Civic Intelligence

Agralite Electric Cooperative

990 • Fiscal year 2021 • EIN 41-0560428

Jan 01, 2021 to Dec 31, 2021 • Filed on Jun 14, 2022

PO Box 228Benson, MN 56215

(320) 843-4150

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

75th percentile

0.59x

Higher debt load relative to assets than 75% of similar nonprofits.

2021 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2021

Liabilities / Revenue

67th percentile

1.64x

Higher debt load relative to revenue than 67% of similar nonprofits.

2021 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2021

Net Margin

66th percentile

4.1%

Higher net margin than 66% of similar nonprofits.

2021 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2021

Top Officer Pay

86th percentile

$382,284

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2021 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2021

Asset Growth

65th percentile

4.6%

Faster asset growth than 65% of similar nonprofits.

2021 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Revenue Growth

71st percentile

7.5%

Faster revenue growth than 71% of similar nonprofits.

2021 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Assets

Up

$69,462,503

Up $3,064,112 (+4.6%) from 2020

Net Assets

Up

$28,618,182

Up $1,166,823 (+4.3%) from 2020

Liabilities

Up

$40,844,321

Up $1,897,289 (+4.9%) from 2020

Revenue

Up

$24,861,344

Up $1,731,907 (+7.5%) from 2020

Expenses

Up

$23,842,283

Up $1,153,805 (+5.1%) from 2020

Net Income

Up

$1,019,061

Up $578,102 (+131%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0Assets 2010: $42,661,847Liabilities 2010: $24,198,106Net Assets 2010: $18,463,7412010Assets 2011: $46,243,037Liabilities 2011: $27,426,492Net Assets 2011: $18,816,5452011Assets 2012: $46,414,750Liabilities 2012: $26,293,701Net Assets 2012: $20,121,0492012Assets 2013: $46,428,214Liabilities 2013: $25,161,802Net Assets 2013: $21,266,4122013Assets 2014: $48,287,532Liabilities 2014: $26,177,692Net Assets 2014: $22,109,8402014Assets 2015: $50,570,650Liabilities 2015: $28,161,414Net Assets 2015: $22,409,2362015Assets 2016: $50,910,165Liabilities 2016: $28,061,243Net Assets 2016: $22,848,9222016Assets 2017: $53,402,629Liabilities 2017: $29,436,177Net Assets 2017: $23,966,4522017Assets 2018: $55,721,404Liabilities 2018: $29,984,333Net Assets 2018: $25,737,0712018Assets 2019: $61,014,368Liabilities 2019: $34,572,157Net Assets 2019: $26,442,2112019Assets 2020: $66,398,391Liabilities 2020: $38,947,032Net Assets 2020: $27,451,3592020Assets 2021: $69,462,503Liabilities 2021: $40,844,321Net Assets 2021: $28,618,1822021Assets 2022: $70,519,941Liabilities 2022: $40,805,066Net Assets 2022: $29,714,8752022Assets 2023: $73,316,237Liabilities 2023: $41,545,506Net Assets 2023: $31,770,7312023Assets 2024: $80,313,301Liabilities 2024: $47,879,743Net Assets 2024: $32,433,5582024

