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EIN 41-0155615

Benco Electric Cooperative

IRS 501(c) type
501(c)(12)
Num. employees
44
City
Mankato
State
Minnesota
Year formed
1937
Most recent tax filings
2022-12-01
NTEE code, primary
W80: Public Utilities
Description
Benco Electric Cooperative safely provides the best possible service at the lowest possible cost, consistent with sound business management. Benco sold 341,044,117 kwh to 19,094 electric services and maintained 3,620 miles of underground and overhead distribution lines.
Also known as...
Blue Earth-Nicollet-Faribault Cooperative Electric Association; Blue Earth Nicollet Coop
Total revenues
$53,795,371
2022
Total expenses
$53,777,621
2022
Total assets
$137,782,800
2022
Num. employees
44
2022

Program areas at Benco Electric Cooperative

Sale of 384,887,205 kwh to 19,751 Electric services. Maintained 3,638 miles of underground and overhead distribution lines.

Personnel at Benco Electric Cooperative

NameTitleCompensation
David SundermanChief Executive Officer$252,042
Christopher BectholdCrew Chief$126,650
Tim BraulickOperations and Engineering Manager / Manager of Operations and Eng / Engineering and Operations Manager$141,444
Abby DahmsManager of Finance / Finance Manager$117,998
Kathy GerberMember Services Manager / Communications Manager
...and 9 more key personnel

Financials for Benco Electric Cooperative

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$52,623,194
Investment income and dividends$300,942
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$6,880
Net gain from sale of non-inventory assets$102,702
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$-82,584
Miscellaneous revenues$844,237
Total revenues$53,795,371

Form 990s for Benco Electric Cooperative

Fiscal year endingDate received by IRSFormPDF link
2022-122023-10-31990View PDF
2020-122021-09-20990View PDF
2019-122020-09-30990View PDF
2018-122019-10-12990View PDF
2017-122018-10-16990View PDF
...and 8 more Form 990s

Organizations like Benco Electric Cooperative

OrganizationLocationRevenue
Eastern Iowa Light and Power CooperativeWilton, IA$66,377,154
Pioneer Electric CooperativeGreenville, AL$31,309,147
Three Rivers Electric CooperativeLinn, MO$47,009,896
Minnesota Valley Electric CooperativeJordan, MN$112,862,188
Talquin Electric CooperativeQuincy, FL$155,209,914
Itasca-Mantrap Cooperative Electrical AssociationPark Rapids, MN$30,902,494
Baldwin County Electric Membership CorporationSummerdale, AL$195,242,494
Clark Electric CooperativeGreenwood, WI$25,712,386
Newberry Electric CooperativeNewberry, SC$45,705,196
Red Lake Electric CooperativeRed Lake Falls, MN$15,413,825
Data update history
January 18, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 9, 2024
Updated personnel
Identified 2 new personnel
December 27, 2023
Used new vendors
Identified 1 new vendor, including
August 4, 2022
Posted financials
Added Form 990 for fiscal year 2020
July 26, 2022
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Public utilitiesPublic sector nonprofitsHeadquarter / parent organizations
Issues
No issues found
Characteristics
State / local level
General information
Address
PO Box 8
Mankato, MN 56002
County
Blue Earth County, MN
Website URL
benco.org/ 
Phone
(507) 387-7963
IRS details
EIN
41-0155615
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1937
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W80: Public Utilities
NAICS code, primary
2211: Electric Power Generation, Transmission, and Distribution Establishments
Parent/child status
Central organization
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