Illinois Electric Cooperative

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

EIN: 370345145 ✦ Winchester, IL ✦ Designated as a 501(c)(12)

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Overview

What is Illinois Electric Cooperative?

Illinois Electric Cooperative is a nonprofit organization based in Winchester, Illinois, with a workforce of 76 employees. They are dedicated to enhancing the lives of their 7,500 rural account members in ten counties across the state by providing them with approximately 199.77 million kilowatt hours of electricity annually. The cooperative's mission lies in the tradition of dependability and innovation, aiming to continuously improve the quality of life for its members.


Official website here: www.e-co-op.com

Is Illinois Electric Cooperative legitimate?

Illinois Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Illinois Electric Cooperative 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: $639,735
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.e-co-op.com

What is the mission statement of Illinois Electric Cooperative?

Illinois Electric Cooperative is committed to enhancing the lives of its members through reliability and innovation. In keeping with cooperative tradition, the organization strives to improve the quality of life for its customers. Last year, Illinois Electric Cooperative delivered approximately 199.77 million kilowatt hours of electricity to around 7,500 rural accounts. The cooperative intends to continue this service in the future. By focusing on dependability and innovation, Illinois Electric Cooperative aims to make a positive impact on the communities it serves.


Official website here: www.e-co-op.com

Who is the CEO of Illinois Electric Cooperative?

Jim Freeman is the President of Illinois Electric Cooperative.


Official website here: www.e-co-op.com

What is the revenue of Illinois Electric Cooperative?

Illinois Electric Cooperative's revenue in 2022 was $41,175,805.


Official website here: www.e-co-op.com

Who are the executives of Illinois Electric Cooperative and what are their salaries?

The average compensation at Illinois Electric Cooperative during 2022 was $8,418. There are 76 employees at Illinois Electric Cooperative.


Here are 17 key members and their salaries:


Thomas D Meehan Iii (President)
  • Compensation: $20,450
  • Related: $0
  • Other: $0
Julia Eberlin (Vice-President)
  • Compensation: $11,400
  • Related: $0
  • Other: $0
Jim Freeman (Treasurer)
  • Compensation: $6,050
  • Related: $0
  • Other: $0
Kevin Brannan (Secretary)
  • Compensation: $14,450
  • Related: $0
  • Other: $0
Luke Fraley (Assistant Treasurer)
  • Compensation: $5,300
  • Related: $0
  • Other: $0
Julie Rhoads (Assistant Secretary)
  • Compensation: $5,550
  • Related: $0
  • Other: $0
Jenna Morrow (Director)
  • Compensation: $6,650
  • Related: $0
  • Other: $0
Kristine Bingham (Director)
  • Compensation: $11,200
  • Related: $0
  • Other: $0
Bryan Hubbert (Director)
  • Compensation: $8,650
  • Related: $0
  • Other: $0
Pat Stendback (Director)
  • Compensation: $6,850
  • Related: $0
  • Other: $0
Kevin Klein (Director)
  • Compensation: $8,750
  • Related: $0
  • Other: $0
Seth Bushnell (Manager Of Finance)
  • Compensation: $169,677
  • Related: $0
  • Other: $88,222
Randy Long (General Manager)
  • Compensation: $238,622
  • Related: $0
  • Other: $37,914
Matthew Haverfield (Network Analyst)
  • Compensation: $129,356
  • Related: $0
  • Other: $51,476
Joseph Killday (Serviceman Lineman)
  • Compensation: $129,461
  • Related: $0
  • Other: $30,239
Darren Hayn (Serviceman Lineman)
  • Compensation: $123,428
  • Related: $0
  • Other: $75,366
Craig Long (Metering Supervisor)
  • Compensation: $118,444
  • Related: $0
  • Other: $26,115


Official website here: www.e-co-op.com

Where can I find the form 990 for Illinois Electric Cooperative?

Illinois Electric Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.e-co-op.com

Learn more at the official website: www.e-co-op.com

Mission Statement of Illinois Electric Cooperative

Illinois Electric Cooperative, a dedicated organization, is committed to enhancing the lives of its members through reliability and innovation. In the cooperative tradition, this Illinois-based entity focuses on delivering quality improvement for its approximately 7,500 rural accounts spread across ten counties in the state.

The mission of Illinois Electric Cooperative is to make a positive impact on the lives of its members by ensuring dependable electricity and fostering innovation. By providing 199,770,000 kilowatt hours of electricity annually, the organization strengthens the communities it serves, allowing residents to access essential services and maintain a comfortable standard of living. In pursuit of this commitment, the cooperative will continue to provide electricity to its members in the future.

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Impact




October, 2024

Illinois Electric Cooperative significantly enhances the quality of life for its members by providing reliable electricity and innovative services. Serving approximately 7,500 rural accounts across ten counties in Illinois, the cooperative delivered an impressive 199,770,000 kilowatt-hours of electricity. This commitment to dependability ensures that members have access to essential energy resources, fostering community well-being and supporting regional growth. By maintaining a focus on innovation, Illinois Electric is poised to continue meeting the evolving energy needs of its members, playing a vital role in the rural landscape of the state.




This information is meant to be a general summary of Illinois Electric Cooperative. 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
$41,175,805 (2022)
Expenses
$39,597,531 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $265,060
  • Program Service Revenue: $39,731,546
  • Gross Receipts: $41,187,777

Assets and Liabilities:

  • Total Assets: $145,000,257
  • Total Liabilities: $90,159,687
  • Net Assets: $54,840,570

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Programs

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

SALE OF POWER

Revenue

$35,171,141

INTERNET REVENUES

Revenue

$4,323,929

OTHER ELECTRIC REVENUE

Revenue

$236,476

Organization Details

Founding Year

1936

Principal Officer

Jim Freeman

Main Address

2 SOUTH MAIN STREET, WINCHESTER, IL, 62694

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