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Iowa Association Of Electric Cooperatives

  • Des Moines, IA
  • Tax-exempt since Nov. 1943
  • EIN: 42-0662488

Organization summary

Type of Nonprofit

Designated as a Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$5.7M (2023)

Expenses
$5.29M (2023)

Total Assets
$3.5M (2023)

Total Liabilities
$819k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings 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.

Fiscal Year Ending Aug.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,701,069
Expenses
$5,287,202
Net Income
$413,867
Net Assets
$2,677,554
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,630,727
98.8%
Investment Income $37,368
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $16,200
0.3%
Net Fundraising $0
Sales of Assets $16,774
0.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $496,709
9.4%
Professional Fundraising Fees $0
Other Salaries and Wages $1,312,912
24.8%
Assets/Debt
Total Assets $3,496,705
Total Liabilities $819,151
Net Assets $2,677,554
Compensation
Key Employees and Officers Compensation Related Other
Charles Soderberg (Executive V.P./General Man) $306,166 $0 $76,019
Regi Goodale (Director Regulatory Affa) $224,872 $0 $43,673
Tim Falk (Director Benefits) $160,610 $0 $60,907
Kevin Condon (Director Govt Relations) $153,365 $0 $63,190
Scott Meineke (Director Safety) $141,230 $0 $45,973
Roger Solomonson (President) $18,125 $0 $0
Jim Miller (Director) $13,825 $0 $0
Deena Moore (Assistant Secretary/Treasurer) $12,163 $0 $0
Kenneth Vandenberg (Secretary/Treasurer) $10,913 $0 $0
Gordon Greimann (Vice President) $10,850 $0 $0
Tony Lem (Director) $9,887 $0 $0
Marion Denger (Nreca Director) $8,050 $0 $0
Bruce Amundson (Director) $875 $0 $0
Kevin Wheeler (Manager's Representative) $0 $0 $0
+ View more people

Document Links

990
Filed on April 22, 2024

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

View Filing
XML

Fiscal Year Ending Aug.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,266,125
Expenses
$5,217,286
Net Income
$48,839
Net Assets
$2,226,008
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,192,345
98.6%
Investment Income $28,043
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $15,750
0.3%
Net Fundraising $0
Sales of Assets $29,987
0.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $470,716
9.0%
Professional Fundraising Fees $0
Other Salaries and Wages $1,388,648
26.6%
Assets/Debt
Total Assets $2,896,267
Total Liabilities $670,259
Net Assets $2,226,008
Compensation
Key Employees and Officers Compensation Related Other
Charles Soderberg (Executive V.P./General Man) $284,431 $0 $80,942
Regi Goodale (Director Regulatory Affa) $222,578 $0 $81,552
Tim Falk (Director Benefits) $148,957 $0 $65,321
Kevin Condon (Director Govt Relations) $148,426 $0 $60,341
Scott Meineke (Director Safety) $124,189 $0 $55,020
Steve Seidl (President) $14,075 $0 $0
Roger Solomonson (Secretary/Treasurer) $12,112 $0 $0
Don Shonka (Vice President) $10,675 $0 $0
Kenneth Vandenberg (Director) $10,500 $0 $0
Neal Heldt (Director) $9,800 $0 $0
Gordon Greimann (Director) $8,837 $0 $0
Marion Denger (Nreca Director) $6,300 $0 $0
Darrell Jensen (Assistant Secretary/Treasu) $5,513 $0 $0
Brian Krambeer (Manager's Representative) $0 $0 $0
+ View more people

Document Links

990
Filed on July 17, 2023

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

View Filing
XML

Fiscal Year Ending Aug.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,832,262
Expenses
$4,458,115
Net Income
$374,147
Net Assets
$2,459,673
Notable Sources of Revenue Percent of Total Revenue
Contributions $80,000
1.7%
Program Services $4,663,812
96.5%
Investment Income $22,400
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $15,600
0.3%
Net Fundraising $0
Sales of Assets $50,450
1.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $432,278
9.7%
Professional Fundraising Fees $0
Other Salaries and Wages $1,372,277
30.8%
Assets/Debt
Total Assets $3,143,599
Total Liabilities $683,926
Net Assets $2,459,673
Compensation
Key Employees and Officers Compensation Related Other
Charles Soderberg (Executive V.P./General Man) $284,431 $0 $73,796
Regi Goodale (Director Regulatory Affa) $222,578 $0 $81,122
Tim Falk (Director Benefits) $148,956 $0 $60,914
Kevin Condon (Director Govt Relations) $148,426 $0 $58,998
Scott Meinecke (Director Safety) $124,189 $0 $45,794
Steve Seidl (President) $13,050 $0 $0
Roger Solomonson (Secretary/Treasurer) $12,337 $0 $0
Kenneth Vandenberg (Director) $10,825 $0 $0
Don Shonka (Vice President) $8,488 $0 $0
Neal Heldt (Director) $8,488 $0 $0
Darrell Jensen (Assistant Secretary/Treasurer) $8,412 $0 $0
Gordon Greimann (Director) $7,875 $0 $0
Marion Denger (Nreca Director) $6,037 $0 $0
Brian Krambeer (Manager's Representative) $0 $0 $0
+ View more people

