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Nonprofit · EIN 41-0330817

ITASCA MANTRAP CO-OP ELECTRICAL ASSN

Tax-exempt · PARK RAPIDS, MN 56470

Financials

$31.5M$31.5M2023$32.6M$32.6M2024
Revenue Expenses · by fiscal year end
Financials of ITASCA MANTRAP CO-OP ELECTRICAL ASSN by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$32,595,678$32,595,678$0$75,612,519$39,497,508$36,115,011
December 31, 2023990$31,499,670$31,499,670$0$73,502,047$37,558,798$35,943,249
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$31,567,385
Investment income
$136,988
Net gain from sales of assets
$8,255
Net income from sales of inventory
$10,815
Other revenue
$891,305

Expenses

Grants and similar amounts paid
$13,166
Benefits paid to members
$1,612,324
Compensation of officers, directors and key employees
$1,018,457
Salaries, compensation and benefits (total)
$1,018,457
Professional fundraising fees
$0
Depreciation
$2,457,426

Balance sheet and other

Total assets, start of year
$73,502,047
Total assets, end of year
$75,612,519
Total liabilities, end of year
$39,497,508
Net assets, end of year
$36,115,011
Land, buildings and equipment
$48,642,492
Gross unrelated business income
$10,815
Gross receipts
$32,675,364
Employees
35
Volunteers
0
Year formed
1939
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
CHRISTINE FOXPRESIDENT & CEO
Officer
40$235,463$47,475
GERALD BYEROPERATIONS MANAGER - FORMER OFFICER
Former
40$131,243$114,630
SHANNON SNELLDIRECTOR OF OPERATIONS
Officer
40$151,459$33,646
CASEY DAVISLEAD LINEMAN
Highest-paid employee
40$122,545$55,426
DAN COXJOURNEYMAN LINEMAN
Highest-paid employee
40$125,743$33,366
CHRISTOPHER BUNGERTJOURNEYMAN
Highest-paid employee
40$121,245$35,329
CHAD GRANDEJOURNEYMAN
Highest-paid employee
40$120,686$33,395
MICHAEL MOENLEAD LINEMAN
Highest-paid employee
40$126,172$21,039
NICOLE TORKELSONMARKETING/MEMBER SERVICES MANAGER
Officer
40$100,771$36,682
MINDY YOUNGCFO
Officer
40$95,043$19,700
STEVEN M JOHNSONPRESIDENT & CEO
Officer
40$26,126$2,197
TIM KIVISECRETARY
Trustee or director
3.39$13,725$0
BRIAN BEHRENSCHAIR
Trustee or director
4.58$13,000$0
TERRY COOKVICE CHAIR
Trustee or director
5.87$12,200$0
PAT ROEHLTREASURER
Trustee or director
3.95$11,600$0
3 more people on this return
NameTitleHours / weekCompensation
AL CZECZOKASSISTANT SECRETARY/TREASURER
Trustee or director
2.79$11,400
NANCY UTKEDIRECTOR
Trustee or director
7.1$11,200
DAN BREITBACHDIRECTOR
Trustee or director
4.18$10,800
990 for the year ended December 31, 2023: 18 people
NameTitleHours / weekCompensationOther / benefits
CHRISTINE FOXPRESIDENT/CEO
Officer
40$219,774$44,792
GERALD BYEROPERATIONS MANAGER - FORMER OFFICER
Former
40$110,148$111,105
CASEY DAVISLEAD LINEMAN
Highest-paid employee
40$111,944$71,055
SHANNON SNELLDIRECTOR OF OPERATIONS
Officer
40$136,703$13,672
DAN COXJOURNEYMAN LINEMAN
Highest-paid employee
40$115,919$31,858
CHRISTOPHER BUNGERTJOURNEYMAN
Highest-paid employee
40$115,087$32,180
CHAD GRANDEJOURNEYMAN
Highest-paid employee
40$109,675$28,581
MICHAEL MOENLEAD LINEMAN
Highest-paid employee
40$116,835$17,657
NICOLE TORKELSONMARKETING/MEMBER SERVICES MANAGER
Officer
40$93,537$36,229
MINDY YOUNGCFO
Officer
40$75,171$4,625
ESTHER SIMONCFO
Officer
40$58,246$17,430
TERRY COOKTREASURER
Trustee or director
5.76$12,200$0
NANCY UTKEDIRECTOR
Trustee or director
7.89$12,000$0
BRIAN BEHRENSCHAIR
Trustee or director
3.5$11,600$0
DAN BREITBACHVICE CHAIR
Trustee or director
3.59$10,400$0
AL CZECZOKASSISTANT SECRETARY/TREASURER
Trustee or director
2.14$10,400$0
PAT ROEHLDIRECTOR
Trustee or director
2.65$10,000$0
TIM KIVISECRETARY
Trustee or director
3.55$9,675$0

Address and contacts

Address (IRS master file)
PO BOX 19, PARK RAPIDS, MN 56470-0019
Principal officer (990 for 2024)
STEVEN M JOHNSON, PO BOX 192, PARK RAPIDS, MN 56470
Signed the 990
STEVEN M JOHNSON, PRESIDENT & CEO
Phone
(218) 732-3377
Return prepared by
BRADY MARTZ & ASSOCIATES PC

Mission

DISTRIBUTE ELECTRIC ENERGY TO MEMBERS.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDE ELECTRIC ENERGY TO 10,533 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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
41-0330817
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1942
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$75,612,519
Income (IRS master file)
$32,675,364

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$32,595,678$32,595,678$75,612,519XML
990December 2023$31,499,670$31,499,670$73,502,047XML
990December 2022$30,902,494$30,902,493$72,198,735IRS
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 41-0330817).

Questions about ITASCA MANTRAP CO-OP ELECTRICAL ASSN

What is the EIN of ITASCA MANTRAP CO-OP ELECTRICAL ASSN?
The employer identification number (EIN) of ITASCA MANTRAP CO-OP ELECTRICAL ASSN is 41-0330817.
Is ITASCA MANTRAP CO-OP ELECTRICAL ASSN tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1942.
Are donations to ITASCA MANTRAP CO-OP ELECTRICAL ASSN tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does ITASCA MANTRAP CO-OP ELECTRICAL ASSN 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 ITASCA MANTRAP CO-OP ELECTRICAL ASSN 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 ITASCA MANTRAP CO-OP ELECTRICAL ASSN 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 ITASCA MANTRAP CO-OP ELECTRICAL ASSN?
The 990 for the year ended December 31, 2024 names STEVEN M JOHNSON.
Who are the officers and directors of ITASCA MANTRAP CO-OP ELECTRICAL ASSN?
The 990 for the year ended December 31, 2024 lists 18 people; 18 received compensation from the organization, the highest $235,463 (CHRISTINE FOX, PRESIDENT & CEO).
How much revenue does ITASCA MANTRAP CO-OP ELECTRICAL ASSN have?
On its 990 for the year ended December 31, 2024 it reported revenue of $32,595,678, expenses of $32,595,678 and total assets of $75,612,519 at year end.

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