Overview
What is Maquoketa Valley Rural Electric Cooperat?
Maquoketa Valley Rural Electric Cooperative is a nonprofit organization based in Anamosa, Iowa, with a US address at 109 N Huber St, ZIP code 52205. They serve over 16,784 rural residential and commercial members in nine counties in Northeastern Iowa, covering a total area of 3,313 miles with 17,677 metered services. Their mission is to provide reliable, quality electric, internet, and telephone services in a safe, respectful, environmentally responsible, and cost-effective manner. The cooperative employs 84 individuals and aims to be the utility of choice, enhancing the quality of life and promoting the success of local communities.
Official website here: www.mvec.coop
What are the reviews and ratings of this charity?
The Maquoketa Valley Rural Electric Cooperative is not currently rated by Charity Navigator. This lack of rating stems from the cooperative's foundational status, as it is not recognized as a 501(c)(3) organization, which is a requirement for evaluation by Charity Navigator. The absence of a rating doesn't imply either a positive or negative evaluation but simply indicates that an assessment has not been conducted.
While Charity Navigator relies on specific beacon scores like Accountability & Finance and Impact & Measurement for rating, Maquoketa Valley Rural Electric Cooperative does not meet these criteria due to its classification. Historical ratings primarily focused on accountability and finance rather than other factors like leadership or community impact.
Furthermore, there is no available information regarding key financial data, including total revenue, expenses, or the salaries of key individuals within the organization. As a result, comprehensive insights into the cooperative's financial health and operational structure are limited.
No user reviews have been found on GreatNonprofits for the Maquoketa Valley Rural Electric Cooperative.
This AI summary has been generated from information found on Charity Navigator.
Is Maquoketa Valley Rural Electric Cooperat legitimate?
Maquoketa Valley Rural Electric Cooperat is a legitimate nonprofit organization registered as a 501(c)(12) entity. Maquoketa Valley Rural Electric Cooperat 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: $572,669
Professional Fundraising Fees: $0
Other Salaries and Wages: $668,267
For more financial information, click here
Official website here: www.mvec.coop
What is the mission statement of Maquoketa Valley Rural Electric Cooperat?
Maquoketa Valley Rural Electric Cooperative is dedicated to delivering reliable and quality electric, internet, and telephone services in a safe, respectful, and environmentally responsible manner. This commitment aims to enhance the quality of life of its members and contribute to the success of their local communities. The cooperative covers over 16,000 rural residential and commercial consumers across nine counties in Iowa, providing electric energy services through approximately 3,300 miles of distribution lines.
Official website here: www.mvec.coop
Who is the CEO of Maquoketa Valley Rural Electric Cooperat?
Jeremy Richert is the President of Maquoketa Valley Rural Electric Cooperat. The CEO's salary of Maquoketa Valley Rural Electric Cooperat is $228,547 and their total compensation is $353,060.
Official website here: www.mvec.coop
What is the revenue of Maquoketa Valley Rural Electric Cooperat?
Maquoketa Valley Rural Electric Cooperat's revenue in 2022 was $41,739,956.
Official website here: www.mvec.coop
Who are the executives of Maquoketa Valley Rural Electric Cooperat and what are their salaries?
The average compensation at Maquoketa Valley Rural Electric Cooperat during 2022 was $14,773. There are 84 employees at Maquoketa Valley Rural Electric Cooperat.
Here are 16 key members and their salaries (Maquoketa Valley Rural Electric Cooperat's CEO's salary is $228,547 and their total compensation is $353,060):
- Compensation: $10,535
- Related: $0
- Other: $0
- Compensation: $9,245
- Related: $0
- Other: $0
- Compensation: $7,955
- Related: $0
- Other: $0
- Compensation: $6,020
- Related: $0
- Other: $0
- Compensation: $10,535
- Related: $0
- Other: $0
- Compensation: $7,310
- Related: $0
- Other: $0
- Compensation: $6,020
- Related: $0
- Other: $0
- Compensation: $9,890
- Related: $0
- Other: $0
- Compensation: $6,880
- Related: $0
- Other: $0
- Compensation: $228,547
- Related: $0
- Other: $124,513
- Compensation: $147,364
- Related: $0
- Other: $61,383
- Compensation: $140,171
- Related: $0
- Other: $97,201
- Compensation: $139,200
- Related: $0
- Other: $70,349
- Compensation: $121,113
- Related: $0
- Other: $84,486
- Compensation: $117,687
- Related: $0
- Other: $21,538
- Compensation: $118,145
- Related: $0
- Other: $38,006
Official website here: www.mvec.coop
Where can I find the form 990 for Maquoketa Valley Rural Electric Cooperat?
Maquoketa Valley Rural Electric Cooperat's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mvec.coop
Learn more at the official website: www.mvec.coop
Mission Statement of Maquoketa Valley Rural Electric Cooperat
Maquoketa Valley Rural Electric Cooperative, a leading utility provider, is dedicated to delivering reliable and quality electric, internet, and telephone services in a safe, respectful, and environmentally responsible manner. committed to enhancing the quality of life of its members and contributing to the success of their local communities. The cooperative covers over 16,784 rural residential and commercial consumer households across nine counties in Northeastern Iowa, spanning 3,313 miles of distribution lines.
Maquoketa Valley Rural Electric Cooperative's mission goes beyond just providing electric energy services. It strives to be the utility of choice by ensuring the services it offers are safe, respectful, and cost-effective. The cooperative's team works tirelessly to maintain a reliable and high-quality electric grid, ensuring that members have consistent access to power. Additionally, the organization offers internet and telephone services, expanding its offerings to meet the evolving needs of its members.
Maquoketa Valley Rural Electric Cooperative's commitment to the environment is another essential aspect of its mission. It continually strives to reduce its carbon footprint and promote sustainable practices throughout its operations. This approach not only benefits the environment but also demonstrates its dedication to the long-term success of the communities it serves.
In summary, Maquoketa Valley Rural Electric Cooperative is a mission-driven utility provider that focuses on delivering reliable, quality, and cost-effective electric, internet, and telephone services to its members in a safe, respectful, and environmentally responsible manner. Its efforts go beyond just providing essential services, as it seeks to be a valued partner in the success and growth of the communities it serves.
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Impact
October, 2024
Maquoketa Valley Rural Electric Cooperative plays a crucial role in enhancing the quality of life for its members and fostering community success in Northeastern Iowa. By providing reliable and quality electric, internet, and telephone services across over 3,313 miles of distribution lines, it reaches 17,677 metered services and covers more than 16,784 rural residential and commercial consumers. Its commitment to safety, respect, environmental responsibility, and cost-effectiveness ensures that its services are not only dependable but also tailored to meet the needs of the local community. This impact extends beyond individual households, as the cooperative actively contributes to the overall development and sustainability of the regions it serves, making it a vital partner in promoting community well-being.
This information is meant to be a general summary of Maquoketa Valley Rural Electric Cooperat. 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: $101,277
- Program Service Revenue: $41,046,657
- Gross Receipts: $41,749,724
Assets and Liabilities:
- Total Assets: $152,454,363
- Total Liabilities: $111,246,709
- Net Assets: $41,207,654
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Sale of Power & Other Services
Revenue
$41,046,657
Organization Details
Founding Year
1936
Phone
(319) 462-3542Principal Officer
Jeremy Richert
Main Address
109 N Huber St, Anamosa, IA, 522050370
Website
www.mvec.coopNTEE Category
Code: W80 - Public benefit
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