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MINNKOTA POWER COOPERATIVE INC

EIN 45-0166406 GRAND FORKS, ND

Largest nonprofits in North Dakota

Revenue 2025
$486,986,596
Expenses 2025
$477,334,362

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
12
Classification
4000
Street
5301 32ND AVE S

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2025

Mission

Minnkota Power is a rural electric cooperative that generates and transmits electric power.

Activities or mission (Part I)

Minnkota Power Cooperative is a rural electric cooperative that generates and transmits electric power for eleven member cooperatives.

  • Minnkota Power is a rural electric cooperative that generates and transmits electric power.

As filed on the 2025 return.

Officers and directors · 2025

As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Robert McLennan

    President & CEO

    Total calculated
    $1,429,916
    From this org
    $1,219,485
    From related orgs
    $0
    Other
    $210,431
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,195,885
    Bonus
    $0
    Other
    $23,600
    Deferred
    $181,000
    Nontaxable benefits
    $29,431
    Filer's total
    $1,429,916
  • Gerad Paul

    Executive VP, Chief Legal Officer

    Total calculated
    $490,056
    From this org
    $400,375
    From related orgs
    $0
    Other
    $89,681
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $372,775
    Bonus
    $4,000
    Other
    $23,600
    Deferred
    $56,000
    Nontaxable benefits
    $33,681
    Filer's total
    $490,056
  • Brendan Kennelly

    Executive VP, Chief Operating Officer

    Total calculated
    $452,675
    From this org
    $363,994
    From related orgs
    $0
    Other
    $88,681
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $359,894
    Bonus
    $4,000
    Other
    $100
    Deferred
    $56,000
    Nontaxable benefits
    $32,681
    Filer's total
    $452,675
  • Dan Inman

    Senior VP of Power Delivery, CITO

    Total calculated
    $422,354
    From this org
    $335,740
    From related orgs
    $0
    Other
    $86,614
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $331,640
    Bonus
    $4,000
    Other
    $100
    Deferred
    $53,934
    Nontaxable benefits
    $32,681
    Filer's total
    $422,355
  • Jami Hovet

    Executive VP, Chief Administrative Officer

    Total calculated
    $420,953
    From this org
    $334,258
    From related orgs
    $0
    Other
    $86,695
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $330,158
    Bonus
    $4,000
    Other
    $100
    Deferred
    $54,015
    Nontaxable benefits
    $32,680
    Filer's total
    $420,953
  • Lowell Stave

    VP, Chief Operating Officer

    Total calculated
    $417,727
    From this org
    $389,326
    From related orgs
    $0
    Other
    $28,401
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $272,097
    Bonus
    $4,000
    Other
    $113,229
    Deferred
    $16,397
    Nontaxable benefits
    $12,004
    Filer's total
    $417,727
  • Kay Schraeder

    Executive VP, Chief Financial Officer

    Total calculated
    $414,790
    From this org
    $329,040
    From related orgs
    $0
    Other
    $85,750
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $312,940
    Bonus
    $4,000
    Other
    $12,100
    Deferred
    $53,069
    Nontaxable benefits
    $32,681
    Filer's total
    $414,790
  • Todd Sailer

    Vice President of Power Supply

    Total calculated
    $413,214
    From this org
    $329,089
    From related orgs
    $0
    Other
    $84,125
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $261,663
    Bonus
    $7,000
    Other
    $60,426
    Deferred
    $50,444
    Nontaxable benefits
    $33,681
    Filer's total
    $413,214
  • Andrew Sorbo

    Senior VP of Power Supply

    Total calculated
    $380,558
    From this org
    $300,553
    From related orgs
    $0
    Other
    $80,005
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $296,453
    Bonus
    $4,000
    Other
    $100
    Deferred
    $47,324
    Nontaxable benefits
    $32,681
    Filer's total
    $380,558
  • Grant Gunderson

    Vice President Resource Planning & Markets

    Total calculated
    $348,132
    From this org
    $273,323
    From related orgs
    $0
    Other
    $74,809
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $257,219
    Bonus
    $6,000
    Other
    $10,104
    Deferred
    $42,129
    Nontaxable benefits
    $32,681
    Filer's total
    $348,133
  • Stacey Dahl

    Vice President of External Affairs

    Total calculated
    $325,792
    From this org
    $251,459
    From related orgs
    $0
    Other
    $74,333
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $247,359
    Bonus
    $4,000
    Other
    $100
    Deferred
    $41,652
    Nontaxable benefits
    $32,681
    Filer's total
    $325,792
  • Shannon Mikula

    Environmental Manager

    Total calculated
    $320,240
    From this org
    $246,815
    From related orgs
    $0
    Other
    $73,425
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $241,715
    Bonus
    $5,000
    Other
    $100
    Deferred
    $40,784
    Nontaxable benefits
    $32,641
    Filer's total
    $320,240
  • Theresa Brorby

    Vice President of Compliance & Risk

    Total calculated
    $312,725
    From this org
    $242,042
    From related orgs
    $0
    Other
    $70,683
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $217,250
    Bonus
    $3,000
    Other
    $21,793
    Deferred
    $38,002
    Nontaxable benefits
    $32,681
    Filer's total
    $312,726
  • Tim Hagerott