Highlighted filing

2021

Assets$69,462,503
Liabilities$40,844,321
Net Assets$28,618,182

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0Expenses 2010: $17,279,8352010Expenses 2011: $18,125,7882011Expenses 2012: $20,166,0582012Revenue 2013: $21,808,076Expenses 2013: $21,013,043Net Income 2013: $795,0332013Revenue 2014: $22,007,703Expenses 2014: $21,652,142Net Income 2014: $355,5612014Revenue 2015: $21,206,661Expenses 2015: $20,923,522Net Income 2015: $283,1392015Revenue 2016: $22,147,566Expenses 2016: $21,781,778Net Income 2016: $365,7882016Revenue 2017: $23,718,811Expenses 2017: $23,295,171Net Income 2017: $423,6402017Revenue 2018: $23,454,541Expenses 2018: $22,957,343Net Income 2018: $497,1982018Revenue 2019: $23,619,317Expenses 2019: $23,128,504Net Income 2019: $490,8132019Revenue 2020: $23,129,437Expenses 2020: $22,688,478Net Income 2020: $440,9592020Revenue 2021: $24,861,344Expenses 2021: $23,842,283Net Income 2021: $1,019,0612021Revenue 2022: $25,358,621Expenses 2022: $24,722,194Net Income 2022: $636,4272022Revenue 2023: $27,033,215Expenses 2023: $26,307,806Net Income 2023: $725,4092023Revenue 2024: $26,539,668Expenses 2024: $25,768,343Net Income 2024: $771,3252024

Highlighted filing

2021

Revenue$24,861,344
Expenses$23,842,283
Net Income$1,019,061
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jun 14, 2022
Return Version
2021v4.2
Gross Receipts
$25,063,065
Mission and Program Overview

Mission

Distribute electricity to membership.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$43,152,716$43,981,684▲ $828,968
Investments Program Related$10,863,920$11,101,997▲ $238,077
Savings and Temporary Cash Investments$7,426,927$7,940,423▲ $513,496
Accounts Receivable$1,924,631$2,497,215▲ $572,584
Investments Other Securities$654,273$1,492,812▲ $838,539
Inventories for Sale or Use$920,941$1,194,031▲ $273,090
Other Notes and Loans Receivable, Net$1,383,358$1,183,366▼ $199,992
Prepaid Expenses and Deferred Charges$41,305$40,032▼ $1,273
Intangible Assets$24,092$24,092→ $0
Total Assets$66,398,391$69,462,503▲ $3,064,112
Other Assets Total$6,228$6,851▲ $623
Liabilities
Mortgage Notes Payable Secured by Investment Property$34,630,491$37,010,801▲ $2,380,310
Accounts Payable and Accrued Expenses$2,877,027$2,813,243▼ $63,784
Deferred Revenue$669,272$950,150▲ $280,878
Unsecured Notes Loans Payable$714,660--
Other Liabilities$54,576$49,468▼ $5,108
Escrow Account Liability$1,006$20,659▲ $19,653
Total Liabilities$38,947,032$40,844,321▲ $1,897,289
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$27,451,359$28,618,182▲ $1,166,823
Total Net Assets Fund Balance$27,451,359$28,618,182▲ $1,166,823
Total Liabilities and Net Assets / Fund Balance$66,398,391$69,462,503▲ $3,064,112

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$40,829,186$29,514,767$70,343,953
Equipment$2,654,439$2,065,373$4,719,812
Buildings$348,619$518,791$867,410
Land$149,440-$149,440
Investment Program Related Org$15,440--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Korwin JohnsonCEOFT$248,354$139,165$387,519
Thomas HoffmanEng & Ops ManagerFT$144,572$94,392$238,964
Robert HobergForemanFT$116,150$80,159$196,309
Jenny StryhnCFOFT$135,570$55,424$190,994
Jonathan MessnerManager of Member ServicesFT$125,889$43,353$169,242
Alan GoldenForeman Until 11/2021FT$125,987$28,727$154,714
Jeremy SchauerLead LinemanFT$112,429$34,471$146,900
Orvin GronsethPresidentPT$13,000-$13,000
Kathryn DraegerDirectorPT$10,950-$10,950
Bennett ZierkeDirectorPT$10,500-$10,500
Warren RauVice PresidentPT$9,750-$9,750
Andrea ThomsonDirectorPT$9,500-$9,500
Jeff HuffordSec-treasurerPT$8,750-$8,750
Steven NelsonDirectorPT$8,700-$8,700

