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Employer Identification Number 41-0266055

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

Company Name:FREEBORN MOWER ELECTRIC COOPERATIVE
Employer identification number (EIN):41-0266055
EIN Issuing AuthorityPhiladelphia, PA
NAIC Classification:221100
401k Pension/Benefits registration FREEBORN MOWER ELECTRIC COOPERATIVE 401k plan information
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 StatementPROVIDE ELECTRIC POWER TO THE MEMBERS OF THE COOPERATIVE WHICH CONSISTS OF APPROXIMATELY 21,000 MEMBERS.
Number of Employees68
Number of Volunteers0
Year Formed1936

Organization Governance

Legal DomicileMN
Voting Members - Governing Body9
Voting Members - Independent9

Organization Financials

2023-12-31
Total unrelated business incomeUSD $ 59,907
Net unrelated business incomeUSD $ 40,675
Program Service Revenue from prior yearUSD $ 60,707,650
Program Service Revenue from current yearUSD $ 59,790,857
Investment Income from prior yearUSD $ 112,190
Investment Income from current yearUSD $ 138,353
Other Revenue from prior yearUSD $ 1,298,912
Other Revenue from current yearUSD $ 1,727,673
Gross receipts from all sourcesUSD $ 62,135,966
Net assets / fund balances at end of fiscal yearUSD $ 47,006,142
Net assets / fund balances at beginning of fiscal yearUSD $ 43,107,972
Total liabilities at end of fiscal yearUSD $ 104,103,861
Total liabilities at beginning of fiscal yearUSD $ 102,991,927
Total assets at end of fiscal yearUSD $ 151,110,003
Total assets at beginning of fiscal yearUSD $ 146,099,899
Revenues less expenses for current yearUSD $ 1,771,879
Revenues less expenses for previous yearUSD $ 1,028,483
Total expenses for current yearUSD $ 59,885,004
Total expenses for previous yearUSD $ 61,090,269
Other expenses in current yearUSD $ 56,840,013
Other expenses in previous yearUSD $ 58,707,749
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 $ 419,240
Employee salary and benefits paid in previous yearUSD $ 401,487
Benefits paid to or for members in current yearUSD $ 2,625,751
Benefits paid to or for members in previous yearUSD $ 1,981,033
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 61,656,883
Total revenue in previous fiscal yearUSD $ 62,118,752
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 92,533
Gross sales of inventory assetsUSD $ 100,582
Total of other revenueUSD $ 1,719,624
2022-12-31
Total unrelated business incomeUSD $ 22,349
Net unrelated business incomeUSD $ 14,686
Program Service Revenue from prior yearUSD $ 54,475,182
Program Service Revenue from current yearUSD $ 60,707,650
Investment Income from prior yearUSD $ 964,012
Investment Income from current yearUSD $ 112,190
Other Revenue from prior yearUSD $ 1,322,946
Other Revenue from current yearUSD $ 1,298,912
Gross receipts from all sourcesUSD $ 62,658,713
Net assets / fund balances at end of fiscal yearUSD $ 43,107,972
Net assets / fund balances at beginning of fiscal yearUSD $ 41,565,746
Total liabilities at end of fiscal yearUSD $ 102,991,927
Total liabilities at beginning of fiscal yearUSD $ 95,153,817
Total assets at end of fiscal yearUSD $ 146,099,899
Total assets at beginning of fiscal yearUSD $ 136,719,563
Revenues less expenses for current yearUSD $ 1,028,483
Revenues less expenses for previous yearUSD $ 1,685,129
Total expenses for current yearUSD $ 61,090,269
Total expenses for previous yearUSD $ 55,077,011
Other expenses in current yearUSD $ 58,707,749
Other expenses in previous yearUSD $ 52,976,545
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 $ 401,487
Employee salary and benefits paid in previous yearUSD $ 378,723
Benefits paid to or for members in current yearUSD $ 1,981,033
Benefits paid to or for members in previous yearUSD $ 1,721,743
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 62,118,752
Total revenue in previous fiscal yearUSD $ 56,762,140
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 144,363
Gross sales of inventory assetsUSD $ 137,362
