Woodbury Co Rural Electric Cooperative

Organization Overview

Woodbury Co Rural Electric Cooperative is located in Moville, 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 12/2021, Woodbury Co Rural Electric Cooperative employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Woodbury Co 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, Woodbury Co Rural Electric Cooperative generated $9.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $9.2m during the year ending 12/2021. While expenses have increased by 0.5% 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

THE COOPERATIVE STRIVES TO DELIVER SAFE, RELIABLE, AND ENVIRONMENTALLY RESPONSIBLE ELECTRICAL POWER USING SOUND ECONOMIC PRACTICES TO IT'S MEMBER-CONSUMERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE COOPERATIVE MAINTAINS AND OPERATES ELECTRICAL DISTRIBUTION LINES TO ITS MEMBER CONSUMERS IN IOWA. THE COOPERATIVE CURRENTLY PROVIDES ELECTRICITY TO 3,776 SERVICES THROUGH A DISTRIBUTION NETWORK OF APPROXIMATELY 1,138 MILES OF LINE.


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Board, Officers & Key Employees

Name (title)Compensation
Kent Amundson
General Manager/ceo
$147,322
Nathan Bauer
Director Of Operations
$103,191
Ronald Steinhoff
President
$9,600
Chris Countryman
Secretary
$7,800
Tom Morgan
Director
$7,200
Ronald Bohle
Vice President
$6,600

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $231,100
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$231,100
Total Program Service Revenue$9,543,241
Investment income $15,751
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 $9,963
Miscellaneous Revenue$0
Total Revenue $9,801,005

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