Central Iowa Power Cooperative

Cedar Rapids, IA
Tax-exempt since July 1951
EIN: 42-0652127

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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

$219M (2022)

Expenses

$217M (2022)

Total Assets

$891M (2022)

Total Liabilities

$667M (2022)

Source: Form 990 tax filings from 2013 to 2022

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.
2022

Revenue

$219,280,606

Expenses

$216,888,805

Net Income

$2,391,801

Net Assets

$223,503,531

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$212,285,267	96.8%
Investment Income	$1,273,238	0.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$551,699	0.3%
Net Fundraising	$0
Sales of Assets	$2,365,066	1.1%
Net Inventory Sales	$0
Other Revenue	$2,805,336	1.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,184,918	1.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$4,234,643	2.0%

Assets/Debt
Total Assets	$890,992,042
Total Liabilities	$667,488,511
Net Assets	$223,503,531

Club or Co-Op Income
Income From Members	$195,840,260
Income From Other Sources	$23,440,346

Compensation

Key Employees and Officers	Compensation	Related	Other
William Cherrier (Executive Vp/Ceo)	$452,029	$0	$32,071
Paul Hofman (Vp Information Technology)	$235,642	$0	$36,256
Andrew St John (Vp/Cfo)	$228,450	$0	$35,051
Daniel Burns (Vp Utility Operations)	$228,298	$0	$45,988
Kendra Graves (Vp Portfolio Strategy & Pl)	$214,384	$0	$38,562
Memorea Schrader (Vp Human Resources)	$186,547	$0	$20,455
Kerry Koonce (Vp Communications)	$170,672	$0	$31,574
Terry Fett (Engineering & Operations D)	$154,233	$0	$34,702
Michelle Soyer (Finance Director)	$146,042	$0	$33,526
Chad Miller (It Security & Compliance Officer)	$145,816	$0	$30,290
Samuel Stineman (Generation Assets Director)	$145,699	$0	$31,996
Rex Butler (Environmental Manager)	$139,323	$0	$30,974
Paul Heineman (Board President)	$47,288	$0	$0
Gary Kester (Board Director)	$38,800	$0	$0
Kirk Hiland (Board Director)	$35,640	$0	$0
Gene Manternach (Board Secretary/Treasurer)	$34,840	$0	$0
Dan Westphal (Board Vice President)	$27,030	$0	$0
Gary Mckenna (Board Director)	$26,200	$0	$0
Craig Stallman (Board Director)	$26,200	$0	$0
Duane Ver Ploeg (Board Asst Secretary/Treas)	$25,480	$0	$0
Steve Bireline (Board Director)	$21,960	$0	$0
Arden Greiner (Board Director)	$19,950	$0	$0
Duane Armstead (Board Director)	$17,920	$0	$0
Dale Walkup (Board Director)	$15,030	$0	$0
Randy Rouse (Board Director)	$0	$0	$0

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990

Filed on Nov. 9, 2023

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Audits

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

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Fiscal Year Ending Dec.
2021

Revenue

$189,203,690

Expenses

$199,425,740

Net Income

-$10,222,050

Net Assets

$233,490,382

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$182,808,902	96.6%
Investment Income	$1,774,332	0.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$534,887	0.3%
Net Fundraising	$0
Sales of Assets	$287,715	0.2%
Net Inventory Sales	$0
Other Revenue	$3,797,854	2.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,535,118	1.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$4,022,241	2.0%

Assets/Debt
Total Assets	$899,434,034
Total Liabilities	$665,943,652
Net Assets	$233,490,382

Club or Co-Op Income
Income From Members	$170,892,454
Income From Other Sources	$18,311,236

