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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 Osceola Electric Cooperative Inc.

Osceola Electric Cooperative Inc.

Fiscal year ending 2024. Filed on June 19, 2025.

PO Box 127
Sibley, Iowa 51249

Osceola Electric Cooperative Inc. (EIN: 42-0451575) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Osceola Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 4 out of 9 total employees. Among the employees shown here, the average compensation is $180,018. The highest compensated employee at Osceola Electric Cooperative Inc. is Jeff Tennapel with fiscal year 2024 compensation of $262,234.

Revenue, expenses, and employee compensation

Revenue

$9,967,891

Expenses

$9,588,214

Employee compensation

$992,774
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Jeff Tennapel
Executive Vp/General Manager
$262,234
$164,094 No related comp$98,140
Tommy Storey Jr
Line Foreman
$176,053
$117,256 No related comp$58,797
Lance Groen
Crew Leader
$147,979
$110,006 No related comp$37,973
Robert Louis
Journeyman Lineman
$133,806
$104,412 No related comp$29,394

Benchmark Employee Compensation

Non-Employee Board Members

Terrence Clark
President
$7,725
$7,725 No related compNo other comp
Daniel Heilman
Director
$6,850
$6,850 No related compNo other comp
Dean Haspels
Secretary and Treasurer
$6,650
$6,650 No related compNo other comp
Douglas Roth
Director
$6,025
$6,025 No related compNo other comp
Adam Hoekstra
Director
$5,300
$5,300 No related compNo other comp
Lindsay Watterson
Director (BEG MAR 2024)
$5,125
$5,125 No related compNo other comp
Derek Ackerman
Vice President
$4,775
$4,775 No related compNo other comp
Steven Voss
Director (Until FEB 2024)
$500
$500 No related compNo other comp

Contractors

Highline Construction Inc
Installation of Overhead Line and Associ
$2,305,599
Loosbrock Digging Service
Installation of Underground Cable and As
$2,194,719

Mission Statement

SALE OF ELECTRICITY TO MEMBERS TO GENERATE INCOME FOR THE SOLE PURPOSE OF MEETING LOSSES AND EXPENSES.

Revisions to this organization profile

June 19, 2025:
2024 Osceola Electric Cooperative Inc. 990 filed
August 30, 2024:
2023 Osceola Electric Cooperative Inc. 990 filed
June 22, 2023:
2022 Osceola Electric Cooperative Inc. 990 filed

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