Liabilities / Assets
33rd percentile
Tied with the lowest-debt nonprofits in its peer group.
Midwest Internet Cooperative Exchange LLC
990EZ • Fiscal year 2022 • EIN 27-3681095
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
34th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
99th percentile
Higher net margin than 99% of similar nonprofits.
Top Officer Pay
77th percentile
Higher top officer pay than 77% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
95th percentile
Faster asset growth than 95% of similar nonprofits.
Revenue Growth
90th percentile
Faster revenue growth than 90% of similar nonprofits.
Balance Sheet
Assets
Up$476,754
Up $156,153 (+49%) from 2021
Net Assets
Up$476,754
Up $156,153 (+49%) from 2021
Liabilities
Flat$0
Flat from 2021
Revenue And Expenses
Revenue
Up$196,705
Up $54,527 (+38%) from 2021
Expenses
Down$40,323
Down $64,932 (-62%) from 2021
Net Income
Up$156,382
Up $119,459 (+324%) from 2021
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2022 to Dec 31, 2022
- Signed
- Nov 2, 2023
- Return Version
- 2022v5.0
- Gross Receipts
- $196,705
Mission and Program Overview
Mission
To improve internet connectivity, increase performance and reduce cost by keeping internet traffic local in the upper midwest.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| TO IMPROVE INTERNET CONNECTIVITY, INCREASE PERFORMANCE AND REDUCE COST BY KEEPING INTERNET TRAFFIC LOCAL IN THE UPPER MIDWEST. | $0 | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| RICHARD LAAGER | Director & Chief Manager | PT | $0 | - | - |
| ANTHONY ANDERBERG | Director, Treasurer & Secretary | - | $0 | - | - |
| REID FISHLER | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Midwest Internet Cooperative Exchange
- EIN
- 27-3681095
- Phone
- 2184365203
- Address
- PO BOX 583782, MINNEAPOLIS, MN 55458-3782
Signing Officer
- Name
- Richard Laager
- Title
- Chief Manager
- Phone
- 2184365203
- Signed
- 2023-11-02
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Olsen Thielen & Co Ltd
- Address
- 2675 LONG LAKE ROAD, ROSEVILLE, MN 55113-1117
- Preparer
- Ryan Vettrus CPA
- Phone
- 6514834521
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: computer & it. Amount: 50. Description: bank fees. Amount: 1,622. Description: bad debt. Amount: 193. Description: registration fees. Amount: 250. Description: insurance. Amount: 1,805. Total to form 990-ez, line 16: 3,920.”
Form 990-ez, Part I, Line 20 - Other Changes in Net Assets
“Description: prior period adjustment. Amount: -229.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: accounts receivable. Beg. Of year amount: 4,000. End of year amount: -921. Description: other depreciable assets. Beg. Of year amount: 29,815. End of year amount: 29,815.”
Form 990-ez, Part V, Line 34
“The bylaws were amended march 11, 2022 in four ways: 1) to cap the member meeting quorum requirement at 10 members. 2) to codify our longstanding practice that multiple corporate entities which are affiliated (i.e. Common ownership) only get one vote. 3) remove duplication in the "action without a meeting" section. 4) replace the procedure for director removal/replacement to correct deficiencies by recommendation of our legal counsel.”
Raw XML Appendix116 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | OLSEN THIELEN |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 6514834521 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 2675 LONG LAKE ROAD |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | ROSEVILLE |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 551131117 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 286786 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 447860 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 1 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 156382 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 4471 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 320601 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 476754 |
| IRS990EZ/GrossReceiptsAmt | 0 | 196705 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 320601 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 476754 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 320601 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 476754 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 31932 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 3.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | RICHARD LAAGER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | ANTHONY ANDERBERG |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | REID FISHLER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | DIRECTOR & CHIEF MANAGER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | DIRECTOR, TREASURER & SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 33815 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 28894 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | -229 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 3920 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO IMPROVE INTERNET CONNECTIVITY, INCREASE PERFORMANCE AND REDUCE COST BY KEEPING INTERNET TRAFFIC LOCAL IN THE UPPER MIDWEST. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 196705 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | TO IMPROVE INTERNET CONNECTIVITY, INCREASE PERFORMANCE AND REDUCE COST BY KEEPING INTERNET TRAFFIC LOCAL IN THE UPPER MIDWEST. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 40323 |
| IRS990EZ/TotalRevenueAmt | 0 | 196705 |
| IRS990EZ/TypeOfOrganizationOtherDesc | 0 | COOPERATIVE |
| IRS990EZ/TypeOfOrganizationOtherInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | MICEMN.NET |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: COMPUTER & IT. AMOUNT: 50. DESCRIPTION: BANK FEES. AMOUNT: 1,622. DESCRIPTION: BAD DEBT. AMOUNT: 193. DESCRIPTION: REGISTRATION FEES. AMOUNT: 250. DESCRIPTION: INSURANCE. AMOUNT: 1,805. TOTAL TO FORM 990-EZ, LINE 16: 3,920. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: PRIOR PERIOD ADJUSTMENT. AMOUNT: -229. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 4,000. END OF YEAR AMOUNT: -921. DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 29,815. END OF YEAR AMOUNT: 29,815. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE BYLAWS WERE AMENDED MARCH 11, 2022 IN FOUR WAYS: 1) TO CAP THE MEMBER MEETING QUORUM REQUIREMENT AT 10 MEMBERS. 2) TO CODIFY OUR LONGSTANDING PRACTICE THAT MULTIPLE CORPORATE ENTITIES WHICH ARE AFFILIATED (I.E. COMMON OWNERSHIP) ONLY GET ONE VOTE. 3) REMOVE DUPLICATION IN THE "ACTION WITHOUT A MEETING" SECTION. 4) REPLACE THE PROCEDURE FOR DIRECTOR REMOVAL/REPLACEMENT TO CORRECT DEFICIENCIES BY RECOMMENDATION OF OUR LEGAL COUNSEL. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART V, LINE 34 |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 2 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | RICHARD LAAGER |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CHIEF MANAGER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2184365203 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-11-02 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | MIDWEST INTERNET COOPERATIVE EXCHANGE |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MIDW |
| ReturnHeader/Filer/EIN | 0 | 273681095 |
| ReturnHeader/Filer/PhoneNum | 0 | 2184365203 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 583782 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | MINNEAPOLIS |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 554583782 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 0 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 411360831 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | OLSEN THIELEN & CO LTD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 2675 LONG LAKE ROAD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | ROSEVILLE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 551131117 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6514834521 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | RYAN VETTRUS CPA |
| ReturnHeader/ReturnTs | 0 | 2023-11-06T14:05:15-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | RICHARD |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | LAAGER |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2022-12-31 |
| ReturnHeader/TaxYr | 0 | 2022 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $476,754
- Liabilities
- $0
- Net assets
- $476,754
- Revenue
- $196,705
- Expenses
- $40,323
- Net income
- $156,382