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MIDLAND POWER COOPERATIVE

EIN 42-1378565 BOONE, IA

Browse the largest nonprofits in Iowa

Revenue 2024
$60,066,585
Expenses 2024
$54,373,167

As filed

Subsection
12
Classification
1000
Street
2005 S STORY ST

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

Mission

TO SAFELY PROVIDE RELIABLE, AFFORDABLE, AND RESPONSIBLE ELECTRIC SERVICE WHILE ENHANCING THE COMMUNITIES WE SERVE.

Activities or mission (Part I)

SALE OF ELECTRICITY TO MEMBERS IN CENTRAL IOWA.

  • MIDLAND POWER IS A RURAL ELECTRIC COOPERATIVE THAT PROVIDES ELECTRICITY TO ITS MEMBERS.

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Mike Coleman

    PRESIDENT

    Total calculated
    $18,196
    From this org
    $18,196
    From related orgs
    $0
    Other
    $0
    Hours/week
    8.7
  • Rick Thompson

    VICE PRESIDENT

    Total calculated
    $6,647
    From this org
    $6,647
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.9
  • Kimberley Rinker

    TREASURER

    Total calculated
    $9,142
    From this org
    $9,142
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.5
  • Randy Christensen

    SECRETARY

    Total calculated
    $5,821
    From this org
    $5,821
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.5
  • Joel Skow

    ASSIST SECRETARY/TREASURER

    Total calculated
    $11,978
    From this org
    $11,978
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.4
  • James Byriel

    DIRECTOR

    Total calculated
    $11,060
    From this org
    $11,060
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.4
  • William Harleen

    DIRECTOR

    Total calculated
    $5,522
    From this org
    $5,522
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.1
  • Paul Heineman

    DIRECTOR

    Total calculated
    $6,069
    From this org
    $6,069
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.1
  • Tom Ingebritson

    DIRECTOR (UNTIL 08/24)

    Total calculated
    $6,842
    From this org
    $6,842
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.1
  • Francis Buckel

    DIRECTOR (BEG 08/24)

    Total calculated
    $3,656
    From this org
    $3,656
    From related orgs
    $0
    Other
    $0
    Hours/week
    3
  • Doug Robey

    DIRECTOR

    Total calculated
    $4,832
    From this org
    $4,832
    From related orgs
    $0
    Other
    $0
    Hours/week
    3
  • Paul Skartvedt

    DIRECTOR (BEG 07/24)

    Total calculated
    $3,780
    From this org
    $3,780
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3
  • James Viekandt

    DIRECTOR

    Total calculated
    $7,030
    From this org
    $7,030
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.7
  • William McKim

    CEO

    Total calculated
    $314,953
    From this org
    $218,722
    From related orgs
    $0
    Other
    $96,231
    Hours/week
    50.5

    Schedule J breakdown matched by us

    Base
    $205,521
    Bonus
    $0
    Other
    $13,201
    Deferred
    $76,195
    Nontaxable benefits
    $21,807
    Filer's total
    $316,724
  • Dan Kyle

    VP OF OPERATIONS

    Total calculated
    $220,979
    From this org
    $141,799
    From related orgs
    $0
    Other
    $79,180
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $135,394
    Bonus
    $0
    Other
    $6,405
    Deferred
    $55,127
    Nontaxable benefits
    $25,336
    Filer's total
    $222,262
  • Jill Gannon

    VP OF ADMINISTRATION

    Total calculated
    $180,515
    From this org
    $136,886
    From related orgs
    $0
    Other
    $43,629
    Hours/week
    41.9

    Schedule J breakdown matched by us

    Base
    $135,531
    Bonus
    $0
    Other
    $1,355
    Deferred
    $14,905
    Nontaxable benefits
    $30,033
    Filer's total
    $181,824
  • Scott Benz

    LINE FOREMAN

    Total calculated
    $198,104
    From this org
    $150,962
    From related orgs
    $0
    Other
    $47,142
    Hours/week
    57.5

    Schedule J breakdown matched by us

    Base
    $149,615
    Bonus
    $1,347
    Other
    $0
    Deferred
    $16,838
    Nontaxable benefits
    $31,345
    Filer's total
    $199,145
  • Justin Schmidt

    LINE FOREMAN

    Total calculated
    $186,152
    From this org
    $142,836
    From related orgs
    $0
    Other
    $43,316
    Hours/week
    49.9

    Schedule J breakdown matched by us

    Base
    $142,297
    Bonus
    $539
    Other
    $0
    Deferred
    $16,583
    Nontaxable benefits
    $27,773
    Filer's total
    $187,192
  • Brian Killeen

    LINE SUPERINTENDENT

    Total calculated
    $169,350
    From this org
    $130,372
    From related orgs
    $0
    Other
    $38,978
    Hours/week
    41.5

    Schedule J breakdown matched by us

    Base
    $129,796
    Bonus
    $0
    Other
    $576
    Deferred
    $13,801
    Nontaxable benefits
    $26,426
    Filer's total
    $170,599
  • Barry Munson

    LINE FOREMAN

    Total calculated
    $160,445
    From this org
    $134,030
    From related orgs
    $0
    Other
    $26,415
    Hours/week
    48.1

    Schedule J breakdown matched by us

    Base
    $132,719
    Bonus
    $1,311
    Other
    $0
    Deferred
    $16,545
    Nontaxable benefits
    $10,882
    Filer's total
    $161,457
  • Lucas Shipley

    LINEMAN

    Total calculated
    $165,459
    From this org
    $122,339
    From related orgs
    $0
    Other
    $43,120
    Hours/week
    48.1

    Schedule J breakdown matched by us

    Base
    $121,848
    Bonus
    $491
    Other
    $0
    Deferred
    $15,255
    Nontaxable benefits
    $28,815
    Filer's total
    $166,409

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $60,066,585
    Expenses
    $54,373,167
    Contributions
    $0
    Grants paid
    $8,126
  • 2023
    Revenue
    $57,409,878
    Expenses
    $54,154,849
    Contributions
    $0
    Grants paid
    $19,353
  • 2022
    Revenue
    $57,765,405
    Expenses
    $54,339,214
    Contributions
    $0
    Grants paid
    $20,029

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $53,511,137
    Expenses
    $51,159,361
    Assets (EOY)
    $144,949,480
  • 2020 · 990

    Revenue
    $52,323,217
    Expenses
    $49,322,524
    Assets (EOY)
    $136,118,591
  • 2019 · 990

    Revenue
    $52,341,800
    Expenses
    $49,342,072
    Assets (EOY)
    $127,845,104
  • 2018 · 990

    Revenue
    $56,414,515
    Expenses
    $52,543,908
    Assets (EOY)
    $124,903,479
  • 2017 · 990

    Revenue
    $54,053,998
    Expenses
    $51,235,893
    Assets (EOY)
    $113,373,280
  • 2016 · 990

    Revenue
    $49,620,800
    Expenses
    $47,059,063
    Assets (EOY)
    $108,839,577
  • 2013 · 990

    Revenue
    $45,609,057
    Expenses
    $43,804,040
    Assets (EOY)
    $86,317,727
  • 2012 · 990

    Revenue
    not reported
    Expenses
    $34,440,772
    Assets (EOY)
    $70,390,557
  • 2012 · 990

    Revenue
    not reported
    Expenses
    $35,077,266
    Assets (EOY)
    $70,390,557
  • 2011 · 990

    Revenue
    not reported
    Expenses
    $33,095,864
    Assets (EOY)
    $63,268,671

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared as related by

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Not present in the most recent drop.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.