Minnesota Valley Electric Cooperative

Jordan, MN
Tax-exempt since Nov. 1939
EIN: 41-0419150

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Type of Nonprofit

Designated as a 501(c)(12) Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$109M (2023)

Expenses

$107M (2023)

Total Assets

$250M (2023)

Total Liabilities

$165M (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

Revenue

$108,564,734

Expenses

$107,152,255

Net Income

$1,412,479

Net Assets

$85,361,933

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$104,216,799	96.0%
Investment Income	$273,039	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$435,960	0.4%
Net Inventory Sales	-$239,051
Other Revenue	$3,877,987	3.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,415,513	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$250,122,932
Total Liabilities	$164,760,999
Net Assets	$85,361,933

Club or Co-Op Income
Income From Members	$103,869,533
Income From Other Sources	$5,085,190

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Marvin Denzer (Ceo)	$364,061	$0	$121,193
Ryan Fedie (Vp Energy Services)	$209,585	$0	$39,211
Michael Dietz (Vp Of Operations)	$175,127	$0	$61,144
Stuart Haefner (Foreman Lead)	$172,345	$0	$58,454
Sarah Peterson (Vp Of Engineering)	$172,003	$0	$16,259
Brandi Adelmann (Director Of Human Resources)	$170,360	$0	$30,172
Joseph Jutz (Foreman Construction)	$165,356	$0	$40,648
Terri Bakken (Vp Member Services)	$158,171	$0	$66,217
Ryan Hentges (Ceo Through Feb 2023)	$124,410	$0	$8,144
Randy Erdman (Vp Of Finance)	$118,539	$0	$848
Joanne Kolb (Cfo Through March 2023)	$88,071	$0	$9,194
Deborah Erickson (President)	$22,220	$0	$0
Brent Lawrence (Director)	$19,100	$0	$0
Thomas Wolf (Secretary/Treasurer)	$18,635	$0	$0
Kevin Gibbs (Vice President)	$18,410	$0	$0
Michelle Morrison (Director)	$18,245	$0	$0
James Connelly (Director)	$18,050	$0	$0
Gary Haberman (Director)	$18,050	$0	$0
Elizabeth Krocak (Director)	$13,550	$0	$0
Michael Lins (Director)	$6,000	$0	$0
William Heinlein (Director (Retired))	$4,550	$0	$0
Frances Barten (Vice President (Retired))	$4,550	$0	$0

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990

Filed on Nov. 14, 2024

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Fiscal Year Ending Dec.
2022

Revenue

$112,862,188

Expenses

$109,796,025

Net Income

$3,066,163

Net Assets

$81,346,290

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$108,269,661	95.9%
Investment Income	$210,804	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$558,921	0.5%
Net Inventory Sales	-$175,239
Other Revenue	$3,998,041	3.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,180,831	1.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$240,589,872
Total Liabilities	$159,243,582
Net Assets	$81,346,290

Club or Co-Op Income
Income From Members	$102,196,856
Income From Other Sources	$4,949,431

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Ryan Hentges (Ceo)	$328,254	$0	$117,471
Marvin Denzer (Coo/Vp Of Egineering & Operations)	$226,062	$0	$149,999
Joanne Kolb (Cfo)	$225,584	$0	$35,832
Ryan Fedie (Vp Energy Services)	$206,917	$0	$12,402
Brandi Adelmann (Director Of Human Resources)	$157,124	$0	$27,343
Michael Dietz (Operations Manager)	$155,806	$0	$85,631
Terri Bakken (Vp Member Services)	$150,879	$0	$62,986
Sarah Peterson (Engineering Manager)	$138,712	$0	$12,990
Brent Lawrence (President)	$22,206	$0	$0
Michelle Morrison (Secretary/Treasurer)	$18,806	$0	$0
Gary Haberman (Director)	$18,480	$0	$0
Frances Barten (Vice President)	$18,480	$0	$0
James Connelly (Director)	$18,000	$0	$0
Thomas Wolf (Director)	$18,000	$0	$0
William Heinlein (Director)	$18,000	$0	$0
Kevin Gibbs (Director)	$18,000	$0	$0
Deborah Erickson (Director)	$12,005	$0	$0

