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Osceola Electric Cooperative Inc

Organization summary

Type of Nonprofit

Designated as a Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Details

An independent audit commissioned by this organization for the fiscal year ending Dec. 2023 identified:

Material weakness in internal controls
Audit identified a deficiency in internal financial or governance controls that could limit the organization's ability to track and report financial data reliably. The deficiency could lead to failure to prevent or correct noncompliance with requirements.
Significant deficiency in internal controls
Audit identified a deficiency in internal financial or governance controls that could limit the organization's ability to track and report financial data reliably. The deficiency is less severe than a material weakness but warrants attention from management.

Summary charts: organization finances over time

Revenue
$8.86M (2023)

Expenses
$8.53M (2023)

Total Assets
$21.7M (2023)

Total Liabilities
$9.45M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,860,104
Expenses
$8,527,231
Net Income
$332,873
Net Assets
$12,277,495
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,787,198
99.2%
Investment Income $74,428
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$1,522
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $268,170
3.1%
Professional Fundraising Fees $0
Other Salaries and Wages $447,111
5.2%
Assets/Debt
Total Assets $21,723,724
Total Liabilities $9,446,229
Net Assets $12,277,495
Club or Co-Op Income
Income From Members $8,338,542
Income From Other Sources $138,228
Compensation
Key Employees and Officers Compensation Related Other
Jeff Tennapel (Executive Vp/General Manager) $156,630 $0 $95,347
Tommy Storey Jr (Line Foreman) $109,385 $0 $58,706
Dean Haspels (Secretary/Treasurer) $9,125 $0 $0
Terrence Clark (Vice President/President From 04/2023) $8,775 $0 $0
Adam Hoekstra (Director) $7,500 $0 $0
Derek Ackerman (Director/Vice President From 04/2023) $6,750 $0 $0
Steve Voss (Director) $4,500 $0 $0
Daniel Heilman (Director From 03/2023) $4,000 $0 $0
Ronald Jacobs (President Until 03/2023) $2,100 $0 $0
Douglas Roth (Director From 11/2023) $1,750 $0 $0
Edward Strouth (Director Until 10/2023) $1,250 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,017,092
Expenses
$6,652,728
Net Income
$364,364
Net Assets
$11,766,794
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,979,456
99.5%
Investment Income $41,689
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$4,053
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $242,426
3.6%
Professional Fundraising Fees $0
Other Salaries and Wages $427,910
6.4%
Assets/Debt
Total Assets $19,132,234
Total Liabilities $7,365,440
Net Assets $11,766,794
Club or Co-Op Income
Income From Members $6,824,841
Income From Other Sources $109,384
Compensation
Key Employees and Officers Compensation Related Other
Jeff Tennapel (Executive Vp/General Manager) $151,455 $0 $116,690
Tommy Storey Jr (Line Foreman) $105,933 $0 $69,103
Ronald Jacobs (President) $6,775 $0 $0
Derek Ackerman (Director) $4,250 $0 $0
Dean Haspels (Secretary/Treasurer) $4,225 $0 $0
Adam Hoekstra (Director) $4,000 $0 $0
Steve Voss (Director) $3,750 $0 $0
Edward Strouth (Director) $3,500 $0 $0
Terrence Clark (Vice President) $3,300 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,106,487
Expenses
$6,870,651
Net Income
$235,836
Net Assets
$11,179,359
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,085,343
99.7%
Investment Income $20,694
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $450
0.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $236,941
3.4%
Professional Fundraising Fees $0
Other Salaries and Wages $401,803
5.8%
Assets/Debt
Total Assets $18,189,667
Total Liabilities $7,010,308
Net Assets $11,179,359
Club or Co-Op Income
Income From Members $6,921,788
Income From Other Sources $20,694
Compensation
Key Employees and Officers Compensation Related Other
Jeff Tennapel Executive Vice (President/General Manager)) $145,736 $0 $116,619
Tommy Storey Jr (Line Foreman) $102,910 $0 $75,701
Dean Haspels (Secretary/Treasurer) $5,625 $0 $0
Ronald Jacobs (President) $5,350 $0 $0
Terrence Clark (Vice President) $4,925 $0 $0
Derek Ackerman (Director) $4,900 $0 $0
Adam Hoekstra (Director) $4,250 $0 $0
Steve Voss (Director) $4,075 $0 $0
Edward Strouth (Director) $3,100 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,879,803
Expenses
$6,692,639
Net Income
$187,164
Net Assets
$10,798,213
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,855,036
99.6%
Investment Income $26,886
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$2,119