Compensation

Key Employees and Officers	Compensation	Related	Other
William Cherrier (Executive Vp/Ceo)	$436,008	$0	$36,998
Rand Fisher (President Of Iadg)	$344,940	$0	$39,939
Paul Hofman (Vp Information Technology)	$220,750	$0	$37,734
Daniel Burns (Vp Utility Operations)	$215,086	$0	$43,880
Andrew St John (Vp/Cfo)	$213,507	$0	$41,302
Dawn Sly Terpstra (Part Year Vp Member Relations)	$199,711	$0	$20,092
Kendra Graves (Vp Portfolio Strategy & Planning)	$194,696	$0	$36,451
Bruce Nuzum (Vp Finance Of Iadg)	$190,551	$0	$31,066
Memorea Schrader (Vp Human Resources)	$176,531	$0	$20,807
Terry Fett (Engineering & Operations Director)	$147,402	$0	$34,377
David Duncan (Resource Planning Consultant)	$144,059	$0	$27,861
Michelle Soyer (Controller)	$141,009	$0	$32,270
Kerry Koonce (Part Year Vp Member Relations)	$134,992	$0	$29,551
Paul Heineman (Board President)	$44,560	$0	$0
Gary Kester (Board Director)	$36,340	$0	$0
Dan Westphal (Board Vice President)	$33,740	$0	$0
Gene Manternach (Board Secretary/Treasurer)	$31,610	$0	$0
Randy Rouse (Board Director)	$30,020	$0	$0
Kirk Hiland (Board Director)	$29,750	$0	$0
Craig Stallman (Board Director)	$24,738	$0	$0
Gary Mckenna (Board Director)	$22,500	$0	$0
Steve Bireline (Board Director)	$21,650	$0	$0
Duane Ver Ploeg (Board Asst Secretary/Treas)	$19,890	$0	$0
Arden Greiner (Board Director)	$17,640	$0	$0
Dale Walkup (Board Director)	$16,370	$0	$0
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990

Filed on Nov. 14, 2022

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Audits

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

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Fiscal Year Ending Dec.
2020

Revenue

$189,808,864

Expenses

$181,170,871

Net Income

$8,637,993

Net Assets

$234,552,602

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$177,600,179	93.6%
Investment Income	$1,449,704	0.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$568,158	0.3%
Net Fundraising	$0
Sales of Assets	$8,342,197	4.4%
Net Inventory Sales	$0
Other Revenue	$1,848,626	1.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,064,224	1.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,846,039	2.1%

Assets/Debt
Total Assets	$870,566,563
Total Liabilities	$636,013,961
Net Assets	$234,552,602

Club or Co-Op Income
Income From Members	$169,463,390
Income From Other Sources	$20,345,474

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
William Cherrier (Executive Vp/Ceo)	$422,111	$0	$32,027
Rand Fisher (President Of Iadg)	$344,630	$0	$35,333
Andrew St John (Vp/Cfo)	$199,754	$0	$32,222
Paul Hofman (Vp Information Technology)	$197,686	$0	$33,833
Daniel Burns (Vp Utility Operations)	$197,354	$0	$40,604
Bruce Nuzum (Vp Finance Of Iadg)	$176,803	$0	$30,789
Memorea Schrader (Vp Human Resources)	$162,925	$0	$17,549
Dawn Sly Terpstra (Vp Member Relations)	$158,129	$0	$18,771
Kendra Graves (Vp Portfolio Strategy & Planning)	$155,699	$0	$30,638
Cheri Monahan (Growth Strategies Director)	$142,226	$0	$33,214
Chad Miller (It Security & Compliance Officer)	$141,880	$0	$27,502
Joseph Feld (System Operations Manager)	$141,878	$0	$30,677
Paul Heineman (Board President)	$30,060	$0	$0
Gary Kester (Board Director)	$26,030	$0	$0
Gene Manternach (Board Secretary/Treasurer)	$23,290	$0	$0
Marcel Fett (Board Director)	$22,490	$0	$0
Dan Westphal (Board Vice President)	$21,940	$0	$0
Duane Ver Ploeg (Board Asst Secretary/Treasurer)	$21,830	$0	$0
Dale Walkup (Board Director)	$20,130	$0	$0
Arden Greiner (Board Director)	$19,480	$0	$0
Allen Albers (Board Director)	$18,810	$0	$0
Duane Armstead (Board Director)	$18,530	$0	$0
Craig Stallman (Board Director)	$17,900	$0	$0
Kirk Hiland (Board Director)	$16,200	$0	$0
Randy Rouse (Board Director)	$3,300	$0	$0

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990

Filed on Nov. 10, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$191,715,419

Expenses

$190,044,874

Net Income

$1,670,545

Net Assets

$228,938,233

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$186,435,945	97.2%
Investment Income	$3,067,387	1.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$523,387	0.3%
Net Fundraising	$0
Sales of Assets	$233,948	0.1%
Net Inventory Sales	$0
Other Revenue	$1,454,752	0.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,083,498	1.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,673,037	1.9%

