Nonprofit · EIN 42-0163705
BUTLER COUNTY RURAL ELECTRIC COOPERATIVE
Tax-exempt · ALLISON, IA 50602
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $35,169,549 | $34,867,930 | $301,619 | $100,821,051 | $57,462,220 | $43,358,831 |
| December 31, 2024 | 990 | $34,759,137 | $32,956,300 | $1,802,837 | $92,050,137 | $51,040,083 | $41,010,054 |
| December 31, 2023 | 990 | $34,257,753 | $32,637,366 | $1,620,387 | $88,118,983 | $49,597,206 | $38,521,777 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $32,350,702
- Investment income
- $669,779
- Net gain from sales of assets
- -$20,791
- Net income from sales of inventory
- -$94,329
- Other revenue
- $2,149,068
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $3,255,598
- Compensation of officers, directors and key employees
- $465,329
- Salaries, compensation and benefits (total)
- $465,329
- Professional fundraising fees
- $0
- Depreciation
- $2,187,552
Balance sheet and other
- Total assets, start of year
- $92,050,137
- Total assets, end of year
- $100,821,051
- Total liabilities, end of year
- $57,462,220
- Net assets, end of year
- $43,358,831
- Land, buildings and equipment
- $44,225,678
- Gross unrelated business income
- -$78,441
- Gross receipts
- $35,374,823
- Employees
- 42
- Volunteers
- 0
- Year formed
- 1936
- State of legal domicile
- IA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CRAIG CODNER | CEO Officer | 40 | $211,597 | $118,259 |
| SANDRA MILLER | HR/OFFICE MANAGER Highest-paid employee | 40 | $127,123 | $106,983 |
| JOHN ENDELMAN | OPERATIONS MANAGER Highest-paid employee | 40 | $119,199 | $74,184 |
| TRACY YOST | MEMBER SERVICE ADVISOR Highest-paid employee | 40 | $106,038 | $69,793 |
| MATT MAHONEY | ENERGY SERVICES MANAGER Highest-paid employee | 40 | $106,850 | $67,974 |
| ZACHARIAH WHITE | LINEMAN Highest-paid employee | 40 | $108,948 | $23,043 |
| BETHANY CARLSON | RECORDING SECRETARY Officer | 40 | $48,439 | $12,784 |
| KEN KAPPMEYER | DIRECTOR Trustee or director | 3.9 | $9,605 | $0 |
| SHARE BRANDT | VICE-PRESIDENT Trustee or director, Officer | 3.4 | $9,305 | $0 |
| TOM RISSE | DIRECTOR Trustee or director | 4.85 | $8,800 | $0 |
| GRANT GREENZWEIG | DIRECTOR Trustee or director | 1.13 | $8,480 | $0 |
| GERALD SCHMITT | DIRECTOR Trustee or director | 2.15 | $8,000 | $0 |
| GARY POPPE | PRESIDENT Trustee or director, Officer | 4 | $7,660 | $0 |
| TROY FELDMAN | TREASURER Trustee or director, Officer | 3.5 | $7,360 | $0 |
| TIM SCHRAGE | SECRETARY Trustee or director, Officer | 2.92 | $6,880 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALLYN HARMS | ASSISTANT SECRETARY-TREASURER Trustee or director, Officer | 2.73 | $6,240 |
| STEVE BOEVERS | DIRECTOR Trustee or director | 3.5 | $1,920 |
990 for the year ended December 31, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CRAIG CODNER | CEO Officer | 40 | $203,641 | $101,069 |
| SANDRA MILLER | HR/OFFICE MANAGER Highest-paid employee | 40 | $123,444 | $91,421 |
| JANE BRADLEY | RECORDING SECRETARY Officer | 40 | $100,366 | $80,438 |
| JOHN ENDELMAN | OPERATIONS MANAGER Highest-paid employee | 40 | $116,113 | $63,390 |
| LORI BEACH | FINANCIAL ACCOUNTANT Highest-paid employee | 40 | $120,171 | $39,505 |
| SHARE BRANDT | VICE-PRESIDENT Trustee or director, Officer | 3.18 | $12,245 | $0 |
| GERALD SCHMITT | DIRECTOR Trustee or director | 3.3 | $9,145 | $0 |
| GARY POPPE | PRESIDENT Trustee or director, Officer | 3.73 | $8,740 | $0 |
| ALLYN HARMS | ASSISTANT SECRETARY-TREASURER Trustee or director, Officer | 4.71 | $8,215 | $0 |
| KEN KAPPMEYER | DIRECTOR Trustee or director | 4.13 | $8,215 | $0 |
| TROY FELDMAN | TREASURER Trustee or director, Officer | 3.46 | $8,060 | $0 |
| GRANT GREENZWEIG | DIRECTOR Trustee or director | 1.44 | $7,905 | $0 |
| TIM SCHRAGE | SECRETARY Trustee or director, Officer | 2.89 | $7,595 | $0 |
| STEVE BOEVERS | DIRECTOR Trustee or director | 2.33 | $5,270 | $0 |
| DUANE RIECKENBERG | PRESIDENT - PART YEAR Trustee or director, Officer | 1.33 | $1,315 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CRAIG CODNER | CEO Officer | 40 | $194,671 | $95,830 |
