Nonprofit · EIN 41-0266055
FREEBORN-MOWER COOPERATIVE SERVICES
Tax-exempt · ALBERT LEA, MN 56007
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $60,266,711 | $60,093,840 | $172,871 | $159,183,214 | $110,235,417 | $48,947,797 |
| December 31, 2023 | 990 | $61,656,883 | $59,885,004 | $1,771,879 | $151,110,003 | $104,103,861 | $47,006,142 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $58,546,080
- Investment income
- $114,118
- Net gain from sales of assets
- -$90,565
- Net income from sales of inventory
- $13,403
- Other revenue
- $1,606,513
Expenses
- Grants and similar amounts paid
- $37,550
- Benefits paid to members
- $3,004,503
- Compensation of officers, directors and key employees
- $520,247
- Salaries, compensation and benefits (total)
- $520,247
- Professional fundraising fees
- $0
- Depreciation
- $4,604,836
Balance sheet and other
- Total assets, start of year
- $151,110,003
- Total assets, end of year
- $159,183,214
- Total liabilities, end of year
- $110,235,417
- Net assets, end of year
- $48,947,797
- Land, buildings and equipment
- $125,238,577
- Publicly traded securities
- $2,912,692
- Gross unrelated business income
- $40,990
- Gross receipts
- $60,844,050
- Employees
- 70
- Volunteers
- 0
- Year formed
- 1936
- 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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAMES KRUEGER | PRESIDENT/CEO Officer | 45 | $244,078 | $90,431 |
| AL STADHEIM | DIRECTOR OF ENGIN & OPERATIONS Highest-paid employee | 40 | $170,297 | $63,073 |
| JACK KORTAN | MANAGER OF OPERATIONS Highest-paid employee | 40 | $141,353 | $82,433 |
| AL CASTERTON | WORKING FOREMAN Highest-paid employee | 48 | $135,715 | $63,494 |
| BRAD DEVRIES | WORKING FOREMAN Highest-paid employee | 50 | $152,113 | $40,542 |
| NICHOLAS ROLFING | SERVICE REPRESENTATIVE Highest-paid employee | 48 | $146,369 | $15,117 |
| RICHARD SCHAUFLER | DIRECTOR Trustee or director | 10 | $25,523 | $0 |
| JOHN JACK KORMAN | BOARD CHAIR Trustee or director | 8 | $23,760 | $0 |
| STEVE GARBISCH | TREASURER Trustee or director | 3 | $20,897 | $0 |
| FRANK FRYER | SECRETARY Trustee or director | 3 | $20,879 | $0 |
| MATT MARAS | DIRECTOR Trustee or director | 6 | $20,067 | $0 |
| DENNIS ANDERSON | VICE CHAIRMAN Trustee or director | 4 | $19,860 | $0 |
| LARRY IRVINE | DIRECTOR Trustee or director | 4 | $19,515 | $0 |
| WILLIAM TRYGSTAD | DIRECTOR Trustee or director | 5 | $18,276 | $0 |
| JAY NEITZELL | DIRECTOR Trustee or director | 3 | $16,882 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAMES KRUEGER | PRESIDENT/CEO Officer | 45 | $225,361 | $80,606 |
| AL STADHEIM | DIRECTOR OF ENGIN & OPERAT Highest-paid employee | 40 | $162,105 | $58,748 |
| JACK KORTAN | MANAGER OF OPERATIONS Highest-paid employee | 40 | $134,884 | $78,078 |
| BRAD DEVRIES | WORKING FOREMAN Highest-paid employee | 47 | $124,534 | $38,811 |
| ETHAN EGGUM | WORKING FOREMAN Highest-paid employee | 46 | $120,544 | $38,659 |
| SCOTT SHEELY | JOURNEYMAN LINEWORKER Highest-paid employee | 48 | $118,883 | $35,718 |
| JOHN JACK KORMAN | BOARD CHAIR Trustee or director | 8 | $14,107 | $0 |
| RICHARD SCHAUFLER | DIRECTOR Trustee or director | 10 | $13,189 | $0 |
| FRANK FRYER | SECRETARY Trustee or director | 3 | $12,686 | $0 |
| DENNIS ANDERSON | VICE CHAIRMAN Trustee or director | 4 | $12,248 | $0 |
| STEVE GARBISCH | TREASURER Trustee or director | 3 | $12,209 | $0 |
| WILLIAM TRYGSTAD | DIRECTOR Trustee or director | 5 | $11,638 | $0 |
| LARRY IRVINE | DIRECTOR Trustee or director | 4 | $11,114 | $0 |
| JAY NEITZELL | DIRECTOR Trustee or director | 3 | $10,914 | $0 |
| MATT MARAS | DIRECTOR (STARTED APRIL 2023) Trustee or director | 2 | $7,352 | $0 |
| JOE PACOVSKY | DIRECTOR (THROUGH APRIL 2023) Trustee or director | 3 | $4,669 | $0 |
Address and contacts
- Address (IRS master file)
- 3366 BRIDGE AVE, ALBERT LEA, MN 56007-4248
- Signed the 990
- JIM KRUEGER, CEO/PRESIDENT
- Phone
- (507) 373-6421
- Website
- WWW.FMEC.COOP
- Return prepared by
- BRADY MARTZ & ASSOCIATES PC
Mission
PROVIDE ELECTRIC POWER TO THE MEMBERS OF THE COOPERATIVE WHICH CONSISTS OF APPROXIMATELY 17,765 MEMBERS.
Program accomplishments
- PROVIDE ELECTRIC POWER TO THE MEMBERS OF THE COOPERATIVE WHICH CONSISTS OF APPROXIMATELY 17,765 MEMBERS.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-0266055
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y22)
- Assets (IRS master file)
- $159,183,214
- Income (IRS master file)
- $60,844,050
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $60,266,711 | $60,093,840 | $159,183,214 | XML |
| 990 | December 2023 | $61,656,883 | $59,885,004 | $151,110,003 | XML |
| 990 | December 2022 | $62,118,752 | $61,090,269 | $146,099,899 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 41-0266055).
Questions about FREEBORN-MOWER COOPERATIVE SERVICES
- What is the EIN of FREEBORN-MOWER COOPERATIVE SERVICES?
- The employer identification number (EIN) of FREEBORN-MOWER COOPERATIVE SERVICES is 41-0266055.
- Is FREEBORN-MOWER COOPERATIVE SERVICES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 2007.
- Are donations to FREEBORN-MOWER COOPERATIVE SERVICES tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FREEBORN-MOWER COOPERATIVE SERVICES 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 FREEBORN-MOWER COOPERATIVE SERVICES due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FREEBORN-MOWER COOPERATIVE SERVICES last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of FREEBORN-MOWER COOPERATIVE SERVICES?
- The 990 for the year ended December 31, 2024 lists 15 people; 15 received compensation from the organization, the highest $244,078 (JAMES KRUEGER, PRESIDENT/CEO).
- How much revenue does FREEBORN-MOWER COOPERATIVE SERVICES have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $60,266,711, expenses of $60,093,840 and total assets of $159,183,214 at year end.
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