4 Rivers Electric Cooperative Inc

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

EIN: 833492758 ✦ Lebo, KS ✦ Designated as a 501(c)(12)

Overview

What is 4 Rivers Electric Cooperative Inc?

4 Rivers Electric Cooperative Inc is a not-for-profit electricity provider based in Lebo, Kansas. Established in 2020 through the merger of Lyon-Coffey Electric Cooperative and Radiant Electric Cooperative, the cooperative now caters to over 12,000 metering points across 16 counties in East Central Kansas. As a member-owned organization, 4 Rivers Electric Cooperative is dedicated to delivering electric power while prioritizing member care. Their mission encompasses providing essential electricity services to enhance the daily lives of their community members.


Official website here: www.4riverselectric.com/

Is 4 Rivers Electric Cooperative Inc legitimate?

4 Rivers Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. 4 Rivers 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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $977,050
Professional Fundraising Fees: $0
Other Salaries and Wages: $766,805

For more financial information, click here


Official website here: www.4riverselectric.com/

What is the mission statement of 4 Rivers Electric Cooperative Inc?

4 Rivers Electric Cooperative is a member-owned organization dedicated to providing electricity services to its community. Formed through the consolidation of two previous cooperatives in 2020, the cooperative now serves over 12,000 meters across 16 counties in East Central Kansas. In their commitment to their members, they deliver electric power with care. The cooperative's mission goes beyond supplying electricity; it is about serving its community with dedication and diligence. Through their electricity services, they contribute to the daily lives and well-being of their members, ensuring their essential energy needs are met.


Official website here: www.4riverselectric.com/

Who is the CEO of 4 Rivers Electric Cooperative Inc?

Dennis Svanes is the Ceo of 4 Rivers Electric Cooperative Inc. The CEO's salary of 4 Rivers Electric Cooperative Inc is $286,585 and their total compensation is $392,337.


Official website here: www.4riverselectric.com/

What is the revenue of 4 Rivers Electric Cooperative Inc?

4 Rivers Electric Cooperative Inc's revenue in 2022 was $28,211,399.


Official website here: www.4riverselectric.com/

Who are the executives of 4 Rivers Electric Cooperative Inc and what are their salaries?

The average compensation at 4 Rivers Electric Cooperative Inc during 2022 was $34,877. There are 50 employees at 4 Rivers Electric Cooperative Inc.

Here are 18 key members and their salaries (4 Rivers Electric Cooperative Inc's CEO's salary is $286,585 and their total compensation is $392,337):

    Mark Doebele (Coo)
  • Compensation: $181,688
  • Related: $0
  • Other: $282,766

    • Dennis Svanes (Ceo)
  • Compensation: $286,585
  • Related: $0
  • Other: $105,752

    • Roger Cole (Cfo)
  • Compensation: $158,944
  • Related: $0
  • Other: $104,392

    • Kenneth Caudell (It Manager)
  • Compensation: $134,469
  • Related: $0
  • Other: $80,823

    • Robert Harkrader (Trustee)
  • Compensation: $6,600
  • Related: $0
  • Other: $0

    • A Eugene Huston (Secretary) [Trustee/Director]
  • Compensation: $6,150
  • Related: $0
  • Other: $0

    • Sandra Smith (Trustee)
  • Compensation: $5,100
  • Related: $0
  • Other: $0

    • Larry Felts (Treasurer) [Trustee/Director]
  • Compensation: $4,150
  • Related: $0
  • Other: $0

    • Warren Schmidt (Trustee)
  • Compensation: $3,950
  • Related: $0
  • Other: $0

    • David Kunkel (Trustee)
  • Compensation: $3,850
  • Related: $0
  • Other: $0

    • Tom Ayers (Trustee)
  • Compensation: $3,750
  • Related: $0
  • Other: $0

    • Nick Frankenbery (Trustee)
  • Compensation: $3,750
  • Related: $0
  • Other: $0

    • Randall Bunnel (Trustee)
  • Compensation: $3,550
  • Related: $0
  • Other: $0

    • Stacy Heins (Trustee)
  • Compensation: $3,350
  • Related: $0
  • Other: $0

    • Michael Springer (President) [Trustee/Director]
  • Compensation: $3,150
  • Related: $0
  • Other: $0

    • Robert Converse (Vice President) [Trustee/Director]
  • Compensation: $3,150
  • Related: $0
  • Other: $0

    • Loren Dickens Jr (Trustee - Begin 04/2022)
  • Compensation: $3,150
  • Related: $0
  • Other: $0

    • Carol Wehmeyer (Trustee)
  • Compensation: $1,300
  • Related: $0
  • Other: $0


  • Official website here: www.4riverselectric.com/

    Where can I find the form 990 for 4 Rivers Electric Cooperative Inc?

    The 4 Rivers Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.4riverselectric.com/

    Learn more at the official website: www.4riverselectric.com/

    Mission Statement of 4 Rivers Electric Cooperative Inc

    4 Rivers Electric Cooperative, a member-owned organization founded in 2020, is dedicated to providing electricity service to its members. The cooperative came into existence through the consolidation of Lyon-Coffey Electric Cooperative, Inc., and Radiant Electric Cooperative, Inc. With a commitment to serving its community, 4 Rivers Electric Cooperative now delivers power to over 12,000 meters across sixteen counties in East Central Kansas.

    At the heart of its mission, 4 Rivers Electric Cooperative prioritizes care for its members. As a member-owned organization, it operates with the understanding that every connection to the electrical grid is essential. The cooperative's team works diligently to ensure a reliable supply of electricity, empowering its members to lead fulfilling lives in their communities.

    4 Rivers Electric Cooperative's origins trace back to 2020, when Lyon-Coffee Electric Cooperative, Inc., and Radiant Electric Cooperative, Inc., joined forces to form a stronger, more unified entity. This merger enabled the organization to broaden its reach and serve more households and businesses in East Central Kansas. Now, from its base in Lebo, KS, 4 Rivers Electric Cooperative powers the lives of thousands of members, keeping their homes and businesses connected to the world through a dependable and consistent power supply.

    Impact

    This information is meant to be a general summary of 4 Rivers Electric Cooperative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    4 Rivers Electric Cooperative Inc's impact is significant in providing reliable electricity service to its members in East Central Kansas. Through the consolidation of Lyon-Coffey Electric Cooperative, Inc. and Radiant Electric Cooperative, Inc. in 2020, the cooperative now delivers electric power to 12,492 meters across 16 counties. This ensures that households and businesses in the region have access to essential electricity services, contributing to their daily lives and economic activities. The cooperative's member-owned structure also emphasizes a commitment to serving its members with care, further highlighting its positive impact on the community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $75,258
  • Program Service Revenue: $28,091,627
  • Gross Receipts: $28,279,554

    • Assets and Liabilities:
  • Total Assets: $78,628,848
  • Total Liabilities: $39,965,402
  • Net Assets: $38,663,446
  • Programs

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

    SALE OF ELECTRICITY

    Revenue

    $27,610,450

    CAPITAL CREDITS

    Revenue

    $286,872

    OTHER OPERATING REVENUE

    Revenue

    $153,526

    RENTAL OF ELECTRIC PROPERTY

    Revenue

    $40,779

    Organization Details

    Founding Year

    2020

    Principal Officer

    Dennis Svanes

    Main Address

    2731 MILO TER, LEBO, KS, 66856

    NTEE Category

    Code: Y99 - Mutual benefit

    If you are a representative of 4 Rivers Electric Cooperative Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.