    Vice President of Generation & Development

    Total calculated
    $302,196
    From this org
    $238,817
    From related orgs
    $0
    Other
    $63,379
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $233,717
    Bonus
    $5,000
    Other
    $100
    Deferred
    $38,366
    Nontaxable benefits
    $25,013
    Filer's total
    $302,196
  • Andrew Freidt

    Senior Manager of Power Production

    Total calculated
    $296,119
    From this org
    $239,323
    From related orgs
    $0
    Other
    $56,796
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $233,223
    Bonus
    $6,000
    Other
    $100
    Deferred
    $37,596
    Nontaxable benefits
    $19,200
    Filer's total
    $296,119
  • Samuel Schmitz

    Senior Manager of Legal Services

    Total calculated
    $276,047
    From this org
    $208,960
    From related orgs
    $0
    Other
    $67,087
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,860
    Bonus
    $3,000
    Other
    $100
    Deferred
    $34,556
    Nontaxable benefits
    $32,531
    Filer's total
    $276,047
  • Kasey Borboa

    Senior Manager of Power Delivery Engineering

    Total calculated
    $269,206
    From this org
    $203,612
    From related orgs
    $0
    Other
    $65,594
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,512
    Bonus
    $6,000
    Other
    $100
    Deferred
    $32,913
    Nontaxable benefits
    $32,681
    Filer's total
    $269,206
  • Neil Kramar

    Plant Manager

    Total calculated
    $254,356
    From this org
    $193,880
    From related orgs
    $0
    Other
    $60,476
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,280
    Bonus
    $4,500
    Other
    $100
    Deferred
    $31,085
    Nontaxable benefits
    $29,391
    Filer's total
    $254,356
  • Marcy Douglas

    Executive VP, Chief Member Services Officer

    Total calculated
    $169,011
    From this org
    $161,548
    From related orgs
    $0
    Other
    $7,463
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,548
    Bonus
    $0
    Other
    $0
    Deferred
    $3,231
    Nontaxable benefits
    $4,233
    Filer's total
    $169,012
  • Mark Habedank

    Board Chair

    Total calculated
    $42,240
    From this org
    $42,240
    From related orgs
    $0
    Other
    $0
    Hours/week
    6
  • Kalvin Hoff

    Board Member

    Total calculated
    $25,220
    From this org
    $25,220
    From related orgs
    $0
    Other
    $0
    Hours/week
    5
  • Rick Coe

    Board Member

    Total calculated
    $24,540
    From this org
    $24,540
    From related orgs
    $0
    Other
    $0
    Hours/week
    5
  • Tom Woinarowicz

    Board Vice Chair

    Total calculated
    $20,040
    From this org
    $20,040
    From related orgs
    $0
    Other
    $0
    Hours/week
    6
  • Mike Wahl

    Board Member

    Total calculated
    $19,600
    From this org
    $19,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    5
  • Colette Kujava

    Board Secretary/Treasurer

    Total calculated
    $19,420
    From this org
    $19,420
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

The first 25 listed. 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. Earlier years are each on their own filing page.

Filings

  • 2025
    Revenue
    $486,986,596
    Expenses
    $477,334,362
    Contributions
    $0
    Grants paid
    $0
  • 2024
    Revenue
    $472,008,366
    Expenses
    $462,753,449
    Contributions
    $0
    Grants paid
    $0
  • 2023
    Revenue
    $449,704,391
    Expenses
    $436,669,776
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $451,623,057
    Expenses
    $432,708,147
    Contributions
    $0
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $406,680,982
    Expenses
    $385,173,456
    Assets (EOY)
    $1,140,468,068
  • 2020 · 990

    Revenue
    $395,276,944
    Expenses
    $387,606,652
    Assets (EOY)
    $1,139,298,514
  • 2019 · 990

    Revenue
    $402,196,354
    Expenses
    $390,482,354
    Assets (EOY)
    $1,124,833,308
  • 2018 · 990

    Revenue
    $414,061,515
    Expenses
    $403,962,515
    Assets (EOY)
    $1,060,797,950
  • 2017 · 990

    Revenue
    $395,642,680
    Expenses
    $385,992,680
    Assets (EOY)
    $1,039,451,568
  • 2016 · 990

    Revenue
    $378,425,640
    Expenses
    $369,195,640
    Assets (EOY)
    $1,017,654,497
  • 2015 · 990

    Revenue
    $378,374,239
    Expenses
    $370,874,239
    Assets (EOY)
    $986,053,407
  • 2014 · 990

    Revenue
    $347,340,379
    Expenses
    $340,066,549
    Assets (EOY)
    $950,553,711
  • 2013 · 990

    Revenue
    $324,562,877
    Expenses
    $317,761,754
    Assets (EOY)
    $909,008,837
  • 2012 · 990

    Revenue
    not reported
    Expenses
    $288,545,049
    Assets (EOY)
    $728,399,349

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Disregarded entities on its 2025 return

  • DCC East Project LLC

    Carbon Capture & Storage · DE · income $0 · assets $10,717,692

Related corporations and trusts on its 2025 return

  • Lignite Electric Power Cooperative Inc

    C · Coal Leases · ND · 100% owned · share of income $362 · share of assets $3,114

  • Great Plains Tower Services LLC

    C · Tower Maintenance · ND · 100% owned · share of income $1,208,028 · share of assets $1,063,451

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Not present in the most recent drop.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2025, the newest we have parsed for this organization.