EIN 42-0394605

Maquoketa Valley Rural Electric Cooperative

IRS 501(c) type
501(c)(12)
Num. employees
84
State
Year formed
1936
Most recent tax filings
2022-12-01
NTEE code, primary
Description
A cooperative providing reliable electric, internet, and telephone services in northern Iowa to over 16,000 rural residential and commercial consumers.
Total revenues
$41,739,956
2022
Total expenses
$40,245,956
2022
Total assets
$152,454,363
2022
Num. employees
84
2022

Program areas at Maquoketa Valley Rural Electric Cooperative

Maquoketa Valley Electric Cooperative provides electric energy services over 3,313 miles of distribution line to 17,677 metered services, covering more than 16,784 rural residential and commercial member-consumers in nine counties in Northeastern Iowa.
Maquoketa Valley Electric Cooperative provides internet service to 5,970 members and VoIP phone service to 466 members throughout their service territory.

Personnel at Maquoketa Valley Rural Electric Cooperative

NameTitleCompensation
Jeremy RichertChief Executive Officer and Executive Vice President$228,547
Kelly GibbsChief Financial Officer$147,364
Dan SchulteDirector of Operations$140,171
Brent WegmannDirector of It$139,200
Dean KoopmannTechnical Services Manager$121,113
...and 12 more key personnel

Financials for Maquoketa Valley Rural Electric Cooperative

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$41,046,657
Investment income and dividends$61,762
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$39,515
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$10,229
Miscellaneous revenues$581,793
Total revenues$41,739,956

Form 990s for Maquoketa Valley Rural Electric Cooperative

Fiscal year endingDate received by IRSFormPDF link
2022-122023-05-10990View PDF
2021-122022-06-13990View PDF
2020-122021-07-20990View PDF
2019-122021-06-07990View PDF
2018-122019-07-23990View PDF
...and 10 more Form 990s

Organizations like Maquoketa Valley Rural Electric Cooperative

OrganizationLocationRevenue
South Central Arkansas Electric CooperativeArkadelphia, AR$35,113,922
Southern Montana Electric G and T CooperativeBillings, MT$21,696,842
Roughrider Electric CooperativeHazen, ND$87,072,247
Grady Electric Membership CorporationCairo, GA$52,006,596
Central Wisconsin Electric CooperativeRosholt, WI$18,670,681
Wheatland Rural Electric AssociationWheatland, WY$18,033,086
Escambia River Electric Cooperative (EREC)Jay, FL$31,915,839
M J M Electric CooperativeCarlinville, IL$22,406,705
Heart of Texas Electric CooperativeMC Gregor, TX$71,261,483
High Plains PowerRiverton, WY$80,362,207
Data update history
July 24, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 18, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 1, 2023
Updated personnel
Identified 4 new personnel
May 6, 2023
Updated personnel
Identified 1 new personnel
May 6, 2023
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Public utilitiesPublic sector nonprofits
Issues
No issues found
Characteristics
State / local level
General information
Address
109 N Huber St
Anamosa, IA 52205
Metro area
Cedar Rapids, IA
County
Jones County, IA
Website URL
mvec.coop/ 
Phone
(319) 462-3542
IRS details
EIN
42-0394605
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1936
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W80: Public Utilities
NAICS code, primary
2211: Electric Power Generation, Transmission, and Distribution Establishments
Parent/child status
Independent
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