Nonprofit · EIN 45-0206162
VERENDRYE ELECTRIC COOPERATIVE INC
Tax-exempt · VELVA, ND 58790
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $57,430,112 | $55,790,750 | $1,639,362 | $182,942,138 | $112,543,165 | $70,398,973 |
| December 31, 2023 | 990 | $58,329,631 | $56,474,366 | $1,855,265 | $181,199,972 | $112,703,824 | $68,496,148 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $56,422,604
- Investment income
- $978,560
- Net gain from sales of assets
- $29,515
- Net income from sales of inventory
- $28,948
- Other revenue
- $28,948
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $2,506,445
- Compensation of officers, directors and key employees
- $978,267
- Other salaries and wages
- $6,767,098
- Salaries, compensation and benefits (total)
- $11,356,732
- Professional fundraising fees
- $0
- Depreciation
- $3,766,473
- Program services (functional)
- $55,790,750
Balance sheet and other
- Total assets, start of year
- $181,199,972
- Total assets, end of year
- $182,942,138
- Total liabilities, end of year
- $112,543,165
- Net assets, end of year
- $70,398,973
- Land, buildings and equipment
- $113,073,570
- Gross receipts
- $57,548,845
- Employees
- 68
- Volunteers
- 0
- Year formed
- 1939
- State of legal domicile
- ND
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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRAD DOLL | GENERAL MANAGER Officer | 48 | $234,971 | $96,651 |
| CHRISTEL LASKOWSKI | BUSINESS MANAGER Officer | 48 | $182,313 | $64,317 |
| TIM KRUMWIEDE | OPERATIONS MANAGER Key employee | 48 | $159,841 | $77,695 |
| DJ RANDOLPH | COMPUTER ENGINEER Highest-paid employee | 48 | $141,486 | $73,409 |
| RICK ERICKSON | AREA FOREMAN Highest-paid employee | 42 | $126,069 | $64,837 |
| BRYAN SCHWAN | LINEMAN Highest-paid employee | 45 | $127,151 | $62,774 |
| CURT PETERSON | LINEMAN Highest-paid employee | 45 | $131,065 | $56,062 |
| TOM RAFFERTY | MEMBER SERVICE MANAGER Highest-paid employee | 48 | $133,860 | $51,862 |
| ROBERT HARGRAVE | DIRECTOR Trustee or director | 7 | $17,713 | $0 |
| MAXINE ROGNLIEN | ASST SECRETARY TREASURER Trustee or director, Officer | 7 | $16,613 | $0 |
| KAREN HENNESSY | VICE PRESIDENT Trustee or director, Officer | 7 | $15,813 | $0 |
| CLINT GJELLSTAD | PRESIDENT Trustee or director, Officer | 5 | $11,713 | $0 |
| SHAWN KAYLOR | SECRETARY TREASURER Trustee or director, Officer | 4 | $10,013 | $0 |
| JON HANSEN | DIRECTOR Trustee or director | 4 | $9,213 | $0 |
| BLAINE BRUNER | DIRECTOR Trustee or director | 4 | $8,213 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEN SCHILD | DIRECTOR Trustee or director | 4 | $8,013 |
| ROBERT WOLF | DIRECTOR Trustee or director | 3 | $6,713 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RANDY HAUCK | GENERAL MANAGER Officer | 50 | $270,577 | $121,324 |
| BRAD DOLL | ENGINEERING MANAGER Key employee | 48 | $179,781 | $74,735 |
| CHRISTEL LASKOWSKI | BUSINESS MANAGER Officer | 48 | $168,011 | $59,072 |
| TIM KRUMWIEDE | OPERATIONS MANAGER Key employee | 48 | $152,671 | $73,298 |
| DJ RANDOLPH | COMPUTER ENGINEER Highest-paid employee | 48 | $134,772 | $70,481 |
| RICK ERICKSON | AREA FOREMAN Highest-paid employee | 43 | $126,330 | $61,040 |
| BRYAN SCHWAN | LINEMAN Highest-paid employee | 47 | $128,080 | $59,208 |
| CURT PETERSON | LINEMAN Highest-paid employee | 46 | $129,214 | $52,675 |
| TOM RAFFERTY | MEMBER SERVICE MANAGER Highest-paid employee | 48 | $128,530 | $50,187 |
| KAREN HENNESSY | VICE PRESIDENT Trustee or director, Officer | 10 | $23,813 | $0 |
