Nonprofit · EIN 42-0451575
OSCEOLA ELECTRIC COOPERATIVE INC
Tax-exempt · SIBLEY, IA 51249
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $10,510,777 | $10,181,293 | $329,484 | $23,122,918 | $9,731,954 | $13,390,964 |
| December 31, 2024 | 990 | $9,967,891 | $9,588,214 | $379,677 | $22,969,717 | $10,084,026 | $12,885,691 |
| December 31, 2023 | 990 | $8,860,104 | $8,527,231 | $332,873 | $21,723,724 | $9,446,229 | $12,277,495 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $10,451,357
- Investment income
- $60,272
- Net income from sales of inventory
- -$852
- Other revenue
- -$852
Expenses
- Grants and similar amounts paid
- $14,212
- Benefits paid to members
- $329,484
- Compensation of officers, directors and key employees
- $297,549
- Other salaries and wages
- $572,999
- Salaries, compensation and benefits (total)
- $1,138,572
- Professional fundraising fees
- $0
- Depreciation
- $534,005
Balance sheet and other
- Total assets, start of year
- $22,969,717
- Total assets, end of year
- $23,122,918
- Total liabilities, end of year
- $9,731,954
- Net assets, end of year
- $13,390,964
- Land, buildings and equipment
- $14,720,080
- Gross receipts
- $10,524,973
- Employees
- 9
- Volunteers
- 0
- Year formed
- 1938
- 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 |
|---|---|---|---|---|
| JEFF TENNAPEL | EXECUTIVE VP/GENERAL MANAGER Officer | 40 | $169,087 | $127,082 |
| TOMMY STOREY | LINE FOREMAN Highest-paid employee | 40 | $122,521 | $73,183 |
| MARK VANDERPOL | OFFICE MANAGER Highest-paid employee | 40 | $101,858 | $90,984 |
| LANCE GROEN | CREW LEADER Highest-paid employee | 40 | $113,643 | $47,704 |
| ROBERT LOUIS | JOURNEYMAN Highest-paid employee | 40 | $111,543 | $39,859 |
| JUDD ROSENBOOM | JOURNEYMAN Highest-paid employee | 40 | $100,122 | $40,957 |
| DEAN HASPELS | SECRETARY/TREASURER Trustee or director, Officer | 3.6 | $8,200 | $0 |
| TERRENCE CLARK | PRESIDENT Trustee or director, Officer | 3.6 | $7,850 | $0 |
| ADAM HOEKSTRA | DIRECTOR Trustee or director | 4.5 | $7,775 | $0 |
| LINDSAY WATTERSON | DIRECTOR Trustee or director | 3.4 | $7,250 | $0 |
| DANIEL HEILMAN | DIRECTOR Trustee or director | 2.7 | $6,675 | $0 |
| DEREK ACKERMAN | VICE PRESIDENT Trustee or director, Officer | 2.4 | $5,850 | $0 |
| DOUGLAS ROTH | DIRECTOR Trustee or director | 2.5 | $5,525 | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JEFF TENNAPEL | EXECUTIVE VP/GENERAL MANAGER Officer | 40 | $164,094 | $98,140 |
| TOMMY STOREY JR | LINE FOREMAN Highest-paid employee | 40 | $117,256 | $58,797 |
| LANCE GROEN | CREW LEADER Highest-paid employee | 40 | $110,006 | $37,973 |
| ROBERT LOUIS | JOURNEYMAN LINEMAN Highest-paid employee | 40 | $104,412 | $29,394 |
| TERRENCE CLARK | PRESIDENT Trustee or director, Officer | 3.6 | $7,725 | $0 |
| DANIEL HEILMAN | DIRECTOR Trustee or director | 3.2 | $6,850 | $0 |
| DEAN HASPELS | SECRETARY/TREASURER Trustee or director, Officer | 3.1 | $6,650 | $0 |
| DOUGLAS ROTH | DIRECTOR Trustee or director | 3.1 | $6,025 | $0 |
| ADAM HOEKSTRA | DIRECTOR Trustee or director | 3 | $5,300 | $0 |
| LINDSAY WATTERSON | DIRECTOR (BEG MAR 2024) Trustee or director | 3 | $5,125 | $0 |
| DEREK ACKERMAN | VICE PRESIDENT Trustee or director, Officer | 2.4 | $4,775 | $0 |
