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Nonprofiteer
← RENVILLE-SIBLEY COOPERATIVE POWER ASSOCIATION

Form 990 for tax year 2024

Filed by RENVILLE-SIBLEY COOPERATIVE POWER ASSOCIATION.

Totals

Total revenue
$17,885,997
Total expenses
$17,885,997
Contributions and grants received
$0
Grants paid
$8,141
Program service revenue
$16,477,595
Investment income
$364,582
Other revenue
$1,043,820
Total assets, end of year
$54,351,802
Total liabilities, end of year
$30,392,014
Net assets or fund balances, end of year
$23,959,788
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: SALE OF POWER

    total $16,477,595 · related or exempt $16,477,595

  • 3 · Investment income

    total $111,624 · excluded $111,624

  • 7a · Gross sales of assets other than inventory

    other assets $282,873

  • 7b · Less cost or other basis and sales expenses

    other assets $29,915

  • 7c · Gain or loss

    other assets $252,958

  • 7d · Net gain or loss

    total $252,958 · related or exempt $252,958

  • 11a · Other revenue: CAPITAL CREDITS

    total $1,040,434 · related or exempt $1,040,434

  • 11b · Other revenue: MESSENGER SECURITY

    total $3,386 · unrelated business $3,386

  • 11e · Other revenue, total

    $1,043,820

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,756

  • 2 · Grants to domestic individuals

    total $6,385

  • 4 · Benefits paid to or for members

    total $1,462,152

  • 5 · Compensation of officers, directors and key employees

    total $734,368

  • 20 · Interest

    total $749,121

  • 22 · Depreciation, depletion and amortization

    total $1,022,930

  • 24a · Other expenses: COST OF POWER

    total $12,008,485

  • 24b · Other expenses: ADMIN & GENERAL EXPENSE

    total $682,525

  • 24c · Other expenses: DIST EXP - OPERATIONS

    total $529,974

  • 24d · Other expenses: DIST EXP - MAINTENANCE

    total $344,554

  • 24e · All other expenses

    total $343,747

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,011,755 · end of year $2,365,354

  • 4 · Accounts receivable

    beginning of year $1,958,348 · end of year $1,945,115

  • 8 · Inventories for sale or use

    beginning of year $1,290,332 · end of year $1,176,324

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,480 · end of year $2,854

  • 10a · Land, buildings and equipment: cost or other basis

    $41,995,402

  • 10b · Land, buildings and equipment: accumulated depreciation

    $7,751,540

  • 10c · Land, buildings and equipment, net

    beginning of year $33,447,909 · end of year $34,243,862

  • 13 · Investments: program-related

    beginning of year $14,167,980 · end of year $14,618,293

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,748,422 · end of year $1,689,861

  • 19 · Deferred revenue

    beginning of year $2,592,932 · end of year $2,485,058

  • 23 · Secured mortgages and notes payable

    beginning of year $26,660,355 · end of year $26,013,116

  • 25 · Other liabilities

    beginning of year $140,377 · end of year $203,979

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $22,739,718 · end of year $23,959,788

Mission and programs · 2024

Mission

TO PROVIDE ELECTRIC SERVICE TO MEMBERS.

  • THE COOPERATIVE ENGAGES IN THE DISTRIBUTION AND SALE OF ELECTRICAL POWER TO ITS MEMBERS IN WESTERN MINNESOTA.

As filed on the 2024 return.

Listed in Part VII

  • Roger Manthei

    CHAIRMAN

    Total calculated
    $7,175
    From this org
    $7,175
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.7

  • Wayland Zaske

    SEC./TREASURER

    Total calculated
    $4,325
    From this org
    $4,325
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Alan Neyers

    DIRECTOR

    Total calculated
    $4,175
    From this org
    $4,175
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Alan Hinderman

    VICE CHAIR

    Total calculated
    $4,850
    From this org
    $4,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.8

  • Gary Eekhoff

    DIRECTOR

    Total calculated
    $9,800
    From this org
    $9,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.8

  • Gary Peterson

    DIRECTOR

    Total calculated
    $5,675
    From this org
    $5,675
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Helen Ruebel

    DIRECTOR

    Total calculated
    $7,050
    From this org
    $7,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.4

  • Jeff Boersma

    DIRECTOR

    Total calculated
    $2,800
    From this org
    $2,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.4

  • Vicky Firle

    DIRECTOR

    Total calculated
    $12,200
    From this org
    $12,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.4

  • Deeanne Norris

    CEO

    Total calculated
    $370,199
    From this org
    $251,701
    From related orgs
    $0
    Other
    $118,498
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $251,701
    Bonus
    $0
    Other
    $0
    Deferred
    $95,615
    Nontaxable benefits
    $22,883
    Filer's total
    $370,199

  • Gene Allex

    LINE SUPERINTENDENT

    Total calculated
    $176,411
    From this org
    $110,987
    From related orgs
    $0
    Other
    $65,424
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $110,987
    Bonus
    $0
    Other
    $0
    Deferred
    $42,541
    Nontaxable benefits
    $22,883
    Filer's total
    $176,411

  • Nick Bruns

    TECHNOLOGY MANAGER

    Total calculated
    $125,974
    From this org
    $87,413
    From related orgs
    $0
    Other
    $38,561
    Hours/week
    42

  • Shawn Beckler

    CREW CHIEF

    Total calculated
    $159,953
    From this org
    $112,247
    From related orgs
    $0
    Other
    $47,706
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $112,247
    Bonus
    $0
    Other
    $0
    Deferred
    $25,131
    Nontaxable benefits
    $22,575
    Filer's total
    $159,953

  • Clint Olson

    JOURNEYMAN LINEMAN

    Total calculated
    $132,176
    From this org
    $111,516
    From related orgs
    $0
    Other
    $20,660
    Hours/week
    38

  • Bradley Braulick

    CREW CHIEF

    Total calculated
    $148,776
    From this org
    $106,329
    From related orgs
    $0
    Other
    $42,447
    Hours/week
    37

  • Mike Benson

    JOURNEYMAN LINEMAN

    Total calculated
    $143,318
    From this org
    $103,284
    From related orgs
    $0
    Other
    $40,034
    Hours/week
    38

  • Brayden Fischer

    JOURNEYMAN LINEMAN

    Total calculated
    $140,231
    From this org
    $102,235
    From related orgs
    $0
    Other
    $37,996
    Hours/week
    37

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
6 November 2025
IRS schema version
2024v5.2
Source object
202523179349305992

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