Overview
What is L&O Power Cooperative Inc?
L&O Power Cooperative Inc, located in Rock Rapids, Iowa, functions primarily as a wholesale power supplier to four rural distribution cooperatives. The cooperative also offers wheeling services to three municipalities. By selling electricity to its members, L&O Power Cooperative generates income to cover losses and expenses. This nonprofit organization's mission is dedicated to providing power to its cooperatives and municipalities.
Official website here: www.landopowercoop.com
Is L&O Power Cooperative Inc legitimate?
L&O Power Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. L&O Power 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: $62,550
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.landopowercoop.com
What is the mission statement of L&O Power Cooperative Inc?
L&O Power Cooperative Inc is primarily focused on the sale of electricity to its member cooperatives. This business model is designed to generate income, which in turn, is utilized to cover losses and expenses. Serving as a wholesale power supplier to four rural distribution cooperatives, L&O Power Cooperative plays a crucial role in the electricity supply chain. Additionally, the cooperative offers wheeling services to three municipalities, further expanding its scope of operations. By providing electricity to its members and municipalities, L&O Power Cooperative contributes to the consistent flow of power essential for various communities.
Official website here: www.landopowercoop.com
Who is the CEO of L&O Power Cooperative Inc?
David Deboer is the President of L&O Power Cooperative Inc. The CEO's salary of L&O Power Cooperative Inc is $0 and their total compensation is $0.
Official website here: www.landopowercoop.com
What is the revenue of L&O Power Cooperative Inc?
L&O Power Cooperative Inc's revenue in 2022 was $39,486,397.
Official website here: www.landopowercoop.com
Who are the executives of L&O Power Cooperative Inc and what are their salaries?
- David Huff (Vice President) [Trustee/Director]
- David Deboer (President) [Trustee/Director]
- Steven Voss (Sec/Treasurer) [Trustee/Director]
- Lucas Roskamp (Director)
- David Hansen (Director)
- Dan Leuthold (Director)
- Nolan Kooiker (Director)
- Ronald Jacobs (Director)
- David Meschke (Director)
- Glenn Dicks (Director)
- Adam Hoekstra (Director)
- Gregg Johnson (Director)
- Curt Dieren (Manager/Ceo)
Official website here: www.landopowercoop.com
Where can I find the form 990 for L&O Power Cooperative Inc?
The L&O Power Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.landopowercoop.com
Learn more at the official website: www.landopowercoop.com
Mission Statement of L&O Power Cooperative Inc
L&O Power Cooperative Inc, a wholesale power supplier, exists to sell electricity to four rural distribution cooperatives and three municipalities. The cooperative's primary mission is to generate income, exclusively for the purpose of covering losses and expenses. By providing electric power to these entities, L&O Power Cooperative ensures their operations continue smoothly and effectively. In turn, the cooperative secures its financial stability, maintaining its ability to serve its members diligently. The sale of electricity is the lifeblood of L&O Power Cooperative, fueling its operations and enabling it to make a valuable contribution to the communities it serves.
Impact
This information is meant to be a general summary of L&O Power Cooperative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Name: L&O Power Cooperative Inc, a wholesale power supplier to rural distribution cooperatives.
Impact: L&O Power Cooperative Inc plays a crucial role in ensuring reliable access to electricity for residents in rural areas by supplying power to four rural distribution cooperatives and providing wheeling services to three municipalities. This not only helps in meeting the energy needs of these communities but also contributes to the economic development by supporting various businesses and households that rely on electricity for their daily operations. Additionally, by generating income solely to cover losses and expenses, L&O Power Cooperative Inc ensures the sustainability of its operations, which further enhances its impact on the local energy sector.
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.
ELECTRICITY SOLD TO MEMBERS
Revenue
$33,888,295
GEN & TRANS. CAPITAL CREDITS
Revenue
$4,010,318
SPP-RTO REVENUE
Revenue
$978,032
OTHER OPERATING INCOME
Revenue
$373,929
Organization Details
Founding Year
1952
Phone
(712) 472-2556
Principal Officer
David Deboer
Main Address
1302 SOUTH UNION STREET, ROCK RAPIDS, IA, 51246
Website
www.landopowercoop.com
NTEE Category
Code: W80 - Public benefit
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