Riverside Electric Company

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 820159335 ✦ Rupert, ID ✦ Designated as a 501(c)(12)

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Overview

What is Riverside Electric Company?

Riverside Electric Company is a nonprofit organization situated in Rupert, Idaho. With a small workforce of three individuals, their primary mission is to provide essential electric services to over 500 rural residents. By offering this vital service, they significantly contribute to the well-being and livelihoods of their community members. Although the information provided does not detail any additional programs, resources, or advocacy initiatives, Riverside Electric Company's core mission of rural electric service provision plays a crucial role in ensuring basic necessities for its patrons.

Is Riverside Electric Company legitimate?

Riverside Electric Company is a legitimate nonprofit organization registered as a 501(c)(12) entity. Riverside Electric Company 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: $126,051
Professional Fundraising Fees: $0
Other Salaries and Wages: $211,817

For more financial information, click here

What is the mission statement of Riverside Electric Company?

Riverside Electric Company is committed to providing essential electric services to over 500 rural patrons. Their mission is centered around ensuring reliable and continuous power supply to these communities. By offering this service, they contribute to the improvement of daily living standards and support the economic development of rural areas. The company's primary objective is to deliver high-quality electric service that meets the unique needs of its clientele, thereby fostering a sense of community and empowerment.

Who is the CEO of Riverside Electric Company?

Chad Surrage is the Secretary of Riverside Electric Company.

What is the revenue of Riverside Electric Company?

Riverside Electric Company's revenue in 2023 was $1,133,029.

Who are the executives of Riverside Electric Company and what are their salaries?

The average compensation at Riverside Electric Company during 2023 was $112,623. There are 3 employees at Riverside Electric Company.


Here are 7 key members and their salaries:


Chad Surrage (Secretary)
  • Compensation: $119,811
  • Related: $0
  • Other: $0
Leonard Barendregt (Director)
  • Compensation: $1,120
  • Related: $0
  • Other: $0
Jerry Buerkle (Director)
  • Compensation: $1,120
  • Related: $0
  • Other: $0
Bob Studer (Director)
  • Compensation: $1,120
  • Related: $0
  • Other: $0
Dick Byce (Director)
  • Compensation: $1,040
  • Related: $0
  • Other: $0
Kenneth Bailey (Director)
  • Compensation: $960
  • Related: $0
  • Other: $0
Mike O'Donnell (Director)
  • Compensation: $880
  • Related: $0
  • Other: $0
Where can I find the form 990 for Riverside Electric Company?

Riverside Electric Company's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Riverside Electric Company

Riverside Electric Company, as stated in its mission, is committed to providing essential electric services to over 500 rural patrons. This mission is carried out through a dedicated approach that ensures reliable and consistent power supply to its clientele, situated in rural areas. The company's primary objective is to bridge the energy gap in these remote regions, thereby enhancing the quality of life for its customers. By offering rural electric service, Riverside Electric Company contributes significantly to the development and sustainability of these communities.

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Impact




October, 2024

Riverside Electric Company significantly impacts the rural community in Rupert, Idaho, by providing reliable electric service to over 500 patrons. This essential service enhances the quality of life for residents, supporting both everyday needs and economic activities. By ensuring access to electricity, the company plays a crucial role in fostering community growth and development. The availability of reliable power creates opportunities for local businesses, improves education through enhanced access to technology, and supports essential services that enhance public welfare. Through its mission, Riverside Electric Company not only meets immediate energy needs but also contributes to the overall resilience and sustainability of the rural community it serves.




This information is meant to be a general summary of Riverside Electric Company. 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.

Revenue
$1,133,029 (2023)
Expenses
$940,899 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $8,252
  • Program Service Revenue: $1,018,012
  • Gross Receipts: $1,133,029

Assets and Liabilities:

  • Total Assets: $2,053,799
  • Total Liabilities: $117,677
  • Net Assets: $1,936,122

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RES. & COMMERCIAL ENER

Revenue

$1,351,608

IRRIGATION ENERGY SALE

Revenue

$423,015

COST OF ENERGY

Revenue

-$756,611

Organization Details

Founding Year

1918

Principal Officer

Chad Surrage

Main Address

PO BOX 12, RUPERT, ID, 833500012

NTEE Category

Code: W80 - Public benefit

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