Total of other revenueUSD $ 1,305,913
2021-12-31
Total unrelated business incomeUSD $ 24,951
Net unrelated business incomeUSD $ 8,338
Program Service Revenue from prior yearUSD $ 53,789,446
Program Service Revenue from current yearUSD $ 54,475,182
Investment Income from prior yearUSD $ 177,872
Investment Income from current yearUSD $ 964,012
Other Revenue from prior yearUSD $ 1,252,507
Other Revenue from current yearUSD $ 1,322,946
Gross receipts from all sourcesUSD $ 58,813,803
Net assets / fund balances at end of fiscal yearUSD $ 41,565,746
Net assets / fund balances at beginning of fiscal yearUSD $ 39,171,112
Total liabilities at end of fiscal yearUSD $ 95,153,817
Total liabilities at beginning of fiscal yearUSD $ 89,993,963
Total assets at end of fiscal yearUSD $ 136,719,563
Total assets at beginning of fiscal yearUSD $ 129,165,075
Revenues less expenses for current yearUSD $ 1,685,129
Revenues less expenses for previous yearUSD $ -575,594
Total expenses for current yearUSD $ 55,077,011
Total expenses for previous yearUSD $ 55,795,419
Other expenses in current yearUSD $ 52,976,545
Other expenses in previous yearUSD $ 51,384,765
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 $ 378,723
Employee salary and benefits paid in previous yearUSD $ 371,524
Benefits paid to or for members in current yearUSD $ 1,721,743
Benefits paid to or for members in previous yearUSD $ 4,039,130
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 56,762,140
Total revenue in previous fiscal yearUSD $ 55,219,825
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 96,479
Gross sales of inventory assetsUSD $ 104,337
Total of other revenueUSD $ 1,315,088
2020-12-31
Total unrelated business incomeUSD $ 14,099
Net unrelated business incomeUSD $ 12,815
Program Service Revenue from prior yearUSD $ 55,860,346
Program Service Revenue from current yearUSD $ 53,789,446
Investment Income from prior yearUSD $ 247,123
Investment Income from current yearUSD $ 177,872
Other Revenue from prior yearUSD $ 1,419,250
Other Revenue from current yearUSD $ 1,252,507
Gross receipts from all sourcesUSD $ 55,843,306
Net assets / fund balances at end of fiscal yearUSD $ 39,171,112
Net assets / fund balances at beginning of fiscal yearUSD $ 37,006,507
Total liabilities at end of fiscal yearUSD $ 89,993,963
Total liabilities at beginning of fiscal yearUSD $ 82,549,798
Total assets at end of fiscal yearUSD $ 129,165,075
Total assets at beginning of fiscal yearUSD $ 119,556,305
Revenues less expenses for current yearUSD $ -575,594
Revenues less expenses for previous yearUSD $ -2,381,100
Total expenses for current yearUSD $ 55,795,419
Total expenses for previous yearUSD $ 59,907,819
Other expenses in current yearUSD $ 51,384,765
Other expenses in previous yearUSD $ 54,183,511
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 $ 371,524
Employee salary and benefits paid in previous yearUSD $ 476,668
Benefits paid to or for members in current yearUSD $ 4,039,130
Benefits paid to or for members in previous yearUSD $ 5,247,640
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 55,219,825
Total revenue in previous fiscal yearUSD $ 57,526,719
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 86,459
Gross sales of inventory assetsUSD $ 82,182
Total of other revenueUSD $ 1,256,784
2019-12-31
Total unrelated business incomeUSD $ 18,809
Net unrelated business incomeUSD $ 22,875
Program Service Revenue from prior yearUSD $ 55,420,323
Program Service Revenue from current yearUSD $ 55,860,346
Investment Income from prior yearUSD $ 180,129
Investment Income from current yearUSD $ 247,123
Other Revenue from prior yearUSD $ 886,080
Other Revenue from current yearUSD $ 1,419,250
Gross receipts from all sourcesUSD $ 58,545,879
Net assets / fund balances at end of fiscal yearUSD $ 37,006,507
Net assets / fund balances at beginning of fiscal yearUSD $ 34,919,397
Total liabilities at end of fiscal yearUSD $ 82,549,798
