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FRANKLIN RURAL ELECTRIC COOP

EIN 42-0260720 HAMPTON, IA

Largest nonprofits in Iowa

Revenue 2025
$9,895,929
Expenses 2025
$9,458,126

As filed

Subsection
12
Classification
4000
Street
PO BOX 437

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 · 2025

Mission

TO PROVIDE RELIABLE AND AFFORDABLE ELECTRICITY TO OUR MEMBERS

  • THE SALE OF ENERGY AND RELATED SERVICES TO APPROXIMATELY 1,442 MEMBERS.

As filed on the 2025 return.

Officers and directors · 2025

As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Gordon Greimann

    PRESIDENT

    Total calculated
    $8,000
    From this org
    $8,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.4
  • John Snyder

    VICE PRESIDENT

    Total calculated
    $7,680
    From this org
    $7,680
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.8
  • Darwin Van Horn

    SECRETARY/TREASURER

    Total calculated
    $7,680
    From this org
    $7,680
    From related orgs
    $0
    Other
    $0
    Hours/week
    1
  • David Keninger

    DIRECTOR

    Total calculated
    $3,840
    From this org
    $3,840
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.7
  • Don Greimann

    DIRECTOR

    Total calculated
    $5,760
    From this org
    $5,760
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.1
  • Matthew Roelfs

    DIRECTOR

    Total calculated
    $4,800
    From this org
    $4,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.5
  • Dale Schaefer

    DIRECTOR

    Total calculated
    $6,080
    From this org
    $6,080
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.1
  • Garrett Thompson

    GENERAL MANAGER

    Total calculated
    $179,850
    From this org
    $134,587
    From related orgs
    $0
    Other
    $45,263
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,587
    Bonus
    $0
    Other
    $0
    Deferred
    $21,473
    Nontaxable benefits
    $23,790
    Filer's total
    $179,850
  • Karen Ringleb

    OFFICE MANAGER/ACCOUNTANT

    Total calculated
    $152,400
    From this org
    $88,773
    From related orgs
    $0
    Other
    $63,627
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $88,773
    Bonus
    $0
    Other
    $0
    Deferred
    $26,994
    Nontaxable benefits
    $36,633
    Filer's total
    $152,400
  • Chad Foster

    MEMBER SERVICE

    Total calculated
    $139,371
    From this org
    $102,102
    From related orgs
    $0
    Other
    $37,269
    Hours/week
    40
  • Tom Demro

    CREW CHIEF

    Total calculated
    $137,753
    From this org
    $112,047
    From related orgs
    $0
    Other
    $25,706
    Hours/week
    40
  • Cole Marzen

    CREW CHIEF

    Total calculated
    $141,327
    From this org
    $120,673
    From related orgs
    $0
    Other
    $20,654
    Hours/week
    40
  • Austin Neff

    LINEMAN

    Total calculated
    $134,213
    From this org
    $112,160
    From related orgs
    $0
    Other
    $22,053
    Hours/week
    40
  • Trey Swaney

    APPRENTICE LINEMAN

    Total calculated
    $120,739
    From this org
    $102,043
    From related orgs
    $0
    Other
    $18,696
    Hours/week
    40

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

  • 2025
    Revenue
    $9,895,929
    Expenses
    $9,458,126
    Contributions
    $0
    Grants paid
    $0
  • 2024
    Revenue
    $9,100,289
    Expenses
    $9,100,289
    Contributions
    $0
    Grants paid
    $0
  • 2023
    Revenue
    $9,081,971
    Expenses
    $8,490,300
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $8,423,010
    Expenses
    $8,423,010
    Contributions
    $0
    Grants paid
    $0

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
    $8,127,748
    Expenses
    $8,127,750
    Assets (EOY)
    $19,806,688
  • 2020 · 990

    Revenue
    $7,991,273
    Expenses
    $7,824,589
    Assets (EOY)
    $20,035,345
  • 2019 · 990

    Revenue
    $8,174,045
    Expenses
    $8,036,400
    Assets (EOY)
    $17,217,194
  • 2018 · 990

    Revenue
    $8,310,117
    Expenses
    $8,177,429
    Assets (EOY)
    $15,967,787
  • 2017 · 990

    Revenue
    $7,785,852
    Expenses
    $7,479,146
    Assets (EOY)
    $15,524,105
  • 2016 · 990

    Revenue
    $7,953,848
    Expenses
    $7,451,755
    Assets (EOY)
    $14,941,994
  • 2015 · 990

    Revenue
    $7,415,031
    Expenses
    $7,269,557
    Assets (EOY)
    $14,033,931
  • 2014 · 990

    Revenue
    $7,475,331
    Expenses
    $7,350,724
    Assets (EOY)
    $13,076,164
  • 2013 · 990

    Revenue
    $7,282,907
    Expenses
    $7,068,358
    Assets (EOY)
    $12,848,040
  • 2012 · 990

    Revenue
    not reported
    Expenses
    $6,330,021
    Assets (EOY)
    $12,005,726

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

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Related partnerships on its 2025 return

  • FRANKLIN REC SOLAR LLC

    SOLAR ENERGY · IA · share of income -$34,953 · share of assets $71,310

Related corporations and trusts on its 2025 return

  • ENCOMPASS FREC LLC

    C · SOLAR ACTIVITY · IA · 100% owned · share of assets $318,395

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 2025, the newest we have parsed for this organization.