Overview
What is Mora-San Miguel Electric Cooperative Inc?
Mora-San Miguel Electric Cooperative Inc is a nonprofit organization located in Mora, New Mexico. With a team of 34 employees, they provide electric energy to their members through a cooperative system. They focus on efficient and sound business principles to ensure the highest level of electrical service. Committed to improving the lives of their member-owners, they deliver safe, reliable, and affordable electricity, prioritizing excellent member service and clean, renewable energy. At the end of the year, there were 11,153 active services under their care.
Official website here: www.morasanmiguel.coop
What are the reviews and ratings of this charity?
Mora-San Miguel Electric Cooperative Inc is not currently rated by Charity Navigator. This lack of rating stems from the organization's status as a non-501(c)(3) entity, which excludes it from evaluation under Charity Navigator's established methodologies. The absence of a rating should not be viewed as inherently positive or negative, but rather as a limitation due to classification criteria.
Historically, Charity Navigator ratings focused on Accountability and Finance, but this organization did not fall within these criteria due to its independent operational structure and classification outside of the 501(c)(3) status. Without this designation, the cooperative's financial details, leadership compensation, and operational impact remain unassessed under Charity Navigator's current framework.
User reviews for Mora-San Miguel Electric Cooperative Inc are unavailable from GreatNonprofits, leaving individual experiences and community feedback from this platform undocumented. This lack of direct user input means the public must rely solely on available organizational information and any community testimonials outside of these platforms.
This AI summary has been generated from information found on Charity Navigator.
Is Mora-San Miguel Electric Cooperative Inc legitimate?
Mora-San Miguel Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Mora-San Miguel 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 tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $206,229
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,306,804
For more financial information, click here
Official website here: www.morasanmiguel.coop
What is the mission statement of Mora-San Miguel Electric Cooperative Inc?
Mora-San Miguel Electric Cooperative Inc is dedicated to providing its members with the highest level of electrical service, following efficient and sound principles. The cooperative aims to enhance the lives of its member-owners by delivering safe, reliable, and affordable electricity. With a strong focus on excellent member service, the cooperative also invests in the communities it serves, prioritizing clean and renewable energy. Through its cooperative business model, Mora-San Miguel Electric Cooperative allocates patronage capital to provide electric energy to its members. At the end of the year, there were 11,153 active services being provided by the cooperative.
Official website here: www.morasanmiguel.coop
Who is the CEO of Mora-San Miguel Electric Cooperative Inc?
Leslie Montoya is the Vice President of Mora-San Miguel Electric Cooperative Inc. The CEO's salary of Mora-San Miguel Electric Cooperative Inc is $150,737 and their total compensation is $181,729.
Official website here: www.morasanmiguel.coop
What is the revenue of Mora-San Miguel Electric Cooperative Inc?
Mora-San Miguel Electric Cooperative Inc's revenue in 2022 was $13,076,672.
Official website here: www.morasanmiguel.coop
Who are the executives of Mora-San Miguel Electric Cooperative Inc and what are their salaries?
The average compensation at Mora-San Miguel Electric Cooperative Inc during 2022 was $44,501. There are 34 employees at Mora-San Miguel Electric Cooperative Inc.
Here are 7 key members and their salaries (Mora-San Miguel Electric Cooperative Inc's CEO's salary is $150,737 and their total compensation is $181,729):
- Compensation: $8,700
- Related: $0
- Other: $0
- Compensation: $6,000
- Related: $0
- Other: $0
- Compensation: $3,700
- Related: $0
- Other: $0
- Compensation: $3,250
- Related: $0
- Other: $0
- Compensation: $2,850
- Related: $0
- Other: $0
- Compensation: $150,737
- Related: $0
- Other: $30,992
- Compensation: $110,853
- Related: $0
- Other: $20,105
Official website here: www.morasanmiguel.coop
Where can I find the form 990 for Mora-San Miguel Electric Cooperative Inc?
Mora-San Miguel Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.morasanmiguel.coop
Learn more at the official website: www.morasanmiguel.coop
Mission Statement of Mora-San Miguel Electric Cooperative Inc
Mora-San Miguel Electric Cooperative Inc is a dedicated organization that strives to provide the highest level of electrical service to its members. Consistent with efficient and sound principles, the cooperative delivers safe, reliable, and affordable electricity, focusing on excellent member service and clean renewable energy. By improving the lives of its member-owners, Mora-San Miguel Electric Cooperative Inc invests in their communities. The cooperative allocates patronage capital to provide electric energy on a cooperative basis, ensuring the needs of its members are met with dedication and professionalism. At the end of the year, there were 11,153 active services under its care.
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Impact
October, 2024
Mora-San Miguel Electric Cooperative Inc significantly impacts the community by delivering safe, reliable, and affordable electricity to its members. With 11,153 active services, the cooperative prioritizes excellent member service and focuses on enhancing the quality of life for its member-owners.
By operating on a cooperative basis, Mora-San Miguel empowers its members through the allocation of patronage capital, fostering a sense of community ownership and participation. The cooperative’s commitment to clean renewable energy supports sustainable practices, contributing to environmental health while ensuring energy accessibility for all members.
Furthermore, the cooperative actively invests in local communities, which strengthens economic resilience and promotes development. Through its dedication to efficient and sound principles, Mora-San Miguel Electric Cooperative Inc not only meets the energy needs of its members but also drives positive social and economic change in Mora, NM.
This information is meant to be a general summary of Mora-San Miguel Electric Cooperative 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: $5,642
- Program Service Revenue: $13,032,758
- Gross Receipts: $13,076,672
Assets and Liabilities:
- Total Assets: $37,576,968
- Total Liabilities: $26,522,413
- Net Assets: $11,054,555
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES OF ELECTRICITY
Revenue
$12,781,204
PATRONAGE DIVIDENDS
Revenue
$178,895
SERVICE FEES
Revenue
$52,834
RENEWABLE ENERGY CERTIFICATES
Revenue
$19,825
Organization Details
Founding Year
1940
Phone
(575) 383-4270Principal Officer
Leslie Montoya
Main Address
PO BOX 240, MORA, NM, 87732
Website
www.morasanmiguel.coopNTEE Category
Code: W50 - Public benefit
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