T I P Rural Electric Cooperative

Organization Overview

T I P Rural Electric Cooperative is located in Brooklyn, IA. The organization was established in 1939. 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 12/2022, T I P Rural Electric Cooperative employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. T I P 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 12/2022, T I P Rural Electric Cooperative generated $17.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $17.0m during the year ending 12/2022. While expenses have increased by 0.8% per year over the past 8 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDING ELECTRIC SERVICE TO 5,039 MEMBERS (6,553 ACCOUNTS)

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE COOPERATIVE SOLD 148,489,757 KILOWATT HOURS OF ELECTRIC ENERGY TO ITS 5,039 MEMBER CONSUMERS DURING 2022 FOR RECORDED PROGRAM SERVICE REVENUE OF $16,403,258. THIS REPRESENTS 96% OF THE TOTAL REVENUE FOR THE COOPERATIVE FOR CALENDAR YEAR 2022.


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Board, Officers & Key Employees

Name (title)Compensation
Dean Huls
General Manager
$188,611
Terry Kloppenburg
Financial Manager
$111,992
Scott Long
Operations Manager
$110,640
Nathan Hopwood
It Manager
$105,028
Cole Calkins
Staking Technician/member
$104,815
Gene Von Ahsen
President
$21,333

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Martin Gardner Architecture
Construction
$664,188
Merit Construction Company
Construction
$224,427
Schrader Excavating & Grading
Construction
$215,025
Sbs Inspections Inc
Pole Testing & Treating
$102,993
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$16,403,257
Investment income $236,555
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $17,059,790

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