Overview
What is Northwest Iowa Power Cooperative?
Northwest Iowa Power Cooperative (NIPCO) is a wholesale electric power supplier based in Le Mars, Iowa. With a team of 49 employees, NIPCO provides electricity to six rural electric distribution cooperatives and one municipal cooperative, consisting of six cities. NIPCO's primary mission is wholesale electric power sales to its member cooperatives.
Official website here: www.nipco.coop
Is Northwest Iowa Power Cooperative legitimate?
Northwest Iowa Power Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Northwest 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: $613,206
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,114,515
For more financial information, click here
Official website here: www.nipco.coop
What is the mission statement of Northwest Iowa Power Cooperative?
Northwest Iowa Power Cooperative functions as a wholesale electricity supplier, providing power to six rural electric distribution cooperatives and one municipal cooperative. Their primary activity revolves around the sale of electric power to these cooperatives. They serve as a crucial link in the power distribution chain, ensuring the consistent and reliable supply of electricity to the communities they serve.
Official website here: www.nipco.coop
Who is the CEO of Northwest Iowa Power Cooperative?
Matthew R Washburn is the President of Northwest Iowa Power Cooperative.
Official website here: www.nipco.coop
What is the revenue of Northwest Iowa Power Cooperative?
Northwest Iowa Power Cooperative's revenue in 2022 was $106,140,124.
Official website here: www.nipco.coop
Who are the executives of Northwest Iowa Power Cooperative and what are their salaries?
The average compensation at Northwest Iowa Power Cooperative during 2022 was $96,484. There are 49 employees at Northwest Iowa Power Cooperative.
Here are 15 key members and their salaries:
- Matthew Washburn (Exec. Vp & General Manager)
- Jayme Huber (Vp Of Engineering Services)
- Steve Harringa (Transmission Superintendent)
- Steve Spieler (Cio)
- Jane Scheitler (Cfo)
- Michael J Persinger (Apparatus Services Manager)
- Mark Nelson (Power Dispatching Manager)
- Louis Reed (President) [Trustee/Director]
- Ronald Steinhoff (Vice President) [Trustee/Director]
- Bryan Greve (Director)
- Trent Will Director (/Secretary (Beg 04/2022)) [Trustee/Director]
- James Else (Director (Beg 04/2022))
- A James Sharp (Director)
- Thomas Wagner (Treasurer) [Trustee/Director]
- William G Farmer (Secretary (End 04/2022)) [Trustee/Director]
Official website here: www.nipco.coop
Where can I find the form 990 for Northwest Iowa Power Cooperative?
The Northwest Iowa Power Cooperative’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.nipco.coop
Learn more at the official website: www.nipco.coop
Mission Statement of Northwest Iowa Power Cooperative
Northwest Iowa Power Cooperative, or NIPCO, is a significant player in the electricity sector, acting as a wholesale electric supplier to its member cooperatives. In simpler terms, NIPCO procures electricity in large quantities and sells it to six rural electric distribution cooperatives and one municipal cooperative across the region. The cooperatives, in turn, distribute this power to their individual customers.
NIPCO's mission centers around providing wholesale electricity sales, a crucial role that ensures a consistent power supply for the rural communities and cities it serves. The cooperative's commitment to its members goes beyond just electricity, as it forms an essential part of the power infrastructure that keeps these communities running. By supplying electricity in bulk, NIPCO enables its members to focus on their primary mission – delivering electricity to their local communities efficiently and effectively. Additionally, this cooperative-to-cooperative business model allows for cost savings and improved operational efficiencies, ultimately leading to better services for the end consumer.
Impact
This information is meant to be a general summary of Northwest 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
Northwest Iowa Power Cooperative has a significant impact on the communities it serves by providing wholesale electricity sales to its member cooperatives. Through its operations, NIPCO plays a vital role in ensuring reliable and affordable electricity for six rural electric distribution cooperatives and one municipal cooperative comprising six cities in Iowa. This support is crucial in powering homes, businesses, and industries, thereby driving economic development and improving the quality of life in the region.
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.
SALE OF POWER
Revenue
$82,706,526
RTO SERVICE REVENUE
Revenue
$12,970,388
CAPITAL CREDITS
Revenue
$8,755,990
OTHER ELECTRIC REVENUE
Revenue
$580,480
FIBER OPTIC SALES
Revenue
$366,373
Organization Details
Founding Year
1949
Phone
(712) 546-4141
Principal Officer
Matthew R Washburn
Main Address
31002 COUNTY ROAD C38 PO BOX 240, LE MARS, IA, 510310240
Website
www.nipco.coop
NTEE Category
Code: W80 - Public benefit
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