2025-11-11T10:36:00-06:00 2024-12-31 431305800 UHY ADVISORS MIDWEST INC 4200 UNIVERSITY AVE SUITE 410 WEST DES MOINES IA 50266 990 2024-01-01 420652127 CENTRAL IOWA POWER COOPERATIVE CENT 3193668011 PO BOX 2517 CEDAR RAPIDS IA 524062517 ANDREW ST JOHN CEO 5153627643 2025-11-10 1 0 MARK A CRONIN P01742902 5152225680 2025-11-10 2024 2025-03-06 01:10:19Z ANDREW ST JOHN 2600 GRAND AVENUE SUITE 300 DES MOINES IA 50312 357780477 0 X WWW.CIPCO.NET X 1946 IA ELECTRIC GENERATION AND TRANSMISSION COOPERATIVE 13 13 126 0 167310 795168 0 0 212872575 216153012 2772517 6066170 2202782 2543394 217847874 224762576 0 0 7500000 8000000 13247863 14565541 0 0 0 184997142 181893584 205745005 204459125 12102869 20303451 909309520 910500887 666391900 645481517 242917620 265019370 ELECTRIC GENERATION AND TRANSMISSION COOPERATIVE 0 0 204459125 216153012 THE COOPERATIVE IS AN ELECTRICAL GENERATION AND TRANSMISSION COOPERATIVE PROVIDING WHOLESALE ELECTRICAL SERVICE TO ITS MEMBERS. 204459125 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 55 0 126 1 1 1 0 0 0 0 0 0 0 0 0 0 192486445 25731386 0 0 0 X 13 13 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MICHELLE SOYER 3197344317 PO BOX 2517 CEDAR RAPIDS IA 524062517 PAUL HEINEMAN BOARD PRESIDENT 18.00 X X 61320 0 0 DAN WESTPHAL BOARD VICE PRESIDENT 11.40 X X 39885 0 0 GENE MANTERNACH BOARD SECRETARY/TREASURER 6.08 X X 6795 0 0 DUANE VER PLOEG BOARD ASST SECRETARY/TREASURER 8.40 X X 26570 0 0 GARY KESTER BOARD DIRECTOR 14.75 X 43840 0 0 RANDY ROUSE BOARD DIRECTOR 5.83 X 39588 0 0 KIRK HILAND BOARD DIRECTOR 10.83 X 36353 0 0 GARY MCKENNA BOARD DIRECTOR 10.50 X 35990 0 0 ARDEN GREINER BOARD DIRECTOR 10.73 X 31708 0 0 TIM LARSEN BOARD DIRECTOR 8.88 X 25060 0 0 DALE WALKUP BOARD DIRECTOR 7.00 X 21860 0 0 STEVE BIRELINE BOARD DIRECTOR 7.25 X 21015 0 0 CRAIG STALLMAN BOARD DIRECTOR 8.25 X 19505 0 0 RONALD THIELEN PART-YEAR BOARD DIRECTOR 1.00 X 1570 0 0 ANDREW ST JOHN EXECUTIVE VICE PRESIDENT & CEO 40.00 X 423817 0 44621 PAUL HOFMAN VP INFORMATION TECHNOLOGY 40.00 X 256890 0 43424 DANIEL BURNS VP UTILITY OPERATIONS 40.00 X 255212 0 54473 KENDRA GRAVES VP PORTFOLIO STRATEGY & PLANNING 40.00 X 242955 0 44820 DAVID NICHOLSON VP & CFO 40.00 X 235169 0 25116 MEMOREA SCHRADER VP HUMAN RESOURCES 40.00 X 206414 0 22572 KERRY KOONCE VP COMMUNICATIONS & CORP RELATIONS 40.00 X 195867 0 34885 TERRY FETT DIRECTOR, ENGINEERING & OPERATIONS 40.00 X 174631 0 40781 MICHELLE SOYER DIRECTOR OF FINANCE 40.00 X 170281 0 40663 SAMUEL STINEMAN DIRECTOR, GENERATION ASSETS 40.00 X 170111 0 38013 CHAD MILLER MANAGER OF IT SECURITY & COMPLIANCE 40.00 X 158015 0 34665 REX BUTLER MANAGER OF ENVIRONMENTAL & SAFETY 40.00 X 152927 0 30731 3053348 0 454764 77 0 1 0 HEARTLAND DIVIDE WIND PROJECT 700 UNIVERSE BLVD JUNO BEACH FL 33408 ELECTRIC ENERGY 10530856 ITC HOLDINGS CORP PO BOX 674015 DETROIT MI 48267 TRANSMISSION MAINTENANCE 4074780 ACES POWER MARKETING 