Matanuska Electric Association Inc

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

EIN: 920007954 ✦ Palmer, AK ✦ Designated as a 501(c)(12)

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Overview

What is Matanuska Electric Association Inc?

Matanuska Electric Association Inc is a nonprofit organization based on providing energy sales to approximately 69,000 member customers. Their primary mission is to deliver safe, reliable energy to their community at reasonable rates, all while prioritizing exceptional member service. This energy company is committed to its community and strives to ensure the satisfaction and well-being of its customers.


Official website here: www.mea.coop

Is Matanuska Electric Association Inc legitimate?

Matanuska Electric Association Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Matanuska Electric Association 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: $1,163,040
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.mea.coop

What is the mission statement of Matanuska Electric Association Inc?

Matanuska Electric Association Inc is dedicated to providing safe and reliable energy to over 69,000 member customers at reasonable rates. Their commitment extends beyond just energy sales, as they prioritize exceptional member service. The organization's mission is to serve its community with a strong sense of dedication and responsibility. They aim to ensure the electricity needs of their members are met efficiently and effectively. The association's focus on reasonable rates reflects their desire to make energy accessible to all, contributing to the overall well-being of the community. The team at Matanuska Electric Association Inc is committed to delivering energy solutions while maintaining a strong connection with the community they serve.


Official website here: www.mea.coop

Who is the CEO of Matanuska Electric Association Inc?

Bill Kendig is the Director Through 10/3/22 of Matanuska Electric Association Inc. The CEO's salary of Matanuska Electric Association Inc is $545,420 and their total compensation is $595,119.


Official website here: www.mea.coop

What is the revenue of Matanuska Electric Association Inc?

Matanuska Electric Association Inc's revenue in 2022 was $162,949,434.


Official website here: www.mea.coop

Who are the executives of Matanuska Electric Association Inc and what are their salaries?

The average compensation at Matanuska Electric Association Inc during 2022 was $4,767. There are 244 employees and 19 volunteers at Matanuska Electric Association Inc.


Here are 16 key members and their salaries (Matanuska Electric Association Inc's CEO's salary is $545,420 and their total compensation is $595,119):


Mark Kelsey (Director Through 10/3/22)
  • Compensation: $767
  • Related: $0
  • Other: $0
Dan Tucker (Secretary-Treasurer)
  • Compensation: $7,267
  • Related: $0
  • Other: $0
Robert Doyle (Director Through 5/19/22)
  • Compensation: $3,283
  • Related: $0
  • Other: $0
Bill Kendig (President)
  • Compensation: $6,650
  • Related: $0
  • Other: $0
Catharine Kit Jones (Director Through 5/9/22)
  • Compensation: $2,400
  • Related: $0
  • Other: $0
Mark Masteller (Vice President)
  • Compensation: $6,067
  • Related: $0
  • Other: $0
Peter Burchell (Director)
  • Compensation: $5,867
  • Related: $0
  • Other: $0
Arthur Keyes (Director)
  • Compensation: $3,083
  • Related: $0
  • Other: $0
Mark Hamm (Director)
  • Compensation: $7,050
  • Related: $0
  • Other: $0
Anthony M Izzo (Chief Executive Officer)
  • Compensation: $545,420
  • Related: $0
  • Other: $49,699
Matthew J Reisterer (Chief Financial Officer)
  • Compensation: $288,454
  • Related: $0
  • Other: $323,425
Edward M Jenkin (Chief Operations Officer)
  • Compensation: $279,789
  • Related: $0
  • Other: $168,732
David W Roby (Subforeman Lineman)
  • Compensation: $294,801
  • Related: $0
  • Other: $101,699
Wyatt A Schmiege (Subforeman Lineman)
  • Compensation: $280,345
  • Related: $0
  • Other: $71,671
Tony G Hardwick (Journeyman Lineman)
  • Compensation: $271,563
  • Related: $0
  • Other: $85,381
Caleb M Pempek (Journeyman Lineman)
  • Compensation: $276,825
  • Related: $0
  • Other: $44,558


Official website here: www.mea.coop

Where can I find the form 990 for Matanuska Electric Association Inc?

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


Official website here: www.mea.coop

Learn more at the official website: www.mea.coop

Mission Statement of Matanuska Electric Association Inc

Matanuska Electric Association Inc, a notable entity in the energy sector, serves over 69,000 member customers. The organization is dedicated to more than just energy sales; its mission extends to providing safe, reliable energy at reasonable rates, all while delivering exceptional member service. The commitment to the community it serves is a core aspect of its operations.

Matanuska Electric Association Inc's dedication to safety and reliability is evident in its daily efforts to ensure uninterrupted power for its customers. The organization prides itself on maintaining a robust energy infrastructure, delivering power that is not only dependable but also safe for its consumers. With a focus on maintaining reasonable rates, the association aims to make energy affordable for all its members, enabling them to power their homes and businesses effectively.

The exceptional member service that Matanuska Electric Association Inc offers sets it apart. The organization understands that energy is a vital necessity and strives to go above and beyond in meeting its members' expectations. By prioritizing communication, responsiveness, and a customer-centric approach, the association builds strong relationships with its members, ensuring their needs are met in a timely and effective manner. Additionally, the organization's commitment to the community it serves extends beyond the energy it provides, as it continuously seeks ways to contribute positively to the lives of its members.

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Impact




October, 2024

Matanuska Electric Association Inc (MEA) significantly impacts the community by providing safe and reliable energy to 69,223 member customers in Palmer, Alaska. By focusing on exceptional member service and maintaining reasonable rates, MEA ensures that its customers have access to the power they need for their homes and businesses. The association's commitment to the community is evident in its mission to prioritize member satisfaction while enhancing the social and economic well-being of the area it serves. This dedication fosters a collaborative environment where members can rely on MEA for their energy needs, ultimately contributing to the overall stability and resilience of the community.




This information is meant to be a general summary of Matanuska Electric Association 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.

Revenue
$162,949,434 (2022)
Expenses
$162,949,434 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $343,599
  • Program Service Revenue: $162,115,649
  • Gross Receipts: $162,949,434

Assets and Liabilities:

  • Total Assets: $632,665,151
  • Total Liabilities: $442,185,381
  • Net Assets: $190,479,770

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

ENERGY SALES

Revenue

$158,717,611

PATRONAGE ALLOCATIONS

Revenue

$1,645,623

OTHER ELECTRIC REVENUE

Revenue

$1,627,525

TRANSMISSION REVENUE

Revenue

$124,890

Organization Details

Founding Year

1941

Principal Officer

Bill Kendig

Main Address

163 E INDUSTRIAL WAY, PALMER, AK, 99645

NTEE Category

Code: W80 - Public benefit

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