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Employer Identification Number 42-1378565

MIDLAND POWER COOPERATIVE is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:MIDLAND POWER COOPERATIVE
Employer identification number (EIN):42-1378565
EIN Issuing AuthorityPhiladelphia, PA
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementSALE OF ELECTRICITY TO APPROXIMATELY 8,850 MEMBERS LOCATED IN CENTRAL IOWA TO GENERATE INCOME FOR THE SOLE PURPOSE OF MEETING LOSSES AND EXPENSES.
Number of Employees54
Number of Volunteers0
Year Formed1991

Organization Governance

Legal DomicileIA
Voting Members - Governing Body12
Voting Members - Independent12

Organization Financials

2022-12-31
Total unrelated business incomeUSD $ 2,250
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 52,939,137
Program Service Revenue from current yearUSD $ 57,570,780
Investment Income from prior yearUSD $ 616,076
Investment Income from current yearUSD $ 167,467
Other Revenue from prior yearUSD $ -44,076
Other Revenue from current yearUSD $ 27,158
Gross receipts from all sourcesUSD $ 58,346,294
Net assets / fund balances at end of fiscal yearUSD $ 76,720,382
Net assets / fund balances at beginning of fiscal yearUSD $ 70,688,474
Total liabilities at end of fiscal yearUSD $ 80,968,907
Total liabilities at beginning of fiscal yearUSD $ 74,261,006
Total assets at end of fiscal yearUSD $ 157,689,289
Total assets at beginning of fiscal yearUSD $ 144,949,480
Revenues less expenses for current yearUSD $ 3,426,191
Revenues less expenses for previous yearUSD $ 2,351,776
Total expenses for current yearUSD $ 54,339,214
Total expenses for previous yearUSD $ 51,159,361
Other expenses in current yearUSD $ 46,454,867
Other expenses in previous yearUSD $ 45,099,827
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 4,464,318
Employee salary and benefits paid in previous yearUSD $ 4,045,306
Benefits paid to or for members in current yearUSD $ 3,400,000
Benefits paid to or for members in previous yearUSD $ 2,000,000
Grants and similar amounts paid in current yearUSD $ 20,029
Grants and similar amounts paid in previous yearUSD $ 14,228
Total revenue in current fiscal yearUSD $ 57,765,405
Total revenue in previous fiscal yearUSD $ 53,511,137
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 574,910
Gross sales of inventory assetsUSD $ 602,068
2021-12-31
Total unrelated business incomeUSD $ 7,460
Net unrelated business incomeUSD $ 5,098
Program Service Revenue from prior yearUSD $ 52,272,525
Program Service Revenue from current yearUSD $ 52,939,137
Investment Income from prior yearUSD $ 190,218
Investment Income from current yearUSD $ 616,076
Other Revenue from prior yearUSD $ -139,526
Other Revenue from current yearUSD $ -44,076
Gross receipts from all sourcesUSD $ 53,970,508
Net assets / fund balances at end of fiscal yearUSD $ 70,688,474
Net assets / fund balances at beginning of fiscal yearUSD $ 67,387,857
Total liabilities at end of fiscal yearUSD $ 74,261,006
Total liabilities at beginning of fiscal yearUSD $ 68,730,734
Total assets at end of fiscal yearUSD $ 144,949,480
Total assets at beginning of fiscal yearUSD $ 136,118,591
Revenues less expenses for current yearUSD $ 2,351,776
Revenues less expenses for previous yearUSD $ 3,000,693
Total expenses for current yearUSD $ 51,159,361
Total expenses for previous yearUSD $ 49,322,524
Other expenses in current yearUSD $ 45,099,827
Other expenses in previous yearUSD $ 43,883,000
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 4,045,306
Employee salary and benefits paid in previous yearUSD $ 3,424,257
Benefits paid to or for members in current yearUSD $ 2,000,000
Benefits paid to or for members in previous yearUSD $ 2,000,507
Grants and similar amounts paid in current yearUSD $ 14,228
Grants and similar amounts paid in previous yearUSD $ 14,760
Total revenue in current fiscal yearUSD $ 53,511,137
Total revenue in previous fiscal yearUSD $ 52,323,217
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 447,149
Gross sales of inventory assetsUSD $ 402,323
2020-12-31
Total unrelated business incomeUSD $ 8,002
Net unrelated business incomeUSD $ 11,704
Program Service Revenue from prior yearUSD $ 52,092,072
Program Service Revenue from current yearUSD $ 52,272,525
Investment Income from prior yearUSD $ 412,841
Investment Income from current yearUSD $ 190,218
Other Revenue from prior yearUSD $ -163,113
