Arrowhead Electric Cooperative Inc

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

EIN: 410735682 ✦ Lutsen, MN ✦ Designated as a 501(c)(12)

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

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 not tax deductible.

Here 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):

    John Twiest (General Manager/Ceo)
  • Compensation: $182,749
  • Related: $0
  • Other: $56,291

    • Brian Schroeder (Lineman)
  • Compensation: $136,521
  • Related: $0
  • Other: $50,659

    • Jerry Paine (Lineman)
  • Compensation: $128,949
  • Related: $0
  • Other: $48,280

    • Aaron Sjogren (Lineman)
  • Compensation: $128,427
  • Related: $0
  • Other: $44,765

    • Jenny Kartes (Director Of Finance)
  • Compensation: $126,805
  • Related: $0
  • Other: $42,897

    • Sara Mcmanus (Member Service Manager)
  • Compensation: $120,515
  • Related: $0
  • Other: $41,729

    • Dan Johnson (Operations Manager)
  • Compensation: $112,742
  • Related: $0
  • Other: $39,357

    • Mike Littfin (President) [Trustee/Director]
  • Compensation: $10,288
  • Related: $0
  • Other: $0

    • Donna Lunke (Secretary) [Trustee/Director]
  • Compensation: $9,525
  • Related: $0
  • Other: $0

    • Stanley Tull (Director)
  • Compensation: $8,350
  • Related: $0
  • Other: $0

    • Don Mckeever (Director)
  • Compensation: $8,350
  • Related: $0
  • Other: $0

    • Michael Valentini (Vice President) [Trustee/Director]
  • Compensation: $7,211
  • Related: $0
  • Other: $0

    • Roger Opp (Treasurer) [Trustee/Director]
  • Compensation: $4,350
  • Related: $0
  • Other: $0

    • Sharon Hexum-Platzer (Director)
  • Compensation: $4,350
  • Related: $0
  • Other: $0

    • Scott Harrison (Director)
  • Compensation: $2,850
  • Related: $0
  • Other: $0


  • Official website here: www.aecimn.com

    Where can I find the form 990 for Arrowhead Electric Cooperative Inc?

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    Arrowhead Electric Cooperative Inc's impact is crucial in providing electric energy distribution services to consumers in Lutsen, MN. By ensuring a reliable source of electricity, Arrowhead Electric Cooperative plays a vital role in powering homes and businesses in the area, supporting economic activities, infrastructure development, and overall quality of life for the community. Their dedication to providing essential services contributes to the well-being and sustainability of the local residents and businesses they serve.





    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: $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
  • 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

    Principal Officer

    John Twiest

    Main Address

    PO BOX 39, LUTSEN, MN, 556120039

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Arrowhead Electric Cooperative Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.