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Central Electric Cooperative Inc

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

EIN: 411955109 ✦ Mitchell, SD ✦ Designated as a 501(c)(12)

Overview

What is Central Electric Cooperative Inc?

Central Electric Cooperative Inc, based in Mitchell, South Dakota, is a nonprofit organization serving approximately 4,976 members. Their mission is to deliver reliable energy and services at a good value, covering over 4,480 miles. With a strong commitment to safety and member satisfaction, the cooperative employs 48 individuals to ensure the provision of essential electrical services.


Official website here: www.centralec.coop

Is Central Electric Cooperative Inc legitimate?

Central Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Central 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: $507,308
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,916,123

For more financial information, click here


Official website here: www.centralec.coop

What is the mission statement of Central Electric Cooperative Inc?

Central Electric Cooperative Inc is dedicated to delivering reliable energy and services to its members at reasonable costs. They prioritize the safety of their operations and strive for member satisfaction. The cooperative provides electric service to approximately 4,976 members, covering over 4,480 miles. Their commitment extends beyond electricity, ensuring the communities they serve have access to essential energy solutions. Central Electric Cooperative Inc's mission is to maintain a strong and dependable energy infrastructure while fostering meaningful connections with its members. Their team is always working to enhance the overall energy experience and address the unique needs of each community.


Official website here: www.centralec.coop

Who is the CEO of Central Electric Cooperative Inc?

Ken Schlimgen is the Director of Central Electric Cooperative Inc.


Official website here: www.centralec.coop

What is the revenue of Central Electric Cooperative Inc?

Central Electric Cooperative Inc's revenue in 2022 was $36,210,968.


Official website here: www.centralec.coop

Who are the executives of Central Electric Cooperative Inc and what are their salaries?

The average compensation at Central Electric Cooperative Inc during 2022 was $92,155. There are 48 employees at Central Electric Cooperative Inc.

Here are 17 key members and their salaries:

    Dustin Roskens (Line Superintendent)
  • Compensation: $124,039
  • Related: $0
  • Other: $78,192

    • Ken Schlimgen (General Manager)
  • Compensation: $192,342
  • Related: $0
  • Other: $8,551

    • Jesse Baker (Area Foreman)
  • Compensation: $123,172
  • Related: $0
  • Other: $52,066

    • Dean Uher (Mgr Of Finance & Admin)
  • Compensation: $100,328
  • Related: $0
  • Other: $69,785

    • Patrick Soukup (Manager Of Member Services)
  • Compensation: $121,612
  • Related: $0
  • Other: $34,692

    • Brian Bultje (Manager Of Operations)
  • Compensation: $141,955
  • Related: $0
  • Other: $8,510

    • Tim Neises (Area Foreman)
  • Compensation: $122,121
  • Related: $0
  • Other: $8,790

    • Merle Bechen (Director)
  • Compensation: $19,816
  • Related: $0
  • Other: $0

    • Donita Loudner (Director)
  • Compensation: $17,066
  • Related: $0
  • Other: $0

    • Jeff Gustafson (Director)
  • Compensation: $16,791
  • Related: $0
  • Other: $0

    • Mark Hofer (Secretary) [Trustee/Director]
  • Compensation: $15,966
  • Related: $0
  • Other: $0

    • Duane Wolbrink (President) [Trustee/Director]
  • Compensation: $15,716
  • Related: $0
  • Other: $0

    • Todd Van Walleghen (Vice President) [Trustee/Director]
  • Compensation: $15,691
  • Related: $0
  • Other: $0

    • Mark Reindl (Treasurer) [Trustee/Director]
  • Compensation: $15,416
  • Related: $0
  • Other: $0

    • Roger Campbell (Director)
  • Compensation: $14,591
  • Related: $0
  • Other: $0

    • Bernetta Burghardt (Director (Ended 9/2022))
  • Compensation: $8,758
  • Related: $0
  • Other: $0

    • Bob Banks (Director (Began 09/2022))
  • Compensation: $4,179
  • Related: $0
  • Other: $0


  • Official website here: www.centralec.coop

    Where can I find the form 990 for Central Electric Cooperative Inc?

    The Central Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.centralec.coop

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

    Mission Statement of Central Electric Cooperative Inc

    Central Electric Cooperative Inc, a dedicated provider of reliable energy and services, operates with a commitment to ensuring member satisfaction and prioritizing safety. The organization's mission is twofold: first, to deliver energy and related services; second, to accomplish this mission with unwavering commitment to safety and member satisfaction.

    Central Electric Cooperative Inc's team of professionals work tirelessly to provide electric service to approximately 4,976 members, covering over 4,480 miles. Their primary goal is to deliver dependable energy solutions, ensuring that each household and business connected to their network can count on them for uninterrupted power. The cooperative's dedication to safety is evident in their rigorous adherence to industry standards and regular maintenance checks.

    Moreover, Central Electric Cooperative Inc is not only focused on providing energy services but also aims to exceed member expectations. By maintaining a strong commitment to safety, the organization instills trust and confidence in its members. This member-centric approach is a testament to their dedication to ensuring a good value for their customers. By continuously improving and implementing new technologies, Central Electric Cooperative Inc stays at the forefront of the energy industry, ensuring that their members receive the best possible service.

    Impact

    This information is meant to be a general summary of Central 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

    Central Electric Cooperative Inc's impact is significant in providing reliable energy and services at a good value to approximately 4,976 cooperative members covering over 4,480 miles. Through its mission of providing energy and services with a commitment to safety and member satisfaction, Central Electric Cooperative Inc plays a vital role in supporting the community by ensuring access to essential electricity services.





    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: $10,824
  • Program Service Revenue: $36,077,138
  • Gross Receipts: $38,316,392

    • Assets and Liabilities:
  • Total Assets: $109,967,351
  • Total Liabilities: $62,159,975
  • Net Assets: $47,807,376
  • Programs

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

    SALE OF POWER

    Revenue

    $33,382,524

    CAPITAL CREDITS

    Revenue

    $2,694,614

    Organization Details

    Founding Year

    2000

    Principal Officer

    Ken Schlimgen

    Main Address

    PO BOX 850, MITCHELL, SD, 57301

    NTEE Category

    Code: K200 - Food

    If you are a representative of Central Electric Cooperative Inc 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.