Overview
What is Todd-Wadena Electric Cooperative Inc?
Todd-Wadena Electric Cooperative Inc is a nonprofit organization headquartered in Wadena, Minnesota. With a team of 29 employees, they provide reliable, safe, and affordable electricity to their 7,503 members. Beyond electric services, they offer various enhanced programs designed to conserve energy and promote efficiency. These initiatives include energy conservation and efficiency grants, rebates, free consultations, energy analysis services, and standalone generators. Todd-Wadena Electric also offers a renewable wind energy option and maintains a strong commitment to community involvement. They distribute funds through the 'Operation Round Up' program, which supports local community organizations, donating approximately $26,000 in 2022. Additionally, they sponsor youth initiatives, contributing $8,400 in 2022 to support 4H and a youth representative on the NRECA Youth Tour to Washington DC. Their mission emphasizes responsibility and utility services, while their values prioritize members, safety, communication, employees, service, and equity sharing.
Official website here: www.toddwadena.coop
Is Todd-Wadena Electric Cooperative Inc legitimate?
Todd-Wadena Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Todd-Wadena Electric Cooperative Inc 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: $592,116
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.toddwadena.coop
What is the mission statement of Todd-Wadena Electric Cooperative Inc?
Todd-Wadena Electric Cooperative Inc is dedicated to delivering reliable, safe, and affordable electricity to its members. The cooperative's mission goes beyond just providing utility services, as it values its members, safety, communication, employees, service, and equity sharing. Its vision is to add value to the members it serves. The cooperative offers various enhanced services including energy conservation and efficiency grants, rebates, free consultations, and an energy analysis service. It also provides a renewable wind energy option, safety education, a loan program, multiple payment options, a monthly newsletter, and an interactive website. The cooperative is actively involved in its community, donating funds to local organizations and supporting youth initiatives. In 2022, it distributed $26,000 to 14 local service groups through its 'Operation Round Up' program, and sponsored 4H shirts and a youth representative on the NRECA Youth Tour. In addition, it supported education by paying out uncashed capital credits checks worth $6,000.
Official website here: www.toddwadena.coop
Who is the CEO of Todd-Wadena Electric Cooperative Inc?
Lisa Graba-Meech is the Board Chair of Todd-Wadena Electric Cooperative Inc. The CEO's salary of Todd-Wadena Electric Cooperative Inc is $228,690 and their total compensation is $300,130.
Official website here: www.toddwadena.coop
What is the revenue of Todd-Wadena Electric Cooperative Inc?
Todd-Wadena Electric Cooperative Inc's revenue in 2022 was $22,509,338.
Official website here: www.toddwadena.coop
Who are the executives of Todd-Wadena Electric Cooperative Inc and what are their salaries?
The average compensation at Todd-Wadena Electric Cooperative Inc during 2022 was $20,418. There are 29 employees at Todd-Wadena Electric Cooperative Inc.
Here are 14 key members and their salaries (Todd-Wadena Electric Cooperative Inc's CEO's salary is $228,690 and their total compensation is $300,130):
- Todd Miller (Operations Manager)
- Dan Carlisle (President/Ceo)
- Lisa Graba-Meech (Finance Manager/Cfo)
- Jon Grenier (Crew Chief)
- Jason Orlando (Crew Chief)
- Allison Frederickson (Member Service Manager)
- Jamie Line (Crew Chief)
- Miles Kuschel (Board Chair) [Trustee/Director]
- Kristine Spadgenske (Director)
- Tom Brichacek (Vice Chair) [Trustee/Director]
- Marie Katterhagen (Secretary) [Trustee/Director]
- Dale Adams (Treasurer) [Trustee/Director]
- Gene Kern (Director)
- Michael Thorson (Director)
Official website here: www.toddwadena.coop
Where can I find the form 990 for Todd-Wadena Electric Cooperative Inc?
The Todd-Wadena Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.toddwadena.coop
Learn more at the official website: www.toddwadena.coop
Mission Statement of Todd-Wadena Electric Cooperative Inc
Todd-Wadena Electric Cooperative Inc is dedicated to delivering reliable, safe, and affordable electricity to its members. Leveraging a mission grounded in value, the cooperative strives to responsibly provide utility services to its community. Its core values include members, safety, communication, employees, service, and equity sharing.
Todd-Wadena Electric Cooperative Inc offers various enhanced services tailored to the needs of its 7,503 members. These include energy conservation and efficiency grants, rebates, free consultations, an energy analysis service, and the option for standalone generators. The cooperative also provides a renewable wind energy option, safety education, a loan program, multiple payment options, a monthly newsletter, and an interactive website. In addition, the organization contributes to the local community by donating funds to various groups and organizations, such as schools, community action programs, fire departments, city festivals, and senior centers.
The 'Operation Round Up' program, overseen by an independent board of directors, is a 501(C)(3) initiative funded entirely by Todd-Wadena's members. This program distributes funds to local community organizations, including food shelves, school groups, civic groups, senior centers, historical societies, fire and rescue departments, and more. In 2022, $26,000 was distributed to 14 local service groups through this program. Beyond financial support, Todd-Wadena Electric Cooperative Inc also contributes to youth development by sponsoring local initiatives, such as 4H projects and supporting a youth representative on the NRECA Youth Tour to Washington D.C. In 2022, the cooperative underwrote $5,600 for these initiatives. Overall, Todd-Wadena Electric Cooperative Inc's commitment to community programs is reflected in its sponsorships, employee time provided, and the significant impact it has on the lives of its members and the local community.
Impact
This information is meant to be a general summary of Todd-Wadena Electric Cooperative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Todd-Wadena Electric Cooperative Inc has a significant impact on its community by providing reliable, safe, and affordable electricity to its members. In addition to their core service, the cooperative actively supports various community groups and organizations through donations and sponsorship. For example, they donated about $9,505 to multiple community organizations in 2022, including schools, fire departments, and city festivals. Todd-Wadena Electric Cooperative also runs a 'Operation Round Up' program that funds projects undertaken by local community organizations, distributing $26,000 to 14 local service groups in 2022 alone.
Furthermore, the cooperative actively supports local youth by underwriting activities such as sponsoring 4H T-shirts and supporting youth representatives on educational trips to Washington DC. Todd-Wadena Electric Cooperative also prioritizes education by supporting initiatives like uncashed capital credits checks, paying out $6,000 to benefit educational efforts. With a commitment to community programs, the cooperative provided $10,450 in sponsorships and employee time to support the communities they serve.
In summary, Todd-Wadena Electric Cooperative Inc is not only dedicated to providing essential utility services but also actively contributes to the well-being and development of its community through various support programs and initiatives.
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 ELECTRICITY
Revenue
$22,028,170
Organization Details
Founding Year
1940
Phone
(218) 631-3120
Principal Officer
Lisa Graba-Meech
Main Address
PO BOX 431, WADENA, MN, 56482
Website
www.toddwadena.coop
NTEE Category
Code: W80 - Public benefit
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