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Runestone Electric Association

  • Alexandria, MN
  • Tax-exempt since Dec. 1937
  • EIN: 41-0223597

Organization summary

Type of Nonprofit

Designated as a Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$33M (2023)

Expenses
$33M (2023)

Total Assets
$103M (2023)

Total Liabilities
$63.2M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$32,966,732
Expenses
$32,966,732
Net Income
$0
Net Assets
$39,870,129
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $31,643,779
96.0%
Investment Income $1,179,836
3.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,409
0.0%
Net Fundraising $0
Sales of Assets $1,000
0.0%
Net Inventory Sales $0
Other Revenue $140,708
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $684,916
2.1%
Professional Fundraising Fees $0
Other Salaries and Wages $2,000,759
6.1%
Assets/Debt
Total Assets $103,047,892
Total Liabilities $63,177,763
Net Assets $39,870,129
Club or Co-Op Income
Income From Members $31,643,779
Income From Other Sources $32,971,997
Compensation
Key Employees and Officers Compensation Related Other
Alan Haman (Ceo) $269,955 $0 $149,082
Janet Nelson (Manager Of Finance) $143,873 $0 $79,406
Susan Gibbons (Network & It Administrator) $141,696 $0 $42,879
Susan Lundeen (Manager Of Member Services) $135,764 $0 $84,582
Ryan Rooney (Energy Services & Business Development Manager) $131,945 $0 $48,959
David Jablonski (Line Superintendent) $127,781 $0 $86,119
Tyler Doherty (Journeyman Lineman) $117,358 $0 $34,389
David Staples (Director) $7,750 $0 $0
Barbara Johnson (Director) $7,500 $0 $0
Gary Anderson (Director) $7,250 $0 $0
Michael Loken (Director) $6,300 $0 $0
Matthew Mattson (Director) $4,400 $0 $0
Audrey Hjelle (Director) $4,050 $0 $0
Joel Seela (Director) $3,350 $0 $0
Clifford Patrick (Director) $2,000 $0 $0
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Document Links

990
Filed on May 13, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$31,843,187
Expenses
$31,843,187
Net Income
$0
Net Assets
$38,634,620
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $31,171,518
97.9%
Investment Income $528,568
1.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,418
0.0%
Net Fundraising $0
Sales of Assets $14,250
0.0%
Net Inventory Sales $0
Other Revenue $127,433
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $710,688
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $2,192,834
6.9%
Assets/Debt
Total Assets $102,638,988
Total Liabilities $64,004,368
Net Assets $38,634,620
Club or Co-Op Income
Income From Members $31,372,263
Income From Other Sources $650,215
Compensation
Key Employees and Officers Compensation Related Other
Alan Haman (Ceo) $261,834 $0 $170,194
Janet Nelson (Manager Of Finance) $136,895 $0 $95,615
Susan Gibbons (Network & It Administrator) $134,896 $0 $58,142
Susan Lundeen (Manager Of Member Services) $130,834 $0 $95,762
David Jablonski (Line Superintendent) $130,544 $0 $106,146
Kyle Blade (Journeyman Lineman) $127,708 $0 $22,598
Ryan Rooney (Energy Services & Business Development Manager) $127,359 $0 $61,363
Michael Loken (Director) $7,450 $0 $0
Clifford Patrick (Director) $7,400 $0 $0
David Staples (Director) $7,350 $0 $0
Barbara Johnson (Director) $7,200 $0 $0
Gary Anderson (Director) $6,350 $0 $0
Matthew Mattson (Director) $5,450 $0 $0
Audrey Hjelle (Director) $4,950 $0 $0
+ View more people