Highest Paid Contractors

ContractorServicesLocationCompensation
Star Energy ServicesEngineering And Safety6875 CO RD 28 SW, Alexandria, MN 56308$563,683
Integrity ContractingPower Line Install17827 COUNTY RD 2, Shevlin, MN 56676$295,829
Kivisto West Tree Service LLCRight Of Way Clearing72246 CSAH 24, Dassel, MN 55325$243,038
NiscComputer SoftwarePO BOX 1147, Mandan, ND 58554$109,751
Revenue and Support

Revenue Composition

Contributions and Grants
$714,660
Program Service Revenue
$24,017,058
Investment Income
$107,031
Other Revenue
$22,595
Change in Net Assets
$1,019,061

Audited Revenue Reconciliation

Revenue per Audited Statements
$24,861,344
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-37,444
Total Revenue per Audited Statements
$24,823,900
Total Revenue per Form 990
$24,861,344
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$18,533,417
Salaries, Compensation, and Employee Benefits$3,656,225
Grants and Similar Amounts Paid$2,571
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$2,443,495
Depreciation Depletion---$2,100,518
Benefits to Members---$1,650,070
Other Expenses---$1,273,193
Interest---$918,989
Current Officers, Directors, Trustees, and Key Employees---$599,803
Pension Plan Contributions---$396,629
Payroll Taxes---$216,298
Grants to Domestic Orgs---$2,571
All Other Expenses---$-2,738,218
Total Functional Expenses$0$0$0$23,842,283

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$23,842,283
Expenses per Audited Statements$22,154,769
Total Expenses per Audited Statements$22,154,769
Expenses Not Reported on Financial Statements$1,687,514
Other Expense Adjustments$1,687,514
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Consumer Deposits$49,284
Patronage Capital Payable$184
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Substantially all customers of the cooperative are members. Each member has one vote.

Form 990, Part VI, Section A, Line 7A

The membership elects the board of directors. There is one class of membership.

Form 990, Part VI, Section A, Line 7B

The membership must approve changes to the by-laws.

Form 990, Part VI, Section A, Line 8B

The cooperative has no committees with broad authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

The board of directors receive a copy of form 990 before it is filed. The form is reviewed and approved during a monthly board meeting.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy applies to board members, the general manager, and all employees. As potential conflicts arise, management makes inquiries and determines if a conflict exists. Management is responsible for the handling of all conflicts.

Form 990, Part VI, Section B, Line 15A

The general manager's salary is compared to other cooperatives through industry surverys and approved by the board of directors. This process is undertaken annually.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial documents are available upon request.

Form 990, Part VII, Column F, Other Compensation

Included in other compensation is the estimated current year increase or decrease in the actuarial value of the defined benefit plan for the general manager. The current year increase or decrease does not represent current year contributions to the plan. Rather, it is an estimate of the increase or decrease in the actuarial value of the plan as calculated by the plan administrator.

Filing and Contact Details

Filer

Filer Name
Agralite Electric Cooperative
EIN
41-0560428
Phone
3208434150
Address
PO BOX 228, BENSON, MN 56215

Signing Officer

Name
Orvin Gronseth
Title
President
Phone
3208434150
Signed
2022-06-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Orvin Gronseth
Formed
1939
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
Employees
33
Volunteers
0

Preparer

Firm
Eide Bailly Llp
Address
200 E 10TH ST STE 500, SIOUX FALLS, SD 57104-6375
Preparer
Laurie Hanson CPA
Phone
6053391999
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Retirement of capital credits -1,502,308. Allocation of 2021 margins to members in 2022 1,650,070.

FORM 990, PART IX, LINE 4 STATEMENT OF FUNCTIONAL EXPENSES:

The cooperative has interpreted the instructions to part ix, line 4, to mean patronage capital allocated for the year, rather than patronage capital retired. This is consistent with the bylaws of the cooperative.

