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Nonprofiteer
← MINNESOTA RURAL ELECTRIC ASSOCIATIO N

Form 990 for tax year 2024

Filed by MINNESOTA RURAL ELECTRIC ASSOCIATIO N.

Totals

Total revenue
$5,483,823
Total expenses
$5,015,041
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$5,307,470
Investment income
$176,353
Other revenue
$0
Total assets, end of year
$3,928,922
Total liabilities, end of year
$608,099
Net assets or fund balances, end of year
$3,320,823
Program services expenses (Part IX)
$3,491,702
Management and general expenses
$1,523,339
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 69.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DARRICK MOE

    PRESIDENT &

    Total calculated
    $395,055
    From this org
    $305,291
    From related orgs
    $0
    Other
    $89,764
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $305,291
    Bonus
    not reported
    Other
    not reported
    Deferred
    $58,558
    Nontaxable benefits
    $31,206
    Filer's total
    $395,055

  • JOE MILLER

    DIRECTOR OF

    Total calculated
    $264,139
    From this org
    $142,578
    From related orgs
    $0
    Other
    $121,561
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,578
    Bonus
    not reported
    Other
    not reported
    Deferred
    $89,845
    Nontaxable benefits
    $31,716
    Filer's total
    $264,139

  • MELISSA STACHOVICH

    DIRECTOR-FIN

    Total calculated
    $223,888
    From this org
    $179,317
    From related orgs
    $0
    Other
    $44,571
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,317
    Bonus
    not reported
    Other
    not reported
    Deferred
    $22,379
    Nontaxable benefits
    $22,192
    Filer's total
    $223,888

  • JENNY GLUMACK

    DIRECTOR GOV

    Total calculated
    $217,781
    From this org
    $178,910
    From related orgs
    $0
    Other
    $38,871
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,910
    Bonus
    not reported
    Other
    not reported
    Deferred
    $24,152
    Nontaxable benefits
    $14,719
    Filer's total
    $217,781

  • ANTHONY LENZ

    DIRECTOR-SAF

    Total calculated
    $179,747
    From this org
    $151,130
    From related orgs
    $0
    Other
    $28,617
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,130
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,920
    Nontaxable benefits
    $20,697
    Filer's total
    $179,747

  • WES WALLER

    CHAIR

    Total calculated
    $13,294
    From this org
    $13,294
    From related orgs
    $0
    Other
    $0
    Hours/week
    11

  • RICHARD COE

    FIRST VICE C

    Total calculated
    $8,750
    From this org
    $8,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • WARREN RAU

    TREASURER

    Total calculated
    $8,562
    From this org
    $8,562
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • JEFF NORNES

    SECOND VICE

    Total calculated
    $7,945
    From this org
    $7,945
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • JOHN REYNOLDS

    DIRECTOR

    Total calculated
    $7,840
    From this org
    $7,840
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • SCOTT THIESSE

    DIRECTOR

    Total calculated
    $6,886
    From this org
    $6,886
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • TRACY LAURITZEN

    DIRECTOR

    Total calculated
    $6,708
    From this org
    $6,708
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • RON STEVENS

    SECRETARY

    Total calculated
    $6,696
    From this org
    $6,696
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • TIM VELDE

    DIRECTOR

    Total calculated
    $6,562
    From this org
    $6,562
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • JERRY TVEDT

    DIRECTOR

    Total calculated
    $6,450
    From this org
    $6,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • RONALD SCHWARTAU

    DIRECTOR

    Total calculated
    $6,226
    From this org
    $6,226
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • AILEEN DEMENGE

    DIRECTOR

    Total calculated
    $6,123
    From this org
    $6,123
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • JOHN DEYOE

    DIRECTOR

    Total calculated
    $5,938
    From this org
    $5,938
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • SHELLY PETERSON

    DIRECTOR

    Total calculated
    $4,789
    From this org
    $4,789
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

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 · Compensation committee
  • 3 · Independent compensation consultant
  • 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
19 June 2025
IRS schema version
2024v5.0
Source object
202501759349300540

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