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $230,606
3.4%
Professional Fundraising Fees $0
Other Salaries and Wages $379,746
5.7%
Assets/Debt
Total Assets $18,379,078
Total Liabilities $7,580,865
Net Assets $10,798,213
Club or Co-Op Income
Income From Members $6,770,525
Income From Other Sources $26,886
Compensation
Key Employees and Officers Compensation Related Other
Jeffery Ten Napel (General Manager) $141,137 $0 $103,970
Dean Haspels (Secretary/Treasurer From 04/2020) $6,725 $0 $0
Ronald Jacobs (Sec. And Trea./Pres. From 04/2020) $5,500 $0 $0
Terrence Clark (Vice President) $5,350 $0 $0
Adam Hoekstra (Director) $4,225 $0 $0
Derek Ackerman (Director From 03/2020) $3,825 $0 $0
Steve Voss (Director) $3,600 $0 $0
Edward Strouth (Director) $3,375 $0 $0
Joel Bosma (President Until 03/2020) $1,200 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,387,920
Expenses
$7,044,271
Net Income
$343,649
Net Assets
$10,466,661
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,339,945
99.4%
Investment Income $46,585
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $1,390
0.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $217,550
3.1%
Professional Fundraising Fees $0
Other Salaries and Wages $411,199
5.8%
Assets/Debt
Total Assets $17,347,723
Total Liabilities $6,881,062
Net Assets $10,466,661
Club or Co-Op Income
Income From Members $7,113,687
Income From Other Sources $94,991
Compensation
Key Employees and Officers Compensation Related Other
Jeffery Ten Napel (General Manager) $136,383 $0 $81,336
Joel Bosma (President) $5,550 $0 $0
Adam Hoekstra (Director) $5,275 $0 $0
Terrence Clark (Vice President) $5,050 $0 $0
Ronald Jacobs (Secretary/Treasurer) $3,750 $0 $0
Steve Voss (Director) $3,375 $0 $0
Dean Haspels (Director) $3,150 $0 $0
Edward Strouth (Director) $2,925 $0 $0
Kermit De Boom (Vice President (Left 2/19)) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,556,507
Expenses
$7,200,657
Net Income
$355,850
Net Assets
$9,748,661
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,533,289
99.7%
Investment Income $23,007
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $211
0.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $209,835
2.9%
Professional Fundraising Fees $0
Other Salaries and Wages $369,309
5.1%
Assets/Debt
Total Assets $16,864,431
Total Liabilities $7,115,770
Net Assets $9,748,661
Club or Co-Op Income
Income From Members $7,264,157
Income From Other Sources $95,866
Other
Provided first-class or charter travel
Compensation
Key Employees and Officers Compensation Related Other
Jeffery Ten Napel (General Manager) $131,105 $0 $94,813
Joel Bosma (President) $5,850 $0 $0
Kermit De Boom (Vice President) $4,950 $0 $0
Adam Hoekstra (Director) $4,700 $0 $0
Edward Strouth (Director) $3,575 $0 $0
Terrence Clark (Director) $3,450 $0 $0
Ronald Jacobs (Secretary/Treasurer) $3,225 $0 $0
Steve Voss (Director) $3,175 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,597,485
Expenses
$7,196,105
Net Income
$401,380
Net Assets
$8,967,879
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,567,232
99.6%
Investment Income $29,151
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $1,102
0.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $196,481
2.7%
Professional Fundraising Fees $0
Other Salaries and Wages $337,697
4.7%
Assets/Debt
Total Assets $16,248,021
Total Liabilities $7,280,142
Net Assets $8,967,879
Club or Co-Op Income
Income From Members $7,237,928
Income From Other Sources $96,833
Other
Provided first-class or charter travel
Compensation
Key Employees and Officers Compensation Related Other
Jeffery Ten Napel (General Manager) $126,392 $0 $84,122
Terrance Clark (Director) $4,200 $0 $0
Joel Bosma (President) $3,700 $0 $0
Adam Hoekstra (Director) $3,600 $0 $0
Kermit De Boom (Vice President) $3,425 $0 $0
Steve Voss (Director) $3,400 $0 $0
Ronald Jacobs (Secretary/Treasurer) $3,275 $0 $0
Edward Strouth (Director) $2,400 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,129,927
Expenses
$6,963,999
Net Income
$165,928
Net Assets
$8,035,213
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,113,997
99.8%
Investment Income $18,021
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$2,091
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $196,204
2.8%
Professional Fundraising Fees $0
Other Salaries and Wages $309,667
4.4%
Assets/Debt
Total Assets $15,821,689
Total Liabilities $7,786,476
Net Assets $8,035,213
Club or Co-Op Income
Income From Members $6,794,262
Income From Other Sources $77,971
Other
Provided first-class or charter travel
Compensation
Key Employees and Officers Compensation Related Other
Jeffery Ten Napel (General Manager) $120,815 $0 $76,195
