Oconto Electric Cooperative

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

EIN: 390513423 ✦ Oconto falls, WI ✦ Designated as a 501(c)(12)

Overview

What is Oconto Electric Cooperative?

Oconto Electric Cooperative is a nonprofit organization based in Oconto Falls, Wisconsin. They are dedicated to providing electricity to their cooperative members efficiently, following the cooperative principles. The organization purchases wholesale power, manages and operates an electrical distribution system, and offers member information and customer support. With a workforce of 38 employees, Oconto Electric Cooperative is committed to delivering electricity to its members while ensuring the sustainability and maintenance of their operations.


Official website here: www.ocontoelectric.com

Is Oconto Electric Cooperative legitimate?

Oconto Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Oconto Electric Cooperative 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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $585,913
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.ocontoelectric.com

What is the mission statement of Oconto Electric Cooperative?

Oconto Electric Cooperative is dedicated to providing electricity to its members in an efficient manner, adhering to cooperative principles. The organization sources electricity for its members by purchasing wholesale power, manages and maintains an electrical distribution system, and operates member information and customer support services. By following cooperative principles, Oconto Electric Cooperative aims to deliver reliable and effective electric services to its community. It prioritizes member involvement and focuses on meeting the unique electrical needs of each household, fostering a sense of community and mutual support among its members.


Official website here: www.ocontoelectric.com

Who is the CEO of Oconto Electric Cooperative?

Byron Nolde is the Ceo of Oconto Electric Cooperative. The CEO's salary of Oconto Electric Cooperative is $290,598 and their total compensation is $420,978.


Official website here: www.ocontoelectric.com

What is the revenue of Oconto Electric Cooperative?

Oconto Electric Cooperative's revenue in 2022 was $17,335,038.


Official website here: www.ocontoelectric.com

Who are the executives of Oconto Electric Cooperative and what are their salaries?

The average compensation at Oconto Electric Cooperative during 2022 was $15,419. There are 38 employees at Oconto Electric Cooperative.

Here are 14 key members and their salaries (Oconto Electric Cooperative's CEO's salary is $290,598 and their total compensation is $420,978):

    Byron Nolde (Ceo)
  • Compensation: $290,598
  • Related: $0
  • Other: $130,380

    • John Havemeier (Line Foreman)
  • Compensation: $131,018
  • Related: $0
  • Other: $102,024

    • Brian Arndt (Lineman)
  • Compensation: $125,392
  • Related: $0
  • Other: $78,991

    • Jack Pardy (Line Superin)
  • Compensation: $125,037
  • Related: $0
  • Other: $77,126

    • Ben Wilcox (Lineman)
  • Compensation: $122,663
  • Related: $0
  • Other: $50,710

    • Kent Lyng (System Engin)
  • Compensation: $123,724
  • Related: $0
  • Other: $16,926

    • Stephanie Paitl (Cfo)
  • Compensation: $58,979
  • Related: $0
  • Other: $50,980

    • Tony Wagner (Treasurer) [Trustee/Director]
  • Compensation: $11,850
  • Related: $0
  • Other: $0

    • Dan Kanack (Secretary) [Trustee/Director]
  • Compensation: $10,500
  • Related: $0
  • Other: $0

    • Ronnie Kruse (Director)
  • Compensation: $10,325
  • Related: $0
  • Other: $0

    • Dennis Langerberg (Director)
  • Compensation: $10,205
  • Related: $0
  • Other: $0

    • David Hischke (Director)
  • Compensation: $8,490
  • Related: $0
  • Other: $0

    • Todd Duame (Chairman) [Trustee/Director]
  • Compensation: $6,840
  • Related: $0
  • Other: $0

    • Douglas Allen (Vice Chair) [Trustee/Director]
  • Compensation: $6,195
  • Related: $0
  • Other: $0


  • Official website here: www.ocontoelectric.com

    Where can I find the form 990 for Oconto Electric Cooperative?

    The Oconto Electric Cooperative’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.ocontoelectric.com

    Learn more at the official website: www.ocontoelectric.com

    Mission Statement of Oconto Electric Cooperative

    Oconto Electric Cooperative, a not-for-profit organization, is committed to providing electricity to its members efficiently, upholding the cooperative principles. The cooperative sources electricity for its members by purchasing wholesale power, ensuring a reliable and consistent energy supply. In addition, Oconto Electric Cooperative builds, maintains, and operates an electrical distribution system, ensuring that power reaches members' homes and businesses effectively. The organization also runs member information and customer support operations, addressing inquiries and providing assistance to members in a friendly and knowledgeable manner. By focusing on cooperative principles and efficient electricity provision, Oconto Electric Cooperative aims to create a stronger and more connected community. The cooperative's dedication to its members and their energy needs is the driving force behind its operations, ensuring a brighter future for all involved.

    Impact

    This information is meant to be a general summary of Oconto Electric Cooperative. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Oconto Electric Cooperative plays a crucial role in providing electricity to its members in an efficient manner, operating based on cooperative principles. By purchasing wholesale power, building and maintaining an electrical distribution system, as well as offering member information and customer support services, Oconto Electric Cooperative ensures a reliable electricity source for its members. This impacts the community by ensuring access to essential electricity services and promoting the principles of cooperation among its members.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

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

  • Investment Income: $37,839
  • Program Service Revenue: $17,160,748
  • Gross Receipts: $17,705,023

    • Assets and Liabilities:
  • Total Assets: $45,641,773
  • Total Liabilities: $24,096,539
  • Net Assets: $21,545,234
  • Programs

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

    ELECTRIC OPERATIONS

    Revenue

    $16,928,508

    PATRONAGE DIVIDEND

    Revenue

    $210,059

    RENTAL INCOME

    Revenue

    $22,181

    Organization Details

    Founding Year

    1936

    Principal Officer

    Byron Nolde

    Main Address

    PO BOX 168, OCONTO FALLS, WI, 541540168

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Oconto Electric Cooperative and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.