Peoples Cooperative Services

Organization Overview

Peoples Cooperative Services, operating under the name People's Energy Cooperative, is located in Oronoco, MN. The organization was established in 1939. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, People's Energy Cooperative employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. People's Energy Cooperative 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, People's Energy Cooperative generated $51.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $51.6m during the year ending 12/2021. While expenses have increased by 4.3% 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 DISTRIBUTE ELECTRICITY TO THE MEMBERS OF THE ELECTRIC COOPERATIVE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PRIMARY PURPOSE OF THE COOPERATIVE IS TO BUY ELECTRIC ENERGY AND SELL ELECTRIC ENERGY TO ITS MEMBERS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Quanta Electric Power Services Llc
Line Construction
$1,775,148
Mastec North America
Line Construction
$1,624,782
New Age Tree Service
Tree Clearing
$1,355,231
Carr's Tree Service
Tree Clearing
$1,235,677
Highline Construction
Line Construction
$1,182,198
View All Vendors

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$50,506,832
Investment income $116,979
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $150
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $13,699
Miscellaneous Revenue$0
Total Revenue $51,884,380

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