Nonprofit · EIN 41-0419129
MINNESOTA VALLEY COOPERATIVE LIGHT AND POWER ASSOCIATION
Tax-exempt · MONTEVIDEO, MN 56265
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $29,138,552 | $29,291,825 | -$153,273 | $106,148,192 | $69,460,462 | $36,687,730 |
| December 31, 2024 | 990 | $26,016,362 | $25,343,416 | $672,946 | $101,109,680 | $65,817,111 | $35,292,569 |
| December 31, 2023 | 990 | $25,650,557 | $26,043,792 | -$393,235 | $95,415,919 | $62,163,662 | $33,252,257 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $26,991,688
- Investment income
- $750,429
- Net gain from sales of assets
- $52,605
- Net income from sales of inventory
- $96,993
- Other revenue
- $1,396,435
Expenses
- Grants and similar amounts paid
- $53
- Benefits paid to members
- $3,361,018
- Compensation of officers, directors and key employees
- $1,215,523
- Salaries, compensation and benefits (total)
- $1,215,523
- Professional fundraising fees
- $0
- Depreciation
- $2,964,434
Balance sheet and other
- Total assets, start of year
- $101,109,680
- Total assets, end of year
- $106,148,192
- Total liabilities, end of year
- $69,460,462
- Net assets, end of year
- $36,687,730
- Land, buildings and equipment
- $77,327,562
- Gross unrelated business income
- $446,900
- Gross receipts
- $30,060,364
- Employees
- 33
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PATRICK CARRUTH | GENERAL MANAGER Officer | 40 | $551,452 | $278,402 |
| SCOTT KUBESH | MEMBER SERVICES MANAGER Highest-paid employee | 40 | $166,685 | $131,101 |
| TODD BOLKEMA | ENGINEERING AND OPERATIONS MANAGER Highest-paid employee | 40 | $201,088 | $57,807 |
| JILL ROTHSCHADL | OFFICE MANAGER Officer | 40 | $184,187 | $61,939 |
| KENT SMITH | FOREMAN Highest-paid employee | 40 | $129,404 | $65,386 |
| ANTHONY BEDNAREK | LINEMAN Highest-paid employee | 40 | $129,468 | $13,950 |
| TYLER DEZEEUW | LINEMAN Highest-paid employee | 40 | $129,039 | $8,459 |
| MARK PETERSON | SECRETARY Trustee or director | 8 | $19,200 | $0 |
| TIMOTHY VELDE | DIRECTOR Trustee or director | 8 | $18,960 | $0 |
| DONALD FERNHOLZ | VICE PRESIDENT Trustee or director | 8 | $18,914 | $0 |
| DARRYL BURSACK | DIRECTOR Trustee or director | 8 | $18,760 | $0 |
| GARY GROOTHUIS | TREASURER Trustee or director | 8 | $18,720 | $0 |
| WAYNE PELTIER | DIRECTOR Trustee or director | 8 | $18,520 | $0 |
| STEVE NORMAN | PRESIDENT Trustee or director | 8 | $17,340 | $0 |
990 for the year ended December 31, 2024: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PATRICK CARRUTH | GENERAL MANAGER Officer | 40 | $530,435 | $144,864 |
| SCOTT KUBESH | MEMBER SERVICES MANAGER Highest-paid employee | 40 | $155,253 | $101,640 |
| JILL ROTHSCHADL | OFFICE MANAGER Officer | 40 | $174,543 | $52,566 |
| KENT SMITH | FOREMAN Highest-paid employee | 40 | $123,130 | $59,633 |
| TREVOR DIGGINS | SYSTEM COORDINATOR Highest-paid employee | 40 | $121,783 | $59,126 |
| ANTHONY BEDNAREK | LINEMAN Highest-paid employee | 40 | $124,490 | $15,586 |
| ERIC WOLLSCHLAGER | OPERATIONS MANAGER Highest-paid employee | 40 | $125,455 | $8,589 |
| MARK PETERSON | SECRETARY Trustee or director | 8 | $19,123 | $0 |
| TIMOTHY VELDE | DIRECTOR Trustee or director | 8 | $18,840 | $0 |
| DONALD FERNHOLZ | VICE PRESIDENT Trustee or director | 8 | $18,840 | $0 |
| STEVE NORMAN | PRESIDENT Trustee or director | 8 | $18,840 | $0 |
| DARRYL BURSACK | DIRECTOR Trustee or director | 8 | $18,760 | $0 |
| GARY GROOTHUIS | TREASURER Trustee or director | 8 | $18,720 | $0 |
| WAYNE PELTIER | DIRECTOR Trustee or director | 8 | $18,480 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PATRICK CARRUTH | GENERAL MANAGER Officer | 40 | $488,145 | $206,787 |
| ERIC WOLLSCHLAGER | OPERATIONS MANAGER Highest-paid employee | 40 | $164,601 | $91,285 |
| SCOTT KUBESH | MEMBER SERVICES MANAGER Highest-paid employee | 40 | $144,781 | $87,744 |
