Minnesota Valley Cooperative Light And Power Association

Organization Overview

Minnesota Valley Cooperative Light And Power Association is located in Montevideo, MN. The organization was established in 1943. 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, Minnesota Valley Cooperative Light And Power Association employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Valley Cooperative Light And 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, Minnesota Valley Cooperative Light And 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 2.0% each year. All expenses for the organization totaled $23.1m during the year ending 12/2021. While expenses have increased by 2.8% 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 ELECTRICAL ENERGY SERVICES TO RURAL CUSTOMERS

Describe the Organization's Program Activity:

Part 3 - Line 4a

PURCHASE AND DISTRIBUTION OF ELECTRICAL POWER TO APPROXIMATELY 5,336 RURAL CUSTOMERS


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Karian Peterson Powerline
Powerline Contracting
$1,701,331
Power Systems Engineering Inc
Engineering Consulting
$262,675
Minnesota Valley Tree Service
Right Of Way Tree Cleaning
$1,047,698
Nisc
Computer Software And Services
$111,139
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $815,245
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$815,245
Total Program Service Revenue$20,711,284
Investment income $318,751
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $66,162
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $68,563
Miscellaneous Revenue$0
Total Revenue $22,632,419

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