Overview
What is Nobles Cooperative Electric?
Nobles Cooperative Electric is a nonprofit organization based in rural Minnesota, specifically at 22636 US HWY 59, PO Box 788, Worthington, MN, 56187. With a team of 26 employees, their primary mission is to maintain and upgrade their electrical distribution system, providing electricity to over 6,900 members and accounts in their service territory. They have recently connected 46 new services and retired 68, while upgrading 48 miles of overhead lines into 48 miles of underground infrastructure. This ongoing effort ensures reliable electric service in the communities they serve.
Official website here: www.noblesce.coop
Is Nobles Cooperative Electric legitimate?
Nobles Cooperative Electric is a legitimate nonprofit organization registered as a 501(c)(12) entity. Nobles Cooperative Electric 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: $536,899
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.noblesce.coop
What is the mission statement of Nobles Cooperative Electric?
Nobles Cooperative Electric is dedicated to maintaining their electrical distribution system and supplying electricity to rural communities and members within their service territory. Their mission revolves around ensuring a reliable electrical source for their members, allowing them to power their homes and businesses in rural areas. In 2020, they provided electric service to approximately 6,957 accounts, connected 46 new services, and retired 68 existing ones. Additionally, they took steps to enhance their infrastructure by upgrading 48 miles of overhead lines to 48 miles of underground lines. This improvement not only ensures the continuity of their electrical services but also contributes to the overall safety and efficiency of their power distribution.
Official website here: www.noblesce.coop
Who is the CEO of Nobles Cooperative Electric?
Adam Tromblay is the President of Nobles Cooperative Electric. The CEO's salary of Nobles Cooperative Electric is $197,913 and their total compensation is $297,364.
Official website here: www.noblesce.coop
What is the revenue of Nobles Cooperative Electric?
Nobles Cooperative Electric's revenue in 2022 was $23,725,160.
Official website here: www.noblesce.coop
Who are the executives of Nobles Cooperative Electric and what are their salaries?
The average compensation at Nobles Cooperative Electric during 2022 was $20,650. There are 26 employees at Nobles Cooperative Electric.
Here are 10 key members and their salaries (Nobles Cooperative Electric's CEO's salary is $197,913 and their total compensation is $297,364):
- Compensation: $7,850
- Related: $0
- Other: $0
- Compensation: $7,250
- Related: $0
- Other: $0
- Compensation: $10,500
- Related: $0
- Other: $0
- Compensation: $9,750
- Related: $0
- Other: $0
- Compensation: $6,410
- Related: $0
- Other: $0
- Compensation: $7,830
- Related: $0
- Other: $0
- Compensation: $7,250
- Related: $0
- Other: $0
- Compensation: $197,913
- Related: $0
- Other: $99,451
- Compensation: $126,548
- Related: $0
- Other: $56,148
- Compensation: $119,302
- Related: $0
- Other: $61,755
Official website here: www.noblesce.coop
Where can I find the form 990 for Nobles Cooperative Electric?
Nobles Cooperative Electric's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.noblesce.coop
Learn more at the official website: www.noblesce.coop
Mission Statement of Nobles Cooperative Electric
Nobles Cooperative Electric, a rural electrical cooperative, is dedicated to maintaining its electrical distribution system and supplying electricity to its members. In pursuance of this mission, the cooperative works tirelessly to ensure the reliability and efficiency of its power grid.
With a commitment to serving its community, Nobles Cooperative Electric provides electric service to approximately 6,957 accounts. In the previous year, the cooperative connected 46 new services and retired 68. These efforts were not limited to just maintaining the existing infrastructure; the cooperative also made significant upgrades, replacing 48 miles of overhead lines with 48 miles of underground ones.
The team at Nobles Cooperative Electric understands the importance of a stable power supply, particularly in rural areas, and works diligently to ensure that its members have access to electricity. By investing in infrastructure improvements and upgrades, the cooperative is able to support the energy needs of its members effectively and efficiently. Through its unwavering dedication to its mission, Nobles Cooperative Electric continues to make a positive impact on the lives of those it serves.
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Impact
October, 2024
Nobles Cooperative Electric plays a crucial role in maintaining the electrical distribution system and ensuring reliable electricity access for its members in rural areas and surrounding communities. Recently, the cooperative has provided electric service to approximately 6,957 accounts, actively enhancing its infrastructure by connecting 46 new services while also retiring 68 services that are no longer needed.
A significant aspect of their work includes upgrading 48 miles of overhead lines to underground systems, which not only improves safety and reliability but also boosts the overall resilience of the electric distribution network. Based in Worthington, MN, Nobles Cooperative Electric is dedicated to fostering connectivity and supporting the energy needs of rural areas within its service territory. Such efforts contribute to the growth and development of local communities, ensuring that residents and businesses have access to essential electrical services.
This information is meant to be a general summary of Nobles Cooperative Electric. 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: $158,815
- Program Service Revenue: $23,375,426
- Gross Receipts: $23,809,428
Assets and Liabilities:
- Total Assets: $71,903,264
- Total Liabilities: $39,693,390
- Net Assets: $32,209,874
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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
$23,375,426
Organization Details
Founding Year
1936
Phone
(507) 372-7331Principal Officer
Adam Tromblay
Main Address
22636 US HWY 59 PO BOX 788, WORTHINGTON, MN, 56187
Website
www.noblesce.coopNTEE Category
Code: W80 - Public benefit
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