Overview
What is Rich Mountain Electric Cooperative Inc?
Rich Mountain Electric Cooperative Inc is a member-owned electric distribution cooperative established in Arkansas. The cooperative, with a team of 38 employees, provides electric service to its members at the lowest possible cost. They are dedicated to going above and beyond, offering energy efficiency programs to help their members reduce consumption and save money. These initiatives aim to make a positive impact on the community, ensuring the cooperative's mission is accessible and beneficial to all.
Official website here: www.rmec.com
What are the reviews and ratings of this charity?
Rich Mountain Electric Cooperative Inc is not currently rated by Charity Navigator. This absence of a rating suggests that the organization has not been evaluated according to Charity Navigator's criteria, primarily because it is not a 501(c)(3) registered nonprofit. Therefore, traditional metrics such as Accountability & Finance, Impact & Measurement, and other performance beacons are not applicable in this case.
As a cooperative, Rich Mountain Electric operates independently and is not aligned with the standard nonprofit assessment parameters. This independence indicates that its operational and financial metrics might differ from those publicly available for 501(c)(3) organizations. The cooperative structure might offer unique benefits not typically measured by standard nonprofit evaluation criteria.
No user reviews for Rich Mountain Electric Cooperative Inc were found on GreatNonprofits. Points of customer experience, satisfaction, or areas in need of improvement typically captured by user feedback aren't available, limiting public insight into the qualitative aspects of its service delivery.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Rich Mountain Electric Cooperative Inc?
While Rich Mountain Electric Cooperative Inc currently has limited user reviews, the two available insights present a positive picture. The sentiment is encouraging, with users noting that the cooperative is always professional and shows a strong commitment to customer care.
The emphasis on professionalism indicates that the organization is dedicated to maintaining high standards in their services. This suggests a reliable and attentive approach to the needs of their customers.
Although the number of reviews is small, they reflect a solid foundation of care and dedication towards the community they serve. As more feedback comes in, it will be interesting to see if this positive sentiment continues and expands.
This AI summary has been generated from reviews found on Facebook.
Is Rich Mountain Electric Cooperative Inc legitimate?
Rich Mountain Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Rich Mountain 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: $848,281
Professional Fundraising Fees: $0
Other Salaries and Wages: $871,650
For more financial information, click here
Official website here: www.rmec.com
What is the mission statement of Rich Mountain Electric Cooperative Inc?
Rich Mountain Electric Cooperative Inc is a member-owned electric distribution cooperative committed to providing affordable electric service to its members. The cooperative goes beyond just supplying electricity, as it helps its members find ways to enhance energy efficiency at their homes or businesses. The mission of Rich Mountain Electric Cooperative Inc is to deliver electric service to its members at the lowest possible cost, while offering energy efficiency programs to support sustainable living. The cooperative's dedication to affordability and energy efficiency aims to create value for its members and contribute to a more environmentally conscious community.
Official website here: www.rmec.com
Who is the CEO of Rich Mountain Electric Cooperative Inc?
Brad Castor is the Chairman of Rich Mountain Electric Cooperative Inc. The CEO's salary of Rich Mountain Electric Cooperative Inc is $211,927 and their total compensation is $296,811.
Official website here: www.rmec.com
What is the revenue of Rich Mountain Electric Cooperative Inc?
Rich Mountain Electric Cooperative Inc's revenue in 2022 was $23,041,846.
Official website here: www.rmec.com
Who are the executives of Rich Mountain Electric Cooperative Inc and what are their salaries?
The average compensation at Rich Mountain Electric Cooperative Inc during 2022 was $45,261. There are 38 employees at Rich Mountain Electric Cooperative Inc.
Here are 16 key members and their salaries (Rich Mountain Electric Cooperative Inc's CEO's salary is $211,927 and their total compensation is $296,811):
- Compensation: $42,580
- Related: $0
- Other: $0
- Compensation: $46,554
- Related: $0
- Other: $0
- Compensation: $37,734
- Related: $0
- Other: $0
- Compensation: $37,177
- Related: $0
- Other: $0
- Compensation: $38,836
- Related: $0
- Other: $0
- Compensation: $47,656
- Related: $0
- Other: $0
- Compensation: $29,843
- Related: $0
- Other: $0
- Compensation: $41,041
- Related: $0
- Other: $0
- Compensation: $45,451
- Related: $0
- Other: $0
- Compensation: $129,324
- Related: $0
- Other: $55,274
- Compensation: $211,927
- Related: $0
- Other: $84,884
- Compensation: $140,720
- Related: $0
- Other: $46,131
- Compensation: $130,407
- Related: $0
- Other: $57,884
- Compensation: $112,857
- Related: $0
- Other: $49,990
- Compensation: $116,532
- Related: $0
- Other: $49,589
- Compensation: $119,673
- Related: $0
- Other: $47,867
Official website here: www.rmec.com
Where can I find the form 990 for Rich Mountain Electric Cooperative Inc?
Rich Mountain Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rmec.com
Learn more at the official website: www.rmec.com
Mission Statement of Rich Mountain Electric Cooperative Inc
Rich Mountain Electric Cooperative Inc, a member-owned electric distribution cooperative, is dedicated to providing electric service to its members at the lowest possible cost. Located in the heart of the cooperative community, Rich Mountain Electric Cooperative goes above and beyond to not only deliver electricity but also help its members improve energy efficiency at their homes or businesses.
The cooperative's primary objective is to ensure affordable electric service for all its members. By leveraging its unique cooperative business model, Rich Mountain Electric Cooperative is able to provide cost-effective solutions and pass along savings to its consumers. In addition to this, the organization is committed to offering energy efficiency programs tailored to each member's needs. By assisting members in implementing energy-saving measures, the cooperative reduces overall energy consumption, which in turn benefits the community as a whole.
Rich Mountain Electric Cooperative's mission extends beyond simply providing electricity. Acting as a trusted partner, the cooperative works closely with its members to help them navigate the complexities of energy management. By offering expert advice and resources, the organization empowers its members to make informed decisions and save money on their energy bills. Through this collaborative approach, Rich Mountain Electric Cooperative fosters strong relationships and builds a thriving, sustainable community.
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Impact
October, 2024
Rich Mountain Electric Cooperative Inc plays a crucial role in enhancing the quality of life for its members by providing reliable electric service at the lowest possible cost. As a member-owned electric distribution cooperative based in Mena, Arkansas, it prioritizes the needs of its community, ensuring that residents and businesses have access to affordable electricity.
In addition to supplying power, Rich Mountain Electric Cooperative is dedicated to promoting energy efficiency. By offering programs and resources aimed at helping members improve their energy use, the cooperative contributes to reduced energy costs and environmental sustainability. This approach not only fosters economic savings for members but also supports a broader commitment to responsible energy consumption.
Overall, Rich Mountain Electric Cooperative Inc's impact is multifaceted, intertwining affordable electricity access with initiatives that encourage energy efficiency, thereby enhancing both the economic and environmental well-being of the community it serves.
This information is meant to be a general summary of Rich Mountain 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: $646,668
- Program Service Revenue: $21,950,190
- Gross Receipts: $23,041,846
Assets and Liabilities:
- Total Assets: $85,801,717
- Total Liabilities: $56,874,792
- Net Assets: $28,926,925
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC ENERGY SALES
Revenue
$21,950,190
Organization Details
Founding Year
1945
Phone
(479) 394-4140Principal Officer
Brad Castor
Main Address
PO BOX 897, MENA, AR, 71953
Website
www.rmec.comNTEE Category
Code: W80 - Public benefit
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