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Southern Minnesota Energy Cooperative

Organization summary

Type of Nonprofit

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

Category: Mutual/Membership Benefit Organizations, Other / Local Benevolent Life Insurance Associations, Mutual Irrigation and Telephone Companies, and Like Organizations (NTEE)

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$70.3M (2022)

Expenses
$70.3M (2022)

Total Assets
$10M (2022)

Total Liabilities
$6.73M (2022)

Source: Form 990 tax filings from 2015 to 2022

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.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$70,310,993
Expenses
$70,310,993
Net Income
$0
Net Assets
$3,308,570
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $69,859,035
99.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $451,958
0.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $20,738
0.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,036,606
Total Liabilities $6,728,036
Net Assets $3,308,570
Club or Co-Op Income
Income From Members $69,935,385
Income From Other Sources $375,608
Compensation
Key Employees and Officers Compensation Related Other
Richard Burud (Ceo) $20,738 $0 $0
Brian Krambeer (President) $0 $0 $0
Adam Tromblay (Vice President) $0 $0 $0
Jim Krueger (Treasurer) $0 $0 $0
Syd Briggs (Director) $0 $0 $0
Ryan Hentges (Secretary) $0 $0 $0
Ron Horman (Director) $0 $0 $0
Tim Mccarthy (Director) $0 $0 $0
Scott Reimer (Director) $0 $0 $0
Dave Sunderman (Director) $0 $0 $0
Mike Heidemann (Director) $0 $0 $0
Mike Henke (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$58,900,363
Expenses
$58,900,363
Net Income
$0
Net Assets
$4,344,780
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $58,809,552
99.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $90,811
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $18,990
0.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,747,193
Total Liabilities $6,402,413
Net Assets $4,344,780
Club or Co-Op Income
Income From Members $58,809,552
Income From Other Sources $502
Compensation
Key Employees and Officers Compensation Related Other
Richard Burud (Ceo) $18,990 $0 $0
Brian Krambeer (President) $0 $0 $0
Adam Tromblay (Vice President) $0 $0 $0
Jim Krueger (Treasurer) $0 $0 $0
Syd Briggs (Director) $0 $0 $0
Ryan Hentges (Secretary) $0 $0 $0
Ron Horman (Director) $0 $0 $0
Tim Mccarthy (Director) $0 $0 $0
Scott Reimer (Director) $0 $0 $0
Dave Sunderman (Director) $0 $0 $0
Mike Heidemann (Director) $0 $0 $0
Mike Henke (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$56,545,443
Expenses
$56,545,443
Net Income
$0
Net Assets
$4,811,133
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $56,470,689
99.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $74,754
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $16,480
0.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,207,251
Total Liabilities $5,396,118
Net Assets $4,811,133
Club or Co-Op Income
Income From Members $56,470,689
Income From Other Sources $986
Compensation
Key Employees and Officers Compensation Related Other
Richard Burud (Ceo) $16,480 $0 $0
Brian Krambeer (President) $0 $0 $0
Adam Tromblay (Vice President) $0 $0 $0
Jim Krueger (Treasurer) $0 $0 $0
Syd Briggs (Director) $0 $0 $0
Ryan Hentges (Secretary) $0 $0 $0
Ron Horman (Director) $0 $0 $0
Tim Mccarthy (Director) $0 $0 $0
Scott Reimer (Director) $0 $0 $0
Dave Sunderman (Director) $0 $0 $0
Mike Heidemann (Director) $0 $0 $0
Mike Henke (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$63,745,175
Expenses
$63,745,175
Net Income
$0
Net Assets
$4,642,627
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $63,652,925
99.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $92,250
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $22,673
0.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,841,713
Total Liabilities $6,199,086
Net Assets $4,642,627
Club or Co-Op Income
Income From Members $63,652,925
Income From Other Sources $379
Compensation
