Pella Cooperative Electric Association

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 420461075 ✦ Pella, IA ✦ Designated as a 501(c)(12)

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Overview

What is Pella Cooperative Electric Association?

Pella Cooperative Electric Association is a nonprofit organization situated in Pella, Iowa. With a mission to serve, they provide essential electric distribution services to approximately 3,000 member-consumers residing in Jasper, Mahaska, Marion, Poweshiek, and Warren counties. As a distribution cooperative, their primary activity is to ensure reliable electric service in south central Iowa. With a dedicated team of 19 employees, they strive to maintain and improve the quality of electricity in their service area, contributing to the comfort and convenience of their community.


Official website here: www.pella-cea.org

Is Pella Cooperative Electric Association legitimate?

Pella Cooperative Electric Association is a legitimate nonprofit organization registered as a 501(c)(12) entity. Pella Cooperative Electric Association 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: $244,249
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.pella-cea.org

What is the mission statement of Pella Cooperative Electric Association?

Pella Cooperative Electric Association serves as a distribution cooperative, providing electric service to approximately 3000 member-consumers across five counties in South Central Iowa. Its mission is centered around distributing electricity, with the primary goal of ensuring reliable and consistent power supply within its service area. The cooperative's activities are focused on maintaining a stable electric infrastructure, ensuring adequate electricity supply to meet the needs of its members. By operating as a cooperative, Pella Cooperative Electric Association prioritizes its members' interests, fostering a sense of community and mutual support among its consumers. The cooperative's operations are guided by a commitment to delivering high-quality electric service, ensuring that its members can enjoy the benefits of electricity in their daily lives.


Official website here: www.pella-cea.org

Who is the CEO of Pella Cooperative Electric Association?

Douglas Stewart is the President of Pella Cooperative Electric Association. The CEO's salary of Pella Cooperative Electric Association is $132,184 and their total compensation is $178,359.


Official website here: www.pella-cea.org

What is the revenue of Pella Cooperative Electric Association?

Pella Cooperative Electric Association's revenue in 2022 was $8,189,747.


Official website here: www.pella-cea.org

Who are the executives of Pella Cooperative Electric Association and what are their salaries?

The average compensation at Pella Cooperative Electric Association during 2022 was $12,855. There are 19 employees at Pella Cooperative Electric Association.


Here are 8 key members and their salaries (Pella Cooperative Electric Association's CEO's salary is $132,184 and their total compensation is $178,359):


Duane Ver Ploeg (President)
  • Compensation: $6,550
  • Related: $0
  • Other: $0
Steve Inskeep (Vice President)
  • Compensation: $11,810
  • Related: $0
  • Other: $0
Robert Van Soelen (Treasurer)
  • Compensation: $9,360
  • Related: $0
  • Other: $0
Bryce Arkema (Secretary)
  • Compensation: $14,170
  • Related: $0
  • Other: $0
Darrell Boot (Asst Secretary/Treasurer)
  • Compensation: $6,855
  • Related: $0
  • Other: $0
Jon Van Woerkom (Director)
  • Compensation: $8,930
  • Related: $0
  • Other: $0
Carroll Hoksbergen (Director)
  • Compensation: $8,215
  • Related: $0
  • Other: $0
Douglas Stewart (Ceo)
  • Compensation: $132,184
  • Related: $0
  • Other: $46,175


Official website here: www.pella-cea.org

Where can I find the form 990 for Pella Cooperative Electric Association?

Pella Cooperative Electric Association's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.pella-cea.org

Learn more at the official website: www.pella-cea.org

Mission Statement of Pella Cooperative Electric Association

Pella Cooperative Electric Association, a distribution cooperative, is dedicated to providing electric service to its member-consumers residing in five counties of South Central Iowa. This nonprofit organization's purpose is to ensure reliable and consistent electric supply to its approximately 3000 customers in Jasper, Mahaska, Marion, Poweshiek, and Warren Counties. By serving as a distribution cooperative, Pella Cooperative Electric Association plays a crucial role in powering homes, businesses, and communities within its operational area, contributing to the overall quality of life and economic development of the region.

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Impact




October, 2024

Pella Cooperative Electric Association plays a vital role in delivering electric service to approximately 3,000 member-consumers across five counties in south-central Iowa: Jasper, Mahaska, Marion, Poweshiek, and Warren. By ensuring reliable access to electricity, it supports local communities, economic growth, and quality of life enhancements for its consumers. Its presence helps stimulate local economies by providing essential infrastructure that powers homes, businesses, and essential services. Additionally, the cooperative fosters community engagement and provides opportunities for local residents to participate in energy-related programs, ultimately enhancing the social and economic fabric of the region.




This information is meant to be a general summary of Pella Cooperative Electric Association. 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.

Revenue
$8,189,747 (2022)
Expenses
$7,741,951 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $42,605
  • Program Service Revenue: $7,970,040
  • Gross Receipts: $8,189,747

Assets and Liabilities:

  • Total Assets: $30,802,510
  • Total Liabilities: $15,289,411
  • Net Assets: $15,513,099

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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

$7,970,040

Organization Details

Founding Year

1936

Principal Officer

Douglas Stewart

Main Address

PO BOX 106, PELLA, IA, 50219

NTEE Category

Code: W80 - Public benefit

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