Overview
What is Blue Earth-Nicollet-Faribault Cooperative Electric Association?
Blue Earth-Nicollet-Faribault Cooperative Electric Association, also known as BENCO Electric Cooperative, is a nonprofit organization headquartered in Mankato, Minnesota. With a team of 44 employees, they are committed to safely delivering top-notch electric services to 19,751 customers, while maintaining a vast network of 3,638 miles of underground and overhead power lines. Their mission is to provide the best possible electric service at the lowest possible cost, ensuring sound business management.
Official website here: www.benco.org
Is Blue Earth-Nicollet-Faribault Cooperative Electric Association legitimate?
Blue Earth-Nicollet-Faribault Cooperative Electric Association is a legitimate nonprofit organization registered as a 501(c)(12) entity. Blue Earth-Nicollet-Faribault Cooperative Electric Association 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: $834,775
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.benco.org
What is the mission statement of Blue Earth-Nicollet-Faribault Cooperative Electric Association?
Blue Earth-Nicollet-Faribault Cooperative Electric Association strives to deliver the highest quality electric service, ensuring safety at all times. They aim to offer this superior service at the most affordable price, consistent with sound business management. The cooperative sold a total of 384,887,205 kWh of electricity to 19,751 electric consumers in an unspecified period. Additionally, they managed a vast network of 3,638 miles of both underground and overhead power lines to ensure uninterrupted power supply.
Official website here: www.benco.org
Who is the CEO of Blue Earth-Nicollet-Faribault Cooperative Electric Association?
David Sunderman is the President of Blue Earth-Nicollet-Faribault Cooperative Electric Association. The CEO's salary of Blue Earth-Nicollet-Faribault Cooperative Electric Association is $252,042 and their total compensation is $516,707.
Official website here: www.benco.org
What is the revenue of Blue Earth-Nicollet-Faribault Cooperative Electric Association?
Blue Earth-Nicollet-Faribault Cooperative Electric Association's revenue in 2022 was $53,795,371.
Official website here: www.benco.org
Who are the executives of Blue Earth-Nicollet-Faribault Cooperative Electric Association and what are their salaries?
The average compensation at Blue Earth-Nicollet-Faribault Cooperative Electric Association during 2022 was $18,972. There are 44 employees at Blue Earth-Nicollet-Faribault Cooperative Electric Association.
Here are 16 key members and their salaries (Blue Earth-Nicollet-Faribault Cooperative Electric Association's CEO's salary is $252,042 and their total compensation is $516,707):
- David Sunderman (Ceo)
- Tim Braulick (Operations & Engineering Manager)
- Paul Cumbee (Crew Chief)
- Christopher Becthold (Crew Chief)
- Clay Hill (Crew Chief)
- Duane Hagen (Crew Chief)
- Abby Dahms (Finance Manager)
- Bradley Leiding (President) [Trustee/Director]
- Terrance Genelin (Treasurer) [Trustee/Director]
- Warren Scott Johnson (Secretary) [Trustee/Director]
- Blake Meshke (Director)
- Don Westphal (Director)
- Marilyn Lynch (Vice President) [Trustee/Director]
- John Wells (Director)
- Gary Stenzel (Director)
- Duane Ehrich (Director)
Official website here: www.benco.org
Where can I find the form 990 for Blue Earth-Nicollet-Faribault Cooperative Electric Association?
The Blue Earth-Nicollet-Faribault Cooperative Electric Association’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.benco.org
Learn more at the official website: www.benco.org
Mission Statement of Blue Earth-Nicollet-Faribault Cooperative Electric Association
Blue Earth-Nicollet-Faribault Cooperative Electric Association, a leading electric service provider, is dedicated to delivering the highest quality service while keeping costs as low as possible. In line with this commitment, the organization's mission is to safely provide the best possible service, ensuring it aligns with sound business management.
The association's team of professionals works tirelessly to maintain the 3,638 miles of underground and overhead power lines, ensuring uninterrupted electric services for its 19,751 customers. These efforts translate to the sale of 384,887,205 KWH of electricity, making Blue Earth-Nicollet-Faribault Cooperative Electric Association a reliable partner in providing essential energy to households and businesses.
By prioritizing both the quality of service delivery and cost efficiency, Blue Earth-Nicotlit-Faribault Cooperative Electric Association has built a reputation for excellence in the electric utility industry. The organization's unwavering dedication to its mission not only benefits its customers but also fosters a strong and sustainable business model that can withstand the ever-evolving energy landscape.
Impact
This information is meant to be a general summary of Blue Earth-Nicollet-Faribault Cooperative Electric Association. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Blue Earth-Nicollet-Faribault Cooperative Electric Association impacts the community by safely providing the best possible service at the lowest possible cost. Through the sale of 384,887,205 kWh to 19,751 electric services and the maintenance of 3,638 miles of underground and overhead distribution lines, the association ensures reliable electricity access for its customers in Mankato, MN. By fulfilling its mission to provide high-quality service at affordable rates while upholding sound business practices, Blue Earth-Nicollet-Faribault Cooperative Electric Association contributes to the public benefit and the overall well-being of the community.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF POWER
Revenue
$52,623,194
Organization Details
Founding Year
1937
Phone
(507) 387-7963
Principal Officer
David Sunderman
Main Address
PO BOX 8, MANKATO, MN, 560020008
Website
www.benco.org
NTEE Category
Code: W80 - Public benefit
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