Overview
What is Morgan County Rural Electric Association?
Morgan County Rural Electric Association is a Colorado-based cooperative that delivers and sells electric energy on a retail basis to the rural communities of six counties. With a team of 40 employees, they ensure power supply to 9,265 meters and have sold a significant amount of energy to their member-owners. Their mission is to bring electric power to rural areas, making a substantial difference in the lives of the communities they serve.
Official website here: www.mcrea.org
What are the reviews and ratings of this charity?
Morgan County Rural Electric Association is not currently rated by Charity Navigator. This is because Charity Navigator ratings are specifically for 501(c)(3) organizations, which this association is not. Being an independent organization, it does not meet the criteria for evaluations based on their core methodologies, such as Accountability & Finance, Impact & Measurement, or Leadership & Adaptability.
The lack of a rating on Charity Navigator should not be interpreted as a negative reflection. Instead, it highlights that the organization does not align with the typical nonprofit structure evaluated by the website. Historical evaluations have not considered elements like Leadership & Adaptability, limiting the depth of insight offered previously.
Since there are no user reviews on GreatNonprofits, public sentiment or firsthand experiences are unavailable to further elaborate on the organization's impact or reputation. Without these ratings or reviews, the general public lacks detailed third-party insights into its operations or effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Morgan County Rural Electric Association legitimate?
Morgan County Rural Electric Association is a legitimate nonprofit organization registered as a 501(c)(12) entity. Morgan County Rural Electric Association 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: $793,019
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,362,217
For more financial information, click here
Official website here: www.mcrea.org
What is the mission statement of Morgan County Rural Electric Association?
Morgan County Rural Electric Association is a cooperative that focuses on distributing and retailing electric energy in rural areas of six counties in Colorado. Their primary goal is to ensure the delivery of electricity to their member-owners. The cooperative has successfully provided electrical power to 9265 meters and sold a substantial amount of energy, totaling 382,390,732 kWh. By offering reliable electric energy, Morgan County Rural Electric Association enhances the daily lives of the residents in the rural communities it serves.
Official website here: www.mcrea.org
What is the revenue of Morgan County Rural Electric Association?
Morgan County Rural Electric Association's revenue in 2023 was $45,406,447.
Official website here: www.mcrea.org
Who are the executives of Morgan County Rural Electric Association and what are their salaries?
The average compensation at Morgan County Rural Electric Association during 2023 was $106,545. There are 39 employees at Morgan County Rural Electric Association.
Here are 17 key members and their salaries:
- Compensation: $34,651
- Related: $0
- Other: $0
- Compensation: $25,424
- Related: $0
- Other: $0
- Compensation: $31,251
- Related: $0
- Other: $0
- Compensation: $34,033
- Related: $0
- Other: $0
- Compensation: $18,232
- Related: $0
- Other: $0
- Compensation: $34,651
- Related: $0
- Other: $0
- Compensation: $226,803
- Related: $0
- Other: $93,890
- Compensation: $154,471
- Related: $0
- Other: $69,522
- Compensation: $143,485
- Related: $0
- Other: $67,047
- Compensation: $142,640
- Related: $0
- Other: $58,079
- Compensation: $133,366
- Related: $0
- Other: $60,862
- Compensation: $114,290
- Related: $0
- Other: $57,896
- Compensation: $31,151
- Related: $0
- Other: $0
- Compensation: $31,151
- Related: $0
- Other: $0
- Compensation: $18,632
- Related: $0
- Other: $0
- Compensation: $2,600
- Related: $0
- Other: $0
- Compensation: $113,928
- Related: $0
- Other: $39,900
Official website here: www.mcrea.org
Where can I find the form 990 for Morgan County Rural Electric Association?
Morgan County Rural Electric Association's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mcrea.org
Learn more at the official website: www.mcrea.org
Mission Statement of Morgan County Rural Electric Association
Morgan County Rural Electric Association, a cooperative based in Colorado, is dedicated to bringing essential electric energy to the rural communities of six counties in the state. By retailing and distributing electric power, this organization has become an indispensable source of energy for over 9,265 meters.
In the mission to serve, Morgan County Rural Electric Association has provided and sold a colossal amount of 382,390,732 kWh of electricity to its member-owners. This commitment to providing reliable electric energy enables residents and businesses in rural areas to thrive and live comfortably. With a focus on community and sustainability, Morgan County Rural Electric Association plays a vital role in ensuring that the essential energy needs of rural communities are met.
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Impact
October, 2024
Morgan County Rural Electric Association plays a vital role in powering rural communities across six counties in Colorado. By providing distribution and retail sales of electric energy, the cooperative serves 9,265 meters, delivering an impressive 382,390,732 kWh to its member-owners. This significant energy provision not only supports households but also fosters economic growth and development in these areas. The cooperative's commitment to reliable electricity contributes to the overall quality of life for residents, enhancing public benefit and ensuring that rural communities have access to essential services and modern conveniences.
This information is meant to be a general summary of Morgan County Rural Electric Association. 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: $698,990
- Program Service Revenue: $44,633,664
- Gross Receipts: $45,499,661
Assets and Liabilities:
- Total Assets: $110,605,529
- Total Liabilities: $60,756,879
- Net Assets: $49,848,650
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Utilities
Revenue
$43,796,054
Utilities
Revenue
$172,003
Utilities
Revenue
$665,607
Program 4
Revenue
$0
Program 5
Revenue
$0
Organization Details
Founding Year
1937
Principal Officer
David Frick
Website
www.mcrea.orgNTEE Category
Code: W80 - Public benefit
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