Overview
What is South Central Indiana Rural Electric Membership Corporation?
South Central Indiana Rural Electric Membership Corporation (SCI REMC) is a trusted electric cooperative headquartered in Martinsville, Indiana, at 301 Morton Avenue. With a team of 205 employees, SCI REMC focuses on delivering safe, reliable, and cost-effective electricity to its diverse communities. The cooperative aims to provide innovative energy solutions beyond basic electric services, enhancing the lives of its members. In the previous year, SCI REMC catered to 34,945 active services, ensuring a cooperative electricity supply through the allocation of patronage capital.
Official website here: www.sciremc.com
Is South Central Indiana Rural Electric Membership Corporation legitimate?
South Central Indiana Rural Electric Membership Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. South Central 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: $1,429,172
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,166,330
For more financial information, click here
Official website here: www.sciremc.com
What is the mission statement of South Central Indiana Rural Electric Membership Corporation?
South Central Indiana Rural Electric Membership Corporation (SCI REMC) is dedicated to delivering safe, dependable, and cost-effective electricity and energy solutions to a diverse community. As a trusted electric cooperative, SCI REMC goes beyond just providing electricity on a cooperative basis. The organization offers innovative energy solutions and life-enhancing services to its members. In the electric division, SCI REMC ensures the reliable delivery of electricity through the allocation of patronage capital. By the end of the year, there were 34,945 active services being provided.
Official website here: www.sciremc.com
Who is the CEO of South Central Indiana Rural Electric Membership Corporation?
James Tanneberger is the Director of South Central Indiana Rural Electric Membership Corporation. The CEO's salary of South Central Indiana Rural Electric Membership Corporation is $304,828 and their total compensation is $473,795.
Official website here: www.sciremc.com
What is the revenue of South Central Indiana Rural Electric Membership Corporation?
South Central Indiana Rural Electric Membership Corporation's revenue in 2022 was $101,798,961.
Official website here: www.sciremc.com
Who are the executives of South Central Indiana Rural Electric Membership Corporation and what are their salaries?
The average compensation at South Central Indiana Rural Electric Membership Corporation during 2022 was $46,807. There are 205 employees at South Central Indiana Rural Electric Membership Corporation.
Here are 19 key members and their salaries (South Central Indiana Rural Electric Membership Corporation's CEO's salary is $304,828 and their total compensation is $473,795):
- Compensation: $14,135
- Related: $0
- Other: $0
- Compensation: $14,022
- Related: $0
- Other: $0
- Compensation: $4,702
- Related: $0
- Other: $0
- Compensation: $15,560
- Related: $0
- Other: $0
- Compensation: $9,606
- Related: $0
- Other: $0
- Compensation: $13,740
- Related: $0
- Other: $0
- Compensation: $13,110
- Related: $0
- Other: $0
- Compensation: $13,905
- Related: $0
- Other: $0
- Compensation: $15,285
- Related: $0
- Other: $0
- Compensation: $10,982
- Related: $0
- Other: $0
- Compensation: $304,828
- Related: $0
- Other: $168,967
- Compensation: $176,490
- Related: $0
- Other: $167,575
- Compensation: $215,621
- Related: $0
- Other: $34,585
- Compensation: $178,469
- Related: $0
- Other: $57,590
- Compensation: $160,867
- Related: $0
- Other: $51,588
- Compensation: $158,752
- Related: $0
- Other: $52,507
- Compensation: $153,680
- Related: $0
- Other: $48,934
- Compensation: $150,069
- Related: $0
- Other: $54,199
- Compensation: $146,053
- Related: $0
- Other: $67,133
Official website here: www.sciremc.com
Where can I find the form 990 for South Central Indiana Rural Electric Membership Corporation?
South Central Indiana Rural Electric Membership Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sciremc.com
Learn more at the official website: www.sciremc.com
Mission Statement of South Central Indiana Rural Electric Membership Corporation
South Central Indiana Rural Electric Membership Corporation (SCI REMC) is a trusted electric cooperative dedicated to providing safe, reliable, and cost-effective electricity and energy solutions to its diverse communities. SCI REMC's mission goes beyond just electricity, as it aims to offer innovative energy solutions and life-enhancing services to its members.
In the electric division, SCI REMC is committed to delivering reliable electricity to its members on a cooperative basis. This is accomplished through the allocation of patronage capital. By the end of the year, there were 34,945 active services under the cooperative's care. The corporation's focus on safety, reliability, and affordability ensures that its members can depend on a consistent power supply, enhancing their quality of life and enabling the growth of their communities.
SCI REMC's innovative approach to energy solutions sets it apart from other electric providers. It not only provides the essential electric service but also strives to improve the overall energy efficiency of its members' homes and businesses. This commitment to energy efficiency not only benefits the environment but also helps reduce the long-term electricity costs for its members. The cooperative's mission is to be more than just a utility; it is a dedicated partner in the development and progress of the communities it serves.
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Impact
October, 2024
South Central Indiana Rural Electric Membership Corporation (SCI REMC) plays a critical role in delivering safe, reliable, and cost-effective electricity to its members in South Central Indiana. With 34,945 active services at year-end, the cooperative ensures that communities receive dependable electrical service while operating on a cooperative basis that prioritizes member needs.
By focusing on innovative energy solutions, SCI REMC impacts the lives of its members and enhances the well-being of the communities it serves. The allocation of patronage capital underscores its commitment to fair practices, ensuring that profits are returned to members rather than driven by profit motives. This cooperative approach fosters a sense of community and ownership among its members, actively engaging them in decisions that affect their energy service.
In addition to providing reliable electricity, SCI REMC's mission encompasses a broader vision of enhancing the quality of life through energy solutions tailored to the unique needs of diverse communities. This emphasis on service and innovation reflects its dedication to not only meeting current energy demands but also preparing for future needs in a sustainable manner.
This information is meant to be a general summary of South Central 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$142,085
- Program Service Revenue: $101,394,278
- Gross Receipts: $102,150,047
Assets and Liabilities:
- Total Assets: $299,011,194
- Total Liabilities: $204,022,421
- Net Assets: $94,988,773
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES OF ELECTRICITY
Revenue
$85,148,343
FIBER REVENUE
Revenue
$13,174,496
PATRONAGE DIVIDENDS
Revenue
$2,218,050
SERVICE FEES
Revenue
$853,389
Organization Details
Founding Year
1939
Phone
(765) 342-3344Principal Officer
James Tanneberger
Main Address
300 MORTON AVENUE, MARTINSVILLE, IN, 46151
Website
www.sciremc.comIf you are a representative of South Central Indiana Rural Electric Membership Corporation 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.