Overview
What is Mid Yellowstone Electric Co-Op Inc?
Mid Yellowstone Electric Co-Op Inc is a nonprofit organization based in Hysham, Montana. With a focus on rural areas, they provide electric service to approximately 739 members, serving around 2,040 meters. As a rural electric cooperative, their mission is to deliver a reliable source of electricity to their members in eastern Montana at the most affordable cost possible. The organization operates with a team of 12 dedicated employees, ensuring their members have a consistent power supply in their rural communities.
Official website here: www.myec.coop
Is Mid Yellowstone Electric Co-Op Inc legitimate?
Mid Yellowstone Electric Co-Op Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Mid Yellowstone Electric Co-Op 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: $340,092
Professional Fundraising Fees: $0
Other Salaries and Wages: $398,463
For more financial information, click here
Official website here: www.myec.coop
What is the mission statement of Mid Yellowstone Electric Co-Op Inc?
Mid Yellowstone Electric Co-Op Inc's mission is centered around providing a reliable source of electricity to its rural members at the lowest possible cost. Acting as a rural electric cooperative, it serves approximately 739 members in Montana, managing around 2040 meters. The cooperative's primary focus is on ensuring a consistent electricity supply in the rural area, prioritizing affordability for its members.
Official website here: www.myec.coop
What is the revenue of Mid Yellowstone Electric Co-Op Inc?
Mid Yellowstone Electric Co-Op Inc's revenue in 2023 was $3,867,096.
Official website here: www.myec.coop
Who are the executives of Mid Yellowstone Electric Co-Op Inc and what are their salaries?
The average compensation at Mid Yellowstone Electric Co-Op Inc during 2023 was $56,812. There are 13 employees at Mid Yellowstone Electric Co-Op Inc.
Here are 10 key members and their salaries:
- Compensation: $1,250
- Related: $0
- Other: $0
- Compensation: $5,000
- Related: $0
- Other: $0
- Compensation: $750
- Related: $0
- Other: $0
- Compensation: $3,250
- Related: $0
- Other: $0
- Compensation: $9,750
- Related: $0
- Other: $0
- Compensation: $5,500
- Related: $0
- Other: $0
- Compensation: $4,250
- Related: $0
- Other: $0
- Compensation: $4,500
- Related: $0
- Other: $0
- Compensation: $80,458
- Related: $0
- Other: $54,037
- Compensation: $108,735
- Related: $0
- Other: $62,612
Official website here: www.myec.coop
Where can I find the form 990 for Mid Yellowstone Electric Co-Op Inc?
Mid Yellowstone Electric Co-Op Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.myec.coop
Learn more at the official website: www.myec.coop
Mission Statement of Mid Yellowstone Electric Co-Op Inc
Mid Yellowstone Electric Co-Op Inc, as a rural electric cooperative, is committed to its mission of providing a dependable source of electricity to its rural area at the most affordable cost possible. This mission is aimed at serving approximately 739 members in rural Montana, catering to around 2040 meters. The cooperative's primary objective is to ensure a reliable electricity supply to its members, keeping the cost as low as feasible. This mission underscores Mid Yellowstone Electric Co-Op Inc's dedication to its community, ensuring that its rural residents have access to essential electric services.
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Impact
October, 2024
Mid Yellowstone Electric Co-Op Inc plays a crucial role in enhancing the quality of life for residents in rural eastern Montana by providing reliable electric power and services. Serving approximately 2,040 meters for about 739 members, the cooperative ensures that communities have access to essential electricity, which is vital for both residential and agricultural activities.
By focusing on delivering electricity at the lowest possible cost, Mid Yellowstone Electric Co-Op Inc contributes to economic stability in the region. Affordable energy fosters business growth, supports local farmers, and empowers families, ultimately enriching the community. The cooperative's commitment to reliability means that members can depend on a consistent power supply, which is critical for the various needs of rural living—from heating homes to powering essential equipment.
In summary, Mid Yellowstone Electric Co-Op Inc significantly impacts rural eastern Montana by promoting economic viability, enhancing the quality of life, and ensuring that members have a dependable source of electricity to support their daily needs.
This information is meant to be a general summary of Mid Yellowstone Electric Co-Op 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 2023.
- Investment Income: $11,916
- Program Service Revenue: $3,768,863
- Gross Receipts: $3,879,313
Assets and Liabilities:
- Total Assets: $10,459,514
- Total Liabilities: $3,195,076
- Net Assets: $7,264,438
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC SALES
Revenue
$3,768,863
Organization Details
Founding Year
1939
Principal Officer
Jason A Brothen
Website
www.myec.coopNTEE Category
Code: W80 - Public benefit
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