Mille Lacs Energy Cooperative
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 23,271,761 | 23,271,761 | 0 | 9.9 | 2% |
| 2012 | 24,295,372 | 24,295,372 | 0 | 10.2 | 2% |
| 2013 | 25,483,534 | 25,483,534 | 0 | 11.8 | 2% |
| 2014 | 26,706,042 | 26,706,042 | 0 | 12.2 | 1% |
| 2015 | 24,193,613 | 24,193,613 | 0 | 13.7 | 2% |
| 2016 | 25,005,997 | 25,005,997 | 0 | 13.4 | 2% |
| 2017 | 26,043,531 | 26,543,529 | −499,998 | 12.9 | 2% |
| 2018 | 27,117,494 | 27,467,494 | −350,000 | 12.9 | 2% |
| 2019 | 29,742,616 | 28,318,487 | 1,424,129 | 12.7 | 1% |
| 2020 | 28,320,088 | 27,799,006 | 521,082 | 13.1 | 16% |
| 2021 | 29,692,681 | 29,538,691 | 153,990 | 12.7 | 15% |
| 2022 | 29,203,634 | 28,814,017 | 389,617 | 13.4 | 15% |
| 2023 | 32,476,630 | 31,688,640 | 787,990 | 13.2 | 15% |
In its most recent public year (2023), this organization brought in $787,990 more than it spent. Its reserves stood at about 13.2 months of spending, up from 9.9 in 2011. Staff pay was 15% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Mille Lacs Energy Cooperative's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works