Overview
What is New Mac Electric Cooperative Inc?
New Mac Electric Cooperative Inc is a nonprofit cooperative based in Neosho, Missouri. Their primary mission is to provide electricity to their members on a cooperative basis, serving a total of 19,090 active services at the year-end. The cooperative, which employs 63 individuals, allocates patronage capital to its members as part of its cooperative business model.
Official website here: www.newmac.com
Is New Mac Electric Cooperative Inc legitimate?
New Mac Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. New Mac Electric Cooperative Inc 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: $447,783
Professional Fundraising Fees: $0
Other Salaries and Wages: $874,408
For more financial information, click here
Official website here: www.newmac.com
What is the mission statement of New Mac Electric Cooperative Inc?
New Mac Electric Cooperative Inc is dedicated to providing electricity to its members collaboratively. The cooperative basis enables the organization to offer electric services to around 19,090 active accounts at the end of the year. By adhering to this cooperative mission, New Mac Electric Cooperative Inc allocates patronage capital to its members.
Official website here: www.newmac.com
Who is the CEO of New Mac Electric Cooperative Inc?
Stanley Irsik is the Ceo/Gm of New Mac Electric Cooperative Inc. The CEO's salary of New Mac Electric Cooperative Inc is $205,121 and their total compensation is $277,684.
Official website here: www.newmac.com
What is the revenue of New Mac Electric Cooperative Inc?
New Mac Electric Cooperative Inc's revenue in 2022 was $49,072,639.
Official website here: www.newmac.com
Who are the executives of New Mac Electric Cooperative Inc and what are their salaries?
The average compensation at New Mac Electric Cooperative Inc during 2022 was $20,987. There are 63 employees at New Mac Electric Cooperative Inc.
Here are 15 key members and their salaries (New Mac Electric Cooperative Inc's CEO's salary is $205,121 and their total compensation is $277,684):
- Compensation: $205,121
- Related: $0
- Other: $72,563
- Compensation: $164,635
- Related: $0
- Other: $35,975
- Compensation: $137,823
- Related: $0
- Other: $32,904
- Compensation: $135,070
- Related: $0
- Other: $34,176
- Compensation: $132,413
- Related: $0
- Other: $34,726
- Compensation: $114,670
- Related: $0
- Other: $52,017
- Compensation: $44,551
- Related: $0
- Other: $0
- Compensation: $43,554
- Related: $0
- Other: $0
- Compensation: $36,725
- Related: $0
- Other: $0
- Compensation: $20,936
- Related: $0
- Other: $0
- Compensation: $8,771
- Related: $0
- Other: $0
- Compensation: $4,951
- Related: $0
- Other: $0
- Compensation: $4,195
- Related: $0
- Other: $0
- Compensation: $3,818
- Related: $0
- Other: $0
- Compensation: $2,597
- Related: $0
- Other: $0
Official website here: www.newmac.com
Where can I find the form 990 for New Mac Electric Cooperative Inc?
New Mac Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newmac.com
Learn more at the official website: www.newmac.com
Mission Statement of New Mac Electric Cooperative Inc
New Mac Electric Cooperative Inc, a cooperative organization, is dedicated to supplying electricity to its members in a cooperative manner. The cooperative's primary mission is to deliver reliable electric power to its community of members. At the end of the year, New Mac Electric Cooperative Inc successfully provided electricity to 19,090 active services. This number represents the collective efforts of the cooperative to bring electricity to its members on a cooperative basis. The members' patronage capital was also allocated in the process. The cooperative's commitment to its members goes beyond just providing electricity. It aims to foster a strong sense of community and cooperation among its members, making the electric service a shared resource and a source of unity. The cooperative's cooperative business model allows for members to have a voice in the organization's decision-making process and to share in the cooperative's profits, further strengthening the bond between the cooperative and its members. New Mac Electric Cooperative Inc's mission to provide electricity on a cooperative basis empowers its members to be active participants in the provision and ownership of a vital community resource.
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Impact
October, 2024
New Mac Electric Cooperative Inc has a significant impact on its community by providing reliable electricity to its members. With 19,090 active services, the cooperative ensures that local residents have access to essential energy resources, which is crucial for both daily living and economic activities. By operating on a cooperative basis, members benefit from shared ownership and are allocated patronage capital, fostering a sense of community and collaboration.
The cooperative's mission to provide electricity underscores its commitment to serving its members while promoting the public benefit. This approach not only supports individual households but also contributes to the overall economic development of Neosho, MO, and surrounding areas. By prioritizing member needs and community welfare, New Mac Electric Cooperative plays a vital role in enhancing the quality of life and supporting sustainable practices within its service area.
This information is meant to be a general summary of New Mac Electric Cooperative Inc. 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: $355,126
- Program Service Revenue: $48,559,527
- Gross Receipts: $49,533,425
Assets and Liabilities:
- Total Assets: $139,329,756
- Total Liabilities: $54,358,411
- Net Assets: $84,971,345
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES OF ELECTRICITY
Revenue
$46,913,037
PATRONAGE DIVIDENDS
Revenue
$1,628,000
SERVICE FEES
Revenue
$18,490
Organization Details
Founding Year
1939
Phone
(417) 451-1515Principal Officer
Stanley Irsik
Main Address
PO BOX 310, NEOSHO, MO, 64850
Website
www.newmac.comNTEE Category
Code: W80 - Public benefit
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