Key Employees and Officers Compensation Related Other
Richard Burud (Ceo) $22,673 $0 $0
Brian Krambeer (President) $0 $0 $0
Adam Tromblay (Vice President) $0 $0 $0
Elaine J Garry (Director (Thru September)) $0 $0 $0
Jim Krueger (Treasurer) $0 $0 $0
Syd Briggs (Director) $0 $0 $0
Ryan Hentges (Secretary) $0 $0 $0
Ron Horman (Director) $0 $0 $0
Tim Mccarthy (Director) $0 $0 $0
Scott Reimer (Director) $0 $0 $0
Dave Sunderman (Director) $0 $0 $0
Mike Heidemann (Director) $0 $0 $0
Mike Henke (Director (Starting October)) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$66,139,159
Expenses
$66,139,159
Net Income
$0
Net Assets
$2,981,985
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $66,067,121
99.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $72,038
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $33,275
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $9,631,043
Total Liabilities $6,649,058
Net Assets $2,981,985
Club or Co-Op Income
Income From Members $66,067,121
Income From Other Sources $2,477
Compensation
Key Employees and Officers Compensation Related Other
Richard Burud (Ceo) $33,275 $0 $0
Brian Krambeer (President) $0 $0 $0
Adam Tromblay (Vice President) $0 $0 $0
Elaine J Garry (Secretary) $0 $0 $0
Jim Krueger (Treasurer) $0 $0 $0
Syd Briggs (Director) $0 $0 $0
Ryan Hentges (Director) $0 $0 $0
Ron Horman (Director) $0 $0 $0
Tim Mccarthy (Director) $0 $0 $0
Scott Reimer (Director) $0 $0 $0
Dave Sunderman (Director) $0 $0 $0
Mike Heidemann (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$65,175,902
Expenses
$65,175,903
Net Income
-$1
Net Assets
$1,854,856
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $65,110,386
99.9%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $65,516
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $40,744
0.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $8,874,024
Total Liabilities $7,019,168
Net Assets $1,854,856
Club or Co-Op Income
Income From Members $65,110,386
Income From Other Sources $1,452
Compensation
Key Employees and Officers Compensation Related Other
Richard Burud (Ceo) $40,744 $0 $0
Brian Krambeer (President) $0 $0 $0
Adam Tromblay (Vice President) $0 $0 $0
Elaine J Garry (Secretary) $0 $0 $0
Jim Krueger (Treasurer) $0 $0 $0
Syd Briggs (Director) $0 $0 $0
Ryan Hentges (Director) $0 $0 $0
Ron Horman (Director) $0 $0 $0
Tim Mccarthy (Director) $0 $0 $0
Scott Reimer (Director) $0 $0 $0
Dave Sunderman (Director) $0 $0 $0
Mike Heidemann (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$63,265,761
Expenses
$63,265,761
Net Income
$0
Net Assets
$726,232
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $63,073,489
99.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $192,272
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $21,850
0.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $7,060,512
Total Liabilities $6,334,280
Net Assets $726,232
Club or Co-Op Income
Income From Members $63,073,489
Income From Other Sources $192,270
Compensation
Key Employees and Officers Compensation Related Other
Richard Burud (Ceo) $21,850 $0 $0
Brian Krambeer (President) $0 $0 $0
Wade Hensel (Vice President) $0 $0 $0
Elaine J Garry (Secretary) $0 $0 $0
Jim Krueger (Treasurer) $0 $0 $0
Syd Briggs (Director) $0 $0 $0
Ryan Hentges (Director) $0 $0 $0
Ron Horman (Director) $0 $0 $0
Tim Mccarthy (Director) $0 $0 $0
Scott Reimer (Director) $0 $0 $0
Adam Tromblay (Director) $0 $0 $0
Roger Geckler (Director Retired) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$33,889,288
Expenses
$33,889,288
Net Income
$0
Net Assets
$441,732
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $33,804,400
99.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $4,983
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $79,905
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $16,567,284
Total Liabilities $16,125,552
Net Assets $441,732
Club or Co-Op Income
Income From Members $33,753,396
Income From Other Sources $6,196

Document Links

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 »

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