Nonprofit · EIN 41-0449191
NORTH STAR ELECTRIC COOPERATIVE INCORPORATED
Tax-exempt · BAUDETTE, MN 56623
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $17,328,929 | $17,328,929 | $0 | $45,793,701 | $27,286,097 | $18,507,604 |
| December 31, 2024 | 990 | $16,230,507 | $16,230,507 | $0 | $43,936,328 | $26,103,230 | $17,833,098 |
| December 31, 2023 | 990 | $16,130,658 | $16,130,658 | $0 | $42,216,577 | $25,079,621 | $17,136,956 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $17,059,776
- Investment income
- $134,439
- Net income from sales of inventory
- $7,782
- Other revenue
- $134,714
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $1,225,580
- Compensation of officers, directors and key employees
- $737,121
- Salaries, compensation and benefits (total)
- $737,121
- Professional fundraising fees
- $0
- Depreciation
- $1,462,933
Balance sheet and other
- Total assets, start of year
- $43,936,328
- Total assets, end of year
- $45,793,701
- Total liabilities, end of year
- $27,286,097
- Net assets, end of year
- $18,507,604
- Land, buildings and equipment
- $37,454,812
- Gross receipts
- $17,375,909
- Employees
- 24
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEVIN HOLEN | GENERAL MANAGER Officer | 50 | $202,988 | $248,816 |
| TIMOTHY PELACH | OPERATIONS MANAGER Highest-paid employee | 50 | $142,650 | $166,010 |
| ROBYN SONSTEGARD | FINANCE MANAGER Officer | 50 | $138,824 | $88,193 |
| TODD THYDEAN | FOREMAN Highest-paid employee | 42 | $123,090 | $90,602 |
| TODD HIGGINS | FOREMAN Highest-paid employee | 42 | $125,110 | $44,873 |
| JESSE HUOT | SUB-FOREMAN Highest-paid employee | 44 | $130,440 | $38,354 |
| PRESTON KENNEDY | SUB-FOREMAN Highest-paid employee | 43 | $124,511 | $38,148 |
| STEVE ARNESEN | PRESIDENT Trustee or director, Officer | 12 | $12,300 | $0 |
| RICHARD FERGUSON JR | DIRECTOR Trustee or director | 5 | $9,600 | $0 |
| MICHAEL HANSON | VICE PRESIDENT Trustee or director, Officer | 6 | $7,900 | $0 |
| DOUGLAS KING | DIRECTOR Trustee or director | 6 | $7,350 | $0 |
| SHELLEY SPEARS | DIRECTOR/SECRETARY-TREASURER Trustee or director, Officer | 5 | $7,200 | $0 |
| RANDALL BERGAN | DIRECTOR Trustee or director | 3 | $5,700 | $0 |
| TIM MATHEWS | DIRECTOR Trustee or director | 5 | $4,800 | $0 |
| TOM SMITH | DIRECTOR Trustee or director | 15 | $3,450 | $0 |
990 for the year ended December 31, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEVIN HOLEN | GENERAL MANAGER Officer | 50 | $180,971 | $217,681 |
| TIMOTHY PELACH | OPERATIONS MANAGER Highest-paid employee | 50 | $136,027 | $131,826 |
| ROBYN SONSTEGARD | FINANCE MANAGER Officer | 50 | $135,232 | $76,935 |
| TODD THYDEAN | FOREMAN Highest-paid employee | 43 | $122,755 | $75,842 |
| TODD HIGGINS | FOREMAN Highest-paid employee | 43 | $124,356 | $38,812 |
| JESSE HUOT | SUB-FOREMAN Highest-paid employee | 44 | $124,873 | $33,816 |
| PRESTON KENNEDY | SUB-FOREMAN Highest-paid employee | 43 | $121,545 | $33,779 |
| STEVE ARNESEN | PRESIDENT Trustee or director, Officer | 11 | $12,000 | $0 |
| MICHAEL HANSON | VICE PRESIDENT Trustee or director, Officer | 9 | $11,400 | $0 |
| TOM SMITH | DIRECTOR Trustee or director | 15 | $10,800 | $0 |
| DOUGLAS KING | DIRECTOR Trustee or director | 9 | $9,600 | $0 |
| RANDALL BERGAN | DIRECTOR Trustee or director | 3 | $7,200 | $0 |
| SHELLEY SPEARS | DIRECTOR/SECRETARY-TREASURER Trustee or director, Officer | 5 | $6,900 | $0 |
| LORRAINE NYGAARD | SECRETARY-TREASURER - PART YEAR Trustee or director, Officer | 2 | $4,200 | $0 |
| RICHARD FERGUSON JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEVIN HOLEN | GENERAL MANAGER Officer | 50 | $168,943 | $114,955 |