4140 WEST 99TH ST CARMEL IN 46032 ENERGY MANAGEMENT 831355 DOWNTOWER CONNECT LLC 2624 PINEWOOD AVENUE GREENFIELD IA 50849 ELECTRIC ENERGY 699812 SULLIVAN & WARD PC 6601 WESTOWN PARKWAY STE 200 WEST DES MOINES IA 50266 LEGAL SERVICES 305566 11 ELECTRIC REVENUE 900099 216153012 216153012 216153012 1811139 1811139 541126 0 541126 541126 541126 137252927 20005 133006855 11046 4246072 8959 4255031 8959 4246072 PATRONAGE CAPITAL DIVIDENDS 900099 1010382 1010382 MISCELLANEOUS 900099 824576 824576 ADMINISTRATIVE FEES 900099 167310 167310 2002268 224762576 218538055 167310 6057211 8000000 8000000 3508112 3508112 4821988 4821988 365154 365154 4898767 4898767 971520 971520 359003 359003 274976 274976 260697 260697 28054 28054 206737 206737 756057 756057 227950 227950 164774 164774 16849296 16849296 31417953 31417953 630873 630873 PURCHASED POWER 125130755 125130755 TRANSMISSION PLANT MAIN 5570394 5570394 PRODUCTION PLANT MAINTE 4698933 4698933 BUILDING & GROUNDS MAIN 445402 445402 -5128270 -5128270 204459125 204459125 0 0 11697940 5660245 28227863 27723318 15344564 14448771 662541 551375 890661490 367443885 529703500 523217605 276558228 294765072 47114884 44134501 909309520 910500887 24325167 18765672 477442745 456908075 164623988 169807770 666391900 645481517 X 1400 1400 0 0 242916220 265017970 242917620 265019370 909309520 910500887 X 20303451 -12237 1810536 X X 0 1 X 1 0 12103794 12103794 878557696 367443885 511113811 523217605 DECOMMISSIONING FUNDS 174126094 F INVESTMENT IN ASSOCIATED ORG. & NOTES RECEIVABLE 49605168 C OTHER INVESTMENTS 71033810 F 294765072 DECOMMISSIONING LIABILITY 149448962 LEASE OBLIGATIONS 908583 OTHER ASSET RETIREMENT OBLIGATIONS 3082726 REGULATORY LIABILITY 16367499 169807770 X 226972205 -12237 2221866 2209629 224762576 0 224762576 196546304 87179 87179 196459125 8000000 8000000 204459125 PART X, LINE 2: THE COMPANY DETERMINED THERE IS NO MATERIAL LIABILITY FOR UNRECOGNIZED TAX BENEFITS UNDER THE PROVISIONS OF ASC TOPIC 740, INCOME TAXES. THE FEDERAL STATUTE OF LIMITATIONS REMAINS OPEN FOR THE YEARS 2021 AND FORWARD. GENERALLY, TAX YEARS 2020 AND FORWARD ARE SUBJECT TO AUDIT BY STATE TAX AUTHORITIES DEPENDING ON THE TAX CODE IN EACH JURISDICTION. PART XI, LINE 2D - OTHER ADJUSTMENTS: EQUITY EARNINGS (CONSOLIDATING) 2,221,866. PART XII, LINE 2D - OTHER ADJUSTMENTS: INCOME TAX EXPENSE 87,179. PART XII, LINE 4B - OTHER ADJUSTMENTS: PATRONAGE CAPITAL PAID 8,000,000. 1 X X 0 0 0 ANDREW ST JOHN EXECUTIVE VICE PRESIDENT & CEO 415204 0 0 0 8613 0 16233 0 28388 0 468438 0 0 0 PAUL HOFMAN VP INFORMATION TECHNOLOGY 243286 0 0 0 13604 0 13497 0 29927 0 300314 0 0 0 DANIEL BURNS VP UTILITY OPERATIONS 243382 0 0 0 11830 0 23153 0 31320 0 309685 0 0 0 KENDRA GRAVES VP PORTFOLIO STRATEGY & PLANNING 237246 0 0 0 5709 0 19476 0 25344 0 287775 0 0 0 DAVID NICHOLSON VP & CFO 223565 0 0 0 11604 0 7984 0 17132 0 260285 0 0 0 MEMOREA SCHRADER VP HUMAN