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Employer Identification Number 41-0558175

STEARNS COOPERATIVE ELECTRIC ASSOCIATION is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:STEARNS COOPERATIVE ELECTRIC ASSOCIATION
Employer identification number (EIN):41-0558175
EIN Issuing AuthorityPhiladelphia, PA
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementGENERATION AND PURCHASE OF ELECTRICITY FOR DISTRIBUTION ON A COOPERATIVE BASIS TO MEMBERS.
Number of Employees72
Number of Volunteers36
Year Formed1937

Organization Governance

Legal DomicileMN
Voting Members - Governing Body9
Voting Members - Independent9

Organization Financials

2022-12-31
Total unrelated business incomeUSD $ 19,273
Net unrelated business incomeUSD $ 3,773
Program Service Revenue from prior yearUSD $ 61,943,099
Program Service Revenue from current yearUSD $ 62,743,968
Investment Income from prior yearUSD $ 351,430
Investment Income from current yearUSD $ 364,078
Other Revenue from prior yearUSD $ 3,087,418
Other Revenue from current yearUSD $ 1,243,906
Gross receipts from all sourcesUSD $ 64,606,320
Net assets / fund balances at end of fiscal yearUSD $ 75,719,079
Net assets / fund balances at beginning of fiscal yearUSD $ 73,571,833
Total liabilities at end of fiscal yearUSD $ 82,181,273
Total liabilities at beginning of fiscal yearUSD $ 80,385,184
Total assets at end of fiscal yearUSD $ 157,900,352
Total assets at beginning of fiscal yearUSD $ 153,957,017
Revenues less expenses for current yearUSD $ 0
Revenues less expenses for previous yearUSD $ 0
Total expenses for current yearUSD $ 64,351,952
Total expenses for previous yearUSD $ 65,381,947
Other expenses in current yearUSD $ 59,330,311
Other expenses in previous yearUSD $ 58,998,998
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 977,771
Employee salary and benefits paid in previous yearUSD $ 984,669
Benefits paid to or for members in current yearUSD $ 4,043,870
Benefits paid to or for members in previous yearUSD $ 5,398,280
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 64,351,952
Total revenue in previous fiscal yearUSD $ 65,381,947
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 226,172
Gross sales of inventory assetsUSD $ 246,322
Total of other revenueUSD $ 1,202,089
2021-12-31
Total unrelated business incomeUSD $ 220,018
Net unrelated business incomeUSD $ 219,018
Program Service Revenue from prior yearUSD $ 59,677,520
Program Service Revenue from current yearUSD $ 61,943,099
Investment Income from prior yearUSD $ 162,601
Investment Income from current yearUSD $ 351,430
Other Revenue from prior yearUSD $ 1,424,927
Other Revenue from current yearUSD $ 3,087,418
Gross receipts from all sourcesUSD $ 66,118,417
Net assets / fund balances at end of fiscal yearUSD $ 73,571,833
Net assets / fund balances at beginning of fiscal yearUSD $ 70,155,116
Total liabilities at end of fiscal yearUSD $ 80,385,184
Total liabilities at beginning of fiscal yearUSD $ 77,588,806
Total assets at end of fiscal yearUSD $ 153,957,017
Total assets at beginning of fiscal yearUSD $ 147,743,922
Revenues less expenses for current yearUSD $ 0
Revenues less expenses for previous yearUSD $ 0
Total expenses for current yearUSD $ 65,381,947
Total expenses for previous yearUSD $ 61,265,048
Other expenses in current yearUSD $ 58,998,998
Other expenses in previous yearUSD $ 56,537,211
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 984,669
Employee salary and benefits paid in previous yearUSD $ 950,459
Benefits paid to or for members in current yearUSD $ 5,398,280
Benefits paid to or for members in previous yearUSD $ 3,777,378
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 65,381,947
Total revenue in previous fiscal yearUSD $ 61,265,048
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 146,894
Gross sales of inventory assetsUSD $ 161,096
Total of other revenueUSD $ 3,053,593
2020-12-31
Total unrelated business incomeUSD $ 410
Net unrelated business incomeUSD $ 13,619
Program Service Revenue from prior yearUSD $ 59,447,919
