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Steuben County Rural Electric Membership Corporation

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

EIN: 350687680 ✦ Angola, IN ✦ Designated as a 501(c)(12)

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Overview

What is Steuben County Rural Electric Membership Corporation?

Steuben County Rural Electric Membership Corporation, based in Angola, IN, is a nonprofit electric cooperative. This organization plays a crucial role in distributing electricity to rural customers within the area. As an electric cooperative, its mission is to deliver reliable power to its community members in a cooperative and member-driven manner.


Official website here: www.remcsteuben.com

What are the reviews and ratings of this charity?

The Steuben County Rural Electric Membership Corporation is currently not rated by Charity Navigator. This organization has not been evaluated due to the absence of required electronically-filed Form 990 data. Without such data, key financial metrics such as Accountability & Finance, or Leadership & Adaptability cannot be assessed.

The lack of a rating from Charity Navigator indicates neither an endorsement nor a criticism, merely that the organization’s activities or financials have not been examined under their current criteria. Historically, the Charity Navigator rating would reflect an assessment of Accountability and Finance but would not cover newer criteria such as Impact or Community Engagement.

As the organization is not a 501(c)(3) nonprofit, typical evaluation metrics related to nonprofit impact and culture cannot be applied. This independent status suggests that while it may perform valuable community functions, transparency and detailed reporting according to nonprofit standards are not available, limiting comprehensive public assessment of the organization's operations.


This AI summary has been generated from information found on Charity Navigator.

Is Steuben County Rural Electric Membership Corporation legitimate?

Steuben County Rural Electric Membership Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Steuben 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: $300,686
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,559,627

For more financial information, click here


Official website here: www.remcsteuben.com

What is the mission statement of Steuben County Rural Electric Membership Corporation?

Steuben County Rural Electric Membership Corporation is a cooperative dedicated to delivering electricity to rural communities. As an electric cooperative, it is focused on bringing power to areas that might not otherwise have access. The corporation is committed to providing this essential service, ensuring rural residents have reliable electricity to support their daily lives. Through its distribution efforts, it helps improve the quality of life for its customers, enabling them to power their homes and businesses with ease. The cooperative's mission is to bridge the gap in electricity access for rural communities, making a difference through every connection.


Official website here: www.remcsteuben.com

Who is the CEO of Steuben County Rural Electric Membership Corporation?

Kevin Keiser is the Pres of Steuben County Rural Electric Membership Corporation. The CEO's salary of Steuben County Rural Electric Membership Corporation is $201,884 and their total compensation is $225,886.


Official website here: www.remcsteuben.com

What is the revenue of Steuben County Rural Electric Membership Corporation?

Steuben County Rural Electric Membership Corporation's revenue in 2022 was $24,721,068.


Official website here: www.remcsteuben.com

Who are the executives of Steuben County Rural Electric Membership Corporation and what are their salaries?

The average compensation at Steuben County Rural Electric Membership Corporation during 2022 was $53,152. There are 35 employees at Steuben County Rural Electric Membership Corporation.


Here are 10 key members and their salaries (Steuben County Rural Electric Membership Corporation's CEO's salary is $201,884 and their total compensation is $225,886):


Wayne Gingrich (Pres)
  • Compensation: $12,400
  • Related: $0
  • Other: $0
Larry Jack (V Pres)
  • Compensation: $9,200
  • Related: $0
  • Other: $0
Gary Shough (Sec/Treas)
  • Compensation: $10,000
  • Related: $0
  • Other: $0
Marc Nelson (Director)
  • Compensation: $8,400
  • Related: $0
  • Other: $0
Carter Snider (Director)
  • Compensation: $6,000
  • Related: $0
  • Other: $0
Michael Kurtz (Director)
  • Compensation: $6,000
  • Related: $0
  • Other: $0
William Snyder (Director)
  • Compensation: $8,800
  • Related: $0
  • Other: $0
Scott Charters (Director)
  • Compensation: $8,000
  • Related: $0
  • Other: $0
Neasa Kalme (Director)
  • Compensation: $6,000
  • Related: $0
  • Other: $0
Kevin Keiser (Ceo)
  • Compensation: $201,884
  • Related: $0
  • Other: $24,002


Official website here: www.remcsteuben.com

Where can I find the form 990 for Steuben County Rural Electric Membership Corporation?

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


Official website here: www.remcsteuben.com

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

Mission Statement of Steuben County Rural Electric Membership Corporation

Steuben County Rural Electric Membership Corporation, commonly known as Steuben County REMC, is a mission-driven electric cooperative that brings the power of electricity to rural communities in Indiana. This non-profit organization is dedicated to delivering reliable and affordable electricity to its members, enabling them to improve their quality of life and stay connected.

At the heart of Steuben County REMC's mission is the commitment to providing essential electricity services to rural residents. As an electric cooperative, it sets itself apart by focusing on the unique needs of its community. By offering distribution of electricity, Steuben County REMC empowers its members to thrive and flourish in their rural settings.

Steuben County REMC's unwavering dedication to its customers extends beyond just providing electricity. This electric cooperative has a deep-rooted passion for enriching the lives of its members and ensuring they have access to the energy resources they need to succeed. Through their unwavering commitment to community, Steuben County REMC is instrumental in bringing power and opportunity to rural Angola, Indiana.

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Impact




October, 2024

Steuben County Rural Electric Membership Corporation plays a vital role in the community by delivering reliable electricity to rural customers in Angola, Indiana. This electric cooperative ensures that residents in these areas have access to essential power services, contributing to their quality of life and enabling economic development. By focusing on the unique needs of rural communities, the cooperative fosters local growth, supports agriculture, and enhances the overall livability of the region. Its mission to provide dependable electricity helps empower residents and businesses alike, creating a sustainable environment for present and future generations.




This information is meant to be a general summary of Steuben 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.

Revenue
$24,721,068 (2022)
Expenses
$23,874,923 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $23,269
  • Program Service Revenue: $24,301,619
  • Gross Receipts: $24,721,068

Assets and Liabilities:

  • Total Assets: $49,035,276
  • Total Liabilities: $27,484,229
  • Net Assets: $21,551,047

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Programs

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

SALE OF ELECTRICITY

Revenue

$24,301,619

Organization Details

Founding Year

1937

Principal Officer

Kevin Keiser

Main Address

P O BOX 359, ANGOLA, IN, 46703

NTEE Category

Code: W80 - Public benefit

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