Nonprofit · EIN 41-1358662
DISTRICT ENERGY ST PAUL INC
Tax-exempt · SAINT PAUL, MN 55102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $58,242,371 | $55,716,948 | $2,525,423 | $185,308,442 | $174,780,636 | $10,527,806 |
| September 30, 2024 | 990 | $67,001,355 | $57,940,921 | $9,060,434 | $175,428,818 | $164,819,301 | $10,609,517 |
| September 30, 2023 | 990 | $61,525,227 | $54,846,368 | $6,678,859 | $172,042,252 | $169,493,094 | $2,549,158 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $3,423,692
- of which government grants
- $3,423,692
- Program service revenue
- $53,570,810
- Investment income
- $1,359,349
- Net rental income
- -$111,480
- Net gain from sales of assets
- $233,456
- Other revenue
- -$111,480
Expenses
- Grants and similar amounts paid
- $25,000
- Compensation of officers, directors and key employees
- $1,728,389
- Other salaries and wages
- $9,770,028
- Salaries, compensation and benefits (total)
- $14,598,495
- Professional fundraising fees
- $0
- Legal fees
- $140,642
- Accounting fees
- $227,935
- Occupancy
- $25,404
- Travel
- $15,383
- Depreciation
- $6,436,525
- Program services (functional)
- $48,646,586
- Management and general (functional)
- $7,070,362
Balance sheet and other
- Total assets, start of year
- $175,428,818
- Total assets, end of year
- $185,308,442
- Total liabilities, end of year
- $174,780,636
- Net assets, end of year
- $10,527,806
- Land, buildings and equipment
- $97,946,161
- Publicly traded securities
- $34,483,866
- Net assets without donor restrictions
- $10,527,806
- Gross receipts
- $68,770,837
- Employees
- 109
- Volunteers
- 8
- Year formed
- 1979
- 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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KENNETH SMITH | PRESIDENT & CEO Trustee or director, Officer | 35.9 | $688,245 | $265,739 | $69,635 |
| ANDREW KASID | EVP & CFO Officer | 28.2 | $270,045 | $339,212 | $64,819 |
| MICHAEL AHERN | SVP, CHIEF DEVELOPMENT OFFICER Key employee | 11.6 | $109,310 | $460,864 | $61,959 |
| MICHAEL BURNS SVP | CHIEF SYSTEMS OPERATIONS OFFICER Key employee | 10.9 | $107,786 | $448,227 | $72,000 |
| MICHAEL AUGER SVP GEN | COUNSEL/DEV OFFICER/CORP SECRETARY Officer | 26.7 | $245,894 | $291,912 | $61,186 |
| LUKE GAALSWYL | PRESIDENT & CEO Trustee or director, Officer | 12.3 | $139,575 | $404,893 | $24,610 |
| PAMELA SARNE | SVP, ACCOUNTING Highest-paid employee | 22.6 | $149,443 | $289,964 | $44,214 |
| KATHERINE VERHASSELT SVP | CHIEF PEOPLE & COMMUNICATIONS OFF. Key employee | 24.9 | $167,534 | $245,205 | $29,397 |
| THOMAS THOMALLA | VP, INFORMATION SYSTEMS Highest-paid employee | 25.8 | $129,234 | $92,308 | $52,020 |
| CHRISTOPHER PETERSON | DIRECTOR, REGIONAL OPERATIONS Highest-paid employee | 40.8 | $183,560 | $12,894 | $52,980 |
| NICHOLAS OELKE | SR ELECTRICAL ENGINEER Highest-paid employee | 6.4 | $28,702 | $161,164 | $55,001 |
| STEPHEN RAMBECK VP BUSINESS | DEVELOPMENT & COMMERCIAL STRATEGY Highest-paid employee | 34.1 | $177,788 | $51,350 | $14,565 |
| HEIDI CONRAD | CHAIR & DIRECTOR Trustee or director, Officer | 1 | $0 | $15,500 | $0 |
| BEVERLY JONES HEYDINGER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DARREN TOBOLT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERIC KRAUSE | DIRECTOR Trustee or director | 1 | $0 |
| HEIDE KEMPF-SCHWARZE | DIRECTOR Trustee or director | 1 | $0 |
| KELLY LANGE | TREASURER & DIRECTOR Trustee or director, Officer | 1 | $0 |
| KEN PETERSON | VICE-CHAIR & DIRECTOR Trustee or director | 1 | $0 |
| PATRICIA WOLF | DIRECTOR Trustee or director | 1 | $0 |
| TONY POOLE | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended September 30, 2024: 19 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KENNETH SMITH | PRESIDENT & CEO Trustee or director, Officer | 35.1 | $592,179 | $317,943 | $77,323 |
