2024-11-14T14:56:20-06:00 2023-12-31 431305800 UHY ADVISORS MIDWEST INC 4200 UNIVERSITY AVE SUITE 410 WEST DES MOINES IA 50266 990 2023-01-01 420652127 CENTRAL IOWA POWER COOPERATIVE CENT 3193668011 PO BOX 2517 CEDAR RAPIDS IA 524062517 ANDREW ST JOHN CEO 5153627643 2024-11-13 1 0 MARK A CRONIN P01742902 5152225680 2024-11-13 2023 2024-10-15 13:58:12Z ANDREW ST JOHN 2600 GRAND AVENUE SUITE 300 DES MOINES IA 50312 327691752 0 X WWW.CIPCO.NET X 1946 IA ELECTRIC GENERATION AND TRANSMISSION COOPERATIVE 13 13 133 0 141998 361334 0 0 212285267 212872575 3638304 2772517 3357035 2202782 219280606 217847874 0 0 8000000 7500000 12433690 13247863 0 0 0 196455115 184997142 216888805 205745005 2391801 12102869 890992042 909309520 667488511 666391900 223503531 242917620 ELECTRIC GENERATION AND TRANSMISSION COOPERATIVE 0 0 205745005 212872575 THE COOPERATIVE IS AN ELECTRICAL GENERATION AND TRANSMISSION COOPERATIVE PROVIDING WHOLESALE ELECTRICAL SERVICE TO ITS MEMBERS. 205745005 0 0 0 0 0 0 0 0 0 1 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 73 0 133 1 1 1 0 0 0 0 0 0 0 0 0 0 195058892 22788982 0 0 0 X 13 13 0 0 0 0 1 1 0 1 1 0 0 1 1 1 0 1 1 1 1 0 X DAVID NICHOLSON 3197344321 2600 GRAND AVENUE SUITE 300 DES MOINES IA 50312 PAUL HEINEMAN BOARD PRESIDENT 18.20 X X 50220 0 0 DAN WESTPHAL BOARD VICE PRESIDENT 9.60 X X 28511 0 0 GENE MANTERNACH BOARD SECRETARY/TREASURER 12.00 X X 29368 0 0 DUANE VER PLOEG BOARD ASST SECRETARY/TREAS 7.80 X X 24310 0 0 GARY KESTER BOARD DIRECTOR 13.60 X 42038 0 0 KIRK HILAND BOARD DIRECTOR 12.50 X 35117 0 0 GARY MCKENNA BOARD DIRECTOR 10.70 X 32265 0 0 CRAIG STALLMAN BOARD DIRECTOR 10.25 X 29060 0 0 ARDEN GREINER BOARD DIRECTOR 10.50 X 27720 0 0 RANDY ROUSE BOARD DIRECTOR 6.90 X 22320 0 0 DALE WALKUP BOARD DIRECTOR 7.50 X 21650 0 0 TIM LARSEN PART-YEAR BOARD DIRECTOR 7.30 X 21245 0 0 STEVE BIRELINE BOARD DIRECTOR 6.20 X 15550 0 0 DUANE ARMSTEAD PART-YEAR BOARD DIRECTOR 1.60 X 7200 0 0 ANDREW ST JOHN PART-YEAR CEO & CFO 40.00 X 333563 0 39856 WILLIAM CHERRIER PART-YEAR CEO 40.00 X 265733 0 24223 PAUL HOFMAN VP INFORMATION TECHNOLOGY 40.00 X 245699 0 40567 DANIEL BURNS VP UTILITY OPERATIONS 40.00 X 241085 0 52742 KENDRA GRAVES VP PORTFOLIO STRATEGY & PL 40.00 X 228916 0 42813 MEMOREA SCHRADER VP HUMAN RESOURCES 40.00 X 195446 0 22833 KERRY KOONCE VP COMMUNICATIONS 40.00 X 184630 0 33702 DAVID NICHOLSON PART-YEAR CFO 40.00 X 65902 0 7105 TERRY FETT ENGINEERING & OPERATIONS D 40.00 X 165133 0 38796 MICHELLE SOYER FINANCE DIRECTOR 40.00 X 162141 0 37964 SAMUEL STINEMAN GENERATION ASSETS DIRECTOR 40.00 X 158153 0 35879 CHAD MILLER IT SECURITY & COMPLIANCE O 40.00 X 151962 0 33182 REX BUTLER ENVIRONMENTAL MANAGER 40.00 X 144979 0 29583 2929916 0 439245 60 0 1 0 HEARTLAND DIVIDE WIND PROJECT 