Mienergy Cooperative

Organization Overview

Mienergy Cooperative is located in Rushford, MN. The organization was established in 1949. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Mienergy Cooperative employed 80 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mienergy Cooperative 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, Mienergy Cooperative generated $76.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $74.6m during the year ending 12/2021. While expenses have increased by 7.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO DELIVER HIGH-QUALITY ENERGY SERVICES AT REASONABLE PRICES AND MAXIMIZE VALUE TO OUR MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 19,062 MEMBERS AND MAINTAINED 5,561 MILES OF LINES PRIMARILY IN RURAL AREAS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Dairyland Power Cooperative
Line & Substation Upgrades/maintenance
$1,783,713
Asplundh Tree Expert Comp
Tree Clearing
$1,003,778
Highline Construction Inc
Line Construction
$990,484
Tjader & Highstrom Utility Services
Line Construction
$601,427
West Union Trenching Llc
Line Construction
$539,696
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,625,600
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$1,625,600
Total Program Service Revenue$74,844,158
Investment income $111,833
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $65,018
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $8,977
Miscellaneous Revenue$0
Total Revenue $76,660,548

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Mienergy Cooperative has recieved totaling $16,258.

Awarding OrganizationAmount
National Rural Utilities Cooperative Finance Corp

Dulles, VA

PURPOSE: INTEGRITY FUND - TERRITORY THREAT

$16,258
View Grant Recipient Profile

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