Mcleod Cooperative Power Association

Organization Overview

Mcleod Cooperative Power Association is located in Glencoe, MN. The organization was established in 1937. 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 12/2021, Mcleod Cooperative Power Association employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mcleod Cooperative Power Association 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 12/2021, Mcleod Cooperative Power Association generated $22.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $22.8m during the year ending 12/2021. While expenses have increased by 1.4% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ENHANCE THE QUALITY OF LIFE FOR OUR MEMBERS AND CUSTOMERS THROUGH EFFECTIVE SOLUTIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED ELECTRIC SERVICE TO AN AVERAGE OF 6,975 ACCOUNTS IN 2021. WE HAD AN INCREASE OF 7 MILES OF LINE DURING 2021. THE COOPERATIVE HAS 1,921 MILES OF DISTRIBUTION LINE AS OF DECEMBER 31, 2021.


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Board, Officers & Key Employees

Name (title)Compensation
Ronald Meier
CEO
$179,725
Daniel Schade
Operations And Engineering
$121,804
Craig Marti
Line Foreman
$109,750
Stephanie Jakel
Manager Of Finance
$109,081
Jared Klein
Line Worker
$107,200
Ryan Schuette
Line Foreman
$105,927

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Burnham Company
Tree Service
$438,852
Mp Nexlevel Llc
Line Construction
$594,666
Star Energy
Engineering Consulting
$146,174
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $524,751
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$524,751
Total Program Service Revenue$22,248,358
Investment income $74,580
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$252,247
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $22,595,442

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