FORM 990, PART IX, LINE 24E, STATEMENT OF FUNCTIONAL EXPENSES:

The labor, pension and payroll taxes reported on lines 6-10 are included in distribution expense, administrative & general expense and customer expense. Therefore, labor, pension and payroll taxes are shown as a reduction to other expenses on line 24e.

Financial Statement Notes

PART IV, LINE 2B:

The cooperative receives contributions from members for agralite electric trust, an operation roundup program. The cooperative transfers the contributions to the trust quarterly in january, march, july and october.

PART X, LINE 2:

The cooperative believes it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The cooperative would recognize future accrued interest and penalties related to unrecognized tax benefits in income tax expense if such interest and penalties are incurred.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Reclass expense reported as revenue in financial statement -37,444.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Allocation of 2021 margins to members in 2022 1,650,070. Reclass expense reported as revenue in financial statement 37,444.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10125889
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt11125987
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12116150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13112429
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5SEC-TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt8CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt9ENG & OPS MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt10MANAGER OF MEMBER SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt11FOREMAN UNTIL 11/2021
IRS990/Form990PartVIISectionAGrp/TitleTxt12FOREMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt13LEAD LINEMAN
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01939
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt075979
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt0714660
IRS990/GrantsToDomesticOrgsGrp/TotalAmt02571
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt080060
IRS990/GrossReceiptsAmt025063065
IRS990/GrossSalesOfInventoryAmt0220235
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt011
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/IntangibleAssetsGrp/BOYAmt024092
IRS990/IntangibleAssetsGrp/EOYAmt024092
IRS990/InterestGrp/TotalAmt0918989
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0920941
IRS990/InventoriesForSaleOrUseGrp/EOYAmt01194031
IRS990/InvestmentIncomeGrp/ExclusionAmt031052
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt031052
IRS990/InvestmentInJointVentureInd01
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0654273
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01492812
IRS990/InvestmentsProgramRelatedGrp/BOYAmt010863920
IRS990/InvestmentsProgramRelatedGrp/EOYAmt011101997
IRS990/IRPDocumentCnt048
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt032098931
IRS990/LandBldgEquipBasisNetGrp/BOYAmt043152716
IRS990/LandBldgEquipBasisNetGrp/EOYAmt043981684
IRS990/LandBldgEquipCostOrOtherBssAmt076080615
IRS990/LegalDomicileStateCd0MN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt04081
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersAndShrGrossIncomeAmt023888057
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE SAFE, RELIABLE ELECTRIC SERVICE AND OTHER RELATED PRODUCTS TO IMPROVE THE QUALITY OF LIFE IN OUR REGION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt034630491
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt037010801
IRS990/NetAssetsOrFundBalancesBOYAmt027451359
IRS990/NetAssetsOrFundBalancesEOYAmt028618182
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt075979
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt075979
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt022127
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt022595
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0468
IRS990/NetUnrelatedBusTxblIncmAmt076766
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt027451359
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt028618182
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06228
IRS990/OtherAssetsTotalGrp/EOYAmt06851
IRS990/OtherChangesInNetAssetsAmt0147762
IRS990/OtherExpensesGrp/Desc0COST OF POWER
IRS990/OtherExpensesGrp/Desc1ADMIN & GENERAL
IRS990/OtherExpensesGrp/Desc2DISTRIBUTION-MAINTENANC
IRS990/OtherExpensesGrp/Desc3DISTRIBUTION-OPERATIONS
IRS990/OtherExpensesGrp/TotalAmt013722251
IRS990/OtherExpensesGrp/TotalAmt11717655
IRS990/OtherExpensesGrp/TotalAmt21539029
IRS990/OtherExpensesGrp/TotalAmt31273193
IRS990/OtherLiabilitiesGrp/BOYAmt054576
IRS990/OtherLiabilitiesGrp/EOYAmt049468
IRS990/OtherSalariesAndWagesGrp/TotalAmt02443495
IRS990/OtherSourcesGrossIncomeAmt0254159
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01383358
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01183366
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0216298
IRS990/PensionPlanContributionsGrp/TotalAmt0396629
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt041305
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt040032
IRS990/PrincipalOfficerNm0ORVIN GRONSETH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2561499
IRS990/ProgramServiceRevenueGrp/BusinessCd3221000
IRS990/ProgramServiceRevenueGrp/Desc0SALE OF POWER
