Overview
What is Minnesota Valley Cooperative Light & Power Association?
Minnesota Valley Cooperative Light & Power Association is a proactive cooperative based in Montevideo, Minnesota. Their primary mission is to provide electrical energy services to approximately 5,316 rural customers, ensuring they have a reliable power source. With a team of 37 employees, this association purchases and distributes electricity to its members, making a significant difference in their daily lives.
Official website here: www.mnvalleyrec.com
Is Minnesota Valley Cooperative Light & Power Association legitimate?
Minnesota Valley Cooperative Light & Power Association is a legitimate nonprofit organization registered as a 501(c)(12) entity. Minnesota Valley Cooperative Light & 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: $926,087
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.mnvalleyrec.com
What is the mission statement of Minnesota Valley Cooperative Light & Power Association?
Minnesota Valley Cooperative Light and Power Association is dedicated to delivering electrical energy services to rural communities. reminding us of their proactive approach, the cooperative continues to add value to its members. With a commitment to approximately 5,316 customers, they ensure the purchase and distribution of electrical power for their rural clientele.
Official website here: www.mnvalleyrec.com
Who is the CEO of Minnesota Valley Cooperative Light & Power Association?
Patrick C Carruth is the President of Minnesota Valley Cooperative Light & Power Association.
Official website here: www.mnvalleyrec.com
What is the revenue of Minnesota Valley Cooperative Light & Power Association?
Minnesota Valley Cooperative Light & Power Association's revenue in 2022 was $24,527,313.
Official website here: www.mnvalleyrec.com
Who are the executives of Minnesota Valley Cooperative Light & Power Association and what are their salaries?
The average compensation at Minnesota Valley Cooperative Light & Power Association during 2022 was $25,029. There are 37 employees at Minnesota Valley Cooperative Light & Power Association.
Here are 14 key members and their salaries:
- Compensation: $18,880
- Related: $0
- Other: $0
- Compensation: $19,320
- Related: $0
- Other: $0
- Compensation: $18,920
- Related: $0
- Other: $0
- Compensation: $18,760
- Related: $0
- Other: $0
- Compensation: $19,000
- Related: $0
- Other: $0
- Compensation: $19,000
- Related: $0
- Other: $0
- Compensation: $18,520
- Related: $0
- Other: $0
- Compensation: $447,894
- Related: $0
- Other: $205,693
- Compensation: $155,548
- Related: $0
- Other: $46,649
- Compensation: $140,930
- Related: $0
- Other: $76,154
- Compensation: $124,751
- Related: $0
- Other: $121,948
- Compensation: $127,616
- Related: $0
- Other: $63,927
- Compensation: $131,169
- Related: $0
- Other: $104,831
- Compensation: $120,884
- Related: $0
- Other: $76,172
Official website here: www.mnvalleyrec.com
Where can I find the form 990 for Minnesota Valley Cooperative Light & Power Association?
Minnesota Valley Cooperative Light & Power Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mnvalleyrec.com
Learn more at the official website: www.mnvalleyrec.com
Mission Statement of Minnesota Valley Cooperative Light & Power Association
Minnesota Valley Cooperative Light & Power Association, a proactive cooperative, is dedicated to providing electrical energy services to approximately 5,316 rural customers. This organization's mission goes beyond supplying power; it continues to add value to its members. The association's primary activity lies in the purchase and distribution of electrical power, ensuring that rural communities have reliable access to essential energy resources.
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Impact
October, 2024
Minnesota Valley Cooperative Light & Power Association plays a crucial role in enhancing the quality of life for its rural customers in Montevideo, Minnesota. By purchasing and distributing electrical power to approximately 5,316 rural residences and businesses, the cooperative ensures reliable access to essential energy services. This accessibility not only supports day-to-day activities but also contributes to the economic development and sustainability of the local community.
The cooperative is committed to being proactive in its operations, continually seeking ways to provide value to its members. Its focus on customer needs fosters a sense of community among its members, promoting collaboration and shared benefits. Overall, Minnesota Valley Cooperative Light & Power Association’s impact extends beyond mere electricity provision; it strengthens rural infrastructure and uplifts the standard of living for its members through dedicated service and community engagement.
This information is meant to be a general summary of Minnesota Valley Cooperative Light & 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: $195,848
- Program Service Revenue: $22,483,563
- Gross Receipts: $25,650,709
Assets and Liabilities:
- Total Assets: $85,287,908
- Total Liabilities: $54,182,615
- Net Assets: $31,105,293
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC SALES
Revenue
$22,483,563
Organization Details
Founding Year
1938
Phone
(320) 269-2163Principal Officer
Patrick C Carruth
Main Address
PO BOX 248, MONTEVIDEO, MN, 562650248
Website
www.mnvalleyrec.comNTEE Category
Code: W80 - Public benefit
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