Overview
What is Salem Electric?
Salem Electric, based in Salem, Oregon, is an electric service provider catering to members within the community. In addition to delivering electricity, the organization offers energy conservation incentives, disseminates relevant information, and provides equipment to help members reduce their energy consumption. Salem Electric has implemented successful programs, including a heat pump project with 157 completed projects, which assists residential customers in installing energy-efficient systems, and an energy smart design program with 22 completed projects, designed to enhance the energy efficiency of commercial establishments.
Official website here: www.salemelectric.com
What do the Facebook reviews say about Salem Electric?
88% of reviewers on Facebook recommend Salem Electric. Here is a summary of their reviews:
Many users have expressed appreciation for Salem Electric’s community involvement, particularly highlighting their support for local events. One reviewer specifically mentioned how their donation contributed to a coffee purchase at Java Crew, showcasing the nonprofit’s efforts in fostering community relationships and supporting local businesses.
Overall, the sentiment towards Salem Electric is positive, with users recognizing their charitable contributions and the impact of their support on the local community.
This AI summary has been generated from reviews found on Facebook.
Is Salem Electric legitimate?
Salem Electric is a legitimate nonprofit organization registered as a 501(c)(12) entity. Salem Electric 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: $895,217
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.salemelectric.com
What is the mission statement of Salem Electric?
Salem Electric is dedicated to delivering electric service to its members. Beyond electricity provision, the organization offers energy conservation incentives, information, and equipment to help its customers reduce their consumption and save on energy costs. Through specific programs, Salem Electric assists residential clients in installing energy-efficient systems, such as heat pumps, and collaborates with commercial entities to implement smart energy designs. The mission of Salem Electric is to provide electric service and promote energy conservation to optimize the use of electricity and promote sustainability for its customer base.
Official website here: www.salemelectric.com
Who is the CEO of Salem Electric?
Anthony C Schacher is the Principal Officer of Salem Electric.
Official website here: www.salemelectric.com
What is the revenue of Salem Electric?
Salem Electric's revenue in 2022 was $33,158,579.
Official website here: www.salemelectric.com
Who are the executives of Salem Electric and what are their salaries?
The average compensation at Salem Electric during 2022 was $19,047. There are 47 employees at Salem Electric.
Here are 16 key members and their salaries:
- Compensation: $295,650
- Related: $0
- Other: $65,879
- Compensation: $220,979
- Related: $0
- Other: $56,986
- Compensation: $201,164
- Related: $0
- Other: $54,571
- Compensation: $198,970
- Related: $0
- Other: $53,831
- Compensation: $175,575
- Related: $0
- Other: $50,651
- Compensation: $178,834
- Related: $0
- Other: $43,785
- Compensation: $173,464
- Related: $0
- Other: $41,327
- Compensation: $172,341
- Related: $0
- Other: $34,934
- Compensation: $10,483
- Related: $0
- Other: $0
- Compensation: $10,155
- Related: $0
- Other: $0
- Compensation: $7,795
- Related: $0
- Other: $0
- Compensation: $7,593
- Related: $0
- Other: $0
- Compensation: $6,420
- Related: $0
- Other: $0
- Compensation: $5,935
- Related: $0
- Other: $0
- Compensation: $4,565
- Related: $0
- Other: $0
- Compensation: $2,389
- Related: $0
- Other: $0
Official website here: www.salemelectric.com
Where can I find the form 990 for Salem Electric?
Salem Electric's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.salemelectric.com
Learn more at the official website: www.salemelectric.com
Mission Statement of Salem Electric
Salem Electric, a mission-driven electric service provider, is committed to delivering electric power to its members. Beyond providing essential electricity, Salem Electric goes the extra mile in promoting energy conservation among its customers. This community-focused organization takes pride in offering incentives, information, and equipment designed to help members reduce their energy consumption.
To further illustrate its dedication to energy efficiency, Salem Electric runs several initiatives. One such program is their Heat Pump Project, which has completed 157 installations, enabling residential clients to upgrade their homes with energy-efficient heating systems. Another program, Energy Smart Design, has accomplished 22 projects in the commercial sector, assisting businesses in implementing energy-saving designs. By providing these valuable services, Salem Electric not only contributes to the reduction of energy waste but also helps its members save on utility bills and promote sustainability.
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Impact
October, 2024
Salem Electric plays a crucial role in promoting energy efficiency and sustainability in Salem, Oregon. By providing electric service to its members, it ensures reliable access to energy while actively encouraging conservation through various programs and incentives. The organization has effectively implemented initiatives like the heat pump program, which has supported 157 residential projects, enabling homeowners to adopt energy-efficient heating solutions. Additionally, its energy smart design program has facilitated 22 projects for commercial clients, further enhancing energy efficiency within local businesses. Through these efforts, Salem Electric not only enhances the quality of life for its members but also contributes to a more sustainable community.
This information is meant to be a general summary of Salem Electric. 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: $158,641
- Program Service Revenue: $32,999,938
- Gross Receipts: $33,177,741
Assets and Liabilities:
- Total Assets: $74,755,848
- Total Liabilities: $19,832,713
- Net Assets: $54,923,135
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Electric Revenue
Revenue
$32,763,874
Rent from electric property
Revenue
$89,684
Sales of clean fuels credits
Revenue
$146,380
Organization Details
Founding Year
1938
Phone
(503) 362-3601Principal Officer
Anthony C Schacher
Main Address
633 7th Street NW, Salem, OR, 973043802
Website
www.salemelectric.comNTEE Category
Code: W80 - Public benefit
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