Nishnabotna Valley Rural Electric

HARLAN, IA EIN: 42-0519838 Website

NISHNABOTNA VALLEY REC WILL PROVIDE SAFE AND RELIABLE ELECTRIC SERVICES TO OUR MEMBERS IN A VALUABLE, SUSTAINABLE, AND ENVIRONMENTALLY RESPONSIBLE MANNER.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$54.7M

+3.5% YoY

Revenue

$21.5M

+6.9% YoY

Net Investment Income

$41K

-5.3% YoY

Expenses

$20.4M

+8.0% YoY

About Nishnabotna Valley Rural Electric

Based on IRS filings

Nishnabotna Valley Rural Electric is a nonprofit organization, based in HARLAN, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $54.7M in total assets. Net investment income was $41K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Iowa $32K (100%)

States

Iowa

Cities

HARLAN

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$54,674,454	$52,850,954	$49,225,377
Revenue	$21,471,271	$20,092,919	$18,916,306
Expenses	$20,392,982	$18,882,512	$18,045,521
Qualifying Distributions	—	—	—
Net Investment Income	$40,970	$43,284	$44,303
Distributable Amount	—	—	—

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 0 recipients in 2024

Grant Size Distribution

3 grants across all recorded years

Open Grants

3 open opportunities from Nishnabotna Valley Rural Electric

Foundation

NVREC Scholarships

NISHNABOTNA VALLEY RURAL ELECTRIC

Amount

Up to $7,000 total (individual awards of $1,000)

Deadline

February 2, 2027

Annual

Foundation

Shine the Light on Local Volunteers

NISHNABOTNA VALLEY RURAL ELECTRIC

Amount

$3,000 per winner (3 winners)

Deadline

June 30, 2026

Annual

Foundation

USDA Revolving Loan Fund

NISHNABOTNA VALLEY RURAL ELECTRIC

Amount

Varies

Deadline

Rolling / Open

Rolling (Quarterly)

Giving History

Grant recipients and amounts by year

No grants recorded for 2024.

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
DONNA OLSON	PRESIDENT	8.81	$8,625
GENE KENKEL	VICE-PRESIDENT	2.83	$5,050
BRYAN GREVE	SECRETARY-TREASURER	2.12	$4,400
GALEN GRABILL	DIRECTOR	1.96	$3,425
DARRELL STAMP	DIRECTOR	2.48	$4,125
THOMAS PATTEE	DIRECTOR	3.05	$4,200
DAVID APPLEGATE	DIRECTOR	2	$4,625
WILLIAM MCKIM	CEO	18.08	—
KARA MEINERS	MANAGER OF ADMINISTRATIVE SERVICES	43.76	$84,381
DAVID MONSON	MATERIALS COORDINATOR/FOREMAN	45.98	$127,759
AARON NIPPERT	FOREMAN	42.77	$113,774
KERT BARNUM	DIRECTOR OF OPERATIONS	49.13	$128,089
JACOB COOK	JOURNEYMAN	45.11	$114,519
DILLON CLARK	JOURNEYMAN	45.11	$113,586

Frequently Asked Questions

How large is Nishnabotna Valley Rural Electric?

As of 2024, Nishnabotna Valley Rural Electric holds $54.7M in total assets with $21.5M in annual revenue.

Where does Nishnabotna Valley Rural Electric operate?

Nishnabotna Valley Rural Electric has awarded grants in Iowa.

What is Nishnabotna Valley Rural Electric's EIN?

Nishnabotna Valley Rural Electric's EIN (Employer Identification Number) is 42-0519838. IRS Form 990 filing data is available on this page for 2020–2024.