Federated Rural Electric Association

Organization Overview

Federated Rural Electric Association is located in Jackson, MN. The organization was established in 1937. 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, Federated Rural Electric Association employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Federated Rural Electric Association 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, Federated Rural Electric Association generated $36.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $35.4m 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO DISTRIBUTE ENERGY AND SERVICES IN A COST EFFECTIVE, RELIABLE, AND EFFICIENT MANNER.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE RELIABLE ELECTRIC SERVICE TO OVER 5,292 MEMBERS. WITHOUT THE FORMATION OF THIS COOPERATIVE, THESE MEMBERS WOULD NOT HAVE RECEIVED ELECTRIC SERVICE IN 1935. SINCE THAT TIME WE HAVE CONSISTENTLY PROVIDED SERVICE TO ALL RURAL CUSTOMERS IN JACKSON AND MARTIN COUNTIES IN MINNESOTA AS WELL AS SOME SMALLER TOWNS. IN ADDITION, WE PROVIDE ELECTRIC SERVICE TO BOUNDARY CUSTOMERS OF 11 ADDITIONAL COUNTIES INCLUDING APPROXIMATELY 60 MEMBERS IN IOWA.


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Board, Officers & Key Employees

Name (title)Compensation
Scott Reimer
General Manager
$197,477
Matt Madden
Operations Manager
$105,970
Casey Schoellerman
Lineman
$102,474
Kollin Vandevere
Foreman
$100,865
Kyle Koerselman
Foreman
$100,038
Julie Resch
CFO
$97,648

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Loosebrock Digging Service
Construction
$809,350
Carr's Tree Service
Tree Trimming
$352,583
Star Energy Services Llc
Engineering Professional Services
$240,266
Karian Peterson
Construction
$137,212
View All Vendors

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$36,118,685
Investment income $90,197
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$203,556
Miscellaneous Revenue$0
Total Revenue $36,024,282

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Federated Rural Electric Association has recieved totaling $14,642.

Awarding OrganizationAmount
National Rural Utilities Cooperative Finance Corp

Dulles, VA

PURPOSE: INTEGRITY FUND - TERRITORY THREAT

$14,642
View Grant Recipient Profile

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