Overview
What is Eastern Iowa Light & Power Cooperative?
The Eastern Iowa Light & Power Cooperative is a nonprofit organization headquartered in Wilton, Iowa. With a commitment to enhancing the quality of life for its members, the cooperative provides safe, reliable, and affordable electricity to approximately 18,607 individuals. In 2022, the cooperative served a total of 23,969 accounts, consuming collectively 604,582,000 KWH of electricity. The organization owns, maintains, and operates an extensive network of 4,853 miles of rural distribution lines to ensure continued electricity access. The Eastern Iowa Light & Power Cooperative is dedicated to its mission of providing electricity on a cooperative basis.
Official website here: www.easterniowa.com
Is Eastern Iowa Light & Power Cooperative legitimate?
Eastern Iowa Light & Power Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Eastern Iowa Light & Power Cooperative submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $868,943
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.easterniowa.com
What is the mission statement of Eastern Iowa Light & Power Cooperative?
Eastern Iowa Light & Power Cooperative is dedicated to delivering safe, reliable, and affordable electricity to its member-consumers. The cooperative manages and operates a network of rural distribution lines spanning over 4,853 miles, providing service to approximately 18,607 individuals. In 2022, a total of 604,582,000 kilowatt-hours of electricity was consumed across 23,969 accounts. By offering such essential resources, Eastern Iowa Light & Power Cooperative seeks to enhance the overall quality of life for its members.
Official website here: www.easterniowa.com
Who is the CEO of Eastern Iowa Light & Power Cooperative?
Kirk Trede is the CEO of Eastern Iowa Light & Power Cooperative The CEO's salary of Eastern Iowa Light & Power Cooperative is $304,390 and their total compensation is $456,406.
Official website here: www.easterniowa.com
What is the revenue of Eastern Iowa Light & Power Cooperative?
Eastern Iowa Light & Power Cooperative's revenue in 2024 was $68,530,906.
Official website here: www.easterniowa.com
Who are the executives of Eastern Iowa Light & Power Cooperative and what are their salaries?
The average compensation at Eastern Iowa Light & Power Cooperative during 2024 was $9,147. There are 95 employees at Eastern Iowa Light & Power Cooperative.
Here are 25 key members and their salaries (Eastern Iowa Light & Power Cooperative's CEO's salary is $304,390 and their total compensation is $456,406):
- Compensation: $20,632
- Related: $0
- Other: $0
- Compensation: $14,821
- Related: $0
- Other: $0
- Compensation: $16,632
- Related: $0
- Other: $0
- Compensation: $16,582
- Related: $0
- Other: $0
- Compensation: $14,082
- Related: $0
- Other: $0
- Compensation: $14,832
- Related: $0
- Other: $0
- Compensation: $8,407
- Related: $0
- Other: $0
- Compensation: $8,432
- Related: $0
- Other: $0
- Compensation: $6,416
- Related: $0
- Other: $0
- Compensation: $7,624
- Related: $0
- Other: $0
- Compensation: $15,232
- Related: $0
- Other: $0
- Compensation: $12,432
- Related: $0
- Other: $0
- Compensation: $12,032
- Related: $0
- Other: $0
- Compensation: $13,232
- Related: $0
- Other: $0
- Compensation: $19,232
- Related: $0
- Other: $0
- Compensation: $6,808
- Related: $0
- Other: $0
- Compensation: $5,208
- Related: $0
- Other: $0
- Compensation: $5,208
- Related: $0
- Other: $0
- Compensation: $304,390
- Related: $0
- Other: $152,016
- Compensation: $150,078
- Related: $0
- Other: $44,616
- Compensation: $148,209
- Related: $0
- Other: $49,936
- Compensation: $141,218
- Related: $0
- Other: $75,776
- Compensation: $166,062
- Related: $0
- Other: $47,073
- Compensation: $133,757
- Related: $0
- Other: $67,679
- Compensation: $154,682
- Related: $0
- Other: $50,199
Official website here: www.easterniowa.com
Where can I find the form 990 for Eastern Iowa Light & Power Cooperative?
Eastern Iowa Light & Power Cooperative's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.easterniowa.com
Learn more at the official website: www.easterniowa.com
Mission Statement of Eastern Iowa Light & Power Cooperative
Eastern Iowa Light & Power Cooperative, with a commitment to providing safe, reliable, and affordable offerings, enhances the quality of life for its member-consumers by delivering electricity. The cooperative's primary mission is to ensure the continuous flow of electricity to its 18,607 members, as evidenced by the consumption of 604,582,000 KWh during the year 2022 by 23,969 accounts. Eastern Iowa Light & Power Cooperative maintains, operates, and owns a vast electrical network consisting of 4,853 miles of rural distribution lines, consistently keeping the power flowing to its rural community.
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Impact
October, 2024
Eastern Iowa Light & Power Cooperative plays a crucial role in delivering electricity to its members, fostering community development and improving the quality of life in the region. In 2022, the cooperative served 18,607 individual members, who collectively consumed over 604 million kilowatt-hours of electricity. By owning and maintaining 4,853 miles of rural distribution lines, it ensures reliable access to power, particularly in areas that might otherwise be underserved.
The cooperative’s commitment to providing safe, reliable, and affordable electricity enhances the living conditions of its members. This focus on community benefits not only supports economic stability but also contributes to a sustainable future by empowering local residents with access to essential services. Eastern Iowa Light & Power Cooperative’s operations bolster rural infrastructure, allowing for growth and ensuring that residents enjoy a higher quality of life.
This information is meant to be a general summary of Eastern Iowa Light & Power Cooperative. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $100,745
- Program Service Revenue: $64,430,905
- Gross Receipts: $68,775,885
Assets and Liabilities:
- Total Assets: $192,486,456
- Total Liabilities: $98,509,798
- Net Assets: $93,976,658
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF POWER
Revenue
$64,430,905
Organization Details
Founding Year
1935
Principal Officer
Kirk Trede
Website
www.easterniowa.comNTEE Category
Code: W80 - Public benefit
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