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← FREEBORN-MOWER COOPERATIVE SERVICES

Form 990 for tax year 2024

Filed by FREEBORN-MOWER COOPERATIVE SERVICES.

Totals

Total revenue
$60,266,711
Total expenses
$60,093,840
Contributions and grants received
$0
Grants paid
$37,550
Program service revenue
$58,546,080
Investment income
$114,118
Other revenue
$1,606,513
Total assets, end of year
$159,183,214
Total liabilities, end of year
$110,235,417
Net assets or fund balances, end of year
$48,947,797
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Listed in Part VII

  • JOHN JACK KORMAN

    BOARD CHAIR

    Total calculated
    $23,760
    From this org
    $23,760
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • STEVE GARBISCH

    TREASURER

    Total calculated
    $20,897
    From this org
    $20,897
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • MATT MARAS

    DIRECTOR

    Total calculated
    $20,067
    From this org
    $20,067
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • DENNIS ANDERSON

    VICE CHAIRMAN

    Total calculated
    $19,860
    From this org
    $19,860
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • FRANK FRYER

    SECRETARY

    Total calculated
    $20,879
    From this org
    $20,879
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • LARRY IRVINE

    DIRECTOR

    Total calculated
    $19,515
    From this org
    $19,515
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • WILLIAM TRYGSTAD

    DIRECTOR

    Total calculated
    $18,276
    From this org
    $18,276
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • RICHARD SCHAUFLER

    DIRECTOR

    Total calculated
    $25,523
    From this org
    $25,523
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • JAY NEITZELL

    DIRECTOR

    Total calculated
    $16,882
    From this org
    $16,882
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • JAMES KRUEGER

    PRESIDENT/CEO

    Total calculated
    $334,509
    From this org
    $244,078
    From related orgs
    $0
    Other
    $90,431
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $234,978
    Bonus
    $200
    Other
    $8,900
    Deferred
    $65,573
    Nontaxable benefits
    $26,872
    Filer's total
    $336,523

  • NICHOLAS ROLFING

    SERVICE REPRESENTATIVE

    Total calculated
    $161,486
    From this org
    $146,369
    From related orgs
    $0
    Other
    $15,117
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $145,505
    Bonus
    $200
    Other
    $664
    Deferred
    $15,117
    Nontaxable benefits
    $902
    Filer's total
    $162,388

  • JACK KORTAN

    MANAGER OF OPERATIONS

    Total calculated
    $223,786
    From this org
    $141,353
    From related orgs
    $0
    Other
    $82,433
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,913
    Bonus
    $200
    Other
    $3,240
    Deferred
    $57,575
    Nontaxable benefits
    $26,107
    Filer's total
    $225,035

  • BRAD DEVRIES

    WORKING FOREMAN

    Total calculated
    $192,655
    From this org
    $152,113
    From related orgs
    $0
    Other
    $40,542
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $151,377
    Bonus
    $200
    Other
    $536
    Deferred
    $15,684
    Nontaxable benefits
    $25,803
    Filer's total
    $193,600

  • AL STADHEIM

    DIRECTOR OF ENGIN & OPERATIONS

    Total calculated
    $233,370
    From this org
    $170,297
    From related orgs
    $0
    Other
    $63,073
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,584
    Bonus
    $200
    Other
    $1,513
    Deferred
    $38,214
    Nontaxable benefits
    $25,673
    Filer's total
    $234,184

  • AL CASTERTON

    WORKING FOREMAN

    Total calculated
    $199,209
    From this org
    $135,715
    From related orgs
    $0
    Other
    $63,494
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $134,373
    Bonus
    $200
    Other
    $1,142
    Deferred
    $38,636
    Nontaxable benefits
    $25,803
    Filer's total
    $200,154

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 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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

The filer's explanations (Part III)

SCHEDULE J, PART II, COLUMN C
INCLUDED IN COLUMN "C", DEFERRED COMPENSATION, IS THE ESTIMATED ANNUAL INCREASE (DECREASE) IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN. FOR THE FOLLOWING INDIVIDUALS, THE ESTIMATED INCREASE (DECREASE) IS: JAMES KRUEGER: $41,943 AL CASTERTON: $27,366 JACK KORTAN: $43,361 BRAD DEVRIES: $5,004 AL STADHEIM: $21,010 NICHOLAS ROLFING: $4,950 THESE AMOUNTS ARE ESTIMATES IN THE INCREASE (DECREASE) OF THE VALUE OF THE PLAN AND ARE NOT CURRENT YEAR EXPENSES OF THE COOPERATIVE.

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • MINNESOTA THREE LLC

    UNRELATED · SOLAR GENERATION PLANT · MN · 33.33% owned · share of income $4,766 · share of assets $353,448 · general or managing partner

    Directly controlled by FREEBORN MOWER ELECTRIC COOPERATIVE

Provenance

Return type
form_990
Tax year
2024
Filed
6 November 2025
IRS schema version
2024v5.2
Source object
202523149349302657

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