Overview
What is Meade County Rural Electric Cooperative Corporation?
Meade County Rural Electric Cooperative Corporation is a nonprofit organization located in Brandenburg, Kentucky (PO Box 489). Their mission is to provide electric service to member-owners on a patronage basis, serving an average of approximately 30,975 consumers monthly. With a team of 86 employees, they deliver electricity to the community, enabling a better quality of life for the residents. The cooperative's primary goal is to maintain a strong commitment to its members and deliver essential services, ensuring that their power needs are met effectively and efficiently.
Official website here: www.mcrecc.com
Is Meade County Rural Electric Cooperative Corporation legitimate?
Meade County Rural Electric Cooperative Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Meade County Rural Electric Cooperative Corporation 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: $1,368,423
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,115,348
For more financial information, click here
Official website here: www.mcrecc.com
What is the mission statement of Meade County Rural Electric Cooperative Corporation?
The Meade County Rural Electric Cooperative Corporation is dedicated to providing electric service to its member owners on a patronage basis. With an average of approximately 30,975 consumers served monthly, the corporation focuses on delivering electricity to its community. Its mission is centered around this essential service, ensuring that members have reliable access to electricity for their daily needs. By operating on a patronage basis, the corporation fosters a sense of ownership and community among its members. Through this commitment to electric service, the Meade County Rural Electric Cooperative Corporation aims to enhance the quality of life for its members and contribute to their overall well-being.
Official website here: www.mcrecc.com
Who is the CEO of Meade County Rural Electric Cooperative Corporation?
Martin Littrel is the Chairman of Meade County Rural Electric Cooperative Corporation. The CEO's salary of Meade County Rural Electric Cooperative Corporation is $253,683 and their total compensation is $301,692.
Official website here: www.mcrecc.com
What is the revenue of Meade County Rural Electric Cooperative Corporation?
Meade County Rural Electric Cooperative Corporation's revenue in 2022 was $68,475,133.
Official website here: www.mcrecc.com
Who are the executives of Meade County Rural Electric Cooperative Corporation and what are their salaries?
The average compensation at Meade County Rural Electric Cooperative Corporation during 2022 was $63,765. There are 86 employees at Meade County Rural Electric Cooperative Corporation.
Here are 16 key members and their salaries (Meade County Rural Electric Cooperative Corporation's CEO's salary is $253,683 and their total compensation is $301,692):
- Compensation: $9,855
- Related: $0
- Other: $0
- Compensation: $9,110
- Related: $0
- Other: $0
- Compensation: $11,615
- Related: $0
- Other: $0
- Compensation: $10,132
- Related: $0
- Other: $0
- Compensation: $9,115
- Related: $0
- Other: $0
- Compensation: $10,382
- Related: $0
- Other: $0
- Compensation: $9,882
- Related: $0
- Other: $0
- Compensation: $253,683
- Related: $0
- Other: $48,009
- Compensation: $188,484
- Related: $0
- Other: $40,714
- Compensation: $154,504
- Related: $0
- Other: $31,476
- Compensation: $121,113
- Related: $0
- Other: $33,998
- Compensation: $126,211
- Related: $0
- Other: $22,895
- Compensation: $120,050
- Related: $0
- Other: $44,598
- Compensation: $109,515
- Related: $0
- Other: $31,743
- Compensation: $113,778
- Related: $0
- Other: $18,795
- Compensation: $110,993
- Related: $0
- Other: $21,532
Official website here: www.mcrecc.com
Where can I find the form 990 for Meade County Rural Electric Cooperative Corporation?
Meade County Rural Electric Cooperative Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mcrecc.com
Learn more at the official website: www.mcrecc.com
Mission Statement of Meade County Rural Electric Cooperative Corporation
Meade County Rural Electric Cooperative Corporation, a not-for-profit entity, is dedicated to providing electric service to its member owners. The corporation follows a patronage basis, ensuring a community-focused approach to meet the energy needs of approximately 30,975 consumers monthly.
Established with the goal to serve, Meade County Rural Electric Cooperative Corporation strives to deliver uninterrupted electric service to its members. By operating on a patronage basis, the corporation fosters a strong sense of ownership and collaboration among its consumers. This approach not only ensures a reliable power supply but also empowers members to have a voice in the organization's decision-making process.
Meade County Rural Electric Cooperative Corporation's mission goes beyond just supplying electricity. By prioritizing its members' needs, the corporation aspires to create a sustainable power infrastructure that contributes to their overall quality of life. The cooperative's commitment to its members is unwavering, as it continues to serve an average of 30,975 consumers every month.
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Impact
October, 2024
Meade County Rural Electric Cooperative Corporation plays a vital role in the community by providing reliable electric service to approximately 30,975 consumers each month. Based in Brandenburg, KY, the cooperative ensures that its member-owners receive their electricity on a patronage basis, promoting local engagement and shared ownership among consumers. This model not only fosters a sense of community but also helps keep energy rates competitive and aligned with the needs of its members. By focusing on public benefit, the cooperative supports economic stability and growth in the region, contributing to a better quality of life for residents.
This information is meant to be a general summary of Meade County Rural Electric Cooperative Corporation. 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: $199,802
- Program Service Revenue: $67,813,781
- Gross Receipts: $68,475,133
Assets and Liabilities:
- Total Assets: $116,049,029
- Total Liabilities: $77,173,975
- Net Assets: $38,875,054
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC SERVICE
Revenue
$67,813,781
Organization Details
Founding Year
1937
Phone
(270) 422-2162Principal Officer
Martin Littrel
Main Address
PO BOX 489, BRANDENBURG, KY, 40108
Website
www.mcrecc.comNTEE Category
Code: W80 - Public benefit
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