EIN 42-0381704

Linn County Rural Electric Cooperative Association (REC)

IRS 501(c) type
501(c)(12)
Num. employees
78
City
State
Year formed
1938
Most recent tax filings
2023-12-01
NTEE code, primary
Description
Linn County Rural Electric Cooperative (REC) is a not-for-profit, member owned electric distribution cooperative serving more than 28,000 members in portions of six counties in eastern Iowa. Our membership includes residential and commercial accounts in rural and suburban areas of Linn and Johnson counties with line extensions into Jones, Cedar, Iowa and Benton counties. Linn County REC is a member owned, not for profit cooperative under Iowa law. When there are profits that exceed the amount needed to operate the cooperative, they go back to our members, in the form of capital credits.
Total revenues
$69,410,092
2023
Total expenses
$61,277,199
2023
Total assets
$208,132,445
2023
Num. employees
78
2023

Program areas at REC

Cooperative purchased power from central Iowa power Cooperative in 2023 for $35,409,554 for distribution to Cooperative members.
The Cooperative billed 33,393 services on a monthly basis.
Cooperative distributed purchased power to members over 2,483 miles of distribution line.

Personnel at REC

NameTitleCompensation
Terry SullivanGeneral Manager and Chief Executive Officer$268,033
Jennifer FeddersenChief Financial Officer / Controller / Staff Assistant and Human Resources$135,785
Kevin StuckerTechnology Manager / Lead Engineer$166,441
Dan AppelhansLine Superintendent / Sub Foreman$135,206
Nicholas HolubLineman$137,384

Financials for REC

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$65,785,738
Investment income and dividends$226,872
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$99,596
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$77,201
Miscellaneous revenues$3,220,685
Total revenues$69,410,092

Form 990s for REC

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-07990View PDF
2022-122023-11-08990View PDF
2021-122022-10-11990View PDF
2020-122021-09-29990View PDF
2019-122021-06-07990View PDF
...and 9 more Form 990s

Organizations like REC

OrganizationLocationRevenue
Farmers Electric CooperativeChillicothe, MO$33,398,741
Habersham Electric Membership CorporationClarkesville, GA$79,545,222
Black River Electric CooperativeSumter, SC$84,028,518
Minnesota Valley Electric CooperativeJordan, MN$108,564,734
Three Rivers Electric CooperativeLinn, MO$48,189,109
Attn Andy Hardy CFODunn, NC$109,686,443
Irwin Electric Membership CorporationOcilla, GA$34,370,396
Eastern Iowa Light and Power CooperativeWilton, IA$68,261,552
Southern Rivers Energy Attn Tony Caldwell (SRE)Barnesville, GA$54,913,307
Northeast Texas Electric Cooperative (NTEC)Longview, TX$237,882,729
Data update history
March 6, 2025
Posted financials
Added Form 990 for fiscal year 2023
February 28, 2025
Updated personnel
Identified 2 new personnel
January 20, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 20, 2024
Updated personnel
Identified 1 new personnel
June 29, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Public utilitiesPublic sector nonprofits
Issues
No issues found
Characteristics
State / local level
General information
Address
PO Box 69
Marion, IA 52302
Metro area
Cedar Rapids, IA
County
Linn County, IA
Website URL
linncountyrec.com/ 
Phone
(319) 377-1587
IRS details
EIN
42-0381704
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1938
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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