Overview
What is Linn County Rural Electric Cooperative Association?
Linn County Rural Electric Cooperative Association is a nonprofit organization located in Marion, Iowa. They specialize in providing electrical services to the cooperative members in their community. In 2022, they purchased a significant amount of power, totaling $35.2 million, from Central Iowa Power Cooperative for distribution to their members. The association, with a workforce of 75 employees, is dedicated to serving the electrical needs of its members and is an active player in the energy sector.
Official website here: www.linncountyrec.com
Is Linn County Rural Electric Cooperative Association legitimate?
Linn County Rural Electric Cooperative Association is a legitimate nonprofit organization registered as a 501(c)(12) entity. Linn County Rural Electric Cooperative 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: $588,159
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.linncountyrec.com
What is the mission statement of Linn County Rural Electric Cooperative Association?
The Linn County Rural Electric Cooperative Association focuses on delivering electrical service to its cooperative members. This non-profit organization is dedicated to ensuring a consistent power supply for its community. In order to provide this essential service, the cooperative purchased a significant amount of power from Central Iowa Power Cooperative in 2022, totaling $35,227,860. This power is subsequently distributed among the cooperative members. The association's primary goal is to maintain a reliable electrical infrastructure, ensuring that the needs of its members are met. Additionally, the cooperative may invest in various improvements and upgrades to further enhance the quality and availability of its electrical services. Overall, the Linn County Rural Electric Cooperative Association is committed to providing dependable electrical service to its members, enabling them to live comfortably and efficiently in their homes and businesses.
Official website here: www.linncountyrec.com
Who is the CEO of Linn County Rural Electric Cooperative Association?
Terry Sullivan is the President of Linn County Rural Electric Cooperative Association. The CEO's salary of Linn County Rural Electric Cooperative Association is $243,447 and their total compensation is $318,197.
Official website here: www.linncountyrec.com
What is the revenue of Linn County Rural Electric Cooperative Association?
Linn County Rural Electric Cooperative Association's revenue in 2022 was $63,258,366.
Official website here: www.linncountyrec.com
Who are the executives of Linn County Rural Electric Cooperative Association and what are their salaries?
The average compensation at Linn County Rural Electric Cooperative Association during 2022 was $7,842. There are 75 employees at Linn County Rural Electric Cooperative Association.
Here are 14 key members and their salaries (Linn County Rural Electric Cooperative Association's CEO's salary is $243,447 and their total compensation is $318,197):
- Compensation: $19,200
- Related: $0
- Other: $0
- Compensation: $22,800
- Related: $0
- Other: $0
- Compensation: $10,800
- Related: $0
- Other: $0
- Compensation: $10,200
- Related: $0
- Other: $0
- Compensation: $15,600
- Related: $0
- Other: $0
- Compensation: $11,400
- Related: $0
- Other: $0
- Compensation: $9,000
- Related: $0
- Other: $0
- Compensation: $243,447
- Related: $0
- Other: $74,750
- Compensation: $126,604
- Related: $0
- Other: $44,358
- Compensation: $154,746
- Related: $0
- Other: $51,980
- Compensation: $124,287
- Related: $0
- Other: $42,672
- Compensation: $120,506
- Related: $0
- Other: $35,959
- Compensation: $127,578
- Related: $0
- Other: $30,277
- Compensation: $128,424
- Related: $0
- Other: $36,024
Official website here: www.linncountyrec.com
Where can I find the form 990 for Linn County Rural Electric Cooperative Association?
Linn County Rural Electric Cooperative Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.linncountyrec.com
Learn more at the official website: www.linncountyrec.com
Mission Statement of Linn County Rural Electric Cooperative Association
Linn County Rural Electric Cooperative Association, with its mission at heart, is dedicated to providing electrical service to the members of the cooperative. Almost like an unseen guardian, the cooperative works diligently to ensure the availability of electricity for its members. In pursuit of this goal, the cooperative purchased power from Central Iowa Power Cooperative in the sum of $35,227,860 in 2022. With this power secured, the cooperative sets out to distribute it among its members, providing them with the essential energy they need to power their homes and businesses.
Established on the belief that electricity is a crucial necessity, Linn County Rural Electric Cooperative Association strives to deliver reliable and consistent power to its members. The cooperative's unwavering commitment to its mission is a testament to its dedication to the communities it serves. By working together, the members and the cooperative form a strong partnership, ensuring that electricity is accessible to all. The cooperative's mission is not just about providing electricity, but about creating a better quality of life for its members and contributing to the development of their communities.
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Impact
October, 2024
Linn County Rural Electric Cooperative Association plays a vital role in delivering reliable electrical service to its members in Marion, Iowa, and surrounding areas. In 2022, the cooperative invested over $35 million in purchasing power from Central Iowa Power Cooperative, ensuring that its members have access to consistent and safe electricity. This commitment not only supports the daily needs of households and businesses but also contributes to the overall economic health and wellbeing of the community. By prioritizing member service and community benefit, the cooperative helps foster a sustainable environment for growth and development in the region.
This information is meant to be a general summary of Linn County Rural Electric Cooperative 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: $780,215
- Program Service Revenue: $60,846,384
- Gross Receipts: $63,973,128
Assets and Liabilities:
- Total Assets: $192,250,615
- Total Liabilities: $111,188,003
- Net Assets: $81,062,612
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF POWER
Revenue
$60,846,384
Organization Details
Founding Year
1938
Phone
(319) 377-1587Principal Officer
Terry Sullivan
Main Address
5695 REC DRIVE PO BOX 69, MARION, IA, 523020069
Website
www.linncountyrec.comNTEE Category
Code: W80 - Public benefit
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