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; $2.2M paid to officers and key staff.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Justin Jahnz | $345,714 | $285,084 | $236,642 | $215,800 | $160,942 |
| Vern Johnson | — | — | — | — | $294,945 |
| Ty Houglum | $263,723 | $229,446 | $176,701 | $173,314 | — |
| Andy Olson | $262,585 | $238,504 | $206,924 | $195,285 | — |
| Lisa Prachar | $259,775 | $236,585 | $200,001 | $186,274 | — |
| Cheryl Hagfors | — | — | — | $152,202 | $252,676 |
| Steve Shurts | — | — | — | — | $206,567 |
| Tor Kindem | $186,888 | — | $174,019 | $155,490 | $167,808 |
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.
See East Central Energy executive salaries →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
Provides electricity to its members.
Questions for East Central Energy
Your first name shows with your question. East Central Energy answers here, for everyone.
Provide electric energy to members.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Federal money
The auditor reported no findings.
The auditor reported no findings.
The auditor reported 8 findings: a weakness in money controls.
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $13.6M | $12.2M |
| InvestmentsLn 11–13 | $72.7M | $75.7M |
| Land, buildings, equipmentLn 10c | $298.4M | $369.9M |
| Total assetsLn 16 | $422.3M | $497.9M |
| LiabilitiesLn 26 | $271.9M | $340.2M |
| Net assetsLn 32 | $150.4M | $157.7M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $37K | |||
| Benefits paid to or for membersLn 4 | $14.3M | |||
| Pay of current officers, directors and key staffLn 5 | $1.7M | |||
| InterestLn 20 | $10.8M | |||
| Depreciation, depletion and amortizationLn 22 | $13.0M | |||
| Other expenses (24a–d)Ln 24 | $112.1M | |||
| All other expensesLn 24e | $9.1M | |||
| Total functional expensesLn 25 | $161.0M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest ViewingFiled with the IRS Nov 11, 2025 | $155.6M | $161.0M | −$5.4M | $157.7M | 990 PDF |
| FY2023Filed with the IRS Nov 14, 2024 | $143.4M | $145.6M | −$2.2M | $150.4M | 990 PDF |
| FY2022Filed with the IRS Nov 8, 2023 | $136.4M | $136.3M | $73K | $142.4M | 990 PDF |
| FY2021Filed with the IRS Nov 10, 2022 | $133.2M | $137.9M | −$4.7M | $135.8M | 990 PDF |
| FY2020Filed with the IRS Oct 18, 2021 | $127.2M | $127.0M | $175K | $135.2M | 990 PDF |
Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $155,598,325 revenue, 12 lines filed
Part VI · Governance 9 of 11 board members independent, no flags
Part VIII · Statement of revenue $155,598,325 across 5 lines filed
Part IX · Statement of functional expenses $161,010,311 across 7 lines filed
Part X · Balance sheet $497,896,008 assets, 21 lines filed
Part XI · Reconciliation of net assets $157,705,519 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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