EIN 42-0557125

Tip Rural Electric Cooperative

IRS 501(c) type
501(c)(12)
Num. employees
33
City
Brooklyn
State
Year formed
1938
Most recent tax filings
2022-12-01
NTEE code, primary
Description
Tip Rural Electric Cooperative provides electric service to 5,039 members through 6,553 accounts. Its mission is to offer safe and reliable electricity at competitive costs while pursuing excellence in technology, service, and member relations for the benefit of its members and communities. In 2022, the cooperative sold 148,489,757 kilowatt hours of electric energy to its consumers, generating a recorded program service revenue of $16,403,258 – representing up to 96% of total revenue.
Total revenues
$17,059,790
2022
Total expenses
$17,010,678
2022
Total assets
$57,344,467
2022
Num. employees
33
2022

Program areas at Tip Rural Electric Cooperative

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.

Personnel at Tip Rural Electric Cooperative

NameTitleCompensation
Dean HulsGeneral Manager$188,611
Scott LongOperations Manager$110,640
Terry KloppenburgFinancial Manager$111,992
Nathan HopwoodIt Manager$105,028
Cole CalkinsStaking Technician and Member$104,815
...and 5 more key personnel

Financials for Tip Rural Electric Cooperative

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$16,403,257
Investment income and dividends$236,555
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$419,978
Total revenues$17,059,790

Form 990s for Tip Rural Electric Cooperative

Fiscal year endingDate received by IRSFormPDF link
2022-122023-03-29990View PDF
2021-122022-04-01990View PDF
2020-122021-05-03990View PDF
2019-122021-04-28990OView PDF
2018-122019-07-31990OView PDF
...and 8 more Form 990s

Organizations like Tip Rural Electric Cooperative

OrganizationLocationRevenue
Union County Electric CooperativeElk Point, SD$4,946,083
Ark Valley Electric CooperativeHutchinson, KS$15,570,728
Guthrie County Rural Electric Cooperative AssociationGuthrie Center, IA$16,347,009
Sangre de Cristo Electric AssociationBuena Vista, CO$22,796,284
Logan County Cooperative Power and Light AssociationBellefontaine, OH$6,746,775
Southwest Texas Electric CooperativeEldorado, TX$31,976,695
High West EnergyPine Bluffs, WY$68,151,624
San Patricio Electric CooperativeSinton, TX$33,604,198
Otsego Electric CooperativeHartwick, NY$12,788,571
Barry Electric CooperativeCassville, MO$22,131,992
Data update history
August 17, 2023
Updated personnel
Identified 1 new personnel
August 11, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 15, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 13, 2023
Updated personnel
Identified 2 new personnel
June 9, 2023
Used new vendors
Identified 4 new vendors, including , , , and
Nonprofit Types
Public utilitiesPublic sector nonprofits
Issues
No issues found
Characteristics
State / local level
General information
Address
612 W Des Moines St PO Box 534
Brooklyn, IA 52211
County
Poweshiek County, IA
Website URL
tiprec.com/ 
Phone
(641) 522-9221
IRS details
EIN
42-0557125
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1938
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W80: Public Utilities
NAICS code, primary
2211: Electric Power Generation, Transmission, and Distribution Establishments
Parent/child status
Independent
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