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
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 not tax deductible.
Here 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
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):
- Jeff Simpson (Ceo)
- Barry Holt (Mgr Of Mbr R)
- Mike Wolfe (Mgr Of Opera)
- Robert Reid (Mgr Of It &)
- Dan Lambert (Trustee)
- Don Proctor (Secretary) [Trustee/Director]
- Don Ellis (Trustee)
- Dan White (Trustee)
- Carl Brockriede (Trustee)
- Dan Elsener (Vice Preside) [Trustee/Director]
- Ronnie Swan (President) [Trustee/Director]
Official website here: www.swre.com
Where can I find the form 990 for Southwest Rural Electric Assoc Inc?
The 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.
Impact
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.
Thursday, August 15, 2024
Southwest Rural Electric Association Inc's impact is centered on providing electricity to its members on a cooperative basis. At year-end, the organization provided electricity to 7,689 active services, ensuring that these individuals and businesses had access to essential energy services. By operating on a cooperative basis and allocating patronage capital, Southwest Rural Electric Association Inc helps support its members and the community by ensuring reliable and affordable electricity supply. Through its mission to provide electricity on a cooperative basis, Southwest Rural Electric Association Inc contributes to the well-being and development of the Tipton, OK area, fulfilling a crucial public benefit.
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.
- Assets and Liabilities:
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) 667-5281
Principal Officer
Jeff Simpson
Main Address
P O BOX 310, TIPTON, OK, 73570
Website
www.swre.com
NTEE Category
Code: W80 - Public benefit
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