| MAXINE ROGNLIEN | ASST SECRETARY TREASURER Trustee or director, Officer | 9 | $23,413 | $0 |
| CLINT GJELLSTAD | DIRECTOR Trustee or director | 5 | $12,413 | $0 |
| KEN SCHILD | DIRECTOR Trustee or director | 5 | $10,613 | $0 |
| BLAINE BRUNER | PRESIDENT Trustee or director, Officer | 4 | $10,013 | $0 |
| SHAWN KAYLOR | SECRETARY TREASURER Trustee or director, Officer | 4 | $9,813 | $0 |
| JON HANSEN | DIRECTOR Trustee or director | 4 | $9,213 | $0 |
| ROBERT WOLF | DIRECTOR Trustee or director | 3 | $6,613 | $0 |
| ROBERT HARGRAVE | DIRECTOR Trustee or director | 3 | $6,206 | $0 |
Address and contacts
- Address (IRS master file)
- 615 HIGHWAY 52 W, VELVA, ND 58790-7417
- In care of
- % BRADLEY DOLL
- Principal officer (990 for 2024)
- BRADLEY DOLL, 615 HWY 52 W, VELVA, ND 587907417
- Signed the 990
- Christel Laskowski, Business Manager
- Phone
- (701) 338-2855
- Website
- www.verendrye.com
Mission
TO PROVIDE QUALITY ELECTRIC SERVICE AT A COMPETITIVE COST STRENGTHEN THE AREA ECONOMY & LEAD IN IMPROVING THE REGIONS QUALITY OF LIFE THROUGH INNOVATION WHILE OPERATING WITHIN THE COOPERATIVE PRINCIPLES
Program accomplishments
- VERENDRYE ELECTRIC COOPERATIVE DISTRIBUTED ELECTRICITY TO 12,823 MEMBERS AT 16,793 METERING POINTS. VERENDRYE HAD 2,319 MILES OF OVERHEAD DISTRIBUTION LINE AND 2,300 MILES OF UNDERGROUND DISTRIBUTION LINE FOR A TOTAL OF 4,619 MILES OF ENERGIZED LINE.0
- VERENDRYE ELECTRIC COOPERATIVE PROVIDES TO ITS MEMBERS PROGRAMS THAT PROMOTE ENERGY CONSERVATION AND EFFICIENCY SUCH AS WEATHERIZATION LOANS ENERGY AUDITS HIGH EFFICIENCY WATER HEATERS AND HEAT PUMPS. VERENDRYE ALSO HAS RENEWABLE ENERGY PROGRAMS SUCH AS SOLAR WATER PUMPING AND WIND ENERGY.0
- VERENDRYE ELECTRIC COOPERATIVE PROVIDES ELECTRICAL SAFETY PROGRAMS TO AREA SCHOOLS AND ORGANIZATIONS AND SPONSORS YOUTH PROGRAMS SUCH AS SCHOLARSHIPS AND A YOUTH TOUR TO THE NATIONS CAPITAL.0
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 | Not 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
- 45-0206162
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1952
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $182,942,138
- Income (IRS master file)
- $57,548,845
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $57,430,112 | $55,790,750 | $182,942,138 | IRS |
| 990 | December 2023 | $58,329,631 | $56,474,366 | $181,199,972 | XML |
| 990 | December 2022 | $58,253,353 | $56,817,444 | $170,733,986 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 45-0206162).
Questions about VERENDRYE ELECTRIC COOPERATIVE INC
- What is the EIN of VERENDRYE ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of VERENDRYE ELECTRIC COOPERATIVE INC is 45-0206162.
- Is VERENDRYE ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1952.
- Are donations to VERENDRYE ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does VERENDRYE 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 VERENDRYE 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 VERENDRYE 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 VERENDRYE ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 names BRADLEY DOLL.
- Who are the officers and directors of VERENDRYE ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 lists 17 people; 17 received compensation from the organization, the highest $234,971 (BRAD DOLL, GENERAL MANAGER).
- How much revenue does VERENDRYE ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $57,430,112, expenses of $55,790,750 and total assets of $182,942,138 at year end.
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