Program Service Revenue from current yearUSD $ 59,677,520
Investment Income from prior yearUSD $ 352,744
Investment Income from current yearUSD $ 162,601
Other Revenue from prior yearUSD $ 1,098,788
Other Revenue from current yearUSD $ 1,424,927
Gross receipts from all sourcesUSD $ 61,507,880
Net assets / fund balances at end of fiscal yearUSD $ 70,155,116
Net assets / fund balances at beginning of fiscal yearUSD $ 68,305,177
Total liabilities at end of fiscal yearUSD $ 77,588,806
Total liabilities at beginning of fiscal yearUSD $ 73,803,403
Total assets at end of fiscal yearUSD $ 147,743,922
Total assets at beginning of fiscal yearUSD $ 142,108,580
Revenues less expenses for current yearUSD $ 0
Revenues less expenses for previous yearUSD $ 0
Total expenses for current yearUSD $ 61,265,048
Total expenses for previous yearUSD $ 60,899,451
Other expenses in current yearUSD $ 56,537,211
Other expenses in previous yearUSD $ 56,201,988
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 950,459
Employee salary and benefits paid in previous yearUSD $ 884,133
Benefits paid to or for members in current yearUSD $ 3,777,378
Benefits paid to or for members in previous yearUSD $ 3,813,330
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 61,265,048
Total revenue in previous fiscal yearUSD $ 60,899,451
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 150,605
Gross sales of inventory assetsUSD $ 167,401
Total of other revenueUSD $ 1,390,365
2019-12-31
Total unrelated business incomeUSD $ 8,754
Net unrelated business incomeUSD $ 29,190
Program Service Revenue from prior yearUSD $ 58,600,471
Program Service Revenue from current yearUSD $ 59,447,919
Investment Income from prior yearUSD $ 442,993
Investment Income from current yearUSD $ 352,744
Other Revenue from prior yearUSD $ 1,338,335
Other Revenue from current yearUSD $ 1,098,788
Gross receipts from all sourcesUSD $ 61,094,939
Net assets / fund balances at end of fiscal yearUSD $ 68,305,177
Net assets / fund balances at beginning of fiscal yearUSD $ 65,907,383
Total liabilities at end of fiscal yearUSD $ 73,803,403
Total liabilities at beginning of fiscal yearUSD $ 71,666,099
Total assets at end of fiscal yearUSD $ 142,108,580
Total assets at beginning of fiscal yearUSD $ 137,573,482
Revenues less expenses for current yearUSD $ 0
Revenues less expenses for previous yearUSD $ 0
Total expenses for current yearUSD $ 60,899,451
Total expenses for previous yearUSD $ 60,381,799
Other expenses in current yearUSD $ 56,201,988
Other expenses in previous yearUSD $ 55,878,965
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 884,133
Employee salary and benefits paid in previous yearUSD $ 626,535
Benefits paid to or for members in current yearUSD $ 3,813,330
Benefits paid to or for members in previous yearUSD $ 3,876,299
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 60,899,451
Total revenue in previous fiscal yearUSD $ 60,381,799
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 188,506
Gross sales of inventory assetsUSD $ 203,512
Total of other revenueUSD $ 1,066,925
2018-12-31
Total unrelated business incomeUSD $ -73,057
Net unrelated business incomeUSD $ 13,412
Program Service Revenue from prior yearUSD $ 55,786,579
Program Service Revenue from current yearUSD $ 58,600,471
Investment Income from prior yearUSD $ 433,562
Investment Income from current yearUSD $ 442,993
Other Revenue from prior yearUSD $ 2,142,229
Other Revenue from current yearUSD $ 1,338,335
Gross receipts from all sourcesUSD $ 60,559,118
Net assets / fund balances at end of fiscal yearUSD $ 65,907,383
Net assets / fund balances at beginning of fiscal yearUSD $ 63,430,944
Total liabilities at end of fiscal yearUSD $ 71,666,099
Total liabilities at beginning of fiscal yearUSD $ 72,177,061
Total assets at end of fiscal yearUSD $ 137,573,482
Total assets at beginning of fiscal yearUSD $ 135,608,005
Revenues less expenses for current yearUSD $ 0
Revenues less expenses for previous yearUSD $ 0
Total expenses for current yearUSD $ 60,381,799
Total expenses for previous yearUSD $ 58,362,370
