Freeborn Mower Electric Cooperative
PROVIDE ELECTRIC POWER TO THE MEMBERS OF THE COOPERATIVE WHICH CONSISTS OF APPROXIMATELY 17,765 MEMBERS.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$159.2M
+5.3% YoY
Annual Giving
$30K
Grant Count
1
Avg Grant Size
$30K
About Freeborn Mower Electric Cooperative
Based on IRS filings
Freeborn Mower Electric Cooperative is a nonprofit organization focused on Mutual/Membership Benefit, based in ALBERT LEA, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $159.2M in total assets. In 2024, it awarded 1 grants totaling $30K. Net investment income was $114K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $159,183,214 | $151,110,003 | $146,099,899 |
| Revenue | $60,266,711 | $61,656,883 | $62,118,752 |
| Expenses | $60,093,840 | $59,885,004 | $61,090,269 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $114,118 | $138,353 | $112,190 |
| Distributable Amount | — | — | — |
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
1 grants across all recorded years
Open Grants
2 open opportunities from Freeborn Mower Electric Cooperative
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Riverland Community College Foundation ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| RIVERLAND COMMUNITY COLLEGE FOUNDATION AUSTIN, MN | SUPPORT OF PROJECT CONVERTING A TRUCK TO AN ELECTRIC VEHICLE | $30,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN JACK KORMAN | BOARD CHAIR | 8 | $23,760 |
| STEVE GARBISCH | TREASURER | 3 | $20,897 |
| MATT MARAS | DIRECTOR | 6 | $20,067 |
| DENNIS ANDERSON | VICE CHAIRMAN | 4 | $19,860 |
| FRANK FRYER | SECRETARY | 3 | $20,879 |
| LARRY IRVINE | DIRECTOR | 4 | $19,515 |
| WILLIAM TRYGSTAD | DIRECTOR | 5 | $18,276 |
| RICHARD SCHAUFLER | DIRECTOR | 10 | $25,523 |
| JAY NEITZELL | DIRECTOR | 3 | $16,882 |
| JAMES KRUEGER | PRESIDENT/CEO | 45 | $244,078 |
| NICHOLAS ROLFING | SERVICE REPRESENTATIVE | 48 | $146,369 |
| JACK KORTAN | MANAGER OF OPERATIONS | 40 | $141,353 |
| BRAD DEVRIES | WORKING FOREMAN | 50 | $152,113 |
| AL STADHEIM | DIRECTOR OF ENGIN & OPERATIONS | 40 | $170,297 |
| AL CASTERTON | WORKING FOREMAN | 48 | $135,715 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Freeborn Mower Electric Cooperative?
Freeborn Mower Electric Cooperative is a nonprofit organization focused on Mutual/Membership Benefit, based in ALBERT LEA, MN. It holds $159.2M in total assets as of 2024.
How large is Freeborn Mower Electric Cooperative?
As of 2024, Freeborn Mower Electric Cooperative holds $159.2M in total assets with $60.3M in annual revenue. It awarded 1 grants totaling $30K in 2024.
Where does Freeborn Mower Electric Cooperative operate?
Freeborn Mower Electric Cooperative has awarded grants in Minnesota.
What size grants does Freeborn Mower Electric Cooperative award?
In 2024, Freeborn Mower Electric Cooperative awarded 1 grants totaling $30K — an average of about $30K per grant, based on its IRS Form 990 filings.
What is Freeborn Mower Electric Cooperative's EIN?
Freeborn Mower Electric Cooperative's EIN (Employer Identification Number) is 41-0266055. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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