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HEARTLAND POWER COOPERATIVE

EIN 42-1468305 THOMPSON, IA

Largest nonprofits in Iowa

Revenue 2024
$33,661,165
Expenses 2024
$33,276,676

As filed

Subsection
12
Classification
4000
Street
11464 HWY 9

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

OUR VISION IS TO BE THE PROVIDER OF CHOICE FOR ENERGY AND SERVICES BY ALL CONSUMERS. OUR PRIMARY PURPOSE IS TO PROVIDE ELECTRICAL ENERGY AND OTHER SERVICES THAT ENHANCE THE QUALITY OF LIFE OF OUR MEMBERS AND THE ECONOMIC AND SOCIAL WELL-BEING OF THE REGION AT THE LOWEST POSSIBLE COST CONSISTENT WITH SOUND ECONOMIC AND MANAGEMENT DECISIONS.

Activities or mission (Part I)

TO PROVIDE ELECTRICITY TO RURAL COMMUNITIES.

  • HEARTLAND POWER COOPERATIVE INVESTED IN NEW SERVICE LINES, LINE AND SERVICE IMPROVEMENTS, AND ORDINARY REPLACEMENT OF EXISTING LINE TO KEEP UP THE CONDITION OF OUR DISTRIBUTION SYSTEM. A SUMMARY OF THESE IMPROVEMENTS IS LISTED BELOW:8 MILES OF OVERHEAD LINE WAS REBUILT37.8 MILES OF UNDERGROUND LINE WAS INSTALLED25 NEW SERVICES CONNECTED421 NEW POLES WERE PLACED FOR NEW LINE, NEW SERVICES, AND FOR ORDINARY REPLACEMENT OF DAMAGED OR DECAYED POLES OR FOR BETTER LINE CLEARANCE4,470 POLES WERE INSPECTED FOR DECAY OR DAMAGE, 54 POLES TAGGED FOR REPLACEMENT767 ARRESTORS WERE ADDED TO LINES TO DRAIN OFF LIGHTNING SURGES48 ELECTRONIC TRIP SAVERS WERE INSTALLED TO IMPROVE RELIABILITY AND REDUCE OUTAGES183 SECURITY LIGHTS WERE REPAIRED116 POLES WITH EQUIPMENT WERE REPAIRED

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

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.

  • Don Knudtson

    PRESIDENT

    Total calculated
    $10,530
    From this org
    $10,530
    From related orgs
    $0
    Other
    $0
    Hours/week
    8
  • Mark Kingland

    VICE PRESIDENT

    Total calculated
    $8,100
    From this org
    $8,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    7
  • Vince Morische

    SECRETARY

    Total calculated
    $9,775
    From this org
    $9,775
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.5
  • Gary Pearson

    ASST. SECRETARY-TREASURER UTL. 03/24

    Total calculated
    $825
    From this org
    $825
    From related orgs
    $0
    Other
    $0
    Hours/week
    5
  • Michael Cole

    ASST. SECRETARY TREASURER FROM 03/24

    Total calculated
    $9,500
    From this org
    $9,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.5
  • Roger Solomonson

    DIRECTOR

    Total calculated
    $11,400
    From this org
    $11,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    7
  • Tricia Jaeger

    TREASURER

    Total calculated
    $9,225
    From this org
    $9,225
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.5
  • Steven Groth

    DIRECTOR FROM 03/24

    Total calculated
    $1,800
    From this org
    $1,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    5
  • Jon Leerar

    CEO/GENERAL MANAGER

    Total calculated
    $394,854
    From this org
    $219,798
    From related orgs
    $0
    Other
    $175,056
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $219,798
    Bonus
    $0
    Other
    $0
    Deferred
    $139,079
    Nontaxable benefits
    $35,977
    Filer's total
    $394,854
  • Karrie Pringnitz

    DIRECTOR OF FINANCE

    Total calculated
    $219,513
    From this org
    $132,928
    From related orgs
    $0
    Other
    $86,585
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $132,928
    Bonus
    $0
    Other
    $0
    Deferred
    $52,857
    Nontaxable benefits
    $34,001
    Filer's total
    $219,786
  • Dave Low

    DIRECTOR OF OPERATIONS

    Total calculated
    $214,041
    From this org
    $124,485
    From related orgs
    $0
    Other
    $89,556
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $124,485
    Bonus
    $0
    Other
    $0
    Deferred
    $71,248
    Nontaxable benefits
    $18,308
    Filer's total
    $214,041
  • Jarrett Woods

    FIRST CLASS LINEMAN

    Total calculated
    $128,709
    From this org
    $109,475
    From related orgs
    $0
    Other
    $19,234
    Hours/week
    40
  • Pete Paulson

    LINE FOREMAN

    Total calculated
    $257,752
    From this org
    $108,482
    From related orgs
    $0
    Other
    $149,270
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $108,482
    Bonus
    $0
    Other
    $0
    Deferred
    $114,805
    Nontaxable benefits
    $34,465
    Filer's total
    $257,752
  • Gabe Mayer

    LINE FOREMAN

    Total calculated
    $200,323
    From this org
    $106,511
    From related orgs
    $0
    Other
    $93,812
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $106,511
    Bonus
    $0
    Other
    $0
    Deferred
    $66,934
    Nontaxable benefits
    $26,878
    Filer's total
    $200,323
  • Colton Skarpohl-Ost

    LINEMAN

    Total calculated
    $131,045
    From this org
    $106,264
    From related orgs
    $0
    Other
    $24,781
    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

  • 2024
    Revenue
    $33,661,165
    Expenses
    $33,276,676
    Contributions
    $0
    Grants paid
    $0
  • 2023
    Revenue
    $31,295,055
    Expenses
    $29,841,744
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $29,708,110
    Expenses
    $29,197,113
    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
    $24,643,781
    Expenses
    $23,914,066
    Assets (EOY)
    $55,926,018
  • 2020 · 990

    Revenue
    $27,879,416
    Expenses
    $27,655,584
    Assets (EOY)
    $54,949,765
  • 2019 · 990

    Revenue
    $29,909,949
    Expenses
    $29,534,949
    Assets (EOY)
    $57,654,349
  • 2018 · 990

    Revenue
    $29,461,187
    Expenses
    $29,159,906
    Assets (EOY)
    $50,865,057
  • 2017 · 990

    Revenue
    $29,393,369
    Expenses
    $28,963,369
    Assets (EOY)
    $48,392,088
  • 2016 · 990

    Revenue
    $28,174,313
    Expenses
    $27,744,313
    Assets (EOY)
    $45,887,756
  • 2015 · 990

    Revenue
    $27,872,124
    Expenses
    $27,442,123
    Assets (EOY)
    $44,543,331
  • 2014 · 990

    Revenue
    $26,549,224
    Expenses
    $26,119,224
    Assets (EOY)
    $40,967,978
  • 2013 · 990

    Revenue
    $25,052,514
    Expenses
    $24,742,513
    Assets (EOY)
    $39,299,533
  • 2012 · 990

    Revenue
    not reported
    Expenses
    $23,737,558
    Assets (EOY)
    $37,524,946

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.