Overview
What is Mcleod Cooperative Power Association?
The Mcleod Cooperative Power Association is a nonprofit organization based in Glencoe, Minnesota. With an average of 5,970 members served in 2022, they provide electric services to the community. The cooperative experienced an expansion of 14.1 miles of lines during the same year, contributing to their total of 2,040 miles of distribution lines as of December 31, 2022. Dedicated to improving their customers' quality of life, they aim to deliver energy and other solutions effectively. Their mission is to deliver these services in the most friendly, safe, reliable, and competitive manner possible, prioritizing customer satisfaction. The organization employs a team of 28 individuals.
Official website here: www.mcleodcoop.com
Is Mcleod Cooperative Power Association legitimate?
Mcleod Cooperative Power Association is a legitimate nonprofit organization registered as a 501(c)(12) entity. Mcleod Cooperative Power Association 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: $495,817
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,272,050
For more financial information, click here
Official website here: www.mcleodcoop.com
What is the mission statement of Mcleod Cooperative Power Association?
The Mcleod Cooperative Power Association is dedicated to enhancing the quality of life for its members and customers. Through effective solutions, the cooperative strives to deliver energy and other services that significantly improve the living standards of its customers. The organization prioritizes customer satisfaction by ensuring friendly, safe, reliable, and competitive service delivery. In 2022, the cooperative served an average of 5,970 members and extended its electric line infrastructure by 14.1 miles. With a total of 2,040 miles of distribution lines as of December 31, 2022, the Mcleod Cooperative Power Association is committed to providing essential energy services to its customer base.
Official website here: www.mcleodcoop.com
Who is the CEO of Mcleod Cooperative Power Association?
Stephanie Jakel is the President of Mcleod Cooperative Power Association. The CEO's salary of Mcleod Cooperative Power Association is $181,561 and their total compensation is $278,035.
Official website here: www.mcleodcoop.com
What is the revenue of Mcleod Cooperative Power Association?
Mcleod Cooperative Power Association's revenue in 2022 was $23,147,730.
Official website here: www.mcleodcoop.com
Who are the executives of Mcleod Cooperative Power Association and what are their salaries?
The average compensation at Mcleod Cooperative Power Association during 2022 was $98,852. There are 28 employees at Mcleod Cooperative Power Association.
Here are 16 key members and their salaries (Mcleod Cooperative Power Association's CEO's salary is $181,561 and their total compensation is $278,035):
- Compensation: $7,235
- Related: $0
- Other: $0
- Compensation: $8,335
- Related: $0
- Other: $0
- Compensation: $4,740
- Related: $0
- Other: $0
- Compensation: $6,915
- Related: $0
- Other: $0
- Compensation: $5,910
- Related: $0
- Other: $0
- Compensation: $4,810
- Related: $0
- Other: $0
- Compensation: $5,085
- Related: $0
- Other: $0
- Compensation: $6,165
- Related: $0
- Other: $0
- Compensation: $4,945
- Related: $0
- Other: $0
- Compensation: $181,561
- Related: $0
- Other: $96,474
- Compensation: $104,207
- Related: $0
- Other: $52,262
- Compensation: $114,860
- Related: $0
- Other: $36,185
- Compensation: $113,275
- Related: $0
- Other: $78,933
- Compensation: $117,307
- Related: $0
- Other: $63,507
- Compensation: $123,111
- Related: $0
- Other: $60,781
- Compensation: $113,478
- Related: $0
- Other: $39,594
Official website here: www.mcleodcoop.com
Where can I find the form 990 for Mcleod Cooperative Power Association?
Mcleod Cooperative Power Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mcleodcoop.com
Learn more at the official website: www.mcleodcoop.com
Mission Statement of Mcleod Cooperative Power Association
Mcleod Cooperative Power Association, a dedicated organization, strives to enrich the lives of its members and customers through innovative solutions. By delivering energy and other essential services, this cooperative aims to significantly improve the quality of life for its customers. The association is committed to maximizing customer satisfaction by ensuring friendly, safe, reliable, and competitive service delivery.
In 2022, the cooperative served approximately 5,970 members, marking an increase of 14.1 miles of lines to expand its reach. With a total of 2,040 miles of distribution lines, Mcleod Cooperative Power Association continues to invest in its infrastructure to provide reliable energy solutions to its community. The cooperative's unwavering dedication to its customers sets it apart, as it consistently seeks to enhance the overall living experience of those it serves.
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Impact
October, 2024
Mcleod Cooperative Power Association significantly enhances the quality of life for its members and customers in Glencoe, MN, by providing efficient electric service. In 2022, the cooperative served an average of 5,970 members and expanded its infrastructure by adding 14.1 miles of distribution lines, bringing the total to 2,040 miles as of December 31, 2022. This commitment to growth and reliability ensures that customers receive safe, dependable energy solutions.
The association’s mission focuses on delivering energy and services that improve everyday life, with an emphasis on customer satisfaction. By prioritizing a friendly and competitive approach in its operations, Mcleod Cooperative Power Association plays a crucial role in fostering the community's well-being and ensuring access to essential services.
This information is meant to be a general summary of Mcleod Cooperative Power Association. 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: $90,291
- Program Service Revenue: $23,057,439
- Gross Receipts: $23,178,684
Assets and Liabilities:
- Total Assets: $80,287,869
- Total Liabilities: $49,024,991
- Net Assets: $31,262,878
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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
$22,609,197
Capital Credits
Revenue
$380,097
Arlington Contract
Revenue
$44,278
Heartland K-1
Revenue
$13,763
Other Supporting Revenue
Revenue
$8,115
Organization Details
Founding Year
1935
Phone
(320) 864-3148Principal Officer
Stephanie Jakel
Main Address
3515 11th Street East, Glencoe, MN, 55336
Website
www.mcleodcoop.comNTEE Category
Code: W80 - Public benefit
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