| ANDREW KASID | EVP/CFO FINANCE & ACCOUNTING Officer | 31.6 | $281,022 | $273,201 | $71,934 |
| MICHAEL AHERN | CHIEF DEVELOPMENT OFFICER Highest-paid employee | 9.2 | $78,004 | $430,733 | $69,780 |
| MICHAEL BURNS | CHIEF SYSTEMS OPERATIONS OFFICER Key employee | 12.8 | $114,536 | $383,411 | $79,659 |
| MICHAEL AUGER CHIEF BUSINESS | OFFICER & COPORATE SECRETARY Key employee | 26.7 | $224,874 | $259,410 | $68,616 |
| LUKE GAALSWYK | PRESIDENT, EVER-GREEN ENERGY Key employee | 11 | $117,268 | $360,336 | $21,129 |
| PAMELA SARNE | VICE PRESIDENT, ACCOUNTING Highest-paid employee | 22.7 | $113,387 | $218,108 | $46,973 |
| KATHERINE VERHASSELT | CHIEF PEOPLE & COMMUNICATION OFFICER Key employee | 24.2 | $129,418 | $174,162 | $31,641 |
| STEPHEN RAMBECK | DIRECTOR OF BUSINESS DEVELOPMENT Highest-paid employee | 39.1 | $195,905 | $26,179 | $19,591 |
| CHRISTOPHER PETERSON | DIRECTOR OF PRODUCTION Highest-paid employee | 41.3 | $171,653 | $8,931 | $57,141 |
| NICK OELKE | SR ELECTRICAL ENGINEER Highest-paid employee | 2.5 | $10,002 | $162,451 | $55,981 |
| HEIDI CONRAD | CHAIR & OFFICER Trustee or director, Officer | 1 | $0 | $15,700 | $0 |
| BEVERLY JONES HEYDINGER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ERIC KRAUSE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HEIDE KEMPF-SCHWARZE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KELLY LANGE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KEN PETERSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PAT WOLF | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TONY POOLE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended September 30, 2023: 19 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KENNETH SMITH | PRESIDENT & CEO Trustee or director, Officer | 28.2 | $514,910 | $502,612 | $64,061 |
| ANDREW KASID | EVP/CFO FINANCE & ACCOUNTING Officer | 28.8 | $244,471 | $323,774 | $59,480 |
| MICHAEL BURNS | SVP OPERATIONS MANAGEMENT Key employee | 13.2 | $125,869 | $415,658 | $68,302 |
| MICHAEL AHERN | SVP SYSTEM DEVELOPMENT Highest-paid employee | 22.4 | $58,292 | $489,443 | $58,301 |
| MICHAEL AUGER | SVP, CHIEF BUSINESS OFFICER & CORPORATE SECRETARY Key employee | 7.4 | $191,381 | $266,549 | $57,097 |
| PAMELA SARNE | VP ACCOUNTING Highest-paid employee | 21.2 | $106,089 | $246,329 | $39,472 |
| KATHERINE VERHASSELT | SVP, CHIEF PEOPLE & COMMUNICATIONS OFFICER Key employee | 19.6 | $83,151 | $139,309 | $23,742 |
| STEPHEN RAMBECK | DIRECTOR OF BUSINESS DEVELOPMENT Highest-paid employee | 33.9 | $180,113 | $31,108 | $13,075 |
| CHRISTOPHER PETERSON | DIRECTOR OF PRODUCTION Highest-paid employee | 39.6 | $172,053 | $0 | $49,964 |
| Amy STANTON | DIRECTOR, ENVIRONMENTAL HEALTH & SAFETY Highest-paid employee | 20.4 | $86,041 | $82,039 | $37,678 |
| KRISTINA TAYLOR | CHAIR & OFFICER (Term 02/2023) Trustee or director, Officer | 1 | $0 | $27,850 | $0 |
| HEIDI CONRAD | Chair & Officer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BEVERLY JONES HEYDINGER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVID YBARRA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| Heide Kempf-Schwarze | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| Kelly Lange | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KEN PETERSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PAT WOLF | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| Patrice Bailey | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 305 SAINT PETER ST, SAINT PAUL, MN 55102-1607
- Principal officer (990 for 2024)
- LUKE GAALSWYK, 305 ST PETER STREET, ST PAUL, MN 55102
- Signed the 990
- ANDREW KASID, EXECUTIVE VICE PRESIDENT, CFO
- Phone
- (651) 297-8955
- Website
- WWW.DISTRICTENERGY.COM
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
TO BE THE PREFERRED PROVIDER OF COMMUNITY ENERGY SERVICES THAT BENEFIT OUR CUSTOMERS, THE COMMUNITY AND THE ENVIRONMENT.
