Southern Minnesota Energy Cooperative

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

EIN: 462932804 ✦ Rushford, MN ✦ Designated as a 501(c)(12)

Overview

What is Southern Minnesota Energy Cooperative?

Southern Minnesota Energy Cooperative is a non-profit electric cooperative, headquartered in Albert Lea, MN. They serve twelve member cooperatives in southern Minnesota by providing electrical services. The organization's primary mission revolves around the sale of electricity to these cooperatives. By supplying electricity, they ensure reliable access to power for various communities in the region.


Is Southern Minnesota Energy Cooperative legitimate?

Southern Minnesota Energy Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Southern Minnesota 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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $20,738
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Southern Minnesota Energy Cooperative?
Who is the CEO of Southern Minnesota Energy Cooperative?
What is the revenue of Southern Minnesota Energy Cooperative?
Who are the executives of Southern Minnesota Energy Cooperative and what are their salaries?
Where can I find the form 990 for Southern Minnesota Energy Cooperative?

Mission Statement of Southern Minnesota Energy Cooperative

Southern Minnesota Electric Cooperative, a non-profit organization based in Minnesota, is dedicated to supplying electrical power to a dozen member cooperatives across the southern part of the state. The cooperative's mission is to distribute electricity to its members, ensuring that communities in this region have a reliable source of energy. With its headquarters situated in Albert Lea, the cooperative plays a crucial role in providing essential electrical services to these twelve cooperatives.

Impact

This information is meant to be a general summary of Southern Minnesota Energy Cooperative. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Southern Minnesota Energy Cooperative's impact is significant in providing electricity to its members in southern Minnesota. Through its operations, it ensures that households and businesses in the region have access to reliable electrical service. This in turn supports economic activities, enhances quality of life, and contributes to the overall development of the communities it serves. Its mission to provide electricity in a cooperative and mutually beneficial manner underscores its commitment to supporting its members and fostering sustainable growth in the region.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

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

  • Investment Income: $0
  • Program Service Revenue: $69,859,035
  • Gross Receipts: $70,310,993

    • Assets and Liabilities:
  • Total Assets: $10,036,606
  • Total Liabilities: $6,728,036
  • Net Assets: $3,308,570
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    SALE OF ELECTRICITY

    Revenue

    $69,859,035

    Organization Details

    Founding Year

    2013

    Principal Officer

    Jim Krueger

    Main Address

    31110 COOPERATIVE WAY, RUSHFORD, MN, 55971

    NTEE Category

    Code: W80 - Public benefit

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