Nonprofit · EIN 41-0411772
MILLE LACS ENERGY COOPERATIVE
Tax-exempt · AITKIN, MN 56431
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $37,222,762 | $35,707,265 | $1,515,497 | $110,138,495 | $68,463,853 | $41,674,642 |
| December 31, 2024 | 990 | $32,345,600 | $31,632,285 | $713,315 | $107,520,331 | $70,339,443 | $37,180,888 |
| December 31, 2023 | 990 | $32,476,630 | $31,688,640 | $787,990 | $100,842,123 | $65,923,240 | $34,918,883 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $33,853,448
- Investment income
- $1,102,229
- Net gain from sales of assets
- $659,089
- Other revenue
- $2,267,085
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $3,793,540
- Compensation of officers, directors and key employees
- $584,547
- Salaries, compensation and benefits (total)
- $584,547
- Professional fundraising fees
- $0
- Depreciation
- $2,932,508
Balance sheet and other
- Total assets, start of year
- $107,520,331
- Total assets, end of year
- $110,138,495
- Total liabilities, end of year
- $68,463,853
- Net assets, end of year
- $41,674,642
- Land, buildings and equipment
- $82,357,143
- Gross unrelated business income
- $122,410
- Gross receipts
- $37,552,671
- Employees
- 52
- Volunteers
- 0
- Year formed
- 1939
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SARAH CRON | CEO Officer | 40 | $259,431 | $54,479 |
| CALVIN SEGUIN | LINEMAN Highest-paid employee | 48 | $154,551 | $39,772 |
| CORY BRIX | OPERATIONS MANAGER Highest-paid employee | 40 | $142,872 | $28,743 |
| MARY WARD | HR MANAGER Highest-paid employee | 40 | $139,041 | $29,373 |
| TANNER CLASEN | LINEMAN Highest-paid employee | 45.9 | $136,634 | $28,410 |
| JAY EIDE | LINEMAN Highest-paid employee | 45.4 | $145,920 | $17,782 |
| MARK VOSACEK | ACCOUNTING & FINANCE MGR Officer | 40 | $119,204 | $38,698 |
| HAROLD HARMS | PRESIDENT Trustee or director, Officer | 4.8 | $18,320 | $0 |
| PATRICK MURPHY | DIRECTOR Trustee or director | 5.1 | $18,065 | $0 |
| BRUCE ROBINSON | ASSIST SECRETARY/TREASURER Trustee or director, Officer | 6.5 | $16,290 | $0 |
| MICHAEL REEM | VICE PRESIDENT Trustee or director, Officer | 6.3 | $15,855 | $0 |
| AILEEN DEMENGE | SECRETARY/TREASURER Trustee or director, Officer | 4.5 | $14,920 | $0 |
| MARK ANDERSON | DIRECTOR Trustee or director | 4 | $14,710 | $0 |
| CAROL PUNDT | DIRECTOR Trustee or director | 4.8 | $14,575 | $0 |
990 for the year ended December 31, 2024: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Sarah Cron | CEO Officer | 40 | $237,929 | $51,271 |
| Anthony Klee | Lineman Highest-paid employee | 46.4 | $144,954 | $48,239 |
| Nikolaus Borchert | Lineman Highest-paid employee | 48.3 | $146,456 | $44,775 |
| Calvin Seguin | Lineman Highest-paid employee | 48 | $146,632 | $29,205 |
| Cory Brix | Operations Manager Highest-paid employee | 40 | $138,570 | $35,078 |
| Tanner Clasen | Lineman Highest-paid employee | 46.2 | $140,005 | $27,665 |
| Mark Vosacek | Accounting & Finance Mgr (As of June) Officer | 40 | $99,205 | $36,529 |
| Lincoln Messner | Accounting & Finance Mgr (Until April) Officer | 40 | $72,390 | $6,714 |
| Harold Harms | President Trustee or director, Officer | 4.9 | $14,810 | $0 |
| Bruce Robinson | Assist Secretary/Treasurer Trustee or director, Officer | 5.7 | $14,786 | $0 |
| Aileen Demenge | Secretary/Treasurer Trustee or director, Officer | 3.9 | $14,211 | $0 |
| Mike Reem | Vice President Trustee or director, Officer | 6.4 | $14,104 | $0 |
| Mark Anderson | Director Trustee or director | 3.6 | $13,966 | $0 |
| Carol Pundt | Director (As of May 2024) Trustee or director | 4.1 | $8,961 | $0 |
| Don Appel | Director (Until Sep 2024) Trustee or director | 4.2 | $8,441 | $0 |
