2025-03-27T09:32:41-07:00 2024-12-31 990 2024-01-01 460217086 DOUGLAS ELECTRIC COOPERATIVE INC DOUG 6057242323 27913 US HIGHWAY 281 Armour SD 57313 Phyllis Hrdlicka Staff Assistant 6057242323 2025-03-05 1 2024 2025-03-06 01:10:19Z Wayne Lefers 27913 US Highway 281 Armour SD 57313 3350147 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 3273338 3338584 17309 11563 0 0 3290647 3350147 0 0 228047 226990 971709 1012540 0 0 0 2090891 2110617 3290647 3350147 0 0 9742505 10066990 6014670 6192353 3727835 3874637 Dedicated to provide safe, low cost, reliable electricity to all our members. 0 0 Douglas Electric has purchased and delivered electricity to 822 rural electric services for 620 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 1 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 3309377 40770 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 98566 52329 0 Larry Vander Ley Vice President 6 X 7325 0 0 Blake Ligtenberg Treasurer 6 X 6425 0 0 Wayne Lefers President 5 X 4750 0 0 Joel Baier Secretary 5 X 4475 0 0 Eric Neugebauer Director 3 X 3875 0 0 125416 52329 0 0 0 1 0 0 0 Electricity Sales 221122 3143539 3143539 0 0 Service calls & material sales 221122 41041 41041 0 0 G&T Allocations 221122 154004 154004 0 0 0 0 0 0 3338584 11563 11563 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3350147 3350147 0 0 226990 177745 484337 132952 172546 44960 2721 10333 2059 18354 187370 259823 Cost of Power 1591373 Other power line expenses 38584 3350147 0 0 0 911 123 271765 156505 0 0 299179 302438 0 0 0 0 0 0 151330 160734 25470 40875 10610988 3481163 6790007 7129825 0 0 2199986 2254392 0 3857 22098 9742505 10066990 261763 288885 0 0 0 0 0 0 0 0 0 0 5741596 5886757 0 0 11311 16711 6014670 6192353 X 4890 4950 0 0 3722945 3869687 3727835 3874637 9742505 10066990 X 0 0 0 0 0 146802 X 0 1 X 1 0 83880 0 83880 1555942 0 159738 1396204 0 0 0 0 909175 0 708631 200544 8061991 0 2612794 5449197 7129825 G&T Capital Credits 2038157 C NRUCFC Patronage Capital & CTC's 59938 C East River Electric,Basin Electric,NRUCFC membership 1200 C REED Membership 40000 C Federated RE Insurance Common Stock 25366 C RESCO Patronage Capital 59557 C Golden West Telecommunications Patronage Capital 16436 C Goehring Heat Investment 5742 C Ethan Cooperative Patronage Capital 7996 C 2254392 0 Member prepaid energy 16711 16711 0 0 0 Jay Spaans Manager 98566 0 0 0 0 0 26574 0 25755 0 150895 0 0 0 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; Eric Neugebauer, 26877 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 281, 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 5713 during office hours (8:00 am to 4:30 pm). Form 990, Part XI, Line 9 Capital allocated to members $226,990, capital retired to members ($83,974), change in membership fees $60 and change in donated capital $3,726 = Total change to net assets or fund balances $146,802.