Nonprofit · EIN 42-0652127
CENTRAL IOWA POWER COOPERATIVE
Tax-exempt · CEDAR RAPIDS, IA 52406
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $224,762,576 | $204,459,125 | $20,303,451 | $910,500,887 | $645,481,517 | $265,019,370 |
| December 31, 2023 | 990 | $217,847,874 | $205,745,005 | $12,102,869 | $909,309,520 | $666,391,900 | $242,917,620 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $216,153,012
- Investment income
- $6,066,170
- Net rental income
- $541,126
- Net gain from sales of assets
- $4,255,031
- Other revenue
- $2,543,394
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $8,000,000
- Compensation of officers, directors and key employees
- $3,508,112
- Other salaries and wages
- $4,821,988
- Salaries, compensation and benefits (total)
- $14,565,541
- Professional fundraising fees
- $0
- Legal fees
- $359,003
- Accounting fees
- $274,976
- Travel
- $227,950
- Depreciation
- $31,417,953
- Program services (functional)
- $204,459,125
Balance sheet and other
- Total assets, start of year
- $909,309,520
- Total assets, end of year
- $910,500,887
- Total liabilities, end of year
- $645,481,517
- Net assets, end of year
- $265,019,370
- Land, buildings and equipment
- $523,217,605
- Gross unrelated business income
- $167,310
- Gross receipts
- $357,780,477
- Employees
- 126
- Volunteers
- 0
- Year formed
- 1946
- 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 |
|---|---|---|---|---|
| ANDREW ST JOHN | EXECUTIVE VICE PRESIDENT & CEO Officer | 40 | $423,817 | $44,621 |
| DANIEL BURNS | VP UTILITY OPERATIONS Officer | 40 | $255,212 | $54,473 |
| PAUL HOFMAN | VP INFORMATION TECHNOLOGY Officer | 40 | $256,890 | $43,424 |
| KENDRA GRAVES | VP PORTFOLIO STRATEGY & PLANNING Officer | 40 | $242,955 | $44,820 |
| DAVID NICHOLSON | VP & CFO Officer | 40 | $235,169 | $25,116 |
| KERRY KOONCE | VP COMMUNICATIONS & CORP RELATIONS Officer | 40 | $195,867 | $34,885 |
| MEMOREA SCHRADER | VP HUMAN RESOURCES Officer | 40 | $206,414 | $22,572 |
| TERRY FETT | DIRECTOR, ENGINEERING & OPERATIONS Highest-paid employee | 40 | $174,631 | $40,781 |
| MICHELLE SOYER | DIRECTOR OF FINANCE Highest-paid employee | 40 | $170,281 | $40,663 |
| SAMUEL STINEMAN | DIRECTOR, GENERATION ASSETS Highest-paid employee | 40 | $170,111 | $38,013 |
| CHAD MILLER | MANAGER OF IT SECURITY & COMPLIANCE Highest-paid employee | 40 | $158,015 | $34,665 |
| REX BUTLER | MANAGER OF ENVIRONMENTAL & SAFETY Highest-paid employee | 40 | $152,927 | $30,731 |
| PAUL HEINEMAN | BOARD PRESIDENT Trustee or director, Officer | 18 | $61,320 | $0 |
| GARY KESTER | BOARD DIRECTOR Trustee or director | 14.75 | $43,840 | $0 |
| DAN WESTPHAL | BOARD VICE PRESIDENT Trustee or director, Officer | 11.4 | $39,885 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RANDY ROUSE | BOARD DIRECTOR Trustee or director | 5.83 | $39,588 |
| KIRK HILAND | BOARD DIRECTOR Trustee or director | 10.83 | $36,353 |
| GARY MCKENNA | BOARD DIRECTOR Trustee or director | 10.5 | $35,990 |
| ARDEN GREINER | BOARD DIRECTOR Trustee or director | 10.73 | $31,708 |
| DUANE VER PLOEG | BOARD ASST SECRETARY/TREASURER Trustee or director, Officer | 8.4 | $26,570 |
| TIM LARSEN | BOARD DIRECTOR Trustee or director | 8.88 | $25,060 |
| DALE WALKUP | BOARD DIRECTOR Trustee or director | 7 | $21,860 |
| STEVE BIRELINE | BOARD DIRECTOR Trustee or director | 7.25 | $21,015 |
| CRAIG STALLMAN | BOARD DIRECTOR Trustee or director | 8.25 | $19,505 |
| GENE MANTERNACH | BOARD SECRETARY/TREASURER Trustee or director, Officer | 6.08 | $6,795 |
| RONALD THIELEN | PART-YEAR BOARD DIRECTOR Trustee or director | 1 | $1,570 |
990 for the year ended December 31, 2023: 27 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ANDREW ST JOHN | PART-YEAR CEO & CFO Officer | 40 | $333,563 | $39,856 |
| DANIEL BURNS | VP UTILITY OPERATIONS Officer | 40 | $241,085 | $52,742 |
| WILLIAM CHERRIER | PART-YEAR CEO Officer | 40 | $265,733 | $24,223 |
| PAUL HOFMAN | VP INFORMATION TECHNOLOGY Officer | 40 | $245,699 | $40,567 |
| KENDRA GRAVES | VP PORTFOLIO STRATEGY & PL Officer | 40 | $228,916 | $42,813 |
