Overview
What is Southern Minnesota Energy Cooperative?
Southern Minnesota Energy Cooperative is a non-profit electric cooperative, headquartered in Albert Lea, MN. They serve twelve member cooperatives in southern Minnesota by providing electrical services. The organization's primary mission revolves around the sale of electricity to these cooperatives. By supplying electricity, they ensure reliable access to power for various communities in the region.
Is Southern Minnesota Energy Cooperative legitimate?
Southern Minnesota Energy Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Southern Minnesota 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: $20,738
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Southern Minnesota Energy Cooperative?
Southern Minnesota Energy Cooperative is a non-profit organization dedicated to delivering electrical services to a dozen cooperatives located in the southern part of Minnesota. Based in Albert Lea, the cooperative focuses on powering communities in the region. Its mission revolves around providing essential electricity to its member cooperatives, ensuring the availability of a reliable energy source for their members. The cooperative operates as a unified network, pooling resources and expertise to efficiently manage and distribute electricity. By serving as a trusted energy provider, Southern Minnesota Electric Cooperative contributes to the economic and social well-being of its member cooperatives and the communities they serve.
Who is the CEO of Southern Minnesota Energy Cooperative?
Jim Krueger is the President of Southern Minnesota Energy Cooperative. The CEO's salary of Southern Minnesota Energy Cooperative is $20,738 and their total compensation is $20,738.
What is the revenue of Southern Minnesota Energy Cooperative?
Southern Minnesota Energy Cooperative's revenue in 2022 was $70,310,993.
Who are the executives of Southern Minnesota Energy Cooperative and what are their salaries?
- Richard Burud (Ceo)
- Brian Krambeer (President) [Trustee/Director]
- Adam Tromblay (Vice-President) [Trustee/Director]
- Jim Krueger (Treasurer) [Trustee/Director]
- Syd Briggs (Director)
- Ryan Hentges (Secretary) [Trustee/Director]
- Ron Horman (Director)
- Tim Mccarthy (Director)
- Scott Reimer (Director)
- Dave Sunderman (Director)
- Mike Heidemann (Director)
- Mike Henke (Director)
Where can I find the form 990 for Southern Minnesota Energy Cooperative?
The Southern Minnesota Energy Cooperative’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Southern Minnesota Energy Cooperative
Southern Minnesota Electric Cooperative, a non-profit organization based in Minnesota, is dedicated to supplying electrical power to a dozen member cooperatives across the southern part of the state. The cooperative's mission is to distribute electricity to its members, ensuring that communities in this region have a reliable source of energy. With its headquarters situated in Albert Lea, the cooperative plays a crucial role in providing essential electrical services to these twelve cooperatives.
Impact
This information is meant to be a general summary of Southern Minnesota Energy Cooperative. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Southern Minnesota Energy Cooperative's impact is significant in providing electricity to its members in southern Minnesota. Through its operations, it ensures that households and businesses in the region have access to reliable electrical service. This in turn supports economic activities, enhances quality of life, and contributes to the overall development of the communities it serves. Its mission to provide electricity in a cooperative and mutually beneficial manner underscores its commitment to supporting its members and fostering sustainable growth in the region.
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 ELECTRICITY
Revenue
$69,859,035
Organization Details
Founding Year
2013
Phone
(507) 373-6421
Principal Officer
Jim Krueger
Main Address
31110 COOPERATIVE WAY, RUSHFORD, MN, 55971
NTEE Category
Code: W80 - Public benefit
If you are a representative of Southern Minnesota 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.