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Nonprofit · EIN 41-0144943

BELTRAMI ELECTRIC COOPERATIVE

Tax-exempt · BEMIDJI, MN 56619

Financials

$62.5M$61.6M2023$61.3M$60.4M2024
Revenue Expenses · by fiscal year end
Financials of BELTRAMI ELECTRIC COOPERATIVE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$61,294,466$60,389,722$904,744$139,080,509$86,965,990$52,114,519
December 31, 2023990$62,489,239$61,555,125$934,114$137,462,177$85,288,582$52,173,595
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$60,162,555
Investment income
$159,744
Net rental income
-$8,876
Net gain from sales of assets
$5,182
Net income from sales of inventory
$9,840
Other revenue
$972,167

Expenses

Grants and similar amounts paid
$23,019
Benefits paid to members
$365,019
Compensation of officers, directors and key employees
$813,078
Other salaries and wages
$6,039,858
Salaries, compensation and benefits (total)
$8,607,518
Professional fundraising fees
$0
Depreciation
$4,738,260

Balance sheet and other

Total assets, start of year
$137,462,177
Total assets, end of year
$139,080,509
Total liabilities, end of year
$86,965,990
Net assets, end of year
$52,114,519
Land, buildings and equipment
$110,406,345
Gross unrelated business income
$378,844
Gross receipts
$61,636,992
Employees
68
Volunteers
0
Year formed
1940
State of legal domicile
MN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
JARED ECHTERNACHCEO
Officer
52$311,881$134,499
ARLENE HOGQUISTDIRECTOR OF FINANCE & CORPORATE SERVICES
Officer
46$176,252$171,385
LEE PEMBERTONMANAGER OF OPERATIONS
Highest-paid employee
46$143,343$105,795
RICHARD RIEWERMANAGER OF ENGINEERING
Highest-paid employee
41$164,092$84,222
MIKE BIRKELANDVP OF ELECTRIFICATION & MEMBER EXPERIENCE
Highest-paid employee
45$174,231$66,317
RYAN ROGERSLINE FOREMAN
Highest-paid employee
47$139,830$33,632
NICKOLAS ZIMMELLINE FOREMAN
Highest-paid employee
47$135,433$33,527
JOHN LUNDCHAIR/DIRECTOR
Trustee or director
6.35$25,547$0
SUZANNE KRINGENVICE CHAIR/DIRECTOR
Trustee or director
5.37$16,231$0
CRAIG GAASVIGDIRECTOR
Trustee or director
4.04$15,780$0
ROBERT WALLNERDIRECTOR
Trustee or director
3.56$14,988$0
SHARON LEMBKETREASURER/DIRECTOR
Trustee or director
4.75$14,378$0
MURL NORDSECRETARY/DIRECTOR
Trustee or director
5.37$14,016$0
DONALD PERKINSDIRECTOR
Trustee or director
4.65$12,442$0
RICHARD COEDIRECTOR
Trustee or director
4.65$10,862$0
1 more people on this return
NameTitleHours / weekCompensation
KEVIN GEERDESDIRECTOR
Trustee or director
2.23$8,349
990 for the year ended December 31, 2023: 16 people
NameTitleHours / weekCompensationOther / benefits
JARED ECHTERNACHCEO
Officer
53.18$293,802$111,264
ARLENE HOGQUISTDIRECTOR OF FINANCE & CORPORATE SERVICES
Officer
46.83$168,477$178,523
RICHARD RIEWERMANAGER OF ENGINEERING
Highest-paid employee
41.37$160,109$72,275
LEE PEMBERTONMANAGER OF OPERATIONS
Highest-paid employee
43.78$136,969$87,864
MIKE BIRKELANDVP OF ELECTRIFICATION & MEMBER EXPERIENCE
Highest-paid employee
43.75$168,853$53,237
RICHARD HARRISOCR TECH LINEMAN
Highest-paid employee
45.56$124,949$40,137
ERIC SPLICHALJOURNEYMAN LINEMAN
Highest-paid employee
45.77$124,606$38,214
SUZANNE KRINGENVICE PRES/DIRECTOR
Trustee or director
5.7$20,812$0
JOHN LUNDPRESIDENT/DIRECTOR
Trustee or director
4.4$19,771$0
MICHAEL MONSRUDDIRECTOR
Trustee or director
6.3$16,069$0
MURL NORDSECRETARY/DIRECTOR
Trustee or director
5.8$13,133$0
CRAIG GAASVIGDIRECTOR
Trustee or director
3.4$13,040$0
ROBERT WALLNERDIRECTOR
Trustee or director
3$12,798$0
SHARON LEMBKETREASURER/DIRECTOR
Trustee or director
4.2$12,699$0
DONALD PERKINSDIRECTOR
Trustee or director
3.8$11,534$0
RICHARD COEDIRECTOR
Trustee or director
5.6$9,956$0

Address and contacts

Address (IRS master file)
PO BOX 488, BEMIDJI, MN 56619-0488
Principal officer (990 for 2024)
JARED ECHTERNACH, 4111 TECHNOLOGY DR NW, BEMIDJI, MN 56601
Signed the 990
ARLENE HOGQUIST, DIRECTOR-FINANCE & CORP SERV
Phone
(218) 444-3632
Return prepared by
BRADY MARTZ & ASSOCIATES PC

Mission

TO PROVIDE EXCELLENT VALUE TO OUR MEMBERS THROUGH THE SAFE DELIVERY OF RELIABLE ELECTRIC SERVICE, EXCELLENT MEMBER SERVICE, AND INNOVATIVE ENERGY SOLUTIONS AT FAIR AND REASONABLE PRICES.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDED ENERGY TO 18,520 MEMBERS AND 22,512 CUSTOMERS.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Check at the IRS
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
41-0144943
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1946
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$143,159,745
Income (IRS master file)
$64,637,558

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$61,294,466$60,389,722$139,080,509XML
990December 2023$62,489,239$61,555,125$137,462,177XML
990December 2022$59,261,181$59,055,422$138,158,231IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-0144943).

Questions about BELTRAMI ELECTRIC COOPERATIVE

What is the EIN of BELTRAMI ELECTRIC COOPERATIVE?
The employer identification number (EIN) of BELTRAMI ELECTRIC COOPERATIVE is 41-0144943.
Is BELTRAMI ELECTRIC COOPERATIVE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1946.
Are donations to BELTRAMI ELECTRIC COOPERATIVE tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does BELTRAMI ELECTRIC COOPERATIVE file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of BELTRAMI ELECTRIC COOPERATIVE due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did BELTRAMI ELECTRIC COOPERATIVE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of BELTRAMI ELECTRIC COOPERATIVE?
The 990 for the year ended December 31, 2024 names JARED ECHTERNACH.
Who are the officers and directors of BELTRAMI ELECTRIC COOPERATIVE?
The 990 for the year ended December 31, 2024 lists 16 people; 16 received compensation from the organization, the highest $311,881 (JARED ECHTERNACH, CEO).
How much revenue does BELTRAMI ELECTRIC COOPERATIVE have?
On its 990 for the year ended December 31, 2024 it reported revenue of $61,294,466, expenses of $60,389,722 and total assets of $139,080,509 at year end.

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