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EIN 42-0394605

Maquoketa Valley Rural Electric Cooperative

IRS 501(c) type
501(c)(12)
Num. employees
85
City
Anamosa
State
Iowa
Year formed
1936
Most recent tax filings
2023-12-01
NTEE code, primary
W80: Public Utilities
Description
A cooperative providing reliable electric, internet, and telephone services in northern Iowa to over 16,000 rural residential and commercial consumers.
Total revenues
$44,002,907
2023
Total expenses
$41,267,199
2023
Total assets
$163,642,141
2023
Num. employees
85
2023

Program areas at Maquoketa Valley Rural Electric Cooperative

Maquoketa Valley Electric Cooperative provides electric energy services over 3,319 miles of distribution line to 17,891 metered services, covering more than 17,003 rural residential and commercial member-consumers in nine counties in Northeastern Iowa.
Maquoketa Valley Electric Cooperative provides internet service to 6,697 members and VoIP phone service to 513 members throughout its service territory.

Personnel at Maquoketa Valley Rural Electric Cooperative

NameTitleCompensation
Jeremy RichertChief Executive Officer$243,601
Kelly GibbsChief Financial Officer$156,868
Dan SchulteDirector of Operations$146,623
Brent WegmannDirector of Information Technology$149,975
Dean KoopmannTechnical Services Manager$127,945
...and 15 more key personnel

Financials for Maquoketa Valley Rural Electric Cooperative

RevenuesFYE 12/2023
Total grants, contributions, etc.$100,711
Program services$42,108,718
Investment income and dividends$127,931
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$3,799
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$10,879
Miscellaneous revenues$1,650,869
Total revenues$44,002,907

Form 990s for Maquoketa Valley Rural Electric Cooperative

Fiscal year endingDate received by IRSFormPDF link
2023-122024-06-05990View PDF
2022-122023-05-10990View PDF
2021-122022-06-13990View PDF
2020-122021-07-20990View PDF
2019-122021-06-07990View PDF
...and 11 more Form 990s

Organizations like Maquoketa Valley Rural Electric Cooperative

OrganizationLocationRevenue
Citizens Electric CorporationPerryville, MO$140,040,021
Slope Electric CooperativeNew England, ND$23,943,650
Clay County Electric Coop CorporationCorning, AR$34,556,617
Western Iowa Power CooperativeDenison, IA$14,883,426
Lane Electric CooperativeEugene, OR$28,802,287
South Plains Electric CooperativeLubbock, TX$208,235,314
Butler County Rural Electric CooperativeAllison, IA$34,257,753
Webster Electric CooperativeMarshfield, MO$37,992,455
Escambia River Electric Cooperative (EREC)Jay, FL$31,915,839
Pennyrile Rural Electric Cooperative CorporationHopkinsville, KY$153,031,041
Data update history
October 4, 2024
Updated personnel
Identified 4 new personnel
August 17, 2024
Updated personnel
Identified 1 new personnel
August 14, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 24, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 18, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Public utilitiesPublic sector nonprofits
Issues
No issues found
Characteristics
State / local levelReceives government funding
General information
Address
109 N Huber St
Anamosa, IA 52205
Metro area
Cedar Rapids, IA
County
Jones County, IA
Website URL
mvec.coop/ 
Phone
(319) 462-3542
IRS details
EIN
42-0394605
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1936
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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