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Nonprofiteer
← MOREAU-GRAND ELECTRIC COOPERATIVE INC

Form 990 for tax year 2025

Filed by MOREAU-GRAND ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$8,048,418
Total expenses
$7,375,519
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,105,987
Investment income
-$28,213
Other revenue
$6,970,644
Total assets, end of year
$60,591,862
Total liabilities, end of year
$39,565,325
Net assets or fund balances, end of year
$21,026,537
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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: CAPITAL CREDITS - G&T

    total $382,080 · related or exempt $382,080

  • 2b · Program service revenue: TRANSMISSION SYSTEM RENTAL

    total $235,431 · related or exempt $235,431

  • 2c · Program service revenue: JOB ORDER REVENUES

    total $179,914 · related or exempt $179,914

  • 2d · Program service revenue: WHEELING IN ELECT SUBSTATION

    total $122,092 · related or exempt $122,092

  • 2e · Program service revenue: OTHER ELECTRIC SALES

    total $101,650 · related or exempt $101,650

  • 2f · All other program service revenue

    total $84,820 · related or exempt $84,820

  • 3 · Investment income

    total $50,755 · excluded $50,755

  • 6a · Gross rents

    personal property $28,686

  • 6c · Rental income or loss

    personal property $28,686

  • 6d · Net rental income or loss

    total $28,686 · excluded $28,686

  • 7b · Less cost or other basis and sales expenses

    other assets $78,968

  • 7c · Gain or loss

    other assets -$78,968

  • 7d · Net gain or loss

    total -$78,968 · excluded -$78,968

  • 10a · Gross sales of inventory

    $14,183,698

  • 10b · Cost of goods sold

    $7,242,324

  • 10c · Net income from sales of inventory

    total $6,941,374 · related or exempt $6,941,374

  • 11a · Other revenue: CONNECT FEES

    total $584 · related or exempt $584

  • 11e · Other revenue, total

    $584

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $384,287

  • 5 · Compensation of officers, directors and key employees

    total $245,794

  • 7 · Other salaries and wages

    total $1,189,633

  • 8 · Pension plan contributions

    total $291,300

  • 9 · Other employee benefits

    total $491,852

  • 10 · Payroll taxes

    total $149,327

  • 11b · Fees: legal

    total $18,733

  • 11c · Fees: accounting

    total $28,489

  • 11g · Fees: other

    total $1,793

  • 12 · Advertising and promotion

    total $43,738

  • 13 · Office expenses

    total $316,536

  • 14 · Information technology

    total $96,528

  • 16 · Occupancy

    total $121,173

  • 17 · Travel

    total $37,469

  • 19 · Conferences, conventions and meetings

    total $21,336

  • 20 · Interest

    total $1,403,515

  • 22 · Depreciation, depletion and amortization

    total $1,724,533

  • 23 · Insurance

    total $2,122

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $501,986

  • 24b · Other expenses: GROSS RECEIPT TAX

    total $163,631

  • 24c · Other expenses: DUES

    total $92,688

  • 24d · Other expenses: MISC

    total $49,056

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $667,178 · end of year $994,218

  • 4 · Accounts receivable

    beginning of year $1,435,379 · end of year $1,664,401

  • 8 · Inventories for sale or use

    beginning of year $1,232,637 · end of year $1,422,898

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

    $74,974,641

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

    $26,168,516

  • 10c · Land, buildings and equipment, net

    beginning of year $48,960,953 · end of year $48,806,125

  • 13 · Investments: program-related

    beginning of year $7,377,447 · end of year $7,550,717

  • 15 · Other assets

    beginning of year $171,219 · end of year $153,503

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,219,256 · end of year $972,109

  • 19 · Deferred revenue

    beginning of year $154,899 · end of year $162,038

  • 23 · Secured mortgages and notes payable

    beginning of year $37,356,692 · end of year $37,604,243

  • 25 · Other liabilities

    beginning of year $838,923 · end of year $826,935

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $2,747,013 · end of year $2,822,134

  • 31 · Retained earnings, endowment or other funds

    beginning of year $17,528,030 · end of year $18,204,403

Mission and programs · 2025

Mission

COOPERATIVE -- ELECTRIC ENERGY TO MEMBERS

  • PROVIDE LOW-COST ELECTRICAL POWER TO MEET PRESENT AND FUTURE NEEDS OF MEMBERS IN A THREE-COUNTY SERVICE AREA. THE COOPERATIVE SERVED 7,175 METERS IN 2025.

As filed on the 2025 return.

Listed in Part VII

  • Kent Larson

    GENERAL MANA

    Total calculated
    $196,044
    From this org
    $160,801
    From related orgs
    $0
    Other
    $35,243
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,801
    Bonus
    not reported
    Other
    not reported
    Deferred
    $21,271
    Nontaxable benefits
    $13,972
    Filer's total
    $196,044

  • Justin Thorstenson

    LINE FOREMAN

    Total calculated
    $162,433
    From this org
    $106,871
    From related orgs
    $0
    Other
    $55,562
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $106,871
    Bonus
    not reported
    Other
    not reported
    Deferred
    $27,487
    Nontaxable benefits
    $28,075
    Filer's total
    $162,433

  • Joshua Lemberg

    OPS. SUPERIN

    Total calculated
    $162,012
    From this org
    $105,460
    From related orgs
    $0
    Other
    $56,552
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $105,460
    Bonus
    not reported
    Other
    not reported
    Deferred
    $28,342
    Nontaxable benefits
    $28,210
    Filer's total
    $162,012

  • Troy Long

    LINE FOREMAN

    Total calculated
    $150,297
    From this org
    $117,476
    From related orgs
    $0
    Other
    $32,821
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,476
    Bonus
    not reported
    Other
    not reported
    Deferred
    $19,306
    Nontaxable benefits
    $13,515
    Filer's total
    $150,297

  • Hunter Smith

    ASST. OPS. S

    Total calculated
    $146,993
    From this org
    $105,991
    From related orgs
    $0
    Other
    $41,002
    Hours/week
    40

  • Ethan Aberle

    JOURNEYMAN L

    Total calculated
    $143,090
    From this org
    $111,912
    From related orgs
    $0
    Other
    $31,178
    Hours/week
    40

  • Geralyn Hahne

    SEC/TREASURE

    Total calculated
    $7,250
    From this org
    $7,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Ryan Maher

    PRESIDENT

    Total calculated
    $7,250
    From this org
    $7,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Clint Clark

    DIRECTOR

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Royce Walker

    DIRECTOR

    Total calculated
    $5,250
    From this org
    $5,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Kerry McLellan

    VICE PRESIDE

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Troy Wall

    DIRECTOR

    Total calculated
    $4,500
    From this org
    $4,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Paul Lawrence

    DIRECTOR

    Total calculated
    $4,000
    From this org
    $4,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Brent Schweitzer

    DIRECTOR

    Total calculated
    $4,000
    From this org
    $4,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Robert Keckler

    DIRECTOR

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Lois Bartlett

    DIRECTOR

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Cody Jewett

    DIRECTOR

    Total calculated
    $1,000
    From this org
    $1,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Dee Ann Lawrence

    DIRECTOR

    Total calculated
    $1,000
    From this org
    $1,000
    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 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

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
2025
Filed
27 July 2026
IRS schema version
2025v4.0
Source object
202602089349301265

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