Oahe Electric Cooperative Inc
- Assets
- $36.0m
- Revenue
- $14.2m
- Investments
- $84.7k
- Employees
- 19
- Location
- Blunt, SD
- Founding
- 02/1953
- Data as of
- 12/2022
- EIN
- 46-0221074
Organization Overview
Oahe Electric Cooperative Inc is located in Blunt, SD. The organization was established in 1953. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Oahe Electric Cooperative Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oahe Electric Cooperative Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2022, Oahe Electric Cooperative Inc generated $14.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $14.2m during the year ending 12/2022. While expenses have increased by 5.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MEMBERS/OWNERS AND THE PUBLIC WITH HIGH QUALITY, COMPETITIVELY PRICED ELECTRIC SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED ELECTRICITY TO APPROXIMATELY 3,332 RURAL ELECTRIC COOPERATIVE MEMBERS AND MAINTAINED 1,229 MILES OF OVERHEAD AND UNDERGROUND LINES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Feller Vice President | OfficerTrustee | 2.1 | $10,200 |
Ross Sperry Secretary | OfficerTrustee | 1.7 | $8,700 |
Kirk Yackley President | OfficerTrustee | 1.6 | $9,000 |
Ryan Noyes Treasurer | OfficerTrustee | 1 | $8,400 |
Brandon Haag Assistant Secretary | OfficerTrustee | 1.4 | $9,300 |
Jordan Lamb Chief Executive Officer | Officer | 40 | $152,913 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $14,143,070 |
| Investment income | $69,595 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,961 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,214,626 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,120 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $1,318,700 |
| Compensation of current officers, directors, key employees. | $465,921 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $997,525 |
| Pension plan accruals and contributions | $313,328 |
| Other employee benefits | $0 |
| Payroll taxes | $97,022 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $588,800 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $992,456 |
| Insurance | $0 |
| All other expenses | -$1,299,638 |
| Total functional expenses | $14,214,626 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,231,322 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,054,482 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $715,200 |
| Prepaid expenses and deferred charges | $124,946 |
| Net Land, buildings, and equipment | $20,796,646 |
| Investments—publicly traded securities | $1,751,396 |
| Investments—other securities | $84,656 |
| Investments—program-related | $8,087,637 |
| Intangible assets | $0 |
| Other assets | $147,864 |
| Total assets | $35,994,149 |
| Accounts payable and accrued expenses | $1,585,736 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $15,458 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $18,560,027 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,373,221 |
| Total liabilities | $21,534,442 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $14,459,707 |
| Total liabilities and net assets/fund balances | $35,994,149 |