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EIN 42-0557125

Tip Rural Electric Cooperative

IRS 501(c) type
501(c)(12)
Num. employees
34
City
Brooklyn
State
Iowa
Year formed
1938
Most recent tax filings
2023-12-01
NTEE code, primary
W80: Public Utilities
Description
Tip Rural Electric Cooperative provides electric service to 5,039 members through 6,553 accounts. Its mission is to offer safe and reliable electricity at competitive costs while pursuing excellence in technology, service, and member relations for the benefit of its members and communities. In 2022, the cooperative sold 148,489,757 kilowatt hours of electric energy to its consumers, generating a recorded program service revenue of $16,403,258 – representing up to 96% of total revenue.
Total revenues
$18,020,996
2023
Total expenses
$17,563,589
2023
Total assets
$56,894,586
2023
Num. employees
34
2023

Program areas at Tip Rural Electric Cooperative

The Cooperative sold 142,661,808 kilowatt hours of Electric energy to its 5,054 member consumers during 2023 for recorded program service revenue of $16,598,549. This represents 92% of the total revenue for the Cooperative for calendar year 2023.

Personnel at Tip Rural Electric Cooperative

NameTitleCompensation
Scott LongChief Executive Officer and General Manager$142,688
Terry KloppenburgChief Financial Officer$109,724
Dean HulsGeneral Manager$161,713
Hunter ConnellyOperations Manager$110,956
Nathan HopwoodIt Manager$106,037
...and 7 more key personnel

Financials for Tip Rural Electric Cooperative

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$16,598,549
Investment income and dividends$433,768
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$0
Miscellaneous revenues$988,679
Total revenues$18,020,996

Form 990s for Tip Rural Electric Cooperative

Fiscal year endingDate received by IRSFormPDF link
2023-122024-04-16990View PDF
2022-122023-03-29990View PDF
2021-122022-04-01990View PDF
2020-122021-05-03990View PDF
2019-122021-04-28990OView PDF
...and 9 more Form 990s

Organizations like Tip Rural Electric Cooperative

OrganizationLocationRevenue
Okanogan County Electric CooperativeWinthrop, WA$6,956,997
Black Hills Electric CooperativeCuster, SD$24,904,597
Otero County Electric Cooperative (OCEC)Cloudcroft, NM$35,254,461
Whetstone Valley Electric CooperativeMilbank, SD$11,362,354
Roseau Electric CooperativeRoseau, MN$20,847,676
Hill County Electric CooperativeHavre, MT$18,233,418
Adams Rural Electric CooperativeWest Union, OH$18,174,264
Graham County Electric CooperativePima, AZ$20,985,577
Copper Valley Electric AssociationGlennallen, AK$28,124,757
Central Texas Electric CooperativeFredericksburg, TX$70,828,639
Data update history
May 20, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 20, 2024
Updated personnel
Identified 2 new personnel
May 18, 2024
Used new vendors
Identified 1 new vendor, including
August 17, 2023
Updated personnel
Identified 1 new personnel
August 11, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Public utilitiesPublic sector nonprofits
Issues
No issues found
Characteristics
State / local level
General information
Address
612 W Des Moines St PO Box 534
Brooklyn, IA 52211
County
Poweshiek County, IA
Website URL
tiprec.com/ 
Phone
(641) 522-9221
IRS details
EIN
42-0557125
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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