Total liabilities at beginning of fiscal yearUSD $ 79,855,592
Total assets at end of fiscal yearUSD $ 119,556,305
Total assets at beginning of fiscal yearUSD $ 114,774,989
Revenues less expenses for current yearUSD $ -2,381,100
Revenues less expenses for previous yearUSD $ -1,403,698
Total expenses for current yearUSD $ 59,907,819
Total expenses for previous yearUSD $ 57,890,230
Other expenses in current yearUSD $ 54,183,511
Other expenses in previous yearUSD $ 53,352,009
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 $ 476,668
Employee salary and benefits paid in previous yearUSD $ 345,680
Benefits paid to or for members in current yearUSD $ 5,247,640
Benefits paid to or for members in previous yearUSD $ 4,192,541
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 57,526,719
Total revenue in previous fiscal yearUSD $ 56,486,532
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 74,234
Gross sales of inventory assetsUSD $ 85,472
Total of other revenueUSD $ 1,408,012
2018-12-31
Total unrelated business incomeUSD $ -221
Net unrelated business incomeUSD $ 17,390
Program Service Revenue from prior yearUSD $ 53,313,338
Program Service Revenue from current yearUSD $ 55,420,323
Investment Income from prior yearUSD $ 238,064
Investment Income from current yearUSD $ 180,129
Other Revenue from prior yearUSD $ 1,477,592
Other Revenue from current yearUSD $ 886,080
Gross receipts from all sourcesUSD $ 56,912,435
Net assets / fund balances at end of fiscal yearUSD $ 34,919,397
Net assets / fund balances at beginning of fiscal yearUSD $ 33,396,643
Total liabilities at end of fiscal yearUSD $ 79,855,592
Total liabilities at beginning of fiscal yearUSD $ 78,807,859
Total assets at end of fiscal yearUSD $ 114,774,989
Total assets at beginning of fiscal yearUSD $ 112,204,502
Revenues less expenses for current yearUSD $ -1,403,698
Revenues less expenses for previous yearUSD $ -1,773,695
Total expenses for current yearUSD $ 57,890,230
Total expenses for previous yearUSD $ 56,802,689
Other expenses in current yearUSD $ 53,352,009
Other expenses in previous yearUSD $ 50,865,039
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 $ 345,680
Employee salary and benefits paid in previous yearUSD $ 353,319
Benefits paid to or for members in current yearUSD $ 4,192,541
Benefits paid to or for members in previous yearUSD $ 5,584,331
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 56,486,532
Total revenue in previous fiscal yearUSD $ 55,028,994
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 72,622
Gross sales of inventory assetsUSD $ 78,414
Total of other revenueUSD $ 880,288
2017-12-31
Total unrelated business incomeUSD $ 132,015
Net unrelated business incomeUSD $ 111,888
Program Service Revenue from prior yearUSD $ 50,436,573
Program Service Revenue from current yearUSD $ 53,313,338
Investment Income from prior yearUSD $ 83,569
Investment Income from current yearUSD $ 238,064
Other Revenue from prior yearUSD $ 1,004,981
Other Revenue from current yearUSD $ 1,477,592
Gross receipts from all sourcesUSD $ 55,353,319
Net assets / fund balances at end of fiscal yearUSD $ 33,396,643
Net assets / fund balances at beginning of fiscal yearUSD $ 29,982,435
Total liabilities at end of fiscal yearUSD $ 78,807,859
Total liabilities at beginning of fiscal yearUSD $ 78,717,098
Total assets at end of fiscal yearUSD $ 112,204,502
Total assets at beginning of fiscal yearUSD $ 108,699,533
Revenues less expenses for current yearUSD $ -1,773,695
Revenues less expenses for previous yearUSD $ -1,543,375
Total expenses for current yearUSD $ 56,802,689
Total expenses for previous yearUSD $ 53,068,498
Other expenses in current yearUSD $ 50,865,039
Other expenses in previous yearUSD $ 49,322,649
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 $ 353,319
Employee salary and benefits paid in previous yearUSD $ 341,621
Benefits paid to or for members in current yearUSD $ 5,584,331
Benefits paid to or for members in previous yearUSD $ 3,404,228
