Nonprofit · EIN 42-0147800
BOONE VALLEY ELEC CO-OP
Tax-exempt · RENWICK, IA 50577
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $205,405 | $147,886 | $57,519 | $1,519,440 | $79,851 | $1,439,589 |
| December 31, 2024 | 990 | $223,467 | $118,141 | $105,326 | $1,482,064 | $86,795 | $1,395,269 |
| December 31, 2023 | 990 | $228,181 | $154,836 | $73,345 | $1,354,682 | $67,356 | $1,287,326 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $84,891
- Net income from sales of inventory
- $117,360
- Other revenue
- $120,514
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $21,300
- Salaries, compensation and benefits (total)
- $22,557
- Professional fundraising fees
- $0
- Accounting fees
- $9,692
- Depreciation
- $12,411
- Program services (functional)
- $147,886
Balance sheet and other
- Total assets, start of year
- $1,482,064
- Total assets, end of year
- $1,519,440
- Total liabilities, end of year
- $79,851
- Net assets, end of year
- $1,439,589
- Land, buildings and equipment
- $185,651
- Gross receipts
- $924,335
- Employees
- 2
- Year formed
- 1936
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Curtis Meinke | Director Trustee or director | 20 | $13,200 |
| Doug Martin | Secretary Trustee or director | 1 | $4,700 |
| Dave Odland | President Trustee or director | 1 | $1,200 |
| Tom Huntley | Director Trustee or director | 1 | $1,100 |
| Travis Tate | Director Trustee or director | 1 | $1,100 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Curtis Meinke | Director Trustee or director | 20 | $12,850 |
| Doug Martin | Secretary Trustee or director | 1 | $3,619 |
| Dave Odland | President Trustee or director | 1 | $1,041 |
| Tom Huntley | Director Trustee or director | 1 | $803 |
| Travis Tate | Director Trustee or director | 1 | $653 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Curtis Meinke | Director Trustee or director | 20 | $12,840 |
| Doug Martin | Secretary Trustee or director | 1 | $1,870 |
| Dave Odland | President Trustee or director | 1 | $800 |
| Tom Huntley | Director Trustee or director | 1 | $725 |
| Travis Tate | Director Trustee or director | 1 | $591 |
Address and contacts
- Address (IRS master file)
- PO BOX 71, RENWICK, IA 50577-0071
- Principal officer (990 for 2025)
- Curtis Meinke, 1431 160th Street, Goldfield, IA 50542
- Signed the 990
- Dave Odland, President
- Phone
- (515) 824-3565
- Return prepared by
- TP ANDERSON & COMPANY PC CPAS
Mission
Provide affordable electric service.
Program accomplishments
- Provide affordable electric service.Expenses $147,886
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 42-0147800
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1937
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,519,440
- Income (IRS master file)
- $924,335
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $205,405 | $147,886 | $1,519,440 | XML |
| 990 | December 2024 | $223,467 | $118,141 | $1,482,064 | XML |
| 990 | December 2023 | $228,181 | $154,836 | $1,354,682 | XML |
| 990 | December 2022 | $373,304 | $158,198 | $1,468,952 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-0147800).
Questions about BOONE VALLEY ELEC CO-OP
- What is the EIN of BOONE VALLEY ELEC CO-OP?
- The employer identification number (EIN) of BOONE VALLEY ELEC CO-OP is 42-0147800.
- Is BOONE VALLEY ELEC CO-OP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1937.
- Are donations to BOONE VALLEY ELEC CO-OP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does BOONE VALLEY ELEC CO-OP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BOONE VALLEY ELEC CO-OP due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BOONE VALLEY ELEC CO-OP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of BOONE VALLEY ELEC CO-OP?
- The 990 for the year ended December 31, 2025 names Curtis Meinke.
- Who are the officers and directors of BOONE VALLEY ELEC CO-OP?
- The 990 for the year ended December 31, 2025 lists 5 people; 5 received compensation from the organization, the highest $13,200 (Curtis Meinke, Director).
- How much revenue does BOONE VALLEY ELEC CO-OP have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $205,405, expenses of $147,886 and total assets of $1,519,440 at year end.
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