Minnesota Valley Cooperative Light & Power Association

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 410419129 ✦ Montevideo, MN ✦ Designated as a 501(c)(12)

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 not tax deductible.

Here 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:

    Patrick Carruth (General Manager)
  • Compensation: $447,894
  • Related: $0
  • Other: $205,693

    • James Hughes (Foreman)
  • Compensation: $124,751
  • Related: $0
  • Other: $121,948

    • Scott Kubesh (Member Services Manager)
  • Compensation: $131,169
  • Related: $0
  • Other: $104,831

    • Eric Wollschlager (Operation Manager)
  • Compensation: $140,930
  • Related: $0
  • Other: $76,154

    • Jill Rothschadl (Office Manager)
  • Compensation: $155,548
  • Related: $0
  • Other: $46,649

    • Andrew Johnson (Crew Chief)
  • Compensation: $120,884
  • Related: $0
  • Other: $76,172

    • Kent Smith (Foreman)
  • Compensation: $127,616
  • Related: $0
  • Other: $63,927

    • Mark Peterson (Secretary) [Trustee/Director]
  • Compensation: $19,320
  • Related: $0
  • Other: $0

    • Donald Fernholz (Vice President) [Trustee/Director]
  • Compensation: $19,000
  • Related: $0
  • Other: $0

    • Darryl Bursack (Director)
  • Compensation: $19,000
  • Related: $0
  • Other: $0

    • Timothy Velde (Director)
  • Compensation: $18,920
  • Related: $0
  • Other: $0

    • Steve Norman (President) [Trustee/Director]
  • Compensation: $18,880
  • Related: $0
  • Other: $0

    • Gary Groothuis (Treasurer) [Trustee/Director]
  • Compensation: $18,760
  • Related: $0
  • Other: $0

    • Wayne Peltier (Director)
  • Compensation: $18,520
  • Related: $0
  • Other: $0


  • Official website here: www.mnvalleyrec.com

    Where can I find the form 990 for Minnesota Valley Cooperative Light & Power Association?

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    Minnesota Valley Cooperative Light & Power Association's impact can be seen through its provision of electrical energy services to approximately 5,316 rural customers in Montevideo, MN. By purchasing and distributing electrical power, the cooperative ensures that these rural customers have access to essential utilities. This proactive cooperative consistently delivers value to its members, contributing to the well-being and sustainability of the communities it serves.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    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
  • 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

    Principal Officer

    Patrick C Carruth

    Main Address

    PO BOX 248, MONTEVIDEO, MN, 562650248

    NTEE Category

    Code: W80 - Public benefit

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