Beltrami Electric Cooperative Inc

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

EIN: 410144943 ✦ Bemidji, MN ✦ Designated as a 501(c)(12)

Overview

What is Beltrami Electric Cooperative Inc?

Beltrami Electric Cooperative Inc is a nonprofit organization based in Bemidji, Minnesota. With a mission to deliver electricity to its members, the cooperative currently serves 18,240 members and 22,123 customers. The organization is dedicated to providing excellent value through the safe and reliable delivery of electric service, exceptional member service, and innovative energy solutions at fair and reasonable prices. The cooperative employs a team of 72 individuals to carry out its operations and fulfill its tax-exempt purpose.


Official website here: www.beltramielectric.com

Is Beltrami Electric Cooperative Inc legitimate?

Beltrami Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Beltrami Electric Cooperative Inc 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: $656,918
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,517,139

For more financial information, click here


Official website here: www.beltramielectric.com

What is the mission statement of Beltrami Electric Cooperative Inc?

Beltrami Electric Cooperative Inc is dedicated to delivering electricity to its members with excellence. Its mission goes beyond just electricity provision, as it aims to offer reliable and safe electric service, exceptional member service, and innovative energy solutions at reasonable prices. The cooperative strives to provide value to its members by ensuring the safe and dependable delivery of energy and offering personalized customer service. Additionally, it explores and implements advanced energy solutions to cater to the evolving needs of its customers. Serving 18,240 members and 22,123 customers, Beltrami Electric Cooperative Inc is committed to maintaining a strong relationship with its community and providing them with the energy essentials they need.


Official website here: www.beltramielectric.com

Who is the CEO of Beltrami Electric Cooperative Inc?

Jared Echternach is the Ceo of Beltrami Electric Cooperative Inc. The CEO's salary of Beltrami Electric Cooperative Inc is $265,005 and their total compensation is $421,019.


Official website here: www.beltramielectric.com

What is the revenue of Beltrami Electric Cooperative Inc?

Beltrami Electric Cooperative Inc's revenue in 2022 was $59,261,181.


Official website here: www.beltramielectric.com

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

The average compensation at Beltrami Electric Cooperative Inc during 2022 was $85,751. There are 72 employees at Beltrami Electric Cooperative Inc.

Here are 16 key members and their salaries (Beltrami Electric Cooperative Inc's CEO's salary is $265,005 and their total compensation is $421,019):

    Jared Echternach (Ceo)
  • Compensation: $265,005
  • Related: $0
  • Other: $156,014

    • Arlene Hogquist (Director Of Finance & Corp)
  • Compensation: $152,293
  • Related: $0
  • Other: $188,347

    • Richard Riewer (Manager Of Engineering)
  • Compensation: $151,796
  • Related: $0
  • Other: $96,537

    • Mike Birkeland (Vp Of Electrification & Member Experience)
  • Compensation: $150,662
  • Related: $0
  • Other: $53,693

    • Eric Splichal (Lineman Foreman)
  • Compensation: $127,395
  • Related: $0
  • Other: $55,952

    • Daniel Edens (Manager Of Operations)
  • Compensation: $140,302
  • Related: $0
  • Other: $37,680

    • Logan Mistic (Journeyman Lineman)
  • Compensation: $128,915
  • Related: $0
  • Other: $22,897

    • John Lund (President/Director)
  • Compensation: $16,867
  • Related: $0
  • Other: $0

    • Suzanne Kringen (Vice Pres/Director)
  • Compensation: $12,383
  • Related: $0
  • Other: $0

    • Sharon Lembke (Treasurer/Director)
  • Compensation: $12,134
  • Related: $0
  • Other: $0

    • Michael Monsrud (Director)
  • Compensation: $11,836
  • Related: $0
  • Other: $0

    • Murl Nord (Secretary/Director)
  • Compensation: $8,792
  • Related: $0
  • Other: $0

    • Craig Gaasvig (Director)
  • Compensation: $8,487
  • Related: $0
  • Other: $0

    • Robert Wallner (Director)
  • Compensation: $8,372
  • Related: $0
  • Other: $0

    • Donald Perkins (Director)
  • Compensation: $7,759
  • Related: $0
  • Other: $0

    • Richard Coe (Director)
  • Compensation: $7,179
  • Related: $0
  • Other: $0


  • Official website here: www.beltramielectric.com

    Where can I find the form 990 for Beltrami Electric Cooperative Inc?

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


    Official website here: www.beltramielectric.com

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

    Mission Statement of Beltrami Electric Cooperative Inc

    Beltrami Electric Cooperative Inc, a tax-exempt organization, is dedicated to delivering electricity to its members. The cooperative's mission goes beyond just providing power; it strives to offer excellent value to its members. By ensuring the safe delivery of reliable electric service, Beltrami Electric Cooperative Inc offers its customers more than just energy.

    The cooperative's commitment to member service is evident in its dedication to providing innovative energy solutions at fair and reasonable prices. Beltrami Electric Cooperative Inc's team works diligently to meet the needs of its 18,240 members and 22,123 customers, ensuring they receive top-quality service. The organization's approach to energy delivery not only focuses on powering homes and businesses but also on fostering a strong relationship with its community.

    Beltrami Electric Cooperative Inc's mission is to exceed members' expectations by offering reliable electric service, excellent member care, and forward-thinking energy solutions. By prioritizing the needs of its members and providing them with the energy they require to live and work comfortably, the cooperative builds trust and confidence in its ability to deliver on its promises. The organization's unwavering commitment to its mission translates into a strong bond with its members, fostering a sense of community and shared purpose.

    Impact

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




    Thursday, August 15, 2024

    Beltrami Electric Cooperative Inc's impact is significant as it provides essential energy services to a large number of members and customers in the Bemidji, MN area. By delivering electricity to 18,240 members and 22,123 customers, the organization plays a crucial role in ensuring that individuals and businesses have access to reliable power. Beltrami Electric Cooperative Inc's mission to provide excellent value through safe and reliable electric service, outstanding member service, and innovative energy solutions at fair prices demonstrates its commitment to serving the community's needs. This commitment to public benefit makes Beltrami Electric Cooperative Inc a vital resource for those who depend on its services.





    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: $154,391
  • Program Service Revenue: $59,226,390
  • Gross Receipts: $59,581,336

    • Assets and Liabilities:
  • Total Assets: $138,158,231
  • Total Liabilities: $86,534,080
  • Net Assets: $51,624,151
  • Programs

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

    SALE OF ELECTRICITY

    Revenue

    $58,068,424

    CAPITAL CREDITS

    Revenue

    $1,157,966

    Organization Details

    Founding Year

    1940

    Principal Officer

    Jared Echternach

    Main Address

    PO BOX 488, BEMIDJI, MN, 566190488

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Beltrami Electric Cooperative Inc 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.