Assets/Debt
Total Assets	$800,491,864
Total Liabilities	$571,553,631
Net Assets	$228,938,233

Club or Co-Op Income
Income From Members	$177,798,696
Income From Other Sources	$13,916,723

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
William Cherrier (Executive Vp/Ceo)	$412,916	$0	$53,100
Rand Fisher (President Of Iadg)	$334,039	$0	$62,184
Paul Hofman (Vp Information Technology)	$185,694	$0	$56,908
Daniel Burns (Vp Utility Operations)	$182,986	$0	$62,450
Dawn Sly Terpstra (Vp Member Relations)	$176,266	$0	$30,845
Andrew St John (Vp/Cfo)	$175,405	$0	$33,017
Bruce Nuzum (Vp Finance Of Iadg)	$170,821	$0	$48,321
Memorea Schrader (Part Year Vp Human Resources)	$156,076	$0	$33,225
Dusky Terry (Part Year Vp Planning And Growth Strategies)	$141,171	$0	$38,042
Terry Fett (Director Engineering & Operations)	$137,903	$0	$37,396
David Duncan (Resource Planning Consultant)	$135,212	$0	$34,595
Paul Heineman (Board President)	$50,861	$0	$0
Gene Manternach (Board Asst Secretary/Treas)	$42,100	$0	$0
Gary Kester (Board Director)	$36,145	$0	$0
Dan Westphal (Board Vice President)	$32,010	$0	$0
Marcel Fett (Board Director)	$27,950	$0	$0
Dale Walkup (Board Director)	$24,670	$0	$0
Duane Ver Ploeg (Board Director)	$24,650	$0	$0
Randy Rouse (Board Director)	$24,560	$0	$0
Duane Armstead (Board Director)	$23,990	$0	$0
Nicholas Hammes (Part Year Director)	$23,810	$0	$0
Kirk Hiland (Part Year Director)	$21,790	$0	$0
Allen Albers (Board Secretary/Treasurer)	$20,130	$0	$0
Roger Krug (Part Year Director)	$15,230	$0	$0
Craig Stallman (Part Year Director)	$10,560	$0	$0
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990

Filed on Nov. 6, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$195,289,761

Expenses

$208,864,856

Net Income

-$13,575,095

Net Assets

$219,538,781

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$190,168,145	97.4%
Investment Income	$3,684,868	1.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$541,488	0.3%
Net Fundraising	$0
Sales of Assets	-$956,314
Net Inventory Sales	$0
Other Revenue	$1,851,574	0.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$3,181,146	1.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,438,583	1.6%

Assets/Debt
Total Assets	$803,787,652
Total Liabilities	$584,248,871
Net Assets	$219,538,781

Club or Co-Op Income
Income From Members	$182,089,771
Income From Other Sources	$13,199,990

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
William Cherrier (Executive Vp/Ceo)	$386,127	$0	$25,839
Rand Fisher (President Of Iadg)	$321,253	$0	$83,297
Dusky Terry (Vp Planning & Growth Strategies)	$194,995	$0	$56,540
Paul Hofman (Vp Information Technology)	$182,083	$0	$57,651
Andrew St John (Vp/Cfo)	$169,492	$0	$55,168
Bruce Nuzum (Vp Finance Of Iadg)	$163,546	$0	$49,491
Gary Slaby (Part Year Vp Utility Operations)	$162,321	$0	$45,167
Daniel Burns (Vp Utility Operations)	$160,993	$0	$54,067
Dawn Sly Terpstra (Vp Corporate Communications)	$156,660	$0	$14,343
David Kipp (Part Year Substation Electrician Foreman)	$153,009	$0	$27,170
Edward Dusheck (Part Year Systems Operations Manager)	$136,667	$0	$48,001
Janel Cerwick (Part Year Vp Human Capital)	$103,600	$0	$24,220
Paul Heineman (Board President)	$62,234	$0	$0
Gene Manternach (Board Director)	$30,680	$0	$0
Dan Westphal (Board Vice President)	$28,894	$0	$0
Gary Kester (Part Year Director)	$25,280	$0	$0
Dale Walkup (Board Director)	$24,590	$0	$0
Roger Krug (Board Director)	$24,380	$0	$0
Duane Armstead (Board Director)	$24,230	$0	$0
Randy Rouse (Board Director)	$24,134	$0	$0
Marcel Fett (Board Director)	$20,914	$0	$0
Duane Ver Ploeg (Board Director)	$20,524	$0	$0
Allen Albers (Board Secretary/Treasurer)	$20,480	$0	$0
Nicholas Hammes (Board Asst Secretary/Treasurer)	$16,960	$0	$0
Mark Wampler (Part Year Director)	$13,756	$0	$0
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990