700 UNIVERSE BLVD JUNO BEACH FL 33408 ELECTRIC ENERGY 9981794 ITC HOLDINGS CORP PO BOX 674015 DETROIT MI 48267 TRANSMISSION MAINTENANCE 4765027 FELDHACKER CONTRACTING 1593 MARANATHA LN CRESTON IA 50801 RENOVATION CONTRACTING 559102 ACES POWER MARKETING 4140 WEST 99TH ST CARMEL IN 46032 ENERGY MANAGEMENT 510267 BRIDGEWELL RESOURCES PO BOX 912368 DENVER CO 80291 TRANSMISSION CONSTRUCTION MATERIALS 288256 21 ELECTRIC REVENUE 900099 212872575 212872575 212872575 1615163 1615163 526464 0 526464 526464 526464 110909950 91282 109800538 43340 1109412 47942 1157354 47942 1109412 PATRONAGE CAPITAL DIVIDENDS 900099 1328134 1328134 MISCELLANEOUS 900099 206186 206186 ADMINISTRATIVE FEES 900099 141998 141998 1676318 217847874 214981301 141998 2724575 7500000 7500000 3369161 3369161 4159784 4159784 333179 333179 4475907 4475907 909832 909832 1160070 1160070 264434 264434 286450 286450 33980 33980 170786 170786 390141 390141 231767 231767 214494 214494 16707841 16707841 30405910 30405910 147760 147760 PURCHASED POWER 126926830 126926830 PRODUCTION PLANT MAINTE 5328745 5328745 TRANSMISSION PLANT MAIN 5047734 5047734 IADG DUES 1201819 1201819 -3521619 -3521619 205745005 205745005 0 0 9325982 11697940 47072069 28227863 10757215 15344564 510818 662541 876991594 347288094 500450937 529703500 249354573 276558228 73520448 47114884 890992042 909309520 28294151 24325167 479890278 477442745 159304082 164623988 667488511 666391900 X 1400 1400 0 0 223502131 242916220 223503531 242917620 890992042 909309520 X 12102869 6808865 502355 X X 0 1 X 1 1 1 9966930 9966930 867024664 347288094 519736570 529703500 DECOMMISSIONING FUNDS 163185526 F INVESTMENT IN ASSOCIATED ORG. & NOTES RECEIVABLE 32804066 C OTHER INVESTMENTS 80568636 F 276558228 CONSTRUCTION IN PROGRESS 16149595 DEFERRED CHARGES 6185292 REGULATORY ASSETS 24779997 47114884 1129412 DECOMMISSIONING LIABILITY 145401297 LEASE OBLIGATIONS 5955679 OTHER ASSET RETIREMENT OBLIGATIONS 2892746 REGULATORY LIABILITY 9244854 164623988 X 225193112 6808865 536373 7345238 217847874 0 217847874 198263760 18755 18755 198245005 7500000 7500000 205745005 PART X, LINE 2: THE COMPANY DETERMINED THERE IS NO MATERIAL LIABILITY FOR UNRECOGNIZED TAX BENEFITS UNDER THE PROVISIONS OF ASC TOPIC 740, INCOME TAXES. THE FEDERAL STATUTE OF LIMITATIONS REMAINS OPEN FOR THE YEARS 2020 AND FORWARD. GENERALLY, TAX YEARS 2019 AND FORWARD ARE SUBJECT TO AUDIT BY STATE TAX AUTHORITIES DEPENDING ON THE TAX CODE IN EACH JURISDICTION. PART XI, LINE 2D - OTHER ADJUSTMENTS: EQUITY EARNINGS (CONSOLIDATING) 536,373. PART XII, LINE 2D - OTHER ADJUSTMENTS: INCOME TAX EXPENSE 18,755. PART XII, LINE 4B - OTHER ADJUSTMENTS: PATRONAGE CAPITAL PAID 7,500,000. 