Connexus Energy
- Assets
- $473.3m
- Revenue
- $274.0m
- Investments
- $9.7m
- Employees
- 293
- Location
- Ramsey, MN
- Founding
- 12/1937
- Data as of
- 12/2021
- EIN
- 41-0128105
Organization Overview
Connexus Energy is located in Ramsey, MN. The organization was established in 1937. According to its NTEE Classification (C99) the organization is classified as: Environment N.E.C., under the broad grouping of Environment and related organizations. As of 12/2021, Connexus Energy employed 293 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Connexus Energy is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2021, Connexus Energy generated $274.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $274.0m during the year ending 12/2021. While expenses have increased by 0.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Connexus Energy has awarded 92 individual grants totaling $1,966,286. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING UTILITY SERVICES TO MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONNEXUS ENERGY PROVIDED UTILITY SERVICES TO APPROXIMATELY 140,985 MEMBERS IN EIGHT COUNTIES IN THE NORTH SUBURBAN AREA OF MINNEAPOLIS AND ST. PAUL, MN AND MAINTAINED 9,310 MILES OF LINES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Ridderbusch President/ceo | Officer | 50 | $762,327 |
Michael Bash Staff Executive Until 01/2021 | 0 | $486,759 | |
Brian Burandt VP Power Supply/bus. Devel. | Officer | 50 | $273,889 |
Yan Paul Martinez Vp/cfo | Officer | 50 | $263,621 |
Don Haller VP Member Services | Officer | 45 | $256,316 |
Mark Koplin VP Technology | Officer | 45 | $249,859 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rp Schroeder Construction Construction Services | 12/30/21 | $3,015,521 |
Asplundh Tree Experts Llc Vegetation Management | 12/30/21 | $2,561,809 |
Nextera Energy Capital Holdings Solar Energy Storage Mgmt | 12/30/21 | $1,080,382 |
Carr's Tree Service Inc Vegetation Management | 12/30/21 | $1,022,131 |
Wright Tree Serviceinc Vegetation Management | 12/30/21 | $1,019,340 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $271,138,164 |
| Investment income | $367,922 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $335,398 |
| Net Gain/Loss on Asset Sales | $1,723,003 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $273,978,610 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $330,422 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $15,499,409 |
| Compensation of current officers, directors, key employees. | $3,088,822 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,550,045 |
| Pension plan accruals and contributions | $2,405,303 |
| Other employee benefits | $2,478,499 |
| Payroll taxes | $1,427,688 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $313,923 |
| Fees for services: Accounting | $80,683 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,061,564 |
| Advertising and promotion | $329,196 |
| Office expenses | $1,378,262 |
| Information technology | $2,567,765 |
| Royalties | $0 |
| Occupancy | $965,884 |
| Travel | $171,754 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,058 |
| Interest | $6,364,560 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,074,850 |
| Insurance | $545,838 |
| All other expenses | $1,665,065 |
| Total functional expenses | $273,978,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,600 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,627,978 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,765,688 |
| Prepaid expenses and deferred charges | $1,357,564 |
| Net Land, buildings, and equipment | $254,732,760 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,706,241 |
| Investments—program-related | $157,061,153 |
| Intangible assets | $941 |
| Other assets | $15,089,611 |
| Total assets | $473,343,536 |
| Accounts payable and accrued expenses | $20,862,612 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $160,856,226 |
| Unsecured mortgages and notes payable | $9,847,132 |
| Other liabilities | $62,044,647 |
| Total liabilities | $253,610,617 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $219,732,919 |
| Total liabilities and net assets/fund balances | $473,343,536 |
Grants Awarded
Over the last fiscal year, Connexus Energy has awarded $324,642 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
Ramsey, MN PURPOSE: GENERAL DONATION | $86,406 |
ANOKA TECHNICAL COLLEGE FOUNDATION PURPOSE: VARIOUS PROGRAMS | $34,500 |
ANOKA COUNTY DEPARTMENT OF PARKS AND RECREATION PURPOSE: BUNKER BEACH SPONSORSHIP AND WILDLIFE OUTREACH/HERITAGE LAB | $32,500 |
Minneapolis, MN PURPOSE: POLLINATOR RESEARCH | $25,000 |
Blaine, MN PURPOSE: GENERAL DONATION | $25,000 |
Minneapolis, MN PURPOSE: MATCH EMPLOYEE CONTRIBUTIONS | $22,334 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Connexus Energy Ramsey, MN | $473,343,536 | $273,978,610 |
East Central Energy Braham, MN | $351,028,810 | $133,197,154 |
Saint Therese Communities St Louis Park, MN | $121,765,844 | $46,911,248 |
Sioux Falls Environmental Access Inc Sioux Falls, SD | $7,756,758 | $3,855,352 |
Minnesota Center For Environmental Advocacy Saint Paul, MN | $4,803,986 | $3,527,564 |
Taliesin Preservation Inc Spring Green, WI | $4,141,300 | $2,912,475 |
Halter Wildlife Inc Pleasant Prairie, WI | $2,698,381 | $1,665,084 |
St Paul Transportation Management Organization Saint Paul, MN | $798,950 | $1,352,019 |
White Earth Rediscovery Center White Earth, MN | $13,477,224 | $170,141 |
Minnesota Forest Industries Inc Duluth, MN | $382,538 | $785,019 |
Clean Energy Economy Minnesota Minneapolis, MN | $198,416 | $664,959 |
Alpha Pi Alliance For The Preserva Tion Of Historic Places Inc Verona, WI | $16,278 | $246,592 |