T I P Rural Electric Cooperative

Brooklyn, IA
Tax-exempt since Aug. 1939
EIN: 42-0557125

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Type of Nonprofit

Designated as a 501(c)(12) Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Revenue

$18M (2023)

Expenses

$17.6M (2023)

Total Assets

$56.9M (2023)

Total Liabilities

$28.9M (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

Revenue

$18,020,996

Expenses

$17,563,589

Net Income

$457,407

Net Assets

$27,977,711

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$16,598,549	92.1%
Investment Income	$433,768	2.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$988,679	5.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$538,746	3.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,011,077	11.5%

Assets/Debt
Total Assets	$56,894,586
Total Liabilities	$28,916,875
Net Assets	$27,977,711

Club or Co-Op Income
Income From Members	$16,818,642
Income From Other Sources	$1,332,720

Compensation

Key Employees and Officers	Compensation	Related	Other
Dean Huls (General Manager)	$161,713	$0	$41,178
Scott Long (Ceo/General Manager)	$142,688	$0	$50,617
Hunter Connelly (Operations Manager)	$110,956	$0	$34,202
Terry Kloppenburg (Cfo)	$109,724	$0	$48,090
Nathan Hopwood (It Manager)	$106,037	$0	$46,046
Cole Calkins (Staking Technician/Member Service)	$105,687	$0	$47,286
Joseph Kriegel (Line Foreman)	$105,442	$0	$41,674
Daniel Roller (Journeyman Lineman)	$102,594	$0	$40,677
Ronald Hoffman (Secretary/Treasurer)	$16,129	$0	$25
Gene Von Ahsen (President)	$15,654	$0	$34
Jerry Henning (Assistant Secretary)	$14,881	$0	$34
Lisa Tichy (Director)	$14,526	$0	$34
David Lee King (Director)	$13,994	$0	$25
James De Smet (Director)	$13,639	$0	$29
Arianne Axmear (Vice President)	$13,493	$0	$34
Randy Upah (Director)	$11,686	$0	$34
Craig Stallman (Director)	$10,621	$0	$34

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990

Filed on April 16, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$17,059,790

Expenses

$17,010,678

Net Income

$49,112

Net Assets

$27,210,692

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$16,403,257	96.2%
Investment Income	$236,555	1.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$419,978	2.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$393,977	2.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,062,325	12.1%

Assets/Debt
Total Assets	$57,344,467
Total Liabilities	$30,133,775
Net Assets	$27,210,692

Club or Co-Op Income
Income From Members	$16,670,252
Income From Other Sources	$565,712

Compensation

Key Employees and Officers	Compensation	Related	Other
Dean Huls (General Manager)	$188,611	$0	$49,609
Terry Kloppenburg (Financial Manager)	$111,992	$0	$45,141
Scott Long (Operations Manager)	$110,640	$0	$40,234
Nathan Hopwood (It Manager)	$105,028	$0	$42,598
Cole Calkins (Staking Technician/Member)	$104,815	$0	$43,678
Gene Von Ahsen (President)	$21,333	$0	$34
Ronald Hoffman (Secretary/Treasurer)	$21,098	$0	$25
Randy Upah (Director)	$19,673	$0	$34
Arianne Axmear (Vice President)	$18,963	$0	$34
Jerry Henning (Assistant Secretary)	$16,834	$0	$34
David Lee King (Director)	$16,124	$0	$25
James De Smet (Director)	$15,236	$0	$29
Craig Stallman (Director)	$12,751	$0	$34
James Hines (Director Part Year)	$9,507	$0	$25
Lisa Tichy (Director)	$3,955	$0	$5

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990

Filed on March 29, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$15,915,844

Expenses

$15,273,437

Net Income

$642,407

Net Assets

$26,820,445

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$15,161,819	95.3%
Investment Income	$91,319	0.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$662,706	4.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$341,317	2.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,946,066	12.7%

Assets/Debt
Total Assets	$46,250,322
Total Liabilities	$19,429,877
Net Assets	$26,820,445

