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EIN 42-1259366

Iowa Lakes Electric Cooperative

IRS 501(c) type
501(c)(12)
Num. employees
83
City
Estherville
State
Iowa
Year formed
1986
Most recent tax filings
2023-12-01
NTEE code, primary
W80: Public Utilities
Description
Iowa Lakes Electric Cooperative is a rural electric cooperative in Estherville, IA that provides electric utility services to members of the cooperative. Their programs include the sales of electricity to members.
Total revenues
$73,826,421
2023
Total expenses
$67,867,720
2023
Total assets
$179,052,148
2023
Num. employees
83
2023

Program areas at Iowa Lakes Electric Cooperative

Rural Electric Cooperative - sales of electricity to members.

Personnel at Iowa Lakes Electric Cooperative

NameTitleCompensation
Rick OlesenChief Executive Officer and President / President and Chief Executive Officer$198,593
Shelly TredwayInterim Chief Executive Officer and Vice President of Finance and Chief Financial Officer$116,186
Tim McColloughPresident and Chief Executive Officer / Chief Executive Officer and President$246,997
Aaron RuschyVice President of Operations and Engineering$175,927
September DauSenior Vice President of Finance$206,100
...and 11 more key personnel

Financials for Iowa Lakes Electric Cooperative

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$67,353,873
Investment income and dividends$524,417
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$35,771
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$-38,097
Miscellaneous revenues$5,950,457
Total revenues$73,826,421

Form 990s for Iowa Lakes Electric Cooperative

Fiscal year endingDate received by IRSFormPDF link
2023-122024-09-04990View PDF
2022-122023-09-12990View PDF
2021-122022-09-13990View PDF
2020-122021-08-25990View PDF
2019-122020-11-23990View PDF
...and 10 more Form 990s

Organizations like Iowa Lakes Electric Cooperative

OrganizationLocationRevenue
Habersham Electric Membership CorporationClarkesville, GA$76,985,449
Southern Rivers Energy Attn Tony Caldwell (SRE)Barnesville, GA$54,913,307
Attn Andy Hardy CFODunn, NC$109,686,443
Eastern Iowa Light and Power CooperativeWilton, IA$68,261,552
Attn Phyllis ReddJackson, GA$159,172,579
Slope Electric CooperativeNew England, ND$23,943,650
Cullman Electric CooperativeCullman, AL$145,062,218
Washington-St Tammany Electric Cooperative 1570Franklinton, LA$119,527,789
Licking Rural ElectrificationNewark, OH$68,341,532
Southwest Mississippi Electric Power AssociationLorman, MS$63,057,088
Data update history
August 26, 2024
Posted financials
Added Form 990 for fiscal year 2021
August 24, 2024
Used new vendors
Identified 1 new vendor, including
October 27, 2023
Posted financials
Added Form 990 for fiscal year 2022
October 27, 2023
Updated personnel
Identified 3 new personnel
October 23, 2023
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Public utilitiesPublic sector nonprofits
Issues
No issues found
Characteristics
State / local levelReceives government funding
General information
Address
702 S 1st St
Estherville, IA 51334
County
Emmet County, IA
Website URL
ilec.coop/ 
Phone
(712) 362-7870
IRS details
EIN
42-1259366
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1986
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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