Connexus Energy
CONNEXUS ENERGY SERVES OUR MEMBERSHIP BY PROVIDING COST COMPETITIVE, RELIABLE ELECTRICITY AND RELATED SERVICES, WITH AN ENVIRONMENTAL COMMITMENT, AFFIRMING THE VALUE OF MEMBER COOPERATIVE OWNERSHIP.
Key facts about Connexus Energy
- EIN
- 41-0128105
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $576,060
- Grants made (2024)
- 1
- Average grant
- $576,060
- Median grant
- $576,060
- Total assets
- $493,777,555
- Primary geography
- Minnesota (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
How Connexus Energy gives
- Giving grew 74% from 2021 to 2024. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Connexus Energy
- How to evaluate Connexus Energy as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$493.8M
-0.5% YoY
Annual Giving
$576K
+28.2% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$576K
+28.2% YoY
About Connexus Energy
Based on IRS filings
Connexus Energy is a nonprofit organization, based in Ramsey, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $493.8M in total assets. In 2024, it awarded 1 grant totaling $576K. Net investment income was $2.2M.
Ready to take the next step with Connexus Energy?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $493,777,555 | $496,063,364 | $491,977,657 |
| Revenue | $258,953,092 | $260,909,344 | $266,851,245 |
| Expenses | $258,953,092 | $260,909,344 | $266,851,245 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $2,221,004 | $2,187,068 | $120,562 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include The Connexus Energy Foundation ($576,060).
| Recipient | Purpose | Amount |
|---|---|---|
| THE CONNEXUS ENERGY FOUNDATION Ramsey, MN | GENERAL DONATION | $576,060 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Fran Bator | Chair | 25 | $60,510 |
| Mark Ethen | Vice Chair | 14 | $26,683 |
| Shelly Peterson | Secretary/Treasurer | 10 | $49,423 |
| Mike Thews | Asst. Secretary/Treasurer | 14 | $49,223 |
| Angela Ronayne | Director from 04/2024 | 7 | $32,789 |
| Kenneth Fiereck | Director Until 04/2024 | 14 | $16,394 |
| Gordon Westerlind | Director Until 04/2024 | 12 | $10,061 |
| Richard Braastad | Director | 9 | $49,183 |
| Joseph Gruenes | Director from 04/2024 | 10 | $20,289 |
| Sam Villella | Director from 04/2024 | 10 | $9,789 |
| Greg Ridderbusch | President/CEO Until 03/2024 | 50 | $518,420 |
| Yan Paul Martinez | VP/CFO | 50 | $439,202 |
| Brian Burandt | President/CEO | 50 | $407,389 |
| Mark Koplin | VP Technology | 45 | $295,622 |
| Nick Loehlein | VP Electric Operations | 45 | $291,669 |
| Linda Maegi | VP Employee Services | 50 | $289,918 |
| Alison Miles | VP Member Services | 47 | $241,483 |
| Sidney Jackson | President and CEO 03/2024-06/2024 | 50 | $303,905 |
| Michael Rimolde | Crew Lead | 59 | $220,319 |
| Jared Rolstad | Lead Lineworker | 64 | $231,179 |
| Ted Boonstra | Crew Lead | 58 | $216,562 |
| Scott Johnson | Crew Lead | 62 | $233,198 |
| Jared Newton | Director, Engineering & System Ops | 50 | $216,174 |
Frequently Asked Questions
How large is Connexus Energy?
As of 2024, Connexus Energy holds $493.8M in total assets with $259.0M in annual revenue. It awarded 1 grant totaling $576K in 2024.
Where does Connexus Energy operate?
Connexus Energy has awarded grants in Minnesota.
What size grants does Connexus Energy award?
In 2024, Connexus Energy awarded 1 grant totaling $576K — an average of about $576K per grant, based on its IRS Form 990 filings.
What is Connexus Energy's EIN?
Connexus Energy's EIN (Employer Identification Number) is 41-0128105. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.