2026-02-09T14:07:42-06:00 2025-08-31 431305800 UHY ADVISORS MIDWEST INC 4200 UNIVERSITY AVE SUITE 410 WEST DES MOINES IA 50266 990 2024-09-01 420662488 IOWA ASSOCIATION OF ELECTRIC COOPERATIVES IOWA 5152765350 8525 DOUGLAS AVENUE SUITE 48 DES MOINES IA 503222992 LESLIE KAUFMAN EXECUTIVE V.P./GENERAL MANAGER 5152765350 2026-02-02 1 0 MARK A CRONIN P01742902 5152225680 2026-02-02 2024 2025-03-06 01:10:19Z LESLIE KAUFMAN 8525 DOUGLAS AVENUE SUITE 48 DES MOINES IA 503222992 6134118 0 X WWW.IOWAREC.ORG X 1942 IA TO PROVIDE SERVICES TO RURAL ELECTRIC COOPERATIVES. 7 7 19 0 7000 479 0 0 5994516 5839016 105566 67577 16950 16950 6117032 5923543 0 0 0 0 2688069 2624716 0 0 0 3398544 3041635 6086613 5666351 30419 257192 3441995 3656046 839382 736489 2602613 2919557 X PROVIDE SERVICES TO RURAL ELECTRIC COOPERATIVES. 0 0 EDUCATION & TRAINING - PROVIDED EDUCATIONAL OPPORTUNITIES FOR EMPLOYEES AND DIRECTORS OF MEMBER COOPERATIVES IN TECHNICAL AND MANAGEMENT SUBJECTS RELATED TO THEIR EMPLOYMENT. NUMEROUS PROGRAMS WERE HELD DURING THE YEAR. SAFETY PROGRAMS - PROVIDED EDUCATION AND TRAINING IN AREAS RELATED TO ELECTRIC & OSHA SAFETY. SEVERAL STAFF MEMBERS WERE DEVOTED EXCLUSIVELY TO THIS FUNCTION. GOVERNMENT RELATIONS - PROVIDE INFORMATION TO LEGISLATIVE AND ADMINISTRATIVE PARTIES IN FEDERAL AND STATE GOVERNMENT ON RURAL ELECTRIC ISSUES. COMMUNICATIONS - PROMOTED PUBLIC AWARENESS OF RURAL ELECTRIC COOPERATIVES AND THEIR PURPOSE AND ACTIVITIES PARTICULARLY WHAT MEMBER-CONSUMER-OWNERS CAN DO TO USE ENERGY MORE EFFICIENTLY. APPROXIMATELY 55,000 COPIES OF "IOWA ELECTRIC COOPERATIVE LIVING" MAGAZINES ARE CIRCULATED MONTHLY. 0 0 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 46 0 19 1 1 1 0 0 0 0 0 0 0 X 7 7 0 0 1 0 1 1 0 1 1 0 0 0 1 1 1 1 0 1 1 0 X DAVID JACOBSEN 5152239393 2203 GRAND AVE DES MOINES IA 50312 MARION DENGER NRECA DIRECTOR 2.00 X 7950 0 0 TERRY SULLIVAN MANAGER'S REPRESENTATIVE 2.00 X 0 0 0 JIM MILLER PRESIDENT 2.00 X X 15505 0 0 GORDON GREIMANN VICE PRESIDENT 2.00 X X 11387 0 0 TONY LEM SECRETARY/TREASURER 2.00 X X 9588 0 0 JERRY KELEHER ASSISTANT SECRETARY/TREASURER 2.00 X X 9788 0 0 BRUCE AMUNDSON DIRECTOR 2.00 X 9238 0 0 STEVE INSKEEP DIRECTOR 2.00 X 2038 0 0 TRAVIS HARRIS DIRECTOR 2.00 X 1250 0 0 CHARLES SODERBERG PAST EXECUTIVE V.P./GENERAL MANAGER 40.00 X 249275 0 59341 LESLIE KAUFMAN EXECUTIVE V.P/GENERAL MANAGER 52.00 X 0 0 0 ERIN CAMPBELL DIRECTOR - COMMUNICATIONS 40.00 X 115170 0 63340 TIM FALK DIRECTOR - BENEFITS 40.00 X 181849 0 58314 SCOTT MEINEKE DIRECTOR - SAFETY 51.00 X 151449 0 56532 ETHAN HOHENADEL DIRECTOR - REGULATORY AFFAIRS 44.00 X 177210 0 61537 941697 0 299064 5 0 1 0 SPENCER FANE LLP 13815 FNB PKWY SUITE 200 OMAHA NE 68154 LEGAL 205800 JACOBSEN & COMPANY LLP 2203 GRAND AVE DES MOINES IA 50312 ACCOUNTING 177403 SULLIVAN & WARD PC 6601 WESTOWN PARKWAY SUITE 200 WEST DES MOINES IA 502667733 LEGAL 143900 3 MEMBERSHIP DUES AND ASSESSMENTS 900099 2883498 2883498 SAFETY & LOSS CONTROL 900099 1275053 1275053 EDUCATION & TRAINING 900099 847565 847565 COMMUNICATIONS 900099 809175 7000 802175 REGULATORY 900099 14725 14725 9000 9000 5839016 58290 58290 16950 0 16950 16950 16950 219862 210559 16 9303 -16 9287 9287 5923543 16950 7000 5899593 477997 1412800 388650 194966 150303 32738 178291 73900 89333 