2024-03-20T10:09:35-07:00 2023-12-31 990 2023-01-01 460217086 DOUGLAS ELECTRIC COOPERATIVE INC DOUG 6057242323 27913 US HIGHWAY 281 Armour SD 57313 Phyllis Hrdlicka Staff Assistant 6057242323 2024-03-20 Phyllis Hrdlicka 999009999 1 1 11 0 AAL2 2023 2023-04-26 12:10:37Z Wayne Lefers 27913 US Highway 281 Armour SD 57313 3290647 0 X X 1946 SD Dedicated to provide safe, low cost, reliable electricity to all our members. 5 5 7 0 0 0 0 0 3338150 3273338 7668 17309 0 0 3345818 3290647 0 0 320290 228047 970002 971709 0 0 0 2055526 2090891 3345818 3290647 0 0 9362059 9742505 5860763 6014670 3501296 3727835 Dedicated to provide safe, low cost, reliable electricity to all our members. 0 0 Douglas Electric has purchased and delivered electricity to 824 rural electric services for 618 rural electric cooperative members in Douglas County, South Dakota. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 14 0 1 7 1 0 0 0 0 0 3258485 32162 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 1 0 1 1 1 1 1 1 1 0 0 X Phyllis Hrdlicka 6057242323 27913 US HIGHWAY 281 Armour SD 57313 Jay Spaans Manager 40 X 93614 0 49958 Larry Vander Ley Vice President 7 X 8700 0 0 Wayne Lefers President 7 X 8275 0 0 Blake Ligtenberg Director 5 X 5375 0 0 Joel Baier Director 5 X 5100 0 0 David Neugebauer Secretary/Treasurer 5 X 4125 0 0 125189 0 49958 0 0 0 0 0 0 Electricity Sales 221122 3061673 3061673 0 0 Electric material & service sales 221122 45120 45120 0 0 G & T Allocations 221122 166545 166545 0 0 0 0 0 0 3273338 17309 17309 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3290647 3290647 0 0 228047 175147 469806 133770 149412 43574 1664 13147 2370 18163 170986 245338 Cost of Power 1545937 Other Power Line Expense 93286 3290647 0 0 0 217 911 167448 271765 0 0 369812 299179 0 0 0 0 0 0 151377 151330 25754 25470 10106017 3316010 6531363 6790007 0 0 0 0 2104589 2199986 0 0 11499 3857 9362059 9742505 322087 261763 0 0 0 0 0 0 0 0 0 0 5525620 5741596 0 0 13056 11311 5860763 6014670 X 4795 4890 0 0 3496501 3722945 3501296 3727835 9362059 9742505 X 0 0 0 0 0 226539 X 0 1 X 1 0 83880 0 83880 1555942 0 128744 1427198 0 0 0 0 906154 0 670287 235867 7560041 0 2516979 5043062 6790007 G & T Capital Credits 1999741 C NRUCFC Patronage Capital & CTC's 60112 C East River Electric, Basin Electric, NRUCFC Membership 1200 C REED Membership 40000 C Federated RE Insurance-Common Stock 25515 C RESCO Patronage Capital 49861 C Golden West Telecommunicatons-Patronage Capital 15532 C Goehring Heat Investment 8025 C 2199986 0 Member prepaid energy 11311 11311 Form 990, Part VI, Section A, Line 6 The members are the people who buy electricity from Douglas Electric. Form 990, Part VI, Section A, Line 7a The members elect the board of directors who are the governing body of the cooperative. Form 990, Part VI, Section A, Line 7b The members approve bylaw changes, disposition of property and the execution of mortgages. Form 990, Part VI, Section A, Line 9 The following are the board of directors. They cannot be reached at Douglas Electrics mailing address. Joel Baier, 28096 402nd Ave, Delmont SD 57330; David Neugebauer, 26880 400th Ave, Dimock SD 57331; Wayne Lefers, 38494 273rd St, Corsica SD 57328; Larry VanderLey, 38051 273rd St, Corsica SD 57328; Blake Ligtenberg, 39168 US Highway 381, Corsica SD 57328 Form 990, Part VI, Section B, Line 11b A copy of Form 990 was given to each board member and the Staff Assistant reviewed it at the regular board of director meeting before submitting to IRS. Form 990, Part VI, Section B, Line 12c Each employee and director will disclose to the board of directors in writing any conflict of interest as they exist or when they may be involved in the future. The manager will monitor and enforce these situations. Form 990, Part VI, Section B, Line 15 The cooperative's manager's compensation is determined by a review of the manager by the board of directors and the use of the statewide comparability compensation data for that position. Form 990, Part VI, Section C, Line 19 Douglas Electric makes its Form 990, governing documents, conflict of interest policy and financial statements available for public inspection upon request. Anyone who would want to inspect any of these documents can visit our office at 27913 US Highway 281, Armour SD 57313 during office hours (8:00 am to 4:30 pm). Form 990, Part XI, Line 9 Capital allocated to member $228046, capital retired to members ($3,087), change in membership fee $95 and change in donated capital $1,485 = Total change to net assets or fund balances $226,539.