Tip Rural Electric Cooperative

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

EIN: 420557125 ✦ Brooklyn, IA ✦ Designated as a 501(c)(12)

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Overview

What is Tip Rural Electric Cooperative?

Tip Rural Electric Cooperative is a nonprofit organization based in Brooklyn, Iowa, with a mission to provide electric service to 5,039 members and 6,553 accounts. In 2022, they sold an impressive 148,489,757 kilowatt hours of electric energy, generating a recorded program service revenue of $16,403,258, which accounted for 96% of their total annual revenue. The cooperative is dedicated to offering safe, reliable electricity at a competitive cost while pursuing excellence in technology, service, and member relations for the benefit of their members and the communities they serve. They employ a team of 33 individuals to deliver on this commitment.


Official website here: www.tiprec.com

Is Tip Rural Electric Cooperative legitimate?

Tip Rural Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Tip Rural Electric 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: $393,977
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,062,325

For more financial information, click here


Official website here: www.tiprec.com

What is the mission statement of Tip Rural Electric Cooperative?

Tip Rural Electric Cooperative is dedicated to delivering safe and dependable electric service to approximately 5,000 members and 6,553 accounts. Their mission is to provide electricity at a competitive cost while continually striving for excellence in technology, service, and member relations. The cooperative sold a record-breaking 148.5 million kilowatt-hours of electric energy in 2022 and generated a program service revenue of $16.4 million, representing a significant portion of their total revenue for the year. The cooperative's primary focus is to enhance the quality of life for its members and the communities it serves.


Official website here: www.tiprec.com

Who is the CEO of Tip Rural Electric Cooperative?

Dean Huls is the General Manager of Tip Rural Electric Cooperative.


Official website here: www.tiprec.com

What is the revenue of Tip Rural Electric Cooperative?

Tip Rural Electric Cooperative's revenue in 2022 was $17,059,790.


Official website here: www.tiprec.com

Who are the executives of Tip Rural Electric Cooperative and what are their salaries?

The average compensation at Tip Rural Electric Cooperative during 2022 was $74,433. There are 33 employees at Tip Rural Electric Cooperative.


Here are 15 key members and their salaries:


Gene Von Ahsen (President)
  • Compensation: $21,333
  • Related: $0
  • Other: $34
Ronald Hoffman (Secretary/Treasurer)
  • Compensation: $21,098
  • Related: $0
  • Other: $25
Randy Upah (Director)
  • Compensation: $19,673
  • Related: $0
  • Other: $34
Arianne Axmear (Vice President)
  • Compensation: $18,963
  • Related: $0
  • Other: $34
Jerry Henning (Assistant Secretary)
  • Compensation: $16,834
  • Related: $0
  • Other: $34
David Lee King (Director)
  • Compensation: $16,124
  • Related: $0
  • Other: $25
James De Smet (Director)
  • Compensation: $15,236
  • Related: $0
  • Other: $29
Craig Stallman (Director)
  • Compensation: $12,751
  • Related: $0
  • Other: $34
James Hines (Director - Part Year)
  • Compensation: $9,507
  • Related: $0
  • Other: $25
Lisa Tichy (Director)
  • Compensation: $3,955
  • Related: $0
  • Other: $5
Dean Huls (General Manager)
  • Compensation: $188,611
  • Related: $0
  • Other: $49,609
Terry Kloppenburg (Financial Manager)
  • Compensation: $111,992
  • Related: $0
  • Other: $45,141
Scott Long (Operations Manager)
  • Compensation: $110,640
  • Related: $0
  • Other: $40,234
Nathan Hopwood (It Manager)
  • Compensation: $105,028
  • Related: $0
  • Other: $42,598
Cole Calkins (Staking Technician/Member)
  • Compensation: $104,815
  • Related: $0
  • Other: $43,678


Official website here: www.tiprec.com

Where can I find the form 990 for Tip Rural Electric Cooperative?

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


Official website here: www.tiprec.com

Learn more at the official website: www.tiprec.com

Mission Statement of Tip Rural Electric Cooperative

Tip Rural Electric Cooperative, a leading utility provider, is committed to delivering safe and reliable electric service to its 5,039 members and 6,553 accounts. The cooperative's mission goes beyond just providing power; it strives for excellence in technology, service, and member relations to benefit its members and the communities it serves. In 2022, Tip Rural Electric Cooperative sold an impressive 148,489,757 kilowatt hours of electric energy and recorded a program service revenue of $16,403,258, representing 96% of its total revenue for the year.

This not-for-profit organization operates with a strong dedication to ensuring that its members receive high-quality electric service at competitive prices. By investing in cutting-edge technology, Tip Rural Electric Cooperative is able to provide efficient and dependable power to its consumers. Moreover, it places great emphasis on fostering exceptional relationships with its members, ensuring their needs are met with great care and attention.

In pursuing its mission, Tip Rural Electric Cooperative has achieved remarkable success, providing essential electric service to thousands of families and businesses. The cooperative's unwavering commitment to its members and the communities it serves has earned it a reputation for reliability and excellence. Through its continued efforts in technology, service, and member relations, Tip Rural Electric Cooperative looks forward to a bright future in the provision of electric services.

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Impact




October, 2024

Tip Rural Electric Cooperative significantly impacts the lives of its members and the surrounding communities by providing safe and reliable electric service. With a membership of 5,039 and a total of 6,553 accounts, the cooperative delivered 148,489,757 kilowatt hours of electric energy in 2022. This resulted in program service revenue of $16,403,258, accounting for 96% of its total revenue for the year.

The cooperative focuses on delivering electricity at competitive costs while pursuing excellence in technology and member relations. This commitment enhances the reliability of their services and fosters strong connections within the community. The cooperative’s mission emphasizes not only the provision of electricity but also an ongoing dedication to the well-being and benefits of its members, creating a positive ripple effect throughout the local area. Through its operations, Tip Rural Electric Cooperative plays a vital role in supporting both the economic and social fabric of Brooklyn, Iowa, and its neighboring regions.




This information is meant to be a general summary of Tip Rural Electric 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.

Revenue
$17,059,790 (2022)
Expenses
$17,010,678 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $236,555
  • Program Service Revenue: $16,403,257
  • Gross Receipts: $17,059,790

Assets and Liabilities:

  • Total Assets: $57,344,467
  • Total Liabilities: $30,133,775
  • Net Assets: $27,210,692

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

REVENUE FROM ELECTRIC SALES

Revenue

$16,403,257

Organization Details

Founding Year

1938

Principal Officer

Dean Huls

Main Address

612 W DES MOINES ST PO BOX 534, BROOKLYN, IA, 522110534

NTEE Category

Code: W80 - Public benefit

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