Other expenses in current yearUSD $ 55,878,965
Other expenses in previous yearUSD $ 54,069,781
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 626,535
Employee salary and benefits paid in previous yearUSD $ 543,070
Benefits paid to or for members in current yearUSD $ 3,876,299
Benefits paid to or for members in previous yearUSD $ 3,749,519
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 60,381,799
Total revenue in previous fiscal yearUSD $ 58,362,370
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 152,832
Gross sales of inventory assetsUSD $ 168,018
Total of other revenueUSD $ 1,303,504
2017-12-31
Total unrelated business incomeUSD $ 290,177
Net unrelated business incomeUSD $ 29,103
Program Service Revenue from prior yearUSD $ 55,101,565
Program Service Revenue from current yearUSD $ 55,786,579
Investment Income from prior yearUSD $ 478,595
Investment Income from current yearUSD $ 433,562
Other Revenue from prior yearUSD $ 2,180,615
Other Revenue from current yearUSD $ 2,142,229
Gross receipts from all sourcesUSD $ 58,643,007
Net assets / fund balances at end of fiscal yearUSD $ 63,430,944
Net assets / fund balances at beginning of fiscal yearUSD $ 60,984,486
Total liabilities at end of fiscal yearUSD $ 72,177,061
Total liabilities at beginning of fiscal yearUSD $ 72,157,930
Total assets at end of fiscal yearUSD $ 135,608,005
Total assets at beginning of fiscal yearUSD $ 133,142,416
Revenues less expenses for current yearUSD $ 0
Revenues less expenses for previous yearUSD $ 0
Total expenses for current yearUSD $ 58,362,370
Total expenses for previous yearUSD $ 57,760,775
Other expenses in current yearUSD $ 54,069,781
Other expenses in previous yearUSD $ 53,106,814
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 543,070
Employee salary and benefits paid in previous yearUSD $ 510,904
Benefits paid to or for members in current yearUSD $ 3,749,519
Benefits paid to or for members in previous yearUSD $ 4,143,057
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 58,362,370
Total revenue in previous fiscal yearUSD $ 57,760,775
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 221,257
Gross sales of inventory assetsUSD $ 239,112
Total of other revenueUSD $ 2,105,750
2016-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 53,085,669
Program Service Revenue from current yearUSD $ 55,101,565
Investment Income from prior yearUSD $ 484,160
Investment Income from current yearUSD $ 478,595
Other Revenue from prior yearUSD $ 1,176,988
Other Revenue from current yearUSD $ 2,180,615
Gross receipts from all sourcesUSD $ 58,010,936
Net assets / fund balances at end of fiscal yearUSD $ 60,984,486
Net assets / fund balances at beginning of fiscal yearUSD $ 57,972,700
Total liabilities at end of fiscal yearUSD $ 72,157,930
Total liabilities at beginning of fiscal yearUSD $ 69,642,382
Total assets at end of fiscal yearUSD $ 133,142,416
Total assets at beginning of fiscal yearUSD $ 127,615,082
Revenues less expenses for current yearUSD $ 0
Revenues less expenses for previous yearUSD $ 0
Total expenses for current yearUSD $ 57,760,775
Total expenses for previous yearUSD $ 54,746,817
Other expenses in current yearUSD $ 53,106,814
Other expenses in previous yearUSD $ 51,214,332
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 510,904
Employee salary and benefits paid in previous yearUSD $ 364,727
Benefits paid to or for members in current yearUSD $ 4,143,057
Benefits paid to or for members in previous yearUSD $ 3,167,758
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 57,760,775
Total revenue in previous fiscal yearUSD $ 54,746,817
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 221,848
Gross sales of inventory assetsUSD $ 226,229
Total of other revenueUSD $ 2,153,325

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 410558175

USA Mailing Address
900 KRAFT DR SE
MELROSE
MN
56352
Date first seen: 2007-07-01
Date last seen: 2024-06-30

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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