IRS990/ProgramServiceRevenueGrp/Desc1CAPITAL CREDITS
IRS990/ProgramServiceRevenueGrp/Desc2EQUITY EARNINGS
IRS990/ProgramServiceRevenueGrp/Desc3OTHER NON-OPERATING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt023300749
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1577821
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt211184
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt315590
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt023300749
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1577821
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2122898
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt315590
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0111714
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt01377579
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt02450
IRS990/PYInvestmentIncomeAmt0270678
IRS990/PYOtherExpensesAmt017885001
IRS990/PYOtherRevenueAmt011798
IRS990/PYProgramServiceRevenueAmt022846961
IRS990/PYRevenuesLessExpensesAmt0440959
IRS990/PYSalariesCompEmpBnftPaidAmt03423448
IRS990/PYTotalExpensesAmt022688478
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt023129437
IRS990/ReconcilationRevenueExpnssAmt01019061
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/SavingsAndTempCashInvstGrp/BOYAmt07426927
IRS990/SavingsAndTempCashInvstGrp/EOYAmt07940423
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0348619
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0518791
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0867410
IRS990ScheduleD/EquipmentGrp/BookValueAmt02654439
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02065373
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04719812
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01687514
IRS990ScheduleD/ExpensesSubtotalAmt022154769
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt07620411
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1540464
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt22304682
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt3153600
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt461105
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt5151275
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt6125072
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt710005
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt839943
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt980000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1015440
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0GREAT RIVER ENERGY
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1NATIONAL RURAL UTILITIES COOP. FINANCE CORP.
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2EAST RIVER ELECTRIC POWER COOPERATIVE, INC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3COBANK
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4SWIFT COOPERATIVE OIL CO. PATRONAGE CAPITAL
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc5FEDERATED RURAL ELECTRIC INSURANCE EXCHANGE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc6RURAL ELECTRIC SUPPLY COOPERATIVE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc7CHIPPEWA VALLEY AGRAFUELS COOP. PATRONAGE CAPITAL
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc8NATIONAL INFORMATION SOLUTIONS COOPERATIVE, PATRONAGE CAPITAL
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc9RURAL ELECTRIC ECONOMIC DEVELOPMENT
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc10OTHER
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd5C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd6C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd7C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd8C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd9C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd10C
IRS990ScheduleD/LandGrp/BookValueAmt0149440
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0149440
IRS990ScheduleD/OtherExpensesNotIncludedAmt01687514
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt040829186
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt029514767
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt070343953

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$80.3$47.9$32.4$26.5$25.8$0.77
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$73.3$41.5$31.8$27.0$26.3$0.73
2022Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$70.5$40.8$29.7$25.4$24.7$0.64
2021Detailed filing. Detailed filing data is available for this year.$69.5$40.8$28.6$24.9$23.8$1.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$66.4$38.9$27.5$23.1$22.7$0.44
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$61.0$34.6$26.4$23.6$23.1$0.49
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$55.7$30.0$25.7$23.5$23.0$0.50
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$53.4$29.4$24.0$23.7$23.3$0.42
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$50.9$28.1$22.8$22.1$21.8$0.37
2015Detailed filing. Detailed filing data is available for this year.$50.6$28.2$22.4$21.2$20.9$0.28
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$48.3$26.2$22.1$22.0$21.7$0.36
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$46.4$25.2$21.3$21.8$21.0$0.80
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.4$26.3$20.1$20.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.2$27.4$18.8$18.1
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$42.7$24.2$18.5$17.3