Macon Electric Cooperative

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

EIN: 430388909 ✦ Macon, MO ✦ Designated as a 501(c)(12)

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Overview

What is Macon Electric Cooperative?

Macon Electric Cooperative is a nonprofit organization based in Macon, Missouri, with a PO Box address. They are committed to delivering quality and reliable electric services to their member-owners at the most affordable price. The Cooperative's mission extends beyond just electricity, as they aim to enhance the overall quality of life in the communities they serve. With a team of 52 employees, they are dedicated to ensuring their member-owners receive top-notch electric services.


Official website here: www.maconelectric.com

Is Macon Electric Cooperative legitimate?

Macon Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Macon 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: $429,282
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.maconelectric.com

What is the mission statement of Macon Electric Cooperative?

Macon Electric Cooperative is committed to delivering quality and dependable electric services to its member-owners at affordable prices. Beyond providing electricity, the cooperative aims to enhance the communities it serves by offering additional services that enhance living standards. The cooperative's mission is to ensure member-satisfaction and cost efficiency, prioritizing the needs of its community. By focusing on both electric service and community betterment, Macon Electric Cooperative strives to create a positive impact in the lives of its members.


Official website here: www.maconelectric.com

Who is the CEO of Macon Electric Cooperative?

Tim Korman is the General Manager of Macon Electric Cooperative.


Official website here: www.maconelectric.com

What is the revenue of Macon Electric Cooperative?

Macon Electric Cooperative's revenue in 2022 was $26,633,057.


Official website here: www.maconelectric.com

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

The average compensation at Macon Electric Cooperative during 2022 was $8,255. There are 52 employees at Macon Electric Cooperative.


Here are 16 key members and their salaries:


Timothy Korman (General Manager)
  • Compensation: $162,577
  • Related: $0
  • Other: $277,988
Kenneth Fuller (Construction Foreman)
  • Compensation: $113,474
  • Related: $0
  • Other: $48,587
Rick Farmer (Lead Lineman)
  • Compensation: $109,214
  • Related: $0
  • Other: $53,849
Lucas Roberts (Lineman)
  • Compensation: $108,762
  • Related: $0
  • Other: $32,296
Danny Orbin (Mgr Of Operations)
  • Compensation: $105,694
  • Related: $0
  • Other: $74,876
Nick Stueve (Lead Lineman)
  • Compensation: $103,335
  • Related: $0
  • Other: $61,216
Jamie Maupin (Finance Manager)
  • Compensation: $106,976
  • Related: $0
  • Other: $36,862
Richard L Kemp (Secretary-Treasurer)
  • Compensation: $8,000
  • Related: $0
  • Other: $0
William Lear (Director)
  • Compensation: $6,300
  • Related: $0
  • Other: $0
Ben Williams (Director)
  • Compensation: $6,300
  • Related: $0
  • Other: $0
Mary Almond (Director)
  • Compensation: $6,300
  • Related: $0
  • Other: $0
James Collins (President)
  • Compensation: $6,200
  • Related: $0
  • Other: $0
Larry Abernathy (Director)
  • Compensation: $6,000
  • Related: $0
  • Other: $0
Daniel Smithson (Vice President)
  • Compensation: $5,700
  • Related: $0
  • Other: $0
Alvin Weimer (Director)
  • Compensation: $5,700
  • Related: $0
  • Other: $0
Paul Unterbrink (Director)
  • Compensation: $4,600
  • Related: $0
  • Other: $0


Official website here: www.maconelectric.com

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

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


Official website here: www.maconelectric.com

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

Mission Statement of Macon Electric Cooperative

Macon Electric Cooperative, with a commitment to its member-owners, is driven by the mission to deliver top-notch and dependable electric services at the most affordable price. Beyond electricity, the cooperative aims to enhance the living standards in the communities it serves.

In pursuit of its objectives, Macon Electric Cooperative concentrates on delivering quality electric services to its members. This dedication to excellence is demonstrated through its constant efforts to ensure the reliability of power supply. Furthermore, the cooperative strives to provide additional services that positively impact the lives of its members.

The Macon Electric Cooperative team understands the importance of affordable electricity for its members, and they are passionate about keeping costs low. By doing so, they contribute to the financial well-being of families and businesses in their care. This commitment to cost-effectiveness is a testament to their dedication to the communities they serve.

In summary, Macon Electric Cooperative is a mission-driven organization that puts its member-owners first. They provide high-quality, reliable electric services at affordable prices, and work to improve the overall quality of life in the communities they serve.

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Impact




October, 2024

Macon Electric Cooperative plays a crucial role in delivering quality and reliable electric service to its member-owners in Macon, Missouri. By prioritizing cost-effectiveness, the cooperative ensures that its members receive energy at the lowest possible rates. Beyond simply providing electricity, Macon Electric Cooperative actively contributes to enhancing the quality of life in the communities it serves through various initiatives and services. Its commitment to public benefit underscores the cooperative's dedication to fostering community well-being and sustainability.




This information is meant to be a general summary of Macon 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
$26,633,057 (2022)
Expenses
$27,061,304 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $38,196
  • Program Service Revenue: $26,594,861
  • Gross Receipts: $26,633,057

Assets and Liabilities:

  • Total Assets: $75,542,614
  • Total Liabilities: $43,982,032
  • Net Assets: $31,560,582

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Programs

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

Electric Service

Revenue

$25,238,173

Other

Revenue

$628,647

Capital Credits

Revenue

$488,794

Other Electric Revenue

Revenue

$239,247

Organization Details

Founding Year

1938

Principal Officer

Tim Korman

Main Address

PO Box 157, Macon, MO, 63552

NTEE Category

Code: W80 - Public benefit

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