Nonprofit · EIN 41-0345595
KANDIYOHI POWER COOPERATIVE
Tax-exempt · SPICER, MN 56288
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $23,791,639 | $23,754,534 | $37,105 | $76,130,838 | $39,838,277 | $36,292,561 |
| December 31, 2023 | 990 | $24,404,256 | $24,168,407 | $235,849 | $74,936,440 | $38,986,395 | $35,950,045 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $23,103,404
- Investment income
- $95,501
- Net rental income
- $19,495
- Net gain from sales of assets
- $7,758
- Other revenue
- $592,734
Expenses
- Grants and similar amounts paid
- $17,329
- Benefits paid to members
- $1,455,168
- Compensation of officers, directors and key employees
- $574,679
- Salaries, compensation and benefits (total)
- $574,679
- Professional fundraising fees
- $0
- Depreciation
- $2,514,796
Balance sheet and other
- Total assets, start of year
- $74,936,440
- Total assets, end of year
- $76,130,838
- Total liabilities, end of year
- $39,838,277
- Net assets, end of year
- $36,292,561
- Land, buildings and equipment
- $55,118,150
- Gross unrelated business income
- $74,867
- Gross receipts
- $23,959,100
- Employees
- 29
- Volunteers
- 0
- Year formed
- 1938
- 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 |
|---|---|---|---|---|
| RYAN NELSON | CEO Officer | 40 | $223,437 | $56,750 |
| PATRICK KRUEGER | CFO Officer | 40 | $164,449 | $49,835 |
| CASEY JENNY | JOURNEYMAN LINE TECH IN-CHARGE Highest-paid employee | 45.11 | $131,025 | $37,164 |
| MICHAEL MARCUS | JOURNEYMAN LINE TECH IN-CHARGE Highest-paid employee | 44.74 | $127,157 | $37,319 |
| BRENT HATLESTAD | LINE SUPERINTENDENT Highest-paid employee | 40 | $124,418 | $39,405 |
| TROY MEAD | LINE FOREMAN Highest-paid employee | 41.93 | $116,913 | $38,966 |
| DUSTIN WELZ | JOURNEYMAN LINE TECH IN-CHARGE Highest-paid employee | 43.11 | $120,731 | $31,382 |
| DALE ANDERSON | CHAIR Trustee or director | 10.85 | $9,530 | $0 |
| LARRY POWERS | DIRECTOR Trustee or director | 6.76 | $9,455 | $0 |
| STANLEY WUBBEN | SECRETARY Trustee or director | 6.81 | $9,180 | $0 |
| TODD POST | VICE CHAIR Trustee or director | 7.52 | $9,055 | $0 |
| KELLY ERICKSON | DIRECTOR Trustee or director | 7.29 | $8,955 | $0 |
| ROLLO CAMPE | DIRECTOR Trustee or director | 3.65 | $8,205 | $0 |
| DARRELL FOSTERVOLD | DIRECTOR Trustee or director | 7.37 | $8,080 | $0 |
| DIANE HELGESON | DIRECTOR Trustee or director | 5.53 | $8,080 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAN POMRANKE | DIRECTOR Trustee or director | 4.96 | $7,455 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RYAN NELSON | CEO Officer | 40 | $177,504 | $49,802 |
| PATRICK KRUEGER | CFO Officer | 40 | $136,536 | $44,899 |
| TROY MEAD | LINE FOREMAN Highest-paid employee | 42.38 | $116,169 | $37,716 |
| MICHAEL MARCUS | JOURNEYMAN LINE TECH IN-CHARGE Highest-paid employee | 42.52 | $113,106 | $37,081 |
| CASEY JENNY | JOURNEYMAN LINE TECH IN-CHARGE Highest-paid employee | 42.57 | $111,522 | $36,969 |
| DUSTIN WELZ | JOURNEYMAN LINE TECH IN-CHARGE Highest-paid employee | 42.56 | $114,754 | $30,923 |
| ROBERT SANKEY | JOURNEYMAN LINE TECH IN-CHARGE Highest-paid employee | 42.42 | $114,766 | $15,237 |
| TODD POST | VICE CHAIR Trustee or director | 10 | $10,305 | $0 |
| DIANE HELGESON | DIRECTOR Trustee or director | 5.36 | $8,955 | $0 |
| STANLEY WUBBEN | SECRETARY Trustee or director | 6.52 | $8,805 | $0 |
| KELLY ERICKSON | DIRECTOR Trustee or director | 6.75 | $8,705 | $0 |
| DALE ANDERSON | CHAIR Trustee or director | 10.27 | $8,655 | $0 |
| ROLLO CAMPE | DIRECTOR Trustee or director | 4.03 | $8,580 | $0 |
| LARRY POWERS | DIRECTOR Trustee or director | 6.78 | $8,455 | $0 |
| DAN POMRANKE | DIRECTOR Trustee or director | 5.99 | $8,330 | $0 |
| DARRELL FOSTERVOLD | DIRECTOR (STARTED APRIL 2023) Trustee or director | 4.34 | $5,345 | $0 |
| ROBBERT STONE | DIRECTOR (THROUGH MARCH 2023) Trustee or director | 4.08 | $2,235 | $0 |
Address and contacts
- Address (IRS master file)
- 8605 47TH ST NE, SPICER, MN 56288-4617
- Principal officer (990 for 2024)
- PATRICK KRUEGER, 8605 47TH ST NE, SPICER, MN 56288
- Signed the 990
- PATRICK KRUEGER, CFO
- Phone
- (320) 796-0991
- Website
- WWW.KPCOOP.COM
- Return prepared by
- BRADY MARTZ & ASSOCIATES PC
Mission
TO PROVIDE ELECTRIC DISTRIBUTION AND OTHER RELATED SERVICES TO ITS 9,049 MEMBERS.
Program accomplishments
- DISTRIBUTION OF ELECTRIC ENERGY AND RELATED SERVICES TO 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
- 41-0345595
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1941
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $76,130,838
- Income (IRS master file)
- $23,959,100
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $23,791,639 | $23,754,534 | $76,130,838 | XML |
| 990 | December 2023 | $24,404,256 | $24,168,407 | $74,936,440 | XML |
| 990 | December 2022 | $22,281,330 | $22,081,711 | $73,609,035 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 41-0345595).
Questions about KANDIYOHI POWER COOPERATIVE
- What is the EIN of KANDIYOHI POWER COOPERATIVE?
- The employer identification number (EIN) of KANDIYOHI POWER COOPERATIVE is 41-0345595.
- Is KANDIYOHI POWER COOPERATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1941.
- Are donations to KANDIYOHI POWER COOPERATIVE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does KANDIYOHI POWER 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 KANDIYOHI POWER COOPERATIVE 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 KANDIYOHI POWER 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 KANDIYOHI POWER COOPERATIVE?
- The 990 for the year ended December 31, 2024 names PATRICK KRUEGER.
- Who are the officers and directors of KANDIYOHI POWER COOPERATIVE?
- The 990 for the year ended December 31, 2024 lists 16 people; 16 received compensation from the organization, the highest $223,437 (RYAN NELSON, CEO).
- How much revenue does KANDIYOHI POWER COOPERATIVE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $23,791,639, expenses of $23,754,534 and total assets of $76,130,838 at year end.
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