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 55,028,994
Total revenue in previous fiscal yearUSD $ 51,525,123
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 74,784
Gross sales of inventory assetsUSD $ 76,675
Total of other revenueUSD $ 1,475,701
2016-12-31
Total unrelated business incomeUSD $ 182,705
Net unrelated business incomeUSD $ 167,219
Program Service Revenue from prior yearUSD $ 33,658,308
Program Service Revenue from current yearUSD $ 50,436,573
Investment Income from prior yearUSD $ 140,501
Investment Income from current yearUSD $ 83,569
Other Revenue from prior yearUSD $ 1,030,348
Other Revenue from current yearUSD $ 1,004,981
Gross receipts from all sourcesUSD $ 51,838,067
Net assets / fund balances at end of fiscal yearUSD $ 29,982,435
Net assets / fund balances at beginning of fiscal yearUSD $ 28,418,254
Total liabilities at end of fiscal yearUSD $ 78,717,098
Total liabilities at beginning of fiscal yearUSD $ 77,197,431
Total assets at end of fiscal yearUSD $ 108,699,533
Total assets at beginning of fiscal yearUSD $ 105,615,685
Revenues less expenses for current yearUSD $ -1,543,375
Revenues less expenses for previous yearUSD $ -697,092
Total expenses for current yearUSD $ 53,068,498
Total expenses for previous yearUSD $ 35,526,249
Other expenses in current yearUSD $ 49,322,649
Other expenses in previous yearUSD $ 33,453,499
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 $ 341,621
Employee salary and benefits paid in previous yearUSD $ 308,968
Benefits paid to or for members in current yearUSD $ 3,404,228
Benefits paid to or for members in previous yearUSD $ 1,763,782
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 51,525,123
Total revenue in previous fiscal yearUSD $ 34,829,157
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 62,050
Gross sales of inventory assetsUSD $ 62,119
Total of other revenueUSD $ 1,004,912
2015-12-31
Total unrelated business incomeUSD $ 174,953
Net unrelated business incomeUSD $ 111,018
Program Service Revenue from prior yearUSD $ 23,034,605
Program Service Revenue from current yearUSD $ 33,658,308
Investment Income from prior yearUSD $ 231,977
Investment Income from current yearUSD $ 140,501
Other Revenue from prior yearUSD $ 884,667
Other Revenue from current yearUSD $ 1,030,348
Gross receipts from all sourcesUSD $ 35,284,989
Net assets / fund balances at end of fiscal yearUSD $ 28,418,254
Net assets / fund balances at beginning of fiscal yearUSD $ 28,322,436
Total liabilities at end of fiscal yearUSD $ 77,197,431
Total liabilities at beginning of fiscal yearUSD $ 25,336,001
Total assets at end of fiscal yearUSD $ 105,615,685
Total assets at beginning of fiscal yearUSD $ 53,658,437
Revenues less expenses for current yearUSD $ -697,092
Revenues less expenses for previous yearUSD $ 204,205
Total expenses for current yearUSD $ 35,526,249
Total expenses for previous yearUSD $ 23,947,044
Other expenses in current yearUSD $ 33,453,499
Other expenses in previous yearUSD $ 20,798,948
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 $ 308,968
Employee salary and benefits paid in previous yearUSD $ 285,619
Benefits paid to or for members in current yearUSD $ 1,763,782
Benefits paid to or for members in previous yearUSD $ 2,862,477
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 34,829,157
Total revenue in previous fiscal yearUSD $ 24,151,249
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 87,888
Gross sales of inventory assetsUSD $ 102,814
Total of other revenueUSD $ 1,015,422

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 410266055

USA Location Address
2501 MAIN STREET EAST
ALBERT LEA
MN
56007
Date first seen: 2007-01-01
Date last seen: 2025-09-30
401k Sponsor USA Address
3366 BRIDGE AVENUE
PO BOX 611
ALBERT LEA
MN
56007
Date first seen: 2007-01-01
Date last seen: 2025-03-28

Nearby companies/organizations

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

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