NonprofitsMille Lacs Energy Cooperative

Public & Societal Benefit

Mille Lacs Energy Cooperative

AITKIN, MN

Total revenue

$32.3M

Total expenses

$31.6M

Net assets

$37.2M

Grants received

EIN

410411772

Tax year

2024

Mission

Provides electric distribution service to 13,666 members of the cooperative.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$31.8M
Investment income$459K
Other revenue$62K
Total revenue$32.3M

Expenses

Grants paid
Salaries & benefits$5.7M
Fundraising
Other expenses$23.7M
Total expenses$31.6M
Total assets$107.5M
Net assets$37.2M

People

17 listed

NameRoleCompensation

Sarah Cron

CEO

Board

$238K

40 hrs/wk

Mark Vosacek

Accounting & Finance Mgr (As of June)

Board

$99K

40 hrs/wk

Lincoln Messner

Accounting & Finance Mgr (Until April)

Board

$72K

40 hrs/wk

Harold Harms

President

Board

$15K

4.9 hrs/wk

Bruce Robinson

Assist Secretary/Treasurer

Board

$15K

5.7 hrs/wk

Aileen Demenge

Secretary/Treasurer

Board

$14K

3.9 hrs/wk

Mike Reem

Vice President

Board

$14K

6.4 hrs/wk

Mark Anderson

Director

Board

$14K

3.6 hrs/wk

Carol Pundt

Director (As of May 2024)

Board

$9K

4.1 hrs/wk

Don Appel

Director (Until Sep 2024)

Board

$8K

4.2 hrs/wk

Patrick Murphy

Director (As of Sep 2024)

Board

$6K

5.1 hrs/wk

Derik Midthun

Director (Until May 2024)

Board

$4K

2.4 hrs/wk

Calvin Seguin

Lineman

Staff

$147K

48 hrs/wk

Nikolaus Borchert

Lineman

Staff

$146K

48.3 hrs/wk

Anthony Klee

Lineman

Staff

$145K

46.4 hrs/wk

Tanner Clasen

Lineman

Staff

$140K

46.2 hrs/wk

Cory Brix

Operations Manager

Staff

$139K

40 hrs/wk

Independent contractors

Commercial Partners Title Division

Payment intermediary

$10.4M

Elite Underground Inc

Broadband construction

$4.9M

HANCO Utilities Inc

Fiber cable installation

$644K

Innovative Office Solutions

Purchase/installation of office equipmen

$432K

Riggs Tree Service LLC

Right of Way Clearing

$374K

Details

EIN410411772
NTEE codeW80Z
Subsection12
Ruling date1941-10
Formed1939
Employees53
Volunteers0