46988 18148 141007 43677 COMMUNICATIONS 872442 EDUCATION 853603 SAFETY 328542 GOVERNMENT RELATIONS 206008 156958 5666351 457585 748607 913326 951253 358836 187371 0 100000 234367 200348 1921578 1300333 661896 621245 530493 588790 190894 191333 94598 67099 3441995 3656046 642866 623063 99092 42450 97424 70976 839382 736489 X 2572196 2662366 2602613 2919557 3441995 3656046 257192 59752 0 X X 0 1 X 1 0 1 0 0 1026702 762066 264636 894876 538267 356609 621245 PATRONAGE CAPITAL CERTIFICATES - NATIONAL RURAL TELECOMMUNICATIONS COOP 7051 C INVESTMENT IN NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION 137479 C INVESTMENT IN FEDERATED RURAL ELECTRIC INSURANCE EXCHANGE 46803 C 191333 OPERATING LEASE RIGHT-OF-USE LIABILITY 70976 70976 X 5983295 59752 59752 5923543 0 5923543 5666351 0 5666351 0 5666351 PART X, LINE 2: IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") 740, INCOME TAXES, THE ASSOCIATION ASSESSES ITS TAX POSITIONS AND DETERMINES IF ANY POSITIONS ARE UNCERTAIN. THE ASSOCIATION HAS ANALYZED ITS FILING POSITIONS OPEN TO REVIEW AND BELIEVES ALL SIGNIFICANT POSITIONS HAVE A "MORE-LIKELY-THAN-NOT LIKELIHOOD OF BEING UPHELD BASED ON THEIR TECHNICAL MERITS. X X 0 0 0 CHARLES SODERBERG PAST EXECUTIVE V.P./GENERAL MANAGER 249275 0 0 0 0 0 56474 0 2867 0 308616 0 0 0 TIM FALK DIRECTOR - BENEFITS 181849 0 0 0 0 0 43771 0 14543 0 240163 0 0 0 ETHAN HOHENADEL DIRECTOR - REGULATORY AFFAIRS 177210 0 0 0 0 0 42999 0 18538 0 238747 0 0 0 SCOTT MEINEKE DIRECTOR - SAFETY 151449 0 0 0 0 0 37288 0 19244 0 207981 0 0 0 ERIN CAMPBELL DIRECTOR - COMMUNICATIONS 115170 0 0 0 0 0 31716 0 31624 0 178510 0 0 0 CHARLES SODERBERG FORMER CEO/EXECUTIVE V.P. 40000 CONSULTING CONTRACT TO BE IN CHARGE OF THE CYBER GRANT APPLICATION PROGRAM 0 FORM 990, PART VI, SECTION A, LINE 4 THE BOARD ADOPTED A NEW/EXPANDED EMPLOYEE EDUCATION AND TRAINING REIMBURSEMENT POLICY IN MAY 2025. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS FORM 990, PART VI, SECTION A, LINE 7A MEMBERS FORM 990, PART VI, SECTION B, LINE 11B THE TAX RETURN IS REVIEWED FOR ACCURACY AND COMPLETENESS BY THE EXECUTIVE VICE PRESIDENT/GENERAL MANAGER BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. A COPY OF THE TAX RETURN IS PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS FOR REVIEW BUT IS NOT DONE BEFORE THE TAX RETURN HAS BEEN FILED. FORM 990, PART VI, SECTION B, LINE 12C THE PROCESS IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS APPROVES THE ANNUAL BUDGET WHICH CONTAINS THE ENTIRE POOL OF MONEY AVAILABLE FOR EMPLOYEE COMPENSATION INCREASES. THE CEO CONDUCTS PERFORMANCE REVIEWS OF THE ORGANIZATION'S OFFICERS AND KEY EMPLOYEES. THE CEO THEN CONSULTS/REVIEWS THE "RESMA SALARY SURVEY" DATA TO DETERMINE APPROPRIATE RAISES ACCORDINGLY. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR. IOWA ASSOCIATION OF ELECTRIC COOPERATIVES HEALTH CARE TRUST 8525 DOUGLAS AVE STE 48 URBANDALE IA 50322 421161992 GROUP HEALTH ORGANIZATION IA 501(C)(9) N/A 0 HAWKEYE INSURANCE ASSOCIATION 8525 DOUGLAS STE 48 URBANDALE IA 50322 421438152 BENEFITS ADMIN IA N/A C 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 1 0 IAEC HEALTH CARE TRUST - HEALTH PREMIUMS R 25683603 ACTUAL HAWKEYE INSURANCE ASSOCIATION - TIM FALK'S SALARY & OPERATING EXP REIMB Q 323930 ACTUAL