| STEVEN VOSS | DIRECTOR (UNTIL FEB 2024) Trustee or director | 1.6 | $500 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JEFF TENNAPEL | EXECUTIVE VP/GENERAL MANAGER Officer | 40 | $156,630 | $95,347 |
| TOMMY STOREY JR | LINE FOREMAN Highest-paid employee | 40 | $109,385 | $58,706 |
| DEAN HASPELS | SECRETARY/TREASURER Trustee or director, Officer | 4.7 | $9,125 | $0 |
| TERRENCE CLARK | VICE PRESIDENT/PRESIDENT FROM 04/2023 Trustee or director, Officer | 4.3 | $8,775 | $0 |
| ADAM HOEKSTRA | DIRECTOR Trustee or director | 4.4 | $7,500 | $0 |
| DEREK ACKERMAN | DIRECTOR/VICE PRESIDENT FROM 04/2023 Trustee or director, Officer | 3.4 | $6,750 | $0 |
| STEVE VOSS | DIRECTOR Trustee or director | 2.2 | $4,500 | $0 |
| DANIEL HEILMAN | DIRECTOR FROM 03/2023 Trustee or director | 2.4 | $4,000 | $0 |
| RONALD JACOBS | PRESIDENT UNTIL 03/2023 Trustee or director, Officer | 3.7 | $2,100 | $0 |
| DOUGLAS ROTH | DIRECTOR FROM 11/2023 Trustee or director | 6.1 | $1,750 | $0 |
| EDWARD STROUTH | DIRECTOR UNTIL 10/2023 Trustee or director | 0.6 | $1,250 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 127, SIBLEY, IA 51249-0127
- Principal officer (990 for 2025)
- JEFFERY TENNAPEL, PO BOX 127, SIBLEY, IA 51249
- Signed the 990
- JEFFERY TENNAPEL, EXECUTIVE VP/GENERAL MANAGER
- Phone
- (712) 754-2519
- Website
- WWW.OSCEOLAELECTRIC.COM
- Return prepared by
- EIDE BAILLY ADVISORY LLC
Mission
SALE OF ELECTRICITY TO MEMBERS TO GENERATE INCOME FOR THE SOLE PURPOSE OF MEETING LOSSES AND EXPENSES.
Program accomplishments
- SUCCESSFULLY DELIVERED ELECTRIC SERVICE TO APPROXIMATELY 882 CONSUMERS IN NORTHWEST IOWA ON 533 MILES OF LINE.
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
- 42-0451575
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1940
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $23,122,918
- Income (IRS master file)
- $10,524,973
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $10,510,777 | $10,181,293 | $23,122,918 | XML |
| 990 | December 2024 | $9,967,891 | $9,588,214 | $22,969,717 | XML |
| 990 | December 2023 | $8,860,104 | $8,527,231 | $21,723,724 | XML |
| 990 | December 2022 | $7,017,092 | $6,652,728 | $19,132,234 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 42-0451575).
Questions about OSCEOLA ELECTRIC COOPERATIVE INC
- What is the EIN of OSCEOLA ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of OSCEOLA ELECTRIC COOPERATIVE INC is 42-0451575.
- Is OSCEOLA ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1940.
- Are donations to OSCEOLA ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does OSCEOLA ELECTRIC COOPERATIVE INC 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 OSCEOLA ELECTRIC COOPERATIVE INC 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 OSCEOLA ELECTRIC COOPERATIVE INC 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 OSCEOLA ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 names JEFFERY TENNAPEL.
- Who are the officers and directors of OSCEOLA ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 lists 13 people; 13 received compensation from the organization, the highest $169,087 (JEFF TENNAPEL, EXECUTIVE VP/GENERAL MANAGER).
- How much revenue does OSCEOLA ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $10,510,777, expenses of $10,181,293 and total assets of $23,122,918 at year end.
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