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Nonprofiteer
← MINNESOTA RURAL ELECTRIC ASSOCIATIO N

Form 990 for tax year 2023

Filed by MINNESOTA RURAL ELECTRIC ASSOCIATIO N.

Totals

Total revenue
$4,963,044
Total expenses
$4,614,349
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,845,056
Investment income
$117,988
Other revenue
$0
Total assets, end of year
$3,418,406
Total liabilities, end of year
$570,212
Net assets or fund balances, end of year
$2,848,194
Program services expenses (Part IX)
$3,175,192
Management and general expenses
$1,439,157
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 68.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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: MEMBERSHIP DUES & ASSESSMENTS

    total $2,787,479 · related or exempt $2,787,479

  • 2b · Program service revenue: EDUCATION & LOSS CONTROL

    total $2,057,577 · related or exempt $2,057,577

  • 3 · Investment income

    total $117,988 · excluded $117,988

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $708,455 · program services $255,630 · management and general $452,825

  • 7 · Other salaries and wages

    total $1,156,885 · program services $1,095,666 · management and general $61,219

  • 8 · Pension plan contributions

    total $339,323 · program services $218,911 · management and general $120,412

  • 9 · Other employee benefits

    total $211,770 · program services $211,770

  • 10 · Payroll taxes

    total $127,138 · program services $99,710 · management and general $27,428

  • 11a · Fees: management

    total $136,211 · management and general $136,211

  • 11b · Fees: legal

    total $5,173 · program services $5,173

  • 16 · Occupancy

    total $15,567 · management and general $15,567

  • 17 · Travel

    total $72,462 · program services $3,974 · management and general $68,488

  • 19 · Conferences, conventions and meetings

    total $91,968 · program services $91,968

  • 20 · Interest

    total $35,198 · management and general $35,198

  • 22 · Depreciation, depletion and amortization

    total $106,269 · program services $66,190 · management and general $40,079

  • 23 · Insurance

    total $94,779 · management and general $94,779

  • 24a · Other expenses: EDUCATION PROGRAMS

    total $375,569 · program services $193,412 · management and general $182,157

  • 24b · Other expenses: PROF. FEES

    total $250,633 · program services $250,633

  • 24c · Other expenses: SAFETY AND LOSS CONTROL

    total $137,446 · program services $136,126 · management and general $1,320

  • 24d · Other expenses: TRAVEL AND AUTO EXPENSE

    total $125,830 · program services $101,431 · management and general $24,399

  • 24e · All other expenses

    total $623,673 · program services $444,598 · management and general $179,075

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $173,489 · end of year $244,862

  • 2 · Savings and temporary cash investments

    beginning of year $2,050,000 · end of year $2,475,000

  • 4 · Accounts receivable

    beginning of year $20,831 · end of year $18,268

  • 9 · Prepaid expenses and deferred charges

    beginning of year $189,999 · end of year $126,310

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

    $1,430,863

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

    $930,408

  • 10c · Land, buildings and equipment, net

    beginning of year $447,136 · end of year $500,455

  • 11 · Investments: publicly traded securities

    beginning of year $175,229 · end of year $53,511

  • 15 · Other assets

    beginning of year $16,129

  • 17 · Accounts payable and accrued expenses

    beginning of year $180,802 · end of year $178,841

  • 19 · Deferred revenue

    beginning of year $253,778 · end of year $317,170

  • 25 · Other liabilities

    beginning of year $164,947 · end of year $74,201

  • 27 · Net assets without donor restrictions

    beginning of year $2,473,286 · end of year $2,848,194

Mission and programs · 2023

Mission

THE ASSOCIATION WAS FORMED TO PROVIDE SERVICES TO ITS MEMBERS INCLUDING EDUCATION, JOB TRAINING AND SAFETY, AND LEGISLATIVE AND REGULATOR REPRESENTATION.

  • EDUCATION, JOB TRAINING AND SAFETY PROGRAMS

  • LEGISLATIVE RELATIONS

  • MEMBERSHIP SERVICES

As filed on the 2023 return.

Listed in Part VII

  • Darrick Moe

    PRESIDENT &

    Total calculated
    $360,666
    From this org
    $289,409
    From related orgs
    $0
    Other
    $71,257
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $289,409
    Bonus
    not reported
    Other
    not reported
    Deferred
    $51,259
    Nontaxable benefits
    $19,998
    Filer's total
    $360,666

  • Joe Miller

    DIRECTOR OF

    Total calculated
    $217,890
    From this org
    $128,427
    From related orgs
    $0
    Other
    $89,463
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,427
    Bonus
    not reported
    Other
    not reported
    Deferred
    $88,822
    Nontaxable benefits
    $641
    Filer's total
    $217,890

  • Melissa Stachovich

    DIRECTOR-FIN

    Total calculated
    $217,362
    From this org
    $178,555
    From related orgs
    $0
    Other
    $38,807
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,555
    Bonus
    not reported
    Other
    not reported
    Deferred
    $21,827
    Nontaxable benefits
    $16,980
    Filer's total
    $217,362

  • Jenny Glumack

    DIRECTOR GOV

    Total calculated
    $204,523
    From this org
    $170,008
    From related orgs
    $0
    Other
    $34,515
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,008
    Bonus
    not reported
    Other
    not reported
    Deferred
    $23,693
    Nontaxable benefits
    $10,822
    Filer's total
    $204,523

  • Anthony Lenz

    DIRECTOR-SAF

    Total calculated
    $116,661
    From this org
    $102,246
    From related orgs
    $0
    Other
    $14,415
    Hours/week
    40

  • Wes Waller

    CHAIR

    Total calculated
    $12,701
    From this org
    $12,701
    From related orgs
    $0
    Other
    $0
    Hours/week
    13

  • Warren Rau

    TREASURER

    Total calculated
    $10,872
    From this org
    $10,872
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Ron Stevens

    SECRETARY

    Total calculated
    $9,928
    From this org
    $9,928
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Richard Coe

    FIRST VICE C

    Total calculated
    $8,168
    From this org
    $8,168
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Jeff Nornes

    DIRECTOR

    Total calculated
    $7,825
    From this org
    $7,825
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Jerry Tvedt

    DIRECTOR

    Total calculated
    $7,639
    From this org
    $7,639
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Aileen Demenge

    DIRECTOR

    Total calculated
    $7,292
    From this org
    $7,292
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Tim Velde

    DIRECTOR

    Total calculated
    $6,901
    From this org
    $6,901
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Ken Fiereck

    SECOND VICE

    Total calculated
    $6,453
    From this org
    $6,453
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Scott Thiesse

    DIRECTOR

    Total calculated
    $6,112
    From this org
    $6,112
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Ronald Schwartau

    DIRECTOR

    Total calculated
    $6,059
    From this org
    $6,059
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • John Reynolds

    DIRECTOR

    Total calculated
    $6,043
    From this org
    $6,043
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • John Wells

    DIRECTOR

    Total calculated
    $4,804
    From this org
    $4,804
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • John Deyoe

    DIRECTOR

    Total calculated
    $4,491
    From this org
    $4,491
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Stacy Miller

    DIRECTOR

    Total calculated
    $3,319
    From this org
    $3,319
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Sandy Ludeman

    DIRECTOR

    Total calculated
    $2,210
    From this org
    $2,210
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • James Connelly

    DIRECTOR

    Total calculated
    $890
    From this org
    $890
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

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
2023
Filed
6 May 2024
IRS schema version
2023v5.0
Source object
202421779349300722

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