2024-10-14T17:27:24-04:00 2023-12-31 460257538 KETEL THORSTENSON LLP PO BOX 3140 RAPID CITY SD 577093140 990 2023-01-01 460434317 DAKOTA ENERGY COOPERATIVE INC DAKO 6053528591 PO BOX 830 HURON SD 57350 CHAD FELDERMAN GENERAL MANAGER/CEO 6053528591 2024-10-14 true true TRACI HANSON CPA P02055725 6053425630 2024-10-14 2023 2024-10-15 13:58:12Z CHAD FELDERMAN PO BOX 830 HURON SD 57350 28756696 false X WWW.DAKOTAENERGY.COOP X 1995 SD SERVICE FOR YOUR WAY OF LIFE 12 12 28 0 0 25687329 27308850 11520 14600 89001 336191 25787850 27659641 0 641612 673271 3593346 3715198 0 0 19970171 20946488 24205129 25334957 1582721 2324684 60692155 62870380 36946292 36720117 23745863 26150263 SERVICE FOR YOUR WAY OF LIFE false false PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 2280 MEMBERS. WE ADDED 20 MILES OF UNDERGROUND AND REMOVED 11 MILES OF OVERHEAD LINE AND BUILT 35 NEW SERVICES. false false false false false false false false false true false true false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 130 0 true 28 true false false false false false 26944873 184044 false false false X 12 12 false false false false true true true true true false false true true true true true true true true false X ERIC HASART 6053528591 PO BOX 830 HURON SD 57350 CHAD FELDERMAN GENERAL MANA 40.00 X 161033 0 125008 MIKE MONCUR MANAGER OF F 40.00 X 128577 0 87114 MATT ZOMER MANAGER OF O 40.00 X 101083 0 114354 CHASE BINGER DIRECTOR 22.20 X 10907 0 0 NICK NEMEC VICE PRESIDE 3.80 X X 10832 0 0 DARRELL RASCKE PRESIDENT 11.90 X X 10438 0 0 TOMMY BARUTH SECRETARY 3.60 X X 10432 0 0 TODD BUSHONG DIRECTOR 4.90 X 8032 0 0 BRUCE MICHEEL DIRECTOR 4.90 X 6822 0 0 CHAD DEARBORN DIRECTOR 11.10 X 6632 0 0 NEIL DUXBURY DIRECTOR 7.60 X 4822 0 0 STEVE PETERSON DIRECTOR 3.10 X 4822 0 0 BRIAN BAUM DIRECTOR 0.70 X 3411 0 0 BRIAN BONEBRIGHT TREASURER 1.10 X X 3211 0 0 DOUG SCHAEFERS DIRECTOR 0.70 X 2811 0 0 473865 326476 3 false true false LARSON DIGGING INC 601 LINCOLN AVE NW HURON SD 57350 CONSTRUCTION 249416 PREMIER EQUIPMENT 2025 US HWY 14W HURON SD 57350 CONSTRUCTION 105081 2 ELECTRIC SALES TO MEMBERS 221000 25511627 25511627 CAPITAL CREDITS 221000 1640037 1640037 OTHER OPERATING 221000 157186 157186 27308850 14600 14600 1433246 1097055 336191 336191 27659641 27645041 14600 673271 329286 2077809 627506 518501 162096 1263572 1985078 COGS 17540043 SELLING, GENERAL, ADMIN 2777277 DISTRIBUTIONS MAINTENANCE 620917 DISTRIBUTIONS OPERATIONS 474799 -3715198 25334957 0 0 0 2345640 1253026 2037284 2578775 649972 549964 1219324 1310995 982072 862144 57222369 17896844 37938386 39325525 15519477 16989951 60692155 62870380 2403218 2493622 31317752 31194142 3225322 3032353 36946292 36720117 X 23745863 26150263 23745863 26150263 60692155 62870380 X 2324684 79716 X false true X true false 28537 28537 2538252 798794 1739458 54266514 17098050 37168464 389066 389066 39325525 EAST