Consumers Energy

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

EIN: 420396598 ✦ Marshalltown, IA ✦ Designated as a 501(c)(12)

Overview

What is Consumers Energy?

Consumers Energy is a cooperative based in Marshalltown, Iowa, with a US address at 2074 242nd St. The organization, which employs 29 people, is dedicated to delivering reliable electric energy service to a community of 6,241 members. Consumers Energy prioritizes member safety and affords them electricity at reasonable and equitable rates, as stated in their mission.


Official website here: www.consumersenergy.coop

Is Consumers Energy legitimate?

Consumers Energy is a legitimate nonprofit organization registered as a 501(c)(12) entity. Consumers 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: $484,513
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,886,129

For more financial information, click here


Official website here: www.consumersenergy.coop

What is the mission statement of Consumers Energy?

Consumers Energy is committed to delivering reliable electric energy service to its members in a safe and efficient manner. The cooperative's mission is to provide affordable and equitable rates for its members. In total, Consumers Energy served 6,241 members with electricity. The cooperative prioritizes the safety of its operations and ensuring that its members receive consistent power supply. By offering electricity at affordable and equitable rates, Consumers Energy aims to contribute positively to its members' lives. The cooperative's operations are geared towards providing essential energy services, enhancing the communities it serves and fostering sustainable growth.


Official website here: www.consumersenergy.coop

Who is the CEO of Consumers Energy?

Bridget Itzen is the President of Consumers Energy. The CEO's salary of Consumers Energy is $184,627 and their total compensation is $239,515.


Official website here: www.consumersenergy.coop

What is the revenue of Consumers Energy?

Consumers Energy's revenue in 2022 was $23,381,240.


Official website here: www.consumersenergy.coop

Who are the executives of Consumers Energy and what are their salaries?

The average compensation at Consumers Energy during 2022 was $81,746. There are 29 employees at Consumers Energy.

Here are 16 key members and their salaries (Consumers Energy's CEO's salary is $184,627 and their total compensation is $239,515):

    Kevin Peterson (Coo/Operations Manager)
  • Compensation: $143,464
  • Related: $0
  • Other: $96,138

    • Bridget Itzen (Ceo/General Manager)
  • Compensation: $184,627
  • Related: $0
  • Other: $54,888

    • Elliot Mayland (Operations Supervisor)
  • Compensation: $110,897
  • Related: $0
  • Other: $63,113

    • Rick Dolash (Lead Lineman)
  • Compensation: $112,306
  • Related: $0
  • Other: $48,433

    • Russell Mjolsness (Lineman)
  • Compensation: $103,633
  • Related: $0
  • Other: $54,048

    • James Harger (Lead Lineman)
  • Compensation: $106,741
  • Related: $0
  • Other: $46,797

    • Max Upah (Lineman)
  • Compensation: $103,646
  • Related: $0
  • Other: $33,140

    • Denny Beckman (President) [Trustee/Director]
  • Compensation: $6,908
  • Related: $0
  • Other: $0

    • Pat Vonahnen (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $6,777
  • Related: $0
  • Other: $0

    • Bill Hobson (Director)
  • Compensation: $5,068
  • Related: $0
  • Other: $0

    • Tony Lem (Director)
  • Compensation: $4,775
  • Related: $0
  • Other: $0

    • Craig Griffieon (Vice President) [Trustee/Director]
  • Compensation: $3,800
  • Related: $0
  • Other: $0

    • Steve Quick (Director)
  • Compensation: $3,620
  • Related: $0
  • Other: $0

    • Robert Meimann (Asst. Secretary/Treasurer) [Trustee/Director]
  • Compensation: $3,435
  • Related: $0
  • Other: $0

    • Arden Greiner (Director)
  • Compensation: $2,690
  • Related: $0
  • Other: $0

    • Jennifer Sease (Director)
  • Compensation: $2,610
  • Related: $0
  • Other: $0


  • Official website here: www.consumersenergy.coop

    Where can I find the form 990 for Consumers Energy?

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


    Official website here: www.consumersenergy.coop

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

    Mission Statement of Consumers Energy

    Consumers Energy, a cooperative dedicated to delivering reliable electric energy service, works tirelessly to ensure its members receive power in a safe and equitable manner at affordable rates. Committed to safety, the cooperative strives to maintain a consistent power supply for its 6,241 members, making sure their daily lives are not disrupted by power outages. Consumers Energy prides itself on providing essential energy services at rates that are not only affordable but also equitable, ensuring access to power for all members regardless of their financial backgrounds. By focusing on safety and affordability, Consumers Energy fosters a strong sense of trust and reliability among its members.

    Impact

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




    Thursday, August 15, 2024

    Consumers Energy's impact lies in safely providing members with reliable electric energy service at affordable and equitable rates. Through their cooperative model, Consumers Energy served a total of 6,241 members in Marshalltown, Iowa. Their mission is to ensure all members receive consistent and safe electricity services at fair prices, thus contributing to the well-being and development of the community they serve.





    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: $45,961
  • Program Service Revenue: $23,419,377
  • Gross Receipts: $23,710,033

    • Assets and Liabilities:
  • Total Assets: $60,262,626
  • Total Liabilities: $31,793,494
  • Net Assets: $28,469,132
  • Programs

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

    SALE OF POWER

    Revenue

    $22,892,148

    COOP CAPITAL CREDITS

    Revenue

    $435,977

    OTHER NON-OPERATING

    Revenue

    $91,252

    Organization Details

    Founding Year

    1938

    Principal Officer

    Bridget Itzen

    Main Address

    2074 242ND ST, MARSHALLTOWN, IA, 50158

    NTEE Category

    Code: W80 - Public benefit

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