Overview
What is Mcdonough Power Cooperative Inc?
Mcdonough Power Cooperative Inc is a locally controlled cooperative business based in Macomb, Illinois. With a mission to serve, they provide electric power to approximately 5,000 households and businesses in parts of Fulton, Hancock, Henderson, Knox, McDonough, Schuyler, and Warren counties in west-central Illinois. As a member-owned organization, their primary goal is to ensure the delivery of safe, reliable, and financially responsible electric and related services. Their team, comprised of 18 employees, works diligently to better the lives of their members and the surrounding community. Mcdonough Power Cooperative is committed to maintaining high standards in all aspects of their operations, with a focus on delivering quality electric services to enhance the overall well-being of their membership.
Official website here: www.mcdonoughpower.com
What are the reviews and ratings of this charity?
The McDonough Power Cooperative Inc is currently not rated by Charity Navigator due to the lack of required beacon scores, specifically in categories like Accountability & Finance and Impact & Measurement. This absence of a rating isn't indicative of any positive or negative standing but simply reflects that the organization hasn't been assessed under the criteria used by Charity Navigator.
As the organization is not registered as a 501(c)(3) nonprofit with the IRS, it falls outside the scope of Charity Navigator's typical evaluation methodologies. These include categories such as Impact & Measurement, Culture & Community, and Leadership & Adaptability. Thus, no historical financial data, such as revenue or expenses, nor compensation information for key personnel, is available to inform potential supporters or stakeholders about its operations.
Since there are no user reviews available from GreatNonprofits, further qualitative insights into the cooperative's community impact or stakeholder satisfaction aren't accessible at this time. As it stands, potential supporters should seek additional resources or direct communication with McDonough Power Cooperative Inc to understand its mission and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Mcdonough Power Cooperative Inc legitimate?
Mcdonough Power Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Mcdonough Power Cooperative 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 tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $465,966
Professional Fundraising Fees: $0
Other Salaries and Wages: $802,876
For more financial information, click here
Official website here: www.mcdonoughpower.com
What is the mission statement of Mcdonough Power Cooperative Inc?
Mcdonough Power Cooperative is a locally controlled and member-owned business with a mission to deliver high-quality electric and related services in a safe, reliable, and financially responsible manner. This cooperative prioritizes the well-being of its membership and the served area by providing electric power to over 5,000 households and businesses in parts of several Illinois counties. By focusing on the betterment of its community, Mcdonough Power Cooperative ensures a sustainable, dependable energy supply, enhancing the quality of life for its members.
Official website here: www.mcdonoughpower.com
Who is the CEO of Mcdonough Power Cooperative Inc?
Robert M Smith is the President & of Mcdonough Power Cooperative Inc.
Official website here: www.mcdonoughpower.com
What is the revenue of Mcdonough Power Cooperative Inc?
Mcdonough Power Cooperative Inc's revenue in 2022 was $12,205,957.
Official website here: www.mcdonoughpower.com
Who are the executives of Mcdonough Power Cooperative Inc and what are their salaries?
The average compensation at Mcdonough Power Cooperative Inc during 2022 was $70,491. There are 18 employees at Mcdonough Power Cooperative Inc.
Here are 16 key members and their salaries:
- Compensation: $169,948
- Related: $0
- Other: $118,157
- Compensation: $113,944
- Related: $0
- Other: $89,359
- Compensation: $102,760
- Related: $0
- Other: $52,298
- Compensation: $108,891
- Related: $0
- Other: $42,546
- Compensation: $106,924
- Related: $0
- Other: $40,588
- Compensation: $112,273
- Related: $0
- Other: $33,293
- Compensation: $102,731
- Related: $0
- Other: $35,136
- Compensation: $6,320
- Related: $0
- Other: $0
- Compensation: $5,003
- Related: $0
- Other: $0
- Compensation: $4,874
- Related: $0
- Other: $0
- Compensation: $4,874
- Related: $0
- Other: $0
- Compensation: $4,792
- Related: $0
- Other: $0
- Compensation: $3,825
- Related: $0
- Other: $0
- Compensation: $3,775
- Related: $0
- Other: $0
- Compensation: $3,667
- Related: $0
- Other: $0
- Compensation: $2,864
- Related: $0
- Other: $0
Official website here: www.mcdonoughpower.com
Where can I find the form 990 for Mcdonough Power Cooperative Inc?
Mcdonough Power Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mcdonoughpower.com
Learn more at the official website: www.mcdonoughpower.com
Mission Statement of Mcdonough Power Cooperative Inc
Mcdonough Power Cooperative, a member-owned and locally controlled cooperative business, is dedicated to providing high-quality electric and related services in a safe, reliable, and financially responsible manner. The cooperative's ultimate goal is to enhance the livelihoods of its membership and the area it serves.
With a commitment to delivering top-notch electric power, Mcdonough Power Cooperative ensures the provision of electricity to over 5,000 households and businesses across portions of Fulton, Hancock, Henderson, Knox, McDonough, Schuyler, and Warren Counties in west-central Illinois. The cooperative's mission is rooted in accountability and community involvement, as it is owned and governed by the very people it serves. This local control ensures that the power needs of the community remain at the forefront of the cooperative's operations.
Mcdonough Power Cooperative's priority lies in maintaining a safe and reliable electrical system for its members. By adhering to the highest standards of safety and reliability, the cooperative fosters a sense of trust and confidence within its community. Furthermore, the cooperative's financial responsibility is a testament to its long-term commitment to the betterment of its membership. With a focus on efficiency and sustainability, Mcdonough Power Cooperative continues to serve as an essential provider of electric power for generations to come.
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Impact
October, 2024
Mcdonough Power Cooperative Inc plays a significant role in enhancing the quality of life for residents and businesses in West-Central Illinois. By supplying electric power to over 5,000 households and businesses across several counties, including Fulton, Hancock, Henderson, Knox, McDonough, Schuyler, and Warren, the cooperative ensures access to reliable energy that supports both daily living and economic activities.
The cooperative's commitment to providing high-quality electric and related services emphasizes safety, reliability, and financial responsibility. This focus not only fosters a stable energy supply but also encourages community engagement and local control, as it is owned and governed by its members. The financial practices of Mcdonough Power Cooperative emphasize a sustainable approach that benefits the local economy and promotes energy equity among its members.
In addition to its core mission, Mcdonough Power Cooperative contributes to the betterment of the communities it serves through various initiatives, which may include energy efficiency programs, community development projects, and educational outreach. By prioritizing the needs of its members, the cooperative strengthens community ties and promotes a sense of shared responsibility and collaborative growth in the region. Overall, Mcdonough Power Cooperative Inc is an essential pillar of support that directly impacts the social and economic well-being of its service area.
This information is meant to be a general summary of Mcdonough Power Cooperative Inc. 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: $48,578
- Program Service Revenue: $12,115,577
- Gross Receipts: $12,205,957
Assets and Liabilities:
- Total Assets: $34,272,689
- Total Liabilities: $18,610,113
- Net Assets: $15,662,576
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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
$11,494,212
CAPITAL CREDITS
Revenue
$564,759
MISCELLANEOUS ELECTRIC
Revenue
$56,606
Organization Details
Founding Year
1938
Phone
(309) 833-2101Principal Officer
Robert M Smith
Main Address
1210 W JACKSON STREET, MACOMB, IL, 61455
Website
www.mcdonoughpower.comNTEE Category
Code: W80Z - Public benefit
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