Program accomplishments
- DISTRICT ENERGY SERVICES:DISTRICT ENERGY ST. PAUL IS A NON-PROFIT UTILITY PROVIDING ENERGY SERVICES TO DOWNTOWN SAINT PAUL, MN FOR OVER 40 YEARS. THE CORE HEATING NETWORK SERVES OVER 200 BUILDINGS IN THE CENTRAL BUSINESS DISTRICT AND ACROSS THE RIVER TO A SECONDARY AREA OF COMMERCIAL, LIGHT INDUSTRIAL, AND RESIDENTIAL DEVELOPMENT. THE COOLING NETWORK SERVES MORE THAN 120 BUILDINGS IN THE CENTRAL BUSINESS DISTRICT. THE CUSTOMER BASE INCLUDES THE STATE OF MINNESOTA CAPITOL COMPLEX, CITY AND COUNTY OWNED BUILDINGS, HIGHER EDUCATION, HOSPITALS, FORTUNE 500 COMPANIES, RESIDENTIAL APARTMENTS, CONDOS, AND TOWNHOMES, AS WELL AS HOTELS, ENTERTAINMENT, AND SPORTS VENUES. DISTRICT ENERGY ST. PAUL IS THE LARGEST HOT WATER DISTRICT ENERGY SYSTEM IN THE UNITED STATES AND IS RECOGNIZED GLOBALLY AS A LEADER IN INTEGRATED AND DYNAMIC ENERGY SERVICES. TO INCREASE EFFICIENCY, RELIABILITY, AND IMPROVE THE ENVIRONMENTAL PROFILE OF THE SYSTEM, THE UTILITY HAS INCORPORATED THERMAL STORAGE, SOLAR THERMAL, AND BIOMASS-FIRED COMBINED HEAT AND POWER. THE WORK ON THE SYSTEM THIS YEAR INCLUDED SEVERAL DISTRIBUTION PROJECTS THAT SUPPORTED GROWTH OF THE HEATING AND COOLING SYSTEMS, CAPITAL MAINTENANCE PROJECTS TO MAINTAIN HIGH RELIABLY OF SERVICES AND CONSTRUCTION OF A NEW THERMAL PLANT TO INCORPORATED ADDITIONAL THERMAL STORAGE. AS THE BROADER TRANSFORMATION OF THE ENERGY SYSTEM CONTINUES, DISTRICT ENERGY REMAINS COMMITTED TO ADAPTING AND DEVISING CREATIVE SOLUTIONS THAT EFFECTIVELY SERVE CUSTOMERS, PARTNERSHIPS, AND THE SAINT PAUL COMMUNITY. DISTRICT ENERGY MAINTAINS THE VALUE OF IN-PERSON CUSTOMER ENGAGEMENT AND THIS YEAR THE COMPANY HOSTED ENGAGEMENT OPPORTUNITIES, SEMINARS, AND TRAININGS TO ENCOURAGE CUSTOMERS TO PLAY AN ACTIVE ROLE IN THEIR USE OF DISTRICT ENERGY. IN ADDITION, DISTRICT ENERGY CONTINUED TO HELP CUSTOMERS WITH THEIR ENERGY MONITORING VIA THE CUSTOMER PORTAL. TRAINING OPPORTUNITIES WERE OFFERED TO EXISTING CUSTOMERS WITH THE GOAL OF GETTING THEM DIRECTLY INVOLVED WITH THEIR ENERGY USAGE AND OPPORTUNITIES FOR IMPROVED EFFICIENCIES. AS THE COMPANY CONTINUES TO GROW, IT REMAINS DEDICATED TO PRIORITIZING THE CUSTOMERS' NEEDS FOR RELIABILITY, EFFICIENCY, AND COST-EFFECTIVENESS.Expenses $37,971,684 · grants $25,000 · revenue $42,295,134
- OPERATIONS & MANAGEMENT SERVICES:DE SERVICES LLC IS RESPONSIBLE FOR THE OPERATIONS AND MANAGEMENT OF MULTIPLE ENERGY SYSTEMS AND OPERATIONS IN SAINT PAUL, MN, INCLUDING ENERGY PARK UTILITY COMPANY, DISTRICT ENERGY ST. PAUL, ST. PAUL COGENERATION, AND ENVIRONMENTAL WOOD SUPPLY. THESE LAST THREE ENTITIES WORK TOGETHER TO HELP USE LOCAL TREE WASTE (BIOMASS) TO GENERATE HEAT AND ELECTRICITY FOR A LOW-CARBON ENERGY SOLUTION FOR LOCAL CUSTOMERS. THE TEAM WORKS WITH CITIES, COUNTIES, PRIVATE LANDOWNERS, AND BUSINESSES WHO NEED HELP DEALING WITH STORM-DAMAGED, DISEASED, INFESTED AND OTHER COMPROMISED TREES. THE TEAM CONTINUES TO SUPPORT EFFORTS OF THE MINNESOTA POLLUTION CONTROL AGENCY THROUGH BIOMASS STAKEHOLDERS WORKGROUP MEETINGS. THE COMPANY CONTINUES TO MANAGE A LARGE QUANTITY OF WOOD FOR THE METROPOLITAN REGION DUE TO THE REMOVAL OF TREES HARMED BY THE EMERALD ASH BORER.Expenses $10,674,902 · revenue $11,275,676
