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  4. Central Iowa Power Cooperative
EIN 42-0652127

Central Iowa Power Cooperative

IRS 501(c) type
501(c)(12)
Num. employees
133
City
Cedar Rapids
State
Iowa
Year formed
1946
Most recent tax filings
2023-12-01
NTEE code, primary
W80: Public Utilities
Description
Central Iowa Power Cooperative delivers safe, reliable, and affordable electric service to its member-owners. The cooperative takes pride in offering efficient and sustainable energy sources that help reduce the carbon footprint and minimize environmental impact. It serves nearly 300,000 residents and over 13,000 commercial and industrial accounts across Iowa, ensuring all power requirements are met around the clock. Through unity of purpose and progressive leadership, Central Iowa Power Cooperative aims to exceed competition in service excellence and resource deployment.
Total revenues
$217,847,874
2023
Total expenses
$205,745,005
2023
Total assets
$909,309,520
2023
Num. employees
133
2023

Program areas at Central Iowa Power Cooperative

The Cooperative is an electrical generation and transmission Cooperative providing wholesale electrical service to its members.

Personnel at Central Iowa Power Cooperative

NameTitleCompensation
Andrew St. JohnExecutive Vice President and Chief Executive Officer$228,450
Dave NicholsonVice President and Chief Financial Officer
Kerry KoonceVice President of Communications and Corporate Relations$170,672
Paul HofmanVice President of Information Technology$235,642
Memorea SchraderVice President of Human Resources$186,547
...and 7 more key personnel

Financials for Central Iowa Power Cooperative

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$212,872,575
Investment income and dividends$1,615,163
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$526,464
Net gain from sale of non-inventory assets$1,157,354
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$1,676,318
Total revenues$217,847,874

Form 990s for Central Iowa Power Cooperative

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-14990View PDF
2022-122023-11-09990View PDF
2021-122022-11-14990View PDF
2020-122021-11-10990View PDF
2018-122020-02-07990View PDF
...and 9 more Form 990s

Organizations like Central Iowa Power Cooperative

OrganizationLocationRevenue
East River Electric Power CooperativeMadison, SD$356,938,059
Salt River Electric CooperativeBardstown, KY$134,671,914
Johnson County Rural Electric Membership Corporation (JCREMC)Franklin, IN$73,379,153
Boone RemcLebanon in, IN$69,061,714
Cumberland Valley ElectricGray, KY$59,924,348
Connexus EnergyRamsey, MN$260,909,344
Delaware Electric CooperativeGreenwood, DE$245,267,841
Southwest Louisiana Electric Membership CorporationLafayette, LA$313,037,185
Navasota Valley Electric CooperativeFranklin, TX$61,012,125
Powell Valley Electric CooperativeNew Tazewell, TN$78,219,772
Data update history
October 15, 2024
Updated personnel
Identified 3 new personnel
January 23, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 23, 2024
Updated personnel
Identified 2 new personnel
January 2, 2024
Used new vendors
Identified 2 new vendors, including , and
July 16, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Public utilitiesPublic sector nonprofits
Issues
No issues found
Characteristics
State / local level
General information
Address
PO Box 2517
Cedar Rapids, IA 52406
Metro area
Cedar Rapids, IA
County
Linn County, IA
Website URL
cipco.net/ 
Phone
(319) 366-8011
IRS details
EIN
42-0652127
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1946
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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