Overview
What is Wright-Hennepin Electric Trust?
Wright-Hennepin Electric Trust is a charitable organization based in Rockford, Minnesota. Its primary purpose is to collect funds from members of the Wright-Hennepin Cooperative Electric Association by rounding up their energy bills to the nearest whole dollar each month. The excess amount collected is then donated to non-profit organizations primarily serving the area covered by the cooperative electric association. The trust's mission is to accumulate and disburse these funds for charitable and educational purposes within its service area. The trust's contributions aim to support community service, education, youth, environment, and emergency energy assistance initiatives.
Official website here: www.whe.org
Is Wright-Hennepin Electric Trust legitimate?
Wright-Hennepin Electric Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wright-Hennepin Electric Trust 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: $6,125
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.whe.org
What is the mission statement of Wright-Hennepin Electric Trust?
The Wright-Hennepin Electric Trust is established with the primary objective of accumulating and dispensing funds for charitable and educational purposes. This is primarily done in the areas served by the Wright-Hennepin Cooperative Electric Association. Members of the Wright-Hennepin Cooperative Association contribute to this trust by allowing their energy bills to be rounded up to the nearest whole dollar amount each month. The excess amount contributed beyond the energy bill is then channeled into the trust. The trust's donations mainly support community service, education and youth, environmental, and emergency energy assistance initiatives within the Wright-Hennepin Electric Cooperative Association's area of service.
Official website here: www.whe.org
Who is the CEO of Wright-Hennepin Electric Trust?
Ronald Zachman is the Chair of Wright-Hennepin Electric Trust.
Official website here: www.whe.org
What is the revenue of Wright-Hennepin Electric Trust?
Wright-Hennepin Electric Trust's revenue in 2022 was $251,343.
Official website here: www.whe.org
Who are the executives of Wright-Hennepin Electric Trust and what are their salaries?
Here are 9 key members and their salaries:
- Compensation: $875
- Related: $0
- Other: $0
- Compensation: $750
- Related: $0
- Other: $0
- Compensation: $625
- Related: $0
- Other: $0
- Compensation: $625
- Related: $0
- Other: $0
- Compensation: $750
- Related: $0
- Other: $0
- Compensation: $625
- Related: $0
- Other: $0
- Compensation: $500
- Related: $0
- Other: $0
- Compensation: $625
- Related: $0
- Other: $0
- Compensation: $750
- Related: $0
- Other: $0
Official website here: www.whe.org
Where can I find the form 990 for Wright-Hennepin Electric Trust?
Wright-Hennepin Electric Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.whe.org
Learn more at the official website: www.whe.org
Mission Statement of Wright-Hennepin Electric Trust
The Wright-Hennepin Electric Trust, a charitable organization, is primarily focused on accumulating and distributing funds for charitable and educational purposes. This funding is primarily aimed at non-profit organizations operating within the same geographical area served by Wright-Hennepin Cooperative Electric Association. The trust operates on a unique funding model where participating members of the cooperative association contribute to it by rounding up their energy bills to the nearest whole dollar amount each month. The excess amount contributed beyond the energy bill is then donated to the trust. This mechanism enables the Wright-Hennepin Electric Trust to provide financial support to various community initiatives, including projects related to community service, education and youth, environmental conservation, and emergency energy assistance.
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Impact
October, 2024
Wright-Hennepin Electric Trust significantly impacts the communities it serves by providing crucial funding to nonprofit organizations that focus on community service, education, youth programs, environmental initiatives, and emergency energy assistance. By rounding up energy bills to the nearest whole dollar, participating members contribute to a collective fund that supports local charities and enhances the quality of life in the area. This model not only fosters community cohesion but also empowers residents by addressing immediate needs and investing in long-term educational and environmental projects. The trust's contributions are vital in creating a sustainable and supportive environment for individuals and families in the Wright-Hennepin Cooperative Electric Association area.
This information is meant to be a general summary of Wright-Hennepin Electric Trust. 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: $277
- Gross Receipts: $251,343
Assets and Liabilities:
- Total Assets: $86,102
- Total Liabilities: $0
- Net Assets: $86,102
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Organization Details
Founding Year
1994
Phone
(763) 477-3000Principal Officer
Ronald Zachman
Main Address
6800 ELECTRIC DR, ROCKFORD, MN, 55373
Website
www.whe.orgNTEE Category
Code: P58J - Human services
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