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  4. Midland Power Cooperative
EIN 42-1378565

Midland Power Cooperative

IRS 501(c) type
501(c)(12)
Num. employees
56
City
Boone
State
Iowa
Year formed
1991
Most recent tax filings
2022-12-01
NTEE code, primary
W80: Public Utilities
Description
Midland Power Cooperative provides electricity to its members in Central Iowa. The cooperative's mission is to safely provide reliable, affordable, and responsible electric service while enhancing the communities it serves. Midland Power operates as a rural electric cooperative, offering various programs to its members. The cooperative is located in Boone, IA.
Total revenues
$57,765,405
2022
Total expenses
$54,339,214
2022
Total assets
$157,689,289
2022
Num. employees
56
2022

Program areas at Midland Power Cooperative

Midland Power is a rural electric Cooperative that provides electricity to its members.

Personnel at Midland Power Cooperative

NameTitleCompensation
William McKimChief Executive Officer$288,101
Dan KyleVice President of Operations$125,496
Norm FandelSenior Vice President of Business Operations$56,611
Jill GannonVice President of Administration and Finance$112,701
Barry MunsonLine Foreman$114,052
...and 8 more key personnel

Financials for Midland Power Cooperative

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$57,570,780
Investment income and dividends$145,610
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$21,857
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$27,158
Miscellaneous revenues$0
Total revenues$57,765,405

Form 990s for Midland Power Cooperative

Fiscal year endingDate received by IRSFormPDF link
2022-122023-10-26990View PDF
2021-122022-10-07990View PDF
2020-122021-11-10990View PDF
2019-122021-06-08990View PDF
2018-122020-01-28990View PDF
...and 9 more Form 990s

Organizations like Midland Power Cooperative

OrganizationLocationRevenue
Pennyrile Rural Electric Cooperative CorporationHopkinsville, KY$153,031,041
Jackson County Rural Electric Membership CorporationBrownstown, IN$81,164,964
Midwest EnergyHays, KS$247,394,171
Energyunited Electric Membership CorporationStatesville, NC$283,002,756
Rich Mountain Electric Cooperative (RMEC)Mena, AR$21,911,930
New Hampshire Electric Cooperative (NHEC)Plymouth, NH$183,216,707
Raccoon Valley Electric CooperativeGlidden, IA$16,500,789
Clarke Electrtic CooperativeOsceola, IA$14,695,333
Blue Grass Energy Cooperative CorporationNicholasville, KY$151,939,523
Farmers Electric CooperativeGreenfield, IA$15,554,329
Data update history
November 27, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 27, 2023
Updated personnel
Identified 1 new personnel
November 26, 2023
Used new vendors
Identified 1 new vendor, including
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 14, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Public utilitiesPublic sector nonprofits
Issues
No issues found
Characteristics
State / local levelReceives government funding
General information
Address
2005 S Story St PO Box 368
Boone, IA 50036
Metro area
Ames, IA
County
Boone County, IA
Website URL
midlandpower.coop/ 
Phone
(515) 386-4111
IRS details
EIN
42-1378565
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1991
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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