Overview
What is Lake Country Power Electric Trust?
Lake Country Power Electric Trust is a charitable fund established within the Lake Country Power Electric Cooperative service area. This nonprofit organization collects donations from cooperative members by rounding up their energy bills to the nearest whole dollar each month. The excess amount contributed to the trust serves as a funding source for various non-profit organizations that primarily cater to the needs of the community served by Lake Country Power Electric Cooperative. The trust's purpose is to support causes related to community service, education and youth, environment, and emergency energy assistance. By doing so, Lake Country Power Electric Trust contributes to the betterment of the local community.
Is Lake Country Power Electric Trust legitimate?
Lake Country Power Electric Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Country Power Electric Trust 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 tax deductible.
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What is the mission statement of Lake Country Power Electric Trust?
The Lake Country Power Electric Trust serves as a funding source for various non-profit organizations primarily within its operational area. This is made possible through the contributions of Lake Country Power Electric Cooperative members, who allow their energy bills to be rounded up to the nearest whole dollar amount each month. The excess amount beyond the energy bill is then contributed to the trust. The primary aim of the trust is to accumulate and disburse funds for charitable and educational purposes, primarily in the areas served by Lake Country Power Cooperative. Donations from the trust are primarily directed towards community service, education and youth, environmental, and emergency energy assistance initiatives.
Who is the CEO of Lake Country Power Electric Trust?
Tracy Peterson Wirtanen is the President of Lake Country Power Electric Trust.
What is the revenue of Lake Country Power Electric Trust?
Lake Country Power Electric Trust's revenue in 2022 was $210,527.
Who are the executives of Lake Country Power Electric Trust and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Lake Country Power Electric Trust?
Lake Country Power Electric Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lake Country Power Electric Trust
Lake Country Power Electric Trust is an entity that serves as a funding source for various non-profit organizations primarily operating in the area served by Lake Country Power Electric Cooperative. This trust is funded through the contributions of participating members of Lake Country Power Electric Cooperative, who allow their energy bills to be rounded up to the nearest whole dollar amount each month. The excess amount beyond the energy bill is then contributed to the trust.
The primary purpose of Lake Country Power Electric Trust is to accumulate and disburse funds for charitable and educational purposes, primarily within the areas served by Lake Country Power Cooperative. This non-profit organization utilizes the donations it receives to support community service, education and youth, environmental, and emergency energy assistance initiatives. By providing these funds, Lake Country Power Electric Trust plays a vital role in supporting the broader community and fostering positive change in various sectors.
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Impact
October, 2024
Lake Country Power Electric Trust significantly impacts its community by providing vital funding to various nonprofit organizations throughout the areas served by Lake Country Power Electric Cooperative. By round-up contributions from participating members’ energy bills, the Trust generates financial resources that are directed toward community service initiatives, educational programs, youth activities, environmental projects, and emergency energy assistance.
This innovative funding model allows members to contribute effortlessly, while the accumulated funds are channeled into meaningful local projects. Charitable organizations benefit from this support, enabling them to enhance their services and reach more individuals in need. The Trust plays a crucial role in fostering community development and ensuring that essential services are accessible to those who require assistance, ultimately enriching the lives of residents in the region.
This information is meant to be a general summary of Lake Country Power Electric Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
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.
- Gross Receipts: $210,527
Assets and Liabilities:
- Total Assets: $36,504
- Total Liabilities: $0
- Net Assets: $36,504
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Organization Details
Founding Year
2004
Phone
(800) 421-9959Principal Officer
Tracy Peterson Wirtanen
Main Address
26039 BEAR RIDGE DRIVE, COHASSET, MN, 55721
NTEE Category
Code: T30 - Philanthropy
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