Overview
What is Medina Electric Cooperative Inc?
Medina Electric Cooperative Inc is a Texas-based nonprofit organization dedicated to delivering quality and reliable electric services to over 16,500 members within a 12,000 square-mile region. With over 30,500 meter connections, Medina EC ensures the provision of electricity to a vast community. Their mission is centered around enhancing the lives of their members by offering dependable electric services.
Official website here: www.medinaec.org
What are the reviews and ratings of this charity?
Medina Electric Cooperative Inc is currently not rated by Charity Navigator. This absence of rating is largely due to its status as a non-501(c)(3) organization, which excludes it from the typical evaluation criteria used by Charity Navigator, focusing primarily on 501(c)(3) nonprofits.
The organization cannot be assessed using Charity Navigator's standard methodologies for Accountability & Finance, Impact & Measurement, Culture & Community, or Leadership & Adaptability because it does not fit the required IRS registration. This means that stakeholders need to seek alternative methods of evaluation to gauge the initiative's effectiveness, as key financial data such as revenue, expenses, and the salaries of key persons are not available.
The lack of a Charity Navigator rating should not be interpreted as an indicator of either quality or ineffectiveness. Since no user reviews are available from GreatNonprofits, further insights into the organization's public perception or operation benefits are unavailable. Thus, opinions on the organization's community impact or organizational trustworthiness remain speculative without additional feedback or information from other sources.
This AI summary has been generated from information found on Charity Navigator.
Is Medina Electric Cooperative Inc legitimate?
Medina Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Medina 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: $1,788,567
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,044,050
For more financial information, click here
Official website here: www.medinaec.org
What is the mission statement of Medina Electric Cooperative Inc?
Medina Electric Cooperative Inc is dedicated to delivering quality and reliable electric service to its cooperative members. Serving over 16,500 members with over 30,500 meter connections, the cooperative ensures electricity coverage across a vast region. Its primary goal is to keep the power flowing consistently, enhancing the daily lives of its members. With a focus on dependability and excellence, Medina Electric Cooperative Inc strives to maintain a strong electrical infrastructure and address the ever-changing needs of its community.
Official website here: www.medinaec.org
Who is the CEO of Medina Electric Cooperative Inc?
Herbert Grebe Iii is the Director of Medina Electric Cooperative Inc. The CEO's salary of Medina Electric Cooperative Inc is $55,936 and their total compensation is $56,104.
Official website here: www.medinaec.org
What is the revenue of Medina Electric Cooperative Inc?
Medina Electric Cooperative Inc's revenue in 2022 was $157,652,712.
Official website here: www.medinaec.org
Who are the executives of Medina Electric Cooperative Inc and what are their salaries?
The average compensation at Medina Electric Cooperative Inc during 2022 was $62,232. There are 158 employees at Medina Electric Cooperative Inc.
Here are 23 key members and their salaries (Medina Electric Cooperative Inc's CEO's salary is $55,936 and their total compensation is $56,104):
- Compensation: $17,700
- Related: $0
- Other: $0
- Compensation: $15,700
- Related: $0
- Other: $0
- Compensation: $18,950
- Related: $0
- Other: $0
- Compensation: $14,300
- Related: $0
- Other: $0
- Compensation: $15,900
- Related: $0
- Other: $0
- Compensation: $15,700
- Related: $0
- Other: $0
- Compensation: $12,450
- Related: $0
- Other: $0
- Compensation: $15,950
- Related: $0
- Other: $0
- Compensation: $9,500
- Related: $0
- Other: $0
- Compensation: $2,900
- Related: $0
- Other: $0
- Compensation: $55,936
- Related: $0
- Other: $168
- Compensation: $237,563
- Related: $0
- Other: $104,807
- Compensation: $157,135
- Related: $0
- Other: $63,146
- Compensation: $47,905
- Related: $0
- Other: $168
- Compensation: $129,444
- Related: $0
- Other: $100,355
- Compensation: $138,260
- Related: $0
- Other: $127,112
- Compensation: $140,331
- Related: $0
- Other: $112,759
- Compensation: $139,926
- Related: $0
- Other: $94,502
- Compensation: $125,911
- Related: $0
- Other: $52,990
- Compensation: $118,305
- Related: $0
- Other: $43,203
- Compensation: $120,848
- Related: $0
- Other: $60,496
- Compensation: $113,634
- Related: $0
- Other: $99,231
- Compensation: $113,404
- Related: $0
- Other: $128,691
Official website here: www.medinaec.org
Where can I find the form 990 for Medina Electric Cooperative Inc?
Medina Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.medinaec.org
Learn more at the official website: www.medinaec.org
Mission Statement of Medina Electric Cooperative Inc
Medina Electric Cooperative Inc, a leading electric service provider, is dedicated to delivering quality and reliable electricity to its over 16,500 members across a vast 12,000 square-mile region in Texas. With more than 30,500 meter connections, this cooperative goes beyond just supplying power; it ensures a consistent electric supply for homes and businesses, enhancing the daily lives of its community members.
Established with a mission to provide electric service, Medina Electric Cooperative Inc has become an essential partner in the lives of its members. Its commitment to excellence is reflected in its unwavering efforts to maintain a robust and efficient electric infrastructure. The cooperative's operations are not limited to supplying electricity; it also seeks to foster a sense of community and collaboration among its members. By providing them with a dependable power source, Medina Electric Cooperative Inc enables its members to thrive and grow in various aspects of their lives.
In summary, Medina Electric Cooperative Inc is more than just an electric service provider—it is a vital partner in the lives of its members. Its mission to provide quality and reliable electric service is the cornerstone of its commitment to enhancing the daily lives of the communities it serves. With a focus on consistency and reliability, Medina Electric Cooperative Inc has established itself as a trusted partner and a source of stability for its members in Texas.
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Impact
October, 2024
Medina Electric Cooperative Inc plays a crucial role in delivering quality and reliable electric service to over 16,500 members across a vast 12,000 square-mile region in Texas. With more than 30,500 meter connections, the cooperative ensures that its members have access to consistent and dependable electricity, which is vital for both residential and commercial needs.
By providing essential services, Medina EC contributes to the economic stability and growth of the communities it serves, empowering residents and businesses alike. The cooperative's commitment to quality service enhances the overall quality of life for its members, supporting activities such as education, healthcare, and local enterprises. Additionally, Medina EC's operations and initiatives have a positive impact on community engagement and sustainability, fostering a sense of belonging and collaboration among its members.
This information is meant to be a general summary of Medina 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: -$3,133,573
- Program Service Revenue: $160,568,424
- Gross Receipts: $161,754,655
Assets and Liabilities:
- Total Assets: $298,551,439
- Total Liabilities: $170,557,958
- Net Assets: $127,993,481
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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
$155,836,409
PATRONAGE DIVIDENDS
Revenue
$4,307,263
SERVICE FEES
Revenue
$399,144
OTHER PROGRAM REVENUE
Revenue
$16,934
ELECTRIC WHEELING
Revenue
$8,674
Organization Details
Founding Year
1938
Phone
(866) 632-3532Principal Officer
Herbert Grebe Iii
Main Address
PO BOX 370, HONDO, TX, 78861
Website
www.medinaec.orgNTEE Category
Code: W80 - Public benefit
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