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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Clearwater-Polk Electric Cooperative Inc.

Clearwater-Polk Electric Cooperative Inc.

Fiscal year ending 2019. Filed on July 10, 2020.

PO Box O
Bagley, Minnesota 56621

Clearwater-Polk Electric Cooperative Inc. (EIN: 41-0654789) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2019 IRS Form 990 filing, Clearwater-Polk Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 3 out of 18 total employees. Among the employees shown here, the average compensation is $159,807. The highest compensated employee at Clearwater-Polk Electric Cooperative Inc. is Bruce Bjerke with fiscal year 2019 compensation of $239,202.

Revenue, expenses, and employee compensation

Revenue

$9,997,650

Expenses

$9,945,353

Employee compensation

$1,609,679
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Bruce Bjerke
Chief Executive Officer and General Manager
$239,202
$130,110 No related comp$109,092
Deborah Olson
Office Manager
$146,719
$99,711 No related comp$47,008
Deanna Lefebvre
Office Manager (Nov-Dec)
$93,500
$63,186 No related comp$30,314

Benchmark Employee Compensation

Non-Employee Board Members

Greg Spaulding - Director
(Jan-Mar)/Vice President (Apr-Dec)
$5,800
$5,800 No related compNo other comp
Greg Renner - Director Jan
Mar)/Treasurer (Apr-Dec)
$4,050
$4,050 No related compNo other comp
Robert Johnson
Secretary
$3,100
$3,100 No related compNo other comp
Lerroy Riewer
President
$2,990
$2,990 No related compNo other comp
Gary Mathis - Treasurer Jan
Mar)/Director (Apr-Dec)
$2,650
$2,650 No related compNo other comp
Bill Lanners
Director (Apr-Dec)
$2,250
$2,250 No related compNo other comp
Kim Solberg
Director (Apr-Dec)
$2,200
$2,200 No related compNo other comp
Vernon Hamnes
Vice President (Jan-Mar)
$1,400
$1,400 No related compNo other comp
Keith Demaris
Director (Jan-Mar)
$800
$800 No related compNo other comp

Mission Statement

CLEARWATER-POLK ELECTRIC COOPERATIVE WILL STRIVE TO PROVIDE ECONOMICAL AND RELIABLE ENERGY SERVICES WHILE ENSURING THE SAFETY AND WELL-BEING OF OUR EMPLOYEES AND MEMBERS WITH CONSIDERATION FOR THE ENVIRONMENT.

Revisions to this organization profile

August 15, 2025:
2024 Clearwater-Polk Electric Cooperative Inc. 990 filed
August 19, 2024:
2023 Clearwater-Polk Electric Cooperative Inc. 990 filed
October 10, 2023:
2022 Clearwater-Polk Electric Cooperative Inc. 990 filed

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