Western Iowa Power Cooperative

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

EIN: 391884367 ✦ Denison, IA ✦ Designated as a 501(c)(12)

Overview

What is Western Iowa Power Cooperative?

Western Iowa Power Cooperative is a nonprofit organization based in Denison, Iowa, with an approximate membership of 3,403 consumers. Their primary mission is to deliver safe and reliable electric services to enhance their members' quality of life. With a team of 31 employees, they provide electric service to the community, ensuring a consistent power supply for their members.


Official website here: www.wipco.com

Is Western Iowa Power Cooperative legitimate?

Western Iowa Power Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Western 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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $345,566
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.wipco.com

What is the mission statement of Western Iowa Power Cooperative?

Western Iowa Power Cooperative's mission is centered around enhancing the quality of life for its members. By providing them with safe and reliable electric services, the cooperative goes beyond just supplying power. The organization strives to make a positive impact on the lives of approximately 3,403 consumer members. The focus on reliability ensures that members can depend on their electricity for essential daily tasks and comfort, contributing to a better overall living experience. The cooperative's dedication to safety not only keeps its members and employees secure but also instills confidence and trust. In essence, Western Iowa Power Cooperative sets out to improve the lives of its members through the delivery of dependable and safe electric services.


Official website here: www.wipco.com

Who is the CEO of Western Iowa Power Cooperative?

Marcus Rihner is the Director of Western Iowa Power Cooperative.


Official website here: www.wipco.com

What is the revenue of Western Iowa Power Cooperative?

Western Iowa Power Cooperative's revenue in 2022 was $14,883,426.


Official website here: www.wipco.com

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

The average compensation at Western Iowa Power Cooperative during 2022 was $11,147. There are 31 employees at Western Iowa Power Cooperative.

Here are 14 key members and their salaries:

    Stephanie Wiese (Asst Manager/Dir Of Member Service)
  • Compensation: $131,751
  • Related: $0
  • Other: $48,171

    • Marcus Rihner (Evp And General Manager)
  • Compensation: $136,503
  • Related: $0
  • Other: $34,820

    • John Akers (Operations Manager)
  • Compensation: $131,830
  • Related: $0
  • Other: $34,157

    • Justin Parks (Director Of Finance)
  • Compensation: $94,446
  • Related: $0
  • Other: $14,880

    • Mike Blum (Director)
  • Compensation: $9,000
  • Related: $0
  • Other: $0

    • Mike Friis (Dir;Asst Sec/Treas From 09/22) [Trustee/Director]
  • Compensation: $8,000
  • Related: $0
  • Other: $0

    • Leroy Hight (Treasurer) [Trustee/Director]
  • Compensation: $7,500
  • Related: $0
  • Other: $0

    • Janet Iversen (Asst Sec/Treas;Chair From 09/22) [Trustee/Director]
  • Compensation: $6,250
  • Related: $0
  • Other: $0

    • Peter Alexander (Secretary) [Trustee/Director]
  • Compensation: $6,250
  • Related: $0
  • Other: $0

    • David Carlson (Director)
  • Compensation: $6,000
  • Related: $0
  • Other: $0

    • Craig Riesburg (Director)
  • Compensation: $4,750
  • Related: $0
  • Other: $0

    • Todd Brus (Vice Chairman) [Trustee/Director]
  • Compensation: $4,000
  • Related: $0
  • Other: $0

    • Louis Reed (Chairman;Director From 9/22)
  • Compensation: $3,500
  • Related: $0
  • Other: $0

    • Ross Wood (Director)
  • Compensation: $3,250
  • Related: $0
  • Other: $0


  • Official website here: www.wipco.com

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

    The Western Iowa Power Cooperative’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.wipco.com

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

    Mission Statement of Western Iowa Power Cooperative

    Western Iowa Power Cooperative, with its mission, strives to elevate the quality of life for its members by ensuring they have access to safe and dependable electric services. The cooperative, dedicated to this purpose, served approximately 3,403 consumer members with electricity. By providing this essential service, Western Iowa Power Cooperative contributes significantly to the daily lives of its members, enabling them to conduct their activities with ease and convenience. The cooperative's commitment to safety and reliability not only guarantees a consistent power supply but also fosters peace of mind and a sense of security for those it serves.

    Impact

    This information is meant to be a general summary of Western Iowa Power Cooperative. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Western Iowa Power Cooperative's impact is significant in providing electric service to approximately 3,403 member consumers in Denison, Iowa. By fulfilling its mission to enhance members' quality of life through safe and reliable electric services, Western Iowa Power Cooperative plays a crucial role in ensuring access to essential energy resources for its community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

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

  • Investment Income: $40,890
  • Program Service Revenue: $14,371,780
  • Gross Receipts: $15,785,470

    • Assets and Liabilities:
  • Total Assets: $55,996,172
  • Total Liabilities: $27,690,113
  • Net Assets: $28,306,059
  • Programs

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

    ELECTRIC SALES

    Revenue

    $14,371,780

    Organization Details

    Founding Year

    1997

    Principal Officer

    Marcus Rihner

    Main Address

    PO BOX 428, DENISON, IA, 51442

    NTEE Category

    Code: W80 - Public benefit

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