Overview
What is Southwest Rural Electric Assoc Inc?
Southwest Rural Electric Assoc Inc is a nonprofit organization headquartered in Tipton, Oklahoma. With a team of 37 employees, their primary mission is to provide electricity to their cooperative members. In 2021, they successfully supplied electricity to 7,689 active services. The organization operates on a cooperative basis, meaning members are actively involved in the decision-making process. Their allocation of patronage capital to their members is a unique aspect of their operations.
Official website here: www.swre.com
What are the reviews and ratings of this charity?
Southwest Rural Electric Assoc Inc is not currently rated by Charity Navigator. This absence of rating is neutral and does not imply any positive or negative stance. The organization requires specific beacons, such as Accountability & Finance or Impact & Measurement, to be eligible for a Charity Navigator rating.
The organization is not a 501(c)(3) IRS registered nonprofit, which limits its evaluation through various methodologies like Impact & Measurement or Leadership & Adaptability. Historic ratings focused primarily on Accountability and Finance, though this data is currently unavailable for the Southwest Rural Electric Assoc Inc.
No user reviews are available on GreatNonprofits to provide further insight into community feedback for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Southwest Rural Electric Assoc Inc legitimate?
Southwest Rural Electric Assoc Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Southwest Rural Electric Assoc 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: $520,588
Professional Fundraising Fees: $0
Other Salaries and Wages: $742,176
For more financial information, click here
Official website here: www.swre.com
What is the mission statement of Southwest Rural Electric Assoc Inc?
Southwest Rural Electric Assoc Inc is dedicated to providing electricity to its members on a cooperative basis. This mission statement reflects the organization's commitment to serving its community by ensuring access to essential electrical services. With over 7,689 active services at the year-end, Southwest Rural Electric Assoc Inc successfully allocated patronage capital to its members, further strengthening the cooperative's cooperative nature. By focusing on cooperative electricity provision, the organization continues to prioritize the electrical needs of its members.
Official website here: www.swre.com
Who is the CEO of Southwest Rural Electric Assoc Inc?
Jeff Simpson is the Ceo of Southwest Rural Electric Assoc Inc. The CEO's salary of Southwest Rural Electric Assoc Inc is $194,143 and their total compensation is $328,883.
Official website here: www.swre.com
What is the revenue of Southwest Rural Electric Assoc Inc?
Southwest Rural Electric Assoc Inc's revenue in 2022 was $23,965,887.
Official website here: www.swre.com
Who are the executives of Southwest Rural Electric Assoc Inc and what are their salaries?
The average compensation at Southwest Rural Electric Assoc Inc during 2022 was $34,129. There are 37 employees at Southwest Rural Electric Assoc Inc.
Here are 11 key members and their salaries (Southwest Rural Electric Assoc Inc's CEO's salary is $194,143 and their total compensation is $328,883):
- Compensation: $194,143
- Related: $0
- Other: $134,740
- Compensation: $107,520
- Related: $0
- Other: $117,518
- Compensation: $125,652
- Related: $0
- Other: $99,107
- Compensation: $113,352
- Related: $0
- Other: $77,964
- Compensation: $39,596
- Related: $0
- Other: $0
- Compensation: $33,719
- Related: $0
- Other: $0
- Compensation: $28,129
- Related: $0
- Other: $0
- Compensation: $26,901
- Related: $0
- Other: $0
- Compensation: $24,164
- Related: $0
- Other: $0
- Compensation: $23,187
- Related: $0
- Other: $0
- Compensation: $16,008
- Related: $0
- Other: $0
Official website here: www.swre.com
Where can I find the form 990 for Southwest Rural Electric Assoc Inc?
Southwest Rural Electric Assoc Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.swre.com
Learn more at the official website: www.swre.com
Mission Statement of Southwest Rural Electric Assoc Inc
Southwest Rural Electric Assoc Inc, a cooperative organization, is dedicated to supplying electricity to its members. The group's primary goal is to establish a power supply network where members can access electricity on a cooperative basis. In the fiscal year-end report, there were 7,689 active services that received electricity through the cooperative. The organization also allocated patronage capital to its members.
In simpler terms, Southwest Rural Electric Assoc Inc is more than just an electricity provider; it is a cooperative that exists to ensure its members have dependable access to power. By operating on a cooperative basis, the organization fosters a sense of community among its members while delivering a vital resource. This unique approach allows the cooperative to serve as a trusted partner to those it powers, ensuring that they have the electricity necessary to lead comfortable and efficient lives.
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Impact
October, 2024
Southwest Rural Electric Association Inc plays a vital role in delivering electricity to its members in a cooperative manner, ensuring that 7,689 active services receive reliable power. By allocating patronage capital, the organization emphasizes its commitment to serving the community rather than generating profit, which ultimately benefits the members it serves. Based in Tipton, Oklahoma, the association's mission is centered around providing essential electrical services while fostering a sense of community and support among its members. The impact of their operations extends beyond mere electricity provision, as they contribute to the overall quality of life in the region by facilitating access to power for homes and businesses. This cooperative approach highlights a dedication to public benefit and promotes sustainable energy practices within the community.
This information is meant to be a general summary of Southwest Rural Electric Assoc 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: $140,478
- Program Service Revenue: $23,560,062
- Gross Receipts: $24,552,433
Assets and Liabilities:
- Total Assets: $77,319,715
- Total Liabilities: $43,869,927
- Net Assets: $33,449,788
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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
$22,976,919
PATRONAGE DIVIDENDS
Revenue
$509,457
SERVICE REVENUE
Revenue
$73,686
Organization Details
Founding Year
1938
Phone
(580) 667-5281Principal Officer
Jeff Simpson
Main Address
P O BOX 310, TIPTON, OK, 73570
Website
www.swre.comNTEE Category
Code: W80 - Public benefit
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