Iowa Association Of Electric Cooperatives

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

EIN: 420662488 ✦ Des moines, IA ✦ Designated as a 501(c)(6)

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Overview

What is Iowa Association Of Electric Cooperatives?

The Iowa Association of Electric Cooperatives is a nonprofit organization dedicated to serving rural electric cooperatives. Their primary objective is to ensure the delivery of power that is safe, reliable, affordable, and environmentally responsible. This association actively provides various services to its member cooperatives, contributing to their overall operations. The details about the specific Filer are not provided in the information.


Official website here: www.iowarec.org

Is Iowa Association Of Electric Cooperatives legitimate?

Iowa Association Of Electric Cooperatives is a legitimate nonprofit organization registered as a 501(c)(6) entity. Iowa Association Of Electric Cooperatives 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: $470,716
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,388,648

For more financial information, click here


Official website here: www.iowarec.org

What is the mission statement of Iowa Association Of Electric Cooperatives?

The Iowa Association of Electric Cooperatives, in their mission, are dedicated to providing services to rural electric cooperatives. Their electric cooperatives strive to deliver power that is not only safe and reliable but also affordable and environmentally responsible. This commitment to their users ensures a sustainable and responsible energy supply.


Official website here: www.iowarec.org

Who is the CEO of Iowa Association Of Electric Cooperatives?

Charles Soderberg is the President of Iowa Association Of Electric Cooperatives.


Official website here: www.iowarec.org

What is the revenue of Iowa Association Of Electric Cooperatives?

Iowa Association Of Electric Cooperatives's revenue in 2022 was $5,266,125.


Official website here: www.iowarec.org

Who are the executives of Iowa Association Of Electric Cooperatives and what are their salaries?

The average compensation at Iowa Association Of Electric Cooperatives during 2022 was $109,374. There are 17 employees at Iowa Association Of Electric Cooperatives.


Here are 14 key members and their salaries:


Steve Seidl (President)
  • Compensation: $14,075
  • Related: $0
  • Other: $0
Marion Denger (Nreca Director)
  • Compensation: $6,300
  • Related: $0
  • Other: $0
Don Shonka (Vice President)
  • Compensation: $10,675
  • Related: $0
  • Other: $0
Brian Krambeer (Manager'S Representative)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roger Solomonson (Secretary/Treasurer)
  • Compensation: $12,112
  • Related: $0
  • Other: $0
Neal Heldt (Director)
  • Compensation: $9,800
  • Related: $0
  • Other: $0
Gordon Greimann (Director)
  • Compensation: $8,837
  • Related: $0
  • Other: $0
Darrell Jensen (Assistant Secretary/Treasu)
  • Compensation: $5,513
  • Related: $0
  • Other: $0
Kenneth Vandenberg (Director)
  • Compensation: $10,500
  • Related: $0
  • Other: $0
Charles Soderberg (Executive V.P./General Man)
  • Compensation: $284,431
  • Related: $0
  • Other: $80,942
Regi Goodale (Director - Regulatory Affa)
  • Compensation: $222,578
  • Related: $0
  • Other: $81,552
Kevin Condon (Director - Govt Relations)
  • Compensation: $148,426
  • Related: $0
  • Other: $60,341
Tim Falk (Director - Benefits)
  • Compensation: $148,957
  • Related: $0
  • Other: $65,321
Scott Meineke (Director - Safety)
  • Compensation: $124,189
  • Related: $0
  • Other: $55,020


Official website here: www.iowarec.org

Where can I find the form 990 for Iowa Association Of Electric Cooperatives?

Iowa Association Of Electric Cooperatives's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.iowarec.org

Learn more at the official website: www.iowarec.org

Mission Statement of Iowa Association Of Electric Cooperatives

The Iowa Association of Electric Cooperatives, in its mission, is dedicated to providing services to rural electric cooperatives across the region. These cooperatives are committed to delivering electricity that is not only safe and reliable but also affordable and environmentally responsible. By adhering to these principles, the association aims to contribute positively to the communities it serves, ensuring a sustainable and eco-friendly energy supply.

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Impact




October, 2024

The Iowa Association of Electric Cooperatives significantly impacts the communities it serves by ensuring that rural areas have access to safe, reliable, and affordable electricity. By supporting local electric cooperatives, the association helps enhance the quality of life for residents in these regions.

Moreover, the organization emphasizes environmentally responsible practices in electricity generation and distribution, promoting sustainable energy solutions. This commitment not only maintains the reliability of power but also supports community improvement initiatives and local economic development. The association's efforts contribute to the overall resilience of rural communities in Iowa, allowing them to thrive while fostering a sense of collective ownership and responsibility among the members of the cooperatives.




This information is meant to be a general summary of Iowa Association Of Electric Cooperatives. 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
$5,266,125 (2022)
Expenses
$5,217,286 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $58,030
  • Program Service Revenue: $5,192,345
  • Gross Receipts: $5,321,853

Assets and Liabilities:

  • Total Assets: $2,896,267
  • Total Liabilities: $670,259
  • Net Assets: $2,226,008

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Programs

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

MEMBERSHIP DUES AND ASSESSMENTS

Revenue

$2,761,292

SAFETY & LOSS CONTROL

Revenue

$1,162,990

COMMUNICATIONS

Revenue

$672,448

EDUCATION & TRAINING

Revenue

$580,615

OTHER

Revenue

$9,000

Organization Details

Founding Year

1942

Principal Officer

Charles Soderberg

Main Address

8525 DOUGLAS AVENUE SUITE 48, DES MOINES, IA, 503222992

NTEE Category

Code: S40 - Community improvement

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