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:
- Compensation: $391,102
- Related: $0
- Other: $52,608
- Compensation: $260,401
- Related: $0
- Other: $56,441
- Compensation: $253,961
- Related: $0
- Other: $55,695
- Compensation: $253,607
- Related: $0
- Other: $53,964
- Compensation: $212,473
- Related: $0
- Other: $53,726
- Compensation: $209,251
- Related: $0
- Other: $48,618
- Compensation: $177,195
- Related: $0
- Other: $48,974
- Compensation: $177,502
- Related: $0
- Other: $48,635
- Compensation: $109,582
- Related: $0
- Other: $2,845
- Compensation: $18,335
- Related: $0
- Other: $291
- Compensation: $12,635
- Related: $0
- Other: $189
- Compensation: $10,545
- Related: $0
- Other: $257
- Compensation: $10,355
- Related: $0
- Other: $273
- Compensation: $9,690
- Related: $0
- Other: $257
- Compensation: $8,930
- Related: $0
- Other: $257
- Compensation: $6,175
- Related: $0
- Other: $214
- Compensation: $2,945
- Related: $0
- Other: $48
- 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.
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
Phone
(509) 786-2913Principal Officer
Ryan Redmond
Main Address
PO Box 1150, Prosser, WA, 99350
Website
www.bentonrea.orgNTEE Category
Code: W80 - Public benefit
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