Overview
What is Brown County Rural Electrical Association?
Brown County Rural Electrical Association is a nonprofit organization based in Sleepy Eye, Minnesota, serving approximately 3,746 members with 4,554 active accounts in southwestern Minnesota. With a mission to enhance the quality of life for its members, the cooperative provides reliable electricity and services at competitive prices. Operating with 1,525 miles of lines, a combination of overhead and underground, the organization distributes and sells electrical power to its community. The Association's employee team, consisting of 17 individuals, is dedicated to delivering electricity services that contribute to the betterment of the locals' lives.
Official website here: www.browncountyrea.coop
Is Brown County Rural Electrical Association legitimate?
Brown County Rural Electrical Association is a legitimate nonprofit organization registered as a 501(c)(12) entity. Brown County Rural Electrical Association 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: $518,184
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.browncountyrea.coop
What is the mission statement of Brown County Rural Electrical Association?
The Brown County Rural Electrical Association's mission is centered around enhancing the lives of its members. They strive to deliver reliable electricity and related services at competitive prices. The cooperative caters to approximately 3,746 members in southwestern Minnesota, managing a network of around 1,525 miles of electrical lines. By focusing on providing dependable power, the association contributes to improving the overall quality of life for those it serves.
Official website here: www.browncountyrea.coop
Who is the CEO of Brown County Rural Electrical Association?
Michael Heidemann is the President of Brown County Rural Electrical Association. The CEO's salary of Brown County Rural Electrical Association is $166,668 and their total compensation is $268,883.
Official website here: www.browncountyrea.coop
What is the revenue of Brown County Rural Electrical Association?
Brown County Rural Electrical Association's revenue in 2022 was $16,899,394.
Official website here: www.browncountyrea.coop
Who are the executives of Brown County Rural Electrical Association and what are their salaries?
The average compensation at Brown County Rural Electrical Association during 2022 was $30,481. There are 17 employees at Brown County Rural Electrical Association.
Here are 14 key members and their salaries (Brown County Rural Electrical Association's CEO's salary is $166,668 and their total compensation is $268,883):
- Compensation: $15,350
- Related: $0
- Other: $0
- Compensation: $11,700
- Related: $0
- Other: $0
- Compensation: $12,050
- Related: $0
- Other: $0
- Compensation: $11,500
- Related: $0
- Other: $0
- Compensation: $14,400
- Related: $0
- Other: $0
- Compensation: $13,400
- Related: $0
- Other: $0
- Compensation: $10,400
- Related: $0
- Other: $0
- Compensation: $13,100
- Related: $0
- Other: $0
- Compensation: $12,900
- Related: $0
- Other: $0
- Compensation: $166,668
- Related: $0
- Other: $102,215
- Compensation: $87,099
- Related: $0
- Other: $64,241
- Compensation: $116,458
- Related: $0
- Other: $65,902
- Compensation: $103,600
- Related: $0
- Other: $55,744
- Compensation: $103,266
- Related: $0
- Other: $49,678
Official website here: www.browncountyrea.coop
Where can I find the form 990 for Brown County Rural Electrical Association?
Brown County Rural Electrical Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.browncountyrea.coop
Learn more at the official website: www.browncountyrea.coop
Mission Statement of Brown County Rural Electrical Association
Brown County Rural Electrical Association, or BCREA, is a mission-driven cooperative dedicated to enhancing the lives of its members by ensuring they have access to reliable and competitively priced electric services. The organization's primary goal is to deliver electricity to approximately 3,746 members in southwestern Minnesota, servicing 4,554 active accounts through a comprehensive network of 1,525 miles of lines, a combination of overhead and underground. BCREA's commitment to its members extends beyond just providing electricity; it strives to improve their overall quality of life.
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Impact
October, 2024
Brown County Rural Electrical Association significantly enhances the quality of life for its members by providing reliable electricity service in southwestern Minnesota. With approximately 3,746 members and 4,554 active accounts, the cooperative oversees an extensive network of 1,525 miles of overhead and underground power lines. This infrastructure supports the daily needs of the community, ensuring that residents have access to essential electrical services. By focusing on competitive pricing and dependable service, the cooperative not only meets the energy demands of its members but also fosters community growth and sustainability. Through its commitment to reliable power, Brown County Electric plays a vital role in improving living standards and supporting local development.
This information is meant to be a general summary of Brown County Rural Electrical Association. 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: $125,526
- Program Service Revenue: $16,731,164
- Gross Receipts: $17,114,044
Assets and Liabilities:
- Total Assets: $45,245,763
- Total Liabilities: $24,080,029
- Net Assets: $21,165,734
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC SALES
Revenue
$16,407,781
CAPITAL CREDIT
Revenue
$291,893
OTHER SALES
Revenue
$31,490
Organization Details
Founding Year
1937
Phone
(507) 794-3331Principal Officer
Michael Heidemann
Main Address
PO BOX 529, SLEEPY EYE, MN, 560850529
Website
www.browncountyrea.coopNTEE Category
Code: W80 - Public benefit
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