Source of information about of non-profits and private foundations.

Midland Power Cooperative (EIN: 42-1378565 )

Overview

Midland Power Cooperative is was formed in 1991 in Jefferson, IA. Organization is led by Jack Runge, and had governing board consisting of 17 members. In 2016 this non-profit organization had 50 employees.

Primary Exempt Statement

Sale of electricity to approximately 8,850 members located in central iowa to generate income for the sole purpose of meeting losses and expenses.
Midland Power Cooperative is not IRS Exempt Organizations Select Check Database.
Organization has likely closed in 2016 or 2017.

Finances and Program Service Revenues

It had revenue of $49,620,800.00 and expenses $47,059,063.00 between January 2016 and December 2016 Midland Power Cooperative started 2016 with $100,368,615.00 in assets, and finished it with $108,839,577.00

Revenue have exceeded expenses for all of the reporting periods. While total assets of have grown in some years, it also had shrinked in other years.

More information available in detailed financial report for years 2010, 2011, 2012, 2013 and 2016
Tax Year Total Revenue Total Expenses Net Revenues Total Assets BOY Total Assets EOY Change in Assets
January 2010 - December 2010 $32,219,906.00 $30,805,015.00 $1,414,891.00 $59,833,754.00 $60,137,917.00 $304,163.00
January 2011 - December 2011 $33,095,868.00 $33,095,864.00 $4.00 $60,137,917.00 $63,268,671.00 $3,130,754.00
January 2012 - December 2012 $36,364,761.00 $35,077,266.00 $1,287,495.00 $63,268,671.00 $70,390,557.00 $7,121,886.00
January 2013 - December 2013 $45,609,057.00 $43,804,040.00 $1,805,017.00 $70,390,557.00 $86,317,727.00 $15,927,170.00
January 2016 - December 2016 $49,620,800.00 $47,059,063.00 $2,561,737.00 $100,368,615.00 $108,839,577.00 $8,470,962.00

Governance

Midland Power Cooperative has large board consisting of 17 members. The board members are Jack Runge as president, Tom Ross as vice president, Randy Christensen as secretary, Michael Coleman as treasurer, Rick Thompson as asst secretary/treasurer, Earl Check as director, Charles Gilbert as director, Paul Heineman as director, Tom Ingebritson as director, Kim Rinker as director, Joel Skow as director, James Weigel as director, Kevin Rasmussen as director - to 06/30/16, Jim Marso as director - to 06/30/16, Bill Mckim as ceo, Jeff Brophy as vp of finance and Bruce Keeney as manager.
Tax Returns

More information on individual tax returns for 2010, 2011, 2012, 2013, 2016 year.

Web Presence

Midland Power Cooperative maintains web site at http://www.midlandpower.com .

Address

Midland Power Cooperative was located on 2 different addresses. Midland Power Cooperative
1005 E LINCOLNWAY
JEFFERSON, IA 50129

Business Officer

Years: 2010, 2011, 2012, 2013 and 2016
Jack Runge
President
(515) 386-xxxx

Board of Directors

Governing board for each of tax years 2010, 2011, 2012, 2013, 2016 .

In tax year 2016 board of directors consisted of: