Overview
What is Minnkota Power Cooperative Inc?
Minnkota Power Cooperative Inc, located at 5301 32nd Avenue South in Grand Forks, North Dakota (ZIPCd 58201), is a nonprofit rural electric cooperative focused on generating and transmitting electric power for eleven member cooperatives. The cooperative's mission encompasses creating and distributing electricity to enhance the daily lives and communities of its members. With a workforce of 418 employees, Minnkota Power plays a crucial role in ensuring a reliable power supply for its cooperatives and the communities they serve.
Official website here: www.minnkota.com
Is Minnkota Power Cooperative Inc legitimate?
Minnkota Power Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Minnkota 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: $4,814,677
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.minnkota.com
What is the mission statement of Minnkota Power Cooperative Inc?
Minnkota Power Cooperative is a not-for-profit organization dedicated to producing and distributing electricity to its affiliated cooperatives. It functions as a power generator and transmitter, supplying electrical energy to eleven member cooperatives. The cooperative's core purpose revolves around delivering reliable and sustainable electric power to its member cooperatives and their communities. By working together, Minnkota Power Cooperative ensures a consistent electricity supply, enabling its members to provide essential services to their customers. Their commitment extends beyond mere power generation, emphasizing a collaborative approach to meet the ever-evolving energy needs of their members.
Official website here: www.minnkota.com
Who is the CEO of Minnkota Power Cooperative Inc?
Robert Mclennan is the President & Ceo of Minnkota Power Cooperative Inc. The CEO's salary of Minnkota Power Cooperative Inc is $986,822 and their total compensation is $1,172,472.
Official website here: www.minnkota.com
What is the revenue of Minnkota Power Cooperative Inc?
Minnkota Power Cooperative Inc's revenue in 2022 was $451,623,057.
Official website here: www.minnkota.com
Who are the executives of Minnkota Power Cooperative Inc and what are their salaries?
The average compensation at Minnkota Power Cooperative Inc during 2022 was $11,518. There are 418 employees at Minnkota Power Cooperative Inc.
Here are 28 key members and their salaries (Minnkota Power Cooperative Inc's CEO's salary is $986,822 and their total compensation is $1,172,472):
- Robert Mclennan (President & Ceo)
- Lowell Stave (Vice President And Coo)
- Gerad Paul (General Counsel-Vp Of Legal, Compliance & Risk Mgmt)
- Jami Hovet (Vice President Of Administration)
- Kay Schraeder (Vice President And Cfo)
- Craig Bleth (Vice President Of Project Development)
- Dan Inman (Vice President And Ciso)
- Gerry Pfau (Senior Manager Of Project Development)
- Todd Sailer (Vice President Of Power Supply)
- Andrew Sorbo (Vice President Strategic Initiatives)
- Grant Gunderson (Senior Manager Power Delivery Operations)
- Brendan Kennelly (Vice President Of Power Delivery)
- Stacey Dahl (Senior Manager Of External Affairs)
- Theresa Brorby (Senior Manager Of Internal Audit And Risk)
- Tim Hagerott (Senior Manager Of Power Production)
- Andrew Freidt (Senior Manager Or Resource Planning)
- Les Windjue (Board Chair) [Trustee/Director]
- Rick Coe (Board Member) [Trustee/Director]
- Colette Kujava (Board Secretary/Treasurer) [Trustee/Director]
- Mark Habedank (Board Vice Chair) [Trustee/Director]
- Greg Spaulding (Board Member) [Trustee/Director]
- Steve Arnesen (Board Member) [Trustee/Director]
- Mike Wahl (Board Member) [Trustee/Director]
- Anthony Ottem (Board Member) [Trustee/Director]
- Kalvin Hoff (Board Member) [Trustee/Director]
- Roger Krostue (Board Member) [Trustee/Director]
- Tom Woinarowicz (Board Member) [Trustee/Director]
- Marcy Svenningsen (Board Member) [Trustee/Director]
Official website here: www.minnkota.com
Where can I find the form 990 for Minnkota Power Cooperative Inc?
The Minnkota Power Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.minnkota.com
Learn more at the official website: www.minnkota.com
Mission Statement of Minnkota Power Cooperative Inc
Minnkota Power Cooperative, a rural electric cooperative, is dedicated to the essential task of generating and transmitting electric power for eleven member cooperatives. This nonprofit organization plays a vital role in providing electricity to its cooperative members, ensuring their access to this essential resource. With a mission centered around power generation and transmission, Minnkota Power Cooperative is a cornerstone of energy provision in the rural communities it serves.
Impact
This information is meant to be a general summary of Minnkota 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
Minnkota Power Cooperative Inc has a significant impact as a key player in the generation and transmission of electric power for rural areas. By supplying electricity to eleven member cooperatives, Minnkota Power plays a vital role in ensuring that rural communities have access to reliable and affordable electricity. This helps to support economic development, enhance quality of life, and improve overall living standards in these areas. Furthermore, Minnkota Power's focus on rural electrification contributes to the sustainability and stability of the electric grid, thereby benefiting both its members and the broader community.
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 ELECTRIC POWER
Revenue
$447,046,055
Organization Details
Founding Year
1940
Phone
(701) 795-4000
Principal Officer
Robert Mclennan
Main Address
5301 32nd Avenue South, Grand Forks, ND, 58201
Website
www.minnkota.com
NTEE Category
Code: W80 - Public benefit
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