Washington Island Electric Cooperative

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

EIN: 390688605 ✦ Washington is, WI ✦ Designated as a 501(c)(12)

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Overview

What is Washington Island Electric Cooperative?

Washington Island Electric Cooperative, located in Washington Island, Wisconsin, is a nonprofit organization with a mission to supply its members with reliable electric services at a competitive market price. With a small team of four dedicated individuals, this cooperative works diligently to ensure the electricity needs of its members are met, fostering a sense of community and reliability. By offering dependable electric services, Washington Island Electric Cooperative plays a crucial role in supporting the everyday lives of its members on the island.


Official website here: www.wiecoop.com/

Is Washington Island Electric Cooperative legitimate?

Washington Island Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Washington Island 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 tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $124,190
Professional Fundraising Fees: $0
Other Salaries and Wages: $209,909

For more financial information, click here


Official website here: www.wiecoop.com/

What is the mission statement of Washington Island Electric Cooperative?

Washington Island Electric Cooperative's mission is centered around providing its members with dependable electric services. They strive to do so at a competitive market price, ensuring affordability and reliability for their clientele. The cooperative's primary focus is on maintaining a balance between service quality and market competitiveness, ultimately aiming to meet the electrical needs of its membership base effectively.


Official website here: www.wiecoop.com/

Who is the CEO of Washington Island Electric Cooperative?

Orion Mann is the President of Washington Island Electric Cooperative.


Official website here: www.wiecoop.com/

What is the revenue of Washington Island Electric Cooperative?

Washington Island Electric Cooperative's revenue in 2022 was $2,133,742.


Official website here: www.wiecoop.com/

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

The average compensation at Washington Island Electric Cooperative during 2022 was $83,525. There are 4 employees and 7 volunteers at Washington Island Electric Cooperative.


Here are 8 key members and their salaries:


Orion Mann (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mack Gunnlaugsson (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lee Engstrom (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Bjarnarson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Jorgenson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hoyt Purinton (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joel Gunnlaugsson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Cornell (Manager)
  • Compensation: $116,890
  • Related: $0
  • Other: $0


Official website here: www.wiecoop.com/

Where can I find the form 990 for Washington Island Electric Cooperative?

Washington Island Electric Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.wiecoop.com/

Learn more at the official website: www.wiecoop.com/

Mission Statement of Washington Island Electric Cooperative

Washington Island Electric Cooperative, as an organization, is committed to providing its members with reliable electric services at a competitive market price. This mission emphasizes the cooperative's dedication to delivering consistent power supply, ensuring its members can rely on uninterrupted electricity. Furthermore, the cooperative strives to offer these services at a price that is competitive within the market, demonstrating its understanding of the economic needs of its members.

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Impact




October, 2024

Washington Island Electric Cooperative significantly contributes to the community by ensuring residents have access to reliable electric services. By focusing on competitive market pricing, the cooperative helps to maintain affordability for its members. This commitment not only supports individual households but also enhances the overall economic stability of Washington Island. The cooperative's reliable service fosters a sense of security, making it easier for businesses and families to thrive, ultimately benefiting the entire community.




This information is meant to be a general summary of Washington Island Electric Cooperative. 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.

Revenue
$2,133,742 (2022)
Expenses
$2,091,687 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $30,364
  • Program Service Revenue: $2,082,896
  • Gross Receipts: $2,133,742

Assets and Liabilities:

  • Total Assets: $7,029,232
  • Total Liabilities: $4,560,032
  • Net Assets: $2,469,200

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Programs

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

SALE OF ELECTRICITY

Revenue

$2,082,776

MEMBERSHIP DUES

Revenue

$120

Organization Details

Founding Year

1939

Principal Officer

Orion Mann

Main Address

1157 MAIN ROAD, WASHINGTON IS, WI, 542469706

NTEE Category

Code: W80 - Public benefit

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