NonprofitsAdams Electric Cooperative

Adams Electric Cooperative

CAMP POINT, IL

Total revenue

$28.3M

Total expenses

$28.3M

Net assets

$31.0M

Grants received

EIN

370147965

Tax year

2024

Mission

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

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$28.2M
Investment income$42K
Other revenue
Total revenue$28.3M

Expenses

Grants paid
Salaries & benefits$528K
Fundraising
Other expenses$25.6M
Total expenses$28.3M
Total assets$70.6M
Net assets$31.0M

People

16 listed

NameRoleCompensation

James Thompson

General Manager

Board

$252K

45 hrs/wk

Tara Neisen

Mgr of Finance & Accountin

Board

$104K

45 hrs/wk

Rebecca Barlow

Director

Board

$6K

4 hrs/wk

Rex Niekamp

Director

Board

$5K

4 hrs/wk

Laura Meyer

President

Board

$5K

3 hrs/wk

Brent Clair

Director

Board

$5K

4 hrs/wk

Glen Koch

Director

Board

$5K

4 hrs/wk

Eric Ewing

Director

Board

$5K

4 hrs/wk

Thomas Travis

Secretary

Board

$5K

7 hrs/wk

James Ward

Treasurer

Board

$4K

5 hrs/wk

Kristina Farwell

Vice-President

Board

$4K

2 hrs/wk

Duane Jones

Line Foreman

Staff

$145K

48 hrs/wk

Cole Wellman

Journeyman Lineman

Staff

$141K

47 hrs/wk

Gary Wagner

Journeyman Lineman

Staff

$135K

44 hrs/wk

Garrett Kestner

Journeyman Lineman

Staff

$132K

46 hrs/wk

Brennan Caspermeyer

Line Foreman

Staff

$131K

1 hrs/wk

Independent contractors

Shade Tree

ROW Clearing

$216K

VMC Vegetation Management

ROW Clearing

$204K

Osmose Utilities Service

Pole Inspections

$161K

Details

EIN370147965
Subsection12
Ruling date1939-08
Formed1938
Employees41
Volunteers0
ADAMS ELECTRIC COOPERATIVE — Mission, Financials & Grants Received | Grantivo