Kem Electric Cooperative Inc

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

EIN: 450218423 ✦ Linton, ND ✦ Designated as a 501(c)(12)

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Overview

What is Kem Electric Cooperative Inc?

Kem Electric Cooperative Inc, located in Linton, North Dakota, is a rural electric cooperative that supplies power to members in four south central counties of the state. With a mission to make its members more productive and enhance their quality of life, Kem Electric provides safe, reliable, and quality electric service. The cooperative also offers additional benefits to its membership. Employing a team of 18 individuals, Kem Electric is dedicated to ensuring the rural communities it serves have consistent access to electricity essential for daily life and productivity.


Official website here: www.kemelectric.com

Is Kem Electric Cooperative Inc legitimate?

Kem Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Kem 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: $102,700
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.kemelectric.com

What is the mission statement of Kem Electric Cooperative Inc?

Kem Electric Cooperative Inc is dedicated to enhancing the productivity and improving the quality of life of its members. This is achieved by delivering safe, reliable, and high-quality electrical energy services. In addition, the cooperative offers other beneficial services to enrich the membership experience. The primary goal is to ensure that the members can thrive and succeed in their daily lives through the cooperative's offerings. By focusing on both the essential electrical energy needs and additional beneficial services, Kem Electric Cooperative Inc aims to create a positive impact on the lives of those it serves.


Official website here: www.kemelectric.com

Who is the CEO of Kem Electric Cooperative Inc?

Alex Craigmile is the Director of Kem Electric Cooperative Inc.


Official website here: www.kemelectric.com

What is the revenue of Kem Electric Cooperative Inc?

Kem Electric Cooperative Inc's revenue in 2022 was $12,543,881.


Official website here: www.kemelectric.com

Who are the executives of Kem Electric Cooperative Inc and what are their salaries?

The average compensation at Kem Electric Cooperative Inc during 2022 was $5,706. There are 18 employees at Kem Electric Cooperative Inc.


Here are 15 key members and their salaries:


Dean Dewald (Director)
  • Compensation: $10,900
  • Related: $0
  • Other: $0
Carmen Essig (Vice Chair)
  • Compensation: $19,900
  • Related: $0
  • Other: $0
Carter Vander Wal (Secretary/Treasurer)
  • Compensation: $12,900
  • Related: $0
  • Other: $0
Victor Wald (Chairman)
  • Compensation: $10,800
  • Related: $0
  • Other: $0
John Beck (Director)
  • Compensation: $15,300
  • Related: $0
  • Other: $0
Dean Hummel (Director)
  • Compensation: $21,200
  • Related: $0
  • Other: $0
Neil Meidinger (Director)
  • Compensation: $11,700
  • Related: $0
  • Other: $0
Don Franklund Iea (Co-Manager)
  • Compensation: $0
  • Related: $0
  • Other: $0
Travis Kupper Iea (Co-Manager)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alex Craigmile Iea (Cfo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dale Nagel (Chief Of Staff)
  • Compensation: $138,700
  • Related: $0
  • Other: $78,967
Martin Messer (Area Foreman)
  • Compensation: $130,531
  • Related: $0
  • Other: $59,205
Tyler Schummer (Journeyman Lineman)
  • Compensation: $128,231
  • Related: $0
  • Other: $31,094
Kevin Horner (Area Foreman)
  • Compensation: $130,530
  • Related: $0
  • Other: $59,471
Austin Ohlhauser (Journeyman Lineman)
  • Compensation: $117,313
  • Related: $0
  • Other: $54,758


Official website here: www.kemelectric.com

Where can I find the form 990 for Kem Electric Cooperative Inc?

Kem Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.kemelectric.com

Learn more at the official website: www.kemelectric.com

Mission Statement of Kem Electric Cooperative Inc

Kem Electric Cooperative Inc, a distribution cooperative headquartered in the heartland, is dedicated to enhancing the productivity and improving the quality of life for its members. Through the provision of safe, dependable, and top-notch electric service, Kem Electric aims to achieve this mission. Beyond electricity, the cooperative offers additional services designed to benefit its rural membership.

Established with a vision to make a difference, Kem Electric Cooperative, Inc. set out to transform the lives of its members. By prioritizing safety, reliability, and quality, the cooperative has become a trusted partner in ensuring the success of its rural community. Its commitment extends beyond the power lines, encompassing various initiatives tailored to the unique needs of its members. These efforts are geared towards empowering its members to reach their full potential and enjoy a higher standard of living.

In summary, Kem Electric Cooperative Inc is a mission-driven organization dedicated to enriching the lives of its rural members. By providing essential electric services and additional beneficial offerings, the cooperative has become an essential partner in the pursuit of a more productive and rewarding lifestyle for its members.

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Impact




October, 2024

Kem Electric Cooperative Inc plays a vital role in enhancing the quality of life for residents in the rural areas of four south-central counties in North Dakota. By supplying reliable electrical energy, the cooperative helps to make its members more productive in their daily lives and work. This support for rural communities extends beyond just electricity provision; Kem Electric also offers various additional services aimed at benefiting its members, which contributes to community development and well-being.

The cooperative focuses on providing safe, reliable, and high-quality electric service, which is essential for everyday activities and local economies. By facilitating access to energy in these rural regions, Kem Electric assists in promoting growth, supporting local businesses, and improving overall living standards. Through its mission, Kem Electric Cooperative Inc reinforces its commitment to serve the community and respond to the needs of its members, ultimately fostering a stronger, more connected rural community.




This information is meant to be a general summary of Kem 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.

Revenue
$12,543,881 (2022)
Expenses
$12,543,881 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $72,458
  • Program Service Revenue: $11,782,360
  • Gross Receipts: $12,568,177

Assets and Liabilities:

  • Total Assets: $45,256,824
  • Total Liabilities: $29,153,353
  • Net Assets: $16,103,471

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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

$11,782,360

Organization Details

Founding Year

1944

Principal Officer

Alex Craigmile

Main Address

PO BOX 790, LINTON, ND, 58552

NTEE Category

Code: W80 - Public benefit

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