Overview
What is Rushmore Electric Power Coop?
Rushmore Electric Power Coop is a wholesale power supplier to distribution companies. As a cooperative, they contribute to the energy sector by providing electricity to their clientele effectively and efficiently. The detailed description of their activities is limited due to the data provided, but it can be inferred that they operate as a significant power supplier.
Official website here: www.rushelec.com
What are the reviews and ratings of this charity?
Rushmore Electric Power Coop is not currently rated by Charity Navigator, primarily because it is not a 501(c)(3) IRS registered nonprofit, which is a prerequisite for their evaluation. This does not imply a negative or positive appraisal, just that it falls outside the scope of Charity Navigator's rating system which typically includes organizations approved for tax-deductible contributions.
Charity Navigator’s rating eligibility often considers metrics such as Accountability & Finance and Impact & Measurement, among other criteria. However, since Rushmore Electric Power Coop does not file under the IRS code required for these evaluations, its operational metrics such as revenue, expenses, and salaries are not assessed by the usual Charity Navigator standards.
Furthermore, information regarding its historical ratings, financial accountability, and other evaluation data is also not available, limiting a comprehensive analysis. For individuals interested in the organizational effectiveness and community impact of Rushmore Electric Power Coop, direct inquiries to the organization or other reliable sources may be necessary.
No user reviews were found on GreatNonprofits for Rushmore Electric Power Coop, so there is no additional user-provided insight into the organization's performance or community interactions.
This AI summary has been generated from information found on Charity Navigator.
Is Rushmore Electric Power Coop legitimate?
Rushmore Electric Power Coop is a legitimate nonprofit organization registered as a 501(c)(12) entity. Rushmore Electric Power Coop 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: $323,916
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,803,812
For more financial information, click here
Official website here: www.rushelec.com
What is the mission statement of Rushmore Electric Power Coop?
Rushmore Electric Power Coop functions as a wholesale power supplier to distribution companies. Their mission is geared towards delivering electricity resources to their clients effectively. They prioritize reliability and efficiency in the power supply chain, ensuring a consistent flow of energy to the end-users. The Coop's operations contribute to the stability of the power grid, providing essential services to communities. Additionally, they may invest in research and development to optimize their power generation methods and improve overall performance. Their role is crucial in ensuring access to electricity for various industries and residential areas.
Official website here: www.rushelec.com
Who is the CEO of Rushmore Electric Power Coop?
Kory Hammerbeck is the Ceo/General of Rushmore Electric Power Coop. The CEO's salary of Rushmore Electric Power Coop is $225,087 and their total compensation is $283,516.
Official website here: www.rushelec.com
What is the revenue of Rushmore Electric Power Coop?
Rushmore Electric Power Coop's revenue in 2022 was $14,508,098.
Official website here: www.rushelec.com
Who are the executives of Rushmore Electric Power Coop and what are their salaries?
The average compensation at Rushmore Electric Power Coop during 2022 was $73,370. There are 29 employees at Rushmore Electric Power Coop.
Here are 12 key members and their salaries (Rushmore Electric Power Coop's CEO's salary is $225,087 and their total compensation is $283,516):
- Compensation: $225,087
- Related: $0
- Other: $58,429
- Compensation: $177,582
- Related: $0
- Other: $61,421
- Compensation: $136,579
- Related: $0
- Other: $52,583
- Compensation: $117,894
- Related: $0
- Other: $50,402
- Compensation: $7,800
- Related: $0
- Other: $0
- Compensation: $7,000
- Related: $0
- Other: $0
- Compensation: $5,400
- Related: $0
- Other: $0
- Compensation: $5,400
- Related: $0
- Other: $0
- Compensation: $5,000
- Related: $0
- Other: $0
- Compensation: $3,400
- Related: $0
- Other: $0
- Compensation: $3,400
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
Official website here: www.rushelec.com
Where can I find the form 990 for Rushmore Electric Power Coop?
Rushmore Electric Power Coop's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rushelec.com
Learn more at the official website: www.rushelec.com
Mission Statement of Rushmore Electric Power Coop
Rushmore Electric Power Coop, a wholesale power supplier to distribution companies, is dedicated to delivering electricity to various communities. In the role of a power provider, this cooperative ensures a steady and reliable flow of energy to its partnering distribution companies.
At its core, Rushmore Electric Power Coop's mission revolves around supplying wholesale power. By doing so, it supports the electricity needs of various areas, enabling local distribution companies to deliver electricity to households and businesses effectively. The cooperative's contribution plays a crucial role in maintaining a consistent power supply and ensuring that energy demands are met.
Although the text provided does not offer extensive details about the specific initiatives or the communities that Rushmore Electric Power Coop serves, it's clear that the cooperative acts as a vital link in the power distribution chain. By functioning as a wholesale power supplier, the cooperative ensures a reliable and uninterrupted electricity supply, ultimately contributing to the smooth functioning of the communities it serves.
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Impact
October, 2024
Rushmore Electric Power Cooperative plays a crucial role in supplying wholesale power to distribution companies, thereby supporting the energy needs of various communities. Based in Rapid City, South Dakota, it acts as a vital link in the energy supply chain, ensuring reliable electricity access for residential, commercial, and industrial uses.
By focusing on public benefit, Rushmore Electric Power Cooperative contributes to the stability and affordability of energy in the region. This commitment not only aids in the development of local economies but also promotes sustainable energy practices, enhancing the overall quality of life for residents. Furthermore, as a wholesale power supplier, it enables distribution companies to deliver electricity more efficiently, paving the way for improved infrastructure and energy management.
Overall, Rushmore Electric Power Cooperative's impact is evident in its dedication to meeting the energy demands of the communities it serves while fostering sustainable growth and development.
This information is meant to be a general summary of Rushmore Electric Power Coop. 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: $129,578
- Program Service Revenue: $10,061,905
- Gross Receipts: $90,194,779
Assets and Liabilities:
- Total Assets: $78,036,719
- Total Liabilities: $14,806,546
- Net Assets: $63,230,173
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
G&T CAPITAL CREDITS
Revenue
$8,820,160
ENGINEERING REVENUE
Revenue
$1,226,565
OTHER CAPITAL CREDITS
Revenue
$15,180
Organization Details
Founding Year
1950
Phone
(605) 342-4759Principal Officer
Kory Hammerbeck
Main Address
PO BOX 2414, RAPID CITY, SD, 57709
Website
www.rushelec.comNTEE Category
Code: W80 - Public benefit
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