Rural Electric Convenience Cooperative Co

Organization Overview

Rural Electric Convenience Cooperative Co is located in Auburn, IL. The organization was established in 1938. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Rural Electric Convenience Cooperative Co employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rural Electric Convenience Cooperative Co is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.

For the year ending 12/2023, Rural Electric Convenience Cooperative Co generated $16.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $16.0m during the year ending 12/2023. While expenses have increased by 0.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

AS AN ENERGY AND SERVICES COOPERATIVE, OUR MEMBERS NEEDS ARE RURAL ELECTRIC CONVENIENCE COOPERATIVES FIRST PRIORITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RURAL ELECTRIC CONVENIENCE COOPERATIVE (RECC) SERVES 5,904 CONSUMERS IN SANGAMON, MORGAN, MACOUPIN, CHRISTIAN, AND MONTGOMERY COUNTIES. RECC ALSO SERVES CONSUMERS IN SEVERAL GROWING SUBDIVISIONS AROUND SPRINGFIELD, TAYLORVILLE, LITCHFIELD, AND OTHER TOWNS.


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Board, Officers & Key Employees

Name (title)Compensation
Sean R Middleton
Presidentceo
$182,507
Timothy Hemberger
Mgr Operations
$104,374
David E Stuva
Retired Presidentceo
$138,745
Aubrie Megginson
Mgr Financeadmn
$89,518
Melvin Repescher
Director
$16,656
Gary Niemyer
Director
$16,556

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Farm Credit Leasing Services
Vehicle Leasing
$354,210
United Utility Supply
Material Supplier
$413,698
Fletcher-reinhardt Co
Material Supplier
$393,927
T R Electric Supply Company
Material Supplier
$227,405
Huxfor Pole Timber Co Inc
Material Supplier
$159,468
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $213,156
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$213,156
Total Program Service Revenue$15,939,380
Investment income $25,506
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $20,640
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $16,211,341

Peer Organizations

Organization NameAssets
Kosciusko Rural Electric Membership Corporation
Warsaw, IN
$51,459,225
Utilities District Of Western Ind Rural Electric Membership Corp
Bloomfield, IN
$49,211,633
Three Rivers Electric Cooperative
Linn, MO
$48,189,109
Carroll White Remc
Monticello, IN
$48,177,208
New Mac Electric Cooperative Inc
Neosho, MO
$48,049,781
Southern Indiana Power
Tell City, IN
$46,685,801
Egyptian Electric Cooperative Association
Murphysboro, IL
$44,358,904
Riverland Energy Cooperative
Arcadia, WI
$45,807,235
Oakdale Electric Cooperative
Oakdale, WI
$45,105,810
Semo Electric Cooperative
Sikeston, MO
$43,598,236
Wayne-White Counties Electric Cooperative
Fairfield, IL
$47,895,161
Barron Electric Cooperative
Barron, WI
$42,885,692
Illinois Electric Cooperative
Winchester, IL
$44,327,895
Osage Valley Electric Cooperative Association
Butler, MO
$41,931,566
Maquoketa Valley Rural Electric Cooperative
Anamosa, IA
$44,002,907
Grayson Rural Electric Cooperative Corporation
Grayson, KY
$41,054,365
Kankakee Valley Rural Electric Membership Corporation
Wanatah, IN
$43,530,628
L & O Power Cooperative
Rock Rapids, IA
$39,486,397
Webster Electric Cooperative
Marshfield, MO
$38,873,422
Shelby Electric Cooperative
Shelbyville, IL
$38,433,374
Daviess-Martin County Rural Electric Membership Corporation
Loogootee, IN
$39,754,758
Dubois Rural Electric Cooperative Inc
Jasper, IN
$37,613,396
Polk-Burnett Electric Cooperative
Centuria, WI
$38,989,288
Access Energy Cooperative
Mt Pleasant, IA
$39,618,237
Eastern Illini Electric Cooperative Inc
Paxton, IL
$39,420,065

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