2024-10-21T12:47:02-04:00 2023-12-31 460257538 KETEL THORSTENSON LLP PO BOX 3140 RAPID CITY SD 577093140 990 2023-01-01 460226551 RUSHMORE ELECTRIC POWER COOP RUSH 6053424759 PO BOX 2414 RAPID CITY SD 57709 KORY HAMMERBECK CEO/GENERAL MANAGER 6053424759 2024-10-21 true TRACI HANSON CPA P02055725 6053425630 2024-10-21 2023 2024-10-15 13:58:12Z KORY HAMMERBECK PO BOX 2414 RAPID CITY SD 57709 84648839 false X WWW.RUSHELEC.COM X 1950 SD WHOLESALE POWER SUPPLIER TO DISTRIBUTION COMPANY 8 8 26 1600 440 0 10061905 7448421 129578 220369 4316615 4718168 14508098 12386958 0 3545468 2619228 2956066 3398353 0 0 2517326 2557655 9018860 8575236 5489238 3811722 78036719 76030638 14806546 8988743 63230173 67041895 WHOLESALE POWER SUPPLIER TO DISTRIBUTION COMPANY false false FURNISHED AMPLE SUPPLY OF LOW-COST ELECTRICAL POWER TO MEET PRESENT AND FUTURE NEEDS OF MEMBERS IN RURAL AREAS. EIGHT DISTRIBUTION MEMBER COOPERATIVES SERVED APPROXIMATELY 61,400 CONSUMERS. false false false false false false false false false true false true false true true true true false false false false false false false false false false false true false false false false false false false false false false false true true true false true 22 0 true 26 true true true false false false false false false false false false false 79703722 1297870 false false false X 8 8 false false false false true true false true true false false true true true true false true true true false X KORY HAMMERBECK 6053424759 PO BOX 2414 RAPID CITY SD 57709 KORY HAMMERBECK CEO/GENERAL 40.00 X 235691 0 88283 CORY TRAPP ENGINEERING 40.00 X 185224 0 70073 MARC CHARLES ZAUTKE CIO 40.00 X 144579 0 59812 MARK MILLER CFO 40.00 X 123361 0 58442 TOM SCHLACK DIRECTOR 3.15 X 10250 0 0 JUSTIN BRICKNER SECRETARY 2.85 X X 9250 0 0 DWIGHT ROSSOW PRESIDENT 2.15 X X 7500 0 0 DAVE LINDBLOM VICE PRESIDE 2.08 X X 6750 0 0 DAN HEFNER TREASURER 1.77 X X 5750 0 0 JERRY HAMMERQUIST DIRECTOR 1.46 X 4750 0 0 MIKE MCQUISTION DIRECTOR 1.46 X 4750 0 0 KERRY MCLELLAN DIRECTOR 1.08 X 3500 0 0 PAUL LAWRENCE DIRECTOR 1.00 X 3250 0 0 JAMIE LEWIS DIRECTOR 0.31 X 1000 0 0 745605 276610 4 false true false G&T CAPITAL CREDITS 221000 6068813 6068813 ENGINEERING REVENUE 541300 1373651 1373651 OTHER CAPITAL CREDITS 221000 5957 5957 7448421 212369 212369 29644 1600 15084 14560 1600 16160 1600 14560 8000 8000 8000 8000 76223074 72246797 3976277 3976277 LEASED EMPLOYEES-CREDIT UNION 389126 389126 PAYROLL REIMBURSE-RCI 333605 333605 ADMIN SERVICES - CREDIT UNION 3000 3000 725731 12386958 11424698 1600 960660 2619228 380724 2197326 512820 131459 176024 39306 26624 107532 153502 41902 914368 115187 88718 131888 521994 EQUIP AND VEHICLE EXP 262365 DUES AND SUBSCRIPTIONS 119800 MISCELLANEOUS 34469 8575236 0 0 0 4340146 358575 8672969 6333406 202004 216797 313555 313632 10269120 8517506 1767668 1751614 62740377 67056614 78036719 76030638 14347846 8602438 145310 145310 76880 236510 240995 14806546 8988743 X 800 800 63229373 67041095 63230173 67041895 78036719 76030638 3811722 X false true X true false 205461 205461 930749 827630 103119 9132910 7689876 1443034 1751614 PATRONAGE CAPITAL CREDITS 62361243 C BASIN ELECTRIC COMMERCIAL PAPER 3928016 C