Prairie Energy Cooperative

Organization Overview

Prairie Energy Cooperative is located in Clarion, IA. The organization was established in 2001. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, Prairie Energy Cooperative employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prairie 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, Prairie Energy Cooperative generated $34.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $33.3m during the year ending 12/2021. While expenses have increased by 5.2% 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 PROVIDE ELECTRIC POWER TO THE COOPERATIVE'S MEMBERS LOCATED PRIMARILY IN THE RURAL AREAS OF WRIGHT AND HANCOCK COUNTIES OF THE STATE OF IOWA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVISION OF ELECTRIC POWER TO MEMBERS LOCATED PRIMARILY IN THE RURAL AREAS OF WRIGHT AND HANCOCK COUNTIES OF THE STATE OF IOWA.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Highline Construction Inc
Storm Restoration
$143,043
Legacy Power Line Inc
Line Construction & Storm Restoration
$809,066
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$31,914,061
Investment income $90,939
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $1,000
Net Gain/Loss on Asset Sales $10,052
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $8,804
Miscellaneous Revenue$0
Total Revenue $34,027,726

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