Joel Bosma (President) $5,205 $0 $0
Ronald Jacobs (Secretary/Treasurer) $4,510 $0 $0
Kermit De Boom (Vice President) $4,200 $0 $0
Terrance Clark (Director) $4,060 $0 $0
Steve Voss (Director) $3,760 $0 $0
Adam Hoekstra (Director) $3,440 $0 $0
Ed Strouth (Director) $3,260 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,637,403
Expenses
$5,218,017
Net Income
$419,386
Net Assets
$7,160,164
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,620,350
99.7%
Investment Income $17,288
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales -$235
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $181,602
3.5%
Professional Fundraising Fees $0
Other Salaries and Wages $282,908
5.4%
Assets/Debt
Total Assets $17,821,880
Total Liabilities $10,661,716
Net Assets $7,160,164
Club or Co-Op Income
Income From Members $5,489,276
Income From Other Sources $71,429
Other
Provided first-class or charter travel
Compensation
Key Employees and Officers Compensation Related Other
Jeffery Ten Napel (General Manager) $115,512 $0 $73,413
Joel Bosma (Sec Treas Jan Mar; Pres Apr Dec) $3,900 $0 $0
Steve Voss (Director) $3,060 $0 $0
Ed Strouth (Director) $2,880 $0 $0
Adam Hoekstra (Director) $2,700 $0 $0
Ronald Jacobs (Dir Jan Mar; Sec Treas Apr Dec) $2,670 $0 $0
Kermit De Boom (Vice President) $2,520 $0 $0
Harold Krogman (Director Jan June) $1,875 $0 $0
Neal Consoer Through Mar (President) $1,335 $0 $0
Terrance Clark (Director) $720 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,900,349
Expenses
$5,495,732
Net Income
$404,617
Net Assets
$6,664,738
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,882,354
99.7%
Investment Income $17,407
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $588
0.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $175,321
3.2%
Professional Fundraising Fees $0
Other Salaries and Wages $228,364
4.2%
Assets/Debt
Total Assets $12,355,603
Total Liabilities $5,690,865
Net Assets $6,664,738
Club or Co-Op Income
Income From Members $5,784,904
Income From Other Sources $34,326
Other
Provided first-class or charter travel
Compensation
Key Employees and Officers Compensation Related Other
Jeffery Ten Napel (General Manager) $111,383 $0 $66,184
Neal Consoer (President) $3,875 $0 $0
Ed Strouth (Director) $3,240 $0 $0
Joel Bosma (Secretary/Treasurer) $3,105 $0 $0
Steve Voss (Director) $3,060 $0 $0
Kermit De Boom (Vice President) $2,955 $0 $0
Ronald Jacobs (Director) $2,340 $0 $0
Harold Krogman (Director) $2,160 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,932,849
Expenses
$5,326,868
Net Income
$605,981
Net Assets
$6,246,935
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,913,506
99.7%
Investment Income $18,824
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $519
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $129,348
2.4%
Professional Fundraising Fees $0
Other Salaries and Wages $262,839
4.9%
Assets/Debt
Total Assets $11,217,767
Total Liabilities $4,970,832
Net Assets $6,246,935
Club or Co-Op Income
Income From Members $5,634,710
Income From Other Sources $298,139
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Jeffery Ten Napel (General Manager) $104,243 $0 $0
Joel Bosma (Secretary / Treasurer) $4,030 $0 $0
Kermit De Boom (Vice President) $3,960 $0 $0
Harold Krogman (Director) $3,780 $0 $0
Ronald Jacobs (Director) $3,780 $0 $0
Neal Consoer (President) $3,695 $0 $0
Steve Voss (Director) $2,520 $0 $0
Ed Strouth (Director) $2,340 $0 $0
Jeff Krahling (President) $1,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,711,234
Expenses
$5,116,826
Net Income
$594,408
Net Assets
$5,640,954
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,698,321
99.8%
Investment Income $12,572
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $341
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $120,281
2.4%
Professional Fundraising Fees $0
Other Salaries and Wages $259,876
5.1%
Assets/Debt
Total Assets $10,260,645
Total Liabilities $4,619,691
Net Assets $5,640,954
Club or Co-Op Income
Income From Members $5,340,671
Income From Other Sources $370,563

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,200,713
Expenses
$4,702,436
Net Income
$498,277
Net Assets
$5,046,546
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,076,756
97.6%
Investment Income $14,827
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $109,130
2.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $110,299
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $9,119,850
Total Liabilities $4,073,304
Net Assets $5,046,546
Club or Co-Op Income
Income From Members $4,743,320
Income From Other Sources $447,191

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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