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 not tax deductible.
Here 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:
- Dean Huls (General Manager)
- Terry Kloppenburg (Financial Manager)
- Scott Long (Operations Manager)
- Cole Calkins (Staking Technician/Member)
- Nathan Hopwood (It Manager)
- Gene Von Ahsen (President) [Trustee/Director]
- Ronald Hoffman (Secretary/Treasurer) [Trustee/Director]
- Randy Upah (Director)
- Arianne Axmear (Vice President) [Trustee/Director]
- Jerry Henning (Assistant Secretary) [Trustee/Director]
- David Lee King (Director)
- James De Smet (Director)
- Craig Stallman (Director)
- James Hines (Director - Part Year)
- Lisa Tichy (Director)
Official website here: www.tiprec.com
Where can I find the form 990 for Tip Rural Electric Cooperative?
The 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.
Impact
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.
Thursday, August 15, 2024
Tip Rural Electric Cooperative provides essential electric service to over 5,000 members in Brooklyn, Iowa. In 2022, the cooperative sold over 148 million kilowatt-hours of electric energy to its members, generating significant program service revenue. By offering safe, reliable electricity at a competitive cost, Tip Rural Electric Cooperative plays a crucial role in powering homes, businesses, and communities in the region. This impact is a testament to the cooperative's commitment to excellence in technology, service, and member relations for the benefit of its members and the broader community.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
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
Phone
(641) 522-9221
Principal Officer
Dean Huls
Main Address
612 W DES MOINES ST PO BOX 534, BROOKLYN, IA, 522110534
Website
www.tiprec.com
NTEE Category
Code: W80 - Public benefit
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