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Employer Identification Number 41-0419150

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

Company Name:MINNESOTA VALLEY ELECTRIC COOPERATIVE
Employer identification number (EIN):41-0419150
EIN Issuing AuthorityPhiladelphia, PA
NAIC Classification:221100
401k Pension/Benefits registration MINNESOTA VALLEY 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 SERVICE TO MEMBERS
Number of Employees106
Number of Volunteers0
Year Formed1937

Organization Governance

Legal DomicileMN
Voting Members - Governing Body9
Voting Members - Independent9

Organization Financials

2022-12-31
Total unrelated business incomeUSD $ 7,917
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 95,182,181
Program Service Revenue from current yearUSD $ 108,269,661
Investment Income from prior yearUSD $ 707,618
Investment Income from current yearUSD $ 769,725
Other Revenue from prior yearUSD $ 1,744,049
Other Revenue from current yearUSD $ 3,822,802
Gross receipts from all sourcesUSD $ 113,287,124
Net assets / fund balances at end of fiscal yearUSD $ 81,346,290
Net assets / fund balances at beginning of fiscal yearUSD $ 77,679,364
Total liabilities at end of fiscal yearUSD $ 159,243,582
Total liabilities at beginning of fiscal yearUSD $ 147,883,242
Total assets at end of fiscal yearUSD $ 240,589,872
Total assets at beginning of fiscal yearUSD $ 225,562,606
Revenues less expenses for current yearUSD $ 3,066,163
Revenues less expenses for previous yearUSD $ 809,980
Total expenses for current yearUSD $ 109,796,025
Total expenses for previous yearUSD $ 96,823,868
Other expenses in current yearUSD $ 106,191,436
Other expenses in previous yearUSD $ 93,192,035
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 $ 1,180,831
Employee salary and benefits paid in previous yearUSD $ 1,208,075
Benefits paid to or for members in current yearUSD $ 2,423,758
Benefits paid to or for members in previous yearUSD $ 2,423,758
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 112,862,188
Total revenue in previous fiscal yearUSD $ 97,633,848
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 423,533
Gross sales of inventory assetsUSD $ 248,294
Total of other revenueUSD $ 3,998,041
2021-12-31
Total unrelated business incomeUSD $ 5,343
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 91,139,134
Program Service Revenue from current yearUSD $ 95,182,181
Investment Income from prior yearUSD $ 492,212
Investment Income from current yearUSD $ 707,618
Other Revenue from prior yearUSD $ 2,330,024
Other Revenue from current yearUSD $ 1,744,049
Gross receipts from all sourcesUSD $ 98,265,608
Net assets / fund balances at end of fiscal yearUSD $ 77,679,364
Net assets / fund balances at beginning of fiscal yearUSD $ 75,722,196
Total liabilities at end of fiscal yearUSD $ 147,883,242
Total liabilities at beginning of fiscal yearUSD $ 145,797,767
Total assets at end of fiscal yearUSD $ 225,562,606
Total assets at beginning of fiscal yearUSD $ 221,519,963
Revenues less expenses for current yearUSD $ 809,980
Revenues less expenses for previous yearUSD $ -119,500
Total expenses for current yearUSD $ 96,823,868
Total expenses for previous yearUSD $ 94,080,870
Other expenses in current yearUSD $ 93,192,035
Other expenses in previous yearUSD $ 89,115,455
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 $ 1,208,075
Employee salary and benefits paid in previous yearUSD $ 1,044,571
Benefits paid to or for members in current yearUSD $ 2,423,758
Benefits paid to or for members in previous yearUSD $ 3,920,844
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 97,633,848
Total revenue in previous fiscal yearUSD $ 93,961,370
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 626,233
Gross sales of inventory assetsUSD $ 313,720
Total of other revenueUSD $ 2,056,562
2020-12-31
Total unrelated business incomeUSD $ 11,490
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 90,257,542
Program Service Revenue from current yearUSD $ 91,139,134
Investment Income from prior yearUSD $ 524,528
Investment Income from current yearUSD $ 492,212
Other Revenue from prior yearUSD $ 1,873,616
Other Revenue from current yearUSD $ 2,330,024
Gross receipts from all sourcesUSD $ 93,963,744
Net assets / fund balances at end of fiscal yearUSD $ 75,722,196
Net assets / fund balances at beginning of fiscal yearUSD $ 72,508,653
Total liabilities at end of fiscal yearUSD $ 145,797,767
