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EIN 41-0223597

Runestone Electric Association

IRS 501(c) type
501(c)(12)
Num. employees
41
City
Alexandria
State
Minnesota
Year formed
1935
Most recent tax filings
2023-12-01
NTEE code, primary
W80: Public Utilities
Description
The Runestone Electric Association is an electric energy provider dedicated to supplying safe, reliable, and affordable electricity to its 14,748 residential, seasonal, and commercial accounts in Alexandria, MN.
Total revenues
$32,966,732
2023
Total expenses
$32,966,732
2023
Total assets
$103,047,892
2023
Num. employees
41
2023

Program areas at Runestone Electric Association

Sales and distribution of electricity to 15,239 residential, seasonal, and commercial accounts.

Personnel at Runestone Electric Association

NameTitleCompensation
Alan HamanChief Executive Officer$261,834
Janet NelsonManager Finance$143,873
Susan LundeenManager of Member Services$135,764
Ryan RooneyEnergy Services and Business Development Manager$131,945
Cody BlakemanJourneyman Lineman$107,764
...and 4 more key personnel

Financials for Runestone Electric Association

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$31,643,779
Investment income and dividends$1,179,836
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$1,409
Net gain from sale of non-inventory assets$1,000
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$140,708
Total revenues$32,966,732

Form 990s for Runestone Electric Association

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-13990View PDF
2022-122023-05-10990View PDF
2021-122022-05-11990View PDF
2020-122021-05-14990View PDF
2019-122021-05-12990OView PDF
...and 9 more Form 990s

Organizations like Runestone Electric Association

OrganizationLocationRevenue
Lake Region Electric AssociationWebster, SD$19,790,370
Cordova Electric CooperativeCordova, AK$8,505,578
Federated Rural Electric AssociationJackson, MN$40,566,669
Lamar Electric CooperativeBlossom, TX$28,280,348
Kit Carson Electric CooperativeTaos, NM$57,387,729
South Central Indiana Rural Electric Membership CorporationMartinsville, IN$101,798,961
Beltrami Electric CooperativeBemidji, MN$59,261,181
Buckeye Rural Electric CooperativeRio Grande, OH$45,001,606
Henry County RemcNew Castle, IN$26,891,779
Petit Jean Electric Cooperative CorporationClinton, AR$46,747,332
Data update history
July 15, 2024
Used new vendors
Identified 1 new vendor, including
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 6, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 30, 2023
Updated personnel
Identified 2 new personnel
June 16, 2023
Used new vendors
Identified 3 new vendors, including , , and
Nonprofit Types
Public utilitiesPublic sector nonprofits
Issues
No issues found
Characteristics
State / local level
General information
Address
6839 Power LN SW
Alexandria, MN 56308
County
Douglas County, MN
Website URL
runestoneelectric.com/about-rea/board-of-directors/ 
Phone
(320) 762-1121
IRS details
EIN
41-0223597
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1935
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
Independent
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