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Filing year 2024

FREEBORN MOWER ELECTRIC COOPERATIVE

Albert Lea, Minnesota·EIN 41-0266055·NTEE Y22 · Mutual & Membership Benefit·501(c)(12)
Total revenue
$60.3M
Total assets
$159.2M
Total expenses
$60.1M
Reported officers
15
Mission

PROVIDE ELECTRIC POWER TO THE MEMBERS OF THE COOPERATIVE WHICH CONSISTS OF APPROXIMATELY 17,765 MEMBERS.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 15 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Mutual & Membership Benefit organizations nationwide.

President/ceo
75th to 90th percentile
$335k
$360k
Base
$235k
Bonus
$200
Other
$9k
Benefits
$27k
Director of Engin & Operations
75th to 90th percentilevs all sectors nationwide
$233k
$251k
Base
$169k
Bonus
$200
Other
$2k
Benefits
$26k
Manager of Operations
Operations Manager
75th to 90th percentilevs all sectors nationwide
$224k
$241k
Base
$138k
Bonus
$200
Other
$3k
Benefits
$26k
Working Foreman
Highest Compensated Employee
Median to 75th percentile
$199k
$214k
Base
$134k
Bonus
$200
Other
$1k
Benefits
$26k
Working Foreman
Highest Compensated Employee
Median to 75th percentile
$193k
$207k
Base
$151k
Bonus
$200
Other
$536
Benefits
$26k
Service Representative
Highest Compensated Employee
25th percentile to median
$161k
$174k
Base
$146k
Bonus
$200
Other
$664
Benefits
$902
Director
Board Member
Median to 75th percentile
$26k
$27k
Board Chair
Median to 75th percentile
$24k
$26k
Treasurer
Board Treasurer
Above 90th percentile
$21k
$22k
Secretary
Board Secretary
75th to 90th percentile
$21k
$22k
Director
Board Member
Median to 75th percentile
$20k
$22k
Vice Chairman
Board Vice Chair
Median to 75th percentilevs all sectors nationwide
$20k
$21k
Director
Board Member
Median to 75th percentile
$20k
$21k
Director
Board Member
Median to 75th percentile
$18k
$20k
Director
Board Member
25th percentile to median
$17k
$18k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Browse compensation in Mutual & Membership Benefit

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at FREEBORN MOWER ELECTRIC COOPERATIVE equaled 0.6% of the organization's total expenses. The median for mutual & membership benefit organizations is 4%.

This organization (2024)
0.6%
Sector median
4%
Middle half of sector
0.9% to 13%

Based on 1,353 mutual & membership benefit organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 9%
from 2023

From $306k in 2023 to $335k in 2024.

$306k
2023
$335k
2024
In today's dollarsEst.
Up 6% in real terms$338k to $360k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 9% from 2023 to 2024, while revenue fell 2%.

$306k in 2023 to $335k in 2024.
  • Operations Manager pay rose 5% from 2023 to 2024.
  • Highest Compensated Employee pay fell 10% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about FREEBORN MOWER ELECTRIC COOPERATIVE

What does the Chief Executive Officer of FREEBORN MOWER ELECTRIC COOPERATIVE earn?

In 2024, the Chief Executive Officer of FREEBORN MOWER ELECTRIC COOPERATIVE received $334,509 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among Mutual & Membership Benefit organizations nationwide, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at FREEBORN MOWER ELECTRIC COOPERATIVE compare with similar nonprofits?

Compared with the same role at Mutual & Membership Benefit organizations nationwide, the 2024 pay of the Chief Executive Officer at FREEBORN MOWER ELECTRIC COOPERATIVE falls between the 75th and 90th percentiles. In 2024, the highest total compensation at FREEBORN MOWER ELECTRIC COOPERATIVE equaled 0.6% of the organization's total expenses. The median for mutual & membership benefit organizations is 4%.

What are FREEBORN MOWER ELECTRIC COOPERATIVE's revenue and expenses?

In 2024, FREEBORN MOWER ELECTRIC COOPERATIVE reported $60.3M in total revenue and $60.1M in total expenses on its IRS Form 990.

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