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990

Filed on Nov. 2, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$97,633,848

Expenses

$96,823,868

Net Income

$809,980

Net Assets

$77,679,364

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$95,182,181	97.5%
Investment Income	$222,118	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$485,500	0.5%
Net Inventory Sales	-$312,513
Other Revenue	$2,056,562	2.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,208,075	1.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$225,562,606
Total Liabilities	$147,883,242
Net Assets	$77,679,364

Club or Co-Op Income
Income From Members	$93,897,022
Income From Other Sources	$5,327,692

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Ryan Hentges (Ceo)	$283,231	$0	$110,960
Marvin Denzer (Vp Of Energy Services)	$201,279	$0	$131,341
Joanne Kolb (Vp Finance (Started March 2021))	$188,154	$0	$13,301
Joseph Jutz (Lineman)	$167,218	$0	$49,397
Bryan Ott (Maintenance)	$151,021	$0	$51,542
Michael Dietz (Operations Manager)	$148,908	$0	$87,893
Terri Bakken (Vp Member Services)	$148,808	$0	$59,454
Lee Hoese (Foreman Maintenance)	$148,794	$0	$62,019
Gerald Mareck (Vp Finance (Retired April 2021))	$142,503	$0	$9,140
Brent Lawrence (President)	$22,250	$0	$0
Michelle Morrison (Secretary/Treasurer)	$18,830	$0	$0
Frances Barten (Vice President)	$18,530	$0	$0
James Connelly (Director)	$18,050	$0	$0
Thomas Wolf (Director)	$18,050	$0	$0
William Heinlein (Director)	$18,050	$0	$0
Gary Haberman (Director)	$18,050	$0	$0
Kevin Gibbs (Director)	$18,050	$0	$0
Deborah Erickson (Director)	$13,830	$0	$0

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990

Filed on Nov. 15, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$93,961,370

Expenses

$94,080,870

Net Income

-$119,500

Net Assets

$75,722,196

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$91,139,134	97.0%
Investment Income	$117,569	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$374,643	0.4%
Net Inventory Sales	$0
Other Revenue	$2,330,024	2.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,044,571	1.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$221,519,963
Total Liabilities	$145,797,767
Net Assets	$75,722,196

Club or Co-Op Income
Income From Members	$90,948,243
Income From Other Sources	$5,245,694

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Ryan Hentges (Ceo)	$252,747	$0	$97,403
Marvin Denzer (Vp Of Energy Services)	$189,689	$0	$112,776
Gerald Mareck (Vp Finance)	$188,241	$0	$75,330
Curt Cordt (Engineering Manager)	$160,603	$0	$28,313
Steven Volek (Foreman)	$151,102	$0	$49,487
Michael Dietz (Operations Manager)	$147,042	$0	$75,523
Terri Bakken (Vp Member Services)	$145,916	$0	$49,622
Stuart Haefner (Foreman Maintenance)	$143,949	$0	$59,978
Brent Lawrence (President)	$22,250	$0	$0
Michelle Morrison (Secretary/Treasurer)	$18,830	$0	$0
Frances Barten (Vice President)	$18,410	$0	$0
Gary Haberman (Director)	$18,170	$0	$0
Kevin Gibbs (Director)	$18,050	$0	$0
Thomas Wolf (Director)	$18,050	$0	$0
William Heinlein (Director)	$18,050	$0	$0
James Connelly (Director)	$17,550	$0	$0
Deborah Erickson (Director)	$13,280	$0	$0

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990

Filed on Oct. 13, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$92,655,686

Expenses

$92,342,792

Net Income

$312,894

Net Assets

$72,508,653

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$90,257,542	97.4%
Investment Income	$205,944	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$318,584	0.3%
Net Inventory Sales	$0
Other Revenue	$1,873,616	2.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,010,244	1.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$213,393,836
Total Liabilities	$140,885,183
Net Assets	$72,508,653

Club or Co-Op Income
Income From Members	$89,455,099
Income From Other Sources	$4,951,253

