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Louisiana Rural Electric Association Inc

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

EIN: 721471114 ✦ Lafayette, LA ✦ Designated as a 501(c)(6)

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Overview

What is Louisiana Rural Electric Association Inc?

Louisiana Rural Electric Association Inc is a notable nonprofit organization based in Lafayette, Louisiana. Their primary role is to provide regulatory and legislative support to the members of rural electric cooperatives. Additionally, they offer educational resources and safety guidance to these members. This multifaceted mission aims to ensure a secure and informed environment for the rural electric cooperative community.

Is Louisiana Rural Electric Association Inc legitimate?

Louisiana Rural Electric Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Louisiana Rural 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: $44,100
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Louisiana Rural Electric Association Inc?

Louisiana Rural Electric Association Inc's mission involves providing regulatory and legislative support to its members who are part of rural electric cooperatives. Beyond this, the association also focuses on ensuring the safety and offering industry education to its members. In essence, Louisiana Rural Electric Association Inc serves as a resource for regulatory guidance and safety knowledge, aiming to empower its members in the rural electric sector.

Who is the CEO of Louisiana Rural Electric Association Inc?

Gary Soileau is the Secretary of Louisiana Rural Electric Association Inc.

What is the revenue of Louisiana Rural Electric Association Inc?

Louisiana Rural Electric Association Inc's revenue in 2023 was $609,407.

Who are the executives of Louisiana Rural Electric Association Inc and what are their salaries?


Here are 12 key members and their salaries:


Don Resweber (Secretary)
  • Compensation: $3,900
  • Related: $40,525
  • Other: $0
Carl Comeaux (Director)
  • Compensation: $3,600
  • Related: $34,754
  • Other: $0
Bryan Leonards Sr (Director)
  • Compensation: $3,300
  • Related: $33,567
  • Other: $0
Gary Soileau (President)
  • Compensation: $3,300
  • Related: $30,827
  • Other: $0
Brad Cockerham (Vice Preside)
  • Compensation: $4,500
  • Related: $0
  • Other: $0
David Cole (Director)
  • Compensation: $4,500
  • Related: $0
  • Other: $0
Bobby Creel (Treasurer)
  • Compensation: $4,500
  • Related: $0
  • Other: $0
Jimmy Ewing (Director)
  • Compensation: $4,500
  • Related: $0
  • Other: $0
Ralph Chustz (Director)
  • Compensation: $3,900
  • Related: $0
  • Other: $0
Eric Elliott (Director)
  • Compensation: $3,900
  • Related: $0
  • Other: $0
Don Hamilton (Director)
  • Compensation: $2,400
  • Related: $0
  • Other: $0
George Lacour (Director)
  • Compensation: $1,800
  • Related: $0
  • Other: $0
Where can I find the form 990 for Louisiana Rural Electric Association Inc?

Louisiana Rural Electric Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Louisiana Rural Electric Association Inc

Louisiana Rural Electric Association Inc, a notable entity, is dedicated to providing regulatory and legislative support, as well as education and safety assistance to its members who are part of rural electric cooperatives. By undertaking this mission, the organization aims to ensure that these cooperatives operate under favorable regulations and policies, thereby promoting their sustainability and effectiveness in providing electricity services to rural communities. Furthermore, Louisiana Rural Electric Association Inc offers safety and industry education to its members, equipping them with essential knowledge and skills to maintain a safe and efficient electrical infrastructure. This educational support is instrumental in enhancing the overall operational efficiency and safety standards within the rural electric cooperatives.

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Impact




October, 2024

Louisiana Rural Electric Association Inc plays a vital role in supporting the rural electric cooperatives across Louisiana through its regulatory and legislative assistance. By advocating for the interests of its members, it ensures that rural communities have access to reliable and affordable energy services.

The association also focuses on education and safety, equipping cooperative members with essential knowledge and skills to enhance operational efficiency and safety standards within the industry. This commitment to empowerment not only improves the infrastructure of rural electric systems but also fosters a culture of safety and professionalism among the workforce.

Overall, the impact of Louisiana Rural Electric Association Inc is deeply felt in the enhancement of community resilience, reliability of energy services, and the promotion of safe practices, contributing significantly to the quality of life in rural areas.




This information is meant to be a general summary of Louisiana Rural 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.

Revenue
$609,407 (2023)
Expenses
$445,836 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $12,082
  • Program Service Revenue: $200,000
  • Gross Receipts: $609,407

Assets and Liabilities:

  • Total Assets: $536,004
  • Total Liabilities: $29,465
  • Net Assets: $506,539

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Programs

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

MEMBERSHIP DUES

Revenue

$200,000

Organization Details

Founding Year

2000

Principal Officer

Gary Soileau

Main Address

PO BOX 90866, LAFAYETTE, LA, 705095384

NTEE Category

Code: S41 - Community improvement

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