Overview
What is North West Rural Electric Cooperative?
North West Rural Electric Cooperative is a nonprofit organization based in Orange City, Iowa. With a workforce of 47 employees, they are dedicated to providing electricity to their 7,272 members. Their mission is to ensure the safe and efficient delivery of reliable and affordable electric service to their community. The cooperative purchases and distributes electricity to its members, serving as an essential utility partner in the region.
Official website here: www.nwrec.coop
Is North West Rural Electric Cooperative legitimate?
North West Rural Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. North West Rural 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: $597,375
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,197,916
For more financial information, click here
Official website here: www.nwrec.coop
What is the mission statement of North West Rural Electric Cooperative?
The North West Rural Electric Cooperative is dedicated to providing electricity to its members. Their mission is to ensure the safe and efficient delivery of reliable and affordable electric service. Through purchasing and distributing electric power, they aim to meet the energy needs of their community, serving a total of 7,272 members. The cooperative prioritizes the well-being and satisfaction of its customers, striving to maintain a consistent power supply and reasonable rates.
Official website here: www.nwrec.coop
Who is the CEO of North West Rural Electric Cooperative?
Lyle D Korver is the Ceo of North West Rural Electric Cooperative. The CEO's salary of North West Rural Electric Cooperative is $261,025 and their total compensation is $282,043.
Official website here: www.nwrec.coop
What is the revenue of North West Rural Electric Cooperative?
North West Rural Electric Cooperative's revenue in 2022 was $55,266,461.
Official website here: www.nwrec.coop
Who are the executives of North West Rural Electric Cooperative and what are their salaries?
The average compensation at North West Rural Electric Cooperative during 2022 was $80,751. There are 47 employees at North West Rural Electric Cooperative.
Here are 18 key members and their salaries (North West Rural Electric Cooperative's CEO's salary is $261,025 and their total compensation is $282,043):
- Compensation: $261,025
- Related: $0
- Other: $21,018
- Compensation: $124,416
- Related: $0
- Other: $20,703
- Compensation: $119,895
- Related: $0
- Other: $20,676
- Compensation: $111,679
- Related: $0
- Other: $21,556
- Compensation: $109,949
- Related: $0
- Other: $22,205
- Compensation: $108,214
- Related: $0
- Other: $22,937
- Compensation: $109,864
- Related: $0
- Other: $19,182
- Compensation: $11,165
- Related: $0
- Other: $0
- Compensation: $10,300
- Related: $0
- Other: $0
- Compensation: $8,500
- Related: $0
- Other: $0
- Compensation: $8,325
- Related: $0
- Other: $0
- Compensation: $8,315
- Related: $0
- Other: $0
- Compensation: $8,000
- Related: $0
- Other: $0
- Compensation: $7,200
- Related: $0
- Other: $0
- Compensation: $7,100
- Related: $0
- Other: $0
- Compensation: $6,765
- Related: $0
- Other: $0
- Compensation: $6,665
- Related: $0
- Other: $0
- Compensation: $5,100
- Related: $0
- Other: $0
Official website here: www.nwrec.coop
Where can I find the form 990 for North West Rural Electric Cooperative?
North West Rural Electric Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nwrec.coop
Learn more at the official website: www.nwrec.coop
Mission Statement of North West Rural Electric Cooperative
North West Rural Electric Cooperative, a dedicated organization, is committed to safely and efficiently providing reliable and affordable electric service to its membership base of 7,272 individuals. The cooperative's primary mission is to purchase and distribute electricity to its members, ensuring they have access to essential power for their daily lives.
In simple terms, North West Rural Electric Cooperative strives to bring electricity to its community. By doing so, it aims to improve the quality of life for its members, making their homes and businesses more functional and sustainable. The cooperative's efforts are geared towards maintaining a consistent power supply, ensuring its members can depend on a stable electricity source.
Moreover, the organization is dedicated to making electric service accessible and affordable for its members. This commitment to affordability is a vital aspect of North West Rural Electric Cooperative's mission, as it ensures that electricity remains an attainable resource for all. By providing reliable and affordable electric service, the cooperative is able to contribute to the overall well-being and progress of its community.
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Impact
October, 2024
North West Rural Electric Cooperative plays a crucial role in providing reliable and affordable electricity to its members in Orange City, IA, and surrounding areas. By serving 7,272 members, the Cooperative ensures that homes and businesses have access to essential electric power, supporting daily activities and local economies.
The organization focuses on safe and efficient operations, which enhances the overall quality of service delivered to its members. Through the purchase and distribution of electric power, North West REC contributes to the community's infrastructure, promoting sustainable growth and a stable environment for its members. This commitment not only meets the energy needs of the local population but also fosters a sense of community and public benefit among its members.
This information is meant to be a general summary of North West Rural 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: $212,468
- Program Service Revenue: $55,056,469
- Gross Receipts: $55,587,477
Assets and Liabilities:
- Total Assets: $131,130,476
- Total Liabilities: $67,877,423
- Net Assets: $63,253,053
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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
$50,475,494
CAPITAL CREDITS
Revenue
$4,579,575
EQUITY EARNINGS
Revenue
$1,400
Organization Details
Founding Year
1938
Phone
(712) 707-4935Principal Officer
Lyle D Korver
Main Address
PO BOX 435, ORANGE CITY, IA, 51041
Website
www.nwrec.coopNTEE Category
Code: W80 - Public benefit
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