NonprofitsFederated Rural Electric Association

Federated Rural Electric Association

JACKSON, MN

Total revenue

$41.7M

Total expenses

$41.5M

Net assets

$48.3M

Grants received

EIN

410252540

Tax year

2024

Mission

To distribute energy and services in a cost effective, reliable, and efficient manner.

Programs

1 program

The cooperative acquired a fixed internet company with 1,100 customers in 2021 and since then has pursued expanding the broadband division by scaling a fiber network deployment and growing its customer base to 1,800. The cooperative has been awarded two minnesota grants and has received support from local counties within and overlapping the electric service territory in its pursuit of providing the highest quality internet service to all of our customers.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$40.3M
Investment income$323K
Other revenue$1.1M
Total revenue$41.7M

Expenses

Grants paid$18K
Salaries & benefits$3.2M
Fundraising
Other expenses$36.3M
Total expenses$41.5M
Total assets$88.5M
Net assets$48.3M

People

15 listed

NameRoleCompensation

SCOTT REIMER

GENERAL MANAGER

Board

$232K

40 hrs/wk

JULIE RESCH

CFO/OFFICE MANAGER

Board

$111K

40 hrs/wk

DAVID HANSEN

PRESIDENT (THROUGH DECEMBER 2024)

Board

$16K

4 hrs/wk

DARVIN VOSS

SECRETARY/TREASURER

Board

$14K

3 hrs/wk

SCOTT THIESSE

DIRECTOR

Board

$14K

6 hrs/wk

BRUCE BROCKMANN

DIRECTOR

Board

$13K

4 hrs/wk

GLENN DICKS

DIRECTOR

Board

$12K

4 hrs/wk

DAVID MESCHKE

VICE PRESIDENT

Board

$11K

3 hrs/wk

JON SAXEN

DIRECTOR

Board

$10K

3 hrs/wk

TYLER AYERS

DIRECTOR (START NOVEMBER 2024)

Board

$3K

3 hrs/wk

MATT MADDEN

OPERATIONS MANAGER

Staff

$113K

40 hrs/wk

ALEX C KUNZ

LINEMAN

Staff

$111K

40 hrs/wk

BRANDON CLARKE

WELCOME FOREMAN

Staff

$108K

40 hrs/wk

CASEY L SCHOELLERMAR

LINEMAN

Staff

$107K

40 hrs/wk

CHRIS BORCHARDT

LINEMAN

Staff

$107K

40 hrs/wk

Independent contractors

MIDWEST UTILITY SERVICES LLC

CONSTRUCTION

$2.3M

FINLEY ENGINEERING COMPANY INC

ENGINEERING/PROFESSIONAL SERVICES

$466K

CARR'S TREE SERVICE INC

TREE TRIMMING

$330K

TD & I CABLE MAINTENANCE INC

CONSTRUCTION

$319K

STAR ENERGY SERVICES LLC

ENGINEERING

$191K

Details

EIN410252540
Subsection12
Ruling date1937-12
Formed1935
Employees34
Volunteers0
FEDERATED RURAL ELECTRIC ASSOCIATION — Mission, Financials & Grants Received | Grantivo