Overview
What is Heartland Power Cooperative?
Heartland Power Cooperative is a nonprofit organization based in Thompson, Iowa. With a team of 25 employees, they are dedicated to providing electricity to rural communities. Through continuous investments, they have improved their distribution system by rebuilding 24.5 miles of overhead lines, installing 9.25 miles of underground lines, and adding new services for 34 members. Additionally, they have replaced 621 old poles, inspected 4,744 poles, and installed arrestors and electronic trip savers to enhance reliability and reduce outages. Their mission is to be the preferred energy and service provider for all consumers, aiming to improve the quality of life of their members and contribute to the economic and social well-being of the region at the most affordable cost.
Official website here: www.heartlandpower.com
Is Heartland Power Cooperative legitimate?
Heartland Power Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Heartland Power Cooperative 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: $499,563
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,397,137
For more financial information, click here
Official website here: www.heartlandpower.com
What is the mission statement of Heartland Power Cooperative?
Heartland Power Cooperative is dedicated to providing electricity to rural communities. Their vision extends beyond just energy provision, aiming to be the preferred choice for consumers. The cooperative focuses on enhancing the quality of life of its members and contributing to the economic and social well-being of the region, all while keeping costs low. To maintain the reliability of their distribution system, they have invested in various improvements. They've rebuilt 24.5 miles of overhead lines, installed 9.25 miles of underground lines, and connected 34 new services. Additionally, 621 new poles were placed, and 4,744 poles were inspected for decay or damage. Furthermore, they added 293 arrestors to lines to drain off lightning surges and installed 239 security lights for improved safety.
Official website here: www.heartlandpower.com
Who is the CEO of Heartland Power Cooperative?
Jon Leerar is the President of Heartland Power Cooperative. The CEO's salary of Heartland Power Cooperative is $175,675 and their total compensation is $218,715.
Official website here: www.heartlandpower.com
What is the revenue of Heartland Power Cooperative?
Heartland Power Cooperative's revenue in 2022 was $29,708,110.
Official website here: www.heartlandpower.com
Who are the executives of Heartland Power Cooperative and what are their salaries?
The average compensation at Heartland Power Cooperative during 2022 was $75,868. There are 25 employees at Heartland Power Cooperative.
Here are 11 key members and their salaries (Heartland Power Cooperative's CEO's salary is $175,675 and their total compensation is $218,715):
- Jon Leerar (Ceo/General Manager)
- Dave Low (Director Of Operations)
- Karrie Pringnitz (Director Of Finance)
- Vince Morische (Secretary) [Trustee/Director]
- Don Knudtson (President) [Trustee/Director]
- Michael Cole (Director)
- Mark Kingland (Vice President) [Trustee/Director]
- Tricia Jaeger (Treasurer) [Trustee/Director]
- Roger Tjarks (Director)
- Roger Solomonson (Director)
- Gary Pearson (Asst. Secretary-Treasurer) [Trustee/Director]
Official website here: www.heartlandpower.com
Where can I find the form 990 for Heartland Power Cooperative?
The Heartland Power Cooperative’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.heartlandpower.com
Learn more at the official website: www.heartlandpower.com
Mission Statement of Heartland Power Cooperative
Heartland Power Cooperative, a leading electricity provider, is committed to enhancing the quality of life of its members and contributing to the economic and social well-being of the region. With a clear vision to be the preferred choice for energy and services by all consumers, Heartland Power Cooperative prioritizes providing electrical energy and other essential services at the lowest possible cost, consistent with sound economic and management decisions.
To uphold this commitment, Heartland Power Cooperative invests in various improvements for its distribution system, ensuring the condition of its infrastructure remains optimal. The cooperative rebuilt 24.5 miles of overhead lines and installed 9.25 miles of underground lines, connecting 34 new services and installing 621 new poles for new line, new services, and for ordinary replacement. Furthermore, Heartland Power Cooperative inspected 4,744 poles for decay or damage, identified 39 poles that require replacement, and added 293 arrestors to lines to prevent lightning surges and improve reliability, reducing outages. Additionally, the cooperative repaired 239 security lights to maintain safety and enhance the overall performance of its power distribution network.
Impact
This information is meant to be a general summary of Heartland Power Cooperative. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Heartland Power Cooperative's impact can be seen in the vital services it provides to rural communities. Through its investments in new service lines, line improvements, and infrastructure maintenance, Heartland Power Cooperative plays a crucial role in ensuring the reliable supply of electricity to its members. The cooperative's efforts to rebuild overhead lines, install underground lines, connect new services, and replace aging infrastructure demonstrate its commitment to enhancing the quality of life for residents in the region. By focusing on improving reliability, reducing outages, and keeping costs low, Heartland Power Cooperative is contributing to the economic and social well-being of the communities it serves.
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 POWER
Revenue
$28,592,284
CAPITAL CREDITS
Revenue
$890,672
Organization Details
Founding Year
1997
Phone
(641) 584-2251
Principal Officer
Jon Leerar
Main Address
216 JACKSON ST, THOMPSON, IA, 504780065
Website
www.heartlandpower.com
NTEE Category
Code: W80 - Public benefit
If you are a representative of Heartland Power Cooperative 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.