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EIN 41-0558175

Stearns Electric Association

IRS 501(c) type
501(c)(12)
Num. employees
84
City
Melrose
State
Minnesota
Year formed
1937
Most recent tax filings
2023-12-01
NTEE code, primary
W80: Public Utilities
Description
The Stearns Electric Association is a Cooperative which provides electricity to its members on a Cooperative basis. It generated and sold 533,945,565 kwh to its members in 2019, with the average number of total services being 27,114. Furthermore, its net patronage margins, or net income, returns back to us. The Association is located in Melrose, MN.
Also known as...
Stearns Cooperative Electric Association
Total revenues
$68,934,211
2023
Total expenses
$68,934,211
2023
Total assets
$164,428,387
2023
Num. employees
84
2023

Program areas at Stearns Electric Association

Sold 551,840,851 kwh's to our Cooperative members in 2023. The average number of total services was 28,291. We operate on a Cooperative basis to generate, purchase, distribute, and sell electricity to our members. Net patronage margins, our net income, is used to grow our plant and retire capital credits. Net margins are allocated to members and returned to our members over time.

Personnel at Stearns Electric Association

NameTitleCompensation
Matthew O'SheaChief Executive Officer$197,399
James PachanVice President of Engineering and Operations$165,708
Victoria HerkenhoffVice President of Administration and Finance$184,790
Glenn BlommelManager of Operations$173,020
Cindy AndersonManager of Finance$143,477
...and 12 more key personnel

Financials for Stearns Electric Association

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$64,959,492
Investment income and dividends$392,745
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$80,280
Net gain from sale of non-inventory assets$18,541
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$12,947
Miscellaneous revenues$3,470,206
Total revenues$68,934,211

Form 990s for Stearns Electric Association

Fiscal year endingDate received by IRSFormPDF link
2023-122024-10-11990View PDF
2022-122023-10-30990View PDF
2021-122022-05-06990View PDF
2020-122021-11-02990View PDF
2019-122021-06-08990View PDF
...and 10 more Form 990s

Organizations like Stearns Electric Association

OrganizationLocationRevenue
FreeState Electric CooperativeTopeka, KS$47,018,053
Three Rivers Electric CooperativeLinn, MO$48,189,109
Little Ocmulgee Electric Membership CorporationAlamo, GA$23,990,414
Lake Region Electric CooperativePelican Rapids, MN$57,227,491
United PowerBrighton, CO$342,490,393
Minnesota Valley Electric CooperativeJordan, MN$112,862,188
Mid-Carolina Electric Cooperative Attn Theresa CrepesLexington, SC$144,829,639
Mountain Electric CooperativeMountain City, TN$72,876,656
Eastern Iowa Light and Power CooperativeWilton, IA$68,261,552
Escambia River Electric Cooperative (EREC)Jay, FL$31,915,839
Data update history
October 19, 2024
Updated personnel
Identified 2 new personnel
January 21, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 21, 2024
Updated personnel
Identified 3 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
August 17, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Public utilitiesPublic sector nonprofitsHeadquarter / parent organizations
Issues
No issues found
Characteristics
No characteristics found
General information
Address
900 Kraft Dr Se PO Box 40
Melrose, MN 56352
Metro area
St. Cloud, MN
County
Stearns County, MN
Website URL
stearnselectric.org/ 
Phone
(800) 962-0655
IRS details
EIN
41-0558175
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
Independent
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