Overview
What is Arrowhead Electric Cooperative Inc?
Arrowhead Electric Cooperative Inc, based in Lutsen, Minnesota, is a public utility organization dedicated to providing electric energy distribution and additional services to the local community. As a cooperative, they aim to meet the energy needs of their consumers efficiently and effectively. The mission of Arrowhead Electric Cooperative includes the distribution of electric energy, ensuring a reliable and sustainable energy source for residents in Lutsen.
Official website here: www.aecimn.com
What are the reviews and ratings of this charity?
Arrowhead Electric Cooperative Inc is not currently rated by Charity Navigator. This lack of rating arises because the cooperative does not hold a 501(c)(3) status, which restricts its eligibility for evaluation on key beacons like Accountability & Finance or Impact & Measurement. The absence of a rating should not be interpreted as either positive or negative, but rather as a lack of available evaluation.
Historical ratings from Charity Navigator generally reflect aspects related to accountability and finance, but metrics like Leadership & Adaptability or Impact & Measurement were not previously considered. For Arrowhead Electric Cooperative, critical details such as total revenue, expenses, or salaries of key persons are unavailable, further limiting insights into their financial health.
On GreatNonprofits, no user reviews are available for Arrowhead Electric Cooperative Inc. This absence of user feedback means there is no additional qualitative data from individuals who have had direct experience with or insights into the cooperative's operations or impact.
This AI summary has been generated from information found on Charity Navigator.
Is Arrowhead Electric Cooperative Inc legitimate?
Arrowhead Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Arrowhead 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: $464,016
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.aecimn.com
What is the mission statement of Arrowhead Electric Cooperative Inc?
Arrowhead Electric Cooperative is a public utility company dedicated to providing electric energy distribution to consumers. Its mission involves delivering this essential service and offering additional support to communities. Based in Minnesota, the cooperative offers various services to meet the energy needs of its consumers. Its commitment extends beyond electricity, ensuring a reliable and sustainable energy solution for those it serves. Through innovation and dedication, Arrowhead Electric Cooperative strives to enhance the quality of life for its customers while maintaining a focus on responsible energy practices.
Official website here: www.aecimn.com
Who is the CEO of Arrowhead Electric Cooperative Inc?
John Twiest is the President of Arrowhead Electric Cooperative Inc. The CEO's salary of Arrowhead Electric Cooperative Inc is $182,749 and their total compensation is $239,040.
Official website here: www.aecimn.com
What is the revenue of Arrowhead Electric Cooperative Inc?
Arrowhead Electric Cooperative Inc's revenue in 2022 was $16,310,489.
Official website here: www.aecimn.com
Who are the executives of Arrowhead Electric Cooperative Inc and what are their salaries?
The average compensation at Arrowhead Electric Cooperative Inc during 2022 was $17,186. There are 27 employees at Arrowhead Electric Cooperative Inc.
Here are 15 key members and their salaries (Arrowhead Electric Cooperative Inc's CEO's salary is $182,749 and their total compensation is $239,040):
- Compensation: $10,288
- Related: $0
- Other: $0
- Compensation: $7,211
- Related: $0
- Other: $0
- Compensation: $4,350
- Related: $0
- Other: $0
- Compensation: $9,525
- Related: $0
- Other: $0
- Compensation: $8,350
- Related: $0
- Other: $0
- Compensation: $2,850
- Related: $0
- Other: $0
- Compensation: $8,350
- Related: $0
- Other: $0
- Compensation: $4,350
- Related: $0
- Other: $0
- Compensation: $126,805
- Related: $0
- Other: $42,897
- Compensation: $182,749
- Related: $0
- Other: $56,291
- Compensation: $128,949
- Related: $0
- Other: $48,280
- Compensation: $136,521
- Related: $0
- Other: $50,659
- Compensation: $128,427
- Related: $0
- Other: $44,765
- Compensation: $120,515
- Related: $0
- Other: $41,729
- Compensation: $112,742
- Related: $0
- Other: $39,357
Official website here: www.aecimn.com
Where can I find the form 990 for Arrowhead Electric Cooperative Inc?
Arrowhead Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aecimn.com
Learn more at the official website: www.aecimn.com
Mission Statement of Arrowhead Electric Cooperative Inc
Arrowhead Electric Cooperative, a public utility organization, is dedicated to providing electric energy distribution and additional services to consumers. In simple terms, this nonprofit is committed to bringing electricity to communities and ensuring the reliable flow of power for its members. By offering this essential service, Arrowhead Electric Cooperative significantly enhances the living conditions and quality of life for those it serves.
Located in Lutsen, Minnesota, Arrowhead Electric Cooperative plays a vital role in bringing light and power to homes and businesses in the area. This important mission is not just about providing electricity; it's about connecting communities and enabling them to thrive. The cooperative's efforts ensure that residents and businesses have consistent access to electricity, enabling them to carry out their daily activities and support local economies.
Furthermore, the organization extends its reach beyond electricity distribution with other valuable services. By offering various support and utilities, Arrowhead Electric Cooperative aims to improve the overall well-being and convenience of its members. The cooperative's commitment to its community is evident in its dedication to providing essential services and enhancing the quality of life for its consumers.
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Impact
October, 2024
Arrowhead Electric Cooperative Inc plays a vital role in providing reliable electric energy distribution to the community of Lutsen, MN. By ensuring that residents and businesses have access to essential electrical services, the cooperative contributes significantly to the area's quality of life and economic stability.
In addition to energy distribution, Arrowhead Electric Cooperative may engage in various initiatives that foster community development and enhance the overall well-being of its members. The cooperative's commitment to serving the needs of its consumers reflects its dedication to public benefit, promoting sustainability, and supporting local initiatives. Through these services, Arrowhead Electric Cooperative helps to strengthen the local economy and ensure a stable energy infrastructure for the future.
This information is meant to be a general summary of Arrowhead 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $11,184
- Program Service Revenue: $14,218,112
- Gross Receipts: $16,310,489
Assets and Liabilities:
- Total Assets: $40,933,502
- Total Liabilities: $22,408,912
- Net Assets: $18,524,590
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC REVENUE
Revenue
$10,354,875
TELECOM REVENUE
Revenue
$3,863,237
Organization Details
Founding Year
1953
Phone
(218) 663-7239Principal Officer
John Twiest
Main Address
PO BOX 39, LUTSEN, MN, 556120039
Website
www.aecimn.comNTEE Category
Code: W80 - Public benefit
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