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MINNESOTA VALLEY ELECTRIC COOPERATIVE

EIN 41-0419150 JORDAN, MN

Largest nonprofits in Minnesota

Revenue 2025
$126,685,812
Expenses 2025
$126,335,404

As filed

Subsection
12
Classification
4000
Street
125 MINNESOTA VALLEY ELECTRIC DR

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).

Other organizations at this address

1 other organization in the IRS Business Master File lists the same street address. matched by us

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

Mission and programs · 2025

Mission

PROVIDE ELECTRIC SERVICE TO MEMBERS

  • PROVIDE ELECTRIC SERVICE TO MEMBERS

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.

  • Deborah Erickson

    PRESIDENT

    Total calculated
    $27,500
    From this org
    $27,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    17.5
  • Elizabeth Krocak

    DIRECTOR

    Total calculated
    $23,400
    From this org
    $23,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    10
  • Thomas Wolf

    VICE PRESIDENT

    Total calculated
    $21,980
    From this org
    $21,980
    From related orgs
    $0
    Other
    $0
    Hours/week
    15
  • Gregory Boe

    DIRECTOR (STARTED APRIL 2025)

    Total calculated
    $20,100
    From this org
    $20,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    8
  • Michael Lins

    DIRECTOR

    Total calculated
    $20,000
    From this org
    $20,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4
  • Brent Lawrence

    SECRETARY/TREASURER

    Total calculated
    $19,600
    From this org
    $19,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    8
  • Kevin Gibbs

    DIRECTOR

    Total calculated
    $19,500
    From this org
    $19,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5
  • Michelle Morrison

    DIRECTOR

    Total calculated
    $19,100
    From this org
    $19,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    10
  • James Reeder

    DIRECTOR (STARTED JULY 2025)

    Total calculated
    $9,800
    From this org
    $9,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    3
  • Gary Haberman

    DIRECTOR (ENDED MARCH 2025)

    Total calculated
    $6,100
    From this org
    $6,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    2
  • James Connelly

    DIRECTOR (ENDED MARCH 2025)

    Total calculated
    $5,700
    From this org
    $5,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    25
  • Marvin Denzer

    CEO

    Total calculated
    $769,382
    From this org
    $423,538
    From related orgs
    $0
    Other
    $345,844
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $404,226
    Bonus
    $10,500
    Other
    $8,812
    Deferred
    $334,779
    Nontaxable benefits
    $11,794
    Filer's total
    $770,111
  • Randy Erdman

    VP OF FINANCE

    Total calculated
    $269,059
    From this org
    $243,768
    From related orgs
    $0
    Other
    $25,291
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $235,021
    Bonus
    $8,250
    Other
    $497
    Deferred
    $23,548
    Nontaxable benefits
    $2,472
    Filer's total
    $269,788
  • Michael Dietz

    VP OF OPERATIONS AND POWER SUPPLY

    Total calculated
    $418,003
    From this org
    $274,724
    From related orgs
    $0
    Other
    $143,279
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $257,156
    Bonus
    $8,250
    Other
    $9,318
    Deferred
    $132,844
    Nontaxable benefits
    $11,163
    Filer's total
    $418,731
  • Sarah Peterson

    VP OF ENGINEERING AND KEY ACCOUNTS

    Total calculated
    $246,426
    From this org
    $204,681
    From related orgs
    $0
    Other
    $41,745
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,597
    Bonus
    $750
    Other
    $6,334
    Deferred
    $21,127
    Nontaxable benefits
    $21,347
    Filer's total
    $247,155
  • Brandi Adelmann

    VP OF HUMAN RESOURCES

    Total calculated
    $237,580
    From this org
    $204,807
    From related orgs
    $0
    Other
    $32,773
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $203,505
    Bonus
    $750
    Other
    $552
    Deferred
    $20,604
    Nontaxable benefits
    $12,897
    Filer's total
    $238,308
  • Terri Bakken

    VP OF MEMBER SERVICES

    Total calculated
    $297,815
    From this org
    $193,664
    From related orgs
    $0
    Other
    $104,151
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,540
    Bonus
    $750
    Other
    $2,374
    Deferred
    $84,631
    Nontaxable benefits
    $20,248
    Filer's total
    $298,543
  • Kent Schmitt

    FOREMAN - CONSTRUCTION

    Total calculated
    $222,676
    From this org
    $175,829
    From related orgs
    $0
    Other
    $46,847
    Hours/week
    49.77

    Schedule J breakdown matched by us

    Base
    $174,980
    Bonus
    $750
    Other
    $99
    Deferred
    $33,476
    Nontaxable benefits
    $13,519
    Filer's total
    $222,824
  • Chad McGowan

    FOREMAN - CONSTRUCTION

    Total calculated
    $214,164
    From this org
    $171,624
    From related orgs
    $0
    Other
    $42,540
    Hours/week
    48.63

    Schedule J breakdown matched by us

    Base
    $170,718
    Bonus
    $750
    Other
    $156
    Deferred
    $31,685
    Nontaxable benefits
    $11,003
    Filer's total
    $214,312
  • Bruce Klehr

    FOREMAN - MAINTENANCE

    Total calculated
    $219,815
    From this org
    $166,177
    From related orgs
    $0
    Other
    $53,638
    Hours/week
    49.41

    Schedule J breakdown matched by us

    Base
    $165,271
    Bonus
    $750
    Other
    $156
    Deferred
    $34,949
    Nontaxable benefits
    $18,836
    Filer's total
    $219,962

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
    $126,685,812
    Expenses
    $126,335,404
    Contributions
    $0
    Grants paid
    $0
  • 2024
    Revenue
    $108,271,085
    Expenses
    $110,577,794
    Contributions
    $0
    Grants paid
    $0
  • 2023
    Revenue
    $108,564,734
    Expenses
    $107,152,255
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $112,862,188
    Expenses
    $109,796,025
    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
    $97,633,848
    Expenses
    $96,823,868
    Assets (EOY)
    $225,562,606
  • 2020 · 990

    Revenue
    $93,961,370
    Expenses
    $94,080,870
    Assets (EOY)
    $221,519,963
  • 2019 · 990

    Revenue
    $92,655,686
    Expenses
    $92,342,792
    Assets (EOY)
    $213,393,836
  • 2018 · 990

    Revenue
    $96,408,322
    Expenses
    $96,525,782
    Assets (EOY)
    $203,198,407
  • 2017 · 990

    Revenue
    $89,725,384
    Expenses
    $90,057,533
    Assets (EOY)
    $189,600,326
  • 2016 · 990

    Revenue
    $87,635,360
    Expenses
    $89,451,533
    Assets (EOY)
    $186,410,162
  • 2015 · 990

    Revenue
    $78,589,739
    Expenses
    $78,153,287
    Assets (EOY)
    $172,078,378
  • 2014 · 990

    Revenue
    $76,513,147
    Expenses
    $75,736,387
    Assets (EOY)
    $151,875,070
  • 2013 · 990

    Revenue
    $75,653,128
    Expenses
    $75,438,470
    Assets (EOY)
    $146,204,264
  • 2012 · 990

    Revenue
    not reported
    Expenses
    $71,590,938
    Assets (EOY)
    $143,290,562

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.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2025 return

Declared as related by

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

  • MINNESOTA VALLEY UTILITY SERVICES

    PROVIDES UTILITY CONSULTING SERVICES · MN · income $1,148 · assets $34,974

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.