Nonprofit · EIN 42-0287740
GRUNDY COUNTY RURAL ELECTRIC COOPERATIVE
Tax-exempt · GRUNDY CENTER, IA 50638
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $10,275,054 | $10,274,377 | $677 | $28,388,987 | $14,362,263 | $14,026,724 |
| December 31, 2023 | 990 | $10,250,490 | $10,250,793 | -$303 | $27,173,178 | $13,952,742 | $13,220,436 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $9,524,975
- Investment income
- $28,969
- Net income from sales of inventory
- $14,789
- Other revenue
- $721,110
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $1,042,985
- Compensation of officers, directors and key employees
- $216,516
- Other salaries and wages
- $400,342
- Salaries, compensation and benefits (total)
- $1,379,181
- Professional fundraising fees
- $0
- Depreciation
- $734,226
Balance sheet and other
- Total assets, start of year
- $27,173,178
- Total assets, end of year
- $28,388,987
- Total liabilities, end of year
- $14,362,263
- Net assets, end of year
- $14,026,724
- Land, buildings and equipment
- $18,756,938
- Gross unrelated business income
- -$323
- Gross receipts
- $10,275,054
- Employees
- 15
- Volunteers
- 0
- Year formed
- 1937
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL GEERDES | GENERAL MANAGER/CEO Officer | 40 | $109,452 | $55,789 |
| KEVIN PRUISNER | VICE PRESIDENT Trustee or director, Officer | 3.85 | $10,250 | $0 |
| NORBERT BOYLE | TREASURER Trustee or director, Officer | 3.25 | $10,225 | $0 |
| LARRY ROHACH | DIRECTOR Trustee or director | 4.15 | $9,500 | $0 |
| NICK STROHBEHN | PRESIDENT Trustee or director, Officer | 1.52 | $6,200 | $0 |
| MATT KOPRIVA | SECRETARY Trustee or director, Officer | 1.38 | $5,925 | $0 |
| ROGER BROWN | DIRECTOR Trustee or director | 0.89 | $4,875 | $0 |
| JASON PAPER | ASST. TREASURER/SECRETARY Trustee or director, Officer | 1.17 | $4,300 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL GEERDES | GENERAL MANAGER/CEO Officer | 40 | $100,389 | $51,460 |
| NICK STROHBEHN | PRESIDENT Trustee or director, Officer | 4.3 | $12,520 | $0 |
| KEVIN PRUISNER | VICE PRESIDENT Trustee or director, Officer | 3.6 | $10,480 | $0 |
| NORBERT BOYLE | TREASURER Trustee or director, Officer | 2.9 | $9,950 | $0 |
| MATT KOPRIVA | SECRETARY Trustee or director, Officer | 1.9 | $9,375 | $0 |
| LARRY ROHACH | DIRECTOR Trustee or director | 2.7 | $6,985 | $0 |
| DAVID SCHMIDT | DIRECTOR Trustee or director | 2.3 | $4,310 | $0 |
| JASON PAPER | ASST. TREASURER/SECRETARY Trustee or director, Officer | 1.1 | $4,220 | $0 |
| ROGER BROWN | DIRECTOR Trustee or director | 2.5 | $2,425 | $0 |
Address and contacts
- Address (IRS master file)
- 303 N PARK AVE, GRUNDY CENTER, IA 50638-8593
- Principal officer (990 for 2024)
- MICHAEL GEERDES, 303 N PARK AVE, GRUNDY CENTER, IA 50638
- Signed the 990
- MICHAEL GEERDES, CEO
- Phone
- (319) 824-5251
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
PROVIDING DEPENDABLE, AFFORDABLE ELECTRIC SERVICE TO RURAL FAMILIES, FARMS AND INDUSTRIES IN GRUNDY, BLACK HAWK, MARSHALL, TAMA, BUTLER AND HARDIN COUNTIES.
Program accomplishments
- SALE OF DEPENDABLE, RELIABLE ELECTRICITY AND SERVICES TO OUR MEMBERS.
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 | Not 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
- 42-0287740
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1937
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W80Z)
- Assets (IRS master file)
- $28,388,987
- Income (IRS master file)
- $10,275,054
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $10,275,054 | $10,274,377 | $28,388,987 | XML |
| 990 | December 2023 | $10,250,490 | $10,250,793 | $27,173,178 | XML |
| 990 | December 2022 | $11,131,300 | $10,605,225 | $26,484,981 | 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 42-0287740).
Questions about GRUNDY COUNTY RURAL ELECTRIC COOPERATIVE
- What is the EIN of GRUNDY COUNTY RURAL ELECTRIC COOPERATIVE?
- The employer identification number (EIN) of GRUNDY COUNTY RURAL ELECTRIC COOPERATIVE is 42-0287740.
- Is GRUNDY COUNTY RURAL ELECTRIC COOPERATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1937.
- Are donations to GRUNDY COUNTY RURAL ELECTRIC COOPERATIVE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does GRUNDY 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 GRUNDY COUNTY RURAL ELECTRIC COOPERATIVE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GRUNDY 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 2024.
- Who is the principal officer of GRUNDY COUNTY RURAL ELECTRIC COOPERATIVE?
- The 990 for the year ended December 31, 2024 names MICHAEL GEERDES.
- Who are the officers and directors of GRUNDY COUNTY RURAL ELECTRIC COOPERATIVE?
- The 990 for the year ended December 31, 2024 lists 8 people; 8 received compensation from the organization, the highest $109,452 (MICHAEL GEERDES, GENERAL MANAGER/CEO).
- How much revenue does GRUNDY COUNTY RURAL ELECTRIC COOPERATIVE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $10,275,054, expenses of $10,274,377 and total assets of $28,388,987 at year end.
Other nonprofits in GRUNDY CENTER
- WESTERN HOME SERVICES INC EIN 47-1181061 · last filed 990 for 2020
- GRUNDY COUNTY MEMORIAL HOSPITAL FOUNDATION EIN 42-1345788 · last filed 990 for 2025
- GRUNDY COMMUNITY PRESCHOOL AND CHILD CARE ASSOCIATION EIN 42-1300711 · last filed 990 for 2025
- BOTTLES TWO BACKPACKS EIN 47-5218851 · last filed 990 for 2023
- JOYFUL NOISE DAYCARE EIN 20-4853966 · last filed 990 for 2024
- IOWA FARM BUREAU FEDERATION EIN 42-0680715 · last filed 990 for 2025
- MAROON & WHITE INC EIN 35-2676844 · last filed 990 for 2025
- GRUNDY CENTER CHAMBER-MAIN STREET INC EIN 47-4258239 · last filed 990-EZ for 2024
All nonprofits in GRUNDY CENTER · Iowa · Public and societal benefit