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EIN 71-0207627

Rich Mountain Electric Cooperative (RMEC)

IRS 501(c) type
501(c)(12)
Num. employees
36
City
Mena
State
Arkansas
Year formed
1945
Most recent tax filings
2023-12-01
NTEE code, primary
W80: Public Utilities
Description
Rich Mountain Electric Cooperative Inc. is a member owned Electric distribution Cooperative established to provide Electric service to its members at the lowest possible cost. This includes assisting its members in finding ways to improve energy efficiency at their home or business.
Total revenues
$21,911,930
2023
Total expenses
$18,944,672
2023
Total assets
$90,461,275
2023
Num. employees
36
2023

Program areas at RMEC

Rich Mountain Electric Cooperative provides Electric service to all its members at the lowest cost and offers energy efficiency programs to all its members.

Personnel at RMEC

NameTitleCompensation
Brad CastorPresident and Chief Executive Officer$217,887
Chris ParkerChief Financial Officer and Office Manager$137,365
Mark RobbinsSecretary - Treasurer$50,446
Larry DunawayVice Chairman$37,210
Buddy NewboltChairman$31,384
...and 2 more key personnel

Financials for RMEC

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$20,422,336
Investment income and dividends$987,615
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$65,678
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$2,801
Miscellaneous revenues$433,500
Total revenues$21,911,930

Form 990s for RMEC

Fiscal year endingDate received by IRSFormPDF link
2023-122024-04-08990View PDF
2022-122023-04-10990View PDF
2021-122022-04-28990View PDF
2020-122021-06-30990View PDF
2019-122020-08-18990View PDF
...and 9 more Form 990s

Organizations like RMEC

OrganizationLocationRevenue
Kit Carson Electric CooperativeTaos, NM$57,387,729
Buckeye Rural Electric CooperativeRio Grande, OH$45,001,606
Clay County Electric Coop CorporationCorning, AR$34,556,617
Lane Electric CooperativeEugene, OR$28,802,287
Central Electric CooperativeMitchell, SD$37,601,857
Nushagak Electric and Telephone CooperativeDillingham, AK$15,749,708
Nishnabotna Valley Rural Electric CooperativeHarlan, IA$18,916,306
Bayfield Electric CooperativeIron River, WI$15,276,420
Vermont Electric CooperativeJohnson, VT$100,257,337
Tombigbee Electric CooperativeHamilton, AL$17,768,087
Data update history
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 16, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 10, 2023
Used new vendors
Identified 1 new vendor, including
May 19, 2023
Updated personnel
Identified 1 new personnel
April 29, 2022
Updated personnel
Identified 2 new personnel
Nonprofit Types
Public utilitiesPublic sector nonprofits
Issues
No issues found
Characteristics
State / local levelReceives government funding
General information
Address
PO Box 897
Mena, AR 71953
County
Polk County, AR
Website URL
rmec.com/ 
Phone
(870) 286-2012
IRS details
EIN
71-0207627
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1945
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W80: Public Utilities
NAICS code, primary
2211: Electric Power Generation, Transmission, and Distribution Establishments
Parent/child status
Independent
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