Nonprofit · EIN 41-0558515
STEELE WASECA COOPERATIVE ELECTRIC
Tax-exempt · OWATONNA, MN 55060
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $50,967,936 | $50,967,936 | $0 | $123,264,557 | $67,300,910 | $55,963,647 |
| December 31, 2024 | 990 | $45,031,382 | $45,031,382 | $0 | $111,468,613 | $59,790,228 | $51,678,385 |
| December 31, 2023 | 990 | $45,660,073 | $45,660,073 | $0 | $110,810,113 | $60,430,381 | $50,379,732 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $47,388,181
- Investment income
- $465,217
- Net gain from sales of assets
- -$415
- Other revenue
- $3,114,538
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $5,700,835
- Compensation of officers, directors and key employees
- $971,471
- Salaries, compensation and benefits (total)
- $971,471
- Professional fundraising fees
- $0
- Depreciation
- $4,040,031
Balance sheet and other
- Total assets, start of year
- $111,468,613
- Total assets, end of year
- $123,264,557
- Total liabilities, end of year
- $67,300,910
- Net assets, end of year
- $55,963,647
- Land, buildings and equipment
- $74,389,840
- Gross unrelated business income
- $37,793
- Gross receipts
- $50,968,351
- Employees
- 32
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SYDNEY R BRIGGS | GENERAL MANAGER Officer | 40 | $259,650 | $89,722 |
| JON P STELTER | FINANCE MANAGER Officer | 46 | $162,064 | $159,481 |
| DAN H MEIER | OPERATIONS MANAGER Highest-paid employee | 40 | $169,275 | $89,328 |
| MATTHEW J ROHMAN | LINE SUPERVISOR Highest-paid employee | 45 | $140,443 | $80,782 |
| STEVE E NORDAHL | SYSTEM TECHNICIAN Highest-paid employee | 40 | $149,444 | $69,581 |
| KEVIN A KJERSTEN | LINE FOREMAN Highest-paid employee | 45 | $140,610 | $66,507 |
| ADAM W DAVIS | LINE FOREMAN Highest-paid employee | 45 | $141,253 | $54,538 |
| RODNEY D KRELL | PRESIDENT Trustee or director, Officer | 8 | $35,465 | $0 |
| RONALD D SOMMERS | SEC/TREAS Trustee or director, Officer | 8 | $34,250 | $0 |
| SCOTT J CARLSON | ACTING SEC/TREAS Trustee or director, Officer | 8 | $33,605 | $0 |
| NEIL R SCHLAAK | DIRECTOR Trustee or director | 8 | $32,380 | $0 |
| DENNIS C RINGHOFER | DIRECTOR Trustee or director | 8 | $32,055 | $0 |
| JOHN R BEAL | DIRECTOR Trustee or director | 8 | $31,495 | $0 |
| PATRICK J DUCHENE | VICE-PRES Trustee or director, Officer | 8 | $29,905 | $0 |
| GARY W WILSON | DIRECTOR Trustee or director | 8 | $21,662 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GERALDINE G LIENKE | DIRECTOR Trustee or director | 8 | $19,877 |
| ANTON H SEYKORA | DIRECTOR Trustee or director | 8 | $15,230 |
| WESTON L WILSON | DIRECTOR Trustee or director | 8 | $14,630 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SYDNEY R BRIGGS | GENERAL MANAGER Officer | 40 | $243,147 | $85,843 |
| JON P STELTER | FINANCE MANAGER Officer | 46 | $151,453 | $138,982 |
| DAN H MEIER | OPERATIONS MANAGER Highest-paid employee | 40 | $160,561 | $77,008 |
| KEVIN A KJERSTEN | LINE FOREMAN Highest-paid employee | 45 | $154,333 | $66,494 |
| STEVE E NORDAHL | SYSTEM TECHNICIAN Highest-paid employee | 40 | $143,980 | $63,208 |
| JACOB D JABLONSKI | LINE FOREMAN Highest-paid employee | 45 | $147,197 | $54,990 |
| ADAM W DAVIS | LINE FOREMAN Highest-paid employee | 45 | $144,825 | $57,092 |
| SCOTT J CARLSON | ACTING SEC/TREAS Trustee or director, Officer | 8 | $35,805 | $0 |
| RODNEY D KRELL | PRESIDENT Trustee or director, Officer | 8 | $34,425 | $0 |
| DENNIS C RINGHOFER | DIRECTOR Trustee or director | 8 | $33,765 | $0 |
| RONALD D SOMMERS | SEC/TREAS Trustee or director, Officer | 8 | $33,435 | $0 |
| JOHN R BEAL | DIRECTOR Trustee or director | 8 | $30,990 | $0 |
| GARY W WILSON | DIRECTOR Trustee or director | 8 | $30,840 | $0 |
| GERALDINE G LIENKE | DIRECTOR Trustee or director | 8 | $30,690 | $0 |
| PATRICK J DUCHENE | VICE-PRES Trustee or director, Officer | 8 | $30,495 | $0 |
