Panhandle Rural Electric Membership Asso

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

EIN: 470348046 ✦ Alliance, NE ✦ Designated as a 501(c)(12)

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Overview

What is Panhandle Rural Electric Membership Asso?

Panhandle Rural Electric Membership Asso, or PREMA, is a nonprofit organization that prioritizes ensuring its members receive safe, reliable, efficient, and affordably-priced electricity and services. By doing so, PREMA aims to enhance the overall quality of life for its members. The organization is dedicated to this mission and belief, which is reflected in their daily operations.


Official website here: www.prema.coop

Is Panhandle Rural Electric Membership Asso legitimate?

Panhandle Rural Electric Membership Asso is a legitimate nonprofit organization registered as a 501(c)(12) entity. Panhandle Rural Electric Membership Asso 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: $293,390
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,782,337

For more financial information, click here


Official website here: www.prema.coop

What is the mission statement of Panhandle Rural Electric Membership Asso?

The Panhandle Rural Electric Membership Association (PREMA) is committed to providing its members with essential electrical services that ensure safety, reliability, efficiency, and affordability. These offerings aim to enhance the overall quality of life for PREMA members. The organization is dedicated to delivering electricity and services that meet these standards, as they believe this entitlement is crucial for their members' well-being. By focusing on these aspects, PREMA strives to create a positive impact on the lives of the individuals it serves.


Official website here: www.prema.coop

Who is the CEO of Panhandle Rural Electric Membership Asso?

Zac Bryant is the General Manager of Panhandle Rural Electric Membership Asso.


Official website here: www.prema.coop

What is the revenue of Panhandle Rural Electric Membership Asso?

Panhandle Rural Electric Membership Asso's revenue in 2022 was $15,889,292.


Official website here: www.prema.coop

Who are the executives of Panhandle Rural Electric Membership Asso and what are their salaries?

The average compensation at Panhandle Rural Electric Membership Asso during 2022 was $69,191. There are 30 employees at Panhandle Rural Electric Membership Asso.


Here are 11 key members and their salaries:


Ryan Reiber (General Manager)
  • Compensation: $173,945
  • Related: $0
  • Other: $74,768
Burton Anthony (Lineman)
  • Compensation: $107,784
  • Related: $0
  • Other: $57,175
Dale Knapp (Staking Engineer)
  • Compensation: $109,998
  • Related: $0
  • Other: $23,733
Rd Sutphen (President)
  • Compensation: $8,700
  • Related: $0
  • Other: $0
Bryan Monahan (Sec-Treasurer)
  • Compensation: $7,697
  • Related: $0
  • Other: $0
Dale Berndt (Director)
  • Compensation: $6,370
  • Related: $0
  • Other: $0
Wayne Crawford (Director)
  • Compensation: $5,970
  • Related: $0
  • Other: $0
Martin Larsen (Director)
  • Compensation: $5,508
  • Related: $0
  • Other: $0
Michael Collins (Director)
  • Compensation: $4,970
  • Related: $0
  • Other: $0
Phil Zochol (Vice President)
  • Compensation: $4,270
  • Related: $0
  • Other: $0
Zac Bryant (General Manager)
  • Compensation: $1,192
  • Related: $0
  • Other: $0


Official website here: www.prema.coop

Where can I find the form 990 for Panhandle Rural Electric Membership Asso?

Panhandle Rural Electric Membership Asso's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.prema.coop

Learn more at the official website: www.prema.coop

Mission Statement of Panhandle Rural Electric Membership Asso

Panhandle Rural Electric Membership Asso (PREMA) is dedicated to providing its members with electricity and services that are safe, reliable, efficient, and reasonably priced. This nonprofit organization believes that by fulfilling this mission, it can significantly enhance the quality of life for its customers. PREMA's commitment to safety is paramount, ensuring that all electrical services are delivered with the utmost care and attention to prevent any potential hazards.

Moreover, PREMA strives to deliver electricity and services that are reliable, meaning that members can rely on uninterrupted power supply for their daily needs. The organization also recognizes the importance of efficiency in its operations, enabling it to minimize wastage and reduce costs for its members. Lastly, PREMA is committed to offering reasonably priced electricity and services, ensuring that its members receive value for their investments.

In summary, Panhandle Rural Electric Membership Asso's mission is to deliver safe, reliable, efficient, and reasonably priced electricity and services to its members, ultimately enhancing their overall quality of life. By prioritizing the safety, reliability, efficiency, and affordability of its services, PREMA aims to be a trusted partner in improving the lives of its members.

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Impact




October, 2024

Panhandle Rural Electric Membership Association (PREMA) plays a vital role in enhancing the quality of life for its members in Alliance, Nebraska. By ensuring access to safe, reliable, and efficient electricity at reasonable rates, PREMA strengthens the community’s infrastructure and supports local well-being. Their commitment to providing high-quality services empowers residents, enabling them to lead more comfortable and productive lives. The association’s focus on member needs fosters a sense of community and encourages sustainable practices, ultimately contributing to the overall development and resilience of the region.




This information is meant to be a general summary of Panhandle Rural Electric Membership Asso. 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
$15,889,292 (2022)
Expenses
$15,779,014 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $193,487
  • Program Service Revenue: $15,679,042
  • Gross Receipts: $15,899,022

Assets and Liabilities:

  • Total Assets: $42,450,631
  • Total Liabilities: $23,530,691
  • Net Assets: $18,919,940

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Programs

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

Other Electric Revenue

Revenue

$33,686

Sales of Electricity

Revenue

$15,645,356

Organization Details

Founding Year

1945

Principal Officer

Zac Bryant

Main Address

PO Box 677, Alliance, NE, 69301

NTEE Category

Code: W80 - Public benefit

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