Overview
What is Mille Lacs Energy Cooperative?
Mille Lacs Energy Cooperative is a nonprofit organization headquartered in Aitkin, Minnesota. With a mission to provide reliable and competitively priced energy services, they have served 13,583 members and maintained 2,008 miles of infrastructure in 2022. Their primary activity is delivering electric distribution to the community, contributing to the well-being of 13,583 cooperative members. The cooperative's team includes 53 dedicated employees who ensure the effective and responsible delivery of essential energy services.
Official website here: www.mlecmn.net
Is Mille Lacs Energy Cooperative legitimate?
Mille Lacs Energy Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Mille Lacs Energy 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: $456,283
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,982,753
For more financial information, click here
Official website here: www.mlecmn.net
What is the mission statement of Mille Lacs Energy Cooperative?
Mille Lacs Energy Cooperative is dedicated to delivering responsible energy services to its members and customers. Their mission is to provide reliable and competitively priced energy, ensuring the needs of those they serve are met. The cooperative aims to offer a range of products in addition to electricity distribution. In 2022, they served 13,583 members, maintaining 2,008 miles of infrastructure to ensure a steady supply of energy.
Official website here: www.mlecmn.net
Who is the CEO of Mille Lacs Energy Cooperative?
Sarah Cron is the President of Mille Lacs Energy Cooperative. The CEO's salary of Mille Lacs Energy Cooperative is $199,657 and their total compensation is $246,836.
Official website here: www.mlecmn.net
What is the revenue of Mille Lacs Energy Cooperative?
Mille Lacs Energy Cooperative's revenue in 2022 was $29,203,634.
Official website here: www.mlecmn.net
Who are the executives of Mille Lacs Energy Cooperative and what are their salaries?
The average compensation at Mille Lacs Energy Cooperative during 2022 was $83,755. There are 53 employees at Mille Lacs Energy Cooperative.
Here are 14 key members and their salaries (Mille Lacs Energy Cooperative's CEO's salary is $199,657 and their total compensation is $246,836):
- Compensation: $18,057
- Related: $0
- Other: $0
- Compensation: $14,743
- Related: $0
- Other: $0
- Compensation: $14,908
- Related: $0
- Other: $0
- Compensation: $15,888
- Related: $0
- Other: $0
- Compensation: $12,943
- Related: $0
- Other: $0
- Compensation: $10,888
- Related: $0
- Other: $0
- Compensation: $11,478
- Related: $0
- Other: $0
- Compensation: $199,657
- Related: $0
- Other: $47,179
- Compensation: $99,089
- Related: $0
- Other: $11,325
- Compensation: $129,909
- Related: $0
- Other: $27,916
- Compensation: $130,981
- Related: $0
- Other: $27,035
- Compensation: $126,433
- Related: $0
- Other: $13,704
- Compensation: $119,800
- Related: $0
- Other: $45,440
- Compensation: $121,431
- Related: $0
- Other: $23,805
Official website here: www.mlecmn.net
Where can I find the form 990 for Mille Lacs Energy Cooperative?
Mille Lacs Energy Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mlecmn.net
Learn more at the official website: www.mlecmn.net
Mission Statement of Mille Lacs Energy Cooperative
Mille Lacs Energy Cooperative, a dedicated provider, is committed to responsibly delivering dependable, competitively-priced energy, services, and products to cater to the requirements of its 13,583 members and customers. The cooperative takes pride in its mission, which extends beyond simply distributing electricity, and aims to meet and exceed the energy needs of its community.
In practice, Mille Lacs Energy Cooperative worked diligently in 2022 to distribute electric services to 13,583 members, reaching a total of 2,008 miles in its network. This achievement underscores the cooperative's unwavering dedication to its members and customers, ensuring they have access to essential energy services that support their daily lives. By providing reliable and competitively priced energy, Mille Lacs Energy Cooperative contributes to the overall well-being and stability of the communities it serves.
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Impact
October, 2024
Mille Lacs Energy Cooperative plays a vital role in the community by providing electric distribution services to 13,583 members across a vast network of 2,008 miles in 2022. Based in Aitkin, MN, the cooperative focuses on delivering reliable and competitively priced energy solutions tailored to the needs of its members and customers. By emphasizing responsible service and community support, Mille Lacs Energy Cooperative ensures that residents have access to essential energy resources, fostering growth and stability in the area. Its commitment to public benefit highlights its focus on meeting the needs of the community while maintaining high standards of service.
This information is meant to be a general summary of Mille Lacs Energy 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: $282,848
- Program Service Revenue: $28,950,155
- Gross Receipts: $29,203,634
Assets and Liabilities:
- Total Assets: $88,985,955
- Total Liabilities: $56,744,118
- Net Assets: $32,241,837
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Electric Sales
Revenue
$28,132,399
Capital Credits
Revenue
$491,998
Other Sales
Revenue
$325,758
Organization Details
Founding Year
1939
Phone
(218) 927-2191Principal Officer
Sarah Cron
Main Address
PO Box 230, Aitkin, MN, 56431
Website
www.mlecmn.netNTEE Category
Code: W80Z - Public benefit
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