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Ryan Hentges (General Manager)	$236,662	$0	$69,404
Marvin Denzer (Vp Key Accounts)	$192,519	$0	$88,340
Gerald Mareck (Vp Finance)	$184,736	$0	$61,061
Bryan Ott (One Man Maintenance)	$159,946	$0	$33,819
Steven Volek (Foreman)	$155,304	$0	$43,693
Curt Cordt (Engineering Manager)	$149,090	$0	$27,036
James Schwalbe (Foreman Lead)	$148,984	$0	$62,057
Stuart Haefner (Foreman Maintenance)	$148,545	$0	$47,627
Brent Lawrence (President)	$22,250	$0	$0
Michelle Morrison (Secretary/Treasurer)	$18,830	$0	$0
Gary Haberman (Vice President)	$18,530	$0	$0
Kevin Gibbs (Director)	$18,050	$0	$0
Thomas Wolf (Director)	$18,050	$0	$0
James Connelly (Director)	$18,050	$0	$0
Frances Barten (Director)	$18,050	$0	$0
William Heinlein (Director)	$18,050	$0	$0
Deborah Erickson (Director)	$13,900	$0	$0

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990

Filed on Oct. 16, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$96,408,322

Expenses

$96,525,782

Net Income

-$117,460

Net Assets

$70,841,829

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$92,168,041	95.6%
Investment Income	$429,508	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$66,863	0.1%
Net Inventory Sales	$0
Other Revenue	$3,743,910	3.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$938,040	1.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$203,198,407
Total Liabilities	$132,356,578
Net Assets	$70,841,829

Club or Co-Op Income
Income From Members	$92,181,293
Income From Other Sources	$6,627,546

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Ryan Hentges (General Manager)	$198,687	$0	$68,146
Marvin Denzer (Vp Key Accounts)	$186,199	$0	$87,999
Gerald Mareck (Vp Finance)	$172,616	$0	$59,864
Eddie Webster (Vp Corporate Services)	$157,016	$0	$24,226
Steven Volek (Foreman)	$152,521	$0	$46,453
Curt Cordt (Engineering Manager)	$146,454	$0	$24,594
Bryan Ott (One Man Maintenance)	$138,838	$0	$33,468
Terri Bakken (Vp Member Services)	$137,353	$0	$41,825
Brent Lawrence (President)	$22,200	$0	$0
Michelle Morrison (Secretary/Treasurer)	$18,780	$0	$0
Gary Haberman (Vice President)	$18,347	$0	$0
Kevin Gibbs (Director)	$18,134	$0	$0
Thomas Wolf (Director)	$18,000	$0	$0
James Connelly (Director)	$18,000	$0	$0
Frances Barten (Director)	$18,000	$0	$0
William Heinlein (Director)	$18,000	$0	$0
Deborah Erickson (Director)	$13,620	$0	$0

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990

Filed on Oct. 2, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$89,725,384

Expenses

$90,057,533

Net Income

-$332,149

Net Assets

$67,121,625

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$87,359,473	97.4%
Investment Income	$385,756	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$4,798	0.0%
Net Inventory Sales	$0
Other Revenue	$1,975,357	2.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$871,378	1.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$189,600,326
Total Liabilities	$122,478,701
Net Assets	$67,121,625

Club or Co-Op Income
Income From Members	$87,811,653
Income From Other Sources	$6,964,222

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Ryan Hentges (General Manager)	$209,955	$0	$57,860
Marvin Denzer (Vp Key Accounts)	$176,520	$0	$68,721
Daryl Hoffman (Vp Operations)	$176,360	$0	$19,808
Gerald Mareck (Vp Finance)	$153,540	$0	$58,098
Steven Volek (Foreman)	$151,459	$0	$43,099
Eddie Webster (Vp Corporate Services)	$142,578	$0	$21,251
Curt Cordt (Engineering Manager)	$140,765	$0	$24,004
Lee Hoese (Foreman)	$139,411	$0	$31,876
Brent Lawrence (President)	$18,030	$0	$0
Gary Haberman (Director)	$15,710	$0	$0
Deborah Erickson (Director)	$15,005	$0	$0
William Heinlein (Director)	$14,065	$0	$0
James Connelly (Director)	$12,890	$0	$0
Thomas Wolf (Director)	$11,950	$0	$0
Michelle Morrison (Secretary/Treasurer)	$11,790	$0	$0
Frances Barten (Director)	$11,245	$0	$0
Kevin Gibbs (Vice President)	$11,020	$0	$0

