Kandiyohi Power Cooperative

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

EIN: 410345595 ✦ Spicer, MN ✦ Designated as a 501(c)(12)

Overview

What is Kandiyohi Power Cooperative?

Kandiyohi Power Cooperative is a nonprofit organization based in Spicer, Minnesota. Their primary mission is to distribute electric energy and related services to approximately 8,912 members. This cooperative provides essential electric distribution and other related services to its community, employing a team of 28 individuals to ensure efficient operations.


Official website here: www.kpcoop.com

Is Kandiyohi Power Cooperative legitimate?

Kandiyohi Power Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Kandiyohi Power 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: $452,964
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.kpcoop.com

What is the mission statement of Kandiyohi Power Cooperative?

Kandiyohi Power Cooperative is dedicated to providing electric distribution and related services to its membership base of 8,912 individuals. The cooperative's mission is geared towards delivering essential electric energy to its members, ensuring their daily needs are met. Beyond electric distribution, the cooperative also offers additional related services to enhance the overall experience for its members. By focusing on electricity provision and related offerings, Kandiyohi Power Cooperative aims to contribute significantly to the daily lives of the people it serves.


Official website here: www.kpcoop.com

Who is the CEO of Kandiyohi Power Cooperative?

Patrick Krueger is the Director of Kandiyohi Power Cooperative. The CEO's salary of Kandiyohi Power Cooperative is $162,876 and their total compensation is $209,416.


Official website here: www.kpcoop.com

What is the revenue of Kandiyohi Power Cooperative?

Kandiyohi Power Cooperative's revenue in 2022 was $22,281,330.


Official website here: www.kpcoop.com

Who are the executives of Kandiyohi Power Cooperative and what are their salaries?

The average compensation at Kandiyohi Power Cooperative during 2022 was $16,177. There are 28 employees at Kandiyohi Power Cooperative.

Here are 17 key members and their salaries (Kandiyohi Power Cooperative's CEO's salary is $162,876 and their total compensation is $209,416):

    Ryan Nelson (Ceo)
  • Compensation: $162,876
  • Related: $0
  • Other: $46,540

    • Patrick Krueger (Cfo)
  • Compensation: $121,706
  • Related: $0
  • Other: $39,955

    • Michele Scheffler (Member Services Manager)
  • Compensation: $111,256
  • Related: $0
  • Other: $38,224

    • Michael Marcus (Journeyman Line Tech In-Charge)
  • Compensation: $106,129
  • Related: $0
  • Other: $34,758

    • Troy Mead (Journeyman Line Tech In-Charge)
  • Compensation: $104,943
  • Related: $0
  • Other: $34,797

    • Dustin Welz (Journeyman Line Tech In-Charge)
  • Compensation: $107,555
  • Related: $0
  • Other: $29,013

    • Robert Sankey (Journeyman Line Tech In-Charge)
  • Compensation: $109,823
  • Related: $0
  • Other: $14,370

    • Stanley Wubben (Secretary) [Trustee/Director]
  • Compensation: $9,378
  • Related: $0
  • Other: $0

    • Larry Powers (Director)
  • Compensation: $9,043
  • Related: $0
  • Other: $0

    • Robbert Stone (Director)
  • Compensation: $8,988
  • Related: $0
  • Other: $0

    • Rollo Campe (Director)
  • Compensation: $8,858
  • Related: $0
  • Other: $0

    • Dale Anderson (Chair) [Trustee/Director]
  • Compensation: $8,855
  • Related: $0
  • Other: $0

    • Diane Helgeson (Director)
  • Compensation: $8,653
  • Related: $0
  • Other: $0

    • Todd Post (Vice Chair) [Trustee/Director]
  • Compensation: $8,553
  • Related: $0
  • Other: $0

    • Dan Pomranke (Director)
  • Compensation: $8,153
  • Related: $0
  • Other: $0

    • Kelly Erickson (Director (Started June 2022))
  • Compensation: $5,630
  • Related: $0
  • Other: $0

    • Ryan Erickson (Director (Through May 2022))
  • Compensation: $3,910
  • Related: $0
  • Other: $0


  • Official website here: www.kpcoop.com

    Where can I find the form 990 for Kandiyohi Power Cooperative?

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


    Official website here: www.kpcoop.com

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

    Mission Statement of Kandiyohi Power Cooperative

    Kandiyohi Power Cooperative, a crucial nonprofit organization, is dedicated to providing electric distribution and associated services to its 8,912 members. This mission extends beyond just supplying electricity; it encompasses a range of related activities to ensure the needs of its members are met effectively.

    At the core of Kandiyohi Power Cooperative's operations lies the provision of electric energy. By distributing this essential resource, the cooperative enables its members to power their homes and businesses, fostering improved living standards and economic development in their communities. The organization is committed to delivering a reliable and consistent power supply, ensuring its members have access to the electricity they need to thrive.

    Moreover, Kandiyohi Power Cooperative offers additional services to further support its members. These services may include maintenance, repairs, and upgrades to the electrical infrastructure, as well as energy efficiency programs and educational resources. By going above and beyond the traditional electric utility role, the cooperative solidifies its position as a trusted partner and advocate for its members.

    In summary, Kandiyohi Power Cooperative plays a vital role in the lives of its 8,912 members by providing electric distribution and related services. This mission extends beyond electricity, encompassing a commitment to improving the living standards and economic development of the communities it serves.

    Impact

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




    Thursday, August 15, 2024

    Kandiyohi Power Cooperative's impact is significant in providing electric distribution and related services to its 8,912 members in Spicer, MN. By ensuring a reliable source of electricity and offering related services, Kandiyohi Power Cooperative plays a crucial role in meeting the energy needs of its community and supporting the well-being and development of 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: $93,995
  • Program Service Revenue: $21,429,337
  • Gross Receipts: $22,406,136

    • Assets and Liabilities:
  • Total Assets: $73,609,035
  • Total Liabilities: $39,176,290
  • Net Assets: $34,432,745
  • Programs

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

    ELECTRIC REVENUE

    Revenue

    $21,277,348

    Organization Details

    Founding Year

    1938

    Principal Officer

    Patrick Krueger

    Main Address

    8605 47TH ST NE, SPICER, MN, 562880040

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Kandiyohi Power 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.