Overview
What is Tipmont Rural Electric Membership Corporation?
Tipmont Rural Electric Membership Corporation is a nonprofit organization with a mission to distribute electricity to approximately 28,371 members in Indiana, operating on a cooperative basis. Based in Linden, with an address at 403 S Main Street, they employ a team of 128 individuals dedicated to doing what's right for their members. Their primary activity revolves around providing electricity to the community in a cooperative manner, ensuring access to essential energy services.
Official website here: www.tipmont.org
What do the Facebook reviews say about Tipmont Rural Electric Membership Corporation?
82% of 61 reviewers on Facebook recommend Tipmont Rural Electric Membership Corporation. Here is a summary of their reviews:
Many users express a sense of nostalgia for the past, recalling a time when the organization felt more family-oriented and enjoyable. Some comments reflect disappointment with what they perceive as a shift towards a more corporate atmosphere, leading to a less personal experience for both employees and customers.
While a substantial portion of the reviews appreciate the services provided, this contrast indicates that there are mixed feelings about recent changes within the organization. Overall, the sentiment reveals a longing for the community-focused values that some feel may have diminished over time.
This AI summary has been generated from reviews found on Facebook.
Is Tipmont Rural Electric Membership Corporation legitimate?
Tipmont Rural Electric Membership Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Tipmont 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.tipmont.org
What is the mission statement of Tipmont Rural Electric Membership Corporation?
Tipmont Rural Electric Membership Corporation is committed to providing electricity to its approximately 28,371 members on a cooperative basis. Their mission can be summarized as doing the right things for their members. The corporation functions with the goal of delivering electric power to its cooperative members, ensuring a reliable and efficient energy supply. By focusing on the needs of its members, Tipmont Rural Electric Membership Corporation aims to build strong relationships and foster a sense of community within its membership. The corporation's dedication to its members extends beyond just electricity distribution, as they also strive to maintain open lines of communication and provide exceptional customer service.
Official website here: www.tipmont.org
What is the revenue of Tipmont Rural Electric Membership Corporation?
Tipmont Rural Electric Membership Corporation's revenue in 2023 was $86,383,415.
Official website here: www.tipmont.org
Who are the executives of Tipmont Rural Electric Membership Corporation and what are their salaries?
The average compensation at Tipmont Rural Electric Membership Corporation during 2023 was $12,174. There are 137 employees at Tipmont Rural Electric Membership Corporation.
Here are 15 key members and their salaries:
- Compensation: $381,023
- Related: $0
- Other: $71,561
- Compensation: $263,722
- Related: $0
- Other: $38,395
- Compensation: $259,289
- Related: $0
- Other: $29,305
- Compensation: $200,879
- Related: $0
- Other: $28,891
- Compensation: $217,496
- Related: $0
- Other: $11,586
- Compensation: $200,722
- Related: $0
- Other: $27,592
- Compensation: $153,008
- Related: $0
- Other: $50,255
- Compensation: $154,236
- Related: $0
- Other: $40,801
- Compensation: $44,365
- Related: $0
- Other: $0
- Compensation: $42,245
- Related: $0
- Other: $0
- Compensation: $32,340
- Related: $0
- Other: $0
- Compensation: $17,122
- Related: $0
- Other: $0
- Compensation: $16,926
- Related: $0
- Other: $0
- Compensation: $16,481
- Related: $0
- Other: $0
- Compensation: $12,596
- Related: $0
- Other: $0
Official website here: www.tipmont.org
Where can I find the form 990 for Tipmont Rural Electric Membership Corporation?
Tipmont Rural Electric Membership Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.tipmont.org
Learn more at the official website: www.tipmont.org
Mission Statement of Tipmont Rural Electric Membership Corporation
Tipmont Rural Electric Membership Corporation, with a mission to do the right things for its members, is dedicated to distributing electricity to approximately 28,371 cooperative members. This nonprofit organization operates on a cooperative basis, ensuring that the energy needs of its members are met in a reliable and efficient manner.
In simple terms, Tipmont Rural Electric Membership Corporation exists to provide electricity to its members. However, it goes beyond this basic function by operating on a cooperative basis, which means that the members have a voice in the organization and can participate in decision-making processes. This collaborative approach allows the nonprofit to better understand and respond to the unique energy needs of its members.
Tipmont's commitment to its members extends beyond just providing electricity. By doing the right things, the organization strives to build strong relationships with its members and create a sense of community. Through its cooperative structure, members can work together to ensure that the nonprofit stays responsive to their changing needs and continues to operate in their best interests. In this way, Tipmont Rural Electric Membership Corporation is more than just a utility provider; it is a partner and advocate for its members.
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Impact
October, 2024
Tipmont Rural Electric Membership Corporation positively impacts its community by distributing electricity to approximately 28,371 members in a cooperative manner. This approach fosters a sense of shared responsibility and engagement among members, ensuring that the services provided are aligned with the needs of the community. By prioritizing the delivery of reliable electrical service, Tipmont enhances residents' quality of life and supports local development in Linden, Indiana, and surrounding areas. Their commitment to doing the right things for members reflects a dedication to public benefit and community welfare, reinforcing the idea that access to electricity is vital for economic growth and social well-being.
This information is meant to be a general summary of Tipmont 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 2023.
- Investment Income: $128,796
- Program Service Revenue: $83,479,530
- Gross Receipts: $86,383,415
Assets and Liabilities:
- Total Assets: $254,841,288
- Total Liabilities: $171,318,268
- Net Assets: $83,523,020
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC REVENUE
Revenue
$77,628,864
SMART GRID REVENUE
Revenue
$5,850,666
Organization Details
Founding Year
1938
Principal Officer
Ronald L Holcomb
Website
www.tipmont.orgNTEE Category
Code: W80 - Public benefit
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