Overview
What is Iowa Lakes Electric Cooperative?
Iowa Lakes Electric Cooperative, a rural electric cooperative based in Esterville, Iowa, serves as a vital utility provider for its cooperative members. With a team of 71 employees, the cooperative's primary mission is to deliver electric services to its community. This nonprofit organization, located at 702 South 1st Street, provides essential electric utility services to its members, contributing to the improvement of their daily lives.
Official website here: www.ilec.coop
What do the Facebook reviews say about Iowa Lakes Electric Cooperative?
92% of 17 reviewers on Facebook recommend Iowa Lakes Electric Cooperative. Here is a summary of their reviews:
Many users express a strong sense of reliability regarding the cooperative's services, highlighting their consistent performance and support. One customer enthusiastically described them as “The Best in Northwest Iowa,” emphasizing confidence in their dependability.
Overall, the sentiment is overwhelmingly positive, illustrating that the cooperative is valued for its commitment to serving the community and ensuring customer satisfaction. Users appreciate being able to count on the cooperative for their electric needs.
This AI summary has been generated from reviews found on Facebook.
Is Iowa Lakes Electric Cooperative legitimate?
Iowa Lakes Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Iowa Lakes Electric Cooperative 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: $1,724,050
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ilec.coop
What is the mission statement of Iowa Lakes Electric Cooperative?
The Iowa Lakes Electric Cooperative is dedicated to delivering electric utility services to its cooperative members. Its primary mission is to provide reliable and efficient electricity to enhance the quality of life for those it serves. The cooperative's commitment extends beyond just electricity, as it strives to ensure that its members receive exceptional value and customer service. In essence, the Iowa Lakes Electric Cooperative is a not-for-profit organization that exists to meet the electric power needs of its rural community members, fostering a sustainable and connected living environment.
Official website here: www.ilec.coop
Who is the CEO of Iowa Lakes Electric Cooperative?
Shelly Tredway is the Chairman of Iowa Lakes Electric Cooperative. The CEO's salary of Iowa Lakes Electric Cooperative is $198,593 and their total compensation is $215,505.
Official website here: www.ilec.coop
What is the revenue of Iowa Lakes Electric Cooperative?
Iowa Lakes Electric Cooperative's revenue in 2022 was $73,260,940.
Official website here: www.ilec.coop
Who are the executives of Iowa Lakes Electric Cooperative and what are their salaries?
The average compensation at Iowa Lakes Electric Cooperative during 2022 was $24,282. There are 71 employees at Iowa Lakes Electric Cooperative.
Here are 26 key members and their salaries (Iowa Lakes Electric Cooperative's CEO's salary is $198,593 and their total compensation is $215,505):
- Compensation: $8,600
- Related: $0
- Other: $0
- Compensation: $8,250
- Related: $0
- Other: $0
- Compensation: $5,450
- Related: $0
- Other: $0
- Compensation: $9,650
- Related: $0
- Other: $0
- Compensation: $8,400
- Related: $0
- Other: $0
- Compensation: $7,000
- Related: $0
- Other: $0
- Compensation: $8,050
- Related: $0
- Other: $0
- Compensation: $6,650
- Related: $0
- Other: $0
- Compensation: $7,700
- Related: $0
- Other: $0
- Compensation: $6,300
- Related: $0
- Other: $0
- Compensation: $8,050
- Related: $0
- Other: $0
- Compensation: $7,350
- Related: $0
- Other: $0
- Compensation: $8,050
- Related: $0
- Other: $0
- Compensation: $7,350
- Related: $0
- Other: $0
- Compensation: $198,593
- Related: $0
- Other: $16,912
- Compensation: $206,100
- Related: $0
- Other: $58,421
- Compensation: $175,927
- Related: $0
- Other: $113,256
- Compensation: $141,231
- Related: $0
- Other: $60,338
- Compensation: $133,421
- Related: $0
- Other: $43,217
- Compensation: $246,997
- Related: $0
- Other: $28,870
- Compensation: $116,186
- Related: $0
- Other: $77,731
- Compensation: $121,990
- Related: $0
- Other: $65,412
- Compensation: $114,530
- Related: $0
- Other: $74,509
- Compensation: $112,051
- Related: $0
- Other: $60,402
- Compensation: $116,890
- Related: $0
- Other: $66,120
- Compensation: $107,121
- Related: $0
- Other: $53,868
Official website here: www.ilec.coop
Where can I find the form 990 for Iowa Lakes Electric Cooperative?
Iowa Lakes Electric Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ilec.coop
Learn more at the official website: www.ilec.coop
Mission Statement of Iowa Lakes Electric Cooperative
Iowa Lakes Electric Cooperative, a rural electric cooperative, is dedicated to delivering electric utility services to its cooperative members. The organization's primary mission revolves around providing reliable electricity to enhance the lives of those it serves.
In simple terms, Iowa Lakes Electric Cooperative works tirelessly to ensure its members have consistent access to electricity. This essential service is the backbone of modern-day living, enabling members to power their homes, businesses, and daily activities. The cooperative's commitment to its members is reflected in its unwavering focus on providing high-quality electric utility services.
Iowa Lakes Electric Cooperative's role extends beyond just sales of electricity. It is a community-focused organization, dedicated to serving the unique needs of its members. The cooperative's mission is to provide electricity that powers homes, fosters economic opportunities, and ultimately, enhances the overall quality of life for its members.
In conclusion, Iowa Lakes Electric Cooperative is more than just a utility provider. It is a beacon of community support, working in partnership with its members to ensure they have access to the essential electric services they need to thrive. By providing reliable electricity, the cooperative is empowering its members to live their lives to the fullest.
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Impact
October, 2024
Iowa Lakes Electric Cooperative plays a crucial role in delivering reliable electric utility services to its members, primarily in rural areas. Based in Estherville, Iowa, the cooperative ensures that residential and business customers have access to essential electricity required for everyday activities and economic growth.
By focusing on the unique needs of its rural community, Iowa Lakes Electric Cooperative not only provides electricity but also contributes to the overall well-being and development of the region. The cooperative's commitment to its members enhances local infrastructure and supports economic stability, making it a vital part of the area's public benefit landscape. Through its dedicated service, Iowa Lakes Electric Cooperative fosters an empowering environment that promotes sustainable energy use and community growth.
This information is meant to be a general summary of Iowa Lakes Electric Cooperative. 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: $293,557
- Program Service Revenue: $65,402,557
- Gross Receipts: $73,788,695
Assets and Liabilities:
- Total Assets: $175,789,673
- Total Liabilities: $57,022,851
- Net Assets: $118,766,822
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF POWER
Revenue
$61,259,959
SALE OF POWER - WIND GENERATION
Revenue
$4,142,598
Organization Details
Founding Year
1986
Phone
(712) 362-7870Principal Officer
Shelly Tredway
Main Address
702 SOUTH 1ST STREET, ESTHERVILLE, IA, 513342522
Website
www.ilec.coopNTEE Category
Code: W80 - Public benefit
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