Nonprofit · EIN 42-0662488
IOWA ASSOCIATION OF ELECTRIC COOPERATIVES
Tax-exempt · DES MOINES, IA 50322
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $5,923,543 | $5,666,351 | $257,192 | $3,656,046 | $736,489 | $2,919,557 |
| August 31, 2024 | 990 | $6,117,032 | $6,086,613 | $30,419 | $3,441,995 | $839,382 | $2,602,613 |
| August 31, 2023 | 990 | $5,701,069 | $5,287,202 | $413,867 | $3,496,705 | $819,151 | $2,677,554 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $5,839,016
- Investment income
- $67,577
- Net rental income
- $16,950
- Net gain from sales of assets
- $9,287
- Other revenue
- $16,950
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $477,997
- Other salaries and wages
- $1,412,800
- Salaries, compensation and benefits (total)
- $2,624,716
- Professional fundraising fees
- $0
- Legal fees
- $32,738
- Accounting fees
- $178,291
- Travel
- $46,988
- Depreciation
- $141,007
Balance sheet and other
- Total assets, start of year
- $3,441,995
- Total assets, end of year
- $3,656,046
- Total liabilities, end of year
- $736,489
- Net assets, end of year
- $2,919,557
- Land, buildings and equipment
- $621,245
- Publicly traded securities
- $588,790
- Net assets without donor restrictions
- $2,662,366
- Gross unrelated business income
- $7,000
- Gross receipts
- $6,134,118
- Employees
- 19
- Volunteers
- 0
- Year formed
- 1942
- 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 August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHARLES SODERBERG | PAST EXECUTIVE V.P./GENERAL MANAGER Officer | 40 | $249,275 | $59,341 |
| TIM FALK | DIRECTOR - BENEFITS Highest-paid employee | 40 | $181,849 | $58,314 |
| ETHAN HOHENADEL | DIRECTOR - REGULATORY AFFAIRS Highest-paid employee | 44 | $177,210 | $61,537 |
| SCOTT MEINEKE | DIRECTOR - SAFETY Highest-paid employee | 51 | $151,449 | $56,532 |
| ERIN CAMPBELL | DIRECTOR - COMMUNICATIONS Highest-paid employee | 40 | $115,170 | $63,340 |
| JIM MILLER | PRESIDENT Trustee or director, Officer | 2 | $15,505 | $0 |
| GORDON GREIMANN | VICE PRESIDENT Trustee or director, Officer | 2 | $11,387 | $0 |
| JERRY KELEHER | ASSISTANT SECRETARY/TREASURER Trustee or director, Officer | 2 | $9,788 | $0 |
| TONY LEM | SECRETARY/TREASURER Trustee or director, Officer | 2 | $9,588 | $0 |
| BRUCE AMUNDSON | DIRECTOR Trustee or director | 2 | $9,238 | $0 |
| MARION DENGER | NRECA DIRECTOR Trustee or director | 2 | $7,950 | $0 |
| STEVE INSKEEP | DIRECTOR Trustee or director | 2 | $2,038 | $0 |
| TRAVIS HARRIS | DIRECTOR Trustee or director | 2 | $1,250 | $0 |
| TERRY SULLIVAN | MANAGER'S REPRESENTATIVE Trustee or director | 2 | $0 | $0 |
| LESLIE KAUFMAN | EXECUTIVE V.P/GENERAL MANAGER Officer | 52 | $0 | $0 |
990 for the year ended August 31, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHARLES SODERBERG | PAST EXECUTIVE V.P./GENERAL MANAGER Officer | 40 | $326,640 | $92,627 |
| TIM FALK | DIRECTOR - BENEFITS Highest-paid employee | 40 | $170,405 | $61,056 |
| KEVIN CONDON | DIRECTOR - GOVT RELATIONS Highest-paid employee | 40 | $160,032 | $70,464 |
| ETHAN HOHENADEL | DIRECTOR - REGULATORY AFFAIRS Highest-paid employee | 40 | $170,943 | $52,523 |
| SCOTT MEINEKE | DIRECTOR - SAFETY Highest-paid employee | 40 | $146,354 | $53,352 |
| ROGER SOLOMONSON | PRESIDENT Trustee or director, Officer | 2 | $17,188 | $0 |
| KENNETH VANDENBERG | SECRETARY/TREASURER Trustee or director, Officer | 2 | $13,310 | $0 |
| GORDON GREIMANN | VICE PRESIDENT Trustee or director, Officer | 2 | $11,537 | $0 |
| JIM MILLER | DIRECTOR Trustee or director | 2 | $11,125 | $0 |
| TONY LEM | DIRECTOR Trustee or director | 2 | $10,937 | $0 |
| BRUCE AMUNDSON | DIRECTOR Trustee or director | 2 | $10,150 | $0 |
| DEENA MOORE | ASSISTANT SECRETARY/TREASURER Trustee or director, Officer | 2 | $8,287 | $0 |
| MARION DENGER | NRECA DIRECTOR Trustee or director | 2 | $7,150 | $0 |
| KEVIN WHEELER | MANAGER'S REPRESENTATIVE Trustee or director | 2 | $0 | $0 |
| LESLIE KAUFMAN | EXECUTIVE V.P/GENERAL MANAGER Officer | 40 | $0 | $0 |
990 for the year ended August 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHARLES SODERBERG | EXECUTIVE V.P./GENERAL MAN Officer | 40 | $306,166 | $76,019 |
| REGI GOODALE | DIRECTOR - REGULATORY AFFA Highest-paid employee | 40 | $224,872 | $43,673 |
