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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 2022. Filed on July 1, 2023.

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 2022 IRS Form 990 filing, Adams Electric Cooperative, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 7 out of 44 total employees. Among the employees shown here, the average compensation is $183,675. The highest compensated employee at Adams Electric Cooperative is James Thompson with fiscal year 2022 compensation of $320,001.

Revenue, expenses, and employee compensation

Revenue

$26,550,065

Expenses

$26,550,065

Employee compensation

$427,802
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

James Thompson
General Manager
$320,001
$233,312 No related comp$86,689
Steven Jennings
Manager of Finance
$198,152
$124,105 No related comp$74,047
Tim Brecht
Mgr Eng and Ops
$196,443
$116,499 No related comp$79,944
Chad Reische
Line Foreman
$154,548
$110,759 No related comp$43,789
Austin Aschemann
Lineman
$142,874
$115,179 No related comp$27,695
Logan Schutte
Lineman
$138,477
$114,942 No related comp$23,535
Nathan Smith
Line Foreman
$135,228
$114,350 No related comp$20,878

Benchmark Employee Compensation

Non-Employee Board Members

Thomas Travis
Treasurer
$4,200
$4,200 No related compNo other comp
Laura Meyer
Vice President
$3,600
$3,600 No related compNo other comp
Rebecca Barlow
President
$3,400
$3,400 No related compNo other comp
Eric Ewing
Director
$3,200
$3,200 No related compNo other comp
Kristina Farwell
Secretary
$3,200
$3,200 No related compNo other comp
Rex Niekamp
Director
$2,850
$2,850 No related compNo other comp
James Ward
Director
$2,400
$2,400 No related compNo other comp
Brent Clair
Director
$2,400
$2,400 No related compNo other comp
Glen Koch
Director
$2,400
$2,400 No related compNo other comp

Contractors

Grizzly Tree & Vegetation Control
Row Clearing
$339,403
Sellenriek Energy LLC
Line Construction
$284,021

Mission Statement

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

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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