Overview
What is L&O Power Cooperative Inc?
L&O Power Cooperative Inc, located in Rock Rapids, Iowa, functions primarily as a wholesale power supplier to four rural distribution cooperatives. The cooperative also offers wheeling services to three municipalities. By selling electricity to its members, L&O Power Cooperative generates income to cover losses and expenses. This nonprofit organization's mission is dedicated to providing power to its cooperatives and municipalities.
Official website here: www.landopowercoop.com
Is L&O Power Cooperative Inc legitimate?
L&O Power Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. L&O Power 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: $62,550
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.landopowercoop.com
What is the mission statement of L&O Power Cooperative Inc?
L&O Power Cooperative Inc is primarily focused on the sale of electricity to its member cooperatives. This business model is designed to generate income, which in turn, is utilized to cover losses and expenses. Serving as a wholesale power supplier to four rural distribution cooperatives, L&O Power Cooperative plays a crucial role in the electricity supply chain. Additionally, the cooperative offers wheeling services to three municipalities, further expanding its scope of operations. By providing electricity to its members and municipalities, L&O Power Cooperative contributes to the consistent flow of power essential for various communities.
Official website here: www.landopowercoop.com
Who is the CEO of L&O Power Cooperative Inc?
David Deboer is the President of L&O Power Cooperative Inc. The CEO's salary of L&O Power Cooperative Inc is $0 and their total compensation is $0.
Official website here: www.landopowercoop.com
What is the revenue of L&O Power Cooperative Inc?
L&O Power Cooperative Inc's revenue in 2022 was $39,486,397.
Official website here: www.landopowercoop.com
Who are the executives of L&O Power Cooperative Inc and what are their salaries?
Here are 13 key members and their salaries (L&O Power Cooperative Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $6,300
- Related: $0
- Other: $0
- Compensation: $6,750
- Related: $0
- Other: $0
- Compensation: $5,100
- Related: $0
- Other: $0
- Compensation: $9,900
- Related: $0
- Other: $0
- Compensation: $6,300
- Related: $0
- Other: $0
- Compensation: $4,800
- Related: $0
- Other: $0
- Compensation: $3,900
- Related: $0
- Other: $0
- Compensation: $3,300
- Related: $0
- Other: $0
- Compensation: $3,900
- Related: $0
- Other: $0
- Compensation: $4,200
- Related: $0
- Other: $0
- Compensation: $3,600
- Related: $0
- Other: $0
- Compensation: $4,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.landopowercoop.com
Where can I find the form 990 for L&O Power Cooperative Inc?
L&O Power Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.landopowercoop.com
Learn more at the official website: www.landopowercoop.com
Mission Statement of L&O Power Cooperative Inc
L&O Power Cooperative Inc, a wholesale power supplier, exists to sell electricity to four rural distribution cooperatives and three municipalities. The cooperative's primary mission is to generate income, exclusively for the purpose of covering losses and expenses. By providing electric power to these entities, L&O Power Cooperative ensures their operations continue smoothly and effectively. In turn, the cooperative secures its financial stability, maintaining its ability to serve its members diligently. The sale of electricity is the lifeblood of L&O Power Cooperative, fueling its operations and enabling it to make a valuable contribution to the communities it serves.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
L&O Power Cooperative Inc plays a crucial role in providing electricity to its members and supporting rural communities. By serving as a wholesale power supplier to four rural distribution cooperatives, L&O ensures that these areas have access to reliable electrical services. Additionally, the cooperative offers wheeling services to three municipalities, facilitating the efficient transportation of electricity.
The primary mission of L&O Power Cooperative is to generate income through the sale of electricity, enabling it to cover losses and expenses while maintaining a focus on member needs. This structure not only supports local economies but also enhances the quality of life for residents by ensuring they have consistent access to power. Overall, L&O Power Cooperative's operations contribute significantly to the stability and sustainability of rural electrification in Rock Rapids, Iowa, and surrounding areas.
This information is meant to be a general summary of L&O Power 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: $235,823
- Program Service Revenue: $39,250,574
- Gross Receipts: $39,486,397
Assets and Liabilities:
- Total Assets: $64,562,746
- Total Liabilities: $29,403,274
- Net Assets: $35,159,472
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRICITY SOLD TO MEMBERS
Revenue
$33,888,295
GEN & TRANS. CAPITAL CREDITS
Revenue
$4,010,318
SPP-RTO REVENUE
Revenue
$978,032
OTHER OPERATING INCOME
Revenue
$373,929
Organization Details
Founding Year
1952
Phone
(712) 472-2556Principal Officer
David Deboer
Main Address
1302 SOUTH UNION STREET, ROCK RAPIDS, IA, 51246
Website
www.landopowercoop.comNTEE Category
Code: W80 - Public benefit
If you are a representative of L&O Power 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.