Crow Wing Cooperative Power & Light Company
- Assets
- $244.2m
- Revenue
- $91.5m
- Investments
- $0.0
- Employees
- 101
- Location
- Brainerd, MN
- Founding
- 06/1939
- Data as of
- 12/2022
- EIN
- 41-0208552
Organization Overview
Crow Wing Cooperative Power & Light Company is located in Brainerd, MN. The organization was established in 1939. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Crow Wing Cooperative Power & Light Company employed 101 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crow Wing Cooperative Power & Light Company is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2022, Crow Wing Cooperative Power & Light Company generated $91.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $89.9m during the year ending 12/2022. While expenses have increased by 4.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE ELECTRICAL SERVICES TO COOPERATIVE MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ELECTRICAL SERVICES TO 40,023 COOPERATIVE MEMBERS IN THE FOUR MINNESOTA COUNTIES OF CROW WING, CASS, MORRISON AND TODD.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Mcculloch Director | Trustee | 9.5 | $12,352 |
Richard Larson Director | Trustee | 9 | $11,847 |
Doris Mezzenga Secretary (through June 2022) | Trustee | 8 | $5,052 |
Gertrude Roggenkamp Director | Trustee | 9.5 | $12,090 |
Robert Kangas President | Trustee | 10.5 | $13,301 |
Mark Ronnei Director (started June 2022) | Trustee | 10 | $7,741 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
New Age Tree Service Right Of Way Clearing | 12/30/22 | $1,082,135 |
National Information Solutions Cooperati Software Support | 12/30/22 | $560,885 |
Gulbranson Excavating Co Installation Of Underground Cable | 12/30/22 | $288,760 |
Highline Construction Storm Assistance | 12/30/22 | $251,382 |
Elite Underground Inc Line Construction | 12/30/22 | $232,729 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $85,923,100 |
| Investment income | $275,140 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $62,117 |
| Net Gain/Loss on Asset Sales | $1,384 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$18,601 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $91,498,148 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $9,003,082 |
| Compensation of current officers, directors, key employees. | $873,367 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,623,585 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,811,113 |
| Insurance | $0 |
| All other expenses | $1,379,419 |
| Total functional expenses | $89,923,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $959,731 |
| Savings and temporary cash investments | $6,826,657 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,595,110 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,794,032 |
| Prepaid expenses and deferred charges | $659,241 |
| Net Land, buildings, and equipment | $161,799,261 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $57,516,608 |
| Intangible assets | $0 |
| Other assets | $94,631 |
| Total assets | $244,245,271 |
| Accounts payable and accrued expenses | $10,494,192 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $126,921,149 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,438,379 |
| Total liabilities | $146,853,720 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $97,391,551 |
| Total liabilities and net assets/fund balances | $244,245,271 |