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990

Filed on Aug. 8, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$87,635,360

Expenses

$89,451,533

Net Income

-$1,816,173

Net Assets

$65,069,210

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$84,303,805	96.2%
Investment Income	$139,975	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$15,574	0.0%
Net Inventory Sales	$0
Other Revenue	$3,176,006	3.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,377,191	1.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$186,410,162
Total Liabilities	$121,340,952
Net Assets	$65,069,210

Club or Co-Op Income
Income From Members	$86,011,573
Income From Other Sources	$3,409,399

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Roger Geckler (General Manager)	$537,227	$0	$67,688
Ryan Hentges (General Manager)	$196,572	$0	$46,714
Marvin Denzer (Vp Key Accounts)	$166,425	$0	$62,258
Daryl Hoffman (Vp Operations)	$147,610	$0	$57,314
Gerald Mareck (Vp Finance)	$147,585	$0	$78,017
Terri Bakken (Vp Member Services)	$129,204	$0	$33,004
Steven Volek (Foreman)	$125,813	$0	$18,927
Bryan Ott (Foreman)	$121,332	$0	$24,968
Randy Breeggeemann (Foreman)	$119,304	$0	$50,256
Brent Lawrence (President)	$18,685	$0	$0
Deborah Erickson (Director)	$14,485	$0	$0
William Heinlein (Director)	$13,310	$0	$0
Thomas Wolf (Director)	$13,195	$0	$0
Michelle Morrison (Secretary/Treasurer)	$13,150	$0	$0
Kevin Gibbs (Vice President)	$12,965	$0	$0
Gary Haberman (Director)	$12,840	$0	$0
James Connelly (Director)	$11,195	$0	$0
Frances Barten (Director)	$10,725	$0	$0

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990

Filed on Aug. 10, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$78,589,739

Expenses

$78,153,287

Net Income

$436,452

Net Assets

$61,871,633

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$76,893,192	97.8%
Investment Income	$140,497	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$41,620	0.1%
Net Inventory Sales	$0
Other Revenue	$1,514,430	1.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,247,558	1.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$172,078,378
Total Liabilities	$110,206,745
Net Assets	$61,871,633

Club or Co-Op Income
Income From Members	$77,698,153
Income From Other Sources	$3,120,697

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Roger Geckler (General Manager)	$364,536	$0	$85,049
Ryan Hentges (Assistant General Manager)	$161,465	$0	$38,479
Marvin Denzer (Vp Key Accounts)	$161,456	$0	$57,150
Daryl Hoffman (Vp Operations)	$143,748	$0	$43,639
Gerald Mareck (Vp Finance)	$140,096	$0	$73,346
Terri Bakken (Vp Member Services)	$125,264	$0	$31,308
Bryan Ott (Foreman)	$119,827	$0	$22,291
Stuart Haefner (Foreman)	$112,719	$0	$40,729
Randy Breeggeemann (Foreman)	$109,635	$0	$44,185
Brent Lawrence (President)	$21,445	$0	$0
Michelle Morrison (Secretary/Treasurer)	$17,000	$0	$0
Gary Haberman (Director)	$16,180	$0	$0
Deborah Erickson (Director)	$15,945	$0	$0
Thomas Wolf (Vice President)	$15,560	$0	$0
James Connelly (Director)	$14,900	$0	$0
William Heinlein (Director)	$14,890	$0	$0
Frances Barten (Director)	$14,300	$0	$0
Kevin Gibbs (Director)	$12,735	$0	$0
Robert Hauer (Director)	$8,855	$0	$0

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990

Filed on Aug. 5, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$76,513,147

Expenses

$75,736,387

Net Income

$776,760

Net Assets

$60,501,986

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$74,524,797	97.4%
Investment Income	$217,611	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$67,207	0.1%
Net Inventory Sales	$0
Other Revenue	$1,703,532	2.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$927,324	1.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$151,875,070
Total Liabilities	$91,373,084
Net Assets	$60,501,986

Club or Co-Op Income
Income From Members	$73,531,929
Income From Other Sources	$4,715,101

