Prairie Energy Cooperative

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 421506645 ✦ Clarion, IA ✦ Designated as a 501(c)(12)

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Overview

What is Prairie Energy Cooperative?

Prairie Energy Cooperative is a nonprofit organization based primarily in Wright and Hancock Counties, Iowa. Their primary mission is to provide electric power to their cooperative members residing in rural areas of these counties. The cooperative aims to enrich the quality of life in their community by offering leadership, solutions, and essential services. With a workforce of 34 employees, they serve this purpose diligently.


Official website here: www.prairieenergy.coop

Is Prairie Energy Cooperative legitimate?

Prairie Energy Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Prairie Energy 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: $373,322
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,027,709

For more financial information, click here


Official website here: www.prairieenergy.coop

What is the mission statement of Prairie Energy Cooperative?

The Prairie Energy Cooperative is dedicated to delivering electric power to its members, primarily residing in rural areas of Wright and Hancock Counties in Iowa. The cooperative's mission goes beyond just providing electricity; it aims to enrich the community's quality of life through leadership, solutions, and service. The organization aspires to make a significant impact in the community. By focusing on these core aspects, Prairie Energy Cooperative strives to create a positive and sustainable environment for its members. The cooperative's efforts contribute to improving everyday life through reliable electricity and community engagement.


Official website here: www.prairieenergy.coop

Who is the CEO of Prairie Energy Cooperative?

Tim Marienau is the President of Prairie Energy Cooperative. The CEO's salary of Prairie Energy Cooperative is $132,910 and their total compensation is $188,085.


Official website here: www.prairieenergy.coop

What is the revenue of Prairie Energy Cooperative?

Prairie Energy Cooperative's revenue in 2022 was $33,622,237.


Official website here: www.prairieenergy.coop

Who are the executives of Prairie Energy Cooperative and what are their salaries?

The average compensation at Prairie Energy Cooperative during 2022 was $41,207. There are 34 employees at Prairie Energy Cooperative.


Here are 14 key members and their salaries (Prairie Energy Cooperative's CEO's salary is $132,910 and their total compensation is $188,085):


Marion Denger (President)
  • Compensation: $9,900
  • Related: $0
  • Other: $0
Joshua Amonson (Vice President)
  • Compensation: $8,400
  • Related: $0
  • Other: $0
Donald Christopherson (Secretary/Treasurer)
  • Compensation: $11,100
  • Related: $0
  • Other: $0
Allyn Waddingham (Assistant Secretary/Treasurer)
  • Compensation: $9,600
  • Related: $0
  • Other: $0
Ryan Eekhoff (Director)
  • Compensation: $9,300
  • Related: $0
  • Other: $0
Ted Hall (Director)
  • Compensation: $7,200
  • Related: $0
  • Other: $0
Scott Hasty (Director)
  • Compensation: $10,800
  • Related: $0
  • Other: $0
Tim Marienau (Chief Executive Officer)
  • Compensation: $132,910
  • Related: $0
  • Other: $55,175
Lori Demuth (Finance Manager)
  • Compensation: $88,764
  • Related: $0
  • Other: $30,173
Ken Norem (Dir. Operations & Engineer)
  • Compensation: $125,904
  • Related: $0
  • Other: $81,637
Todd Foss (Manager Of Business & Community Development)
  • Compensation: $106,076
  • Related: $0
  • Other: $86,173
Weston Held (Lineman)
  • Compensation: $105,925
  • Related: $0
  • Other: $19,895
Timothy Slaichert (Assistant Operations Coordinator)
  • Compensation: $103,702
  • Related: $0
  • Other: $52,344
Hunter Venz (Lead Lineman)
  • Compensation: $100,439
  • Related: $0
  • Other: $19,777


Official website here: www.prairieenergy.coop

Where can I find the form 990 for Prairie Energy Cooperative?

Prairie Energy Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.prairieenergy.coop

Learn more at the official website: www.prairieenergy.coop

Mission Statement of Prairie Energy Cooperative

Prairie Energy Cooperative, a mission-driven organization, aspires to enrich the quality of life in its community by providing leadership, solutions, and service. At its core, Prairie Energy Cooperative focuses on delivering electric power to its members, predominantly residing in the rural areas of Wright and Hancock Counties in Iowa. This essential service ensures that residents in these areas have access to reliable electricity, enhancing their daily lives and enabling them to thrive. The cooperative's commitment extends beyond electricity, aiming to contribute positively to the wellbeing of its members and the community as a whole.

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Impact




October, 2024

Prairie Energy Cooperative plays a vital role in enhancing the quality of life for its members, primarily in the rural areas of Wright and Hancock counties in Iowa. By providing reliable electric power, the cooperative ensures that homes and businesses can thrive, contributing to the overall economic stability of these communities.

In addition to delivering essential energy services, Prairie Energy Cooperative emphasizes leadership and community engagement, addressing the specific needs of its members. This focus on mutual benefit fosters a sense of belonging and cooperation among residents, helping to build strong, resilient communities. Overall, the cooperative's commitment to service and solutions not only supports everyday life but also enriches the regional landscape, making it a pivotal institution in rural Iowa.




This information is meant to be a general summary of Prairie Energy 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.

Revenue
$33,622,237 (2022)
Expenses
$33,154,142 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $98,163
  • Program Service Revenue: $29,656,657
  • Gross Receipts: $33,770,673

Assets and Liabilities:

  • Total Assets: $72,702,398
  • Total Liabilities: $35,775,280
  • Net Assets: $36,927,118

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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

$29,639,824

METER TECH

Revenue

$16,833

Organization Details

Founding Year

2000

Principal Officer

Tim Marienau

Main Address

PO BOX 353, CLARION, IA, 50525

NTEE Category

Code: Y22 - Mutual benefit

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