| TIM FALK | DIRECTOR - BENEFITS Highest-paid employee | 40 | $160,610 | $60,907 |
| KEVIN CONDON | DIRECTOR - GOVT RELATIONS Highest-paid employee | 40 | $153,365 | $63,190 |
| SCOTT MEINEKE | DIRECTOR - SAFETY Highest-paid employee | 40 | $141,230 | $45,973 |
| ROGER SOLOMONSON | PRESIDENT Trustee or director, Officer | 2 | $18,125 | $0 |
| JIM MILLER | DIRECTOR Trustee or director | 2 | $13,825 | $0 |
| DEENA MOORE | ASSISTANT SECRETARY/TREASURER Trustee or director, Officer | 2 | $12,163 | $0 |
| KENNETH VANDENBERG | SECRETARY/TREASURER Trustee or director, Officer | 2 | $10,913 | $0 |
| GORDON GREIMANN | VICE PRESIDENT Trustee or director, Officer | 2 | $10,850 | $0 |
| TONY LEM | DIRECTOR Trustee or director | 2 | $9,887 | $0 |
| MARION DENGER | NRECA DIRECTOR Trustee or director | 2 | $8,050 | $0 |
| BRUCE AMUNDSON | DIRECTOR Trustee or director | 2 | $875 | $0 |
| KEVIN WHEELER | MANAGER'S REPRESENTATIVE Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 8525 DOUGLAS AVE STE 48, DES MOINES, IA 50322-2992
- Principal officer (990 for 2024)
- LESLIE KAUFMAN, 8525 DOUGLAS AVENUE SUITE 48, DES MOINES, IA 503222992
- Signed the 990
- LESLIE KAUFMAN, EXECUTIVE V.P./GENERAL MANAGER
- Phone
- (515) 276-5350
- Website
- WWW.IOWAREC.ORG
- Return prepared by
- UHY ADVISORS MIDWEST INC
Mission
PROVIDE SERVICES TO RURAL ELECTRIC COOPERATIVES.
Program accomplishments
- EDUCATION & TRAINING - PROVIDED EDUCATIONAL OPPORTUNITIES FOR EMPLOYEES AND DIRECTORS OF MEMBER COOPERATIVES IN TECHNICAL AND MANAGEMENT SUBJECTS RELATED TO THEIR EMPLOYMENT. NUMEROUS PROGRAMS WERE HELD DURING THE YEAR.
- SAFETY PROGRAMS - PROVIDED EDUCATION AND TRAINING IN AREAS RELATED TO ELECTRIC & OSHA SAFETY. SEVERAL STAFF MEMBERS WERE DEVOTED EXCLUSIVELY TO THIS FUNCTION.
- GOVERNMENT RELATIONS - PROVIDE INFORMATION TO LEGISLATIVE AND ADMINISTRATIVE PARTIES IN FEDERAL AND STATE GOVERNMENT ON RURAL ELECTRIC ISSUES.
- COMMUNICATIONS - PROMOTED PUBLIC AWARENESS OF RURAL ELECTRIC COOPERATIVES AND THEIR PURPOSE AND ACTIVITIES PARTICULARLY WHAT MEMBER-CONSUMER-OWNERS CAN DO TO USE ENERGY MORE EFFICIENTLY. APPROXIMATELY 55,000 COPIES OF "IOWA ELECTRIC COOPERATIVE LIVING" MAGAZINES ARE CIRCULATED MONTHLY.
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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 42-0662488
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1943
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,656,046
- Income (IRS master file)
- $6,134,118
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $5,923,543 | $5,666,351 | $3,656,046 | XML |
| 990 | August 2024 | $6,117,032 | $6,086,613 | $3,441,995 | XML |
| 990 | August 2023 | $5,701,069 | $5,287,202 | $3,496,705 | XML |
| 990 | August 2022 | $5,266,125 | $5,217,286 | $2,896,267 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | IRS |
| 990 | August 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 42-0662488).
Questions about IOWA ASSOCIATION OF ELECTRIC COOPERATIVES
- What is the EIN of IOWA ASSOCIATION OF ELECTRIC COOPERATIVES?
- The employer identification number (EIN) of IOWA ASSOCIATION OF ELECTRIC COOPERATIVES is 42-0662488.
- Is IOWA ASSOCIATION OF ELECTRIC COOPERATIVES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1943.
- Are donations to IOWA ASSOCIATION OF ELECTRIC COOPERATIVES tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does IOWA ASSOCIATION OF ELECTRIC COOPERATIVES 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 IOWA ASSOCIATION OF ELECTRIC COOPERATIVES due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IOWA ASSOCIATION OF ELECTRIC COOPERATIVES last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of IOWA ASSOCIATION OF ELECTRIC COOPERATIVES?
- The 990 for the year ended August 31, 2025 names LESLIE KAUFMAN.
- Who are the officers and directors of IOWA ASSOCIATION OF ELECTRIC COOPERATIVES?
- The 990 for the year ended August 31, 2025 lists 15 people; 13 received compensation from the organization, the highest $249,275 (CHARLES SODERBERG, PAST EXECUTIVE V.P./GENERAL MANAGER).
- How much revenue does IOWA ASSOCIATION OF ELECTRIC COOPERATIVES have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $5,923,543, expenses of $5,666,351 and total assets of $3,656,046 at year end.
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