Overview
What is Menard Electric Cooperative?
The Menard Electric Cooperative is a nonprofit organization based in Petersburg, Illinois. With a mission to provide reliable electric services at a reasonable cost, they prioritize the safety and well-being of their 11,000 members, employees, and the communities they serve in eight Central Illinois counties. Their team of 40 dedicated individuals work tirelessly to ensure the delivery of quality electric service.
Official website here: www.menard.com
What are the reviews and ratings of this charity?
Menard Electric Cooperative is not currently rated by Charity Navigator because it is not a 501(c)(3) IRS registered nonprofit. Nonprofit ratings on Charity Navigator require certain transparency and accountability metrics, which Menard Electric Cooperative does not meet under the criteria of this platform due to its classification.
The absence of a rating does not imply anything negative or positive about the cooperative. Historically, Charity Navigator ratings for similar organizations primarily focus on financial accountability, but without IRS Form 990 data, there's no available financial information to analyze.
There are no user reviews on GreatNonprofits for Menard Electric Cooperative. Therefore, direct feedback and insights from community members or service beneficiaries are unavailable for inclusion in this summary.
This AI summary has been generated from information found on Charity Navigator.
Is Menard Electric Cooperative legitimate?
Menard Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Menard 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: $569,587
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,026,330
For more financial information, click here
Official website here: www.menard.com
What is the mission statement of Menard Electric Cooperative?
Menard Electric Cooperative is dedicated to delivering reliable electric service at a reasonable cost, prioritizing the safety and well-being of its members, employees, and the communities it serves. The cooperative's mission revolves around providing essential electric services to over 11,000 members spread across eight counties in a responsible and considerate manner. By focusing on reliability, affordability, and the welfare of its stakeholders, Menard Electric Cooperative strives to maintain a strong connection with the communities it supports. The cooperative's commitment to safety ensures a dependable power supply and peace of mind for its members. Additionally, the cooperative's concern for the well-being of its employees reflects its dedication to fostering a positive work environment and sustaining a strong team to effectively serve its members.
Official website here: www.menard.com
Who is the CEO of Menard Electric Cooperative?
Alisha Anker is the General Mana of Menard Electric Cooperative.
Official website here: www.menard.com
What is the revenue of Menard Electric Cooperative?
Menard Electric Cooperative's revenue in 2022 was $31,796,337.
Official website here: www.menard.com
Who are the executives of Menard Electric Cooperative and what are their salaries?
The average compensation at Menard Electric Cooperative during 2022 was $39,898. There are 40 employees at Menard Electric Cooperative.
Here are 16 key members and their salaries:
- Compensation: $245,420
- Related: $0
- Other: $117,749
- Compensation: $158,445
- Related: $0
- Other: $97,521
- Compensation: $143,399
- Related: $0
- Other: $58,234
- Compensation: $140,460
- Related: $0
- Other: $55,821
- Compensation: $134,471
- Related: $0
- Other: $57,652
- Compensation: $134,484
- Related: $0
- Other: $45,843
- Compensation: $105,333
- Related: $0
- Other: $30,348
- Compensation: $11,920
- Related: $0
- Other: $0
- Compensation: $10,558
- Related: $0
- Other: $0
- Compensation: $9,174
- Related: $0
- Other: $0
- Compensation: $9,037
- Related: $0
- Other: $0
- Compensation: $7,606
- Related: $0
- Other: $0
- Compensation: $7,331
- Related: $0
- Other: $0
- Compensation: $5,639
- Related: $0
- Other: $0
- Compensation: $5,165
- Related: $0
- Other: $0
- Compensation: $4,307
- Related: $0
- Other: $0
Official website here: www.menard.com
Where can I find the form 990 for Menard Electric Cooperative?
Menard Electric Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.menard.com
Learn more at the official website: www.menard.com
Mission Statement of Menard Electric Cooperative
Menard Electric Cooperative, a vital organization in central Illinois, is committed to delivering reliable electric services to over 11,000 members. With a mission deeply rooted in community concern, the Cooperative strives to provide electricity at a reasonable cost, ensuring the well-being of its members, employees, and the communities it serves.
Menard Electric Cooperative's team of dedicated professionals works tirelessly to maintain a robust electric infrastructure. Their ultimate goal is to ensure that every household and business connected to their power grid enjoys uninterrupted and high-quality electric service. In the pursuit of this mission, they prioritize the safety of their members and employees above all.
The Cooperative's dedication to its members extends beyond the provision of electricity. It actively seeks to contribute to the well-being of the communities it serves. Through various initiatives and programs, Menard Electric Cooperative aims to create a positive impact on the lives of its members and foster a sense of connection and collaboration within its network.
In summary, Menard Electric Cooperative is more than just an electric service provider. It is a community partner that prioritizes the needs and well-being of its members and employees, providing reliable electricity at a reasonable cost while ensuring the safety of all involved.
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Impact
October, 2024
Menard Electric Cooperative plays a significant role in central Illinois by providing reliable electric service to over 11,000 members across eight counties. Their commitment goes beyond just electricity; they prioritize the safety and well-being of their members, employees, and the communities they serve. By ensuring access to affordable and dependable energy, Menard Electric fosters economic stability and growth, while also emphasizing community engagement and support. This focus on public benefit strengthens local infrastructure and enhances the quality of life for residents, making Menard Electric Cooperative a vital contributor to the area’s overall welfare.
This information is meant to be a general summary of Menard 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $64,572
- Program Service Revenue: $31,732,485
- Gross Receipts: $31,796,337
Assets and Liabilities:
- Total Assets: $79,932,930
- Total Liabilities: $46,760,631
- Net Assets: $33,172,299
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC REVENUE
Revenue
$30,324,796
CAPITAL CREDITS
Revenue
$1,231,283
OTHER MISC REVENUE
Revenue
$149,832
POLE RENTALS
Revenue
$25,854
SOLAR ENERGY MARKETING
Revenue
$720
Organization Details
Founding Year
1936
Phone
(217) 632-7746Principal Officer
Alisha Anker
Main Address
PO BOX 200, PETERSBURG, IL, 62675
Website
www.menard.comNTEE Category
Code: W80 - Public benefit
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