Club or Co-Op Income
Income From Members	$15,468,030
Income From Other Sources	$668,743

Compensation

Key Employees and Officers	Compensation	Related	Other
Dean Huls (General Manager)	$178,642	$0	$46,104
Scott Long (Operations Manager)	$110,038	$0	$38,552
Terry Kloppenburg (Financial Manager)	$104,901	$0	$41,994
Cole Calkins (Staking Technician/Member)	$102,640	$0	$41,353
Nathan Hopwood (It Mananger)	$100,163	$0	$41,473
Ronald Hoffman (Secretary/Treasurer)	$14,531	$0	$25
Arianne Axmear (Vice President)	$14,171	$0	$34
Gene Von Ahsen (President)	$13,661	$0	$34
Randy Upah (Director)	$13,284	$0	$34
Jerry Henning (Assistant Secretary)	$12,795	$0	$34
James Hines (Director)	$12,396	$0	$29
David Lee King (Director)	$12,259	$0	$25
James De Smet (Director)	$11,864	$0	$29
Craig Stallman (Director)	$11,331	$0	$34

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990

Filed on April 1, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Audit

Audit for an entity that spends $750,000+ in federal grant money in a fiscal year

PDF

This audit found:

Significant deficiency in internal controls

Fiscal Year Ending Dec.
2020

Revenue

$16,438,613

Expenses

$15,591,208

Net Income

$847,405

Net Assets

$25,908,250

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$14,978,482	91.1%
Investment Income	$116,489	0.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,343,642	8.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$343,345	2.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,027,827	13.0%

Assets/Debt
Total Assets	$45,709,658
Total Liabilities	$19,801,408
Net Assets	$25,908,250

Club or Co-Op Income
Income From Members	$15,517,114
Income From Other Sources	$1,393,123

Compensation

Key Employees and Officers	Compensation	Related	Other
Dean Huls (General Manager)	$188,667	$0	$42,771
Scott Long (Operations Manager)	$111,407	$0	$35,392
Terry Kloppenburg (Financial Manager)	$107,754	$0	$38,974
Cole Calkins (Staking Technician/Member Service)	$102,931	$0	$38,096
Joseph Kriegel (Line Foreman)	$101,624	$0	$33,307
Nyle Kleine (Lineman)	$101,304	$0	$26,263
Ronald Hoffman (Secretary/Treasurer)	$14,176	$0	$25
Arianne Axmear (Vice President)	$13,994	$0	$34
David Lee King (Director)	$12,991	$0	$25
James Hines (Director)	$12,574	$0	$29
Gene Von Ahsen (President)	$12,041	$0	$34
James De Smet (Director)	$11,864	$0	$29
Craig Stallman (Director)	$10,976	$0	$34
Randy Upah (Director)	$10,976	$0	$34
H Jack Wilkinson (Director Part Year)	$8,264	$0	$25
Jerry Henning (Assistant Secretary)	$3,777	$0	$5

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990

Filed on May 3, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$16,910,735

Expenses

$15,787,200

Net Income

$1,123,535

Net Assets

$24,755,779

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$15,837,030	93.7%
Investment Income	$144,162	0.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$69,051	0.4%
Net Inventory Sales	$0
Other Revenue	$860,492	5.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$314,943	2.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,924,688	12.2%

Assets/Debt
Total Assets	$44,000,851
Total Liabilities	$19,245,072
Net Assets	$24,755,779

Club or Co-Op Income
Income From Members	$16,063,511
Income From Other Sources	$994,810

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2018

Revenue

$16,734,175

Expenses

$15,737,733

Net Income

$996,442

Net Assets

$23,026,032

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$15,809,450	94.5%
Investment Income	$121,038	0.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$29,582	0.2%
Net Inventory Sales	$0
Other Revenue	$774,105	4.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$118,137	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,834,451	11.7%

Assets/Debt
Total Assets	$41,706,172
Total Liabilities	$18,680,140
Net Assets	$23,026,032

Club or Co-Op Income
Income From Members	$16,129,756
Income From Other Sources	$845,932