Document Links

990
Filed on May 10, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$31,252,692
Expenses
$31,252,692
Net Income
$0
Net Assets
$38,246,204
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $29,880,036
95.6%
Investment Income $1,085,611
3.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $979
0.0%
Net Fundraising $0
Sales of Assets $31,212
0.1%
Net Inventory Sales $0
Other Revenue $254,854
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $661,852
2.1%
Professional Fundraising Fees $0
Other Salaries and Wages $1,990,796
6.4%
Assets/Debt
Total Assets $99,235,935
Total Liabilities $60,989,731
Net Assets $38,246,204
Club or Co-Op Income
Income From Members $29,992,770
Income From Other Sources $799,479
Compensation
Key Employees and Officers Compensation Related Other
Alan Haman (Ceo) $242,452 $0 $151,142
Janet Nelson (Manager Of Finance) $133,018 $0 $91,440
Susan Lundeen (Manager Of Member Services) $127,124 $0 $91,260
Susan Gibbons (Network & It Administrator) $126,487 $0 $105,369
Ryan Rooney (Energy Services & Business Development Manager) $123,877 $0 $57,043
David Jablonski (Line Superintendent) $121,946 $0 $101,631
Cody Blakeman (Journeyman Lineman) $107,764 $0 $31,296
Clifford Patrick (Director) $7,200 $0 $0
Barbara Johnson (Director) $6,600 $0 $0
David Staples (Director) $6,450 $0 $0
Gary Anderson (Director) $6,200 $0 $0
Michael Loken (Director) $6,200 $0 $0
Audrey Hjelle (Director) $5,700 $0 $0
Matthew Mattson (Director) $5,450 $0 $0
+ View more people

Document Links

990
Filed on May 11, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$29,762,866
Expenses
$29,762,866
Net Income
$0
Net Assets
$37,508,464
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $29,056,783
97.6%
Investment Income $589,616
2.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $500
0.0%
Net Fundraising $0
Sales of Assets $7,812
0.0%
Net Inventory Sales $155
0.0%
Other Revenue $108,000
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $457,311
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $1,892,782
6.4%
Assets/Debt
Total Assets $95,326,425
Total Liabilities $57,817,961
Net Assets $37,508,464
Club or Co-Op Income
Income From Members $29,157,996
Income From Other Sources $368,989
Compensation
Key Employees and Officers Compensation Related Other
Janet Nelson (Manager Of Finance) $135,874 $0 $78,856
Susan Lundeen (Manager Of Member Services) $129,171 $0 $79,825
Susan Gibbons (Network & It Administrator) $126,916 $0 $91,649
Ryan Rooney (Energy Services & Business Development Manager) $123,241 $0 $50,251
David Jablonski (Line Superintendent) $120,966 $0 $88,108
Mark Hillesheim (Journeyman Lineman) $116,571 $0 $30,902
Kristin Dolan (Ceo) $111,662 $0 $82,369
David Staples (Director) $8,450 $0 $0
Clifford Patrick (Director) $6,700 $0 $0
Barbara Johnson (Director) $6,450 $0 $0
Michael Loken (Director) $6,450 $0 $0
Matthew Mattson (Director) $5,900 $0 $0
Gary Anderson (Director) $5,850 $0 $0
Audrey Hjelle (Director) $5,700 $0 $0
Bradley Burklund (Director) $3,050 $0 $0
Alan Haman (Ceo) $0 $0 $0
+ View more people

Document Links

990
Filed on May 14, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$29,719,173
Expenses
$29,719,173
Net Income
$0
Net Assets
$36,569,382
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $28,790,415
96.9%
Investment Income $768,159
2.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $980
0.0%
Net Fundraising $0
Sales of Assets $89,750
0.3%
Net Inventory Sales -$1,328
Other Revenue $71,197
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $523,307
1.8%
Professional Fundraising Fees $0
Other Salaries and Wages $1,937,500
6.5%
Assets/Debt
Total Assets $94,014,569
Total Liabilities $57,445,187
Net Assets $36,569,382
Club or Co-Op Income
Income From Members $28,888,921
Income From Other Sources $505,806

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$28,784,591
Expenses
$28,784,591
Net Income
$0
Net Assets
$35,639,682
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $28,069,651
97.5%
Investment Income $656,072
2.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $560
0.0%
Net Fundraising $0
Sales of Assets $16,500
0.1%
Net Inventory Sales $146
0.0%
Other Revenue $41,662
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $515,130
1.8%
Professional Fundraising Fees $0
Other Salaries and Wages $1,888,717
6.6%
Assets/Debt
Total Assets $91,253,591
Total Liabilities $55,613,909
Net Assets $35,639,682
Club or Co-Op Income
Income From Members $28,069,651
Income From Other Sources $142,276