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Roger Geckler (General Manager)	$300,809	$0	$85,150
Marvin Denzer (Vp Key Accounts)	$153,958	$0	$49,559
Ryan Hentges (Vp Corporate Services)	$141,293	$0	$33,809
Daryl Hoffman (Vp Operations)	$136,533	$0	$112,444
Gerald Mareck (Vp Finance)	$135,458	$0	$66,318
Terri Bakken (Vp Member Services)	$121,377	$0	$24,982
Bryan Ott (Foreman)	$115,907	$0	$19,153
Steven Volek (Foreman)	$110,964	$0	$53,422
Brent Lawrence (President)	$18,945	$0	$0
Michelle Morrison (Director)	$17,375	$0	$0
Gary Haberman (Director)	$15,125	$0	$0
Deborah Erickson (Director)	$14,670	$0	$0
Thomas Wolf (Secretary/Treasurer)	$14,065	$0	$0
William Heinlein (Director)	$13,595	$0	$0
James Connelly (Vice President)	$13,370	$0	$0
Robert Hauer (Director)	$12,775	$0	$0
Frances Barten (Director)	$11,950	$0	$0

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990

Filed on Aug. 6, 2015

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$75,653,128

Expenses

$75,438,470

Net Income

$214,658

Net Assets

$58,339,883

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$73,185,798	96.7%
Investment Income	$355,774	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$37,827	0.1%
Net Inventory Sales	$0
Other Revenue	$2,073,729	2.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$715,155	0.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$146,204,264
Total Liabilities	$87,864,381
Net Assets	$58,339,883

Club or Co-Op Income
Income From Members	$72,635,307
Income From Other Sources	$4,770,196

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Roger Geckler (General Manager)	$301,454	$0	$87,259
Marvin Denzer (Vp Energy Services)	$146,018	$0	$52,864
Ryan Hentges (Vp Corporate Services)	$136,465	$0	$35,887
Gerald Mareck (Vp Finance)	$133,619	$0	$67,046
Daryl Hoffman (Operations Manager)	$120,805	$0	$106,186
Terri Bakken (Vp Member Services)	$114,909	$0	$28,892
Bryan Ott (Foreman)	$102,223	$0	$21,448
Michelle Morrison (President)	$26,025	$0	$0
Deborah Erickson (Vice President)	$16,080	$0	$0
Brent Lawrence (Secretary/Treasurer)	$15,125	$0	$0
Robert Hauer (Director)	$14,300	$0	$0
William Heinlein (Director)	$14,065	$0	$0
Frances Barten (Director)	$13,360	$0	$0
Thomas Wolf (Director)	$13,325	$0	$0
James Connelly (Director)	$12,890	$0	$0
Gary Haberman (Director)	$10,668	$0	$0
Thomas Graham (Director Retired)	$2,847	$0	$0

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990

Filed on Aug. 1, 2014

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$72,055,812

Expenses

$71,590,938

Net Income

$464,874

Net Assets

$55,497,813

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$68,470,596	95.0%
Investment Income	$234,453	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$21,193	0.0%
Net Inventory Sales	$0
Other Revenue	$3,329,570	4.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$673,897	0.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$143,290,562
Total Liabilities	$87,792,749
Net Assets	$55,497,813

Club or Co-Op Income
Income From Members	$68,397,904
Income From Other Sources	$3,707,449

990

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$69,412,855

Expenses

$68,966,570

Net Income

$446,285

Net Assets

$52,305,090

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$67,158,409	96.8%
Investment Income	$250,843	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$29,835
Net Inventory Sales	$0
Other Revenue	$2,033,438	2.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,641,335	2.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$137,188,201
Total Liabilities	$84,883,111
Net Assets	$52,305,090

Club or Co-Op Income
Income From Members	$66,606,662
Income From Other Sources	$1,943,839

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.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

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.

Updated December 20, 2024

Minnesota Valley Electric Cooperative

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $109M (2023)

Expenses $107M (2023)

Total Assets $250M (2023)

Total Liabilities $165M (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Revenue

$109M (2023)

Expenses

$107M (2023)

Total Assets

$250M (2023)

Total Liabilities

$165M (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004