Nonprofit · EIN 42-0245083
FARMERS ELECTRIC COOPERATIVE
Tax-exempt · KALONA, IA 52247
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,537,877 | $2,817,463 | $720,414 | $7,023,751 | $241,470 | $6,782,281 |
| December 31, 2023 | 990 | $2,721,421 | $2,645,178 | $76,243 | $7,249,296 | $982,016 | $6,267,280 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,772,182
- Investment income
- $63,742
- Other revenue
- $701,953
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $125,111
- Salaries, compensation and benefits (total)
- $125,111
- Professional fundraising fees
- $0
- Depreciation
- $526,185
Balance sheet and other
- Total assets, start of year
- $7,249,296
- Total assets, end of year
- $7,023,751
- Total liabilities, end of year
- $241,470
- Net assets, end of year
- $6,782,281
- Land, buildings and equipment
- $5,027,481
- Publicly traded securities
- $409,378
- Gross unrelated business income
- $34,360
- Gross receipts
- $3,537,877
- Employees
- 5
- Volunteers
- 0
- Year formed
- 1916
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TIM HEISDORFFER | GENERAL MANAGER Officer | 40 | $91,190 | $16,586 |
| DEAN MILLER | PRESIDENT Trustee or director, Officer | 1 | $3,750 | $0 |
| DOUG SLABAUGH | VICE PRESIDENT Trustee or director, Officer | 1 | $3,510 | $0 |
| KEITH TROYER | DIRECTOR Trustee or director | 1 | $3,510 | $0 |
| STEVE HAMAN | SECRETARY Trustee or director, Officer | 1 | $3,310 | $0 |
| JOHN MAST | DIRECTOR Trustee or director | 1 | $3,255 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TIM HEISDORFFER | GENERAL MANAGER Officer | 40 | $104,581 | $3,785 |
| JOHN MAST | DIRECTOR Trustee or director | 1 | $3,980 | $0 |
| STEVE HAMAN | SECRETARY Trustee or director, Officer | 1 | $3,800 | $0 |
| DEAN MILLER | PRESIDENT Trustee or director, Officer | 1 | $3,785 | $0 |
| DOUG SLABAUGH | VICE PRESIDENT Trustee or director, Officer | 1 | $3,725 | $0 |
| KEITH TROYER | DIRECTOR Trustee or director | 1 | $3,435 | $0 |
Address and contacts
- Address (IRS master file)
- 1959 YODER AVE SW, KALONA, IA 52247-9000
- In care of
- % TIM HEISDORFFER
- Principal officer (990 for 2024)
- TIM HEISDORFFER, 1959 YODER AVE SW, KALONA, IA 52247
- Signed the 990
- TIM HEISDORFFER, GENERAL MANAGER
- Phone
- (319) 683-2510
- Website
- WWW.FECKALONA.NET
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
PROVIDING ELECTRIC SERVICES TO MEMBER PATRONS
Program accomplishments
- PROVIDING ELECTRIC SERVICES TO MEMBER PATRONS
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 | Check at the IRS |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 42-0245083
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1940
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $7,136,486
- Income (IRS master file)
- $2,955,326
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,537,877 | $2,817,463 | $7,023,751 | XML |
| 990 | December 2023 | $2,721,421 | $2,645,178 | $7,249,296 | XML |
| 990 | December 2022 | $2,490,146 | $2,546,724 | $6,690,741 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 42-0245083).
Questions about FARMERS ELECTRIC COOPERATIVE
- What is the EIN of FARMERS ELECTRIC COOPERATIVE?
- The employer identification number (EIN) of FARMERS ELECTRIC COOPERATIVE is 42-0245083.
- Is FARMERS ELECTRIC COOPERATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1940.
- Are donations to FARMERS ELECTRIC COOPERATIVE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FARMERS ELECTRIC COOPERATIVE 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 FARMERS ELECTRIC COOPERATIVE 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 FARMERS ELECTRIC COOPERATIVE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FARMERS ELECTRIC COOPERATIVE?
- The 990 for the year ended December 31, 2024 names TIM HEISDORFFER.
- Who are the officers and directors of FARMERS ELECTRIC COOPERATIVE?
- The 990 for the year ended December 31, 2024 lists 6 people; 6 received compensation from the organization, the highest $91,190 (TIM HEISDORFFER, GENERAL MANAGER).
- How much revenue does FARMERS ELECTRIC COOPERATIVE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,537,877, expenses of $2,817,463 and total assets of $7,023,751 at year end.
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