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EIN 27-1224818

Raccoon Valley Electric Cooperative

IRS 501(c) type
501(c)(12)
Num. employees
18
City
Glidden
State
Iowa
Year formed
2010
Most recent tax filings
2023-12-01
NTEE code, primary
W80: Public Utilities
Description
Raccoon Valley Electric Cooperative offers electric service to its approximately 2,090 members. Its mission is to provide safe, reliable and competitive services while being a leader in the community's prosperity and growth. The Cooperative collects revenue from members and other related sources for the purpose of covering costs and operating reserves funding.
Total revenues
$16,500,789
2023
Total expenses
$16,298,462
2023
Total assets
$53,526,848
2023
Num. employees
18
2023

Program areas at Raccoon Valley Electric Cooperative

Provide Electric service to approximately 2,090 members. Revenue is collected from the members and other related sources for the sole purpose of covering the cost of Electric service provided; and to provide operating reserves to fund those activities. Excess revenues over the cost of operations and allocations to reserves are returned to the members as patronage capital.

Personnel at Raccoon Valley Electric Cooperative

NameTitleCompensation
Jim GossettChief Executive Officer
Eugene HandlosChief Financial Officer$114,165
Chad LankfordMeter Technician$101,261
Jack ScanlanLine Superintendent$119,665
James GossettPast Chief Executive Officer$171,878
...and 7 more key personnel

Financials for Raccoon Valley Electric Cooperative

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$16,412,189
Investment income and dividends$49,476
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
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$39,124
Miscellaneous revenues$0
Total revenues$16,500,789

Form 990s for Raccoon Valley Electric Cooperative

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-28990View PDF
2022-122023-07-06990View PDF
2021-122022-08-29990View PDF
2020-122021-07-29990View PDF
2019-122020-12-12990View PDF
...and 9 more Form 990s

Organizations like Raccoon Valley Electric Cooperative

OrganizationLocationRevenue
Midland Power CooperativeBoone, IA$57,765,405
Carteret-Craven Electric CooperativeNewport, NC$72,417,120
Prairie Energy CooperativeClarion, IA$33,622,237
Grundy County Rural Electric CooperativeGrundy Center, IA$11,131,300
West River Electric AssociationWall, SD$44,777,288
Alaska Village Electric CooperativeAnchorage, AK$69,708,185
Nishnabotna Valley Rural Electric CooperativeHarlan, IA$18,916,306
Nushagak Electric and Telephone CooperativeDillingham, AK$15,749,708
Kit Carson Electric CooperativeTaos, NM$57,387,729
Buckeye Rural Electric CooperativeRio Grande, OH$45,001,606
Data update history
August 15, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 10, 2024
Updated personnel
Identified 2 new personnel
August 26, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 24, 2023
Updated personnel
Identified 1 new personnel
August 17, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Public utilitiesPublic sector nonprofits
Issues
No issues found
Characteristics
State / local levelReceives government funding
General information
Address
PO Box 486
Glidden, IA 51443
County
Carroll County, IA
Website URL
rvec.coop/ 
Phone
(712) 659-3649
IRS details
EIN
27-1224818
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2010
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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