South Dakota Rural Electric Association Inc is located in Pierre, SD. The organization was established in 1964. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, South Dakota Rural Electric Association Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Dakota Rural Electric Association Inc 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 12/2021, South Dakota Rural Electric Association Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $2.8m during the year ending 12/2021. While expenses have increased by 1.3% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE THE RURAL ELECTRIC COOPERATIVES IN SOUTH DAKOTA, TO PROMOTE THE EFFECTIVE DEVELOPMENT OF RURAL ELECTRIFICATION IN SOUTH DAKOTA ON A COOPERATIVE, NON-PROFIT BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAINING AND EDUCATION FOR COOPERATIVE MEMBERS DIRECTORS AND EMPLOYEES.
CONNECT CON - PARTICIPATING COOPERATIVES SEND HIGH SCHOOL STUDENTS TO BLACK HILLS STATE UNIVERSITY TO TOUR AND LEARN ABOUT RURAL ELECTRICS AND THEIR PRINCIPALS.
TOUCHSTONE ENERGY PROMOTIONS - TO PROMOTE THE COOPERATIVE PRINCIPALS TO COOPERATIVE MEMBERS AT FAIRS AND EVENTS AROUND THE STATE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mark Patterson Mgr. Of Loss Control Svcs. | 40 | $112,401 | |
Travis Denison Loss Control Professional | 40 | $102,218 | |
Edward Anderson General Manager (until 07/21) | Officer | 40 | $89,862 |
Trevor Jones General Manager (since 07/21) | Officer | 40 | $62,914 |
Don Heeren President | OfficerTrustee | 1 | $11,952 |
Robert Seyer Director | Trustee | 1 | $7,073 |
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 | $2,944,138 |
Investment income | $1,581 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $48,000 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,997,836 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $327,275 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $654,532 |
Pension plan accruals and contributions | $202,042 |
Other employee benefits | $209,670 |
Payroll taxes | $63,300 |
Fees for services: Management | $0 |
Fees for services: Legal | $78,661 |
Fees for services: Accounting | $14,582 |
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 | $748,353 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $23,974 |
Travel | $41,053 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $102,714 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $53,380 |
Insurance | $33,041 |
All other expenses | $7,892 |
Total functional expenses | $2,829,406 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $100 |
Savings and temporary cash investments | $1,124,788 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $87,237 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $128,156 |
Net Land, buildings, and equipment | $468,441 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $21,185 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,829,907 |
Accounts payable and accrued expenses | $94,091 |
Grants payable | $0 |
Deferred revenue | $332,910 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $427,001 |
Net assets without donor restrictions | $1,402,906 |
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 | $0 |
Total liabilities and net assets/fund balances | $1,829,907 |
Over the last fiscal year, we have identified 1 grants that South Dakota Rural Electric Association Inc has recieved totaling $16,200.
Awarding Organization | Amount |
---|---|
National Rural Utilities Cooperative Finance Corp Dulles, VA PURPOSE: EDUCATIONAL FUND-YOUTH EXCURSION | $16,200 |
Organization Name | Assets | Revenue |
---|---|---|
360 Communities Burnsville, MN | $3,339,233 | $6,729,234 |
North Dakota Association Of Rural Cooperatives Mandan, ND | $8,007,431 | $4,395,007 |
Urban Homeworks Inc Minneapolis, MN | $14,877,768 | $4,422,020 |
South Dakota Rural Electric Association Inc Pierre, SD | $1,829,907 | $2,997,836 |
Minnesota Housing Partnership Saint Paul, MN | $2,330,685 | $2,401,116 |
South Dakota Association Of Rural Water Systems Madison, SD | $2,366,062 | $2,648,175 |
Nebraska Rural Electric Association Lincoln, NE | $1,967,725 | $2,435,267 |
Jewish Community Relations Council Minnesota & The Dakotas Minneapolis, MN | $2,105,786 | $2,086,548 |
Wyoming Association Of Rural Water Systems Glenrock, WY | $1,132,119 | $1,583,211 |
Citizens League St Paul, MN | $906,075 | $958,282 |
Wyoming Rural Electric Assn Cheyenne, WY | $771,178 | $898,754 |
South Dakota Grass Lands Coalition Presho, SD | $103,425 | $620,699 |