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 41-1358662
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1979
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W800)
- Assets (IRS master file)
- $185,308,442
- Income (IRS master file)
- $68,770,837
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $58,242,371 | $55,716,948 | $185,308,442 | XML |
| 990 | September 2024 | $67,001,355 | $57,940,921 | $175,428,818 | XML |
| 990 | September 2023 | $61,525,227 | $54,846,368 | $172,042,252 | XML |
| 990 | September 2022 | $45,571,955 | $44,720,001 | $140,549,719 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 41-1358662).
Questions about DISTRICT ENERGY ST PAUL INC
- What is the EIN of DISTRICT ENERGY ST PAUL INC?
- The employer identification number (EIN) of DISTRICT ENERGY ST PAUL INC is 41-1358662.
- Is DISTRICT ENERGY ST PAUL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
- Are donations to DISTRICT ENERGY ST PAUL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does DISTRICT ENERGY ST PAUL 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 DISTRICT ENERGY ST PAUL INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DISTRICT ENERGY ST PAUL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of DISTRICT ENERGY ST PAUL INC?
- The 990 for the year ended September 30, 2025 names LUKE GAALSWYK.
- Who are the officers and directors of DISTRICT ENERGY ST PAUL INC?
- The 990 for the year ended September 30, 2025 lists 21 people; 12 received compensation from the organization, the highest $688,245 (KENNETH SMITH, PRESIDENT & CEO).
- How much revenue does DISTRICT ENERGY ST PAUL INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $58,242,371, expenses of $55,716,948 and total assets of $185,308,442 at year end.
Other nonprofits in SAINT PAUL
- MIDWEST RELIABILITY ORGANIZATION INC EIN 04-3736566 · last filed 990 for 2024
- ON BEING PROJECT EIN 46-2775553 · last filed 990 for 2025
- WIN MINNESOTA EIN 74-3238362 · last filed 990 for 2024
- TAKE ACTION MINNESOTA EIN 20-3338691 · last filed 990 for 2025
- RAIL VOLUTION EIN 31-1791057 · last filed 990 for 2025
- MINNESOTA CHAMBER FOUNDATION EIN 41-1453093 · last filed 990 for 2025
- MMSA BUILDING COMPANY EIN 85-0917354 · last filed 990 for 2025
- JEFFERSON CENTER FOR NEW DEMOCRATIC PROCESSES EIN 41-1235544 · last filed 990 for 2025
All nonprofits in SAINT PAUL · Minnesota · Public and societal benefit