Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1978.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
35 people listed on the 990; $2.6M paid to officers and key staff.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Eric Hobbie | $508,641 | $490,157 | $463,304 | $439,899 | $406,531 |
| Robert Reynolds | — | — | $228,127 | $219,165 | $203,305 |
| Joseph Smith | $224,060 | $216,730 | $207,443 | $187,537 | $177,666 |
| Richard Chapman | — | — | $38,619 | $218,709 | $209,007 |
| Crystal Riney | $216,552 | $205,399 | $192,499 | $182,653 | $173,806 |
| Micah Bushnell | $214,393 | $200,728 | $184,822 | $170,087 | $155,886 |
| Brian Fitzgerald Vp-Generation | — | $199,596 | — | — | — |
| Jeremy Johnson | $198,724 | $185,699 | $172,422 | $148,684 | $139,822 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
- Loans to or from officersSch L · Pt II1 listed
Programs and updates
Provides affordable, reliable electricity through member ownership and cooperative generation.
Questions for Prairie Power INC
Your first name shows with your question. Prairie Power INC answers here, for everyone.
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Electric Purchases
Purchased and generated kilowatt hours of electricity for sale to member systems.
Distribution of Electricity
Distribution of electricity from the substation to our member systems.
Transmission of Electricity
Transmission of electricity from the generator to our member systems
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $12.3M | $15.4M |
| InvestmentsLn 11–13 | $43.1M | $43.7M |
| Land, buildings, equipmentLn 10c | $606.7M | $649.1M |
| Total assetsLn 16 | $704.8M | $762.9M |
| LiabilitiesLn 26 | $580.3M | $635.4M |
| Net assetsLn 32 | $124.6M | $127.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $20K | |||
| Benefits paid to or for membersLn 4 | $8.0M | |||
| Pay of current officers, directors and key staffLn 5 | $2.4M | |||
| Other salaries and wagesLn 7 | $3.7M | |||
| Pension plan contributionsLn 8 | $1.2M | |||
| Other employee benefitsLn 9 | $997K | |||
| Payroll taxesLn 10 | $469K | |||
| Legal feesLn 11b | $664K | |||
| Advertising and promotionLn 12 | $420 | |||
| Office expensesLn 13 | $279K | |||
| Information technologyLn 14 | $1.1M | |||
| TravelLn 17 | $56K | |||
| InterestLn 20 | $25.9M | |||
| Depreciation, depletion and amortizationLn 22 | $25.4M | |||
| InsuranceLn 23 | $1.2M | |||
| Other expenses (24a–d)Ln 24 | $120.4M | |||
| All other expensesLn 24e | $1.0M | |||
| Total functional expensesLn 25 | $192.9M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $178.8M | $178.8M | $0 | $139.1M | 990 PDF |
| FY2023 | $173.0M | $173.0M | $0 | $130.6M | 990 PDF |
| FY2022 Viewing | $192.9M | $192.9M | $0 | $127.6M | 990 PDF |
| FY2021 | $159.9M | $159.9M | $0 | $124.6M | 990 PDF |
| FY2020 | $151.5M | $151.5M | $0 | $121.6M | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $192,903,895 revenue, 12 lines filed
Part VI · Governance 20 of 20 board members independent, 1 to look at
Part VIII · Statement of revenue $192,903,895 across 6 lines filed
Part IX · Statement of functional expenses $192,903,895 across 17 lines filed
Part X · Balance sheet $762,936,088 assets, 15 lines filed
Part XI · Reconciliation of net assets $127,566,000 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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