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Revenue

$16,872,009

Expenses

$15,406,906

Net Income

$1,465,103

Net Assets

$22,029,375

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$15,849,665	93.9%
Investment Income	$90,910	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$931,434	5.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$347,372	2.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,759,677	11.4%

Assets/Debt
Total Assets	$40,233,704
Total Liabilities	$18,204,329
Net Assets	$22,029,375

Club or Co-Op Income
Income From Members	$16,041,978
Income From Other Sources	$954,813

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Revenue

$17,064,581

Expenses

$15,839,459

Net Income

$1,225,122

Net Assets

$20,564,322

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$16,006,982	93.8%
Investment Income	$93,367	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$5,990	0.0%
Net Inventory Sales	$0
Other Revenue	$958,242	5.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$317,740	2.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,862,976	11.8%

Assets/Debt
Total Assets	$39,098,375
Total Liabilities	$18,534,053
Net Assets	$20,564,322

Club or Co-Op Income
Income From Members	$16,221,781
Income From Other Sources	$986,569

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$16,356,803

Expenses

$15,975,973

Net Income

$380,830

Net Assets

$19,340,780

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$16,072,657	98.3%
Investment Income	$113,565	0.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$540,700
Net Inventory Sales	$0
Other Revenue	$711,281	4.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$311,956	2.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,923,049	12.0%

Assets/Debt
Total Assets	$38,066,692
Total Liabilities	$18,725,912
Net Assets	$19,340,780

Club or Co-Op Income
Income From Members	$16,225,392
Income From Other Sources	$758,504

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$19,032,089

Expenses

$16,105,821

Net Income

$2,926,268

Net Assets

$18,959,835

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,501,659	7.9%
Program Services	$16,376,701	86.0%
Investment Income	$115,708	0.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,038,021	5.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$277,283	1.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,787,850	11.1%

Assets/Debt
Total Assets	$37,299,527
Total Liabilities	$18,339,692
Net Assets	$18,959,835

Club or Co-Op Income
Income From Members	$16,595,355
Income From Other Sources	$1,078,878

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$18,823,895

Expenses

$15,834,732

Net Income

$2,989,163

Net Assets

$17,535,156

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,868,885	9.9%
Program Services	$16,067,107	85.4%
Investment Income	$154,299	0.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$733,604	3.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$359,516	2.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,621,444	10.2%

Assets/Debt
Total Assets	$36,324,509
Total Liabilities	$18,789,353
Net Assets	$17,535,156

Club or Co-Op Income
Income From Members	$16,256,958
Income From Other Sources	$700,646

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$16,633,231

Expenses

$15,692,617

Net Income

$940,614

Net Assets

$16,414,768

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$15,736,836	94.6%
Investment Income	$153,005	0.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$29,263	0.2%
Net Inventory Sales	$0
Other Revenue	$714,127	4.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$482,281	3.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,549,747	9.9%

Assets/Debt
Total Assets	$33,732,026
Total Liabilities	$17,317,258
Net Assets	$16,414,768

Club or Co-Op Income
Income From Members	$15,813,408
Income From Other Sources	$1,791,024

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$15,275,924

Expenses

$14,973,873

Net Income

$302,051

Net Assets

$15,473,994

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$14,803,925	96.9%
Investment Income	$169,701	1.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$8,544	0.1%
Net Inventory Sales	$0
Other Revenue	$293,754	1.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$258,559	1.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,622,992	10.8%

Assets/Debt
Total Assets	$32,718,160
Total Liabilities	$17,244,166
Net Assets	$15,473,994

Club or Co-Op Income
Income From Members	$14,885,458
Income From Other Sources	$487,408

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 »

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T I P Rural Electric Cooperative

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $18M (2023)

Expenses $17.6M (2023)

Total Assets $56.9M (2023)

Total Liabilities $28.9M (2023)

Tax Filings and Audits by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audit

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2010

Revenue

$18M (2023)

Expenses

$17.6M (2023)

Total Assets

$56.9M (2023)

Total Liabilities

$28.9M (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004