Price Electric Cooperative

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

EIN: 390548758 ✦ Phillips, WI ✦ Designated as a 501(c)(12)

Overview

What is Price Electric Cooperative?

Price Electric Cooperative is a nonprofit organization based in Phillips, Wisconsin. Its primary mission involves distributing electric services to approximately 8,776 rural members and consumers in the area. With a dedicated workforce of 25 employees, the cooperative focuses on providing essential power services to rural communities.


Official website here: www.priceelectric.coop

Is Price Electric Cooperative legitimate?

Price Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Price Electric 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: $315,687
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.priceelectric.coop

What is the mission statement of Price Electric Cooperative?

Price Electric Cooperative is dedicated to delivering electric services to approximately 8,776 rural members and consumers. Their primary objective revolves around the distribution of electricity to these individuals living in rural areas. The cooperative's mission is geared towards ensuring that these members have access to essential electric services in their daily lives.


Official website here: www.priceelectric.coop

Who is the CEO of Price Electric Cooperative?

Jeffery Olson is the Lineman of Price Electric Cooperative.


Official website here: www.priceelectric.coop

What is the revenue of Price Electric Cooperative?

Price Electric Cooperative's revenue in 2022 was $14,850,390.


Official website here: www.priceelectric.coop

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

The average compensation at Price Electric Cooperative during 2022 was $12,627. There are 25 employees at Price Electric Cooperative.

Here are 16 key members and their salaries:

    Jeffery Olson (President/Ce)
  • Compensation: $165,770
  • Related: $0
  • Other: $150,893

    • Jesse Heinz (Lineman)
  • Compensation: $151,415
  • Related: $0
  • Other: $34,951

    • David Pisca (Foreman)
  • Compensation: $131,607
  • Related: $0
  • Other: $44,038

    • Jacob Kraetke (Lineman)
  • Compensation: $142,526
  • Related: $0
  • Other: $29,785

    • Christopher Burnis (Lineman)
  • Compensation: $133,416
  • Related: $0
  • Other: $34,464

    • Loren Erickson (Mgr Of Fin A)
  • Compensation: $98,625
  • Related: $0
  • Other: $55,614

    • Isaac D Weik (Lineman)
  • Compensation: $139,092
  • Related: $0
  • Other: $10,275

    • Mitchell Meives (Director)
  • Compensation: $8,319
  • Related: $0
  • Other: $0

    • Joan Points (Sec/Treas) [Trustee/Director]
  • Compensation: $8,271
  • Related: $0
  • Other: $0

    • Randy Kunsch (Chairman) [Trustee/Director]
  • Compensation: $7,883
  • Related: $0
  • Other: $0

    • Karen Newbury (Director)
  • Compensation: $5,898
  • Related: $0
  • Other: $0

    • Mark Nyberg (Director)
  • Compensation: $4,807
  • Related: $0
  • Other: $0

    • Robert Hennes (Director)
  • Compensation: $4,513
  • Related: $0
  • Other: $0

    • Edward Hainy (Vice Chairma) [Trustee/Director]
  • Compensation: $4,104
  • Related: $0
  • Other: $0

    • William S Haggard (Director)
  • Compensation: $3,761
  • Related: $0
  • Other: $0

    • Matt Christianson (Director)
  • Compensation: $3,736
  • Related: $0
  • Other: $0


  • Official website here: www.priceelectric.coop

    Where can I find the form 990 for Price Electric Cooperative?

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


    Official website here: www.priceelectric.coop

    Learn more at the official website: www.priceelectric.coop

    Mission Statement of Price Electric Cooperative

    Price Electric Cooperative, a prominent nonprofit organization, is dedicated to the essential mission of bringing electricity to 8,776 rural members and consumers. By distributing electric service, this cooperative plays a crucial role in improving the quality of life and enabling economic opportunities in less urbanized areas.

    In pursuit of its primary exempt purpose, Price Electric Cooperative goes above and beyond to deliver electric power to the rural community it serves. This mission is not only about providing a basic necessity but also about empowering its members with the means to thrive in their daily lives. By connecting homes, farms, and businesses to the electric grid, the cooperative fosters a strong foundation for sustainable development and progress.

    Price Electric Cooperative is a beacon of hope and progress for the rural population it serves. Its commitment to distributing electric service is a key factor in enabling its members to access essential modern amenities, improve productivity, and ultimately, secure a better future. The organization's unwavering dedication to its mission fosters a sense of community and empowers its members to reach their full potential.

    Impact

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




    Thursday, August 15, 2024

    Price Electric Cooperative provides essential electric service to 8,776 rural members/consumers in Phillips, Wisconsin. By distributing electricity to these rural areas, the cooperative plays a crucial role in powering homes, businesses, and farms, supporting economic development and enhancing the quality of life for its members. Through its mission to provide reliable and affordable electricity, Price Electric Cooperative contributes to the sustainability and well-being of the local community.





    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: $79,256
  • Program Service Revenue: $14,432,704
  • Gross Receipts: $14,870,093

    • Assets and Liabilities:
  • Total Assets: $53,415,812
  • Total Liabilities: $32,003,154
  • Net Assets: $21,412,658
  • Programs

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

    ELECTRIC REVENUE

    Revenue

    $13,780,509

    OTHER REVENUE

    Revenue

    $281,804

    G&T CAPITAL CREDITS

    Revenue

    $210,404

    OTHER CAPITAL CREDITS

    Revenue

    $154,273

    POLE RENTAL

    Revenue

    $5,714

    Organization Details

    Founding Year

    1940

    Principal Officer

    Jeffery Olson

    Main Address

    PO BOX 110, PHILLIPS, WI, 54555

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Price Electric 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.