Total liabilities at beginning of fiscal yearUSD $ 140,885,183
Total assets at end of fiscal yearUSD $ 221,519,963
Total assets at beginning of fiscal yearUSD $ 213,393,836
Revenues less expenses for current yearUSD $ -119,500
Revenues less expenses for previous yearUSD $ 312,894
Total expenses for current yearUSD $ 94,080,870
Total expenses for previous yearUSD $ 92,342,792
Other expenses in current yearUSD $ 89,115,455
Other expenses in previous yearUSD $ 88,110,835
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 $ 1,044,571
Employee salary and benefits paid in previous yearUSD $ 1,010,244
Benefits paid to or for members in current yearUSD $ 3,920,844
Benefits paid to or for members in previous yearUSD $ 3,221,713
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 93,961,370
Total revenue in previous fiscal yearUSD $ 92,655,686
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 2,330,024
2019-12-31
Total unrelated business incomeUSD $ -8,106
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 92,168,041
Program Service Revenue from current yearUSD $ 90,257,542
Investment Income from prior yearUSD $ 496,371
Investment Income from current yearUSD $ 524,528
Other Revenue from prior yearUSD $ 3,743,910
Other Revenue from current yearUSD $ 1,873,616
Gross receipts from all sourcesUSD $ 92,672,651
Net assets / fund balances at end of fiscal yearUSD $ 72,508,653
Net assets / fund balances at beginning of fiscal yearUSD $ 70,841,829
Total liabilities at end of fiscal yearUSD $ 140,885,183
Total liabilities at beginning of fiscal yearUSD $ 132,356,578
Total assets at end of fiscal yearUSD $ 213,393,836
Total assets at beginning of fiscal yearUSD $ 203,198,407
Revenues less expenses for current yearUSD $ 312,894
Revenues less expenses for previous yearUSD $ -117,460
Total expenses for current yearUSD $ 92,342,792
Total expenses for previous yearUSD $ 96,525,782
Other expenses in current yearUSD $ 88,110,835
Other expenses in previous yearUSD $ 90,196,733
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 $ 1,010,244
Employee salary and benefits paid in previous yearUSD $ 938,040
Benefits paid to or for members in current yearUSD $ 3,221,713
Benefits paid to or for members in previous yearUSD $ 5,391,009
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 92,655,686
Total revenue in previous fiscal yearUSD $ 96,408,322
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 1,873,616
2018-12-31
Total unrelated business incomeUSD $ -76,750
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 87,359,473
Program Service Revenue from current yearUSD $ 92,168,041
Investment Income from prior yearUSD $ 390,554
Investment Income from current yearUSD $ 496,371
Other Revenue from prior yearUSD $ 1,975,357
Other Revenue from current yearUSD $ 3,743,910
Gross receipts from all sourcesUSD $ 96,433,995
Net assets / fund balances at end of fiscal yearUSD $ 70,841,829
Net assets / fund balances at beginning of fiscal yearUSD $ 67,121,625
Total liabilities at end of fiscal yearUSD $ 132,356,578
Total liabilities at beginning of fiscal yearUSD $ 122,478,701
Total assets at end of fiscal yearUSD $ 203,198,407
Total assets at beginning of fiscal yearUSD $ 189,600,326
Revenues less expenses for current yearUSD $ -117,460
Revenues less expenses for previous yearUSD $ -332,149
Total expenses for current yearUSD $ 96,525,782
Total expenses for previous yearUSD $ 90,057,533
Other expenses in current yearUSD $ 90,196,733
Other expenses in previous yearUSD $ 85,489,998
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 $ 938,040
Employee salary and benefits paid in previous yearUSD $ 871,378
Benefits paid to or for members in current yearUSD $ 5,391,009
Benefits paid to or for members in previous yearUSD $ 3,696,157
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 96,408,322
Total revenue in previous fiscal yearUSD $ 89,725,384
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 3,743,910
2017-12-31
Total unrelated business incomeUSD $ -8,164
Net unrelated business incomeUSD $ -21,589
Program Service Revenue from prior yearUSD $ 84,303,805
Program Service Revenue from current yearUSD $ 87,359,473
Investment Income from prior yearUSD $ 155,549
Investment Income from current yearUSD $ 390,554
Other Revenue from prior yearUSD $ 3,176,006
Other Revenue from current yearUSD $ 1,975,357
Gross receipts from all sourcesUSD $ 89,726,536
Net assets / fund balances at end of fiscal yearUSD $ 67,121,625
