Steele-Waseca Cooperative Electric

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

EIN: 410558515 ✦ Owatonna, MN ✦ Designated as a 501(c)(12)

Overview

What is Steele-Waseca Cooperative Electric?

Steele-Waseca Cooperative Electric is a cooperative electric utility headquartered with a mission to deliver competitive and reliable quality electrical service to its membership. As a nonprofit organization, they focus primarily on the sale of electricity to their members and aim to maintain a strong commitment to their community. With a cooperative approach, they ensure that their members' needs are met efficiently and effectively.


Official website here: www.swce.coop

Is Steele-Waseca Cooperative Electric legitimate?

Steele-Waseca Cooperative Electric is a legitimate nonprofit organization registered as a 501(c)(12) entity. Steele-Waseca 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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $1,015,153
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.swce.coop

What is the mission statement of Steele-Waseca Cooperative Electric?

Steele-Waseca Cooperative Electric is dedicated to delivering competitive and dependable electric services to its membership. As a cooperative utility, the organization prioritizes quality in all aspects of its operations. Its primary focus is on the sale of electricity, ensuring that its customers receive reliable and effective energy solutions. Steele-Waseca Cooperative Electric is committed to maintaining a strong connection with its community, providing essential electricity services to support their daily lives and power their businesses. By prioritizing affordability and reliability, this cooperative utility strives to enhance the overall living standards and economic growth of its members.


Official website here: www.swce.coop

Who is the CEO of Steele-Waseca Cooperative Electric?

Sydney Briggs is the President of Steele-Waseca Cooperative Electric.


Official website here: www.swce.coop

What is the revenue of Steele-Waseca Cooperative Electric?

Steele-Waseca Cooperative Electric's revenue in 2022 was $39,111,435.


Official website here: www.swce.coop

Who are the executives of Steele-Waseca Cooperative Electric and what are their salaries?

The average compensation at Steele-Waseca Cooperative Electric during 2022 was $29,857. There are 34 employees at Steele-Waseca Cooperative Electric.

Here are 16 key members and their salaries:

    Sydney Briggs (General Manager)
  • Compensation: $223,432
  • Related: $0
  • Other: $127,085

    • Dan Meier (Operations Manager)
  • Compensation: $142,640
  • Related: $0
  • Other: $106,973

    • Jon Stelter (Finance Manager)
  • Compensation: $145,554
  • Related: $0
  • Other: $97,317

    • Steve Nordahl (System Technician)
  • Compensation: $133,669
  • Related: $0
  • Other: $64,950

    • David Lundberg (Finance Manager)
  • Compensation: $150,588
  • Related: $0
  • Other: $19,415

    • Collin Wencl (Line Technician)
  • Compensation: $131,422
  • Related: $0
  • Other: $35,643

    • Chad Henderson (Line Foreman)
  • Compensation: $131,847
  • Related: $0
  • Other: $29,549

    • Dennis Ringhofer (Director)
  • Compensation: $30,985
  • Related: $0
  • Other: $0

    • Gary Wilson (President) [Trustee/Director]
  • Compensation: $30,205
  • Related: $0
  • Other: $0

    • Rodney Krell (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $29,705
  • Related: $0
  • Other: $0

    • Geraldine Lienke (Director)
  • Compensation: $29,400
  • Related: $0
  • Other: $0

    • John Beal (Vice-President) [Trustee/Director]
  • Compensation: $29,140
  • Related: $0
  • Other: $0

    • Patrick Duchene (Director)
  • Compensation: $28,705
  • Related: $0
  • Other: $0

    • Ronald Sommers (Acting Secretary/Treasurer) [Trustee/Director]
  • Compensation: $28,380
  • Related: $0
  • Other: $0

    • Duane Edwardson (Director)
  • Compensation: $25,920
  • Related: $0
  • Other: $0

    • Renee Malecha (Director)
  • Compensation: $19,320
  • Related: $0
  • Other: $0


  • Official website here: www.swce.coop

    Where can I find the form 990 for Steele-Waseca Cooperative Electric?

    The Steele-Waseca Cooperative Electric’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.swce.coop

    Learn more at the official website: www.swce.coop

    Mission Statement of Steele-Waseca Cooperative Electric

    Steele-Waseca Cooperative Electric, a cooperative utility, is committed to delivering competitive and dependable electricity services to its membership base. This mission-driven organization puts quality at the forefront of its operations, ensuring that each member receives reliable power solutions. Through its primary program, Steele-Waseca Cooperative Electric sells electricity to its customers, solidifying its position as a trusted provider in the industry.

    Impact

    This information is meant to be a general summary of Steele-Waseca Cooperative Electric. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Steele-Waseca Cooperative Electric's impact lies in providing competitive, reliable, quality service to its members as a cooperative electric utility. Their mission is focused on ensuring that their members have access to affordable electricity while maintaining high standards of service. By fulfilling their mission, Steele-Waseca Cooperative Electric contributes to the well-being and prosperity of its community by powering homes, businesses, and institutions with a reliable source of energy.





    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: $127,869
  • Program Service Revenue: $38,282,535
  • Gross Receipts: $39,113,706

    • Assets and Liabilities:
  • Total Assets: $99,899,632
  • Total Liabilities: $53,166,954
  • Net Assets: $46,732,678
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    SALE OF POWER

    Revenue

    $38,089,657

    OTHER ELECTRIC REVENUE

    Revenue

    $192,878

    Organization Details

    Founding Year

    1936

    Principal Officer

    Sydney Briggs

    Main Address

    2411 WEST BRIDGE STREET PO BOX 485, OWATONNA, MN, 55060

    NTEE Category

    Code: W90 - Public benefit

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