Other Revenue from current yearUSD $ -139,526
Gross receipts from all sourcesUSD $ 52,730,470
Net assets / fund balances at end of fiscal yearUSD $ 67,387,857
Net assets / fund balances at beginning of fiscal yearUSD $ 63,146,440
Total liabilities at end of fiscal yearUSD $ 68,730,734
Total liabilities at beginning of fiscal yearUSD $ 64,698,664
Total assets at end of fiscal yearUSD $ 136,118,591
Total assets at beginning of fiscal yearUSD $ 127,845,104
Revenues less expenses for current yearUSD $ 3,000,693
Revenues less expenses for previous yearUSD $ 2,999,728
Total expenses for current yearUSD $ 49,322,524
Total expenses for previous yearUSD $ 49,342,072
Other expenses in current yearUSD $ 43,883,000
Other expenses in previous yearUSD $ 44,259,416
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 3,424,257
Employee salary and benefits paid in previous yearUSD $ 2,844,838
Benefits paid to or for members in current yearUSD $ 2,000,507
Benefits paid to or for members in previous yearUSD $ 2,217,414
Grants and similar amounts paid in current yearUSD $ 14,760
Grants and similar amounts paid in previous yearUSD $ 20,404
Total revenue in current fiscal yearUSD $ 52,323,217
Total revenue in previous fiscal yearUSD $ 52,341,800
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 391,681
Gross sales of inventory assetsUSD $ 251,405
2019-12-31
Total unrelated business incomeUSD $ 500
Net unrelated business incomeUSD $ 2,271
Program Service Revenue from prior yearUSD $ 55,993,096
Program Service Revenue from current yearUSD $ 52,092,072
Investment Income from prior yearUSD $ 341,168
Investment Income from current yearUSD $ 412,841
Other Revenue from prior yearUSD $ 80,251
Other Revenue from current yearUSD $ -163,113
Gross receipts from all sourcesUSD $ 52,800,111
Net assets / fund balances at end of fiscal yearUSD $ 63,146,440
Net assets / fund balances at beginning of fiscal yearUSD $ 58,824,242
Total liabilities at end of fiscal yearUSD $ 64,698,664
Total liabilities at beginning of fiscal yearUSD $ 66,079,237
Total assets at end of fiscal yearUSD $ 127,845,104
Total assets at beginning of fiscal yearUSD $ 124,903,479
Revenues less expenses for current yearUSD $ 2,999,728
Revenues less expenses for previous yearUSD $ 3,870,607
Total expenses for current yearUSD $ 49,342,072
Total expenses for previous yearUSD $ 52,543,908
Other expenses in current yearUSD $ 44,259,416
Other expenses in previous yearUSD $ 44,976,616
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 2,844,838
Employee salary and benefits paid in previous yearUSD $ 3,448,109
Benefits paid to or for members in current yearUSD $ 2,217,414
Benefits paid to or for members in previous yearUSD $ 4,098,220
Grants and similar amounts paid in current yearUSD $ 20,404
Grants and similar amounts paid in previous yearUSD $ 20,963
Total revenue in current fiscal yearUSD $ 52,341,800
Total revenue in previous fiscal yearUSD $ 56,414,515
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Gross income from fundraising eventsUSD $ 0
Cost of goods soldUSD $ 458,311
Gross income from gamingUSD $ 0
Gross sales of inventory assetsUSD $ 278,749
Total of other revenueUSD $ 15,699
2018-12-31
Total unrelated business incomeUSD $ 2,298
Net unrelated business incomeUSD $ 13,172
Program Service Revenue from prior yearUSD $ 53,478,555
Program Service Revenue from current yearUSD $ 55,993,096
Investment Income from prior yearUSD $ 249,224
Investment Income from current yearUSD $ 341,168
Other Revenue from prior yearUSD $ 326,219
Other Revenue from current yearUSD $ 80,251
Gross receipts from all sourcesUSD $ 56,792,763
Net assets / fund balances at end of fiscal yearUSD $ 58,824,242
Net assets / fund balances at beginning of fiscal yearUSD $ 51,499,607
Total liabilities at end of fiscal yearUSD $ 66,079,237
Total liabilities at beginning of fiscal yearUSD $ 61,873,673
Total assets at end of fiscal yearUSD $ 124,903,479
Total assets at beginning of fiscal yearUSD $ 113,373,280
Revenues less expenses for current yearUSD $ 3,870,607
Revenues less expenses for previous yearUSD $ 2,818,105
Total expenses for current yearUSD $ 52,543,908
Total expenses for previous yearUSD $ 51,235,893
Other expenses in current yearUSD $ 44,976,616
Other expenses in previous yearUSD $ 45,489,014
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 3,448,109
