Richland Electric Cooperative

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

EIN: 390568995 ✦ Richland center, WI ✦ Designated as a 501(c)(12)

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Overview

What is Richland Electric Cooperative?

Richland Electric Cooperative is a not-for-profit organization functioning as a public utilities provider. Its primary mission is to supply electric energy to its members, ensuring they have a reliable power source. As a cooperative, it operates with the goal of meeting the energy needs of its community members in an efficient and sustainable manner. The cooperative's activities are centered around providing electric energy to its members, serving as a vital energy provider within its community.


Official website here: www.richec.com

Is Richland Electric Cooperative legitimate?

Richland Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Richland 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: $433,907
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.richec.com

What is the mission statement of Richland Electric Cooperative?

Richland Electric Cooperative, as a public utilities organization, is dedicated to providing electric energy to its members. In essence, its mission is to ensure a consistent supply of electricity to its member base, serving as a reliable energy provider. The cooperative's primary objective is to meet the electrical needs of its members, supporting their daily lives and various activities. By offering electric energy, Richland Electric Cooperative contributes to the overall well-being and convenience of its members, functioning as a vital part of their communities.


Official website here: www.richec.com

Who is the CEO of Richland Electric Cooperative?

Amy Martin is the Ceo/Gm of Richland Electric Cooperative. The CEO's salary of Richland Electric Cooperative is $146,965 and their total compensation is $250,426.


Official website here: www.richec.com

What is the revenue of Richland Electric Cooperative?

Richland Electric Cooperative's revenue in 2022 was $8,933,778.


Official website here: www.richec.com

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

The average compensation at Richland Electric Cooperative during 2022 was $22,837. There are 19 employees at Richland Electric Cooperative.


Here are 16 key members and their salaries (Richland Electric Cooperative's CEO's salary is $146,965 and their total compensation is $250,426):


Shannon Clark (Ceo/Gm)
  • Compensation: $146,965
  • Related: $0
  • Other: $103,461
Amy Martin (Cfo/Agm)
  • Compensation: $117,877
  • Related: $0
  • Other: $78,035
Larry Hallett (Coo/Agm)
  • Compensation: $119,781
  • Related: $0
  • Other: $59,500
Curt Brockway (Journeymanli)
  • Compensation: $109,089
  • Related: $0
  • Other: $51,980
Dave Darling (Journeymanli)
  • Compensation: $111,904
  • Related: $0
  • Other: $32,301
Grant Worthington (Journeymanli)
  • Compensation: $116,757
  • Related: $0
  • Other: $16,202
James Kaderavek (Journeymanli)
  • Compensation: $112,828
  • Related: $0
  • Other: $16,091
Calvin Sebranek (President)
  • Compensation: $8,225
  • Related: $0
  • Other: $0
Daniel Hillberry (Vice Preside)
  • Compensation: $7,425
  • Related: $0
  • Other: $0
James Goplin (Director)
  • Compensation: $5,725
  • Related: $0
  • Other: $0
Timothy Tiller (Treasurer)
  • Compensation: $5,550
  • Related: $0
  • Other: $0
Steven Fuller (Director)
  • Compensation: $5,475
  • Related: $0
  • Other: $0
Kevin Kepler (Director)
  • Compensation: $5,375
  • Related: $0
  • Other: $0
Donald Huffman (Director)
  • Compensation: $4,975
  • Related: $0
  • Other: $0
Jeffrey Monson (Director)
  • Compensation: $4,575
  • Related: $0
  • Other: $0
Judy Murphy (Secretary)
  • Compensation: $4,350
  • Related: $0
  • Other: $0


Official website here: www.richec.com

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

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


Official website here: www.richec.com

Learn more at the official website: www.richec.com

Mission Statement of Richland Electric Cooperative

Richland Electric Cooperative, as a public utilities organization, is committed to supplying electric energy to its members. In essence, this nonprofit's mission is centered around providing the essential power needs of its community members. By fulfilling this mission, Richland Electric Cooperative contributes significantly to the daily lives and well-being of its clientele, ensuring they have access to reliable and sustainable energy sources.

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Impact




October, 2024

Richland Electric Cooperative plays a significant role in the community by delivering reliable electric energy to its members in Richland Center, Wisconsin. As a public utilities organization, it ensures that residents have access to essential electricity services, which supports both everyday living and local economic activities. The cooperative's commitment to providing energy fosters community development, enhances quality of life, and promotes sustainable practices. Through its operations, Richland Electric Cooperative not only meets the energy needs of its members but also contributes to the overall well-being of the region.




This information is meant to be a general summary of Richland 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
$8,933,778 (2022)
Expenses
$8,748,763 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $7,844
  • Program Service Revenue: $8,836,698
  • Gross Receipts: $8,933,778

Assets and Liabilities:

  • Total Assets: $29,072,907
  • Total Liabilities: $17,435,697
  • Net Assets: $11,637,210

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Programs

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

ELECTRIC REVENUE

Revenue

$8,591,098

CAPITAL CREDITS AND POLE RENT

Revenue

$245,600

Organization Details

Founding Year

1936

Principal Officer

Amy Martin

Main Address

PO BOX 439, RICHLAND CENTER, WI, 53581

NTEE Category

Code: W80 - Public benefit

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