People's Cooperative Services

People'S Energy Cooperative

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

EIN: 410473341 ✦ Oronoco, MN ✦ Designated as a 501(c)(12)

Overview

What is People's Cooperative Services?

People's Cooperative Services is a Minnesota-based cooperative with a mission to purchase electric energy and sell it to its members. Established at 1775 Lake Shady Avenue South, Oronoco, with a ZIP code of 55960, the cooperative operates under the name "People's Energy Cooperative" and employs 73 individuals. Its primary role is to distribute electricity to its cooperative members, ensuring a reliable energy source for their daily needs.


Official website here: www.peoplesenergy.coop

Is People's Cooperative Services legitimate?

People's Cooperative Services is a legitimate nonprofit organization registered as a 501(c)(12) entity. People's Cooperative Services 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: $681,092
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.peoplesenergy.coop

What is the mission statement of People's Cooperative Services?

People's Cooperative Services operates with the goal of supplying electricity to its cooperative members. The cooperative serves a crucial role in the community by purchasing electric energy and distributing it among its members. Its mission is centered around providing essential electric power to its members. By doing so, the cooperative contributes significantly to the quality of life and daily operations of the households and businesses it serves. The cooperative's unwavering commitment to fulfilling this vital function is essential for the well-being and progress of the community it supports.


Official website here: www.peoplesenergy.coop

Who is the CEO of People's Cooperative Services?

Dody Wubker is the Director (Through March 2022) of People's Cooperative Services. The CEO's salary of People's Cooperative Services is $233,389 and their total compensation is $373,989.


Official website here: www.peoplesenergy.coop

What is the revenue of People's Cooperative Services?

People's Cooperative Services's revenue in 2022 was $57,980,247.


Official website here: www.peoplesenergy.coop

Who are the executives of People's Cooperative Services and what are their salaries?

The average compensation at People's Cooperative Services during 2022 was $9,330. There are 73 employees at People's Cooperative Services.

Here are 15 key members and their salaries (People's Cooperative Services's CEO's salary is $233,389 and their total compensation is $373,989):

    Michael J Henke (Ceo/President)
  • Compensation: $233,389
  • Related: $0
  • Other: $140,600

    • Michelle Olson (Director Of Member Service)
  • Compensation: $128,987
  • Related: $0
  • Other: $81,787

    • Patrick Nelson (Director Of Engineering & Operations)
  • Compensation: $144,295
  • Related: $0
  • Other: $65,721

    • Gwen Stevens (Relations)
  • Compensation: $127,474
  • Related: $0
  • Other: $81,999

    • Anthony Stern (Cfo)
  • Compensation: $134,131
  • Related: $0
  • Other: $46,378

    • Tyler Steinbrink (Lineworker)
  • Compensation: $134,513
  • Related: $0
  • Other: $45,918

    • Gary Fitterer (Director Of Engineering)
  • Compensation: $130,703
  • Related: $0
  • Other: $34,107

    • Tracy Lauritzen (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $21,825
  • Related: $0
  • Other: $0

    • Jodie Tvedt (Director)
  • Compensation: $21,375
  • Related: $0
  • Other: $0

    • Jerome Wooner (Board Chair) [Trustee/Director]
  • Compensation: $18,900
  • Related: $0
  • Other: $0

    • Art Friedrich (Vice Chair) [Trustee/Director]
  • Compensation: $18,500
  • Related: $0
  • Other: $0

    • Jeffery Orth (Director)
  • Compensation: $16,375
  • Related: $0
  • Other: $0

    • Robert J Hoefs (Director)
  • Compensation: $15,425
  • Related: $0
  • Other: $0

    • Jonathan Kroening (Director (Started March 2022))
  • Compensation: $14,976
  • Related: $0
  • Other: $0

    • Joe Book (Director (Through March 2022))
  • Compensation: $3,999
  • Related: $0
  • Other: $0


  • Official website here: www.peoplesenergy.coop

    Where can I find the form 990 for People's Cooperative Services?

    The People's Cooperative Services’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.peoplesenergy.coop

    Learn more at the official website: www.peoplesenergy.coop

    Mission Statement of People's Cooperative Services

    People's Cooperative Services, a mission-driven organization, is dedicated to providing electricity to its cooperative members. Established with the primary goal of purchasing electric energy and distributing it among its members, this cooperative plays a crucial role in ensuring a consistent electricity supply. By doing so, it enhances the daily lives and living conditions of those it serves.

    The cooperative's commitment to its members extends beyond the simple act of energy distribution. It is an essential part of the community, contributing significantly to the overall well-being of its members. Through its unwavering dedication, People's Cooperative Services enables its members to lead more comfortable and connected lives, fostering a sense of unity and shared progress.

    In essence, People's Cooperative Services is more than just an electricity provider; it is a beacon of community support and a testament to the power of collective action. By pooling resources and working together, its members can access the essential energy required to thrive, all while fostering a strong sense of belonging and collaboration.

    Impact

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




    Thursday, August 15, 2024

    People's Cooperative Services impacts the community by ensuring the distribution of electricity to its members in Oronoco, MN. This reliable source of energy plays a crucial role in powering homes, businesses, and essential services in the area. By fulfilling its mission to distribute electricity, People's Cooperative Services contributes to the well-being of its members and the overall public benefit of the community.





    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: $2,046,415
  • Program Service Revenue: $54,703,554
  • Gross Receipts: $66,531,485

    • Assets and Liabilities:
  • Total Assets: $177,175,352
  • Total Liabilities: $111,011,044
  • Net Assets: $66,164,308
  • Programs

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

    SALE OF POWER

    Revenue

    $54,703,554

    Organization Details

    Founding Year

    1936

    Principal Officer

    Dody Wubker

    Main Address

    1775 LAKE SHADY AVENUE SOUTH, ORONOCO, MN, 55960

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of People's Cooperative Services 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.