Overview
What is Agralite Electric Cooperative?
Agralite Electric Cooperative is a Minnesota-based nonprofit organization, specifically located in Benson with the PO Box address 228. Their primary focus is on distributing electric power to approximately 3,663 members in the region. By providing safe, reliable electric service, Agralite Electric Cooperative contributes to enhancing the quality of life in their community. The cooperative employs a team of 31 individuals to ensure the efficient delivery of electricity to its members.
Official website here: www.agralite.coop
What are the reviews and ratings of this charity?
Agralite Electric Cooperative is not currently rated by Charity Navigator due to its classification as a non-501(c)(3) organization. Charity Navigator evaluations are restricted to IRS-registered 501(c)(3) nonprofits, which excludes Agralite from receiving a formal rating. This absence does not connote a negative or positive appraisal but highlights the organization's ineligibility for typical evaluation criteria.
Historically, ratings typically reflected an organization's Accountability and Finance score. However, aspects such as Leadership & Adaptability, Culture & Community, or Impact & Measurement weren't considered. This makes understanding the Cooperative’s operational effectiveness based solely on these parameters challenging, as the ratings system is built primarily around financial transparency and accountability standards.
Without user reviews from GreatNonprofits, broader community sentiment and qualitative feedback about Agralite’s performance or impact in its service areas remain undocumented online. This limits access to external perspectives regarding the Cooperative's effectiveness or public opinion, leaving a gap in comprehensive public feedback.
This AI summary has been generated from information found on Charity Navigator.
Is Agralite Electric Cooperative legitimate?
Agralite Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Agralite 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: $633,623
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,237,430
For more financial information, click here
Official website here: www.agralite.coop
What is the mission statement of Agralite Electric Cooperative?
Agralite Electric Cooperative is dedicated to providing safe and reliable electric service to its approximately 3,663 members. The cooperative aims to enhance the quality of life in the community by distributing electric power. Its mission extends beyond just electricity, as it also offers related products. The cooperative is committed to ensuring that its members have access to consistent and safe electricity to support their daily needs.
Official website here: www.agralite.coop
Who is the CEO of Agralite Electric Cooperative?
Orvin Gronseth is the President of Agralite Electric Cooperative. The CEO's salary of Agralite Electric Cooperative is $149,235 and their total compensation is $205,206.
Official website here: www.agralite.coop
What is the revenue of Agralite Electric Cooperative?
Agralite Electric Cooperative's revenue in 2022 was $25,358,621.
Official website here: www.agralite.coop
Who are the executives of Agralite Electric Cooperative and what are their salaries?
The average compensation at Agralite Electric Cooperative during 2022 was $92,615. There are 31 employees at Agralite Electric Cooperative.
Here are 15 key members and their salaries (Agralite Electric Cooperative's CEO's salary is $149,235 and their total compensation is $205,206):
- Compensation: $13,450
- Related: $0
- Other: $0
- Compensation: $8,350
- Related: $0
- Other: $0
- Compensation: $9,300
- Related: $0
- Other: $0
- Compensation: $11,100
- Related: $0
- Other: $0
- Compensation: $9,300
- Related: $0
- Other: $0
- Compensation: $9,050
- Related: $0
- Other: $0
- Compensation: $9,400
- Related: $0
- Other: $0
- Compensation: $257,580
- Related: $0
- Other: $53,216
- Compensation: $149,235
- Related: $0
- Other: $55,971
- Compensation: $5,055
- Related: $0
- Other: $2,509
- Compensation: $149,134
- Related: $0
- Other: $94,974
- Compensation: $134,524
- Related: $0
- Other: $48,726
- Compensation: $121,911
- Related: $0
- Other: $81,557
- Compensation: $121,493
- Related: $0
- Other: $35,857
- Compensation: $121,333
- Related: $0
- Other: $19,831
Official website here: www.agralite.coop
Where can I find the form 990 for Agralite Electric Cooperative?
Agralite Electric Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.agralite.coop
Learn more at the official website: www.agralite.coop
Mission Statement of Agralite Electric Cooperative
Agralite Electric Cooperative, with its mission to provide, dedicates itself to distributing safe and reliable electric service and related products to enhance the quality of life in the community it serves. This nonprofit organization is committed to approximately 3,663 members, extending the essential utility of electric power to each household.
Agralite Electric Cooperative's primary objective revolves around the safety and reliability of electric service delivery. By ensuring a steady and secure electric power supply, the cooperative aims to improve the living conditions and overall well-being of its members. The cooperative's commitment extends beyond the mere distribution of electricity, as it strives to provide additional products and services that contribute positively to the community's daily life.
In summary, Agralite Electric Cooperative's mission is twofold. Firstly, it focuses on providing electric power to its members, ensuring a consistent and dependable supply. Secondly, it offers related products and services designed to improve the quality of life in the community, ultimately making a difference in the everyday experiences of its members.
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Impact
October, 2024
Agralite Electric Cooperative plays a vital role in the community by distributing electricity to approximately 3,663 members in Benson, MN. The cooperative is dedicated to providing safe and reliable electric service, which significantly enhances the quality of life for its members. Beyond energy supply, Agralite also offers related products that further contribute to community well-being. By focusing on reliable service and quality improvements, Agralite Electric Cooperative positively impacts the region, supporting local homes and businesses with essential energy solutions.
This information is meant to be a general summary of Agralite 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: $198,236
- Program Service Revenue: $25,074,491
- Gross Receipts: $26,103,339
Assets and Liabilities:
- Total Assets: $70,519,941
- Total Liabilities: $40,805,066
- Net Assets: $29,714,875
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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
$23,539,136
CAPITAL CREDITS
Revenue
$1,199,555
EQUITY EARNINGS
Revenue
$322,030
OTHER NON-OPERATING
Revenue
$13,770
Organization Details
Founding Year
1939
Phone
(320) 843-4150Principal Officer
Orvin Gronseth
Main Address
PO BOX 228, BENSON, MN, 56215
Website
www.agralite.coopNTEE Category
Code: W80 - Public benefit
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