| SANDRA MILLER | HR/OFFICE MANAGER Highest-paid employee | 40 | $115,986 | $82,539 |
| JANE BRADLEY | RECORDING SECRETARY Officer | 40 | $94,764 | $73,904 |
| JOHN ENDELMAN | OPERATIONS MANAGER Highest-paid employee | 40 | $109,604 | $55,712 |
| LORI BEACH | FINANCIAL ACCOUNTANT Highest-paid employee | 40 | $113,451 | $40,746 |
| DUANE RIECKENBERG | PRESIDENT Trustee or director, Officer | 3.05 | $9,000 | $0 |
| GARY POPPE | VICE PRESIDENT Trustee or director, Officer | 3.16 | $7,650 | $0 |
| TROY FELDMAN | TREASURER Trustee or director, Officer | 2.52 | $7,200 | $0 |
| SHARE BRANDT | ASSISTANT SECRETARY-TREASU Trustee or director, Officer | 2.9 | $7,050 | $0 |
| GERALD SCHMITT | DIRECTOR Trustee or director | 2.43 | $6,600 | $0 |
| TIM SCHRAGE | SECRETARY Trustee or director, Officer | 2.46 | $6,150 | $0 |
| ALLYN HARMS | DIRECTOR Trustee or director | 2.54 | $5,700 | $0 |
| STEVE BOEVERS | DIRECTOR Trustee or director | 3.16 | $5,400 | $0 |
| GRANT GREENZWEIG | DIRECTOR Trustee or director | 1.44 | $5,400 | $0 |
| LELAND BOYD | DIRECTOR Trustee or director | 2.92 | $1,050 | $0 |
Address and contacts
- Address (IRS master file)
- 521 N MAIN ST, ALLISON, IA 50602-7711
- Principal officer (990 for 2025)
- CRAIG J CODNER, PO BOX 98, ALLISON, IA 506020098
- Signed the 990
- CRAIG J CODNER, CEO
- Phone
- (319) 267-2726
- Website
- WWW.BUTLERREC.COOP
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
PROVIDING ELECTRICAL SERVICE TO THE MEMBERS OF THE COOPERATIVE.
Program accomplishments
- DISTRIBUTE ELECTRICITY TO APPROXIMATELY 5000 MEMBERS IN NORTHEAST IOWA.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 42-0163705
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1938
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $100,821,051
- Income (IRS master file)
- $35,374,823
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $35,169,549 | $34,867,930 | $100,821,051 | XML |
| 990 | December 2024 | $34,759,137 | $32,956,300 | $92,050,137 | IRS |
| 990 | December 2023 | $34,257,753 | $32,637,366 | $88,118,983 | XML |
| 990 | December 2022 | $32,954,885 | $31,150,700 | $80,790,437 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-0163705).
Questions about BUTLER COUNTY RURAL ELECTRIC COOPERATIVE
- What is the EIN of BUTLER COUNTY RURAL ELECTRIC COOPERATIVE?
- The employer identification number (EIN) of BUTLER COUNTY RURAL ELECTRIC COOPERATIVE is 42-0163705.
- Is BUTLER COUNTY RURAL ELECTRIC COOPERATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1938.
- Are donations to BUTLER COUNTY RURAL ELECTRIC COOPERATIVE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does BUTLER COUNTY RURAL ELECTRIC COOPERATIVE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BUTLER COUNTY RURAL ELECTRIC COOPERATIVE due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BUTLER COUNTY RURAL ELECTRIC COOPERATIVE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of BUTLER COUNTY RURAL ELECTRIC COOPERATIVE?
- The 990 for the year ended December 31, 2025 names CRAIG J CODNER.
- Who are the officers and directors of BUTLER COUNTY RURAL ELECTRIC COOPERATIVE?
- The 990 for the year ended December 31, 2025 lists 17 people; 17 received compensation from the organization, the highest $211,597 (CRAIG CODNER, CEO).
- How much revenue does BUTLER COUNTY RURAL ELECTRIC COOPERATIVE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $35,169,549, expenses of $34,867,930 and total assets of $100,821,051 at year end.
Other nonprofits in ALLISON
- BUTLER COUNTY FAIR ASSOCIATION EIN 42-0163694 · last filed 990 for 2025
- IOWA FARM BUREAU FEDERATION EIN 42-0681385 · last filed 990 for 2024
- BUTLER COUNTY RESOURCE AND DEVELOPMENT GROUP EIN 42-1317287 · last filed 990-EZ for 2025
- BUTLER COUNTY COMMUNITY PLANNING GROUP VISIONS OF WELL BEING EIN 42-1507164 · last filed 990-EZ for 2026
- INTERNATIONAL ASSOCIATION OF LIONS CLUBS EIN 42-6075834 · last filed 990-N for 2024