South Dakota Rural Electric Association Inc

Organization Overview

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.

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.


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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$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

Grants Recieved

Over the last fiscal year, we have identified 1 grants that South Dakota Rural Electric Association Inc has recieved totaling $16,200.

Awarding OrganizationAmount
National Rural Utilities Cooperative Finance Corp

Dulles, VA

PURPOSE: EDUCATIONAL FUND-YOUTH EXCURSION

$16,200
View Grant Recipient Profile

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