1 X X 0 0 0 ANDREW ST JOHN PART-YEAR CEO & CFO 325533 0 0 0 8030 0 13608 0 26248 0 373419 0 0 0 WILLIAM CHERRIER PART-YEAR CEO 256429 0 1000 0 8304 0 12688 0 11535 0 289956 0 0 0 PAUL HOFMAN VP INFORMATION TECHNOLOGY 234479 0 0 0 11220 0 12345 0 28222 0 286266 0 0 0 DANIEL BURNS VP UTILITY OPERATIONS 233317 0 0 0 7768 0 23208 0 29534 0 293827 0 0 0 KENDRA GRAVES VP PORTFOLIO STRATEGY & PL 223901 0 0 0 5015 0 18501 0 24312 0 271729 0 0 0 MEMOREA SCHRADER VP HUMAN RESOURCES 191637 0 0 0 3809 0 12093 0 10740 0 218279 0 0 0 KERRY KOONCE VP COMMUNICATIONS 173660 0 0 0 10970 0 9734 0 23968 0 218332 0 0 0 TERRY FETT ENGINEERING & OPERATIONS D 159936 0 0 0 5197 0 10574 0 28222 0 203929 0 0 0 MICHELLE SOYER FINANCE DIRECTOR 160632 0 0 0 1509 0 12092 0 25872 0 200105 0 0 0 SAMUEL STINEMAN GENERATION ASSETS DIRECTOR 153075 0 0 0 5078 0 11051 0 24828 0 194032 0 0 0 CHAD MILLER IT SECURITY & COMPLIANCE O 151508 0 0 0 454 0 6338 0 26844 0 185144 0 0 0 REX BUTLER ENVIRONMENTAL MANAGER 141856 0 0 0 3123 0 9451 0 20132 0 174562 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER NOMINATES A MEMBER TO SERVE ON THE BOARD FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY ANDREW ST. JOHN AND THE BOARD OF DIRECTORS FOR COMPLETENESS AND ACCURACY BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS, WITH THE ASSISTANCE OF CIPCO'S LEGAL COUNSEL, ANNUALLY REVIEWS THE EXECUTIVE VICE PRESIDENT & CEO'S COMPENSATION. THEY ARE PROVIDED MARKET COMPENSATION INFORMATION FOR COMPARABLE POSITIONS DURING THE ANNUAL COMPENSATION REVIEW PROCESS. THE EVP & CEO EVALUATES AND APPROVES THE COMPENSATION FOR CIPCO'S OFFICERS AS PART OF THE ANNUAL MERIT INCREASE PROCESS. THE ANNUAL MERIT INCREASE BUDGET IS DETERMINED BY THE BOARD OF DIRECTORS EACH APRIL BASED ON THEIR REVIEW OF CURRENT MARKET COMPENSATION INFORMATION. THE EVP & CEO THEN DETERMINES THE COMPENSATION OF OFFICERS BASED ON THE BUDGET APPROVED BY THE BOARD OF DIRECTORS, THE EMPLOYEE'S PERFORMANCE, AND THE EMPLOYEE'S POSITION WITHIN THEIR DESIGNATED SALARY RANGE. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST FORM 990, PART XI, LINE 9: EQUITY EARNINGS IN RELATED ORGANIZATIONS (CONSOLIDATING) 536,373. EQUITY EARNINGS NON-CONTROLLING INTEREST (CONSOLIDATING) 14,737. EQUITY EARNINGS NON-CONTROLLING INTEREST (DISTRIBUTION) -30,000. INCOME TAX EXPENSE/BENEFIT -18,755. PART XII, LINE 2C EXPLANATION THE PROCESS HAS NOT CHANGED. CMA VENTURES INC FKA IOWA CAPITAL CORP PO BOX 2517 CEDAR RAPIDS IA 52406 421364955 INVESTING IA N/A C 305489 18551569 1.00000 0 CAPITAL MANAGEMENT ASSOCIATES PO BOX 2517 CEDAR RAPIDS IA 52406 421411512 INVESTING IA CMA VENTURES INC FKA IOWA CAPITAL CORP C 1.00000 0 CBEC RAILWAY INC PO BOX 2517 CEDAR RAPIDS IA 52406 421367030 RAIL SPUR OPERATION IA CIPCO C 230884 5580119 0.94000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0