Overview
What is North Star Electric Coop?
North Star Electric Coop is a nonprofit organization based in Baudette, Minnesota, with a mission to provide electric and utility services to approximately 5,589 members. Established under the Rural Utility Service Division of the USDA, this cooperative aims to enhance the lives of its members by ensuring reliable electric energy services while maintaining exceptional performance and member satisfaction. Their employee base consists of 26 individuals dedicated to this purpose.
Official website here: www.northstarelectric.coop
Is North Star Electric Coop legitimate?
North Star Electric Coop is a legitimate nonprofit organization registered as a 501(c)(12) entity. North Star Electric Coop 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: $799,417
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.northstarelectric.coop
What is the mission statement of North Star Electric Coop?
North Star Electric Coop is dedicated to enhancing the lives of its member-owners by delivering reliable electric energy services. The cooperative prioritizes maintaining the highest standards of performance and member satisfaction. Their mission is to provide essential utility services to 5,589 members, adhering to the guidelines of the Rural Utility Service Division of the USDA.
Official website here: www.northstarelectric.coop
Who is the CEO of North Star Electric Coop?
Steve Arnesen is the President of North Star Electric Coop.
Official website here: www.northstarelectric.coop
What is the revenue of North Star Electric Coop?
North Star Electric Coop's revenue in 2022 was $16,601,117.
Official website here: www.northstarelectric.coop
Who are the executives of North Star Electric Coop and what are their salaries?
The average compensation at North Star Electric Coop during 2022 was $30,747. There are 26 employees at North Star Electric Coop.
Here are 16 key members and their salaries:
- Compensation: $12,475
- Related: $0
- Other: $0
- Compensation: $12,000
- Related: $0
- Other: $0
- Compensation: $9,650
- Related: $0
- Other: $0
- Compensation: $8,400
- Related: $0
- Other: $0
- Compensation: $8,100
- Related: $0
- Other: $0
- Compensation: $7,650
- Related: $0
- Other: $0
- Compensation: $7,050
- Related: $0
- Other: $0
- Compensation: $2,400
- Related: $0
- Other: $0
- Compensation: $204,438
- Related: $0
- Other: $82,432
- Compensation: $125,227
- Related: $0
- Other: $84,707
- Compensation: $113,064
- Related: $0
- Other: $121,824
- Compensation: $118,624
- Related: $0
- Other: $96,937
- Compensation: $116,801
- Related: $0
- Other: $39,767
- Compensation: $115,787
- Related: $0
- Other: $47,014
- Compensation: $114,410
- Related: $0
- Other: $89,523
- Compensation: $111,878
- Related: $0
- Other: $40,120
Official website here: www.northstarelectric.coop
Where can I find the form 990 for North Star Electric Coop?
North Star Electric Coop's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.northstarelectric.coop
Learn more at the official website: www.northstarelectric.coop
Mission Statement of North Star Electric Coop
North Star Electric Coop, a responsible provider of electric energy and other beneficial services, is dedicated to enhancing the lives of its member-owners. The cooperative's primary mission is to ensure the delivery of dependable electric energy services, all while maintaining exceptionally high performance and member satisfaction standards.
By offering reliable electric and utility service to a community of 5,589 members, North Star Electric Coop sets itself apart as a trusted partner in energy provision. The cooperative's unwavering commitment to improving the lives of its members is evident in its adherence to the very highest standards.
With a focus on member satisfaction, North Star Electric Coop has built a reputation for excellence in the energy sector. The cooperative's efforts go beyond just providing power, as it strives to maintain the utmost reliability and efficiency in all its services. North Star Electric Coop is guided by the Rural Utility Service Division of the USDA and is committed to upholding the values of a responsible and effective energy provider.
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Impact
October, 2024
North Star Electric Coop plays a vital role in enhancing the quality of life for its 5,589 member-owners in Baudette, MN, by responsibly providing electric energy and other essential services. The cooperative is committed to delivering reliable electric services while ensuring the highest standards of performance and member satisfaction. By focusing on improving the lives of its members, North Star Electric Coop supports the local community and promotes sustainable energy practices. Under the guidance of the Rural Utility Service Division of the USDA, the cooperative’s efforts contribute significantly to public benefits, fostering greater access to electricity and utility services for all its members.
This information is meant to be a general summary of North Star Electric Coop. 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: $72,833
- Program Service Revenue: $15,942,721
- Gross Receipts: $16,650,776
Assets and Liabilities:
- Total Assets: $42,168,414
- Total Liabilities: $25,960,668
- Net Assets: $16,207,746
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC SALES
Revenue
$15,942,721
Organization Details
Founding Year
1940
Phone
(218) 634-2202Principal Officer
Steve Arnesen
Main Address
441 STATE HWY 172 NW PO BOX 719, BAUDETTE, MN, 566230719
Website
www.northstarelectric.coopNTEE Category
Code: W80 - Public benefit
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