| KERRY KOONCE | VP COMMUNICATIONS Officer | 40 | $184,630 | $33,702 |
| MEMOREA SCHRADER | VP HUMAN RESOURCES Officer | 40 | $195,446 | $22,833 |
| TERRY FETT | ENGINEERING & OPERATIONS D Highest-paid employee | 40 | $165,133 | $38,796 |
| MICHELLE SOYER | FINANCE DIRECTOR Highest-paid employee | 40 | $162,141 | $37,964 |
| SAMUEL STINEMAN | GENERATION ASSETS DIRECTOR Highest-paid employee | 40 | $158,153 | $35,879 |
| CHAD MILLER | IT SECURITY & COMPLIANCE O Highest-paid employee | 40 | $151,962 | $33,182 |
| REX BUTLER | ENVIRONMENTAL MANAGER Highest-paid employee | 40 | $144,979 | $29,583 |
| DAVID NICHOLSON | PART-YEAR CFO Officer | 40 | $65,902 | $7,105 |
| PAUL HEINEMAN | BOARD PRESIDENT Trustee or director, Officer | 18.2 | $50,220 | $0 |
| GARY KESTER | BOARD DIRECTOR Trustee or director | 13.6 | $42,038 | $0 |
| KIRK HILAND | BOARD DIRECTOR Trustee or director | 12.5 | $35,117 | $0 |
| GARY MCKENNA | BOARD DIRECTOR Trustee or director | 10.7 | $32,265 | $0 |
| GENE MANTERNACH | BOARD SECRETARY/TREASURER Trustee or director, Officer | 12 | $29,368 | $0 |
| CRAIG STALLMAN | BOARD DIRECTOR Trustee or director | 10.25 | $29,060 | $0 |
| DAN WESTPHAL | BOARD VICE PRESIDENT Trustee or director, Officer | 9.6 | $28,511 | $0 |
| ARDEN GREINER | BOARD DIRECTOR Trustee or director | 10.5 | $27,720 | $0 |
| DUANE VER PLOEG | BOARD ASST SECRETARY/TREAS Trustee or director, Officer | 7.8 | $24,310 | $0 |
| RANDY ROUSE | BOARD DIRECTOR Trustee or director | 6.9 | $22,320 | $0 |
| DALE WALKUP | BOARD DIRECTOR Trustee or director | 7.5 | $21,650 | $0 |
| TIM LARSEN | PART-YEAR BOARD DIRECTOR Trustee or director | 7.3 | $21,245 | $0 |
| STEVE BIRELINE | BOARD DIRECTOR Trustee or director | 6.2 | $15,550 | $0 |
| DUANE ARMSTEAD | PART-YEAR BOARD DIRECTOR Trustee or director | 1.6 | $7,200 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2517, CEDAR RAPIDS, IA 52406-2517
- Principal officer (990 for 2024)
- ANDREW ST JOHN, 2600 GRAND AVENUE SUITE 300, DES MOINES, IA 50312
- Signed the 990
- ANDREW ST JOHN, CEO
- Phone
- (319) 366-8011
- Website
- WWW.CIPCO.NET
- Return prepared by
- UHY ADVISORS MIDWEST INC
Mission
ELECTRIC GENERATION AND TRANSMISSION COOPERATIVE
Program accomplishments
- THE COOPERATIVE IS AN ELECTRICAL GENERATION AND TRANSMISSION COOPERATIVE PROVIDING WHOLESALE ELECTRICAL SERVICE TO ITS MEMBERS.Expenses $204,459,125 · revenue $216,153,012
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 | Not 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
- 42-0652127
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1951
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $910,500,887
- Income (IRS master file)
- $357,780,477
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $224,762,576 | $204,459,125 | $910,500,887 | XML |
| 990 | December 2023 | $217,847,874 | $205,745,005 | $909,309,520 | XML |
| 990 | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 42-0652127).
Questions about CENTRAL IOWA POWER COOPERATIVE
- What is the EIN of CENTRAL IOWA POWER COOPERATIVE?
- The employer identification number (EIN) of CENTRAL IOWA POWER COOPERATIVE is 42-0652127.
- Is CENTRAL IOWA POWER COOPERATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1951.
- Are donations to CENTRAL IOWA POWER COOPERATIVE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CENTRAL IOWA POWER 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 CENTRAL IOWA POWER COOPERATIVE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CENTRAL IOWA POWER 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 CENTRAL IOWA POWER COOPERATIVE?
- The 990 for the year ended December 31, 2024 names ANDREW ST JOHN.
- Who are the officers and directors of CENTRAL IOWA POWER COOPERATIVE?
- The 990 for the year ended December 31, 2024 lists 26 people; 26 received compensation from the organization, the highest $423,817 (ANDREW ST JOHN, EXECUTIVE VICE PRESIDENT & CEO).
- How much revenue does CENTRAL IOWA POWER COOPERATIVE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $224,762,576, expenses of $204,459,125 and total assets of $910,500,887 at year end.
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