Nonprofit · EIN 41-1768397
STEARNS ELECTRIC ASSOCIATION TRUST
Tax-exempt · MELROSE, MN 56352
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $206,061 | $194,378 | $11,683 | $80,530 | $0 | $80,530 |
| December 31, 2024 | 990 | $202,713 | $190,953 | $11,760 | $68,847 | $0 | $68,847 |
| December 31, 2023 | 990-EZ | $178,354 | $169,785 | $8,569 | $57,087 | $0 | $57,087 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $205,631
- Program service revenue
- $0
- Investment income
- $430
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $190,546
- Compensation of officers, directors and key employees
- $2,800
- Salaries, compensation and benefits (total)
- $2,800
- Professional fundraising fees
- $0
- Travel
- $1,007
- Program services (functional)
- $190,546
- Management and general (functional)
- $3,832
Balance sheet and other
- Total assets, start of year
- $68,847
- Total assets, end of year
- $80,530
- Total liabilities, end of year
- $0
- Net assets, end of year
- $80,530
- Net assets without donor restrictions
- $80,530
- Gross receipts
- $206,061
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1993
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MATT O'SHEA | CEO-STEARNS ELECTRIC ASSOC Officer | 0 | $0 | $308,084 | $127,462 |
| RONALD PAULSEN | PRESIDENT Trustee or director, Officer | 0.37 | $500 | $0 | $0 |
| STEVE GUDGELL | SECRETARY/TREASURER Trustee or director, Officer | 0.33 | $400 | $0 | $0 |
| AL POSER | DIRECTOR Trustee or director | 0.29 | $300 | $0 | $0 |
| MEREDITH ULRICH | DIRECTOR Trustee or director | 0.29 | $300 | $0 | $0 |
| DAVID CEBULLA | DIRECTOR Trustee or director | 0.29 | $300 | $0 | $0 |
| NICOLE HOLTHAUS | DIRECTOR Trustee or director | 0.29 | $300 | $0 | $0 |
| CHRIS BERGMAN | VICE PRESIDENT Trustee or director, Officer | 0.19 | $200 | $0 | $0 |
| ANN REISCHL | DIRECTOR Trustee or director | 0.19 | $200 | $0 | $0 |
| CONNIE SPANSWICK | DIRECTOR Trustee or director | 0.19 | $200 | $0 | $0 |
| MIKE MEAGHER | DIRECTOR Trustee or director | 0.12 | $100 | $0 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MATT O'SHEA | CEO - STEARNS ELECTRIC ASSOCIATION Officer | 0 | $0 | $280,548 | $116,317 |
| MARCY JOHNSON | VICE PRESIDENT Trustee or director, Officer | 0.33 | $400 | $0 | $0 |
| CHRIS BERGMAN | DIRECTOR Trustee or director | 0.29 | $400 | $0 | $0 |
| RONALD PAULSEN | PRESIDENT Trustee or director, Officer | 0.29 | $300 | $0 | $0 |
| JEN HEINEN | SECRETARY/TREASURER Trustee or director, Officer | 0.33 | $300 | $0 | $0 |
| AL POSER | DIRECTOR Trustee or director | 0.31 | $300 | $0 | $0 |
| MEREDITH ULRICH | DIRECTOR Trustee or director | 0.29 | $300 | $0 | $0 |
| DAVID CEBULLA | DIRECTOR Trustee or director | 0.31 | $300 | $0 | $0 |
| ANN REISCHL | DIRECTOR Trustee or director | 0.29 | $300 | $0 | $0 |
| STEVE GUDGELL | DIRECTOR Trustee or director | 0.25 | $200 | $0 | $0 |
990-EZ for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH CHRISTENSEN | PRESIDENT | 0.35 | $400 |
| CHRIS BERGMAN | VICE PRESIDENT | 0.29 | $400 |
| CHUCK MARKS | DIRECTOR | 0.31 | $300 |
| MARCY JOHNSON | DIRECTOR | 0.33 | $300 |
| ANN REISCHL | DIRECTOR | 0.27 | $300 |
| AL POSER | DIRECTOR | 0.33 | $300 |
| JEN HEINEN | SECRETARY/TREASURER | 0.29 | $200 |
| STEVE GUDGELL | DIRECTOR | 0.25 | $200 |
| RONALD PAULSEN | DIRECTOR | 0.1 | $100 |
Address and contacts
- Address (IRS master file)
- PO BOX 40, MELROSE, MN 56352-0040
- Principal officer (990 for 2025)
- RONALD PAULSEN, 700 KRAFT DR SE PO BOX 40, MELROSE, MN 563520040
- Signed the 990
- RONALD PAULSEN, PRESIDENT
- Phone
- (800) 962-0655
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
TO SERVE AS RESPONSIBLE STEWARDS OF THE GENEROSITY OF STEARNS ELECTRIC ASSOCIATION MEMBER-CONSUMERS AND DISTRIBUTE GRANT FUNDS IN A MANNER THAT ENHANCES THE OVERALL QUALITY OF LIFE IN OUR LOCAL COMMUNITY.
