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FREEBORN MOWER ELECTRIC COOPERATIVE

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Public IRS 990 nonprofit record

FREEBORN MOWER ELECTRIC COOPERATIVE

EIN 41-0266055 · Local Benevolent Life Insurance Associations (Y22)

What they do

PROVIDE ELECTRIC POWER to THE MEMBERS of THE COOPERATIVE WHICH CONSISTS of APPROXIMATELY 17,765 MEMBERS.

Before you give

Should I give to this charity?

Easy charity check
We do not have enough spending detail

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Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders15 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$99.71spent for every $100 of revenueRevenue covered expenses this year.
$2.65in assets for every $1 spent this yearSome assets cannot be spent right away.

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  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $334,509 for JAMES KRUEGER (PRESIDENT/CEO). Compare pay with organizations of similar size and complexity.

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Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$60,266,711
Expenses$60,093,840
Annual surplus $172,871 Revenue was higher than expenses for this filing year.
See all reported dollar amounts
Revenue$60,266,711
Expenses$60,093,840
Assets$159,183,214
Income$60,844,050
Grants given$30,000
Average grant$30,000
Stocks and bonds$2,912,692
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
JAMES KRUEGERPRESIDENT/CEO · 45 hrs/week $334,509Base $244,078 · Other $90,431
AL STADHEIMDIRECTOR OF ENGIN & OPERATIONS · 40 hrs/week $233,370Base $170,297 · Other $63,073
JACK KORTANMANAGER OF OPERATIONS · 40 hrs/week $223,786Base $141,353 · Other $82,433
AL CASTERTONWORKING FOREMAN · 48 hrs/week $199,209Base $135,715 · Other $63,494
BRAD DEVRIESWORKING FOREMAN · 50 hrs/week $192,655Base $152,113 · Other $40,542
NICHOLAS ROLFINGSERVICE REPRESENTATIVE · 48 hrs/week $161,486Base $146,369 · Other $15,117
RICHARD SCHAUFLERDIRECTOR · 10 hrs/week $25,523
JOHN JACK KORMANBOARD CHAIR · 8 hrs/week $23,760
STEVE GARBISCHTREASURER · 3 hrs/week $20,897
FRANK FRYERSECRETARY · 3 hrs/week $20,879
MATT MARASDIRECTOR · 6 hrs/week $20,067
DENNIS ANDERSONVICE CHAIRMAN · 4 hrs/week $19,860

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (15)

JAMES KRUEGERPRESIDENT/CEO

AL STADHEIMDIRECTOR OF ENGIN & OPERATIONS

JACK KORTANMANAGER OF OPERATIONS

AL CASTERTONWORKING FOREMAN

BRAD DEVRIESWORKING FOREMAN

NICHOLAS ROLFINGSERVICE REPRESENTATIVE

RICHARD SCHAUFLERDIRECTOR

JOHN JACK KORMANBOARD CHAIR

STEVE GARBISCHTREASURER

FRANK FRYERSECRETARY

MATT MARASDIRECTOR

DENNIS ANDERSONVICE CHAIRMAN

LARRY IRVINEDIRECTOR

WILLIAM TRYGSTADDIRECTOR

JAY NEITZELLDIRECTOR

About this charity

Recognized since
January 2007
Location
3366 BRIDGE AVE, ALBERT LEA, MN 56007-4248
County
Freeborn
In care of
JIM KRUEGER
Primary officer
JIM KRUEGER, CEO/PRESIDENT

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
BRADY MARTZ & ASSOCIATES PC
NTEE classification
Local Benevolent Life Insurance Associations (Y22)
IRS tax category
Local Benevolent Life Insurance Associations
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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