Overview
What is Spoon River Electric Cooperative?
Spoon River Electric Cooperative is a nonprofit organization situated in Canton, Illinois, with its headquarters at 930 South Fifth Ave, ZIP code 61520. Their primary mission is to prioritize the satisfaction of their member-owners, ensuring the delivery of reliable electric services in Fulton, Knox, McDonough, Peoria, and Schuyler Counties, Central Illinois. The cooperative is committed to maintaining its financial stability while also offering additional products and services to enhance the quality of life of its members. With a workforce of 34 individuals, Spoon River Electric Cooperative plays a significant role in providing electricity and contributing to the community's well-being.
Official website here: www.srecoop.org
What do the Facebook reviews say about Spoon River Electric Cooperative?
Only four reviews are available for Spoon River Electric Cooperative, and currently, they do not hold a rating. Here’s a summary of the insights shared:
A user expressed dissatisfaction regarding a significant increase in the "line access charge" at Giant Goose Ranch, which rose from $36 to $65 over a few years. They feel that the higher charge, which is billed before any electricity is consumed, is unfair and indicates a troubling trend in pricing. The reviewer conveyed frustration over feeling trapped by the service, highlighting a perceived lack of consideration for their members.
Overall, the sentiments reflected in this limited feedback suggest some discontent with the increased fees and their communication regarding billing practices.
This AI summary has been generated from reviews found on Facebook.
Is Spoon River Electric Cooperative legitimate?
Spoon River Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Spoon River 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: $314,035
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.srecoop.org
What is the mission statement of Spoon River Electric Cooperative?
Spoon River Electric Cooperative prioritizes the satisfaction of its members above all else. The cooperative continues to focus on its primary role of delivering reliable electric service to its member-owners. To ensure its long-term sustainability, Spoon River Electric Cooperative also works on maintaining its fiscal stability. Additionally, the cooperative extends its offerings beyond electricity, providing products and services that enhance the quality of life for its members.
Official website here: www.srecoop.org
Who is the CEO of Spoon River Electric Cooperative?
Joshua Dewees is the Jny Lineman of Spoon River Electric Cooperative. The CEO's salary of Spoon River Electric Cooperative is $125,728 and their total compensation is $193,107.
Official website here: www.srecoop.org
What is the revenue of Spoon River Electric Cooperative?
Spoon River Electric Cooperative's revenue in 2022 was $11,269,227.
Official website here: www.srecoop.org
Who are the executives of Spoon River Electric Cooperative and what are their salaries?
The average compensation at Spoon River Electric Cooperative during 2022 was $9,236. There are 34 employees at Spoon River Electric Cooperative.
Here are 16 key members and their salaries (Spoon River Electric Cooperative's CEO's salary is $125,728 and their total compensation is $193,107):
- Compensation: $127,813
- Related: $0
- Other: $63,984
- Compensation: $127,789
- Related: $0
- Other: $82,371
- Compensation: $126,616
- Related: $0
- Other: $10,361
- Compensation: $125,728
- Related: $0
- Other: $67,379
- Compensation: $111,998
- Related: $0
- Other: $37,226
- Compensation: $110,343
- Related: $0
- Other: $55,831
- Compensation: $63,771
- Related: $0
- Other: $0
- Compensation: $8,300
- Related: $0
- Other: $0
- Compensation: $3,954
- Related: $0
- Other: $0
- Compensation: $3,692
- Related: $0
- Other: $0
- Compensation: $3,279
- Related: $0
- Other: $0
- Compensation: $3,004
- Related: $0
- Other: $0
- Compensation: $2,608
- Related: $0
- Other: $0
- Compensation: $2,411
- Related: $0
- Other: $0
- Compensation: $2,169
- Related: $0
- Other: $0
- Compensation: $1,912
- Related: $0
- Other: $0
Official website here: www.srecoop.org
Where can I find the form 990 for Spoon River Electric Cooperative?
Spoon River Electric Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.srecoop.org
Learn more at the official website: www.srecoop.org
Mission Statement of Spoon River Electric Cooperative
Spoon River Electric Cooperative prioritizes the contentment of its members above all else. Committed to its primary function, the cooperative continues to deliver dependable electric services to its member-owners. Furthermore, it strives to preserve the organization's financial stability while offering additional products and services that enhance the overall quality of life for its members. In essence, the mission of Spoon River Electric Cooperative is to prioritize member satisfaction, maintain its electric service delivery, ensure financial sustainability, and contribute to the improvement of its members' lives through various offerings.
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Impact
October, 2024
Spoon River Electric Cooperative significantly impacts its member communities by prioritizing member satisfaction and providing reliable electric service across Fulton, Knox, McDonough, Peoria, and Schuyler Counties in Central Illinois. By maintaining fiscal stability, the Cooperative ensures the longevity and sustainability of its services. Moreover, by offering additional products and services, Spoon River Electric enhances the quality of life for its members, which contributes to the overall well-being and development of the region. This focus on both reliability and member engagement underscores the Cooperative's commitment to its community, reflecting a model of service that benefits everyone involved.
This information is meant to be a general summary of Spoon River 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: $20,536
- Program Service Revenue: $11,248,691
- Gross Receipts: $11,269,227
Assets and Liabilities:
- Total Assets: $36,157,982
- Total Liabilities: $18,087,761
- Net Assets: $18,070,221
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Energy Sales
Revenue
$10,726,767
Patronage Capital
Revenue
$425,610
Other Electric Revenue
Revenue
$85,172
Non-operating
Revenue
$11,142
Organization Details
Founding Year
1939
Phone
(309) 647-2700Principal Officer
Joshua Dewees
Main Address
930 South Fifth Ave, Canton, IL, 61520
Website
www.srecoop.orgNTEE Category
Code: W80 - Public benefit
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