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Organizations Minnkota Power Cooperative Inc.

Minnkota Power Cooperative Inc.

Fiscal year ending 2023. Filed on April 30, 2024.

5301 32nd Avenue South
Grand Forks, North Dakota 58201

Minnkota Power Cooperative Inc. (EIN: 45-0166406) has filed an IRS Form 990 between fiscal years 2016 and 2023. In its fiscal year 2023 IRS Form 990 filing, Minnkota Power Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 16 out of 431 total employees. Among the employees shown here, the average compensation is $393,796. The highest compensated employee at Minnkota Power Cooperative Inc. is Robert McLennan with fiscal year 2023 compensation of $1,251,192.

Revenue, expenses, and employee compensation

Revenue

$449,704,391

Expenses

$436,669,776

Employee compensation

$5,150,462
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Robert McLennan
President and Chief Executive Officer
$1,251,192
$1,042,101 No related comp$209,091
Lowell Stave
Vice President and Chief Operating Officer
$503,274
$417,183 No related comp$86,091
Gerad Paul
General Counsel-Vp of Legal, Compliance and Risk Mgmt
$445,402
$361,327 No related comp$84,075
Jami Hovet
Vice President, Administration
$387,029
$305,943 No related comp$81,086
Kay Schraeder
Vice President and Chief Financial Officer
$378,538
$298,448 No related comp$80,090
Todd Sailer
Vice President of Power Supply
$368,989
$291,069 No related comp$77,920
Craig Bleth
Vice President of Project Development
$367,273
$287,332 No related comp$79,941
Dan Inman
Vice President and CISO
$351,479
$280,871 No related comp$70,608
Brendan Kennelly
Vice President of Power Delivery
$330,147
$256,599 No related comp$73,548
Andrew Sorbo
Vice President, Strategic Initiatives
$298,214
$231,184 No related comp$67,030
Shannon Mikula
Environmental Manager
$288,008
$219,513 No related comp$68,495
Stacey Dahl
Vice President, External Affairs
$287,109
$219,152 No related comp$67,957

Benchmark Employee Compensation

Non-Employee Board Members

Kalvin Hoff
Board Member
$19,910
$19,910 No related compNo other comp
Rick Coe
Board Member
$19,280
$19,280 No related compNo other comp
Les Windjue
Board Member
$19,060
$2,000 No related comp$17,060
Mark Habedank
Board Chair
$18,640
$18,640 No related compNo other comp
Colette Kujava
Board Secretary and Treasurer
$16,121
$16,121 No related compNo other comp
Steve Arnesen
Board Member
$12,840
$12,840 No related compNo other comp
Mike Wahl
Board Member
$12,100
$12,100 No related compNo other comp
Tom Woinarowicz
Board Vice Chair
$10,950
$10,950 No related compNo other comp
Anthony Ottem
Board Member
$10,020
$10,020 No related compNo other comp
Roger Krostue
Board Member
$9,640
$9,640 No related compNo other comp
Cheryl Grover
Board Member
$2,650
$2,650 No related compNo other comp

Contractors

Holland & Knight
Legal
$1,468,376
Sargent & Lundy
Engineering
$1,229,004
Burns & McDonnell Engineering
Engineering
$410,810
David Greeson Consulting LLC
Consulting
$381,286
Fredrikson & Byron PA
Legal
$296,187

Mission Statement

Minnkota Power Cooperative is a rural electric cooperative that generates and transmits electric power for eleven member cooperatives.

Revisions to this organization profile

April 30, 2024:
2023 Minnkota Power Cooperative Inc. 990 filed
May 4, 2023:
2022 Minnkota Power Cooperative Inc. 990 filed
April 29, 2022:
2021 Minnkota Power Cooperative Inc. 990 filed

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