Overview
What is San Miguel Power Association Inc?
San Miguel Power Association Inc is a not-for-profit electrical cooperative headquartered in Nucla, Colorado. With a team of 61 dedicated employees, they provide electric power to approximately 10,761 members on a cooperative basis. The cooperative allocates patronage capital, enabling them to sell power at cost. Their mission encompasses delivering electricity to the community while maintaining a cooperative structure.
Official website here: www.smpa.com
What are the reviews and ratings of this charity?
San Miguel Power Association Inc is not currently rated by Charity Navigator primarily because it does not hold a 501(c)(3) IRS registration, required for standard evaluations. This absence of a rating does not suggest a definitive positive or negative reflection on the organization, but rather highlights limitations in certain assessment methodologies applicable only to eligible nonprofits.
Since San Miguel Power Association isn’t a 501(c)(3) entity, rating methodologies that consider Accountability & Finance, Impact & Measurement, Culture & Community, and Leadership & Adaptability aren't applicable. As such, data regarding the organization's revenue, expenses, and key personnel compensation is currently unavailable.
No user reviews have been found on GreatNonprofits, so public feedback specific to the nonprofit’s performance or impact isn't available at this time. This lack of ratings and reviews implies limited external assessment and feedback, which might challenge potential stakeholders seeking detailed insights into the organization’s operations and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is San Miguel Power Association Inc legitimate?
San Miguel Power Association Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. San Miguel Power Association 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: $975,903
Professional Fundraising Fees: $0
Other Salaries and Wages: $919,380
For more financial information, click here
Official website here: www.smpa.com
What is the mission statement of San Miguel Power Association Inc?
San Miguel Power Association Inc is a not-for-profit electrical cooperative serving approximately 10,761 members. The organization's primary focus is on distributing electricity to its members on a cooperative basis. At the end of the year, 10,761 active members received electric power from the association. The cost of power was allocated to them through the utilization of patronage capital. The mission of San Miguel Power Association Inc is to provide electricity to its members in a cooperative manner. The cooperative does not generate a profit but instead invests back into the community and its infrastructure to ensure reliable and consistent power delivery to its members. The association's goal is to maintain a strong and sustainable power grid to meet the needs of its members.
Official website here: www.smpa.com
Who is the CEO of San Miguel Power Association Inc?
Bradley Zaporski is the Ceo/General of San Miguel Power Association Inc. The CEO's salary of San Miguel Power Association Inc is $335,310 and their total compensation is $442,468.
Official website here: www.smpa.com
What is the revenue of San Miguel Power Association Inc?
San Miguel Power Association Inc's revenue in 2022 was $31,411,255.
Official website here: www.smpa.com
Who are the executives of San Miguel Power Association Inc and what are their salaries?
The average compensation at San Miguel Power Association Inc during 2022 was $31,070. There are 61 employees at San Miguel Power Association Inc.
Here are 15 key members and their salaries (San Miguel Power Association Inc's CEO's salary is $335,310 and their total compensation is $442,468):
- Compensation: $335,310
- Related: $0
- Other: $107,158
- Compensation: $161,441
- Related: $0
- Other: $48,702
- Compensation: $156,929
- Related: $0
- Other: $48,194
- Compensation: $139,465
- Related: $0
- Other: $57,394
- Compensation: $141,341
- Related: $0
- Other: $51,918
- Compensation: $149,367
- Related: $0
- Other: $38,814
- Compensation: $152,953
- Related: $0
- Other: $23,403
- Compensation: $135,430
- Related: $0
- Other: $29,295
- Compensation: $17,917
- Related: $0
- Other: $0
- Compensation: $17,767
- Related: $0
- Other: $0
- Compensation: $16,707
- Related: $0
- Other: $0
- Compensation: $16,707
- Related: $0
- Other: $0
- Compensation: $16,407
- Related: $0
- Other: $0
- Compensation: $16,407
- Related: $0
- Other: $0
- Compensation: $16,257
- Related: $0
- Other: $0
Official website here: www.smpa.com
Where can I find the form 990 for San Miguel Power Association Inc?
San Miguel Power Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.smpa.com
Learn more at the official website: www.smpa.com
Mission Statement of San Miguel Power Association Inc
San Miguel Power Association Inc, a not-for-profit electrical cooperative, serves approximately 10,761 members. The association's primary mission is to provide electric power to its members on a cooperative basis. This means that the cost of electricity is allocated among the members based on their usage, rather than being sold at a fixed price. At the end of the year, 10,761 active members received power from the association. The association operates as a cooperative, ensuring that the members have a voice in the decision-making process and the opportunity to share in the profits through patronage capital. San Miguel Power Association Inc's commitment is to provide reliable and affordable electricity to its members, enhancing their quality of life and supporting their communities. The association's cooperative structure allows it to prioritize the needs of its members, fostering a sense of community and collaboration. By pooling resources and working together, the members of San Miguel Power Association Inc can harness the power of the cooperative to meet their shared goal of accessing affordable and dependable electricity.
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Impact
October, 2024
San Miguel Power Association Inc significantly impacts its community by providing reliable electric power to approximately 10,761 active members in Nucla, Colorado. Operating as an electric distribution cooperative, it ensures that members receive electricity on a cooperative basis, which includes the allocation of patronage capital. This model not only fosters a sense of community ownership but also allows for cost-effective electricity sales, benefiting members economically. The cooperative structure emphasizes public benefit, focusing on meeting the unique energy needs of local residents while promoting sustainability and community engagement. By prioritizing its members' interests, San Miguel Power Association Inc plays a vital role in enhancing the quality of life in the area.
This information is meant to be a general summary of San Miguel Power Association 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: $252,668
- Program Service Revenue: $31,102,898
- Gross Receipts: $31,428,178
Assets and Liabilities:
- Total Assets: $93,640,382
- Total Liabilities: $46,888,790
- Net Assets: $46,751,592
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF ELECTRICITY
Revenue
$30,769,480
CAPITAL CREDITS
Revenue
$177,366
MISCELLANEOUS ELECTRIC
Revenue
$156,052
Organization Details
Founding Year
1938
Phone
(970) 864-7311Principal Officer
Bradley Zaporski
Main Address
PO BOX 817, NUCLA, CO, 81424
Website
www.smpa.comNTEE Category
Code: W80 - Public benefit
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