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Mille Lacs Energy Cooperative

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

EIN: 410411772 ✦ Aitkin, MN ✦ Designated as a 501(c)(12)

Overview

What is Mille Lacs Energy Cooperative?

Mille Lacs Energy Cooperative is a nonprofit organization headquartered in Aitkin, Minnesota. With a mission to provide reliable and competitively priced energy services, they have served 13,583 members and maintained 2,008 miles of infrastructure in 2022. Their primary activity is delivering electric distribution to the community, contributing to the well-being of 13,583 cooperative members. The cooperative's team includes 53 dedicated employees who ensure the effective and responsible delivery of essential energy services.


Official website here: www.mlecmn.net

Is Mille Lacs Energy Cooperative legitimate?

Mille Lacs Energy Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Mille Lacs Energy 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: $456,283
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,982,753

For more financial information, click here


Official website here: www.mlecmn.net

What is the mission statement of Mille Lacs Energy Cooperative?

Mille Lacs Energy Cooperative is dedicated to delivering responsible energy services to its members and customers. Their mission is to provide reliable and competitively priced energy, ensuring the needs of those they serve are met. The cooperative aims to offer a range of products in addition to electricity distribution. In 2022, they served 13,583 members, maintaining 2,008 miles of infrastructure to ensure a steady supply of energy.


Official website here: www.mlecmn.net

Who is the CEO of Mille Lacs Energy Cooperative?

Sarah Cron is the President of Mille Lacs Energy Cooperative. The CEO's salary of Mille Lacs Energy Cooperative is $199,657 and their total compensation is $246,836.


Official website here: www.mlecmn.net

What is the revenue of Mille Lacs Energy Cooperative?

Mille Lacs Energy Cooperative's revenue in 2022 was $29,203,634.


Official website here: www.mlecmn.net

Who are the executives of Mille Lacs Energy Cooperative and what are their salaries?

The average compensation at Mille Lacs Energy Cooperative during 2022 was $83,755. There are 53 employees at Mille Lacs Energy Cooperative.

Here are 14 key members and their salaries (Mille Lacs Energy Cooperative's CEO's salary is $199,657 and their total compensation is $246,836):

    Sarah Cron (Ceo)
  • Compensation: $199,657
  • Related: $0
  • Other: $47,179

    • Anthony Klee (Lineman)
  • Compensation: $119,800
  • Related: $0
  • Other: $45,440

    • Nikolaus Borchert (Lineman)
  • Compensation: $130,981
  • Related: $0
  • Other: $27,035

    • William Fillion (Operations Manager)
  • Compensation: $129,909
  • Related: $0
  • Other: $27,916

    • Tanner Clasen (Lineman)
  • Compensation: $121,431
  • Related: $0
  • Other: $23,805

    • Jay Eide (Lineman)
  • Compensation: $126,433
  • Related: $0
  • Other: $13,704

    • Lincoln Messner (Accounting & Finance Mgr)
  • Compensation: $99,089
  • Related: $0
  • Other: $11,325

    • Harold Harms (President) [Trustee/Director]
  • Compensation: $18,057
  • Related: $0
  • Other: $0

    • Aileen Demenge (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $15,888
  • Related: $0
  • Other: $0

    • Bruce Robinson (Assist Secretary/Treasurer) [Trustee/Director]
  • Compensation: $14,908
  • Related: $0
  • Other: $0

    • Mike Reem (Vice President) [Trustee/Director]
  • Compensation: $14,743
  • Related: $0
  • Other: $0

    • Don Appel (Director)
  • Compensation: $12,943
  • Related: $0
  • Other: $0

    • Mark Anderson (Director)
  • Compensation: $11,478
  • Related: $0
  • Other: $0

    • Derik Midthun (Director)
  • Compensation: $10,888
  • Related: $0
  • Other: $0


  • Official website here: www.mlecmn.net

    Where can I find the form 990 for Mille Lacs Energy Cooperative?

    The Mille Lacs Energy Cooperative’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.mlecmn.net

    Learn more at the official website: www.mlecmn.net

    Mission Statement of Mille Lacs Energy Cooperative

    Mille Lacs Energy Cooperative, a dedicated provider, is committed to responsibly delivering dependable, competitively-priced energy, services, and products to cater to the requirements of its 13,583 members and customers. The cooperative takes pride in its mission, which extends beyond simply distributing electricity, and aims to meet and exceed the energy needs of its community.

    In practice, Mille Lacs Energy Cooperative worked diligently in 2022 to distribute electric services to 13,583 members, reaching a total of 2,008 miles in its network. This achievement underscores the cooperative's unwavering dedication to its members and customers, ensuring they have access to essential energy services that support their daily lives. By providing reliable and competitively priced energy, Mille Lacs Energy Cooperative contributes to the overall well-being and stability of the communities it serves.

    Impact

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




    Thursday, August 15, 2024

    Mille Lacs Energy Cooperative provides electric distribution service to 13,583 members in AITKIN, Minnesota. In 2022, they served these members with 2,008 miles of electric distribution service. Their mission is to responsibly provide reliable, competitively priced energy, services, and products to meet the needs of their members and customers.





    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: $282,848
  • Program Service Revenue: $28,950,155
  • Gross Receipts: $29,203,634

    • Assets and Liabilities:
  • Total Assets: $88,985,955
  • Total Liabilities: $56,744,118
  • Net Assets: $32,241,837
  • Programs

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

    Electric Sales

    Revenue

    $28,132,399

    Capital Credits

    Revenue

    $491,998

    Other Sales

    Revenue

    $325,758

    Organization Details

    Founding Year

    1939

    Principal Officer

    Sarah Cron

    Main Address

    PO Box 230, Aitkin, MN, 56431

    NTEE Category

    Code: W80Z - Public benefit

    If you are a representative of Mille Lacs Energy 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.