Nishnabotna Valley Rural Electric Cooperative

Organization Overview

Nishnabotna Valley Rural Electric Cooperative is located in Harlan, IA. The organization was established in 1940. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Nishnabotna Valley Rural Electric Cooperative employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nishnabotna Valley Rural Electric Cooperative is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.

For the year ending 12/2021, Nishnabotna Valley Rural Electric Cooperative generated $17.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $16.9m during the year ending 12/2021. While expenses have increased by 0.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE SAFE AND RELIABLE ELECTRIC SERVICES TO OUR MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED 170,998,665 KWH OF ELECTRICITY TO APPROXIMATELY 2,571 MEMBERS, WHILE MAINTAINING SYSTEM RELIABILITY AS A WHOLE.


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Board, Officers & Key Employees

Name (title)Compensation
Jesse Lee
Lineman Foreman
$100,691
Kara Meiners
Accountant
$62,398
Darrell Stamp
President
$6,575
Donna Olson
Director
$6,125
Gene Kenkel
Vice President
$5,675
Galen Grabill
Director
$5,400

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Enovus Management Coop
Management Services
$424,678
Schraeder Electric Llc
Contractor
$411,856
Loosbrock Digging Service Inc
Contractor
$343,224
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$17,825,035
Investment income $23,688
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $8,250
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$58,560
Miscellaneous Revenue$0
Total Revenue $17,798,413

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