Program accomplishments
- THE ORGANIZATION COLLECTS AND DISBURSES FUNDS FOR CHARITABLE AND EDUCATIONAL PURPOSES IN THE AREA SERVED BY STEARNS COOPERATIVE ELECTRIC ASSOCIATION. GRANTS ARE GIVEN TO CHARITABLE ORGANIZATIONS, WORTHY CAUSES, & INDIVIDUALS IN NEED AFTER THE BOARD REVIEWS AN "OPERATION ROUND UP APPLICATION" REQUESTING FUNDS. ORGANIZATIONS OR INDIVIDUALS REQUESTING FUNDS EXPLAIN WHAT THE FUNDS WILL BE USED FOR AND WHY THEY ARE IN NEED. PROFILE INFORMATION ON THE APPLICATION IS ALSO USED AS THE BASIS FOR A GRANT.Expenses $190,546 · grants $190,546
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-EZ on file |
IRS record
- EIN
- 41-1768397
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T70Z)
- Assets (IRS master file)
- $80,530
- Income (IRS master file)
- $206,061
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $206,061 | $194,378 | $80,530 | XML |
| 990 | December 2024 | $202,713 | $190,953 | $68,847 | XML |
| 990-EZ | December 2023 | $178,354 | $169,785 | $57,087 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | 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 41-1768397).
Questions about STEARNS ELECTRIC ASSOCIATION TRUST
- What is the EIN of STEARNS ELECTRIC ASSOCIATION TRUST?
- The employer identification number (EIN) of STEARNS ELECTRIC ASSOCIATION TRUST is 41-1768397.
- Is STEARNS ELECTRIC ASSOCIATION TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to STEARNS ELECTRIC ASSOCIATION TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does STEARNS ELECTRIC ASSOCIATION TRUST 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 STEARNS ELECTRIC ASSOCIATION TRUST 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 STEARNS ELECTRIC ASSOCIATION TRUST 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 STEARNS ELECTRIC ASSOCIATION TRUST?
- The 990 for the year ended December 31, 2025 names RONALD PAULSEN.
- Who are the officers and directors of STEARNS ELECTRIC ASSOCIATION TRUST?
- The 990 for the year ended December 31, 2025 lists 11 people; 10 received compensation from the organization.
- How much revenue does STEARNS ELECTRIC ASSOCIATION TRUST have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $206,061, expenses of $194,378 and total assets of $80,530 at year end.
Other nonprofits in MELROSE
- MAGNIFI FINANCIAL FOUNDATION EIN 61-1690771 · last filed 990-PF for 2024
- MAGNIFI FINANCIAL CREDIT UNION EIN 41-0705136 · last filed 990 for 2024
- STEARNS COOPERATIVE ELECTRIC ASSOCIATION EIN 41-0558175 · last filed 990 for 2024
- CENTRACARE HEALTH SYSTEM OF MELROSE EIN 41-1865315 · last filed 990 for 2025
- MIDWEST OUTDOORS UNLIMITED INC EIN 26-2540208 · last filed 990 for 2025
- AMERICAN LEGION EIN 41-6036773 · last filed 990 for 2024
- MELROSE AREA FOOD SHELF EIN 41-1957479 · last filed 990-EZ for 2024
- STEARNS COUNTY AMERICAN DAIRY ASSOC EIN 90-2374830 · last filed 990 for 2025
All nonprofits in MELROSE · Minnesota · Philanthropy, voluntarism and grantmaking foundations