Overview
What is Red Lake Electric Cooperative?
Red Lake Electric Cooperative, based in Red Lake Falls, Minnesota, is a nonprofit organization dedicated to enhancing the quality of life for residents within their service area. With a mission to consistently provide safe and reliable electric services, they prioritize the well-being of their employees, community, and the environment. The cooperative consists of 22 employees, who work to ensure the delivery of quality electric services and other offerings while maintaining a high respect for their stakeholders.
Official website here: www.redlakeelectric.com
Is Red Lake Electric Cooperative legitimate?
Red Lake Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Red Lake Electric Cooperative 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: $225,792
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.redlakeelectric.com
What is the mission statement of Red Lake Electric Cooperative?
The Red Lake Electric Cooperative is dedicated to improving the lives of those in its service area. This is achieved by delivering safe and reliable electric services, as well as additional offerings, with a strong commitment to employee, community, and environmental well-being. The cooperative's mission is to consistently provide quality electric services and other offerings, all while maintaining a high regard for its employees, the community, and the environment.
Official website here: www.redlakeelectric.com
Who is the CEO of Red Lake Electric Cooperative?
Stephanie Johnson is the Director of Red Lake Electric Cooperative.
Official website here: www.redlakeelectric.com
What is the revenue of Red Lake Electric Cooperative?
Red Lake Electric Cooperative's revenue in 2022 was $15,413,825.
Official website here: www.redlakeelectric.com
Who are the executives of Red Lake Electric Cooperative and what are their salaries?
The average compensation at Red Lake Electric Cooperative during 2022 was $10,263. There are 22 employees at Red Lake Electric Cooperative.
Here are 10 key members and their salaries:
- Compensation: $4,500
- Related: $0
- Other: $0
- Compensation: $5,600
- Related: $0
- Other: $0
- Compensation: $7,000
- Related: $0
- Other: $0
- Compensation: $4,000
- Related: $0
- Other: $0
- Compensation: $4,000
- Related: $0
- Other: $0
- Compensation: $6,000
- Related: $0
- Other: $0
- Compensation: $6,750
- Related: $0
- Other: $0
- Compensation: $5,000
- Related: $0
- Other: $0
- Compensation: $4,000
- Related: $0
- Other: $0
- Compensation: $119,750
- Related: $0
- Other: $103,172
Official website here: www.redlakeelectric.com
Where can I find the form 990 for Red Lake Electric Cooperative?
Red Lake Electric Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.redlakeelectric.com
Learn more at the official website: www.redlakeelectric.com
Mission Statement of Red Lake Electric Cooperative
Red Lake Electric Cooperative, a mission-driven organization, strives to enhance the quality of life for people within its service area. The cooperative is committed to delivering safe and reliable electric services and other essential offerings, all while maintaining a deep respect for its employees, community, and the environment.
The team at Red Lake Electric Cooperative is dedicated to providing top-notch electric services that ensure the well-being and convenience of its customers. By consistently adhering to safety standards and prioritizing quality, the cooperative instills trust and confidence in its community. Additionally, it offers a variety of services beyond electricity to cater to the diverse needs of the people it serves.
Red Lake Electric Cooperative holds its employees in high regard, valuing their contributions and fostering a culture of professionalism and excellence. This approach not only results in a skilled and productive workforce but also creates a positive and inclusive work environment. Furthermore, the cooperative recognizes the importance of its community and the environment and is committed to giving back and minimizing its impact on both. With a strong focus on maintaining a harmonious relationship with its employees, community, and the environment, Red Lake Electric Cooperative continues to make a difference in the lives of those it serves.
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Impact
October, 2024
Red Lake Electric Cooperative significantly enhances the quality of life for individuals in its service area. By consistently providing safe and reliable electric service, the cooperative plays a crucial role in enabling everyday activities, supporting local businesses, and fostering community development.
The cooperative emphasizes a commitment to high standards, ensuring that its services not only meet the needs of its customers but also contribute positively to the environment. This commitment extends to its workforce, as the cooperative values its employees and prioritizes their welfare, creating a dedicated and skilled team that serves the community effectively.
Through its various initiatives, Red Lake Electric Cooperative actively engages with the community, supporting local events and programs that further build a sense of solidarity and cooperation among residents. By focusing on quality service and community enhancement, the cooperative's impact resonates throughout Red Lake Falls, reinforcing the interconnectedness of people, services, and the environment.
This information is meant to be a general summary of Red Lake Electric Cooperative. 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: $47,844
- Program Service Revenue: $15,363,408
- Gross Receipts: $15,543,985
Assets and Liabilities:
- Total Assets: $32,080,315
- Total Liabilities: $19,531,210
- Net Assets: $12,549,105
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC OPERATING REVENUE
Revenue
$15,117,113
CAPITAL CREDITS FROM OTHER COOPS
Revenue
$246,295
Organization Details
Founding Year
1938
Phone
(218) 253-2168Principal Officer
Stephanie Johnson
Main Address
PO BOX 430, RED LAKE FALLS, MN, 56750
Website
www.redlakeelectric.comNTEE Category
Code: W80 - Public benefit
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