CAPITAL TERM CERTS-OTHER COOPS 386692 C INVESTMENT IN RUSHMORE COMMUNICATION 380663 C 67056614 ACCRUED PAST SERVICE COST 240995 240995 X 83948907 72287681 72287681 11661226 725732 725732 12386958 77517955 72287678 72287678 5230277 3344959 3344959 8575236 SCHEDULE D, PAGE 3, PART X AT DECEMBER 31, 2023, THE COOPERATIVE BELIEVES NO SIGNIFICANT UNCERTAIN TAX POSITIONS OR LIABILITIES EXIST. SCHEDULE D, PAGE 4, PART XI, LINE 2D INTER-COMPANY ELIMINATING ACTIVITY - ENGINEERING 25,800 COST OF POWER 72,246,797 RCI RENT 15,084 SCHEDULE D, PAGE 4, PART XI, LINE 4B LEASED EMPLOYEES 389,126 ADMIN FEE 3,000 PAYROLL REIMBURSE-RCI 333,605 ROUNDING 1 SCHEDULE D, PAGE 4, PART XII, LINE 2D COST OF POWER 72,246,797 INTER-COMPANY ELIMINATING ACTIVITY - ENGINEERING 25,800 RCI RENT 15,084 ROUNDING -3 SCHEDULE D, PAGE 4, PART XII, LINE 4B LEASED EMPLOYEES 389,126 ADMIN FEE 3,000 PAYROLL REIM-RCI 333,605 RETIREMENT OF CAPITAL CREDITS 2,619,228 X X X false false false KORY HAMMERBECK CEO/GENERAL MANAGER 235691 56638 31645 323974 CORY TRAPP ENGINEERING MANAGER 185224 41534 28539 255297 MARC CHARLES ZAUTKE CIO 144579 32812 27000 204391 MARK MILLER CFO 123361 29074 29368 181803 FORM 990, PAGE 6, PART VI, LINE 6 THERE ARE EIGHT MEMBER COOPERATIVES, EACH OF WHICH HAS ONE REPRESENTATIVE THAT IS A VOTING MEMBER OF OUR BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 7A EACH MEMBER COOPERATIVE ELECTS ONE OF THEIR BOARD OF DIRECTORS TO BE ON THE BOARD OF DIRECTORS OF RUSHMORE ELECTRIC POWER COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 11B MANAGEMENT HAS AN OUTSIDE CPA FIRM PREPARE THE FORM 990. A COPY IS PROVIDED TO THE BOARD OF DIRECTORS TO REVIEW BEFORE FILING. MANAGEMENT REVIEWS AND APPROVES THE FORM 990 BEFORE FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE GENERAL MANAGER AND BOARD OF DIRECTORS ARE RESPONSIBLE FOR MONITORING AND ENFORCING THE CONFLICT OF INTEREST POLICY AT ALL COMMITTEE AND BOARD MEETINGS. FORM 990, PAGE 6, PART VI, LINE 15A A YEARLY COMPENSATION STUDY IS PREPARED BY THE NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION. THE STUDY INCLUDES NATIONAL, REGIONAL, STATE AND LOCAL WAGE COMPARISONS FOR EACH POSITION IN THE COOPERATIVE. THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE COMPENSATION OF THE GENERAL MANAGER. DOCUMENTATION OF COMPARABLE DATA IS MAINTAINED. FORM 990, PAGE 6, PART VI, LINE 15B THE GENERAL MANAGER ALSO ASSUMES THE ROLE OF FINANCE OFFICER. FORM 990, PAGE 6, PART VI, LINE 19 UPON WRITTEN REQUEST THE COOPERATIVE WILL MAIL OUT ANNUAL REPORTS, RUS REPORTS AND THE ARTICLES OF INCORPORATION TO NON-MEMBERS. MEMBERS CAN RECEIVE THE ARTICLES OF INCORPORATION, BYLAWS, BOARD POLICIES, WHOLESALE RATE SCHEDULE, AUDIT REPORTS, MANAGEMENT AUDITS, POWER BILLING DATA, ENGINEERING STUDIES, LOAD STUDIES, ANNUAL REPORTS, RUS REPORTS AND RATE STUDIES. RUSHMORE COMMUNICATIONS 1715 CAMBELL ST RAPID CITY SD 57701 460447025 COMMUNICAT SD RUSHMORE RUSHMORE ELECTRIC POWER C CORP -12647 500184 1.00000 false true false false false false false false false false false false false true false true false false false false RUSHMORE COMMUNICATIONS M 180975 RUSHMORE COMMUNICATIONS A 15084 RUSHMORE COMMUNICATIONS O 333605