Municipal Electric And Gas Alliance Incorporated
- Assets
- $480.6k
- Revenue
- $855.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Ithaca, NY
- Founding
- 06/2002
- Data as of
- 12/2021
- EIN
- 16-1612392
Organization Overview
Municipal Electric And Gas Alliance Incorporated is located in Ithaca, NY. The organization was established in 2002. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Municipal Electric And Gas Alliance Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Municipal Electric And Gas Alliance Incorporated generated $855.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $700.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ACHIEVE THE LOWEST AND MOST STABLE RATES FOR ELECTRIC AND NATURAL GAS UTILITY CUSTOMERS WITHIN THE ALLIANCE'S TERRITORY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Feldstein CEO | 25 | $51,567 | |
Katie Borgella Trustee | 2 | $0 | |
Crystal Abers Secretary | 2 | $0 | |
Mark Sachetti Trustee | 2 | $0 | |
Rochelle Stein Vice Chair | 2 | $0 | |
Mark Taylor Chairman | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $855,906 |
| Total Revenue | $855,906 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $51,567 |
| Other employee salaries and wages | $43,604 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,381 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,325 |
| Printing and publications | $0 |
| Other expenses | $580,927 |
| Total operating and administrative expenses | $700,495 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $700,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $390,811 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $84,379 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $5,399 |
| Total assets | $480,589 |
| Accounts payable and accrued expenses | $240,399 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,029 |
| Total liabilities | $241,428 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vermont Electric Cooperative Inc Johnson, VT | $204,848,762 | $87,075,764 |
Adams Electric Cooperative Inc Gettysburg, PA | $218,291,432 | $70,869,610 |
Tri-County Rural Electric Cooperative Inc Mansfield, PA | $151,909,574 | $33,038,928 |
United Electric Cooperative Inc Du BOIS, PA | $114,867,848 | $31,031,818 |
Central Electric Cooperative Inc Parker, PA | $123,976,880 | $28,207,685 |
Somerset Rural Electric Cooperative Inc Somerset, PA | $44,691,676 | $24,950,814 |
Sussex Rural Electric Cooperative Inc Sussex, NJ | $50,512,661 | $23,931,586 |
Tm Forum Parsippany, NJ | $17,539,747 | $22,734,515 |
School And Municipal Energy Cooperative Of Western New York West Seneca, NY | $5,155,004 | $20,423,578 |
Rea Energy Cooperative Inc Indiana, PA | $139,260,164 | $26,641,958 |
Claverack Rural Electric Cooperative Inc Wysox, PA | $106,788,216 | $23,056,414 |
Northwestern Rural Electric Cooperative Association Inc Cambridge Springs, PA | $114,436,291 | $21,945,807 |