Overview
What is Mienergy Cooperative?
Mienergy Cooperative is a nonprofit organization based in Rushford, Minnesota, with a US address at 31110 Cooperative Way, ZIP code 55971. The cooperative provides electric service to approximately 23,388 members and maintains 5,571 miles of lines primarily in rural areas. Its mission is to deliver high-quality energy services at reasonable prices and maximize value for its members, ensuring sustainable practices. With a total workforce of 84 employees, Mienergy Cooperative is dedicated to delivering dependable energy solutions, prioritizing the needs of its community members.
Official website here: www.tec.coop
Is Mienergy Cooperative legitimate?
Mienergy Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Mienergy 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: $914,476
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,874,940
For more financial information, click here
Official website here: www.tec.coop
What is the mission statement of Mienergy Cooperative?
Mienergy Cooperative is dedicated to delivering top-notch energy services to its members at reasonable prices. This mission is carried out with a commitment to maximizing value and prudent use of resources. The cooperative serves approximately 23,388 members and maintains over 5,571 miles of lines, primarily in rural areas. By focusing on quality, affordability, and resource efficiency, Mienergy Cooperative strives to meet the energy needs of its members effectively.
Official website here: www.tec.coop
Who is the CEO of Mienergy Cooperative?
Brian Krambeer is the CEO of Mienergy Cooperative The CEO's salary of Mienergy Cooperative is $346,377 and their total compensation is $551,454.
Official website here: www.tec.coop
What is the revenue of Mienergy Cooperative?
Mienergy Cooperative's revenue in 2023 was $82,515,576.
Official website here: www.tec.coop
Who are the executives of Mienergy Cooperative and what are their salaries?
The average compensation at Mienergy Cooperative during 2023 was $99,864. There are 78 employees at Mienergy Cooperative.
Here are 18 key members and their salaries (Mienergy Cooperative's CEO's salary is $346,377 and their total compensation is $551,454):
- Compensation: $20,300
- Related: $0
- Other: $0
- Compensation: $17,675
- Related: $0
- Other: $0
- Compensation: $20,075
- Related: $0
- Other: $0
- Compensation: $17,911
- Related: $0
- Other: $0
- Compensation: $17,375
- Related: $0
- Other: $0
- Compensation: $19,025
- Related: $0
- Other: $0
- Compensation: $16,571
- Related: $0
- Other: $0
- Compensation: $14,075
- Related: $0
- Other: $0
- Compensation: $17,375
- Related: $0
- Other: $0
- Compensation: $13,075
- Related: $0
- Other: $0
- Compensation: $16,075
- Related: $0
- Other: $0
- Compensation: $346,377
- Related: $0
- Other: $205,077
- Compensation: $176,872
- Related: $0
- Other: $82,605
- Compensation: $123,611
- Related: $0
- Other: $23,718
- Compensation: $147,756
- Related: $0
- Other: $103,517
- Compensation: $156,833
- Related: $0
- Other: $61,756
- Compensation: $155,400
- Related: $0
- Other: $144,438
- Compensation: $115,919
- Related: $0
- Other: $71,879
Official website here: www.tec.coop
Where can I find the form 990 for Mienergy Cooperative?
Mienergy Cooperative's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.tec.coop
Learn more at the official website: www.tec.coop
Mission Statement of Mienergy Cooperative
Mienergy Cooperative, a dedicated organization, strives to deliver top-notch energy services to approximately 23,388 members in a cost-effective manner. Their mission goes beyond just supplying energy; they aim to maximize value for their members. This mission is carried out with the prudent use of resources, ensuring the sustainability of their services.
Mienergy Cooperative's team manages and maintains a vast network of 5,571 miles of power lines, primarily serving rural communities. Their commitment to quality and affordability makes them an essential provider in these areas. By delivering high-quality energy services at reasonable prices, Mienergy Cooperative not only meets the immediate needs of its members but also contributes to their long-term satisfaction.
The cooperative's operations are driven by the understanding that energy is an essential component of modern life. Mienergy Cooperative's dedication to its members extends beyond the mere provision of electricity. They are committed to building strong relationships and fostering a sense of community among their members. This mission of delivering high-quality energy services at reasonable prices while maintaining the wise use of resources is the cornerstone of Mienergy Cooperative's identity.
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Impact
October, 2024
Mienergy Cooperative significantly impacts its members by delivering high-quality energy services at reasonable prices, ensuring accessibility and reliability for approximately 23,388 members in rural areas. With an extensive network of 5,571 miles of power lines, the cooperative effectively meets the energy needs of its community while optimizing the value of services provided. By prioritizing the wise use of resources, Mienergy Cooperative fosters sustainable energy practices, enhancing the overall quality of life for its members and promoting a resilient, energy-efficient community in Rushford, MN.
This information is meant to be a general summary of Mienergy 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $276,628
- Program Service Revenue: $82,106,413
- Gross Receipts: $82,992,964
Assets and Liabilities:
- Total Assets: $215,609,172
- Total Liabilities: $138,300,295
- Net Assets: $77,308,877
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OPERATING REVENUES
Revenue
$79,302,755
CAPITAL CREDITS
Revenue
$2,541,927
EQUITY EARNINGS
Revenue
$261,731
Organization Details
Founding Year
1936
Principal Officer
Brian Krambeer
Website
www.tec.coopNTEE Category
Code: W80 - Public benefit
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