Overview
What is Lacreek Electric Association Inc?
Lacreek Electric Association Inc is a nonprofit corporation based in Martin, South Dakota, with an approximate membership of 4,265 and a service area of around 3,186 miles. Their primary mission is to deliver electric service to their community, ensuring safe and dependable power at the most affordable cost. To achieve this, they stay updated on the latest industry technology. The association, with a workforce of 30 employees, serves its territory with dedication, aiming to enhance the quality of life for its members.
Official website here: www.lacreek.com
What are the reviews and ratings of this charity?
Lacreek Electric Association Inc is not currently rated by Charity Navigator, as it does not satisfy the requirements to be evaluated under their current methodologies. This organization is not registered as a 501(c)(3) nonprofit with the IRS, which limits the evaluation of its accountability, impact, and financials as per Charity Navigator's criteria. A lack of rating should not imply any negative or positive judgment.
The organization has not been analyzed for its Impact & Measurement or Leadership & Adaptability, due to its IRS classification. Charity Navigator traditionally focused on Accountability and Finance for such evaluations, but these aspects remain unassessable for Lacreek Electric Association due to insufficient data on revenue and expenses, and key person salaries.
There are no user reviews available from GreatNonprofits for Lacreek Electric Association Inc. Without this feedback, it is challenging to capture public sentiment or community impact, so the effectiveness and reputation within the community remain difficult to gauge externally.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Lacreek Electric Association Inc?
Lacreek Electric Association Inc has yet to receive an official rating, but there is limited user feedback available. A recent review expresses strong dissatisfaction, highlighting a concern about service practices during extreme weather conditions. The reviewer feels that the organization's actions are not in line with expectations, especially regarding customer support at critical times.
Overall, this single review reflects a notably negative sentiment towards the nonprofit's responsiveness and service policies. There's no positive feedback to balance this perspective, indicating that there may be significant concerns among customers regarding their experiences. As more reviews come in, the overall sentiment could potentially shift, but for now, the feedback suggests a need for improvement in customer care and operational decisions.
This AI summary has been generated from reviews found on Facebook.
Is Lacreek Electric Association Inc legitimate?
Lacreek Electric Association Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Lacreek Electric Association 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: $423,578
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,782,472
For more financial information, click here
Official website here: www.lacreek.com
What is the mission statement of Lacreek Electric Association Inc?
Lacreek Electric Association Inc is dedicated to delivering electric service to its members. Their mission is to provide safe and reliable service at the lowest possible cost to their community. In pursuit of this goal, they continually stay updated with the latest technology in the industry to enhance the quality of life for their clientele. As of the provided information, they serve approximately 4,265 members over 3,186 miles of power lines.
Official website here: www.lacreek.com
Who is the CEO of Lacreek Electric Association Inc?
Wade Risse is the President of Lacreek Electric Association Inc.
Official website here: www.lacreek.com
What is the revenue of Lacreek Electric Association Inc?
Lacreek Electric Association Inc's revenue in 2022 was $16,981,465.
Official website here: www.lacreek.com
Who are the executives of Lacreek Electric Association Inc and what are their salaries?
The average compensation at Lacreek Electric Association Inc during 2022 was $73,535. There are 30 employees at Lacreek Electric Association Inc.
Here are 16 key members and their salaries:
- Compensation: $9,157
- Related: $0
- Other: $0
- Compensation: $4,713
- Related: $0
- Other: $0
- Compensation: $4,398
- Related: $0
- Other: $0
- Compensation: $6,629
- Related: $0
- Other: $0
- Compensation: $4,074
- Related: $0
- Other: $0
- Compensation: $8,546
- Related: $0
- Other: $0
- Compensation: $8,851
- Related: $0
- Other: $0
- Compensation: $4,398
- Related: $0
- Other: $0
- Compensation: $3,750
- Related: $0
- Other: $0
- Compensation: $4,389
- Related: $0
- Other: $0
- Compensation: $3,749
- Related: $0
- Other: $0
- Compensation: $5,361
- Related: $0
- Other: $0
- Compensation: $6,324
- Related: $0
- Other: $0
- Compensation: $128,911
- Related: $0
- Other: $82,515
- Compensation: $87,435
- Related: $0
- Other: $93,873
- Compensation: $109,177
- Related: $0
- Other: $34,317
Official website here: www.lacreek.com
Where can I find the form 990 for Lacreek Electric Association Inc?
Lacreek Electric Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lacreek.com
Learn more at the official website: www.lacreek.com
Mission Statement of Lacreek Electric Association Inc
Lacreek Electric Association Inc, a dedicated provider of electric service, is committed to delivering safe and reliable electricity to its members at the most affordable cost. With a focus on staying updated with the latest technology in the industry, the organization enhances the quality of life in its community.
Serving approximately 4,265 members spread across 3,186 miles of power lines, Lacreek Electric Association Inc is dedicated to ensuring uninterrupted electrical service. The organization's mission is to bring consistency and dependability to the energy supply of its members, providing them with the power they need to maintain their daily routines. By adopting advanced industry practices, Lacreek Electric Association Inc ensures that its infrastructure remains modern and efficient, catering to the ever-evolving energy demands of its clientele.
In line with its commitment to affordability, Lacreek Electric Association Inc continually strives to reduce costs for its members without compromising service quality. The organization's investment in the latest technology not only ensures a reliable power supply but also contributes to operational efficiencies, which in turn helps to keep electricity prices competitive. With a focus on both service excellence and cost savings, Lacreek Electric Association Inc truly embodies the spirit of providing value to its members.
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Impact
October, 2024
Lacreek Electric Association Inc has a significant impact in its community by providing reliable electric service to approximately 4,265 members across 3,186 miles of line. Located in Martin, South Dakota, the organization is dedicated to delivering electricity safely and affordably, ensuring that residents have access to essential utilities that enhance their quality of life. By staying current with the latest technology in the industry, Lacreek Electric not only meets the energy needs of its members but also contributes to the overall advancement of the community, fostering economic growth and improving living standards. Its commitment to public benefit underscores the organization’s role in promoting sustainable development and enhancing community welfare.
This information is meant to be a general summary of Lacreek Electric Association 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: $227,059
- Program Service Revenue: $16,734,623
- Gross Receipts: $17,022,290
Assets and Liabilities:
- Total Assets: $67,477,972
- Total Liabilities: $43,178,332
- Net Assets: $24,299,640
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF ELECTRICITY
Revenue
$15,109,227
COOP CAPITAL CREDITS
Revenue
$1,103,690
OTHER REVENUE
Revenue
$521,706
Organization Details
Founding Year
1948
Phone
(605) 685-6581Principal Officer
Wade Risse
Main Address
PO BOX 220, MARTIN, SD, 57551
Website
www.lacreek.comNTEE Category
Code: W80 - Public benefit
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