Nonprofit · EIN 42-0721692
L & O POWER COOPERATIVE
Tax-exempt · ROCK RAPIDS, IA 51246
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $43,103,383 | $42,582,514 | $520,869 | $80,459,643 | $40,461,759 | $39,997,884 |
| December 31, 2023 | 990 | $43,789,036 | $43,149,268 | $639,768 | $76,182,045 | $37,754,589 | $38,427,456 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $43,026,923
- Investment income
- $76,460
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $1,687,815
- Compensation of officers, directors and key employees
- $61,500
- Salaries, compensation and benefits (total)
- $61,500
- Professional fundraising fees
- $0
- Depreciation
- $1,143,600
Balance sheet and other
- Total assets, start of year
- $76,182,045
- Total assets, end of year
- $80,459,643
- Total liabilities, end of year
- $40,461,759
- Net assets, end of year
- $39,997,884
- Land, buildings and equipment
- $44,517,952
- Gross receipts
- $43,103,383
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1952
- 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 |
|---|---|---|---|
| DAVID HUFF | SEC/TREASURER Trustee or director, Officer | 6 | $12,150 |
| DAVID DEBOER | PRESIDENT Trustee or director, Officer | 6 | $6,900 |
| DAVID HANSEN | DIRECTOR Trustee or director | 6 | $5,400 |
| LUCAS ROSKAMP | DIRECTOR Trustee or director | 6 | $4,800 |
| GREGG JOHNSON | DIRECTOR Trustee or director | 6 | $4,500 |
| DEAN HASPELS | DIRECTOR Trustee or director | 6 | $4,200 |
| DAN LEUTHOLD | DIRECTOR Trustee or director | 6 | $3,900 |
| DAVID MESCHKE | DIRECTOR Trustee or director | 6 | $3,900 |
| ADAM HOEKSTRA | VICE PRESIDENT Trustee or director, Officer | 6 | $3,600 |
| GLENN DICKS | DIRECTOR Trustee or director | 6 | $3,600 |
| NOLAN KOOIKER | DIRECTOR Trustee or director | 6 | $3,600 |
| TERRENCE CLARK | DIRECTOR FROM 04/2024 Trustee or director | 6 | $3,000 |
| STEVE VOSS | DIRECTOR UNTIL 03/2024 Trustee or director | 6 | $1,950 |
| CURT DIEREN | MANAGER/CEO Officer | 30 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID HUFF | VICE PRESIDENT Trustee or director, Officer | 6 | $10,800 |
| DAVID DEBOER | PRESIDENT Trustee or director, Officer | 6 | $7,800 |
| DAVID HANSEN | DIRECTOR Trustee or director | 6 | $6,600 |
| STEVEN VOSS | SEC/TREASURER Trustee or director, Officer | 6 | $5,700 |
| GREGG JOHNSON | DIRECTOR Trustee or director | 6 | $5,100 |
| LUCAS ROSKAMP | DIRECTOR Trustee or director | 6 | $4,800 |
| DAN LEUTHOLD | DIRECTOR Trustee or director | 6 | $4,500 |
| DAVID MESCHKE | DIRECTOR Trustee or director | 6 | $3,900 |
| ADAM HOEKSTRA | DIRECTOR Trustee or director | 6 | $3,900 |
| GLENN DICKS | DIRECTOR Trustee or director | 6 | $3,300 |
| NOLAN KOOIKER | DIRECTOR Trustee or director | 6 | $3,000 |
| DEAN HASPELS | DIRECTOR FROM 04/2023 Trustee or director | 6 | $1,800 |
| RONALD JACOBS | DIRECTOR UNTIL 04/2023 Trustee or director | 6 | $600 |
| CURT DIEREN | MANAGER/CEO Officer | 30 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 511, ROCK RAPIDS, IA 51246-0511
- Principal officer (990 for 2024)
- DAVID DEBOER, 1302 SOUTH UNION STREET, ROCK RAPIDS, IA 51246
- Signed the 990
- DAVID HUFF, SECRETARY/TREASURER
- Phone
- (712) 472-2556
- Website
- WWW.LANDOPOWERCOOP.COM
- Return prepared by
- EIDE BAILLY LLP
Mission
SALE OF ELECTRICITY TO MEMBERS TO GENERATE INCOME FOR THE SOLE PURPOSE OF MEETING LOSSES AND EXPENSES.
Program accomplishments
- L&O POWER COOPERATIVE IS A WHOLESALE POWER SUPPLIER TO FOUR RURAL DISTRIBUTION COOPERATIVES. L&O PROVIDES WHEELING SERVICES TO THREE MUNICIPALITIES.
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
- 42-0721692
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1961
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $80,459,643
- Income (IRS master file)
- $43,103,383
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $43,103,383 | $42,582,514 | $80,459,643 | XML |
| 990 | December 2023 | $43,789,036 | $43,149,268 | $76,182,045 | XML |
| 990 | December 2022 | $39,486,397 | $39,035,776 | $64,562,746 | 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 42-0721692).
Questions about L & O POWER COOPERATIVE
- What is the EIN of L & O POWER COOPERATIVE?
- The employer identification number (EIN) of L & O POWER COOPERATIVE is 42-0721692.
- Is L & O POWER COOPERATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1961.
- Are donations to L & O POWER COOPERATIVE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does L & O POWER 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 L & O POWER 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 L & O POWER 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 L & O POWER COOPERATIVE?
- The 990 for the year ended December 31, 2024 names DAVID DEBOER.
- Who are the officers and directors of L & O POWER COOPERATIVE?
- The 990 for the year ended December 31, 2024 lists 14 people; 13 received compensation from the organization, the highest $12,150 (DAVID HUFF, SEC/TREASURER).
- How much revenue does L & O POWER COOPERATIVE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $43,103,383, expenses of $42,582,514 and total assets of $80,459,643 at year end.
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