Net assets / fund balances at beginning of fiscal yearUSD $ 65,069,210
Total liabilities at end of fiscal yearUSD $ 122,478,701
Total liabilities at beginning of fiscal yearUSD $ 121,340,952
Total assets at end of fiscal yearUSD $ 189,600,326
Total assets at beginning of fiscal yearUSD $ 186,410,162
Revenues less expenses for current yearUSD $ -332,149
Revenues less expenses for previous yearUSD $ -1,816,173
Total expenses for current yearUSD $ 90,057,533
Total expenses for previous yearUSD $ 89,451,533
Other expenses in current yearUSD $ 85,489,998
Other expenses in previous yearUSD $ 81,859,097
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 $ 871,378
Employee salary and benefits paid in previous yearUSD $ 1,377,191
Benefits paid to or for members in current yearUSD $ 3,696,157
Benefits paid to or for members in previous yearUSD $ 6,215,245
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 89,725,384
Total revenue in previous fiscal yearUSD $ 87,635,360
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 1,975,357
2016-12-31
Total unrelated business incomeUSD $ -111,613
Net unrelated business incomeUSD $ -189,402
Program Service Revenue from prior yearUSD $ 76,893,192
Program Service Revenue from current yearUSD $ 84,303,805
Investment Income from prior yearUSD $ 182,117
Investment Income from current yearUSD $ 155,549
Other Revenue from prior yearUSD $ 1,514,430
Other Revenue from current yearUSD $ 3,176,006
Gross receipts from all sourcesUSD $ 87,709,959
Net assets / fund balances at end of fiscal yearUSD $ 65,069,210
Net assets / fund balances at beginning of fiscal yearUSD $ 61,871,633
Total liabilities at end of fiscal yearUSD $ 121,340,952
Total liabilities at beginning of fiscal yearUSD $ 110,206,745
Total assets at end of fiscal yearUSD $ 186,410,162
Total assets at beginning of fiscal yearUSD $ 172,078,378
Revenues less expenses for current yearUSD $ -1,816,173
Revenues less expenses for previous yearUSD $ 436,452
Total expenses for current yearUSD $ 89,451,533
Total expenses for previous yearUSD $ 78,153,287
Other expenses in current yearUSD $ 81,859,097
Other expenses in previous yearUSD $ 74,660,701
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 $ 1,377,191
Employee salary and benefits paid in previous yearUSD $ 1,247,558
Benefits paid to or for members in current yearUSD $ 6,215,245
Benefits paid to or for members in previous yearUSD $ 2,245,028
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 87,635,360
Total revenue in previous fiscal yearUSD $ 78,589,739
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 3,176,006
2015-12-31
Total unrelated business incomeUSD $ -9,173
Net unrelated business incomeUSD $ -9,173
Program Service Revenue from prior yearUSD $ 74,524,797
Program Service Revenue from current yearUSD $ 76,893,192
Investment Income from prior yearUSD $ 284,818
Investment Income from current yearUSD $ 182,117
Other Revenue from prior yearUSD $ 1,703,532
Other Revenue from current yearUSD $ 1,514,430
Gross receipts from all sourcesUSD $ 78,670,119
Net assets / fund balances at end of fiscal yearUSD $ 61,871,633
Net assets / fund balances at beginning of fiscal yearUSD $ 60,501,986
Total liabilities at end of fiscal yearUSD $ 110,206,745
Total liabilities at beginning of fiscal yearUSD $ 91,373,084
Total assets at end of fiscal yearUSD $ 172,078,378
Total assets at beginning of fiscal yearUSD $ 151,875,070
Revenues less expenses for current yearUSD $ 436,452
Revenues less expenses for previous yearUSD $ 776,760
Total expenses for current yearUSD $ 78,153,287
Total expenses for previous yearUSD $ 75,736,387
Other expenses in current yearUSD $ 74,660,701
Other expenses in previous yearUSD $ 72,563,918
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 $ 1,247,558
Employee salary and benefits paid in previous yearUSD $ 927,324
Benefits paid to or for members in current yearUSD $ 2,245,028
Benefits paid to or for members in previous yearUSD $ 2,245,145
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 78,589,739
Total revenue in previous fiscal yearUSD $ 76,513,147
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 1,514,430

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 410419150

USA Mailing Address
125 MINNESOTA VALLEY ELECTRIC DR
JORDAN
MN
55352
Date first seen: 2008-01-01
Date last seen: 2023-11-02

Nearby companies/organizations

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

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