Overview
What is People's Cooperative Services?
People's Cooperative Services is a Minnesota-based cooperative with a mission to purchase electric energy and sell it to its members. Established at 1775 Lake Shady Avenue South, Oronoco, with a ZIP code of 55960, the cooperative operates under the name "People's Energy Cooperative" and employs 73 individuals. Its primary role is to distribute electricity to its cooperative members, ensuring a reliable energy source for their daily needs.
Official website here: www.peoplesenergy.coop
Is People's Cooperative Services legitimate?
People's Cooperative Services is a legitimate nonprofit organization registered as a 501(c)(12) entity. People's Cooperative Services 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: $634,214
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.peoplesenergy.coop
What is the mission statement of People's Cooperative Services?
People's Cooperative Services operates with the goal of supplying electricity to its cooperative members. The cooperative serves a crucial role in the community by purchasing electric energy and distributing it among its members. Its mission is centered around providing essential electric power to its members. By doing so, the cooperative contributes significantly to the quality of life and daily operations of the households and businesses it serves. The cooperative's unwavering commitment to fulfilling this vital function is essential for the well-being and progress of the community it supports.
Official website here: www.peoplesenergy.coop
Who is the CEO of People's Cooperative Services?
Michael J Henke is the CEO of People's Cooperative Services The CEO's salary of People's Cooperative Services is $258,679 and their total compensation is $394,793.
Official website here: www.peoplesenergy.coop
What is the revenue of People's Cooperative Services?
People's Cooperative Services's revenue in 2023 was $55,571,089.
Official website here: www.peoplesenergy.coop
Who are the executives of People's Cooperative Services and what are their salaries?
The average compensation at People's Cooperative Services during 2023 was $8,688. There are 73 employees at People's Cooperative Services.
Here are 15 key members and their salaries (People's Cooperative Services's CEO's salary is $258,679 and their total compensation is $394,793):
- Compensation: $19,600
- Related: $0
- Other: $0
- Compensation: $4,642
- Related: $0
- Other: $0
- Compensation: $17,550
- Related: $0
- Other: $0
- Compensation: $27,475
- Related: $0
- Other: $0
- Compensation: $16,175
- Related: $0
- Other: $0
- Compensation: $20,600
- Related: $0
- Other: $0
- Compensation: $16,050
- Related: $0
- Other: $0
- Compensation: $16,933
- Related: $0
- Other: $0
- Compensation: $258,679
- Related: $0
- Other: $136,114
- Compensation: $89,050
- Related: $0
- Other: $37,882
- Compensation: $142,343
- Related: $0
- Other: $73,464
- Compensation: $151,219
- Related: $0
- Other: $50,089
- Compensation: $152,426
- Related: $0
- Other: $51,396
- Compensation: $144,163
- Related: $0
- Other: $74,197
- Compensation: $126,226
- Related: $0
- Other: $31,000
Official website here: www.peoplesenergy.coop
Where can I find the form 990 for People's Cooperative Services?
People's Cooperative Services's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.peoplesenergy.coop
Learn more at the official website: www.peoplesenergy.coop
Mission Statement of People's Cooperative Services
People's Cooperative Services, a mission-driven organization, is dedicated to providing electricity to its cooperative members. Established with the primary goal of purchasing electric energy and distributing it among its members, this cooperative plays a crucial role in ensuring a consistent electricity supply. By doing so, it enhances the daily lives and living conditions of those it serves.
The cooperative's commitment to its members extends beyond the simple act of energy distribution. It is an essential part of the community, contributing significantly to the overall well-being of its members. Through its unwavering dedication, People's Cooperative Services enables its members to lead more comfortable and connected lives, fostering a sense of unity and shared progress.
In essence, People's Cooperative Services is more than just an electricity provider; it is a beacon of community support and a testament to the power of collective action. By pooling resources and working together, its members can access the essential energy required to thrive, all while fostering a strong sense of belonging and collaboration.
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Impact
October, 2024
People's Cooperative Services plays a crucial role in providing reliable electricity to its members in Oronoco, MN. By purchasing and distributing electric energy, the cooperative ensures that its members have access to essential power services that support their daily lives and activities. This not only facilitates convenience but also fosters economic growth within the community by providing the necessary infrastructure for businesses and households. The cooperative's commitment to serving its members exemplifies a strong community-oriented approach, reinforcing the importance of collective ownership and benefit in the energy sector. Through its operations, People's Cooperative Services contributes to the public good, enhancing the quality of life for those in its service area.
This information is meant to be a general summary of People's Cooperative Services. 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 2023.
- Investment Income: $154,046
- Program Service Revenue: $53,794,420
- Gross Receipts: $55,740,351
Assets and Liabilities:
- Total Assets: $177,175,352
- Total Liabilities: $111,011,044
- Net Assets: $66,164,308
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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
$53,794,420
Organization Details
Founding Year
1936
Principal Officer
Dody Wubker
Website
www.peoplesenergy.coopNTEE Category
Code: W80 - Public benefit
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