Filed on Nov. 14, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$187,970,757

Expenses

$184,741,362

Net Income

$3,229,395

Net Assets

$235,605,494

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$183,216,677	97.5%
Investment Income	$4,319,770	2.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$485,806	0.3%
Net Fundraising	$0
Sales of Assets	-$1,807,834
Net Inventory Sales	$0
Other Revenue	$1,756,338	0.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,774,302	1.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,459,117	1.9%

Assets/Debt
Total Assets	$782,271,946
Total Liabilities	$546,666,452
Net Assets	$235,605,494

Club or Co-Op Income
Income From Members	$174,596,820
Income From Other Sources	$13,373,937

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
Dennis Murdock (Executive Vp/Ceo)	$373,663	$0	$84,368
Rand Fisher (President Of Iadg)	$309,892	$0	$80,426
Gary Slaby (Vp Utility Operations)	$181,452	$0	$50,100
Dusky Terry (Vp Growth Strategies)	$176,886	$0	$51,903
Janel Cerwick (Vp Human Capital)	$169,333	$0	$42,988
Paul Hofman (Vp Information Technology)	$169,323	$0	$53,159
Andrew St John (Vp/Cfo)	$161,670	$0	$33,572
Bruce Nuzum (Vp Finance Of Iadg)	$155,599	$0	$46,929
Kathe Breheny (Vp Corporate Communication)	$153,243	$0	$35,572
William Cherrier (Executive Vp/Ceo)	$87,652	$0	$3,882
Gene Manternach (Board Director)	$39,600	$0	$0
Paul Heineman (Board President)	$37,410	$0	$0
Pat Von Ahnen (Board Director)	$32,470	$0	$0
Dan Westphal (Board Vice President)	$31,620	$0	$0
Marcel Fett (Board Director)	$29,090	$0	$0
Nicholas Hammes (Board Asst Secretary/Treas)	$27,280	$0	$0
Dale Walkup (Board Director)	$26,890	$0	$0
Duane Armstead (Board Director)	$25,400	$0	$0
Duane Ver Ploeg (Board Director)	$23,830	$0	$0
Allan Duffe (Board Director)	$23,380	$0	$0
Allen Albers (Board Secretary/Treasurer)	$21,390	$0	$0
Roger Krug (Board Director)	$18,910	$0	$0
Randy Rouse (Board Director)	$15,420	$0	$0

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990

Filed on Nov. 12, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$191,419,923

Expenses

$178,348,403

Net Income

$13,071,520

Net Assets

$224,732,998

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$186,699,166	97.5%
Investment Income	$3,911,314	2.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$522,348	0.3%
Net Fundraising	$0
Sales of Assets	-$1,367,639
Net Inventory Sales	$0
Other Revenue	$1,654,734	0.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,607,637	1.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,412,226	1.9%

Assets/Debt
Total Assets	$768,476,695
Total Liabilities	$543,743,697
Net Assets	$224,732,998

Club or Co-Op Income
Income From Members	$178,769,706
Income From Other Sources	$12,650,217

