

    • Kyle Knieriem (Director)
  • Compensation: $5,150
  • Related: $0
  • Other: $0

    • Philip Meyer (Vice Chairman - 3 Months) [Trustee/Director]
  • Compensation: $3,375
  • Related: $0
  • Other: $0


  • Official website here: www.sinpwr.com

    Where can I find the form 990 for Southern Indiana Rec Inc?

    The Southern Indiana Rec Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.sinpwr.com

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

    Mission Statement of Southern Indiana Rec Inc

    Southern Indiana Rec Inc, a cooperative organization, is dedicated to providing safe, dependable, and economical electricity to approximately 7,533 members. The mission of this nonprofit goes beyond just supplying power; it aims to enhance the overall quality of life for its members. By ensuring a consistent electricity supply, Southern Indiana Rec Inc contributes significantly to the comfort and convenience of its community. The cooperative nature of the organization allows for a sense of unity and shared responsibility among its members, fostering a strong community bond. Through its unwavering commitment to safety, reliability, and affordability, Southern Indiana Rec Inc continues to make a positive impact on the lives of those it serves.

    Impact

    This information is meant to be a general summary of Southern Indiana Rec Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Southern Indiana Rec Inc has a significant impact on the community by providing safe, reliable, and affordable power to approximately 7,533 members on a cooperative basis in Tell City, Indiana. Their mission to improve the quality of life for their members through the distribution of electricity contributes to the overall well-being and functioning of the community. This organization's focus on public benefit underscores their commitment to serving the needs of their members and ensuring access to essential services.





    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: $159,946
  • Program Service Revenue: $45,512,301
  • Gross Receipts: $46,685,801

    • Assets and Liabilities:
  • Total Assets: $76,919,602
  • Total Liabilities: $30,686,357
  • Net Assets: $46,233,245
  • Programs

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

    REVENUE-ELECTRIC SALES

    Revenue

    $45,512,301

    Organization Details

    Founding Year

    1939

    Principal Officer

    Steve Seibert

    Main Address

    PO BOX 219, TELL CITY, IN, 47586

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Southern Indiana Rec Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.