Overview

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Est.

1953

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

Arrowhead Electric Cooperative Inc is a nonprofit organization dedicated to the distribution of electric energy, primarily focusing on public utilities. With an operating budget of $14.9 million and total revenue of $18 million for the filing year 2024, the cooperative plays a vital role in providing essential services to its community. The organization does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its mission. For more information, visit www.aecimn.com.

Mission Statement

ELECTRIC ENERGY DISTRIBUTION
Revenues
$18M
Expenses
$14.9M
Net Income:
+$3.1M
Assets
$50.8M
Liabilities
$26.6M
Net Assets:
+$24.2M
Operating Budget
$14.9M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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S
Sharon Hexum-Platzer
Board Member
D
Donna Lunke
Board Member
R
Roger Opp
Board Member

Frequently Asked Questions

What is ARROWHEAD ELECTRIC COOPERATIVE INC’s budget?
In 2024, ARROWHEAD ELECTRIC COOPERATIVE INC reported an annual operating budget of around $14.9 million. More detailed financial information is available to registered users.
What causes does ARROWHEAD ELECTRIC COOPERATIVE INC support?
ARROWHEAD ELECTRIC COOPERATIVE INC supports work in Public utilities.
Where does ARROWHEAD ELECTRIC COOPERATIVE INC operate?
ARROWHEAD ELECTRIC COOPERATIVE INC is headquartered in Lutsen, MN.
What is ARROWHEAD ELECTRIC COOPERATIVE INC’s reliance on government grants?
ARROWHEAD ELECTRIC COOPERATIVE INC relied on government grants for more than 10% of their total revenue in 2024.