EIN 42-1468305

Heartland Power Cooperative

IRS 501(c) type
501(c)(12)
Num. employees
27
City
Thompson
State
Year formed
1997
Most recent tax filings
2023-12-01
NTEE code, primary
Description
Heartland Power Cooperative is a mission-driven organization that is committed to providing electricity to rural communities. Recent investments in service lines and improvements to the distribution system have kept the system in good shape.
Total revenues
$31,295,055
2023
Total expenses
$29,841,744
2023
Total assets
$63,233,645
2023
Num. employees
27
2023

Program areas at Heartland Power Cooperative

Heartland Power Cooperative invested in new service lines, line and service improvements, and ordinary replacement of existing line to keep up the condition of our distribution system. A summary of these improvements is listed below:15 miles of overhead line was rebuilt22 miles of underground line was installed35 new services connected467 new poles were placed for new line, new services, and for ordinary replacement of damaged or decayed poles or for better line clearance3,056 poles were inspected for decay or damage, 36 poles tagged for replacement306 arrestors were added to lines to drain off lightning surges48 electronic trip savers were installed to improve reliability and reduce outages165 security lights were repaired

Personnel at Heartland Power Cooperative

NameTitleCompensation
Jon LeerarChief Executive Officer and General Manager$193,122
Dave LowDirector of Operations$119,195
Karrie PringnitzDirector of Finance$124,399
Don KnudtsonPresident$11,250
Gary PearsonAssistant Secretary - Treasurer$5,850
...and 7 more key personnel

Financials for Heartland Power Cooperative

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$31,107,162
Investment income and dividends$51,185
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$80,633
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$22,532
Miscellaneous revenues$33,543
Total revenues$31,295,055

Form 990s for Heartland Power Cooperative

Fiscal year endingDate received by IRSFormPDF link
2023-122024-10-28990View PDF
2022-122023-11-02990View PDF
2021-122022-11-03990View PDF
2020-122021-11-11990View PDF
2019-122021-06-08990View PDF
...and 10 more Form 990s

Organizations like Heartland Power Cooperative

OrganizationLocationRevenue
Consumers PowerPhilomath, OR$47,215,867
Fem Electric AssociationIpswich, SD$18,064,744
Western Cooperative Electric AssociationWakeeney, KS$37,553,964
Bayfield Electric CooperativeIron River, WI$15,276,420
Vermont Electric CooperativeJohnson, VT$100,257,337
Sequachee Valley Electric CooperativeSouth Pittsburg, TN$112,585,937
Jones-Onslow Electric Membership Corporation (JOEMC)Jacksonville, NC$152,637,282
Taylor County Rural Electric Cooperative CorporationCampbellsville, KY$57,000,482
CMS Electric CooperativeMeade, KS$29,650,125
Pioneer Electric CooperativeUlysses, KS$84,514,183
Data update history
December 31, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 31, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 6, 2023
Updated personnel
Identified 1 new personnel
June 28, 2023
Posted financials
Added Form 990 for fiscal year 2020
May 22, 2023
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Public utilitiesPublic sector nonprofits
Issues
No issues found
Characteristics
Receives government funding
General information
Address
216 Jackson St
Thompson, IA 50478
Website URL
heartlandpower.com/ 
Phone
(641) 584-2251
IRS details
EIN
42-1468305
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1997
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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