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.
What are the reviews and ratings of this charity?
The Southern Minnesota Energy Cooperative is not currently rated on Charity Navigator due to a lack of specific evaluation criteria applicable to their operational category. The absence of a rating should not be taken as an inherently positive or negative reflection of the organization's performance. Charity Navigator ratings often rely on key beacons such as Accountability & Finance and Impact & Measurement, which are not available for this organization because it is not a 501(c)(3) IRS registered nonprofit.
As an independent entity, Southern Minnesota Energy Cooperative's details on revenue, expenses, and salary of key persons are not publicly disclosed. This limits the ability to assess its financial standing and accountability transparently. However, its classification as not affiliated with any national or regional groups indicates it functions autonomously in its operations.
The cooperative's inability to be evaluated on governance, adaptability, community impact, and leadership relates to its classification rather than its operational quality. This presents a limitation in forming a comprehensive evaluation, as deeper qualitative insights into its workings, efficiency, and impact are not readily available through public data sources.
User reviews on GreatNonprofits were not found, so there is no additional community feedback available to offer further insights into Southern Minnesota Energy Cooperative's operations or impact.
This AI summary has been generated from information found on Charity Navigator.
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 tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $20,738
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Southern Minnesota Energy Cooperative?
Southern Minnesota Energy Cooperative is a non-profit organization dedicated to delivering electrical services to a dozen cooperatives located in the southern part of Minnesota. Based in Albert Lea, the cooperative focuses on powering communities in the region. Its mission revolves around providing essential electricity to its member cooperatives, ensuring the availability of a reliable energy source for their members. The cooperative operates as a unified network, pooling resources and expertise to efficiently manage and distribute electricity. By serving as a trusted energy provider, Southern Minnesota Electric Cooperative contributes to the economic and social well-being of its member cooperatives and the communities they serve.
Who is the CEO of Southern Minnesota Energy Cooperative?
Jim Krueger is the President of Southern Minnesota Energy Cooperative. The CEO's salary of Southern Minnesota Energy Cooperative is $20,738 and their total compensation is $20,738.
What is the revenue of Southern Minnesota Energy Cooperative?
Southern Minnesota Energy Cooperative's revenue in 2022 was $70,310,993.
Who are the executives of Southern Minnesota Energy Cooperative and what are their salaries?
Here are 12 key members and their salaries (Southern Minnesota Energy Cooperative's CEO's salary is $20,738 and their total compensation is $20,738):
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- Compensation: $20,738
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Where can I find the form 990 for Southern Minnesota Energy Cooperative?
Southern Minnesota Energy Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.
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.
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Impact
October, 2024
Southern Minnesota Energy Cooperative plays a vital role in delivering reliable electricity to its member cooperatives across southern Minnesota. Based in Albert Lea, MN, the cooperative serves twelve member organizations, ensuring that communities have access to essential electrical services. Through its operations, Southern Minnesota Energy Cooperative fosters mutual benefit among its members, promoting energy efficiency and sustainability within the region. The cooperative’s mission emphasizes collaboration and support, ultimately enhancing the quality of life for the communities it serves. Its impact extends beyond mere electricity provision, as it helps drive local economies and supports initiatives aimed at improving energy resources and infrastructure.
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.
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.
- 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
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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
Phone
(507) 373-6421Principal Officer
Jim Krueger
Main Address
31110 COOPERATIVE WAY, RUSHFORD, MN, 55971
NTEE Category
Code: Y22 - Mutual benefit
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