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Nonprofit · EIN 41-0473341

PEOPLES COOPERATIVE SERVICES

Also known as PEOPLES ENERGY COOPERATIVE

Tax-exempt · ORONOCO, MN 55960

Financials

$55.6M$55.3M2023$58.3M$57M2024
Revenue Expenses · by fiscal year end
Financials of PEOPLES COOPERATIVE SERVICES by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$58,283,541$56,974,643$1,308,898$192,082,622$120,384,590$71,698,032
December 31, 2023990$55,571,089$55,304,121$266,968$183,327,546$115,076,788$68,250,758
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$56,404,006
Investment income
$204,887
Net rental income
$550
Net gain from sales of assets
$19,000
Net income from sales of inventory
$9,505
Other revenue
$1,674,648

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$3,350,641
Compensation of officers, directors and key employees
$752,186
Salaries, compensation and benefits (total)
$752,186
Professional fundraising fees
$0
Depreciation
$5,852,326

Balance sheet and other

Total assets, start of year
$183,327,546
Total assets, end of year
$192,082,622
Total liabilities, end of year
$120,384,590
Net assets, end of year
$71,698,032
Land, buildings and equipment
$159,070,442
Gross unrelated business income
$46,589
Gross receipts
$58,316,966
Employees
69
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.

NameTitleHours / weekCompensationOther / benefits
MICHAEL J HENKECEO/PRESIDENT
Officer
50$281,455$130,259
DODY WUBKERCFO
Officer
50$150,806$81,104
MICHELLE OLSONVICE PRESIDENT OF INFORMATION AND SERVICES
Highest-paid employee
50$154,156$77,561
GWEN STEVENSVICE PRESIDENT OF COOPERATIVE RELATIONS
Highest-paid employee
50$153,038$76,180
TYLER STEINBRINKLINEWORKER
Highest-paid employee
53$153,198$52,667
NICHOLAS WOETZELVICE PRESIDENT OF OPERATIONS
Highest-paid employee
50$136,371$60,940
NATHAN CLIFFLINEWORKER
Highest-paid employee
50$134,511$57,657
TRACY LAURITZENBOARD TREASURER
Trustee or director
16.71$27,513$0
JOHN D WINTERDIRECTOR
Trustee or director
9.54$24,475$0
JODIE TVEDTBOARD VICE CHAIR
Trustee or director
10.33$22,075$0
JEROME WOONERBOARD CHAIR
Trustee or director
12.13$19,725$0
ARTHER FRIEDRICHDIRECTOR
Trustee or director
10.13$19,675$0
JEFFERY ORTHDIRECTOR
Trustee or director
8.71$19,225$0
JONATHAN KROENINGBOARD SECRETARY
Trustee or director
11.13$18,513$0
990 for the year ended December 31, 2023: 15 people
NameTitleHours / weekCompensationOther / benefits
MICHAEL J HENKECEO/PRESIDENT
Officer
50$258,679$136,114
GWEN STEVENSDIRECTOR OF COOPERATIVE RELATIONS
Highest-paid employee
50$144,163$74,197
MICHELLE OLSONDIRECTOR OF MEMBER SERVICES
Highest-paid employee
50$142,343$73,464
PATRICK NELSONDIR. OF ENGR & OPERATIONS (TERMED 10/13/23)
Highest-paid employee
50$152,426$51,396
TYLER STEINBRINKLINEWORKER
Highest-paid employee
54$151,219$50,089
BRIAN IDEKERLEAD LINEWORKER
Highest-paid employee
45$126,226$31,000
DODY WUBKERCFO (NEW 5/22/23)
Officer
50$89,050$37,882
TRACY LAURITZENSECRETARY/TREASURER
Trustee or director
18.4$27,475$0
JODIE TVEDTBOARD VICE CHAIR
Trustee or director
12.4$20,600$0
JEROME WOONERBOARD CHAIR
Trustee or director
13$19,600$0
ART FRIEDRICHDIRECTOR
Trustee or director
9.6$17,550$0
JOHN D WINTERDIRECTOR (NEW 3/23/23)
Trustee or director
9$16,933$0
JEFFERY ORTHDIRECTOR
Trustee or director
8.6$16,175$0
JONATHAN KROENINGDIRECTOR
Trustee or director
11.9$16,050$0
ROBERT J HOEFSDIRECTOR (RETIRED 3/23/23)
Trustee or director
8.9$4,642$0

Address and contacts

Address (IRS master file)
1775 LAKE SHADY AVE S, ORONOCO, MN 55960-2351
Principal officer (990 for 2024)
DODY WUBKER, 1775 LAKE SHADY AVENUE SOUTH, ORONOCO, MN 55960
Signed the 990
DODY WUBKER, CFO
Phone
(507) 367-7000
Return prepared by
BRADY MARTZ & ASSOCIATES PC

Mission

TO DISTRIBUTE ELECTRICITY TO THE MEMBERS OF THE ELECTRIC COOPERATIVE.

990 for the year ended December 31, 2024

Program accomplishments

  • THE PRIMARY PURPOSE OF THE COOPERATIVE IS TO BUY ELECTRIC ENERGY AND SELL ELECTRIC ENERGY TO ITS 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
41-0473341
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1939
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$192,082,622
Income (IRS master file)
$58,316,966

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$58,283,541$56,974,643$192,082,622XML
990December 2023$55,571,089$55,304,121$183,327,546XML
990December 2022$57,980,247$53,763,724$177,175,352IRS
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 41-0473341).

Questions about PEOPLES COOPERATIVE SERVICES

What is the EIN of PEOPLES COOPERATIVE SERVICES?
The employer identification number (EIN) of PEOPLES COOPERATIVE SERVICES is 41-0473341.
Is PEOPLES COOPERATIVE SERVICES tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1939.
Are donations to PEOPLES COOPERATIVE SERVICES tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does PEOPLES 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 PEOPLES 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 PEOPLES 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 is the principal officer of PEOPLES COOPERATIVE SERVICES?
The 990 for the year ended December 31, 2024 names DODY WUBKER.
Who are the officers and directors of PEOPLES COOPERATIVE SERVICES?
The 990 for the year ended December 31, 2024 lists 14 people; 14 received compensation from the organization, the highest $281,455 (MICHAEL J HENKE, CEO/PRESIDENT).
How much revenue does PEOPLES COOPERATIVE SERVICES have?
On its 990 for the year ended December 31, 2024 it reported revenue of $58,283,541, expenses of $56,974,643 and total assets of $192,082,622 at year end.

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