Document Links

990
Filed on Jan. 31, 2022

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

View Filing
XML

Fiscal Year Ending Aug.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,662,460
Expenses
$4,457,616
Net Income
$204,844
Net Assets
$2,244,554
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,600,562
98.7%
Investment Income $28,344
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $15,600
0.3%
Net Fundraising $0
Sales of Assets $17,954
0.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $421,638
9.5%
Professional Fundraising Fees $0
Other Salaries and Wages $1,313,813
29.5%
Assets/Debt
Total Assets $2,799,022
Total Liabilities $554,468
Net Assets $2,244,554
Compensation
Key Employees and Officers Compensation Related Other
Charles Soderberg (Executive V.P./General Man) $255,059 $0 $72,136
Regi Goodale (Director Regulatory Affa) $206,191 $0 $67,100
Kevin Condon (Director Govt Relations) $136,921 $0 $53,129
Tim Falk (Director Benefits) $132,974 $0 $58,672
John Dvorak (Director Safety) $130,863 $0 $38,844
Steve Seidl (President) $15,800 $0 $0
Neal Heldt (Director) $11,725 $0 $0
Kenneth Vandenberg (Director) $11,025 $0 $0
Roger Solomonson (Secretary/Treasurer) $10,763 $0 $0
Darrell Jensen (Asst Secretary/Treasurer) $10,213 $0 $0
Don Shonka (Vice President) $9,625 $0 $0
Gordon Greimann (Director) $9,625 $0 $0
Marion Denger (Nreca Director) $7,525 $0 $0
Jeff Ten Napel (Manager's Representative) $0 $0 $0
+ View more people

Document Links

990
Filed on Jan. 25, 2021

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

View Filing
XML

Fiscal Year Ending Aug.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,719,922
Expenses
$4,594,566
Net Income
$125,356
Net Assets
$2,087,518
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,647,077
98.5%
Investment Income $35,246
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $11,950
0.3%
Net Fundraising $0
Sales of Assets $25,649
0.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $407,016
8.9%
Professional Fundraising Fees $0
Other Salaries and Wages $1,241,342
27.0%
Assets/Debt
Total Assets $2,638,120
Total Liabilities $550,602
Net Assets $2,087,518
Compensation
Key Employees and Officers Compensation Related Other
Charles Soderberg (Executive V.P./General Man) $244,937 $0 $59,365
Regi Goodale (Director Regulatory Affa) $199,381 $0 $65,553
Tim Falk (Director Benefits) $131,087 $0 $36,606
Kevin Condon (Director Govt Relations) $128,750 $0 $38,136
John Dvorak (Director Safety) $127,240 $0 $27,367
Steve Seidl (President) $16,888 $0 $0
Roger Solomonson (Part Year Secretary/Treasurer) $15,125 $0 $0
Darrell Jensen (Assistant Secretary/Treasurer) $14,800 $0 $0
Neal Heldt (Director) $10,913 $0 $0
Larry White (Part Year Secretary/Treasurer) $10,563 $0 $0
Don Shonka (Vice President) $10,213 $0 $0
Gordon Greimann (Director) $8,550 $0 $0
Marion Denger (Nreca Director) $6,913 $0 $0
Kenneth Vandenberg (Director) $875 $0 $0
Jeff Ten Napel (Manager's Representative) $0 $0 $0
+ View more people

Document Links

990
Filed on Feb. 3, 2020

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

View Filing
PDF XML

Fiscal Year Ending Aug.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,594,322
Expenses
$4,486,270
Net Income
$108,052
Net Assets
$2,065,384
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,548,421
99.0%
Investment Income $31,665
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $13,800
0.3%
Net Fundraising $0
Sales of Assets $436
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $409,395
9.1%
Professional Fundraising Fees $0
Other Salaries and Wages $1,222,457
27.2%
Assets/Debt
Total Assets $2,473,370
Total Liabilities $407,986
Net Assets $2,065,384
Compensation
Key Employees and Officers Compensation Related Other
Charles Soderberg (Executive V.P./General Man) $236,988 $0 $53,422
Regi Goodale (Director Regulatory Affa) $192,790 $0 $51,567
Tim Falk (Director Benefits) $126,613 $0 $31,160
John Dvorak (Director Safety) $123,588 $0 $26,812
Kevin Condon (Director Govt Relations) $122,404 $0 $26,691
Steve Seidl (President) $15,725 $0 $0
Roger Solomonson (Asst Secretary/Treasurer) $13,175 $0 $0
Darrell Jensen (Director) $12,100 $0 $0
Larry White (Secretary/Treasurer) $12,038 $0 $0
Don Shonka (Vice President) $11,688 $0 $0
Marion Denger (Nreca Director) $10,288 $0 $0
Neal Heldt (Director) $10,288 $0 $0
Gordon Greimann (Director) $1,288 $0 $0
Carmen Hosack (Manager's Representative) $0 $0 $0
+ View more people

