Benton Rural Electric Association

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

EIN: 910143426 ✦ Prosser, WA ✦ Designated as a 501(c)(12)

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Overview

What is Benton Rural Electric Association?

The Benton Rural Electric Association (Benton REA) is a member-owned, not-for-profit electric cooperative based in Prosser, Washington. With approximately 11,748 members, Benton REA delivers electricity to rural communities through its extensive distribution system. Its primary mission is to provide safe and dependable electricity at the most affordable cost to its members. As a cooperative, Benton REA employs around 80 individuals to ensure the successful execution of its electric service distribution program.


Official website here: www.bentonrea.org

Is Benton Rural Electric Association legitimate?

Benton Rural Electric Association is a legitimate nonprofit organization registered as a 501(c)(12) entity. Benton 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: $2,550,225
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.bentonrea.org

What is the mission statement of Benton Rural Electric Association?

The Benton Rural Electric Association is a not-for-profit electric cooperative with a mission to provide its membership with safe and reliable electricity at the most affordable cost. The organization, owned by around 11,748 members, focuses primarily on the distribution of electricity through its system. By delivering power efficiently, Benton REA aims to ensure that its members enjoy consistent energy supply for their daily needs. The association's commitment extends beyond electricity distribution, as it strives to provide top-notch customer service and maintain a strong sense of community among its members.


Official website here: www.bentonrea.org

Who is the CEO of Benton Rural Electric Association?

Ryan Redmond is the Principal Officer of Benton Rural Electric Association.


Official website here: www.bentonrea.org

What is the revenue of Benton Rural Electric Association?

Benton Rural Electric Association's revenue in 2022 was $46,298,877.


Official website here: www.bentonrea.org

Who are the executives of Benton Rural Electric Association and what are their salaries?

The average compensation at Benton Rural Electric Association during 2022 was $31,878. There are 80 employees at Benton Rural Electric Association.


Here are 18 key members and their salaries:


Michael Bradshaw (General Manager)
  • Compensation: $391,102
  • Related: $0
  • Other: $52,608
Derek Miller (Engineering Manager)
  • Compensation: $260,401
  • Related: $0
  • Other: $56,441
Jeff Bastow (Information Technology Manager)
  • Compensation: $253,961
  • Related: $0
  • Other: $55,695
Steven Catlow (Vice President Of Finance)
  • Compensation: $253,607
  • Related: $0
  • Other: $53,964
Troy Berglund (Vice President Of Member Services)
  • Compensation: $212,473
  • Related: $0
  • Other: $53,726
Christopher Hill (Line Foreman)
  • Compensation: $209,251
  • Related: $0
  • Other: $48,618
Larry Hall (Journeyman Lineman)
  • Compensation: $177,195
  • Related: $0
  • Other: $48,974
Nicholas Pryor (Distribution Engineer)
  • Compensation: $177,502
  • Related: $0
  • Other: $48,635
Jeff Ekrut (Operations Manager)
  • Compensation: $109,582
  • Related: $0
  • Other: $2,845
Michael Freepons (Vice President)
  • Compensation: $18,335
  • Related: $0
  • Other: $291
Bob Evans (President)
  • Compensation: $12,635
  • Related: $0
  • Other: $189
Ron Johnson (Trustee)
  • Compensation: $10,545
  • Related: $0
  • Other: $257
Tim Grow (Trustee)
  • Compensation: $10,355
  • Related: $0
  • Other: $273
Catherine Russell (Secretary/Treasurer)
  • Compensation: $9,690
  • Related: $0
  • Other: $257
Scott Fisher (Trustee)
  • Compensation: $8,930
  • Related: $0
  • Other: $257
Connie Krull (President)
  • Compensation: $6,175
  • Related: $0
  • Other: $214
Buddy Treadway (Trustee)
  • Compensation: $2,945
  • Related: $0
  • Other: $48
Daniel Plung (Trustee)
  • Compensation: $2,185
  • Related: $0
  • Other: $64


Official website here: www.bentonrea.org

Where can I find the form 990 for Benton Rural Electric Association?

Benton Rural Electric Association's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.bentonrea.org

Learn more at the official website: www.bentonrea.org

Mission Statement of Benton Rural Electric Association

The Benton Rural Electric Association (Benton REA) is a dedicated not-for-profit organization serving over 11,000 member-owners. With a mission to provide, the Benton REA focuses on delivering safe and reliable electricity to its rural cooperative members at the most affordable price.

Benton REA's primary objective is to ensure that every member receives dependable access to electricity, powering their homes and businesses. By keeping costs low, the association makes electricity accessible to all, enhancing the quality of life for its members in rural areas. The Benton REA team is committed to maintaining high standards of safety and reliability, ensuring that the electricity supply remains consistent and secure.

The Benton REA's distribution system plays a crucial role in bringing electricity to its vast membership base. As a member-owned cooperative, the organization prioritizes the needs and well-being of its members, making it an invaluable resource in rural communities. The association's unwavering commitment to delivering electricity efficiently and affordably has earned the trust and appreciation of its members over the years.

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Impact




October, 2024

Benton Rural Electric Association plays a significant role in delivering electricity to its approximately 11,748 member-owners, enhancing access to reliable energy in rural areas. By focusing on the distribution of electric service, it ensures that its members receive safe and dependable electricity, which is vital for daily life and economic activities. The cooperative’s commitment to providing power at the lowest possible cost underscores its dedication to affordability and efficiency, benefiting the community it serves in Prosser, WA. This focus on public benefit strengthens local economies and contributes to the overall quality of life for residents in the area.




This information is meant to be a general summary of Benton 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.

Revenue
$46,298,877 (2022)
Expenses
$46,298,877 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $144,274
  • Program Service Revenue: $44,968,141
  • Gross Receipts: $46,298,877

Assets and Liabilities:

  • Total Assets: $99,959,679
  • Total Liabilities: $12,827,032
  • Net Assets: $87,132,647

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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

$44,839,529

Pole Rental

Revenue

$128,612

Organization Details

Founding Year

1937

Principal Officer

Ryan Redmond

Main Address

PO Box 1150, Prosser, WA, 99350

NTEE Category

Code: W80 - Public benefit

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