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Nonprofiteer
← MINNESOTA RURAL ELECTRIC ASSOCIATIO N

Form 990 for tax year 2022

Filed by MINNESOTA RURAL ELECTRIC ASSOCIATIO N.

Totals

Total revenue
$4,674,458
Total expenses
$4,521,431
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,644,647
Investment income
$29,811
Other revenue
$0
Total assets, end of year
$3,072,813
Total liabilities, end of year
$599,527
Net assets or fund balances, end of year
$2,473,286
Program services expenses (Part IX)
$3,139,910
Management and general expenses
$1,381,521
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 69.4% 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 $2,619,811 · related or exempt $2,619,811

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

    total $2,024,836 · related or exempt $2,024,836

  • 3 · Investment income

    total $29,811 · excluded $29,811

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $647,067 · program services $236,435 · management and general $410,632

  • 7 · Other salaries and wages

    total $1,222,270 · program services $1,147,219 · management and general $75,051

  • 8 · Pension plan contributions

    total $349,098 · program services $235,106 · management and general $113,992

  • 9 · Other employee benefits

    total $162,347 · program services $162,347

  • 10 · Payroll taxes

    total $129,781 · program services $101,726 · management and general $28,055

  • 11a · Fees: management

    total $103,454 · management and general $103,454

  • 11b · Fees: legal

    total $11,053 · program services $11,053

  • 16 · Occupancy

    total $14,927 · management and general $14,927

  • 17 · Travel

    total $69,885 · management and general $69,885

  • 19 · Conferences, conventions and meetings

    total $90,874 · program services $90,874

  • 20 · Interest

    total $44,130 · management and general $44,130

  • 22 · Depreciation, depletion and amortization

    total $88,562 · program services $50,429 · management and general $38,133

  • 23 · Insurance

    total $87,309 · management and general $87,309

  • 24a · Other expenses: EDUCATION PROGRAMS

    total $432,015 · program services $241,070 · management and general $190,945

  • 24b · Other expenses: SAFETY AND LOSS CONTROL

    total $176,578 · program services $176,228 · management and general $350

  • 24c · Other expenses: PROF. FEES

    total $147,093 · program services $147,093

  • 24d · Other expenses: TRAVEL AND AUTO EXPENSE

    total $140,346 · program services $115,539 · management and general $24,807

  • 24e · All other expenses

    total $604,642 · program services $424,791 · management and general $179,851

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $297,246 · end of year $173,489

  • 2 · Savings and temporary cash investments

    beginning of year $1,800,000 · end of year $2,050,000

  • 4 · Accounts receivable

    beginning of year $33,436 · end of year $20,831

  • 9 · Prepaid expenses and deferred charges

    beginning of year $153,408 · end of year $189,999

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

    $1,321,067

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

    $873,931

  • 10c · Land, buildings and equipment, net

    beginning of year $399,195 · end of year $447,136

  • 11 · Investments: publicly traded securities

    beginning of year $222,021 · end of year $175,229

  • 15 · Other assets

    beginning of year $63,225 · end of year $16,129

  • 17 · Accounts payable and accrued expenses

    beginning of year $143,446 · end of year $180,802

  • 19 · Deferred revenue

    beginning of year $235,558 · end of year $253,778

  • 25 · Other liabilities

    beginning of year $250,555 · end of year $164,947

  • 27 · Net assets without donor restrictions

    beginning of year $2,338,972 · end of year $2,473,286

Mission and programs · 2022

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 2022 return.

Listed in Part VII

  • Darrick Moe

    PRESIDENT &

    Total calculated
    $350,815
    From this org
    $272,228
    From related orgs
    $0
    Other
    $78,587
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $272,228
    Bonus
    not reported
    Other
    not reported
    Deferred
    $59,555
    Nontaxable benefits
    $19,032
    Filer's total
    $350,815

  • Mike Bull

    DIRECTOR- GO

    Total calculated
    $221,926
    From this org
    $199,661
    From related orgs
    $0
    Other
    $22,265
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,661
    Bonus
    not reported
    Other
    not reported
    Deferred
    $19,604
    Nontaxable benefits
    $2,661
    Filer's total
    $221,926

  • Melissa Stachovich

    DIRECTOR-FIN

    Total calculated
    $199,302
    From this org
    $154,079
    From related orgs
    $0
    Other
    $45,223
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,079
    Bonus
    not reported
    Other
    not reported
    Deferred
    $28,996
    Nontaxable benefits
    $16,227
    Filer's total
    $199,302

  • Lidia Dilley Jacobson

    DIRECTOR-SAF

    Total calculated
    $184,295
    From this org
    $162,937
    From related orgs
    $0
    Other
    $21,358
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,937
    Bonus
    not reported
    Other
    not reported
    Deferred
    $9,660
    Nontaxable benefits
    $11,698
    Filer's total
    $184,295

  • Jenny Glumack

    MANAGER-LEG.

    Total calculated
    $156,641
    From this org
    $120,180
    From related orgs
    $0
    Other
    $36,461
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,180
    Bonus
    not reported
    Other
    not reported
    Deferred
    $26,108
    Nontaxable benefits
    $10,353
    Filer's total
    $156,641

  • Wes Waller

    CHAIR

    Total calculated
    $13,017
    From this org
    $13,017
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Jeff Nornes

    DIRECTOR

    Total calculated
    $9,681
    From this org
    $9,681
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Warren Rau

    TREASURER

    Total calculated
    $8,532
    From this org
    $8,532
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Tim Velde

    DIRECTOR

    Total calculated
    $7,296
    From this org
    $7,296
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Ken Fiereck

    SECOND VICE

    Total calculated
    $7,279
    From this org
    $7,279
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Richard Coe

    FIRST VICE C

    Total calculated
    $7,141
    From this org
    $7,141
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Ronald Schwartau

    DIRECTOR

    Total calculated
    $6,612
    From this org
    $6,612
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Ron Stevens

    SECRETARY

    Total calculated
    $6,266
    From this org
    $6,266
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • John Wells

    DIRECTOR

    Total calculated
    $6,183
    From this org
    $6,183
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Jerry Tvedt

    DIRECTOR

    Total calculated
    $6,114
    From this org
    $6,114
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • James Connelly

    DIRECTOR

    Total calculated
    $6,049
    From this org
    $6,049
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Stacy Miller

    DIRECTOR

    Total calculated
    $5,900
    From this org
    $5,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Aileen Demenge

    DIRECTOR

    Total calculated
    $5,819
    From this org
    $5,819
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Sandy Ludeman

    DIRECTOR

    Total calculated
    $5,782
    From this org
    $5,782
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Barbara Welty

    DIRECTOR

    Total calculated
    $1,110
    From this org
    $1,110
    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
2022
Filed
11 May 2023
IRS schema version
2022v5.0
Source object
202301869349300220

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