Overview
What is Midland Power Cooperative?
Midland Power Cooperative is a rural electric cooperative based in Boone, Iowa. With a workforce of 56 employees, they are dedicated to providing electricity to their members in Central Iowa. Their core mission is to ensure the safe and reliable delivery of affordable electric service to enhance the communities they serve.
Official website here: www.midlandpower.coop
Is Midland Power Cooperative legitimate?
Midland Power Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Midland Power 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: $729,021
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,871,190
For more financial information, click here
Official website here: www.midlandpower.coop
What is the mission statement of Midland Power Cooperative?
Midland Power Cooperative is dedicated to delivering safe, reliable, and affordable electric service to its members in central Iowa. Their mission goes beyond just providing electricity; they aim to enhance the communities they serve. Midland Power prioritizes responsible business practices, ensuring a dependable energy source for its customers. The cooperative places a strong emphasis on ensuring the well-being of the communities it serves, making it an essential part of the local infrastructure. Through its operations, Midland Power strives to build lasting relationships with its members and contribute to the overall growth and development of the communities it serves.
Official website here: www.midlandpower.coop
Who is the CEO of Midland Power Cooperative?
William Mckim is the Director Until 06/2022 of Midland Power Cooperative. The CEO's salary of Midland Power Cooperative is $288,101 and their total compensation is $446,122.
Official website here: www.midlandpower.coop
What is the revenue of Midland Power Cooperative?
Midland Power Cooperative's revenue in 2022 was $57,765,405.
Official website here: www.midlandpower.coop
Who are the executives of Midland Power Cooperative and what are their salaries?
The average compensation at Midland Power Cooperative during 2022 was $46,432. There are 56 employees at Midland Power Cooperative.
Here are 22 key members and their salaries (Midland Power Cooperative's CEO's salary is $288,101 and their total compensation is $446,122):
- Compensation: $2,733
- Related: $0
- Other: $0
- Compensation: $3,352
- Related: $0
- Other: $0
- Compensation: $7,314
- Related: $0
- Other: $0
- Compensation: $7,403
- Related: $0
- Other: $0
- Compensation: $2,793
- Related: $0
- Other: $0
- Compensation: $8,577
- Related: $0
- Other: $0
- Compensation: $8,849
- Related: $0
- Other: $0
- Compensation: $12,383
- Related: $0
- Other: $0
- Compensation: $3,124
- Related: $0
- Other: $0
- Compensation: $5,475
- Related: $0
- Other: $0
- Compensation: $7,459
- Related: $0
- Other: $0
- Compensation: $8,686
- Related: $0
- Other: $0
- Compensation: $4,241
- Related: $0
- Other: $0
- Compensation: $125,496
- Related: $0
- Other: $84,916
- Compensation: $112,701
- Related: $0
- Other: $45,002
- Compensation: $56,611
- Related: $0
- Other: $8,909
- Compensation: $288,101
- Related: $0
- Other: $158,021
- Compensation: $114,052
- Related: $0
- Other: $24,732
- Compensation: $114,464
- Related: $0
- Other: $58,583
- Compensation: $123,647
- Related: $0
- Other: $40,516
- Compensation: $130,872
- Related: $0
- Other: $45,703
- Compensation: $117,130
- Related: $0
- Other: $17,332
Official website here: www.midlandpower.coop
Where can I find the form 990 for Midland Power Cooperative?
Midland Power Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.midlandpower.coop
Learn more at the official website: www.midlandpower.coop
Mission Statement of Midland Power Cooperative
Midland Power Cooperative, a rural electric cooperative, is committed to delivering safe, reliable, affordable, and responsible electric service to its members in central Iowa. The cooperative's mission goes beyond just providing electricity; it strives to enhance the communities it serves.
In its pursuit of this goal, Midland Power Cooperative prioritizes safety, ensuring that all electrical operations are carried out with the utmost care and precision. The cooperative's team of dedicated professionals works tirelessly to maintain a robust and dependable electrical infrastructure, ensuring that power outages are minimized and resolved promptly when they do occur.
Moreover, Midland Power Cooperative is deeply invested in the well-being of its members and the communities it serves. By offering affordable electric service, the cooperative helps families and businesses manage their energy costs, enabling them to focus on other important aspects of their lives. In addition, the cooperative takes a responsible approach to its operations, striving to minimize its environmental impact and contribute positively to the communities it serves.
In short, Midland Power Cooperative is more than just an electric utility. It is a trusted partner that is committed to delivering the essential service of electricity in a safe, reliable, affordable, and responsible manner while enhancing the communities it serves.
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Impact
October, 2024
Midland Power Cooperative plays a crucial role in providing reliable and affordable electricity to its members in central Iowa. Based in Boone, IA, the cooperative focuses on safely delivering electric service while enhancing the communities it serves. Its commitment to responsible energy service not only meets the needs of its members but also contributes to the overall well-being of the local areas, promoting sustainable practices and community development. Through its operations, Midland Power fosters a sense of community and provides essential support for various local initiatives, ensuring that residents have access to necessary resources for their daily lives.
This information is meant to be a general summary of Midland Power 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: $167,467
- Program Service Revenue: $57,570,780
- Gross Receipts: $58,346,294
Assets and Liabilities:
- Total Assets: $157,689,289
- Total Liabilities: $80,968,907
- Net Assets: $76,720,382
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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
$52,151,092
CAPITAL CREDITS
Revenue
$4,426,554
MANAGEMENT FEE INCOME
Revenue
$993,134
Organization Details
Founding Year
1991
Phone
(515) 386-4111Principal Officer
William Mckim
Main Address
2005 S STORY STREET PO BOX 368, BOONE, IA, 50036
Website
www.midlandpower.coopNTEE Category
Code: W80 - Public benefit
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