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
Dennis Murdock (Executive Vp/Ceo)	$438,053	$0	$90,607
Rand Fisher (President Of Iadg)	$300,921	$0	$80,067
Gary Slaby (Vp Utility Operations)	$166,634	$0	$46,575
Janel Cerwick (Vp Human Capital)	$164,302	$0	$40,549
Paul Hofman (Vp Information Technology)	$163,300	$0	$51,867
Dusky Terry (Vp Growth Strategies)	$163,134	$0	$48,965
Kathe Breheny (Vp Corporate Communications)	$149,226	$0	$35,623
Bruce Nuzum (Vp Finance Of Iadg)	$146,866	$0	$45,717
Andrew St John (Vp/Cfo)	$137,734	$0	$16,005
Paul Heineman (Board President)	$39,215	$0	$5,180
Dan Westphal (Board Vice President)	$28,766	$0	$2,671
Nicholas Hammes (Board Asst Secretary/Treas)	$25,300	$0	$2,947
Gene Manternach (Board Director)	$22,975	$0	$5,374
Roger Krug (Board Director)	$22,700	$0	$2,087
Tom Carson (Board Director)	$22,525	$0	$1,419
Marcel Fett (Board Director)	$21,300	$0	$3,478
Duane Armstead (Board Director)	$20,400	$0	$2,218
Pat Von Ahnen (Board Director)	$18,900	$0	$3,956
Allen Albers (Board Secretary/Treasurer)	$17,400	$0	$2,694
Allan Duffe (Board Director)	$16,450	$0	$2,061
Duane Ver Ploeg (Board Director)	$14,312	$0	$2,854
Dale Walkup (Board Director)	$12,400	$0	$1,680
Randy Rouse (Board Director)	$0	$0	$230

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990

Filed on Sept. 8, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$188,429,113

Expenses

$181,386,098

Net Income

$7,043,015

Net Assets

$208,471,147

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$185,435,807	98.4%
Investment Income	$3,879,058	2.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$270,966	0.1%
Net Fundraising	$0
Sales of Assets	-$2,363,543
Net Inventory Sales	$0
Other Revenue	$1,206,825	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,468,363	1.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,657,765	2.0%

Assets/Debt
Total Assets	$732,116,735
Total Liabilities	$523,645,588
Net Assets	$208,471,147

Club or Co-Op Income
Income From Members	$178,182,985
Income From Other Sources	$10,246,129

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
Dennis Murdock (Executive Vp/Ceo)	$415,992	$0	$92,319
Rand Fisher (President Of Iadg)	$299,389	$0	$75,528
Richard Anderson (Vp Utility Operations)	$249,016	$0	$54,799
Jerry Barker (Vp Planning & Risk Mgmt)	$171,231	$0	$46,014
Dusky Terry (Vp Growth Strategies)	$161,073	$0	$42,218
Janel Cerwick (Vp Human Capital)	$160,323	$0	$39,906
Terry Sullivan (Vp/Cfo)	$160,231	$0	$50,122
Paul Hofman (Vp Information Technology)	$158,923	$0	$49,600
Marcel Fett (Board Asst Secretary/Treasurer)	$25,563	$0	$3,676
Gene Manternach (Board Director)	$23,825	$0	$4,274
Nicholas Hammes (Board Director)	$19,697	$0	$3,697
Paul Heineman (Board Director)	$19,138	$0	$3,901
Pat Vonahnen (Board Director)	$19,125	$0	$3,903
Duane Armstead (Board Vice President)	$17,475	$0	$2,179
Samuel Nichols (Board Secretary/Treasurer)	$15,350	$0	$1,351
Dan Westphal (Board Director)	$15,125	$0	$1,575
Allan Duffe (Board President)	$14,950	$0	$3,001
Allen Albers (Board Director)	$12,650	$0	$2,218
Roger Krug (Board Director)	$9,050	$0	$1,220
Dale Walkup (Board Director)	$8,650	$0	$1,774
Tom Carson (Board Director)	$6,600	$0	$1,712

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990

Filed on Nov. 15, 2016

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$194,979,526

Expenses

$183,490,591

Net Income

$11,488,935

Net Assets

$202,974,329

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$191,139,330	98.0%
Investment Income	$5,096,923	2.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$97,755	0.1%
Net Fundraising	$0
Sales of Assets	-$2,739,399
Net Inventory Sales	$0
Other Revenue	$1,384,917	0.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,760,227	1.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,939,650	1.6%

Assets/Debt
Total Assets	$708,845,564
Total Liabilities	$505,871,235
Net Assets	$202,974,329

Club or Co-Op Income
Income From Members	$183,155,942
Income From Other Sources	$11,823,584

