Overview
What is Northern Rio Arriba Electric Cooperative Inc?
Northern Rio Arriba Electric Cooperative Inc is a nonprofit organization located in Chama, New Mexico. With a primary mission to provide affordable, quality, and reliable electric service, they serve approximately 3,186 members at year-end, supplying electricity in a cooperative manner. By allocating patronage capital, the cooperative ensures that its services remain accessible and affordable to the community. The cooperative, with a workforce of 15 employees, operates on the principle of a cooperative basis, focusing on meeting the electric energy needs of its members.
Official website here: www.noraelectric.org
Is Northern Rio Arriba Electric Cooperative Inc legitimate?
Northern Rio Arriba Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Northern Rio Arriba 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: $232,297
Professional Fundraising Fees: $0
Other Salaries and Wages: $696,371
For more financial information, click here
Official website here: www.noraelectric.org
What is the mission statement of Northern Rio Arriba Electric Cooperative Inc?
Northern Rio Arriba Electric Cooperative Inc's mission is centered around providing its members with affordable, high-quality, and reliable electric service. This mission is carried out by supplying electricity in a cooperative manner, allocating patronage capital to its members at the end of the year. The cooperative served 3,186 active services at year-end, demonstrating its commitment to meeting the electric energy needs of its members.
Official website here: www.noraelectric.org
Who is the CEO of Northern Rio Arriba Electric Cooperative Inc?
Anthony J Mercure is the Executive Vice President & Ge of Northern Rio Arriba Electric Cooperative Inc.
Official website here: www.noraelectric.org
What is the revenue of Northern Rio Arriba Electric Cooperative Inc?
Northern Rio Arriba Electric Cooperative Inc's revenue in 2022 was $4,982,294.
Official website here: www.noraelectric.org
Who are the executives of Northern Rio Arriba Electric Cooperative Inc and what are their salaries?
The average compensation at Northern Rio Arriba Electric Cooperative Inc during 2022 was $61,911. There are 15 employees at Northern Rio Arriba Electric Cooperative Inc.
Here are 9 key members and their salaries:
- Compensation: $94,042
- Related: $0
- Other: $11,222
- Compensation: $69,206
- Related: $0
- Other: $25,502
- Compensation: $7,688
- Related: $0
- Other: $0
- Compensation: $5,063
- Related: $0
- Other: $0
- Compensation: $4,500
- Related: $0
- Other: $0
- Compensation: $4,200
- Related: $0
- Other: $0
- Compensation: $4,125
- Related: $0
- Other: $0
- Compensation: $3,600
- Related: $0
- Other: $0
- Compensation: $3,150
- Related: $0
- Other: $0
Official website here: www.noraelectric.org
Where can I find the form 990 for Northern Rio Arriba Electric Cooperative Inc?
Northern Rio Arriba Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.noraelectric.org
Learn more at the official website: www.noraelectric.org
Mission Statement of Northern Rio Arriba Electric Cooperative Inc
Northern Rio Arriba Electric Cooperative Inc is committed to providing affordable, high-quality, and reliable electric service to its cooperative members. The organization's mission is centered around ensuring that its members receive electricity in a cooperative manner, utilizing patronage capital for allocation purposes. This mission is executed by offering electric energy services to an estimated 3,186 active members at the end of each year. The cooperative's focus on affordability, quality, and reliability underlines its dedication to meeting the energy needs of its members in a sustainable and effective manner.
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Impact
October, 2024
Northern Rio Arriba Electric Cooperative Inc plays a crucial role in enhancing the quality of life for residents in its service area. By providing affordable, quality, and reliable electric service, the cooperative supports the everyday needs of its members, ensuring that homes and businesses have consistent access to electricity.
With a strong commitment to community, the cooperative has successfully catered to 3,186 active services, distributing electric energy on a cooperative basis. This structure not only fosters a sense of collaboration among members but also enables the allocation of patronage capital, which can enhance the financial stability of the cooperative and benefit its members over time.
Located in Chama, NM, the cooperative significantly impacts the local economy and community development. By maintaining affordable energy rates and prioritizing quality service, it helps sustain local businesses and improves the overall economic landscape. The cooperative's focus on reliability ensures that members can depend on consistent power, which is essential in various aspects of daily life and economic activity. Overall, Northern Rio Arriba Electric Cooperative Inc fosters community growth while prioritizing the needs of its members.
This information is meant to be a general summary of Northern Rio Arriba 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: -$41,957
- Program Service Revenue: $4,968,494
- Gross Receipts: $6,075,432
Assets and Liabilities:
- Total Assets: $20,527,146
- Total Liabilities: $8,223,991
- Net Assets: $12,303,155
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF POWER
Revenue
$4,837,816
OTHER OPERATING REVENUE
Revenue
$66,998
CAPITAL CREDITS
Revenue
$63,680
Organization Details
Founding Year
1948
Principal Officer
Anthony J Mercure
Main Address
PO BOX 217, CHAMA, NM, 87520
Website
www.noraelectric.orgNTEE Category
Code: W80 - Public benefit
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