Prairie Energy Cooperative

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

EIN: 421506645 ✦ Clarion, IA ✦ Designated as a 501(c)(12)

Overview

What is Prairie Energy Cooperative?

Prairie Energy Cooperative is a nonprofit organization based primarily in Wright and Hancock Counties, Iowa. Their primary mission is to provide electric power to their cooperative members residing in rural areas of these counties. The cooperative aims to enrich the quality of life in their community by offering leadership, solutions, and essential services. With a workforce of 34 employees, they serve this purpose diligently.


Official website here: www.prairieenergy.coop

Is Prairie Energy Cooperative legitimate?

Prairie Energy Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Prairie Energy 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: $373,322
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,027,709

For more financial information, click here


Official website here: www.prairieenergy.coop

What is the mission statement of Prairie Energy Cooperative?

The Prairie Energy Cooperative is dedicated to delivering electric power to its members, primarily residing in rural areas of Wright and Hancock Counties in Iowa. The cooperative's mission goes beyond just providing electricity; it aims to enrich the community's quality of life through leadership, solutions, and service. The organization aspires to make a significant impact in the community. By focusing on these core aspects, Prairie Energy Cooperative strives to create a positive and sustainable environment for its members. The cooperative's efforts contribute to improving everyday life through reliable electricity and community engagement.


Official website here: www.prairieenergy.coop

Who is the CEO of Prairie Energy Cooperative?

Tim Marienau is the President of Prairie Energy Cooperative. The CEO's salary of Prairie Energy Cooperative is $132,910 and their total compensation is $188,085.


Official website here: www.prairieenergy.coop

What is the revenue of Prairie Energy Cooperative?

Prairie Energy Cooperative's revenue in 2022 was $33,622,237.


Official website here: www.prairieenergy.coop

Who are the executives of Prairie Energy Cooperative and what are their salaries?

The average compensation at Prairie Energy Cooperative during 2022 was $41,207. There are 34 employees at Prairie Energy Cooperative.

Here are 14 key members and their salaries (Prairie Energy Cooperative's CEO's salary is $132,910 and their total compensation is $188,085):

    Ken Norem (Dir. Operations & Engineer)
  • Compensation: $125,904
  • Related: $0
  • Other: $81,637

    • Todd Foss (Manager Of Business & Community Development)
  • Compensation: $106,076
  • Related: $0
  • Other: $86,173

    • Tim Marienau (Chief Executive Officer)
  • Compensation: $132,910
  • Related: $0
  • Other: $55,175

    • Timothy Slaichert (Assistant Operations Coordinator)
  • Compensation: $103,702
  • Related: $0
  • Other: $52,344

    • Weston Held (Lineman)
  • Compensation: $105,925
  • Related: $0
  • Other: $19,895

    • Hunter Venz (Lead Lineman)
  • Compensation: $100,439
  • Related: $0
  • Other: $19,777

    • Lori Demuth (Finance Manager)
  • Compensation: $88,764
  • Related: $0
  • Other: $30,173

    • Donald Christopherson (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $11,100
  • Related: $0
  • Other: $0

    • Scott Hasty (Director)
  • Compensation: $10,800
  • Related: $0
  • Other: $0

    • Marion Denger (President) [Trustee/Director]
  • Compensation: $9,900
  • Related: $0
  • Other: $0

    • Allyn Waddingham (Assistant Secretary/Treasurer) [Trustee/Director]
  • Compensation: $9,600
  • Related: $0
  • Other: $0

    • Ryan Eekhoff (Director)
  • Compensation: $9,300
  • Related: $0
  • Other: $0

    • Joshua Amonson (Vice President) [Trustee/Director]
  • Compensation: $8,400
  • Related: $0
  • Other: $0

    • Ted Hall (Director)
  • Compensation: $7,200
  • Related: $0
  • Other: $0


  • Official website here: www.prairieenergy.coop

    Where can I find the form 990 for Prairie Energy Cooperative?

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


    Official website here: www.prairieenergy.coop

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

    Mission Statement of Prairie Energy Cooperative

    Prairie Energy Cooperative, a mission-driven organization, aspires to enrich the quality of life in its community by providing leadership, solutions, and service. At its core, Prairie Energy Cooperative focuses on delivering electric power to its members, predominantly residing in the rural areas of Wright and Hancock Counties in Iowa. This essential service ensures that residents in these areas have access to reliable electricity, enhancing their daily lives and enabling them to thrive. The cooperative's commitment extends beyond electricity, aiming to contribute positively to the wellbeing of its members and the community as a whole.

    Impact

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




    Thursday, August 15, 2024

    Prairie Energy Cooperative plays a crucial role in providing electric power to its members in the rural areas of Wright and Hancock counties in the state of Iowa. By fulfilling this essential function, Prairie Energy Cooperative contributes to the quality of life in the community by ensuring reliable access to electricity for its members. Through its leadership, service, and commitment to its mission, Prairie Energy Cooperative positively impacts the lives of individuals, businesses, and organizations in the region.





    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: $98,163
  • Program Service Revenue: $29,656,657
  • Gross Receipts: $33,770,673

    • Assets and Liabilities:
  • Total Assets: $72,702,398
  • Total Liabilities: $35,775,280
  • Net Assets: $36,927,118
  • Programs

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

    SALE OF POWER

    Revenue

    $29,639,824

    METER TECH

    Revenue

    $16,833

    Organization Details

    Founding Year

    2000

    Principal Officer

    Tim Marienau

    Main Address

    PO BOX 353, CLARION, IA, 50525

    NTEE Category

    Code: Y22 - Mutual benefit

    If you are a representative of Prairie Energy 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.