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)

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 not tax deductible.

Here 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):

    William Cherrier (Executive Vp/Ceo)
  • Compensation: $452,029
  • Related: $0
  • Other: $32,071

    • Daniel Burns (Vp Utility Operations)
  • Compensation: $228,298
  • Related: $0
  • Other: $45,988

    • 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

    • 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

    • Samuel Stineman (Generation Assets Director)
  • Compensation: $145,699
  • Related: $0
  • Other: $31,996

    • Chad Miller (It Security & Compliance Officer)
  • Compensation: $145,816
  • Related: $0
  • Other: $30,290

    • Rex Butler (Environmental Manager)
  • Compensation: $139,323
  • Related: $0
  • Other: $30,974

    • Paul Heineman (Board President) [Trustee/Director]
  • Compensation: $47,288
  • 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

    • Gene Manternach (Board Secretary/Treasurer) [Trustee/Director]
  • Compensation: $34,840
  • Related: $0
  • Other: $0

    • Dan Westphal (Board Vice President) [Trustee/Director]
  • Compensation: $27,030
  • 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

    • Duane Ver Ploeg (Board Asst Secretary/Treas) [Trustee/Director]
  • Compensation: $25,480
  • 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


  • Official website here: www.cipco.net

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

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    Central Iowa Power Cooperative's impact can be seen in the reliable electric generation and transmission services it provides to the residents and businesses in the region. By ensuring a steady supply of electricity, Central Iowa Power Cooperative plays a crucial role in supporting economic activities, enhancing living standards, and promoting overall development in the communities it serves. Through its commitment to public benefit, Central Iowa Power Cooperative contributes to the welfare and sustainability of the region.





    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: $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
  • 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

    If you are a representative of Central Iowa Power Cooperative and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.