South Dakota Electrical Council
- Assets
- $60.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 04/1966
- Data as of
- 06/2023
- EIN
- 41-6049880
Organization Overview
South Dakota Electrical Council is located in Sioux Falls, SD. The organization was established in 1966. According to its NTEE Classification (J01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Dakota Electrical Council is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2023, South Dakota Electrical Council generated $64.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $65.4k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Hietpas Director | 0.38 | $0 | |
Nick Larson Director | 0.38 | $0 | |
Mike Fisher Past-President | 0.38 | $0 | |
Mike Sprang Treasurer | 0.58 | $0 | |
Reggie Gassman Vice President | 0.75 | $0 | |
Steve Arne Director | 0.38 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $39,084 |
| Membership dues | $24,932 |
| Investment income | $105 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $520 |
| Total Revenue | $64,641 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $16,048 |
| Occupancy, rent, utilities, and maintenance | $120 |
| Printing, publications, postage, and shipping | $2,273 |
| Other expenses | $46,965 |
| Total expenses | $65,406 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $60,825 |
| Other assets | $0 |
| Total assets | $60,825 |
| Total liabilities | $0 |
| Net assets or fund balances | $60,825 |
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