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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Adams Electric Cooperative

Adams Electric Cooperative

Fiscal year ending 2024. Filed on April 11, 2025.

PO Box 247
Camp Point, Illinois 62320

Adams Electric Cooperative (EIN: 37-0147965) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Adams Electric Cooperative, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 7 out of 41 total employees. Among the employees shown here, the average compensation is $189,022. The highest compensated employee at Adams Electric Cooperative is James Thompson with fiscal year 2024 compensation of $342,947.

Revenue, expenses, and employee compensation

Revenue

$28,284,162

Expenses

$28,284,162

Employee compensation

$528,027
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

James Thompson
General Manager
$342,947
$252,447 No related comp$90,500
Duane Jones
Line Foreman
$188,975
$144,575 No related comp$44,400
Gary Wagner
Journeyman Lineman
$165,542
$134,610 No related comp$30,932
Garrett Kestner
Journeyman Lineman
$162,441
$131,522 No related comp$30,919
Tara Neisen
Mgr of Finance and Accountin
$157,144
$104,006 No related comp$53,138
Brennan Caspermeyer
Line Foreman
$153,550
$130,881 No related comp$22,669
Cole Wellman
Journeyman Lineman
$152,557
$140,699 No related comp$11,858

Benchmark Employee Compensation

Non-Employee Board Members

Rebecca Barlow
Director
$5,700
$5,700 No related compNo other comp
Rex Niekamp
Director
$5,450
$5,450 No related compNo other comp
Laura Meyer
President
$4,950
$4,950 No related compNo other comp
Brent Clair
Director
$4,900
$4,900 No related compNo other comp
Glen Koch
Director
$4,800
$4,800 No related compNo other comp
Eric Ewing
Director
$4,750
$4,750 No related compNo other comp
Thomas Travis
Secretary
$4,650
$4,650 No related compNo other comp
James Ward
Treasurer
$4,450
$4,450 No related compNo other comp
Kristina Farwell
Vice President
$3,500
$3,500 No related compNo other comp

Contractors

Shade Tree
Row Clearing
$215,956
Vmc Vegetation Management
Row Clearing
$204,377
Osmose Utilities Service
Pole Inspections
$160,807

Mission Statement

Provide electric service to over 8,900 members on a cooperative basis

Other organizations also named Adams Electric Cooperative

Adams Electric Cooperative Inc.
Gettysburg, Pennsylvania

Revisions to this organization profile

April 11, 2025:
2024 Adams Electric Cooperative 990 filed
October 25, 2024:
2023 Adams Electric Cooperative 990 filed
July 1, 2023:
2022 Adams Electric Cooperative 990 filed

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