Clearwater-Polk Electric Cooperative Inc

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

EIN: 410654789 ✦ Bagley, MN ✦ Designated as a 501(c)(12)

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Overview

What is Clearwater-Polk Electric Cooperative Inc?

Clearwater-Polk Electric Cooperative Inc, located in Bagley, Minnesota, is a nonprofit organization dedicated to providing electrical distribution services to approximately 4,540 members. Their mission is to offer economical and reliable energy services while prioritizing the safety and well-being of their employees and members, with a consideration for the environment. This cooperative operates with a team of 18 individuals, ensuring that electricity is available to its members in an efficient and sustainable manner.


Official website here: www.clearwater-polk.com

Is Clearwater-Polk Electric Cooperative Inc legitimate?

Clearwater-Polk Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Clearwater-Polk Electric Cooperative Inc 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: $523,881
Professional Fundraising Fees: $0
Other Salaries and Wages: $918,895

For more financial information, click here


Official website here: www.clearwater-polk.com

What is the mission statement of Clearwater-Polk Electric Cooperative Inc?

Clearwater-Polk Electric Cooperative Inc's mission is to deliver economical and reliable energy services to its approximately 4,540 members, prioritizing the safety and well-being of its employees. The cooperative also shows consideration towards the environment in its operations.


Official website here: www.clearwater-polk.com

Who is the CEO of Clearwater-Polk Electric Cooperative Inc?

Deanna Lefebvre is the President/Director of Clearwater-Polk Electric Cooperative Inc.


Official website here: www.clearwater-polk.com

What is the revenue of Clearwater-Polk Electric Cooperative Inc?

Clearwater-Polk Electric Cooperative Inc's revenue in 2022 was $10,516,706.


Official website here: www.clearwater-polk.com

Who are the executives of Clearwater-Polk Electric Cooperative Inc and what are their salaries?

The average compensation at Clearwater-Polk Electric Cooperative Inc during 2022 was $80,154. There are 18 employees at Clearwater-Polk Electric Cooperative Inc.


Here are 11 key members and their salaries:


Greg Spaulding (President/Director)
  • Compensation: $5,035
  • Related: $0
  • Other: $0
Greg Renner (Vice President/Director)
  • Compensation: $3,502
  • Related: $0
  • Other: $0
Harlan Highberg (Treasurer/Director)
  • Compensation: $5,025
  • Related: $0
  • Other: $0
Kim Solberg (Secretary/Director)
  • Compensation: $5,202
  • Related: $0
  • Other: $0
Dennis Engebretson (Director)
  • Compensation: $4,625
  • Related: $0
  • Other: $0
Robert A Johnson (Director)
  • Compensation: $3,975
  • Related: $0
  • Other: $0
Bill Lanners (Director)
  • Compensation: $3,975
  • Related: $0
  • Other: $0
Deanna Lefebvre (General Manager)
  • Compensation: $147,029
  • Related: $0
  • Other: $157,069
Todd Waggoner (Operations Manager)
  • Compensation: $105,896
  • Related: $0
  • Other: $79,001
Angela Schneider (Office And Finance Manager)
  • Compensation: $88,416
  • Related: $0
  • Other: $32,160
Ian Willborg (Lineman)
  • Compensation: $101,327
  • Related: $0
  • Other: $20,270


Official website here: www.clearwater-polk.com

Where can I find the form 990 for Clearwater-Polk Electric Cooperative Inc?

Clearwater-Polk Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.clearwater-polk.com

Learn more at the official website: www.clearwater-polk.com

Mission Statement of Clearwater-Polk Electric Cooperative Inc

Clearwater-Polk Electric Cooperative Inc, as an electrical distribution cooperative, is dedicated to its approximately 4,540 members. The mission of this cooperative is multifaceted, striving to provide economical and reliable energy services. Beyond this, Clearwater-Polk Electric Cooperative Inc places a significant emphasis on the safety and well-being of its employees and members. In adherence to environmental considerations, the cooperative integrates eco-friendly practices into its operations. In essence, Clearwater-Polk Electric Cooperative Inc seeks to deliver affordable, dependable energy while ensuring the welfare of its staff and members, all while being mindful of the environment.

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Impact




October, 2024

Clearwater-Polk Electric Cooperative Inc plays a vital role in the local community by providing reliable and economical electrical services to approximately 4,540 members in Bagley, Minnesota. The cooperative focuses on ensuring safety and well-being for both employees and members, reflecting a commitment to responsible energy distribution.

The cooperative's impact extends beyond just supplying electricity; it emphasizes environmental considerations in its operations. This approach not only fosters a sense of community among its members but also promotes sustainable practices. By striving to balance affordable energy access with a respect for the environment, Clearwater-Polk Electric Cooperative Inc contributes to the broader goal of sustainable energy use, enhancing the quality of life for its members and supporting the public good in the region.




This information is meant to be a general summary of Clearwater-Polk Electric Cooperative Inc. 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.

Revenue
$10,516,706 (2022)
Expenses
$10,295,232 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $15,070
  • Program Service Revenue: $10,296,770
  • Gross Receipts: $10,526,414

Assets and Liabilities:

  • Total Assets: $22,739,377
  • Total Liabilities: $10,316,240
  • Net Assets: $12,423,137

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Programs

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

ELECTRIC SALES

Revenue

$10,296,770

Organization Details

Founding Year

1947

Principal Officer

Deanna Lefebvre

Main Address

PO BOX O, BAGLEY, MN, 566211001

NTEE Category

Code: W80 - Public benefit

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