Overview
What is Lyon-Lincoln Electric Cooperative?
Lyon-Lincoln Electric Cooperative is a nonprofit entity situated in Tyler, Minnesota. With a primary focus on serving rural communities, they provide electricity to approximately 3,947 members, managing an extensive network of 1,670 miles of lines. The cooperative is dedicated to enhancing the quality of life in these rural areas by delivering reliable electricity and essential services. Their workforce comprises 17 individuals, working tirelessly to maintain and expand their infrastructure, adding 17.76 miles of lines and removing 17.98 miles in the process.
Official website here: www.llec.coop
Is Lyon-Lincoln Electric Cooperative legitimate?
Lyon-Lincoln Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Lyon-Lincoln 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: $410,346
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,171,328
For more financial information, click here
Official website here: www.llec.coop
What is the mission statement of Lyon-Lincoln Electric Cooperative?
Lyon-Lincoln Electric Cooperative's mission is centered around providing reliable electricity and essential services to enhance the quality of life in rural communities. The cooperative strives to deliver electricity to its approximately 3,947 members, managing a network of over 1,670 miles of lines. Additionally, they aim to contribute to the communities by adding new lines and removing obsolete ones, as demonstrated by the addition of 17.76 miles and removal of 17.98 miles of lines. Overall, Lyon-Lincoln Electric Cooperative's mission is to improve the lives of its rural members by ensuring a steady supply of electricity and providing necessary services.
Official website here: www.llec.coop
Who is the CEO of Lyon-Lincoln Electric Cooperative?
Timothy O'Leary is the President of Lyon-Lincoln Electric Cooperative.
Official website here: www.llec.coop
What is the revenue of Lyon-Lincoln Electric Cooperative?
Lyon-Lincoln Electric Cooperative's revenue in 2022 was $11,637,719.
Official website here: www.llec.coop
Who are the executives of Lyon-Lincoln Electric Cooperative and what are their salaries?
The average compensation at Lyon-Lincoln Electric Cooperative during 2022 was $93,040. There are 17 employees at Lyon-Lincoln Electric Cooperative.
Here are 14 key members and their salaries:
- Compensation: $5,940
- Related: $0
- Other: $0
- Compensation: $4,750
- Related: $0
- Other: $0
- Compensation: $4,900
- Related: $0
- Other: $0
- Compensation: $6,700
- Related: $0
- Other: $0
- Compensation: $3,300
- Related: $0
- Other: $0
- Compensation: $3,950
- Related: $0
- Other: $0
- Compensation: $5,800
- Related: $0
- Other: $0
- Compensation: $5,000
- Related: $0
- Other: $0
- Compensation: $6,400
- Related: $0
- Other: $0
- Compensation: $3,750
- Related: $0
- Other: $0
- Compensation: $167,731
- Related: $0
- Other: $103,691
- Compensation: $104,685
- Related: $0
- Other: $10,532
- Compensation: $103,768
- Related: $0
- Other: $25,727
- Compensation: $102,624
- Related: $0
- Other: $36,733
Official website here: www.llec.coop
Where can I find the form 990 for Lyon-Lincoln Electric Cooperative?
Lyon-Lincoln Electric Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.llec.coop
Learn more at the official website: www.llec.coop
Mission Statement of Lyon-Lincoln Electric Cooperative
Lyon-Lincoln Electric Cooperative, as a nonprofit organization, is dedicated to providing electricity to rural areas. Their mission extends beyond simply supplying power; it's about enhancing the quality of life in these communities. They strive to deliver reliable electricity, along with other necessary services, to approximately 3,947 members spanning over 1,670 miles of line serviced. The cooperative is actively involved in maintaining and expanding its infrastructure, having added 17.76 miles of line and removing 17.98 miles, demonstrating its commitment to ensuring continuous service.
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Impact
October, 2024
Lyon-Lincoln Electric Cooperative plays a vital role in enhancing the quality of life in rural Minnesota by providing reliable electricity to approximately 3,947 members across 1,670 miles of serviced lines. In its commitment to meet the needs of its community, the cooperative has added 17.76 miles of line while carefully managing resources by removing 17.98 miles as necessary.
By delivering essential electric services, Lyon-Lincoln Electric Cooperative ensures that rural areas have access to power, which is crucial for everyday life and economic development. Its mission is centered around not only the provision of electricity but also the enhancement of community well-being, underscoring its impact as a foundational service provider in the region. This dedication fosters a safer, more connected, and sustainable environment for its members and promotes growth within the community.
This information is meant to be a general summary of Lyon-Lincoln 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $51,230
- Program Service Revenue: $11,586,111
- Gross Receipts: $11,639,316
Assets and Liabilities:
- Total Assets: $38,959,795
- Total Liabilities: $22,226,626
- Net Assets: $16,733,169
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF POWER
Revenue
$10,712,797
CAPITAL CREDITS
Revenue
$873,314
Organization Details
Founding Year
1938
Phone
(507) 247-5505Principal Officer
Timothy O'Leary
Main Address
205 W HWY 14, TYLER, MN, 56178
Website
www.llec.coopNTEE Category
Code: W80 - Public benefit
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