RIVER ELECTRIC POWER COOPERATIV 16037498 C NATIONAL RURAL UTILITIES COOP FINANC 433318 C CAPITAL TERM CERTIFICATES 196634 C FEDERATED RURAL ELECTRIC INS CORP 116830 C RURAL ELECTRIC SUPPLY COOP 64443 C OTHER PATRONAGE CAPITAL ALLOCATIONS 57158 C COBANK PATRONAGE 42711 C RURAL ELECTRIC ECONOMIC DEV INC 41000 C CFC ZERO PERCENT CAPITAL TERM CERTIF 159 C NISC MEMBERSHIP 100 C BASIN ELECTRIC MEMBERSHIP 100 C 16989951 DEFERRED CREDITS 3007174 CUSTOMER DEPOSITS 23632 ACCUMULATED POST-RETIREMENT BENEFITS 1547 3032353 X 27659641 27659641 27659641 24661683 24661683 673274 673274 25334957 SCHEDULE D, PAGE 3, PART X THE COOPERATIVE IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. THE COOPERATIVE HAS MET THE REQUIREMENT THAT MORE THAN 85 PERCENT OF ITS REVENUE BE FROM ITS MEMBERS. THE STATE OF SOUTH DAKOTA DOES NOT HAVE AN INCOME TAX LAW. AT DECEMBER 31, 2023, THE COOPERATIVE BELIEVES NO SIGNIFICANT UNCERTAIN TAX POSITIONS OR LIABILITIES EXIST. SCHEDULE D, PAGE 4, PART XII, LINE 4B RETIREMENT OF CAPITAL CREDITS 673,271 ROUNDING 3 X X X false false false CHAD FELDERMAN GENERAL MANAGER/CEO 161033 57249 67759 286041 MIKE MONCUR MANAGER OF FINANCE 128577 43779 43335 215691 MATT ZOMER MANAGER OF OPERATION 101083 36669 77685 215437 FORM 990 THE COOPERATIVE HAS INCLUDED THE PATRONAGE CAPITAL RETIRED ON PART IX, LINE 4. THE NET MARGIN FOR 2023 WAS PROPERLY ALLOCATED TO MEMBERS IN ACCORDANCE WITH COOPERATIVE BY-LAWS. FORM 990, PAGE 6, PART VI, LINE 6 DAKOTA ENERGY COOPERATIVE HAS MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A THE MEMBERS VOTE ANNUALLY ON THE BOARD OF DIRECTORS WHO HAVE THREE YEAR TERMS. FORM 990, PAGE 6, PART VI, LINE 7B BYLAW AMENDMENTS NEED TO BE VOTED ON BY MEMBERSHIP. FORM 990, PAGE 6, PART VI, LINE 11B THE CEO AND THE BOARD OF DIRECTORS WILL REVIEW THE FORM 990 AT THE REGULAR MONTHLY BOARD MEETING. FORM 990, PAGE 6, PART VI, LINE 12C ALL EMPLOYEES AND DIRECTORS ARE COVERED BY THIS POLICY. DETERMINATION OF CONFLICTS ARE MADE AT THE SENIOR STAFF, CEO AND DIRECTOR LEVELS. CONFLICTS ARE REVIEWED BY THE CEO AND THE BOARD OF DIRECTORS, ALONG WITH THE COOPERATIVE'S LEGAL COUNSEL. THE RESTRICTIONS ARE IMPOSED IN A NUMBER OF DIFFERENT WAYS. FIRST, THE CONFLICT OF INTEREST POLICY PROHIBITS CONFLICTS. SECOND, IF A CONFLICT ARISES FOR AN EMPLOYEE, THE EMPLOYEE DISCIPLINE POLICY IS FOLLOWED FOR RESTRICTIONS. THIRD, IF A CONFLICT ARISES FOR A DIRECTOR, THE BY-LAWS ARE FOLLOWED FOR DISCIPLINE AND/OR RESTRICTIONS. FORM 990, PAGE 6, PART VI, LINE 15A AN OUTSIDE INDEPENDENT CONSULTANT WAS USED AND A MARKET SURVEY WAS PERFORMED. THE PROCESS WAS LAST COMPLETED IN 2022. FORM 990, PAGE 6, PART VI, LINE 15B AN OUTSIDE INDEPENDENT CONSULTANT WAS USED AND A MARKET SURVEY WAS PREFORMED. THE PROCESS WAS LAST COMPLETED IN 2022. FORM 990, PAGE 6, PART VI, LINE 19 AVAILABLE UPON REQUEST FORM 990, PART XI, LINE 9 CHANGE IN OTHER EQUITIES 79,716