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
Dennis Murdock (Executive Vp/Ceo)	$453,623	$0	$97,659
Richard Anderson (Vp Utility Operations)	$408,904	$0	$79,945
Rand Fisher (President Of Iadg)	$368,958	$0	$81,011
Terry Sullivan (Cfo/Assistant Vp)	$176,904	$0	$49,611
Jerry Barker (Vp Planning & Risk Mgmt)	$166,005	$0	$44,440
Dusky Terry (Vp Growth Strategies)	$157,966	$0	$41,790
Kathe Breheny (Vp Corporate Communication)	$157,449	$0	$36,531
Paul Hofman (Vp Information Technology)	$154,763	$0	$44,726
Allan Duffe (Board President)	$22,450	$0	-$780
Gene Manternach (Board Director)	$21,375	$0	$2,337
Dan Westphal (Board Director)	$20,075	$0	-$599
Marcel Fett (Board Asst. Secretary/Trea)	$19,338	$0	$5,886
Pat Von Ahnen (Board Director)	$17,750	$0	$4,006
Samuel Nichols (Board Secretary/Treasurer)	$17,013	$0	$1,443
Tom Carson (Board Director)	$16,141	$0	-$1,487
Nicholas Hammes (Board Director)	$16,013	$0	$3,365
Paul Heineman (Board Director)	$15,125	$0	$3,331
Roger Krug (Board Director)	$13,075	$0	$1,711
Dale Walkup (Board Vice President)	$13,000	$0	$1,718
Duane Armstead (Board Director)	$12,738	$0	$1,469
Allen Albers (Board Director)	$11,813	$0	$1,636

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990

Filed on Nov. 13, 2015

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$193,129,592

Expenses

$181,010,723

Net Income

$12,118,869

Net Assets

$186,866,433

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$189,845,955	98.3%
Investment Income	$4,866,418	2.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$101,159	0.1%
Net Fundraising	$0
Sales of Assets	-$2,869,163
Net Inventory Sales	$0
Other Revenue	$1,185,223	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,390,177	1.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,650,621	2.0%

Assets/Debt
Total Assets	$668,301,048
Total Liabilities	$481,434,615
Net Assets	$186,866,433

Club or Co-Op Income
Income From Members	$183,125,410
Income From Other Sources	$10,004,182

Provided first-class or charter travel

Compensation

Key Employees and Officers	Compensation	Related	Other
Dennis Murdock (Executive Vp/Ceo)	$370,875	$0	$86,254
Rand Fisher (President Of Iadg)	$250,614	$0	$64,459
Richard Anderson (Vp Utility Operations)	$215,459	$0	$50,146
Terry Sullivan (Cfo/Assistant Vp)	$155,140	$0	$48,455
Jerry Barker (Vp Planning & Risk Mgmt)	$149,048	$0	$44,068
Paul Hofman (Vp Information Technology)	$148,059	$0	$20,955
Patrick Murphy (Asst Vp/Dir Bus Dev)	$147,618	$0	$46,283
Janel Cerwick (Vp Human Capital)	$144,919	$0	$36,410
Kathe Breheny (Vp Corporate Communication)	$135,332	$0	$31,640
Samuel Nichols (Board Secretary/Treasurer)	$20,387	$0	$2,196
Tom Carson (Board Director)	$17,875	$0	-$12
Allan Duffe (Board President)	$17,125	$0	$5,242
Nicholas Hammes (Board Director)	$16,650	$0	$3,622
Marcel Fett (Board Asst. Secretary/Trea)	$16,425	$0	$5,082
Gene Manternach (Board Director)	$16,325	$0	$8,399
Paul Heineman (Board Director)	$14,225	$0	$5,513
Duane Armstead (Board Director)	$14,100	$0	$3,856
Pat Von Ahnen (Board Director)	$12,513	$0	$7,813
Dale Walkup (Board Vice President)	$12,113	$0	$3,651
Dan Westphal (Board Director)	$11,625	$0	$5,356
Roger Krug (Board Director)	$10,925	$0	$1,520
Allen Albers (Board Director)	$10,662	$0	$1,255

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990

Filed on Oct. 29, 2014

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

View Filing

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

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

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2004

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

990

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

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2003

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

990

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

PDF

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.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated April 24, 2024

Central Iowa Power Cooperative

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $219M (2022)

Expenses $217M (2022)

Total Assets $891M (2022)

Total Liabilities $667M (2022)

Tax Filings and Audits by Year

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audits

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Audits

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2012

Revenue

$219M (2022)

Expenses

$217M (2022)

Total Assets

$891M (2022)

Total Liabilities

$667M (2022)

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.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003