| NEIL R SCHLAAK | DIRECTOR Trustee or director | 8 | $30,475 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SYDNEY R BRIGGS | GENERAL MANAGER Officer | 40 | $231,704 | $95,435 |
| JON P STELTER | FINANCE MANAGER Officer | 40 | $142,402 | $124,712 |
| DAN H MEIER | OPERATIONS MANAGER Highest-paid employee | 40 | $149,939 | $80,990 |
| STEVE E NORDAHL | SYSTEM TECHNICIAN Highest-paid employee | 40 | $138,579 | $57,351 |
| KEVIN A KJERSTEN | LINE FOREMAN Highest-paid employee | 45 | $132,175 | $61,639 |
| JACOB D JABLONSKI | LINE FOREMAN Highest-paid employee | 45 | $130,190 | $50,169 |
| CHAD L HENDERSON | LINE FOREMAN Highest-paid employee | 45 | $136,865 | $22,742 |
| RODNEY D KRELL | VICE-PRES Trustee or director, Officer | 8 | $31,115 | $0 |
| PATRICK J DUCHENE | ACTING SEC/TREAS Trustee or director, Officer | 8 | $30,105 | $0 |
| GARY W WILSON | PRESIDENT Trustee or director, Officer | 8 | $29,610 | $0 |
| GERALDINE G LIENKE | DIRECTOR Trustee or director | 8 | $29,415 | $0 |
| JOHN R BEAL | DIRECTOR Trustee or director | 8 | $29,350 | $0 |
| DENNIS C RINGHOFER | DIRECTOR Trustee or director | 8 | $29,135 | $0 |
| RONALD D SOMMERS | SEC/TREAS Trustee or director, Officer | 8 | $27,210 | $0 |
| SCOTT J CARLSON | DIRECTOR Trustee or director | 8 | $19,880 | $0 |
| DUANE R EDWARDSON | DIRECTOR THROUGH AUG 2023 Trustee or director | 8 | $19,720 | $0 |
| RENEE MALECHA | DIRECTOR THROUGH JUNE 2023 Trustee or director | 8 | $11,840 | $0 |
| NEIL R SCHLAAK | DIRECTOR Trustee or director | 8 | $1,710 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 485, OWATONNA, MN 55060-0485
- Principal officer (990 for 2025)
- KELLY HOVEL, 2411 WEST BRIDGE STREET PO BOX 485, OWATONNA, MN 55060
- Signed the 990
- KELLY HOVEL, GENERAL MANAGER
- Phone
- (507) 451-7340
- Website
- WWW.SWCE.COOP
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
THE MISSION OF STEELE-WASECA COOPERATIVE ELECTRIC IS TO PROVIDE COMPETITIVE, RELIABLE QUALITY SERVICE TO OUR MEMBERSHIP.
Program accomplishments
- SALE OF ELECTRICITY 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 | 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
- 41-0558515
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1938
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $123,264,557
- Income (IRS master file)
- $50,968,351
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $50,967,936 | $50,967,936 | $123,264,557 | XML |
| 990 | December 2024 | $45,031,382 | $45,031,382 | $111,468,613 | XML |
| 990 | December 2023 | $45,660,073 | $45,660,073 | $110,810,113 | XML |
| 990 | December 2022 | $39,111,435 | $39,111,435 | $99,899,632 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 41-0558515).
Questions about STEELE WASECA COOPERATIVE ELECTRIC
- What is the EIN of STEELE WASECA COOPERATIVE ELECTRIC?
- The employer identification number (EIN) of STEELE WASECA COOPERATIVE ELECTRIC is 41-0558515.
- Is STEELE WASECA COOPERATIVE ELECTRIC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1938.
- Are donations to STEELE WASECA COOPERATIVE ELECTRIC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does STEELE WASECA COOPERATIVE ELECTRIC 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 STEELE WASECA COOPERATIVE ELECTRIC 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 STEELE WASECA COOPERATIVE ELECTRIC 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 STEELE WASECA COOPERATIVE ELECTRIC?
- The 990 for the year ended December 31, 2025 names KELLY HOVEL.
- Who are the officers and directors of STEELE WASECA COOPERATIVE ELECTRIC?
- The 990 for the year ended December 31, 2025 lists 18 people; 18 received compensation from the organization, the highest $259,650 (SYDNEY R BRIGGS, GENERAL MANAGER).
- How much revenue does STEELE WASECA COOPERATIVE ELECTRIC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $50,967,936, expenses of $50,967,936 and total assets of $123,264,557 at year end.
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