Modern Electric Water Company

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

EIN: 910323430 ✦ Spokane, WA ✦ Designated as a 501(c)(12)

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Overview

What is Modern Electric Water Company?

Modern Electric Water Company is a public utility situated in Spokane, Washington. The primary goal of this organization is to offer electricity and water services at the most affordable rate possible. Their mission is deeply ingrained in ensuring the provision of these essential utilities at a cost that is economically viable for their customers.


Official website here: www.modernelectricwater.com

Is Modern Electric Water Company legitimate?

Modern Electric Water Company is a legitimate nonprofit organization registered as a 501(c)(12) entity. Modern Electric Water Company 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: $326,233
Professional Fundraising Fees: $0
Other Salaries and Wages: $803,974

For more financial information, click here


Official website here: www.modernelectricwater.com

What is the mission statement of Modern Electric Water Company?

Modern Electric Water Company's mission is centered around providing both electricity and water services to its clients at the most affordable prices possible. This public utility strives to deliver these essential services with a focus on affordability, ensuring that its cost is kept as low as feasible.


Official website here: www.modernelectricwater.com

Who is the CEO of Modern Electric Water Company?

Joe Morgan is the General Mana of Modern Electric Water Company.


Official website here: www.modernelectricwater.com

What is the revenue of Modern Electric Water Company?

Modern Electric Water Company's revenue in 2022 was $5,253,543.


Official website here: www.modernelectricwater.com

Who are the executives of Modern Electric Water Company and what are their salaries?

The average compensation at Modern Electric Water Company during 2022 was $28,980. There are 39 employees at Modern Electric Water Company.


Here are 7 key members and their salaries:


Joe Morgan (General Mana)
  • Compensation: $285,483
  • Related: $0
  • Other: $0
John Mcfeely (Engineering)
  • Compensation: $158,276
  • Related: $0
  • Other: $0
Dave Thompson (Board Presid)
  • Compensation: $10,350
  • Related: $0
  • Other: $0
Chuck Taes (Board Member)
  • Compensation: $8,000
  • Related: $0
  • Other: $0
Barry Baker (Board Vice P)
  • Compensation: $7,600
  • Related: $0
  • Other: $0
Sam Waldron (Board Secr./)
  • Compensation: $7,600
  • Related: $0
  • Other: $0
Scott Hislop (Board Direct)
  • Compensation: $7,200
  • Related: $0
  • Other: $0


Official website here: www.modernelectricwater.com

Where can I find the form 990 for Modern Electric Water Company?

Modern Electric Water Company's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.modernelectricwater.com

Learn more at the official website: www.modernelectricwater.com

Mission Statement of Modern Electric Water Company

Modern Electric Water Company, as a public utility, is committed to delivering both electricity and water services at the most affordable price possible. This mission statement emphasizes the organization's dedication to making these essential resources accessible and affordable for its customers, striving to keep costs at a minimum. The company's primary goal is to ensure that its services are within financial reach for its clientele, demonstrating a strong commitment to affordability and accessibility.

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Impact




October, 2024

Modern Electric Water Company significantly impacts the Spokane, WA community by ensuring access to essential electricity and water services at the lowest possible prices. This commitment to affordability helps to alleviate the financial burden on residents and businesses, fostering economic stability and growth in the region. By prioritizing low-cost utilities, the company contributes to the overall well-being of the community, enabling residents to allocate their resources towards other important needs. Additionally, its role as a public utility reinforces the importance of reliable infrastructure in supporting the daily lives of Spokane's citizens.




This information is meant to be a general summary of Modern Electric Water Company. 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
$5,253,543 (2022)
Expenses
$3,093,766 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,928,891
  • Gross Receipts: $20,015,483

Assets and Liabilities:

  • Total Assets: $60,070,028
  • Total Liabilities: $1,745,994
  • Net Assets: $58,324,034

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Organization Details

Principal Officer

Joe Morgan

Main Address

PO BOX 14008, SPOKANE, WA, 992140008

NTEE Category

Code: W80 - Public benefit

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