Central Iowa Power Cooperative

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

EIN: 420652127 ✦ Cedar rapids, IA ✦ Designated as a 501(c)(12)

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Overview

What is Central Iowa Power Cooperative?

Central Iowa Power Cooperative is a nonprofit organization dedicated to electric generation and transmission in Iowa. With a focus on cooperative operations, they deliver essential energy services to their community. The organization remains unspecified regarding its size or exact location from the given information. However, it can be inferred that it is an active player in the power industry, ensuring reliable electricity for its customer base.


Official website here: www.cipco.net

Is Central Iowa Power Cooperative legitimate?

Central Iowa Power Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Central Iowa 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: $3,184,918
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,234,643

For more financial information, click here


Official website here: www.cipco.net

What is the mission statement of Central Iowa Power Cooperative?

Central Iowa Power Cooperative is dedicated to the generation and transmission of electricity. Their mission is to deliver reliable and efficient power solutions to their community, ensuring a consistent energy supply for homes and businesses. The cooperative prioritizes member satisfaction and values collaboration and cooperation within the industry. They aim to provide cost-effective energy solutions while maintaining a commitment to environmental sustainability. Additionally, Central Iowa Power Cooperative strives to maintain a strong and resilient power infrastructure, ensuring that their members have access to uninterrupted electricity. They also focus on the development of innovative technologies to improve the efficiency and reliability of their services.


Official website here: www.cipco.net

Who is the CEO of Central Iowa Power Cooperative?

Andrew St John is the Board President of Central Iowa Power Cooperative. The CEO's salary of Central Iowa Power Cooperative is $452,029 and their total compensation is $484,100.


Official website here: www.cipco.net

What is the revenue of Central Iowa Power Cooperative?

Central Iowa Power Cooperative's revenue in 2022 was $219,280,606.


Official website here: www.cipco.net

Who are the executives of Central Iowa Power Cooperative and what are their salaries?

The average compensation at Central Iowa Power Cooperative during 2022 was $57,074. There are 130 employees at Central Iowa Power Cooperative.


Here are 25 key members and their salaries (Central Iowa Power Cooperative's CEO's salary is $452,029 and their total compensation is $484,100):


Paul Heineman (Board President)
  • Compensation: $47,288
  • Related: $0
  • Other: $0
Dan Westphal (Board Vice President)
  • Compensation: $27,030
  • Related: $0
  • Other: $0
Gene Manternach (Board Secretary/Treasurer)
  • Compensation: $34,840
  • Related: $0
  • Other: $0
Duane Ver Ploeg (Board Asst Secretary/Treas)
  • Compensation: $25,480
  • Related: $0
  • Other: $0
Gary Kester (Board Director)
  • Compensation: $38,800
  • Related: $0
  • Other: $0
Kirk Hiland (Board Director)
  • Compensation: $35,640
  • Related: $0
  • Other: $0
Gary Mckenna (Board Director)
  • Compensation: $26,200
  • Related: $0
  • Other: $0
Craig Stallman (Board Director)
  • Compensation: $26,200
  • Related: $0
  • Other: $0
Steve Bireline (Board Director)
  • Compensation: $21,960
  • Related: $0
  • Other: $0
Arden Greiner (Board Director)
  • Compensation: $19,950
  • Related: $0
  • Other: $0
Duane Armstead (Board Director)
  • Compensation: $17,920
  • Related: $0
  • Other: $0
Dale Walkup (Board Director)
  • Compensation: $15,030
  • Related: $0
  • Other: $0
Randy Rouse (Board Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Cherrier (Executive Vp/Ceo)
  • Compensation: $452,029
  • Related: $0
  • Other: $32,071
Paul Hofman (Vp Information Technology)
  • Compensation: $235,642
  • Related: $0
  • Other: $36,256
Andrew St John (Vp/Cfo)
  • Compensation: $228,450
  • Related: $0
  • Other: $35,051
Daniel Burns (Vp Utility Operations)
  • Compensation: $228,298
  • Related: $0
  • Other: $45,988
Kendra Graves (Vp Portfolio Strategy & Pl)
  • Compensation: $214,384
  • Related: $0
  • Other: $38,562
Memorea Schrader (Vp Human Resources)
  • Compensation: $186,547
  • Related: $0
  • Other: $20,455
Kerry Koonce (Vp Communications)
  • Compensation: $170,672
  • Related: $0
  • Other: $31,574
Terry Fett (Engineering & Operations D)
  • Compensation: $154,233
  • Related: $0
  • Other: $34,702
Michelle Soyer (Finance Director)
  • Compensation: $146,042
  • Related: $0
  • Other: $33,526
Chad Miller (It Security & Compliance Officer)
  • Compensation: $145,816
  • Related: $0
  • Other: $30,290
Samuel Stineman (Generation Assets Director)
  • Compensation: $145,699
  • Related: $0
  • Other: $31,996
Rex Butler (Environmental Manager)
  • Compensation: $139,323
  • Related: $0
  • Other: $30,974


Official website here: www.cipco.net

Where can I find the form 990 for Central Iowa Power Cooperative?

Central Iowa Power Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.cipco.net

Learn more at the official website: www.cipco.net

Mission Statement of Central Iowa Power Cooperative

Central Iowa Power Cooperative, with its electric generation and transmission mission, is dedicated to providing essential power services to its community. This cooperative plays a vital role in harnessing and transmitting electricity to power homes and businesses in an unspecified area.

In simple terms, Central Iowa Power Cooperative is a cooperative that generates and transmits electricity to its members. The organization's primary focus lies in ensuring a consistent and reliable power supply, thus enhancing the quality of life for those it serves. Although the specifics of its location are unknown, it can be inferred that Central Iowa Power Cooperative is a crucial player in the energy sector, delivering electricity where it's needed most.

Additionally, its commitment extends beyond just generating and transmitting power. Central Iowa Power Cooperative also emphasizes the importance of registering for a free account to access more profiles. This suggests that the cooperative may have a robust online presence, offering valuable information or resources to its members and the public. However, the nature of these profiles remains a mystery, as does the reason why the limit of 100 views exists. Overall, Central Iowa Power Cooperative is a cooperative that brings power to its community, ensuring a reliable electricity supply and potentially offering additional resources through its online platform.

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Impact




October, 2024

Central Iowa Power Cooperative plays a significant role in providing electric generation and transmission services to its members. Based in Cedar Rapids, Iowa, it focuses on delivering reliable and affordable electricity, contributing to the region's energy security and economic growth.

The cooperative’s efforts support local communities by enhancing infrastructure and ensuring access to essential energy resources. By prioritizing a public benefit approach, it fosters sustainable practices and invests in renewable energy sources, aiming to minimize environmental impact while meeting the growing energy demands.

Through its operations, Central Iowa Power Cooperative strengthens local economies, creates jobs, and promotes energy efficiency initiatives, demonstrating its commitment to improving the quality of life in the regions it serves.




This information is meant to be a general summary of Central Iowa 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.

Revenue
$219,280,606 (2022)
Expenses
$216,888,805 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $3,638,304
  • Program Service Revenue: $212,285,267
  • Gross Receipts: $380,974,617

Assets and Liabilities:

  • Total Assets: $890,992,042
  • Total Liabilities: $667,488,511
  • Net Assets: $223,503,531

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Programs

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

ELECTRIC REVENUE

Revenue

$212,285,267

Organization Details

Founding Year

1946

Principal Officer

Andrew St John

Main Address

PO BOX 2517, CEDAR RAPIDS, IA, 524062517

NTEE Category

Code: W80 - Public benefit

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