| TIMOTHY PELACH | OPERATIONS MANAGER Highest-paid employee | 50 | $127,244 | $122,754 |
| ROBYN SONSTEGARD | FINANCE MANAGER Officer | 50 | $131,317 | $72,206 |
| TODD THYDEAN | FOREMAN Highest-paid employee | 42 | $114,970 | $70,788 |
| TODD HIGGINS | FOREMAN Highest-paid employee | 43 | $118,060 | $37,777 |
| JESSE HUOT | SUB-FOREMAN Highest-paid employee | 43 | $117,665 | $32,679 |
| NATHAN ZORTMAN | LEAD LINEMAN Highest-paid employee | 43 | $114,356 | $34,428 |
| STEVE ARNESEN | PRESIDENT Trustee or director, Officer | 13 | $12,000 | $0 |
| TOM SMITH | DIRECTOR Trustee or director | 14 | $10,200 | $0 |
| MICHAEL HANSON | VICE PRESIDENT Trustee or director, Officer | 7 | $9,550 | $0 |
| DOUGLAS KING | DIRECTOR Trustee or director | 8 | $8,250 | $0 |
| RANDALL BERGAN | DIRECTOR Trustee or director | 3 | $6,300 | $0 |
| LORRAINE NYGAARD | SECRETARY-TREASURER Trustee or director, Officer | 5 | $5,700 | $0 |
| SHELLEY SPEARS | DIRECTOR Trustee or director | 4 | $4,950 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 719, BAUDETTE, MN 56623-0719
- Principal officer (990 for 2025)
- STEVE ARNESEN, 441 STATE HWY 172 NW PO BOX 719, BAUDETTE, MN 566230719
- Signed the 990
- STEVE ARNESEN, BOARD PRESIDENT
- Phone
- (218) 634-2202
- Website
- WWW.NORTHSTARELECTRIC.COOP
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
TO PROVIDE SAFE, RELIABLE ELECTRIC SERVICES TO IMPROVE THE QUALITY OF LIFE IN THE COMMUNITIES WE SERVE.
Program accomplishments
- TO PROVIDE ELECTRIC AND UTILITY SERVICE TO 5,628 MEMBERS UNDER THE GUIDANCE OF THE RURAL UTILITY SERVICE DIVISION OF THE USDA.
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
- 41-0449191
- 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)
- $45,793,701
- Income (IRS master file)
- $17,375,909
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $17,328,929 | $17,328,929 | $45,793,701 | IRS |
| 990 | December 2024 | $16,230,507 | $16,230,507 | $43,936,328 | IRS |
| 990 | December 2023 | $16,130,658 | $16,130,658 | $42,216,577 | XML |
| 990 | December 2022 | $16,601,117 | $16,601,117 | $42,168,414 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 41-0449191).
Questions about NORTH STAR ELECTRIC COOPERATIVE INCORPORATED
- What is the EIN of NORTH STAR ELECTRIC COOPERATIVE INCORPORATED?
- The employer identification number (EIN) of NORTH STAR ELECTRIC COOPERATIVE INCORPORATED is 41-0449191.
- Is NORTH STAR ELECTRIC COOPERATIVE INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1943.
- Are donations to NORTH STAR ELECTRIC COOPERATIVE INCORPORATED tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NORTH STAR ELECTRIC COOPERATIVE INCORPORATED 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 NORTH STAR ELECTRIC COOPERATIVE INCORPORATED 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 NORTH STAR ELECTRIC COOPERATIVE INCORPORATED 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 NORTH STAR ELECTRIC COOPERATIVE INCORPORATED?
- The 990 for the year ended December 31, 2025 names STEVE ARNESEN.
- Who are the officers and directors of NORTH STAR ELECTRIC COOPERATIVE INCORPORATED?
- The 990 for the year ended December 31, 2025 lists 15 people; 15 received compensation from the organization, the highest $202,988 (KEVIN HOLEN, GENERAL MANAGER).
- How much revenue does NORTH STAR ELECTRIC COOPERATIVE INCORPORATED have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $17,328,929, expenses of $17,328,929 and total assets of $45,793,701 at year end.
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