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EIN 41-0155615

Benco Electric Cooperative

IRS 501(c) type
501(c)(12)
Num. employees
44
City
Mankato
State
Minnesota
Year formed
1937
Most recent tax filings
2023-12-01
NTEE code, primary
W80: Public Utilities
Description
Benco Electric Cooperative safely provides the best possible service at the lowest possible cost, consistent with sound business management. Benco sold 341,044,117 kwh to 19,094 electric services and maintained 3,620 miles of underground and overhead distribution lines.
Also known as...
Blue Earth-Nicollet-Faribault Cooperative Electric Association; Blue Earth Nicollet Coop
Total revenues
$53,900,086
2023
Total expenses
$53,860,781
2023
Total assets
$144,377,847
2023
Num. employees
44
2023

Program areas at Benco Electric Cooperative

Sale of 392,789,357 kwh to 19,971 Electric services. Maintained 3,641 miles of underground and overhead distribution lines.

Personnel at Benco Electric Cooperative

NameTitleCompensation
David SundermanChief Executive Officer$269,814
Duane HagenCrew Chief$137,104
Tim BraulickOperations and Engineering Manager$151,125
Abby DahmsFinance Manager$126,422
Kathy GerberMember Services Manager / Communications Manager
...and 9 more key personnel

Financials for Benco Electric Cooperative

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$51,500,695
Investment income and dividends$569,892
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$3,280
Net gain from sale of non-inventory assets$-44,744
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$-80,987
Miscellaneous revenues$1,951,950
Total revenues$53,900,086

Form 990s for Benco Electric Cooperative

Fiscal year endingDate received by IRSFormPDF link
2023-122024-06-12990View PDF
2022-122023-10-31990View PDF
2021-122022-09-13990View PDF
2020-122021-09-20990View PDF
2019-122020-09-30990View PDF
...and 10 more Form 990s

Organizations like Benco Electric Cooperative

OrganizationLocationRevenue
Newberry Electric CooperativeNewberry, SC$48,559,358
Ocmulgee Electric Membership CorporationEastman, GA$26,583,784
Red Lake Electric CooperativeRed Lake Falls, MN$15,413,825
Suwannee Valley Electric CooperativeLive Oak, FL$76,170,256
Southern Pine Electric CooperativeBrewton, AL$60,293,022
Three Rivers Electric CooperativeLinn, MO$48,189,109
Minnesota Valley Electric CooperativeJordan, MN$112,862,188
Eastern Iowa Light and Power CooperativeWilton, IA$68,261,552
Crow Wing Cooperative Power and LightBrainerd, MN$91,498,148
Oconee Electric Membership CorporationDudley, GA$34,153,511
Data update history
August 25, 2024
Posted financials
Added Form 990 for fiscal year 2021
August 24, 2024
Used new vendors
Identified 1 new vendor, including
August 3, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 20, 2024
Used new vendors
Identified 1 new vendor, including
January 18, 2024
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Public utilitiesPublic sector nonprofitsHeadquarter / parent organizations
Issues
No issues found
Characteristics
State / local level
General information
Address
PO Box 8
Mankato, MN 56002
County
Blue Earth County, MN
Website URL
benco.org/ 
Phone
(507) 387-7963
IRS details
EIN
41-0155615
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1937
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W80: Public Utilities
NAICS code, primary
2211: Electric Power Generation, Transmission, and Distribution Establishments
Parent/child status
Central organization
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