Overview
What is Osceola Electric Cooperative Inc?
Osceola Electric Cooperative Inc, based in Sibley, Iowa, is a rural electric cooperative that serves approximately 874 consumers in northwest Iowa. As a nonprofit organization, its primary mission is to provide electric service to its members, generating income solely to cover losses and expenses. The cooperative is staffed by a team of nine individuals, who work diligently to deliver reliable electricity to their community. By doing so, Osceola Electric Cooperative Inc contributes to the well-being and livelihood of its members in the region.
Official website here: www.osceolaelectric.com
Is Osceola Electric Cooperative Inc legitimate?
Osceola Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Osceola 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: $242,426
Professional Fundraising Fees: $0
Other Salaries and Wages: $427,910
For more financial information, click here
Official website here: www.osceolaelectric.com
What is the mission statement of Osceola Electric Cooperative Inc?
Osceola Electric Cooperative Inc's primary mission is centered around providing electric service to its members. This cooperative operates with a goal to generate income solely to cover its losses and expenses. The cooperative has successfully served approximately 874 consumers in Northwest Iowa, fulfilling their electrical needs. The main objective of Osceola Electric Cooperative Inc is to sell electricity to its members, thereby ensuring the cooperative's financial sustainability.
Official website here: www.osceolaelectric.com
Who is the CEO of Osceola Electric Cooperative Inc?
Ronald Jacobs is the President of Osceola Electric Cooperative Inc.
Official website here: www.osceolaelectric.com
What is the revenue of Osceola Electric Cooperative Inc?
Osceola Electric Cooperative Inc's revenue in 2022 was $7,017,092.
Official website here: www.osceolaelectric.com
Who are the executives of Osceola Electric Cooperative Inc and what are their salaries?
The average compensation at Osceola Electric Cooperative Inc during 2022 was $74,482. There are 9 employees at Osceola Electric Cooperative Inc.
Here are 9 key members and their salaries:
- Compensation: $6,775
- Related: $0
- Other: $0
- Compensation: $3,300
- Related: $0
- Other: $0
- Compensation: $4,225
- Related: $0
- Other: $0
- Compensation: $3,750
- Related: $0
- Other: $0
- Compensation: $3,500
- Related: $0
- Other: $0
- Compensation: $4,000
- Related: $0
- Other: $0
- Compensation: $4,250
- Related: $0
- Other: $0
- Compensation: $151,455
- Related: $0
- Other: $116,690
- Compensation: $105,933
- Related: $0
- Other: $69,103
Official website here: www.osceolaelectric.com
Where can I find the form 990 for Osceola Electric Cooperative Inc?
Osceola Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.osceolaelectric.com
Learn more at the official website: www.osceolaelectric.com
Mission Statement of Osceola Electric Cooperative Inc
Osceola Electric Cooperative Inc, a rural electric cooperative, is dedicated to providing electric service to its members. The organization's primary mission is to sell electricity to its members, with the sole purpose of generating income to cover its operational losses and expenses. By successfully delivering electric service to approximately 874 consumers in northwest Iowa, Osceola Electric Cooperative Inc fulfills its mission, ensuring a reliable energy supply to its member-owners. The cooperative's operation is not driven by profit, but rather, it serves its members' needs while maintaining financial sustainability.
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Impact
October, 2024
Osceola Electric Cooperative Inc significantly impacts the communities in Northwest Iowa by providing reliable electric service to approximately 874 consumers in the area. This rural electric cooperative plays a vital role in ensuring that its members have access to electricity, which is essential for daily living and local economic development. By focusing on the sale of electricity, Osceola Electric generates income that is crucial for covering operational losses and expenses, ultimately allowing it to sustain its services and support its members effectively. The cooperative's mission emphasizes a commitment to the welfare of its community, ensuring that electric service is both accessible and dependable for all.
This information is meant to be a general summary of Osceola 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: $41,689
- Program Service Revenue: $6,979,456
- Gross Receipts: $7,049,529
Assets and Liabilities:
- Total Assets: $19,132,234
- Total Liabilities: $7,365,440
- Net Assets: $11,766,794
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF ELECTRICITY
Revenue
$6,550,165
COOP CAPITAL CREDITS
Revenue
$429,291
Organization Details
Founding Year
1938
Phone
(712) 754-2519Principal Officer
Ronald Jacobs
Main Address
PO BOX 127, SIBLEY, IA, 51249
Website
www.osceolaelectric.comNTEE Category
Code: W80 - Public benefit
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