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Nonprofiteer
← SOUTHERN MINNESOTA ENERGY COOPERATIVE

Form 990 for tax year 2022

Filed by SOUTHERN MINNESOTA ENERGY COOPERATIVE.

Totals

Total revenue
$70,310,993
Total expenses
$70,310,993
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$69,859,035
Investment income
$0
Other revenue
$451,958
Total assets, end of year
$10,036,606
Total liabilities, end of year
$6,728,036
Net assets or fund balances, end of year
$3,308,570
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 ELECTRICITY

    total $69,859,035 · related or exempt $69,859,035

  • 11a · Other revenue: SALE OF REC CREDITS

    total $374,434 · related or exempt $374,434

  • 11b · Other revenue: DISCOUNT ON POWER BILL

    total $76,350 · related or exempt $76,350

  • 11c · Other revenue: CAPITAL CREDITS

    total $1,174 · related or exempt $1,174

  • 11e · Other revenue, total

    $451,958

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $908,930

  • 5 · Compensation of officers, directors and key employees

    total $20,738

  • 24a · Other expenses: COST OF POWER PURCHASED

    total $69,321,008

  • 24b · Other expenses: ADMINISTRATIVE & GENERA

    total $60,317

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,393,711 · end of year $4,566,624

  • 4 · Accounts receivable

    beginning of year $5,308,210 · end of year $5,423,536

  • 13 · Investments: program-related

    beginning of year $45,272 · end of year $46,446

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,402,413 · end of year $6,728,036

  • 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 $240,000 · end of year $240,000

  • 31 · Retained earnings, endowment or other funds

    beginning of year $4,104,780 · end of year $3,068,570

Mission and programs · 2022

Mission

TO PROVIDE ELECTRIC SERVICE TO MEMBERS.

Activities or mission (Part I)

SALE OF ELECTRICITY TO MEMBERS

  • PROVIDE ELECTRIC SERVICE TO TWELVE MEMBER COOPERATIVES.

As filed on the 2022 return.

Listed in Part VII

  • Brian Krambeer

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1.5

  • Adam Tromblay

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1.5

  • Jim Krueger

    TREASURER

    Total calculated
    $0
    Hours/week
    1.5

  • Syd Briggs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Ryan Hentges

    SECRETARY

    Total calculated
    $0
    Hours/week
    1.5

  • Ron Horman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Tim McCarthy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Scott Reimer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Dave Sunderman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Mike Heidemann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Mike Henke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Richard Burud

    CEO

    Total calculated
    $20,738
    From this org
    $20,738
    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
11 September 2023
IRS schema version
2022v5.0
Source object
202312639349301421

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