Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1937.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
21 people listed on the 990; $4.1M paid to officers and key staff.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Greg Ridderbusch | $518,420 | $979,519 | $830,967 | $762,327 | $769,443 |
| Michael Bash | — | — | — | $486,759 | $448,215 |
| Yan Paul Martinez | $439,202 | $344,429 | $359,052 | $263,621 | $52,993 |
| Brian Burandt | $407,389 | $311,133 | $348,072 | $273,889 | $268,891 |
| Peter Miller | — | — | — | $117,954 | $312,174 |
| Matt Yseth | — | — | — | — | $310,970 |
| Sidney Jackson | $303,905 | — | — | — | — |
| Mark Koplin | $295,622 | $277,150 | $265,234 | $249,859 | $254,810 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Delivers essential utility services to its members.
Questions for Connexus Energy
Your first name shows with your question. Connexus Energy answers here, for everyone.
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Connexus energy provided utility services to approximately 145,629 members in eight counties in the north suburban area of minneapolis and ST. Paul, MN and maintained 9,577 miles of lines.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $2K | $20.5M |
| InvestmentsLn 11–13 | $165.2M | $137.2M |
| Land, buildings, equipmentLn 10c | $263.9M | $264.5M |
| Total assetsLn 16 | $492.0M | $496.1M |
| LiabilitiesLn 26 | $271.2M | $273.2M |
| Net assetsLn 32 | $220.7M | $222.9M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $449K | |||
| Benefits paid to or for membersLn 4 | $10.3M | |||
| Pay of current officers, directors and key staffLn 5 | $3.6M | |||
| Other salaries and wagesLn 7 | $19.2M | |||
| Pension plan contributionsLn 8 | $2.2M | |||
| Other employee benefitsLn 9 | $2.6M | |||
| Payroll taxesLn 10 | $1.6M | |||
| Legal feesLn 11b | $130K | |||
| Accounting feesLn 11c | $102K | |||
| Other fees for servicesLn 11g | $2.0M | |||
| Advertising and promotionLn 12 | $1.4M | |||
| Office expensesLn 13 | $1.6M | |||
| Information technologyLn 14 | $2.3M | |||
| OccupancyLn 16 | $1.1M | |||
| TravelLn 17 | $325K | |||
| Conferences, conventions and meetingsLn 19 | $81K | |||
| InterestLn 20 | $7.2M | |||
| Depreciation, depletion and amortizationLn 22 | $14.2M | |||
| InsuranceLn 23 | $619K | |||
| Other expenses (24a–d)Ln 24 | $187.2M | |||
| All other expensesLn 24e | $2.7M | |||
| Total functional expensesLn 25 | $260.9M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $259.0M | $259.0M | $0 | $225.9M | 990 PDF |
| FY2023 Viewing | $260.9M | $260.9M | $0 | $222.9M | 990 PDF |
| FY2022 | $266.9M | $266.9M | $0 | $220.7M | 990 PDF |
| FY2021 | $274.0M | $274.0M | $0 | $219.7M | 990 PDF |
| FY2020 | $255.2M | $255.2M | $0 | $212.7M | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $260,909,344 revenue, 12 lines filed
Part VI · Governance 8 of 8 board members independent, no flags
Part VIII · Statement of revenue $260,909,344 across 6 lines filed
Part IX · Statement of functional expenses $260,909,344 across 21 lines filed
Part X · Balance sheet $496,063,364 assets, 16 lines filed
Part XI · Reconciliation of net assets $222,861,030 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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