Overview
What is Prairie Power Inc?
Prairie Power Inc is a member-owned not-for-profit electric generation and transmission cooperative based in Springfield, Illinois, specifically at 3130 Pleasant Run. The cooperative's primary activity involves purchasing and generating kilowatt hours of electricity to sell to member systems. With a mission to market reliable and competitively-priced energy and other services, Prairie Power Inc aims to serve its community effectively. The cooperative employs 72 individuals to carry out its operations.
Official website here: www.ppi.coop
What are the reviews and ratings of this charity?
Prairie Power Inc is not currently rated by Charity Navigator. The absence of a rating does not necessarily suggest negative or positive performance, but simply reflects that the organization cannot presently be evaluated under Charity Navigator's metrics as it is not a 501(c)(3) registered nonprofit. Lack of financial and operational transparency data, such as total revenue, expenses, and key personnel salaries, limits deeper assessments typically provided for 501(c)(3) organizations.
Charity Navigator evaluates nonprofits primarily under Accountability & Finance and Impact & Measurement frameworks, among others. Given Prairie Power Inc's designation outside 501(c)(3) registration, these standard methodologies do not apply. Historically, non-501(c)(3) organizations like Prairie Power Inc have limitations in assessments due to different regulatory and operational frameworks compared to traditional nonprofits.
With no reviews available from GreatNonprofits, public sentiment and experiences with Prairie Power Inc remain undocumented. This absence highlights a gap in stakeholders' insights and direct feedback, making it challenging to infer constituents’ perceptions or areas of improvement based on public input or user reviews.
This AI summary has been generated from information found on Charity Navigator.
Is Prairie Power Inc legitimate?
Prairie Power Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Prairie Power 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 tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,826,412
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,669,840
For more financial information, click here
Official website here: www.ppi.coop
What is the mission statement of Prairie Power Inc?
Prairie Power Inc is a member-owned not-for-profit electric generation and transmission cooperative. The cooperative's mission is centered around marketing reliable and competitively-priced energy and other services. Through this endeavor, they aim to cater to the needs of their member systems effectively. The focus on reliability and competitiveness ensures that Prairie Power Inc remains a trusted energy provider. The cooperative's procurement of kilowatt hours of electricity, both purchased and generated, is a critical aspect of delivering on its commitment to its members.
Official website here: www.ppi.coop
Who is the CEO of Prairie Power Inc?
Eric Hobbie is the CEO of Prairie Power Inc The CEO's salary of Prairie Power Inc is $490,157 and their total compensation is $692,978.
Official website here: www.ppi.coop
What is the revenue of Prairie Power Inc?
Prairie Power Inc's revenue in 2023 was $173,048,857.
Official website here: www.ppi.coop
Who are the executives of Prairie Power Inc and what are their salaries?
The average compensation at Prairie Power Inc during 2023 was $90,226. There are 72 employees at Prairie Power Inc.
Here are 41 key members and their salaries (Prairie Power Inc's CEO's salary is $490,157 and their total compensation is $692,978):
- Compensation: $490,157
- Related: $0
- Other: $202,821
- Compensation: $199,596
- Related: $0
- Other: $79,134
- Compensation: $205,399
- Related: $0
- Other: $62,468
- Compensation: $216,730
- Related: $0
- Other: $50,658
- Compensation: $200,728
- Related: $0
- Other: $49,385
- Compensation: $186,697
- Related: $0
- Other: $57,951
- Compensation: $185,699
- Related: $0
- Other: $60,119
- Compensation: $186,044
- Related: $0
- Other: $52,334
- Compensation: $153,315
- Related: $0
- Other: $53,809
- Compensation: $151,280
- Related: $0
- Other: $48,849
- Compensation: $143,937
- Related: $0
- Other: $48,995
- Compensation: $153,044
- Related: $0
- Other: $38,160
- Compensation: $138,396
- Related: $0
- Other: $49,945
- Compensation: $92,278
- Related: $0
- Other: $40,884
- Compensation: $10,100
- Related: $0
- Other: $0
- Compensation: $9,750
- Related: $0
- Other: $0
- Compensation: $9,750
- Related: $0
- Other: $0
- Compensation: $9,750
- Related: $0
- Other: $0
- Compensation: $9,400
- Related: $0
- Other: $0
- Compensation: $8,700
- Related: $0
- Other: $0
- Compensation: $8,700
- Related: $0
- Other: $0
- Compensation: $7,650
- Related: $0
- Other: $0
- Compensation: $7,300
- Related: $0
- Other: $0
- Compensation: $6,250
- Related: $0
- Other: $0
- Compensation: $3,150
- Related: $0
- Other: $0
- Compensation: $1,400
- Related: $0
- Other: $0
- Compensation: $350
- Related: $0
- Other: $0
- Compensation: $350
- Related: $0
- Other: $0
- Compensation: $350
- Related: $0
- Other: $0
- Compensation: $350
- Related: $0
- Other: $0
- Compensation: $350
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ppi.coop
Where can I find the form 990 for Prairie Power Inc?
Prairie Power Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ppi.coop
Learn more at the official website: www.ppi.coop
Mission Statement of Prairie Power Inc
Prairie Power Inc, a member-owned not-for-profit electric generation and transmission cooperative, is dedicated to marketing reliable and competitively-priced energy and other services. The cooperative's primary objective is to ensure a steady supply of electricity for its member systems. To accomplish this mission, Prairie Power Inc engages in the purchasing and generation of kilowatt hours of electricity. By doing so, they can offer their members a consistent energy supply at reasonable rates. In essence, Prairie Power Inc acts as a bridge between energy producers and consumer cooperatives, facilitating the delivery of electricity to its members. The cooperative's commitment to reliability and affordability makes it an essential partner in the electric power sector.
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Impact
October, 2024
Prairie Power Inc plays a vital role in ensuring energy reliability and affordability for its member systems in Illinois. By purchasing and generating kilowatt hours of electricity, the cooperative actively supports its mission to provide reliable, competitively-priced energy. Located in Springfield, Prairie Power Inc serves as an essential resource for its members, contributing to the overall stability and efficiency of the electrical grid. Their focus on public benefit underscores a commitment to serving communities, enabling access to necessary services while promoting sustainable energy practices.
This information is meant to be a general summary of Prairie Power Inc. 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 2023.
- Investment Income: $1,373,310
- Program Service Revenue: $171,405,039
- Gross Receipts: $174,494,510
Assets and Liabilities:
- Total Assets: $762,936,088
- Total Liabilities: $635,370,088
- Net Assets: $127,566,000
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC SALES
Revenue
$143,090,111
PATRONAGE CAPITAL REVENUE
Revenue
$3,321,139
DISTRIBUTION REVENUE
Revenue
$3,192,164
Organization Details
Founding Year
1963
Principal Officer
Eric Hobbie
Website
www.ppi.coopNTEE Category
Code: W80 - Public benefit
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