| Patrick Murphy | Director (As of Sep 2024) Trustee or director | 5.1 | $6,225 | $0 |
| Derik Midthun | Director (Until May 2024) Trustee or director | 2.4 | $3,955 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Sarah Cron | CEO Officer | 40 | $222,127 | $52,669 |
| Nikolaus Borchert | Lineman Highest-paid employee | 45.5 | $122,506 | $41,796 |
| Cory Brix | Operations Manager Highest-paid employee | 40 | $124,786 | $31,756 |
| Tanner Clasen | Lineman Highest-paid employee | 44.7 | $122,027 | $26,955 |
| Gregory Greely | Lineman Highest-paid employee | 45.4 | $127,858 | $10,508 |
| Jay Eide | Lineman Highest-paid employee | 43 | $124,663 | $13,499 |
| Lincoln Messner | Accounting & Finance Mgr Officer | 40 | $108,157 | $17,284 |
| Harold Harms | President Trustee or director, Officer | 6.3 | $15,207 | $0 |
| Bruce Robinson | Assist Secretary/Treasurer Trustee or director, Officer | 5.7 | $13,907 | $0 |
| Mike Reem | Vice President Trustee or director, Officer | 5.7 | $13,207 | $0 |
| Mark Anderson | Director Trustee or director | 5.1 | $12,660 | $0 |
| Aileen Demenge | Secretary/Treasurer Trustee or director, Officer | 3.7 | $12,637 | $0 |
| Derik Midthun | Director Trustee or director | 3 | $11,382 | $0 |
| Don Appel | Director Trustee or director | 3.6 | $10,757 | $0 |
Address and contacts
- Address (IRS master file)
- 23483 US HIGHWAY 169, AITKIN, MN 56431-6184
- Principal officer (990 for 2025)
- ANTHONY LENZ, 23483 US HIGHWAY 169, AITKIN, MN 56431
- Signed the 990
- ANTHONY LENZ, CEO
- Phone
- (218) 927-2191
- Website
- WWW.MLECMN.NET
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
IT IS OUR MISSION TO RESPONSIBLY PROVIDE RELIABLE, COMPETITEVELY PRICED ENERGY, SERVICES AND PRODUCTS TO MEET THE NEEDS OF OUR MEMBERS AND CUSTOMERS.
Program accomplishments
- PROVIDED ELECTRIC DISTRIBUTION SERVICE TO 13,742 MEMBERS OF THE COOPERATIVE AND BUILD/MAINTAIN 2,031 MILES OF LINE IN 2025.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-0411772
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1941
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W80Z)
- Assets (IRS master file)
- $110,138,495
- Income (IRS master file)
- $37,552,671
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $37,222,762 | $35,707,265 | $110,138,495 | XML |
| 990 | December 2024 | $32,345,600 | $31,632,285 | $107,520,331 | XML |
| 990 | December 2023 | $32,476,630 | $31,688,640 | $100,842,123 | XML |
| 990 | December 2022 | $29,203,634 | $28,814,017 | $88,985,955 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-0411772).
Questions about MILLE LACS ENERGY COOPERATIVE
- What is the EIN of MILLE LACS ENERGY COOPERATIVE?
- The employer identification number (EIN) of MILLE LACS ENERGY COOPERATIVE is 41-0411772.
- Is MILLE LACS ENERGY COOPERATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1941.
- Are donations to MILLE LACS ENERGY COOPERATIVE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MILLE LACS ENERGY COOPERATIVE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MILLE LACS ENERGY COOPERATIVE due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MILLE LACS ENERGY COOPERATIVE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MILLE LACS ENERGY COOPERATIVE?
- The 990 for the year ended December 31, 2025 names ANTHONY LENZ.
- Who are the officers and directors of MILLE LACS ENERGY COOPERATIVE?
- The 990 for the year ended December 31, 2025 lists 14 people; 14 received compensation from the organization, the highest $259,431 (SARAH CRON, CEO).
- How much revenue does MILLE LACS ENERGY COOPERATIVE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $37,222,762, expenses of $35,707,265 and total assets of $110,138,495 at year end.
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