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$28,350,404
Expenses
$28,350,404
Net Income
$0
Net Assets
$34,516,211
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $27,304,480
96.3%
Investment Income $913,513
3.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $342
0.0%
Net Fundraising $0
Sales of Assets $116,823
0.4%
Net Inventory Sales $89
0.0%
Other Revenue $15,157
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $472,676
1.7%
Professional Fundraising Fees $0
Other Salaries and Wages $1,874,950
6.6%
Assets/Debt
Total Assets $90,558,889
Total Liabilities $56,042,678
Net Assets $34,516,211
Club or Co-Op Income
Income From Members $0
Income From Other Sources $0

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$28,126,320
Expenses
$28,126,320
Net Income
$0
Net Assets
$33,253,438
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $27,083,625
96.3%
Investment Income $971,105
3.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $595
0.0%
Net Fundraising $0
Sales of Assets $41,479
0.1%
Net Inventory Sales $16
0.0%
Other Revenue $29,500
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $438,182
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,820,346
6.5%
Assets/Debt
Total Assets $88,966,048
Total Liabilities $55,712,610
Net Assets $33,253,438
Club or Co-Op Income
Income From Members $27,075,903
Income From Other Sources $56,132

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$26,893,505
Expenses
$26,893,505
Net Income
$0
Net Assets
$31,884,499
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $26,402,647
98.2%
Investment Income $393,476
1.5%
Bond Proceeds $0
Royalties $0
Rental Property Income -$2,235
Net Fundraising $0
Sales of Assets $78,894
0.3%
Net Inventory Sales $98
0.0%
Other Revenue $20,625
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $622,771
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,647,583
6.1%
Assets/Debt
Total Assets $84,732,795
Total Liabilities $52,848,296
Net Assets $31,884,499
Club or Co-Op Income
Income From Members $26,360,589
Income From Other Sources $150,008

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$29,145,337
Expenses
$29,145,337
Net Income
$0
Net Assets
$30,768,487
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $27,929,631
95.8%
Investment Income $1,195,121
4.1%
Bond Proceeds $0
Royalties $0
Rental Property Income -$6,124
Net Fundraising $0
Sales of Assets $3,198
0.0%
Net Inventory Sales $408
0.0%
Other Revenue $23,103
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $503,799
1.7%
Professional Fundraising Fees $0
Other Salaries and Wages $1,756,030
6.0%
Assets/Debt
Total Assets $80,108,851
Total Liabilities $49,340,364
Net Assets $30,768,487
Club or Co-Op Income
Income From Members $27,894,825
Income From Other Sources $41,614

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$27,577,127
Expenses
$27,577,127
Net Income
$0
Net Assets
$28,219,308
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $26,637,091
96.6%
Investment Income $871,419
3.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $34,067
0.1%
Net Fundraising $0
Sales of Assets $2,198
0.0%
Net Inventory Sales $1,429
0.0%
Other Revenue $30,923
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $616,949
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $1,707,862
6.2%
Assets/Debt
Total Assets $78,900,189
Total Liabilities $50,680,881
Net Assets $28,219,308
Club or Co-Op Income
Income From Members $26,601,931
Income From Other Sources $122,955

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$24,478,949
Expenses
$24,478,949
Net Income
$0
Net Assets
$26,527,309
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $23,565,191
96.3%
Investment Income $852,812
3.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $6,532
0.0%
Net Fundraising $0
Sales of Assets $561
0.0%
Net Inventory Sales $1,558
0.0%
Other Revenue $52,295
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $568,931
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,532,921
6.3%
Assets/Debt
Total Assets $68,072,335
Total Liabilities $41,545,026
Net Assets $26,527,309
Club or Co-Op Income
Income From Members $23,653,568
Income From Other Sources $116,401

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$23,415,741
Expenses
$23,415,741
Net Income
$0
Net Assets
$25,269,635
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $22,657,766
96.8%
Investment Income $701,598
3.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $5,218
0.0%
Net Fundraising $0
Sales of Assets $24,058
0.1%
Net Inventory Sales $521
0.0%
Other Revenue $26,580
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $574,436
2.5%
Professional Fundraising Fees $0
Other Salaries and Wages $1,624,792
6.9%
Assets/Debt
Total Assets $63,650,952
Total Liabilities $38,381,317
Net Assets $25,269,635
Club or Co-Op Income
Income From Members $22,739,475
Income From Other Sources $104,520

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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