| JILL ROTHSCHADL | OFFICE MANAGER Officer | 40 | $164,679 | $50,620 |
| KENT SMITH | FOREMAN Highest-paid employee | 40 | $119,491 | $58,193 |
| ANDREW JOHNSON | CREW CHIEF Highest-paid employee | 40 | $115,592 | $58,995 |
| ANTHONY BEDNAREK | LINEMAN Highest-paid employee | 40 | $116,801 | $3,797 |
| MARK PETERSON | SECRETARY Trustee or director | 8 | $18,880 | $0 |
| TIMOTHY VELDE | DIRECTOR Trustee or director | 8 | $18,840 | $0 |
| GARY GROOTHUIS | TREASURER Trustee or director | 8 | $18,815 | $0 |
| DONALD FERNHOLZ | VICE PRESIDENT Trustee or director | 8 | $18,800 | $0 |
| DARRYL BURSACK | DIRECTOR Trustee or director | 8 | $18,720 | $0 |
| STEVE NORMAN | PRESIDENT Trustee or director | 8 | $18,720 | $0 |
| WAYNE PELTIER | DIRECTOR Trustee or director | 8 | $18,480 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 248, MONTEVIDEO, MN 56265-0248
- Mailing address (990-N for 2017)
- PO Box 248, Montevideo MN 56265
- Principal officer (990 for 2025)
- PATRICK C CARRUTH, PO BOX 248, MONTEVIDEO, MN 562650248
- Principal officer (990-N for 2017)
- Jon Kleven, PO Box 248, Montevideo MN 56265
- Signed the 990
- PATRICK C CARRUTH, GENERAL MANAGER
- Phone
- (320) 269-2163
- Website
- WWW.MNVALLEYREC.COM
- Return prepared by
- BRADY MARTZ PLLC
Mission
MINNESOTA VALLEY COOPERATIVE LIGHT AND POWER ASSOCIATION IS A PROACTIVE COOPERATIVE THAT CONTINUES TO PROVIDE VALUE TO OUR MEMBERS.
Program accomplishments
- PURCHASE AND DISTRIBUTION OF ELECTRICAL POWER TO APPROXIMATELY 5,325 RURAL 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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 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
- 41-0419129
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1943
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $106,148,192
- Income (IRS master file)
- $30,060,364
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $29,138,552 | $29,291,825 | $106,148,192 | XML |
| 990 | December 2024 | $26,016,362 | $25,343,416 | $101,109,680 | XML |
| 990 | December 2023 | $25,650,557 | $26,043,792 | $95,415,919 | XML |
| 990 | December 2022 | $24,527,313 | $25,134,140 | $85,287,908 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2017 Officer: Jon Kleven | December 31, 2017 | ≤ $50,000 receipts | – | – | e-Postcard |
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 41-0419129).
Questions about MINNESOTA VALLEY COOPERATIVE LIGHT AND POWER ASSOCIATION
- What is the EIN of MINNESOTA VALLEY COOPERATIVE LIGHT AND POWER ASSOCIATION?
- The employer identification number (EIN) of MINNESOTA VALLEY COOPERATIVE LIGHT AND POWER ASSOCIATION is 41-0419129.
- Is MINNESOTA VALLEY COOPERATIVE LIGHT AND POWER ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1943.
- Are donations to MINNESOTA VALLEY COOPERATIVE LIGHT AND POWER ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MINNESOTA VALLEY COOPERATIVE LIGHT AND POWER ASSOCIATION 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 MINNESOTA VALLEY COOPERATIVE LIGHT AND POWER ASSOCIATION 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 MINNESOTA VALLEY COOPERATIVE LIGHT AND POWER ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MINNESOTA VALLEY COOPERATIVE LIGHT AND POWER ASSOCIATION?
- The 990 for the year ended December 31, 2025 names PATRICK C CARRUTH.
- Who are the officers and directors of MINNESOTA VALLEY COOPERATIVE LIGHT AND POWER ASSOCIATION?
- The 990 for the year ended December 31, 2025 lists 14 people; 14 received compensation from the organization, the highest $551,452 (PATRICK CARRUTH, GENERAL MANAGER).
- How much revenue does MINNESOTA VALLEY COOPERATIVE LIGHT AND POWER ASSOCIATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $29,138,552, expenses of $29,291,825 and total assets of $106,148,192 at year end.
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