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Nonprofit · EIN 41-0510033

ROSEAU ELECTRIC COOPERATIVE INC

Tax-exempt · ROSEAU, MN 56751

Financials

$20.6M$20M2023$20.4M$20.2M2024
Revenue Expenses · by fiscal year end
Financials of ROSEAU ELECTRIC COOPERATIVE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$20,439,224$20,212,848$226,376$46,463,378$24,558,260$21,905,118
December 31, 2023990$20,588,990$20,027,627$561,363$44,718,251$22,971,235$21,747,016
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$19,679,288
Investment income
$77,889
Other revenue
$682,047

Expenses

Grants and similar amounts paid
$0
Benefits paid to members
$645,095
Compensation of officers, directors and key employees
$543,486
Other salaries and wages
$2,100,867
Salaries, compensation and benefits (total)
$3,408,246
Professional fundraising fees
$0
Depreciation
$2,070,433

Balance sheet and other

Total assets, start of year
$44,718,251
Total assets, end of year
$46,463,378
Total liabilities, end of year
$24,558,260
Net assets, end of year
$21,905,118
Land, buildings and equipment
$35,015,058
Gross unrelated business income
$1,233,555
Gross receipts
$20,439,224
Employees
34
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, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
TRACEY STOLLGENERAL MANAGER
Officer
40$176,324$133,217
RYAN SEVERSONASSISTANT MANAGER
Officer
40$160,226$54,235
MICHAEL MILLNERLINE SUPERINTENDENT
Highest-paid employee
40$122,939$74,709
JUSTIN OLSONLINEMAN
Highest-paid employee
40$108,575$61,858
JEREMY LINDEMANNMEMBER SERVICE DIRECTOR
Highest-paid employee
40$113,775$52,859
RALPH LANDMANLINE CREW FOREMAN
Highest-paid employee
40$117,514$48,780
ALEX MCMILLINOFFICE MANAGER
Highest-paid employee
40$107,011$58,467
JOE TESAREKDIRECTOR
Trustee or director
6.71$9,100$0
JAMES CHRISTIANSONDIRECTOR
Trustee or director
6$8,950$0
KERMIT JENSENDIRECTOR
Trustee or director
5.67$7,850$0
BRIAN GRAFSTROMVICE PRESIDENT
Trustee or director, Officer
5.87$7,850$0
MARK SAXPRESIDENT
Trustee or director, Officer
4.22$5,750$0
MIKE WAHLSECRETARY/TREASURER
Trustee or director, Officer
4.02$5,500$0
SHAWN GUSTDIRECTOR
Trustee or director
7.51$4,750$0
RONALD STOREYDIRECTOR (STARTED APRIL 2024)
Trustee or director
3.33$4,600$0
3 more people on this return
NameTitleHours / weekCompensation
ROBERT TUTTLEDIRECTOR (STARTED APRIL 2024)
Trustee or director
3.22$4,250
EDWARD WALSHDIRECTOR (THROUGH APRIL 2024)
Trustee or director
11.69$3,500
JAMES HALLANVICE PRESIDENT (THROUGH APRIL 2024)
Trustee or director, Officer
3.08$1,250
990 for the year ended December 31, 2023: 17 people
NameTitleHours / weekCompensationOther / benefits
TRACEY STOLLGENERAL MANAGER
Officer
40$168,305$129,133
MICHAEL MILLNERLINE SUPERINTENDENT
Highest-paid employee
40$123,389$73,288
RYAN SEVERSONASSISTANT MANAGER
Officer
40$150,669$31,470
CHAD NELSONLINE CREW FOREMAN
Highest-paid employee
40$106,057$66,928
RALPH LANDMANLINE CREW FOREMAN
Highest-paid employee
40$116,587$46,988
JEREMY LINDEMANNMEMBER SERVICE DIRECTOR
Highest-paid employee
40$103,719$59,001
JUSTIN OLSONLINEMAN
Highest-paid employee
40$103,638$56,739
MIKE WAHLSECRETARY/TREASURER
Trustee or director, Officer
3.81$8,150$0
BRIAN GRAFSTROMDIRECTOR
Trustee or director
4.5$6,850$0
EDWARD WALSHDIRECTOR
Trustee or director
4.75$6,050$0
JAMES CHRISTIANSONDIRECTOR
Trustee or director
3.63$5,850$0
JOE TESAREKDIRECTOR
Trustee or director
3.63$5,850$0
SHAWN GUSTDIRECTOR
Trustee or director
6.85$4,000$0
MARK SAXPRESIDENT
Trustee or director, Officer
2.17$4,000$0
DALE MOSERDIRECTOR (THROUGH APRIL 2023)
Trustee or director
8.88$4,000$0
JAMES HALLANVICE PRESIDENT
Trustee or director, Officer
2.25$3,850$0
KERMIT JENSENDIRECTOR (STARTED APRIL 2023)
Trustee or director
3.03$2,450$0

Address and contacts

Address (IRS master file)
1107 3RD ST NE, ROSEAU, MN 56751-1326
Principal officer (990 for 2024)
RYAN SEVERSON, 1107 3RD STREET NE, ROSEAU, MN 56751
Signed the 990
RYAN SEVERSON, GENERAL MANAGER
Phone
(218) 463-1543
Return prepared by
BRADY MARTZ & ASSOCIATES PC

Mission

ROSEAU ELECTRIC COOPERATIVE IS COMMITTED TO PROVIDING ITS MEMBER OWNERS LOW COST, HIGH QUALITY, SAFE, AND RELIABLE ELECTRICITY WITH FRIENDLY, EFFICIENT, AND KNOWLEDGEABLE SERVICE.

990 for the year ended December 31, 2024

Program accomplishments

  • THE COOPERATIVE DELIVERS ELECTRIC ENERGY TO ITS 6,737 MEMBERS. THE COOPERATIVE SERVES 2,188 MILES.

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
41-0510033
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1945
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$46,463,378
Income (IRS master file)
$20,439,224

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$20,439,224$20,212,848$46,463,378XML
990December 2023$20,588,990$20,027,627$44,718,251XML
990December 2022$20,847,676$20,425,915$42,951,995IRS
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 41-0510033).

Questions about ROSEAU ELECTRIC COOPERATIVE INC

What is the EIN of ROSEAU ELECTRIC COOPERATIVE INC?
The employer identification number (EIN) of ROSEAU ELECTRIC COOPERATIVE INC is 41-0510033.
Is ROSEAU ELECTRIC COOPERATIVE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1945.
Are donations to ROSEAU ELECTRIC COOPERATIVE INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does ROSEAU ELECTRIC COOPERATIVE INC 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 ROSEAU ELECTRIC COOPERATIVE INC 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 ROSEAU ELECTRIC COOPERATIVE INC 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 ROSEAU ELECTRIC COOPERATIVE INC?
The 990 for the year ended December 31, 2024 names RYAN SEVERSON.
Who are the officers and directors of ROSEAU ELECTRIC COOPERATIVE INC?
The 990 for the year ended December 31, 2024 lists 18 people; 18 received compensation from the organization, the highest $176,324 (TRACEY STOLL, GENERAL MANAGER).
How much revenue does ROSEAU ELECTRIC COOPERATIVE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $20,439,224, expenses of $20,212,848 and total assets of $46,463,378 at year end.

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