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EIN 27-1224818

Raccoon Valley Electric Cooperative

IRS 501(c) type
501(c)(12)
Num. employees
19
City
Glidden
State
Iowa
Year formed
2010
Most recent tax filings
2022-12-01
NTEE code, primary
W80: Public Utilities
Description
Raccoon Valley Electric Cooperative offers electric service to its approximately 2,090 members. Its mission is to provide safe, reliable and competitive services while being a leader in the community's prosperity and growth. The Cooperative collects revenue from members and other related sources for the purpose of covering costs and operating reserves funding.
Total revenues
$16,981,957
2022
Total expenses
$16,690,827
2022
Total assets
$47,798,291
2022
Num. employees
19
2022

Program areas at Raccoon Valley Electric Cooperative

Provide Electric service to approximately 2,090 members. Revenue is collected from the members and other related sources for the sole purpose of covering the cost of Electric service provided; and to provide operating reserves to fund those activities. Excess revenues over the cost of operations and allocations to reserves are returned to the members as patronage capital.

Personnel at Raccoon Valley Electric Cooperative

NameTitleCompensation
Jim GossettChief Executive Officer
Eugene HandlosChief Financial Officer$108,134
Jack ScanlanLine Superintendent$118,176
James GossettPast Chief Executive Officer$164,998
David OnkenPresident$5,400
...and 5 more key personnel

Financials for Raccoon Valley Electric Cooperative

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$16,907,086
Investment income and dividends$31,764
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-11,323
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$54,573
Miscellaneous revenues$-143
Total revenues$16,981,957

Form 990s for Raccoon Valley Electric Cooperative

Fiscal year endingDate received by IRSFormPDF link
2022-122023-07-06990View PDF
2021-122022-08-29990View PDF
2020-122021-07-29990View PDF
2019-122020-12-12990View PDF
2018-122019-09-23990View PDF
...and 8 more Form 990s

Organizations like Raccoon Valley Electric Cooperative

OrganizationLocationRevenue
Tombigbee Electric CooperativeHamilton, AL$17,768,087
Fem Electric AssociationIpswich, SD$17,398,603
Chariton Valley Electric CooperativeAlbia, IA$13,135,106
Consumers PowerPhilomath, OR$47,215,867
Rich Mountain Electric Cooperative (RMEC)Mena, AR$23,041,846
Jackson County Rural Electric Membership CorporationBrownstown, IN$71,731,324
Clarke Electrtic CooperativeOsceola, IA$14,695,333
Guthrie County Rural Electric Cooperative AssociationGuthrie Center, IA$16,347,009
Tideland Electric Membership CorporationPantego, NC$52,138,305
Douglas Electric CooperativeRoseburg, OR$24,667,189
Data update history
August 26, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 24, 2023
Updated personnel
Identified 1 new personnel
August 17, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 29, 2022
Updated personnel
Identified 1 new personnel
October 11, 2021
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Public utilitiesPublic sector nonprofits
Issues
No issues found
Characteristics
State / local levelReceives government funding
General information
Address
PO Box 486
Glidden, IA 51443
County
Carroll County, IA
Website URL
rvec.coop/ 
Phone
(712) 659-3649
IRS details
EIN
27-1224818
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2010
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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