Overview
What is Red River Valley Rural Electric Association?
Red River Valley Rural Electric Association, a nonprofit organization based in Marietta, Oklahoma, serves five counties in the region by distributing electricity on a cooperative basis. With over 2,800 miles of distribution lines, they cater to 17,378 accounts. Their operations yielded significant returns for members, totaling $1,546,103 in capital credits and $2,467,095 in allocated net operating margins during 2022. The mission of Red River Valley Rural Electric Association is to ensure accessible electricity for its members, fostering community partnership and shared responsibility.
Official website here: www.rrvrea.com
What are the reviews and ratings of this charity?
The Red River Valley Rural Electric Association is currently not rated by Charity Navigator. This absence of a rating is not necessarily indicative of either a positive or negative standing; it results from the organization's status, as it is not recognized as a 501(c)(3) nonprofit by the IRS. Consequently, it is not subject to the Accountability & Finance or Impact & Measurement evaluations applicable to other charities.
The organization's independent status suggests it operates without ties to national or regional groups, and its foundation status further sets it apart from traditional nonprofits. However, due to this classification, key financial information such as revenue, expenses, or salaries of key personnel remains undisclosed, hindering a comprehensive assessment of its financial health and resource management.
Amidst these constraints, the non-availability of user reviews on GreatNonprofits leaves potential supporters without firsthand experiences to guide their opinions. The lack of public testimonials means stakeholders must rely solely on internal reports or independent assessments to measure the organization's impact and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Red River Valley Rural Electric Association legitimate?
Red River Valley Rural Electric Association is a legitimate nonprofit organization registered as a 501(c)(12) entity. Red River Valley Rural Electric Association 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: $699,896
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,286,109
For more financial information, click here
Official website here: www.rrvrea.com
What is the mission statement of Red River Valley Rural Electric Association?
The Red River Valley Rural Electric Association operates on a cooperative basis to deliver electricity to its members. Its primary mission is to ensure a consistent power supply to the community it serves. The organization maintains an extensive network of distribution lines, totaling 2,816 miles, to cater to approximately 17,378 accounts. In addition to providing electricity, the association also returns capital credits to its members, amounting to $1,546,103 in 2022, and allocates net operating margins, totaling $2,467,095, to its members as well. The association's commitment to its members remains unwavering, ensuring a reliable and cooperative power solution for the community.
Official website here: www.rrvrea.com
Who is the CEO of Red River Valley Rural Electric Association?
Johnny Dewbre is the President of Red River Valley Rural Electric Association. The CEO's salary of Red River Valley Rural Electric Association is $198,760 and their total compensation is $454,368.
Official website here: www.rrvrea.com
What is the revenue of Red River Valley Rural Electric Association?
Red River Valley Rural Electric Association's revenue in 2022 was $52,731,380.
Official website here: www.rrvrea.com
Who are the executives of Red River Valley Rural Electric Association and what are their salaries?
The average compensation at Red River Valley Rural Electric Association during 2022 was $37,472. There are 53 employees at Red River Valley Rural Electric Association.
Here are 15 key members and their salaries (Red River Valley Rural Electric Association's CEO's salary is $198,760 and their total compensation is $454,368):
- Compensation: $198,760
- Related: $0
- Other: $255,608
- Compensation: $114,572
- Related: $0
- Other: $93,700
- Compensation: $132,072
- Related: $0
- Other: $54,581
- Compensation: $101,701
- Related: $0
- Other: $77,972
- Compensation: $118,437
- Related: $0
- Other: $22,068
- Compensation: $121,513
- Related: $0
- Other: $2,214
- Compensation: $36,949
- Related: $0
- Other: $0
- Compensation: $33,103
- Related: $0
- Other: $0
- Compensation: $33,060
- Related: $0
- Other: $0
- Compensation: $27,281
- Related: $0
- Other: $0
- Compensation: $27,264
- Related: $0
- Other: $0
- Compensation: $19,050
- Related: $0
- Other: $0
- Compensation: $13,936
- Related: $0
- Other: $0
- Compensation: $13,585
- Related: $0
- Other: $0
- Compensation: $12,420
- Related: $0
- Other: $0
Official website here: www.rrvrea.com
Where can I find the form 990 for Red River Valley Rural Electric Association?
Red River Valley Rural Electric Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rrvrea.com
Learn more at the official website: www.rrvrea.com
Mission Statement of Red River Valley Rural Electric Association
Red River Valley Rural Electric Association, or REA, is a mission-driven cooperative that prioritizes the provision of electricity to its member base in a cooperative manner. Located in Oklahoma, REA spans over five counties and operates a network of 2,816 miles of distribution lines, serving a total of 17,378 accounts.
At the heart of REA's activities lies its commitment to delivering electricity to its members on a cooperative basis. This commitment is reflected in the organization's mission statement, which emphasizes the cooperative nature of its operations. By providing electricity in a cooperative fashion, REA empowers its members to participate in the organization's decision-making process and share in the financial success of the cooperative through capital credits and net operating margins.
In 2022, REA returned a significant amount of capital credits totaling $1,546,103 and allocated $2,467,095 in net operating margins to its members. These financial returns underscore the cooperative nature of REA's operations and its commitment to returning value to its members. Through its dedication to providing electricity on a cooperative basis, Red River Valley Rural Electric Association continues to make a positive impact on the lives of its members and strengthen the communities it serves.
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Impact
October, 2024
Red River Valley Rural Electric Association plays a vital role in providing reliable electricity to its members in southern Oklahoma. With a vast 2,816 miles of distribution lines, the organization ensures that 17,378 accounts have access to essential power services, enhancing the quality of life for many communities across five counties.
In addition to delivering electricity, the association offers significant financial benefits to its members. In 2022 alone, capital credits totaled $1,546,103, returning valuable resources back to the community. Furthermore, net operating margins allocated to members were $2,467,095, reinforcing the cooperative's commitment to its members by redistributing earnings to support local needs.
Through these efforts, Red River Valley Rural Electric Association not only supplies electricity but also contributes to the economic well-being and stability of the region, embodying a strong public benefit for its member communities.
This information is meant to be a general summary of Red River Valley Rural Electric Association. 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: $99,160
- Program Service Revenue: $52,537,084
- Gross Receipts: $52,806,094
Assets and Liabilities:
- Total Assets: $91,522,543
- Total Liabilities: $49,352,522
- Net Assets: $42,170,021
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Electricity Sales
Revenue
$51,562,957
Patronage Dividends
Revenue
$974,127
Organization Details
Founding Year
1937
Phone
(580) 276-3364Principal Officer
Johnny Dewbre
Main Address
PO Box 220, Marietta, OK, 73448
Website
www.rrvrea.comNTEE Category
Code: W80 - Public benefit
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