East Central Energy

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

EIN: 410480748 ✦ Braham, MN ✦ Designated as a 501(c)(12)

Overview

What is East Central Energy?

East Central Energy is a nonprofit organization dedicated to providing electric energy and related services to approximately 60,935 members. Their primary mission revolves around the distribution of electricity to their community.


Official website here: www.eastcentralenergy.com

Is East Central Energy legitimate?

East Central Energy is a legitimate nonprofit organization registered as a 501(c)(12) entity. East Central Energy 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: $1,320,744
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.eastcentralenergy.com

What is the mission statement of East Central Energy?

East Central Energy is committed to delivering electric distribution and related services to its 63,549 members. The organization's primary goal is to provide electric energy to its customer base. Beyond energy distribution, East Central Energy offers additional services to support its members. The mission of East Central Energy revolves around ensuring the provision of reliable electric energy to those it serves.


Official website here: www.eastcentralenergy.com

Who is the CEO of East Central Energy?

Steve Shurts is the Principal Officer of East Central Energy. The CEO's salary of East Central Energy is $236,642 and their total compensation is $356,078.


Official website here: www.eastcentralenergy.com

What is the revenue of East Central Energy?

East Central Energy's revenue in 2022 was $136,415,496.


Official website here: www.eastcentralenergy.com

Who are the executives of East Central Energy and what are their salaries?

The average compensation at East Central Energy during 2022 was $7,378. There are 179 employees at East Central Energy.

Here are 23 key members and their salaries (East Central Energy's CEO's salary is $236,642 and their total compensation is $356,078):

    Lisa Prachar (Vp/Chief Financial Officer)
  • Compensation: $200,001
  • Related: $0
  • Other: $242,941

    • Justin Jahnz (President/Ceo)
  • Compensation: $236,642
  • Related: $0
  • Other: $119,436

    • Andy Olson (Vp/Chief Operating Officer)
  • Compensation: $206,924
  • Related: $0
  • Other: $136,053

    • Ty Houglum (Vp/Chief Information Officer)
  • Compensation: $176,701
  • Related: $0
  • Other: $108,244

    • David Waletski (Manager, Engineering)
  • Compensation: $166,718
  • Related: $0
  • Other: $99,165

    • Tor Kindem (Crew Foreman)
  • Compensation: $174,019
  • Related: $0
  • Other: $91,291

    • Mark Nelson (Manager, Business Accounts)
  • Compensation: $147,157
  • Related: $0
  • Other: $109,494

    • Mark Machovec (Line Technician)
  • Compensation: $158,370
  • Related: $0
  • Other: $60,842

    • Kevin Klocke (Line Personnel)
  • Compensation: $155,973
  • Related: $0
  • Other: $18,359

    • Linda Laitala (Chair) [Trustee/Director]
  • Compensation: $22,000
  • Related: $0
  • Other: $0

    • Greg Kvanicka (Asst. Secretary/Treasurer) [Trustee/Director]
  • Compensation: $16,800
  • Related: $0
  • Other: $0

    • Jerry Tvedt (Vice Chair) [Trustee/Director]
  • Compensation: $15,100
  • Related: $0
  • Other: $0

    • Wayne Eller (Director)
  • Compensation: $14,100
  • Related: $0
  • Other: $0

    • Garry Bye (Director)
  • Compensation: $13,500
  • Related: $0
  • Other: $0

    • Lonnie Johnson (Director)
  • Compensation: $13,200
  • Related: $0
  • Other: $0

    • Shelly Nault (Director)
  • Compensation: $12,875
  • Related: $0
  • Other: $0

    • Joseph Morley (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $12,675
  • Related: $0
  • Other: $0

    • Jim Jesok (Director)
  • Compensation: $11,900
  • Related: $0
  • Other: $0

    • Ron Volker (Director)
  • Compensation: $11,575
  • Related: $0
  • Other: $0

    • Rick Olson (Director)
  • Compensation: $11,400
  • Related: $0
  • Other: $0

    • David Deutschlander (Director)
  • Compensation: $11,300
  • Related: $0
  • Other: $0

    • Wes Siemers (Director)
  • Compensation: $4,100
  • Related: $0
  • Other: $0

    • Diane Zimmerman (Director)
  • Compensation: $3,300
  • Related: $0
  • Other: $0


  • Official website here: www.eastcentralenergy.com

    Where can I find the form 990 for East Central Energy?

    The East Central Energy’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.eastcentralenergy.com

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

    Mission Statement of East Central Energy

    East Central Energy, a leading distributor of electric energy, is dedicated to delivering power and related services to its 63,549 members. The organization's central mission is to provide electric distribution, ensuring a consistent energy supply for its community of customers.

    In pursuit of this objective, East Central Energy goes beyond the mere distribution of electricity. By offering additional services, the organization ensures its members receive comprehensive support. Its commitment to its members extends beyond the provision of energy, making East Central Energy an essential partner in their daily lives.

    East Central Energy's activities encompass the delivery of electric energy to its 60,935 members. This critical role is matched by the organization's dedication to maintaining the reliability and efficiency of its energy distribution network. Through its mission, East Central Energy strives to create a sustainable energy future for its community, ensuring a consistent energy supply and fostering a better quality of life for its members.

    Impact

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




    Thursday, August 15, 2024

    East Central Energy's impact revolves around efficiently distributing electric energy to its 60,935 members in the Braham, MN area. By ensuring reliable electricity supply and providing related services, East Central Energy plays a crucial role in powering homes, businesses, and communities in the region. Through its mission to provide electric distribution services, East Central Energy contributes to the economic development and quality of life for 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: $432,040
  • Program Service Revenue: $134,646,028
  • Gross Receipts: $136,416,423

    • Assets and Liabilities:
  • Total Assets: $359,107,957
  • Total Liabilities: $216,712,795
  • Net Assets: $142,395,162
  • Programs

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

    ELECTRIC SALES

    Revenue

    $132,401,699

    CAPITAL CREDITS

    Revenue

    $2,244,329

    Organization Details

    Founding Year

    1936

    Principal Officer

    Steve Shurts

    Main Address

    PO BOX 39, BRAHAM, MN, 550060039

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of East Central Energy 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.