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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 Central Iowa Power Cooperative

Central Iowa Power Cooperative

Fiscal year ending 2019. Filed on November 6, 2020.

PO Box 2517
Cedar Rapids, Iowa 52406

Central Iowa Power Cooperative (EIN: 42-0652127) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2019 IRS Form 990 filing, Central Iowa Power Cooperative, a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 12 out of 131 total employees. Among the employees shown here, the average compensation is $229,119. The highest compensated employee at Central Iowa Power Cooperative is William Cherrier with fiscal year 2019 compensation of $466,016.

Revenue, expenses, and employee compensation

Revenue

$191,715,419

Expenses

$190,044,874

Employee compensation

$11,524,032
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

William Cherrier
Executive Vice President and Chief Executive Officer
$466,016
$412,916 No related comp$53,100
Rand Fisher
President of IADG
$396,223
$334,039 No related comp$62,184
Daniel Burns
Vice President Utility Operations
$245,436
$182,986 No related comp$62,450
Paul Hofman
Vice President, Information Technology
$242,602
$185,694 No related comp$56,908
Bruce Nuzum
Vice President Finance of IADG
$219,142
$170,821 No related comp$48,321
Andrew st John
Vice President and Chief Financial Officer
$208,422
$175,405 No related comp$33,017
Dawn Sly-Terpstra
Vice President Member Relations
$207,111
$176,266 No related comp$30,845
Memorea Schrader
Part-Year Vice President Human Resources
$189,301
$156,076 No related comp$33,225
Dusky Terry
Part-Year Vice President Planning and Growth Strategies
$179,213
$141,171 No related comp$38,042
Terry Fett
Director - Engineering and Operations
$175,299
$137,903 No related comp$37,396
David Duncan
Resource Planning Consultant
$169,807
$135,212 No related comp$34,595
Paul Heineman
Board President
$50,861
$50,861 No related compNo other comp

Benchmark Employee Compensation

Non-Employee Board Members

Gene Manternach
Board ASST Secretary/Treas
$42,100
$42,100 No related compNo other comp
Gary Kester
Board Member
$36,145
$36,145 No related compNo other comp
Dan Westphal
Board Vice President
$32,010
$32,010 No related compNo other comp
Marcel Fett
Board Member
$27,950
$27,950 No related compNo other comp
Dale Walkup
Board Member
$24,670
$24,670 No related compNo other comp
Duane Ver Ploeg
Board Member
$24,650
$24,650 No related compNo other comp
Randy Rouse
Board Member
$24,560
$24,560 No related compNo other comp
Duane Armstead
Board Member
$23,990
$23,990 No related compNo other comp
Nicholas Hammes
Director (Part-Year)
$23,810
$23,810 No related compNo other comp
Kirk Hiland
Director (Part-Year)
$21,790
$21,790 No related compNo other comp
Allen Albers
Board Secretary and Treasurer
$20,130
$20,130 No related compNo other comp
Roger Krug
Director (Part-Year)
$15,230
$15,230 No related compNo other comp

Contractors

Heartland Divide Wind Project
Electric Energy
$8,686,594
Rippey Wind Energy LLC
Electric Energy
$7,054,415
Elk Wind Energy LLC
Electric Energy
$7,015,536
Bethel Wind Energy LLC
Electric Energy
$5,399,392
Itc Holdings Corp.
Transmission Maintenance
$4,792,517

Mission Statement

ELECTRIC GENERATION AND TRANSMISSION COOPERATIVE

Revisions to this organization profile

November 11, 2025:
2024 Central Iowa Power Cooperative 990 filed
November 14, 2024:
2023 Central Iowa Power Cooperative 990 filed
November 9, 2023:
2022 Central Iowa Power Cooperative 990 filed

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