Overview
What is Monroe County Electric Cooperative Inc?
Monroe County Electric Cooperative Inc, located in Waterloo, Illinois, is a member-owned electric cooperative serving over 7,500 local farms, homes, and businesses with dependable electric power. Covering approximately 1,200 miles of distribution and transmission lines, this nonprofit organization aims to provide and maintain quality electric and related services for the benefit and well-being of its members. With a dedicated team of 29 employees, Monroe County Electric Cooperative's mission is to ensure a consistent electric supply for its community in Illinois.
Official website here: www.mcec.org
Is Monroe County Electric Cooperative Inc legitimate?
Monroe County Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Monroe County Electric 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: $570,818
Professional Fundraising Fees: $0
Other Salaries and Wages: $923,608
For more financial information, click here
Official website here: www.mcec.org
What is the mission statement of Monroe County Electric Cooperative Inc?
Monroe County Electric Cooperative Inc, being a member-owned organization, is dedicated to providing and maintaining top-notch electric and related services. This mission is aimed at enhancing the welfare and benefit of its member base. The cooperative uses an extensive network of approximately 1,200 miles of distribution and transmission electric lines to serve over 7,500 local farms, homes, and businesses in Illinois with reliable electric power.
Official website here: www.mcec.org
Who is the CEO of Monroe County Electric Cooperative Inc?
Alan Wattles is the President & of Monroe County Electric Cooperative Inc.
Official website here: www.mcec.org
What is the revenue of Monroe County Electric Cooperative Inc?
Monroe County Electric Cooperative Inc's revenue in 2022 was $18,269,028.
Official website here: www.mcec.org
Who are the executives of Monroe County Electric Cooperative Inc and what are their salaries?
The average compensation at Monroe County Electric Cooperative Inc during 2022 was $51,532. There are 29 employees at Monroe County Electric Cooperative Inc.
Here are 16 key members and their salaries:
- Compensation: $205,945
- Related: $0
- Other: $156,049
- Compensation: $146,052
- Related: $0
- Other: $71,705
- Compensation: $119,280
- Related: $0
- Other: $76,361
- Compensation: $118,400
- Related: $0
- Other: $56,500
- Compensation: $113,336
- Related: $0
- Other: $57,551
- Compensation: $114,612
- Related: $0
- Other: $49,811
- Compensation: $100,458
- Related: $0
- Other: $51,438
- Compensation: $8,582
- Related: $0
- Other: $0
- Compensation: $8,532
- Related: $0
- Other: $0
- Compensation: $7,632
- Related: $0
- Other: $0
- Compensation: $6,982
- Related: $0
- Other: $0
- Compensation: $5,722
- Related: $0
- Other: $0
- Compensation: $5,482
- Related: $0
- Other: $0
- Compensation: $5,482
- Related: $0
- Other: $0
- Compensation: $4,582
- Related: $0
- Other: $0
- Compensation: $3,932
- Related: $0
- Other: $0
Official website here: www.mcec.org
Where can I find the form 990 for Monroe County Electric Cooperative Inc?
Monroe County Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mcec.org
Learn more at the official website: www.mcec.org
Mission Statement of Monroe County Electric Cooperative Inc
Monroe County Electric Cooperative Inc, a member-owned organization, is dedicated to delivering and maintaining top-quality electric and related services for the benefit and well-being of its members. With around 1,200 miles of distribution and transmission electric lines, this Cooperative extends its reach to over 7,500 farms, homes, and businesses situated in Illinois.
The Monroe County Electric Cooperative Inc goes beyond simply providing electric power; it strives for the welfare of its community. By keeping the focus on its members, the Cooperative ensures a reliable electric service that enhances their daily lives. The organization's commitment to its members is reflected in the approximately 1,200 miles of electric lines that crisscross its service area, ensuring that every connected location receives the power it needs.
Monroe County Electric Cooperative Inc is more than just a power supplier; it is a vital partner to its members. Its mission is to provide and maintain quality electric and related services, a goal that is achieved through a team of dedicated professionals who work tirelessly to meet the unique needs of its community. The Cooperative's commitment to its members' well-being is a testament to its enduring mission to make a difference in people's lives through dependable electric power.
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Impact
October, 2024
Monroe County Electric Cooperative Inc makes a significant impact by providing reliable electrical services to over 7,500 farms, homes, and businesses in Illinois. Utilizing approximately 1,200 miles of distribution and transmission lines, the cooperative ensures that its members have access to dependable power. The organization is dedicated to maintaining the quality of these services for the well-being of its members, fostering a sense of community and supporting local economic development. Through its member-owned structure, Monroe County Electric Cooperative prioritizes the needs of its community, ensuring that resources are aligned with the interests of those it serves. Its commitment to quality service enhances the lives of residents and strengthens the local economy.
This information is meant to be a general summary of Monroe County Electric 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: $113,255
- Program Service Revenue: $18,091,466
- Gross Receipts: $18,269,028
Assets and Liabilities:
- Total Assets: $51,924,602
- Total Liabilities: $33,745,989
- Net Assets: $18,178,613
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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
$17,437,231
CAPTIAL CREDITS
Revenue
$529,903
MISC ELECTRIC REVENUE
Revenue
$124,332
Organization Details
Founding Year
1938
Phone
(618) 939-7171Principal Officer
Alan Wattles
Main Address
PO BOX 128, WATERLOO, IL, 62298
Website
www.mcec.orgNTEE Category
Code: W80 - Public benefit
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