It is our mission to responsibly provide reliable, competitively priced energy, services and products to meet the needs of our members and customers.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 17 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at Public & Societal Benefit organizations nationwide.
- Base
- $229k
- Bonus
- $5k
- Other
- $4k
- Benefits
- $25k
- Base
- $143k
- Bonus
- —
- Other
- $2k
- Benefits
- $32k
- Base
- $145k
- Bonus
- —
- Other
- $1k
- Benefits
- $28k
- Base
- $145k
- Bonus
- —
- Other
- $2k
- Benefits
- $13k
- Base
- $130k
- Bonus
- $7k
- Other
- $2k
- Benefits
- $20k
- Base
- $139k
- Bonus
- —
- Other
- $1k
- Benefits
- $12k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
CEO 75th to 90th percentile | $229k | $5k | $4k | $25k | $289k $311k |
Lineman Highest Compensated Employee Median to 75th percentile | $143k | — | $2k | $32k | $193k $208k |
Lineman Highest Compensated Employee Median to 75th percentile | $145k | — | $1k | $28k | $191k $206k |
Lineman Highest Compensated Employee Median to 75th percentile | $145k | — | $2k | $13k | $176k $189k |
Operations Manager Median to 75th percentilevs all sectors nationwide | $130k | $7k | $2k | $20k | $174k $187k |
Lineman Highest Compensated Employee Median to 75th percentile | $139k | — | $1k | $12k | $168k $180k |
Accounting & Finance Mgr (as of June) Finance Manager Median to 75th percentilevs all sectors nationwide | — | — | — | — | $136k $146k |
Accounting & Finance Mgr (until April) Finance Manager 25th percentile to medianvs all sectors nationwide | — | — | — | — | $79k $85k |
President Below 10th percentile | — | — | — | — | $15k $16k |
Assist Secretary/treasurer Officer (Unspecified) | — | — | — | — | $15k $16k |
Secretary/treasurer Officer (Unspecified) | — | — | — | — | $14k $15k |
Vice President 10th to 25th percentile | — | — | — | — | $14k $15k |
Director Board Member 25th percentile to median | — | — | — | — | $14k $15k |
Director (as of May 2024) Board Member 25th percentile to median | — | — | — | — | $9k $10k |
Director (until Sep 2024) Board Member 25th percentile to median | — | — | — | — | $8k $9k |
Director (as of Sep 2024) Board Member 25th percentile to median | — | — | — | — | $6k $7k |
Director (until May 2024) Board Member 10th to 25th percentile | — | — | — | — | $4k $4k |
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.
Top pay as a share of expenses
In 2024, the highest total compensation at Mille Lacs Energy Cooperative equaled 0.9% of the organization's total expenses. The median for public & societal benefit organizations is 10%.
Based on 2,608 public & societal benefit organizations, each measured at its most recent filing year with reported expenses and compensation.
Up 5%
from 2023
From $275k in 2023 to $289k in 2024.
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.
Chief Executive Officer pay rose 5% from 2023 to 2024, while revenue held roughly steady.
- Highest Compensated Employee pay rose 18% from 2023 to 2024.
- Operations Manager pay rose 11% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about Mille Lacs Energy Cooperative
What does the Chief Executive Officer of Mille Lacs Energy Cooperative earn?
In 2024, the Chief Executive Officer of Mille Lacs Energy Cooperative received $289,200 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among Public & Societal Benefit organizations nationwide, though not the top 10% of comparable filings. Based on IRS Form 990 data.
How does Chief Executive Officer pay at Mille Lacs Energy Cooperative compare with similar nonprofits?
Compared with the same role at Public & Societal Benefit organizations nationwide, the 2024 pay of the Chief Executive Officer at Mille Lacs Energy Cooperative falls between the 75th and 90th percentiles. In 2024, the highest total compensation at Mille Lacs Energy Cooperative equaled 0.9% of the organization's total expenses. The median for public & societal benefit organizations is 10%.
What are Mille Lacs Energy Cooperative's revenue and expenses?
In 2024, Mille Lacs Energy Cooperative reported $32.3M in total revenue and $31.6M in total expenses on its IRS Form 990.
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