Document Links

990
Filed on July 15, 2019

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

View Filing
PDF XML

Fiscal Year Ending Aug.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,600,420
Expenses
$4,218,379
Net Income
$382,041
Net Assets
$2,294,653
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,534,597
98.6%
Investment Income $27,012
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $8,050
0.2%
Net Fundraising $0
Sales of Assets $30,761
0.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $376,543
8.9%
Professional Fundraising Fees $0
Other Salaries and Wages $1,111,894
26.4%
Assets/Debt
Total Assets $3,748,196
Total Liabilities $1,453,543
Net Assets $2,294,653
Compensation
Key Employees and Officers Compensation Related Other
Charles Soderberg (Executive V.P./General Man) $226,877 $0 $57,153
Regi Goodale (Director Regulatory Affa) $185,063 $0 $55,554
John Dvorak (Director Safety) $119,389 $0 $28,218
Tim Falk (Director Benefits) $117,091 $0 $40,372
Tim Coonan (Director Govt Relations) $103,617 $0 $28,674
Steve Seidl (President) $16,713 $0 $0
Don Shonka (Vice President) $13,975 $0 $0
Roger Solomonson (Director) $13,613 $0 $0
Marion Denger (Director) $13,525 $0 $0
Larry White (Asst Secretary/Treasurer) $10,113 $0 $0
Shirley Benson (Director) $9,063 $0 $0
Frank Riley (Secretary/Treasurer) $8,088 $0 $0
Darrell Jensen (Director) $1,900 $0 $0
Neal Heldt (Director) $850 $0 $0
Carmen Hosack (Manager's Representative) $0 $0 $0
+ View more people

Document Links

990
Filed on July 9, 2018

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

View Filing
PDF XML

Fiscal Year Ending Aug.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,514,125
Expenses
$4,102,240
Net Income
$411,885
Net Assets
$2,196,313
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,463,844
98.9%
Investment Income $20,778
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $13,800
0.3%
Net Fundraising $0
Sales of Assets $15,703
0.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $345,616
8.4%
Professional Fundraising Fees $0
Other Salaries and Wages $1,101,218
26.8%
Assets/Debt
Total Assets $3,064,666
Total Liabilities $868,353
Net Assets $2,196,313

Document Links

990

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

PDF

Fiscal Year Ending Aug.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,619,589
Expenses
$4,704,719
Net Income
-$85,130
Net Assets
$1,764,734
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,602,073
99.6%
Investment Income $19,477
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $4,600
0.1%
Net Fundraising $0
Sales of Assets -$6,561
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $403,651
8.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,306,631
27.8%
Assets/Debt
Total Assets $2,667,265
Total Liabilities $902,531
Net Assets $1,764,734

Document Links

990

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

PDF

Fiscal Year Ending Aug.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,739,194
Expenses
$4,469,477
Net Income
$269,717
Net Assets
$2,154,544
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,715,685
99.5%
Investment Income $21,421
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,085
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $375,318
8.4%
Professional Fundraising Fees $0
Other Salaries and Wages $1,229,686
27.5%
Assets/Debt
Total Assets $2,792,394
Total Liabilities $637,850
Net Assets $2,154,544

Document Links

990

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

PDF

Fiscal Year Ending Aug.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,281,665
Expenses
$4,030,799
Net Income
$250,866
Net Assets
$2,042,431
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,218,655
98.5%
Investment Income $26,586
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $23,073
0.5%
Net Fundraising $0
Sales of Assets $13,351
0.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $390,079
9.7%
Professional Fundraising Fees $0
Other Salaries and Wages $1,136,198
28.2%
Assets/Debt
Total Assets $3,324,442
Total Liabilities $1,282,011
Net Assets $2,042,431

Document Links

990

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

PDF

Fiscal Year Ending Aug.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,157,603
Expenses
$4,083,403
Net Income
$74,200
Net Assets
$1,914,241
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,096,928
98.5%
Investment Income $23,220
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $27,078
0.7%
Net Fundraising $0
Sales of Assets $10,377
0.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $362,119
8.9%
Professional Fundraising Fees $0
Other Salaries and Wages $1,141,612
28.0%
Assets/Debt
Total Assets $2,781,829
Total Liabilities $867,588
Net Assets $1,914,241

Document Links

990

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

PDF

Fiscal Year Ending Aug.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,091,036
Expenses
$3,871,582
Net Income
$219,454
Net Assets
$1,988,252
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,000,857
97.8%
Investment Income $33,605
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $38,906
1.0%
Net Fundraising $0
Sales of Assets $17,668
0.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $362,571
9.4%
Professional Fundraising Fees $0
Other Salaries and Wages $1,149,179
29.7%
Assets/Debt
Total Assets $2,528,370
Total Liabilities $540,118
Net Assets $1,988,252

Document Links

990

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

PDF

Fiscal Year Ending Aug.
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

990

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

PDF

Fiscal Year Ending Aug.
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

990

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

PDF

Fiscal Year Ending Aug.
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

990

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

PDF

Fiscal Year Ending Aug.
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

990

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

PDF

Fiscal Year Ending Aug.
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

990

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

PDF

Fiscal Year Ending Aug.
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

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 »

Byline

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