Decorah Power
- Assets
- $1.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Decorah, IA
- Founding
- 09/2017
- Data as of
- 12/2018
- EIN
- 81-5482936
Organization Overview
Decorah Power is located in Decorah, IA. The organization was established in 2017. According to its NTEE Classification (V21) the organization is classified as: Anthropology & Sociology, under the broad grouping of Social Science and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Decorah Power is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2018, Decorah Power generated $81.5k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $96.1k during the year ending 12/2018. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2018
Describe the Organization's Program Activity:
Part 3
EXPLORE THE POSSIBILITY OF ESTABLISHING A MUNICIPAL ELECTRIC UTILITY IN DECORAH AND TO CONTINUE TO EDUCATE THE COMMUNITY ABOUT THE BENEFITS OF PUBLIC POWER AND TO ADDRESS CONCERNS RAISED ABOUT EMERGENCY RESPONSE, FINANCIAL IMPACT, AND OTHER ASPECTS OF MUNICIPALIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Wagner Vice President | 0 | $0 | |
Larry Grimstad President | 0 | $0 | |
Andy Johnson Treasurer | 0 | $0 | |
Joel Zook Secretary | 0 | $0 | |
Lissa Blake Director | 0 | $0 | |
John Dambek Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $81,528 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $81,528 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $64,595 |
| Occupancy, rent, utilities, and maintenance | $638 |
| Printing, publications, postage, and shipping | $2,390 |
| Other expenses | $28,438 |
| Total expenses | $96,061 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,268 |
| Other assets | $0 |
| Total assets | $1,268 |
| Total liabilities | $1 |
| Net assets or fund balances | $1,267 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For Ecumenical & Cultural Research Collegeville, MN | $17,725,955 | $1,756,332 |
Decorah Power Decorah, IA | $1,268 | $0 |
Rudolf Steiner Group Of Anthroposophical Chicago, IL | $363,749 | $60,619 |
Plains Anthropological Society Lincoln, NE | $353,381 | $0 |
Missouri Archaeological Society Inc University Of Missouri Springfield, MO | $340,632 | $93,990 |