Overview
What is Verendrye Electric Cooperative Inc?
Verendrye Electric Cooperative Inc is a North Dakota-based nonprofit organization with a mission to deliver quality electric service to 12,694 members spread across 16,631 metering points. They have an extensive network of energized lines, consisting of 2,370 miles of overhead and 2,261 miles of underground distribution lines, totaling 4,631 miles. The cooperative's operations prioritize strengthening the local economy and enhancing the region's quality of life through innovation, all while adhering to cooperative principles. With a workforce of 70 employees, Verendrye Electric Cooperative Inc is committed to providing electric services at a competitive cost and making significant contributions to their community.
Official website here: www.verendrye.com
What are the reviews and ratings of this charity?
Verendrye Electric Cooperative Inc is not currently rated by Charity Navigator. This absence of a rating is due to the organization's classification, as only 501(c)(3) nonprofits are evaluated by Charity Navigator. Being an independent organization with different foundation status, it does not fit within the frameworks typically assessed by this rating service.
Charity Navigator’s rating mechanics rely heavily on Accountability & Finance or Impact & Measurement beacons, which require the organization to be a 501(c)(3). Verendrye Electric Cooperative does not fall into this category, thus it is not evaluated through these methodologies. This does not imply any judgment on its effectiveness or transparency, merely its ineligibility under Charity Navigator's criteria.
The organization also lacks finance-related data such as revenue, expenses, and salaries of key personnel, limiting insight into its operations via this platform. Additionally, no user reviews are available from GreatNonprofits, so public perception and personal experiences with the nonprofit are not documented through this channel.
This AI summary has been generated from information found on Charity Navigator.
Is Verendrye Electric Cooperative Inc legitimate?
Verendrye Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Verendrye 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: $1,231,071
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,310,055
For more financial information, click here
Official website here: www.verendrye.com
What is the mission statement of Verendrye Electric Cooperative Inc?
Verendrye Electric Cooperative Inc is dedicated to delivering quality electric service to its members at competitive prices. Beyond providing electricity, the cooperative aims to contribute to the local economy and enhance the community's quality of life. Embracing innovation as a key strategy, Verendrye Electric Cooperative Inc strives to lead improvements in the region while adhering to cooperative principles. The cooperative serves over 12,000 members across thousands of metering points and maintains an extensive network of energized lines, consisting of both overhead and underground distributions, totaling over 4,600 miles.
Official website here: www.verendrye.com
Who is the CEO of Verendrye Electric Cooperative Inc?
Randy Hauck is the General Manager of Verendrye Electric Cooperative Inc.
Official website here: www.verendrye.com
What is the revenue of Verendrye Electric Cooperative Inc?
Verendrye Electric Cooperative Inc's revenue in 2022 was $58,253,353.
Official website here: www.verendrye.com
Who are the executives of Verendrye Electric Cooperative Inc and what are their salaries?
The average compensation at Verendrye Electric Cooperative Inc during 2022 was $107,730. There are 70 employees at Verendrye Electric Cooperative Inc.
Here are 17 key members and their salaries:
- Compensation: $255,554
- Related: $0
- Other: $124,163
- Compensation: $168,236
- Related: $0
- Other: $77,342
- Compensation: $161,650
- Related: $0
- Other: $75,623
- Compensation: $162,905
- Related: $0
- Other: $75,740
- Compensation: $132,786
- Related: $0
- Other: $65,531
- Compensation: $126,973
- Related: $0
- Other: $62,789
- Compensation: $124,021
- Related: $0
- Other: $62,306
- Compensation: $134,904
- Related: $0
- Other: $54,927
- Compensation: $133,563
- Related: $0
- Other: $60,928
- Compensation: $5,713
- Related: $0
- Other: $0
- Compensation: $16,313
- Related: $0
- Other: $0
- Compensation: $9,563
- Related: $0
- Other: $0
- Compensation: $14,613
- Related: $0
- Other: $0
- Compensation: $9,713
- Related: $0
- Other: $0
- Compensation: $7,713
- Related: $0
- Other: $0
- Compensation: $6,013
- Related: $0
- Other: $0
- Compensation: $5,413
- Related: $0
- Other: $0
Official website here: www.verendrye.com
Where can I find the form 990 for Verendrye Electric Cooperative Inc?
Verendrye Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.verendrye.com
Learn more at the official website: www.verendrye.com
Mission Statement of Verendrye Electric Cooperative Inc
Verendrye Electric Cooperative Inc, a leading electric service provider, is dedicated to delivering quality electricity at competitive prices while strengthening the local economy and enhancing the region's quality of life through innovation. The cooperative's mission is multifaceted, focusing on providing top-notch electric services to its 12,694 members spread across 16,631 metering points. Verendrye's extensive network covers 2,370 miles of overhead lines and 2,261 miles of underground lines, totaling 4,631 miles of energized lines.
Embracing the cooperative principles, Verendrye Electric Cooperative Inc goes beyond just supplying electricity. It strives to improve the community's economic condition and overall quality of life by leading in innovative electric solutions. By providing reliable electric service, the cooperative plays a pivotal role in facilitating economic growth and development. It is an essential partner in various regional projects, ensuring that the community thrives in the ever-evolving technological landscape.
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Impact
October, 2024
Verendrye Electric Cooperative Inc significantly impacts its community by providing reliable and affordable electric service to 12,694 members through a comprehensive network of 4,631 miles of energized distribution lines. By ensuring a stable power supply, the cooperative strengthens the local economy and enhances the quality of life for residents in the region. Its commitment to innovation fosters economic development and supports the livelihoods of its members. The cooperative's operations are rooted in cooperative principles, emphasizing collaboration and community engagement, which further amplifies its positive influence in the area.
This information is meant to be a general summary of Verendrye 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: $321,393
- Program Service Revenue: $57,886,094
- Gross Receipts: $58,371,531
Assets and Liabilities:
- Total Assets: $170,733,986
- Total Liabilities: $107,182,473
- Net Assets: $63,551,513
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Electric Power Distribution
Revenue
$53,797,971
Electric Power Distribution
Revenue
$4,088,123
Organization Details
Founding Year
1939
Phone
(701) 338-2855Principal Officer
Randy Hauck
Main Address
615 HWY 52 W, VELVA, ND, 587907417
Website
www.verendrye.comNTEE Category
Code: W80 - Public benefit
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