Overview
What is Rural Electric Cooperative Inc?
Rural Electric Cooperative Inc is a nonprofit organization dedicated to delivering electric power to its members at affordable costs. They operate on a cooperative basis, ensuring that their mission aligns with the needs and interests of their community. The organization's primary goal is to provide essential electric power to its members, fostering a strong sense of collaboration and mutual support within the cooperative.
Official website here: www.recok.coop
What do the Facebook reviews say about Rural Electric Cooperative Inc?
90% of 16 reviewers on Facebook recommend Rural Electric Cooperative Inc. Here is a summary of their reviews:
Many users express appreciation for the cooperative's efficiency in restoring power, highlighting the hard work of the team. They recognize the organization's dedication and commitment to providing reliable service, leading to a positive sentiment overall.
Customers feel reassured by the cooperative’s prompt responses and effective communication during outages, suggesting that they can depend on Rural Electric Cooperative for their energy needs. Overall, this nonprofit appears to deliver well on its promises, fostering a sense of trust and satisfaction among its members.
This AI summary has been generated from reviews found on Facebook.
Is Rural Electric Cooperative Inc legitimate?
Rural Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Rural 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: $931,245
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,794,486
For more financial information, click here
Official website here: www.recok.coop
What is the mission statement of Rural Electric Cooperative Inc?
Rural Electric Cooperative is dedicated to delivering electric power to its members at an affordable cost. The cooperative operates on a collective basis, ensuring that the benefits of electricity are accessible to all its members. Its mission is to provide a reliable and cost-effective electric power supply, enabling communities to thrive and grow. The cooperative's commitment to its members extends beyond just electricity, as it seeks to foster strong community connections and contribute to the overall well-being of the areas it serves. Through its cooperative structure, Rural Electric Cooperative creates a sense of unity and shared responsibility among its members, ensuring that everyone has access to the essential electricity they need to live and work comfortably.
Official website here: www.recok.coop
Who is the CEO of Rural Electric Cooperative Inc?
Freddy Ricks is the Ceo of Rural Electric Cooperative Inc. The CEO's salary of Rural Electric Cooperative Inc is $231,832 and their total compensation is $322,633.
Official website here: www.recok.coop
What is the revenue of Rural Electric Cooperative Inc?
Rural Electric Cooperative Inc's revenue in 2022 was $58,095,572.
Official website here: www.recok.coop
Who are the executives of Rural Electric Cooperative Inc and what are their salaries?
The average compensation at Rural Electric Cooperative Inc during 2022 was $63,148. There are 59 employees at Rural Electric Cooperative Inc.
Here are 16 key members and their salaries (Rural Electric Cooperative Inc's CEO's salary is $231,832 and their total compensation is $322,633):
- Compensation: $20,839
- Related: $0
- Other: $0
- Compensation: $41,247
- Related: $0
- Other: $0
- Compensation: $44,534
- Related: $0
- Other: $0
- Compensation: $36,662
- Related: $0
- Other: $0
- Compensation: $21,992
- Related: $0
- Other: $0
- Compensation: $25,631
- Related: $0
- Other: $0
- Compensation: $36,195
- Related: $0
- Other: $0
- Compensation: $19,919
- Related: $0
- Other: $0
- Compensation: $41,587
- Related: $0
- Other: $0
- Compensation: $231,832
- Related: $0
- Other: $90,801
- Compensation: $190,312
- Related: $0
- Other: $129,694
- Compensation: $118,378
- Related: $0
- Other: $110,913
- Compensation: $115,860
- Related: $0
- Other: $94,369
- Compensation: $113,687
- Related: $0
- Other: $39,962
- Compensation: $112,066
- Related: $0
- Other: $108,937
- Compensation: $111,869
- Related: $0
- Other: $66,089
Official website here: www.recok.coop
Where can I find the form 990 for Rural Electric Cooperative Inc?
Rural Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.recok.coop
Learn more at the official website: www.recok.coop
Mission Statement of Rural Electric Cooperative Inc
Rural Electric Cooperative, a mission-driven organization, works tirelessly to bring the essential power of electricity to its members at an affordable cost. Committed to cooperative principles, this nonprofit goes beyond just providing electricity, offering its services in a collaborative and cost-effective way. The heart of Rural Electric Cooperative's mission lies in its dedication to powering homes and businesses while keeping costs low for its cooperative members.
By embracing the cooperative business model, Rural Electric Cooperative ensures that its members not only receive reliable electric power but also have a say in the organization's decision-making process. This unique approach fosters a sense of community and empowers members to actively participate in the provision of the essential service they rely on.
Fueled by its commitment to serving its members, Rural Electric Cooperative strives to deliver power at a cost that is accessible to all. This mission is a testament to the organization's dedication to providing a vital service and fostering a spirit of cooperation among its members.
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Impact
October, 2024
Rural Electric Cooperative Inc significantly impacts its community by providing access to electric power at cost, promoting affordability and sustainability for its members. Located in Lindsay, Oklahoma, this cooperative operates on a model that prioritizes the needs of its members, ensuring that they receive essential services without the profit-driven motives of traditional utility companies.
By focusing on a cooperative basis, the organization fosters a sense of community ownership and involvement, allowing members to have a say in the decision-making processes that affect their energy supply and services. This collaborative approach not only enhances the reliability of electric power in the area but also contributes to local economic stability.
Furthermore, Rural Electric Cooperative plays a crucial role in supporting rural development, as reliable electricity is foundational for modern agriculture, small businesses, and community initiatives. Their commitment to providing power at cost represents a significant public benefit, improving the quality of life for residents in Lindsay and surrounding areas.
This information is meant to be a general summary of Rural 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: $145,819
- Program Service Revenue: $57,909,082
- Gross Receipts: $58,067,936
Assets and Liabilities:
- Total Assets: $95,467,221
- Total Liabilities: $45,368,884
- Net Assets: $50,098,337
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES OF ELECTRICITY
Revenue
$56,298,868
PATRONAGE DIVIDENDS
Revenue
$1,093,627
SERVICE FEES
Revenue
$512,387
OTHER PROGRAM REVENUE
Revenue
$4,200
Organization Details
Founding Year
1938
Phone
(405) 756-3104Principal Officer
Freddy Ricks
Main Address
PO BOX 609, LINDSAY, OK, 73052
Website
www.recok.coopNTEE Category
Code: W80 - Public benefit
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