Eastern Iowa Light And Power Cooperative

Organization Overview

Eastern Iowa Light And Power Cooperative is located in Wilton, IA. The organization was established in 1937. 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 12/2023, Eastern Iowa Light And Power Cooperative employed 98 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eastern Iowa Light And Power 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 12/2023, Eastern Iowa Light And Power Cooperative generated $68.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $66.4m during the year ending 12/2023. While expenses have increased by 0.6% per year over the past 5 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

2023

Describe the Organization's Mission:

Part 3 - Line 1

PROVISION OF ELECTRICITY TO MEMBERS ON THE COOPERATIVE BASIS

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVISION OF ELECTRICITY TO COOPERATIVE MEMBER-CONSUMERS. DURING 2023, A TOTAL OF 24,075 ACCOUNTS CONSUMED 576,404,000 KWH OF ELECTRICITY. THE COOPERATIVE OWNS, MAINTAINS, AND OPERATES 4,677 MILES OF RURAL DISTRIBUTION LINES. THE COOPERATIVE PROVIDES SERVICE TO 18,700 INDIVIDUAL MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Kathy Wunderlich
President
$15,482
Kenneth Purdy
Vice President
$14,421
Kurt Olson
Secretary
$14,282
Mike Bixler
Treasurer
$15,832
Henry Bentley
Asst. Secretary
$13,632
Joel Carstensen
Director
$13,632

Outside Vendors & Contractors

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$1,306,531
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Construction Services
$565,826
J&r Underground Llc
Construction Services
$685,327
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$456,790
J Holst Construction
Construction Services
$142,560
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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$64,648,639
Investment income $102,777
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $10,249
Net Gain/Loss on Asset Sales $135,083
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $68,261,552

Peer Organizations

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Iowa Lakes Electric Cooperative
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Jo-Carrol Energy Inc Nfp
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Eastern Iowa Light And Power Cooperative
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Rock County Electric Cooperative Association
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Southwestern Electric Cooperative Inc
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