RESOURCES 201453 0 0 0 4961 0 11936 0 10636 0 228986 0 0 0 KERRY KOONCE VP COMMUNICATIONS & CORP RELATIONS 185618 0 0 0 10249 0 10573 0 24312 0 230752 0 0 0 TERRY FETT DIRECTOR, ENGINEERING & OPERATIONS 168026 0 0 0 6605 0 10773 0 30008 0 215412 0 0 0 MICHELLE SOYER DIRECTOR OF FINANCE 168623 0 0 0 1658 0 13651 0 27012 0 210944 0 0 0 SAMUEL STINEMAN DIRECTOR, GENERATION ASSETS 164043 0 0 0 6068 0 12273 0 25740 0 208124 0 0 0 CHAD MILLER MANAGER OF IT SECURITY & COMPLIANCE 157539 0 0 0 476 0 6693 0 27972 0 192680 0 0 0 REX BUTLER MANAGER OF ENVIRONMENTAL & SAFETY 148996 0 0 0 3931 0 10127 0 20604 0 183658 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER NOMINATES A MEMBER TO SERVE ON THE BOARD FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY ANDREW ST. JOHN AND THE BOARD OF DIRECTORS FOR COMPLETENESS AND ACCURACY BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CIPCO'S LEGAL COUNSEL IS PRESENT AT ALL BOARD MEETINGS AND ASSISTS WITH ENSURING COMPLIANCE. LEGAL COUNSEL ALSO REVIEWS DIRECTOR DUTIES AND STANDARDS OF CONDUCT ANNUALLY WITH THE BOARD OF DIRECTORS AND OFFICERS. ALL BOARD MEMBERS ALSO ATTEND DIRECTOR TRAINING THROUGH STATE AND NATIONAL ASSOCIATIONS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS, WITH THE ASSISTANCE OF CIPCO'S LEGAL COUNSEL, ANNUALLY REVIEWS THE EXECUTIVE VICE PRESIDENT & CEO'S COMPENSATION. THEY ARE PROVIDED MARKET COMPENSATION INFORMATION FOR COMPARABLE POSITIONS DURING THE ANNUAL COMPENSATION REVIEW PROCESS. THE EVP & CEO EVALUATES AND APPROVES THE COMPENSATION FOR CIPCO'S OFFICERS AS PART OF THE ANNUAL MERIT INCREASE PROCESS. THE ANNUAL MERIT INCREASE BUDGET IS DETERMINED BY THE BOARD OF DIRECTORS EACH APRIL BASED ON THEIR REVIEW OF CURRENT MARKET COMPENSATION INFORMATION. THE EVP & CEO THEN DETERMINES THE COMPENSATION OF OFFICERS BASED ON THE BUDGET APPROVED BY THE BOARD OF DIRECTORS, THE EMPLOYEE'S PERFORMANCE, AND THE EMPLOYEE'S POSITION WITHIN THEIR DESIGNATED SALARY RANGE. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST FORM 990, PART XI, LINE 9: EQUITY EARNINGS IN RELATED ORGANIZATIONS (CONSOLIDATING) 2,221,866. EQUITY EARNINGS NON-CONTROLLING INTEREST (CONSOLIDATING) 9,340. EQUITY EARNINGS NON-CONTROLLING INTEREST (DISTRIBUTION) -12,000. INCOME TAX EXPENSE/BENEFIT -87,179. NON-CONTROLLING INTEREST IN SUBSIDIARY -321,491. PART XII, LINE 2C EXPLANATION THE PROCESS HAS NOT CHANGED. CMA VENTURES INC FKA IOWA CAPITAL CORP PO BOX 2517 CEDAR RAPIDS IA 52406 421364955 INVESTING IA N/A C 2075541 17843125 1.00000 0 CAPITAL MANAGEMENT ASSOCIATES PO BOX 2517 CEDAR RAPIDS IA 52406 421411512 INVESTING IA CMA VENTURES INC FKA IOWA CAPITAL CORP C 1.00000 0 CBEC RAILWAY INC PO BOX 2517 CEDAR RAPIDS IA 52406 421367030 RAIL SPUR OPERATION IA CIPCO C 146325 5442838 0.94000 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 CMA VENTURES INC FKA IOWA CAPITAL CORP F 1000000 CBEC RAILWAY INC F 188000