Form 990 for tax year 2023
Filed by SOUTHERN MINNESOTA ENERGY COOPERATIVE.
Totals
- Total revenue
- $63,873,841
- Total expenses
- $63,873,841
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $63,189,377
- Investment income
- $0
- Other revenue
- $684,464
- Total assets, end of year
- $9,216,834
- Total liabilities, end of year
- $5,973,643
- Net assets or fund balances, end of year
- $3,243,191
- 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 $63,189,377 · related or exempt $63,189,377
-
11a · Other revenue: SALES OF REC CREDITS
total $616,074 · related or exempt $616,074
-
11b · Other revenue: DISCOUNT ON POWER BILL
total $68,002 · related or exempt $68,002
-
11c · Other revenue: CAPITAL CREDITS
total $388 · related or exempt $388
-
11e · Other revenue, total
$684,464
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $1,231,753
-
5 · Compensation of officers, directors and key employees
total $20,955
-
24a · Other expenses: COST OF POWER PURCHASED
total $62,563,984
-
24b · Other expenses: ADMINISTRATIVE & GENERA
total $57,149
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,566,624 · end of year $4,728,019
-
4 · Accounts receivable
beginning of year $5,423,536 · end of year $4,441,981
-
13 · Investments: program-related
beginning of year $46,446 · end of year $46,834
-
17 · Accounts payable and accrued expenses
beginning of year $6,728,036 · end of year $5,773,643
-
19 · Deferred revenue
end of year $200,000
-
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 $3,068,570 · end of year $3,003,191
Mission and programs · 2023
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 2023 return.
Listed in Part VII
-
Brian KrambeerBRIAN KRAMBEER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Adam TromblayADAM TROMBLAY
VICE-PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Jim KruegerJIM KRUEGER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Syd BriggsSYD BRIGGS
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Ron HormanRON HORMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tim McCarthyTIM MCCARTHY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott ReimerSCOTT REIMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dave SundermanDAVE SUNDERMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike HeidemannMIKE HEIDEMANN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike HenkeMIKE HENKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marvin DenzerMARVIN DENZER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Richard BurudRICHARD BURUD
CEO
- Total calculated
- $20,955
- From this org
- $20,955
- 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
- 2023
- Filed
- 9 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202432559349300508
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