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SOUTHWEST IOWA REC

EIN 20-0538386 CORNING, IA

Browse the largest nonprofits in Iowa

Revenue 2025
$14,696,029
Expenses 2025
$13,991,236

As filed

Subsection
12
NTEE code
M20
Classification
1000
Street
2248 AVENUE OF INDUSTRIES

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 DISTRIBUTE ELECTRIC ENERGY TO OUR MEMBER-CONSUMERS OF RURAL RESIDENTIAL, SMALL COMMERCIAL, LARGE POWER AND PUBLIC AUTHORITY USERS IN A MANNER CONSISTENT WITH SOUND BUSINESS PRACTICES.

Activities or mission (Part I)

TO DISTRIBUTE ELECTRIC ENERGY TO OUR MEMBERS IN A MANNER CONSISTENT WITH SOUND BUSINESS PRACTICES.

  • WE DISTRIBUTED ELECTRIC ENERGY TO 6,095 MEMBER-CONSUMERS OF RURAL RESIDENTIAL, SMALL COMMERCIAL, LARGE POWER AND PUBLIC AUTHORITY USERS IN A MANNER CONSISTENT WITH SOUND BUSINESS PRACTICES. WE INSTALLED 75 NEW SERVICES AND RETIRED 73 SERVICES. WE ADDED 2.54 MILES OF OVERHEAD LINE AND RETIRED 1.86 MILES OF OVERHEAD LINE. WE INSTALLED 4.41 MILES OF UNDERGROUND LINE AND RETIRED 0.85 MILES OF UNDERGROUND LINE.

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.

  • Marilyn Werner

    PRESIDENT

    Total calculated
    $10,150
    From this org
    $10,150
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.41
  • Mark Herzberg

    VICE PRESIDENT

    Total calculated
    $4,000
    From this org
    $4,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.9
  • Kay Fast-Deyoe

    SECRETARY

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.19
  • Jason Smith

    TREASURER

    Total calculated
    $3,250
    From this org
    $3,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.16
  • Adam Boswell

    DIRECTOR

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.71
  • Dana Morgan

    DIRECTOR

    Total calculated
    $4,750
    From this org
    $4,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.88
  • Dale Walkup

    DIRECTOR

    Total calculated
    $3,750
    From this org
    $3,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    2
  • Terry Barnes

    DIRECTOR

    Total calculated
    $4,500
    From this org
    $4,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.64
  • Alan Spencer

    DIRECTOR

    Total calculated
    $3,500
    From this org
    $3,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.62
  • Bonnie Larson

    DIRECTOR

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.33
  • Justin Akers

    DIRECTOR

    Total calculated
    $1,000
    From this org
    $1,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.15
  • Phil Kinser

    CEO/GENERAL MANAGER

    Total calculated
    $237,855
    From this org
    $195,521
    From related orgs
    $0
    Other
    $42,334
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,521
    Bonus
    $0
    Other
    $0
    Deferred
    $16,770
    Nontaxable benefits
    $25,564
    Filer's total
    $237,855
  • Justin Murphy

    DIRECTOR OF OPERATIONS

    Total calculated
    $147,646
    From this org
    $110,914
    From related orgs
    $0
    Other
    $36,732
    Hours/week
    40
  • Shayne Larson

    LINEMAN

    Total calculated
    $139,936
    From this org
    $105,023
    From related orgs
    $0
    Other
    $34,913
    Hours/week
    44
  • Lester Helvie

    FOREMAN

    Total calculated
    $137,510
    From this org
    $101,089
    From related orgs
    $0
    Other
    $36,421
    Hours/week
    43
  • Sarah Newton

    DIRECTOR OF FINANCE & ADMIN. SERV.

    Total calculated
    $135,330
    From this org
    $100,531
    From related orgs
    $0
    Other
    $34,799
    Hours/week
    40
  • Lucas Brockshus

    LINEMAN

    Total calculated
    $131,595
    From this org
    $102,018
    From related orgs
    $0
    Other
    $29,577
    Hours/week
    45

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
    $14,696,029
    Expenses
    $13,991,236
    Contributions
    $0
    Grants paid
    $0
  • 2023
    Revenue
    $13,189,954
    Expenses
    $12,619,217
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $13,250,356
    Expenses
    $12,995,080
    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
    $12,865,419
    Expenses
    $12,865,419
    Assets (EOY)
    $40,599,568
  • 2020 · 990

    Revenue
    $12,851,951
    Expenses
    $12,851,951
    Assets (EOY)
    $39,579,999

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.

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 9 November 2026 and read 9 November 2026, for every organization at once. Returns through tax year 2025, the newest we have parsed for this organization.