Employee salary and benefits paid in previous yearUSD $ 3,398,948
Benefits paid to or for members in current yearUSD $ 4,098,220
Benefits paid to or for members in previous yearUSD $ 2,323,606
Grants and similar amounts paid in current yearUSD $ 20,963
Grants and similar amounts paid in previous yearUSD $ 24,325
Total revenue in current fiscal yearUSD $ 56,414,515
Total revenue in previous fiscal yearUSD $ 54,053,998
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Gross income from fundraising eventsUSD $ 0
Cost of goods soldUSD $ 378,248
Gross income from gamingUSD $ 0
Gross sales of inventory assetsUSD $ 310,805
Total of other revenueUSD $ 141,117
2017-12-31
Total unrelated business incomeUSD $ 14,653
Program Service Revenue from prior yearUSD $ 49,054,886
Program Service Revenue from current yearUSD $ 53,478,555
Investment Income from prior yearUSD $ 196,362
Investment Income from current yearUSD $ 249,224
Other Revenue from prior yearUSD $ 369,552
Other Revenue from current yearUSD $ 326,219
Gross receipts from all sourcesUSD $ 54,477,234
Net assets / fund balances at end of fiscal yearUSD $ 51,499,607
Net assets / fund balances at beginning of fiscal yearUSD $ 47,280,572
Total liabilities at end of fiscal yearUSD $ 61,873,673
Total liabilities at beginning of fiscal yearUSD $ 61,559,005
Total assets at end of fiscal yearUSD $ 113,373,280
Total assets at beginning of fiscal yearUSD $ 108,839,577
Revenues less expenses for current yearUSD $ 2,818,105
Revenues less expenses for previous yearUSD $ 2,561,737
Total expenses for current yearUSD $ 51,235,893
Total expenses for previous yearUSD $ 47,059,063
Other expenses in current yearUSD $ 45,489,014
Other expenses in previous yearUSD $ 44,163,616
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 3,398,948
Employee salary and benefits paid in previous yearUSD $ 431,587
Benefits paid to or for members in current yearUSD $ 2,323,606
Benefits paid to or for members in previous yearUSD $ 2,463,860
Grants and similar amounts paid in current yearUSD $ 24,325
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 54,053,998
Total revenue in previous fiscal yearUSD $ 49,620,800
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Gross income from fundraising eventsUSD $ 0
Cost of goods soldUSD $ 423,236
Gross income from gamingUSD $ 0
Gross sales of inventory assetsUSD $ 281,374
Total of other revenueUSD $ 459,919
2016-12-31
Total unrelated business incomeUSD $ 17,325
Program Service Revenue from prior yearUSD $ 44,799,982
Program Service Revenue from current yearUSD $ 49,054,886
Investment Income from prior yearUSD $ 169,763
Investment Income from current yearUSD $ 196,362
Other Revenue from prior yearUSD $ 1,467,781
Other Revenue from current yearUSD $ 369,552
Gross receipts from all sourcesUSD $ 50,011,280
Net assets / fund balances at end of fiscal yearUSD $ 47,280,572
Net assets / fund balances at beginning of fiscal yearUSD $ 43,100,709
Total liabilities at end of fiscal yearUSD $ 61,559,005
Total liabilities at beginning of fiscal yearUSD $ 57,267,906
Total assets at end of fiscal yearUSD $ 108,839,577
Total assets at beginning of fiscal yearUSD $ 100,368,615
Revenues less expenses for current yearUSD $ 2,561,737
Revenues less expenses for previous yearUSD $ 2,561,832
Total expenses for current yearUSD $ 47,059,063
Total expenses for previous yearUSD $ 43,875,694
Other expenses in current yearUSD $ 44,163,616
Other expenses in previous yearUSD $ 42,483,811
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 431,587
Employee salary and benefits paid in previous yearUSD $ 391,883
Benefits paid to or for members in current yearUSD $ 2,463,860
Benefits paid to or for members in previous yearUSD $ 1,000,000
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 49,620,800
Total revenue in previous fiscal yearUSD $ 46,437,526
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Cost of goods soldUSD $ 390,480
Gross sales of inventory assetsUSD $ 272,204
Total of other revenueUSD $ 486,618

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 421378565

USA Mailing Address
1005 E LINCOLNWAY
JEFFERSON
IA
50129
Date first seen: 2007-01-01
Date last seen: 2025-09-30
USA Mailing Address
2005 S STORY STREET PO BOX 368
BOONE
IA
50036
Date first seen: 2007-01-01
Date last seen: 2025-09-30

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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