Mckenzie Electric Cooperative Inc

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

EIN: 450217439 ✦ Watford city, ND ✦ Designated as a 501(c)(12)

Overview

What is Mckenzie Electric Cooperative Inc?

Mckenzie Electric Cooperative Inc is a nonprofit organization headquartered at 3817 23rd Ave NE, Watford City, North Dakota, with a ZIP code of 58854. The cooperative's primary mission is to provide electric energy to its members. Established for tax-exempt purposes, its objective is to ensure a reliable and affordable energy source for all consumers within its boundaries. The cooperative strives to make electricity available to its member base and works diligently to maintain a steady power supply at the most reasonable cost. With a team of 69 dedicated employees, Mckenzie Electric Cooperative Inc is committed to delivering electricity to its community.


Official website here: www.mckenzieelectric.com

Is Mckenzie Electric Cooperative Inc legitimate?

Mckenzie Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Mckenzie Electric 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: $590,982
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,668,843

For more financial information, click here


Official website here: www.mckenzieelectric.com

What is the mission statement of Mckenzie Electric Cooperative Inc?

Mckenzie Electric Cooperative Inc is committed to making electric energy available to all consumers within its reach. The organization's primary mission is to ensure a dependable source of central station power and strive to make that energy as reliable as possible, all while keeping costs low. The cooperative works diligently to deliver electric energy to its members, prioritizing access and affordability. Its goal is to provide a consistent and economical power supply for the benefit of its consumer base.


Official website here: www.mckenzieelectric.com

Who is the CEO of Mckenzie Electric Cooperative Inc?

Matt Hanson is the Chair of Mckenzie Electric Cooperative Inc. The CEO's salary of Mckenzie Electric Cooperative Inc is $222,722 and their total compensation is $261,798.


Official website here: www.mckenzieelectric.com

What is the revenue of Mckenzie Electric Cooperative Inc?

Mckenzie Electric Cooperative Inc's revenue in 2022 was $401,082,882.


Official website here: www.mckenzieelectric.com

Who are the executives of Mckenzie Electric Cooperative Inc and what are their salaries?

The average compensation at Mckenzie Electric Cooperative Inc during 2022 was $90,722. There are 69 employees at Mckenzie Electric Cooperative Inc.

Here are 16 key members and their salaries (Mckenzie Electric Cooperative Inc's CEO's salary is $222,722 and their total compensation is $261,798):

    Matt Hanson (Ceo)
  • Compensation: $222,722
  • Related: $0
  • Other: $39,076

    • Jamie Cross (Business Manager)
  • Compensation: $156,490
  • Related: $0
  • Other: $57,655

    • Karl Aaker (Director Of Engineering Ser)
  • Compensation: $156,561
  • Related: $0
  • Other: $44,986

    • Colt Rangen (Journeymen)
  • Compensation: $136,317
  • Related: $0
  • Other: $37,010

    • Zane Frick (Director Of Operations)
  • Compensation: $136,569
  • Related: $0
  • Other: $33,464

    • Steven Lautenschlager (Contractor Management)
  • Compensation: $151,246
  • Related: $0
  • Other: $6,243

    • Eric Hellandsaas (Journeymen)
  • Compensation: $139,163
  • Related: $0
  • Other: $12,484

    • Richard Jore (Director)
  • Compensation: $28,013
  • Related: $0
  • Other: $0

    • Chris Link (Director)
  • Compensation: $26,884
  • Related: $0
  • Other: $0

    • Cameron Wahlstrom (Director)
  • Compensation: $24,767
  • Related: $0
  • Other: $0

    • Travis Thompson (Director-At-Large)
  • Compensation: $24,638
  • Related: $0
  • Other: $0

    • Ray Tescher (Vice Chair) [Trustee/Director]
  • Compensation: $23,438
  • Related: $0
  • Other: $0

    • Clayton Monsen (Chair) [Trustee/Director]
  • Compensation: $22,352
  • Related: $0
  • Other: $0

    • Ken Sanford (Director)
  • Compensation: $22,038
  • Related: $0
  • Other: $0

    • Tim Wasem (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $21,288
  • Related: $0
  • Other: $0

    • Stephan Kershisnik (Director)
  • Compensation: $18,352
  • Related: $0
  • Other: $0


  • Official website here: www.mckenzieelectric.com

    Where can I find the form 990 for Mckenzie Electric Cooperative Inc?

    The Mckenzie Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.mckenzieelectric.com

    Learn more at the official website: www.mckenzieelectric.com

    Mission Statement of Mckenzie Electric Cooperative Inc

    Mckenzie Electric Cooperative Inc, a tax-exempt organization, strives to bring electric energy to all consumers within its boundaries. The cooperative's mission is twofold: making electric energy accessible and ensuring a reliable and affordable source of central station power. By delivering electricity to its members, Mckenzie Electric Cooperative Inc works tirelessly to meet the energy needs of the community it serves.

    The cooperative is dedicated to ensuring an adequate power supply and continually works to improve the reliability of the energy it provides. This commitment to reliability and affordability drives the cooperative to explore various means of energy production and delivery, all while keeping costs as low as possible for its members. Mckenzie Electric Cooperative Inc's unwavering focus on energy accessibility and reliability sets it apart as a vital resource for the community it serves.

    Impact

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




    Thursday, August 15, 2024

    Mckenzie Electric Cooperative Inc impacts its community by providing essential electricity services to its members. The cooperative's mission is to ensure all consumers within its boundaries have access to electric energy in a reliable and cost-effective manner. By fulfilling this mission, Mckenzie Electric Cooperative Inc plays a crucial role in supporting economic activities, enhancing quality of life, and promoting sustainable development 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: $1,587,878
  • Program Service Revenue: $359,849,028
  • Gross Receipts: $401,082,882

    • Assets and Liabilities:
  • Total Assets: $520,136,868
  • Total Liabilities: $141,846,198
  • Net Assets: $378,290,670
  • Programs

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

    ELECTRIC REVENUE

    Revenue

    $359,849,028

    Organization Details

    Founding Year

    1945

    Principal Officer

    Matt Hanson

    Main Address

    3817 23RD AVE NE, WATFORD CITY, ND, 58854

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Mckenzie Electric Cooperative Inc 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.