- 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.