2025-07-16T18:28:12-04:00 2024-12-31 460257538 KETEL THORSTENSON LLP PO BOX 3140 RAPID CITY SD 577093140 990 2024-01-01 460434317 DAKOTA ENERGY COOPERATIVE INC DAKO 6053528591 PO BOX 830 HURON SD 57350 CHAD FELDERMAN GENERAL MANAGER/CEO 6053528591 2025-07-16 true true TRACI HANSON CPA P02055725 6053425630 2025-07-16 2024 2025-03-06 01:10:19Z CHAD FELDERMAN PO BOX 830 HURON SD 57350 29515006 false X WWW.DAKOTAENERGY.COOP X 1995 SD SERVICE FOR YOUR WAY OF LIFE 12 12 28 0 0 27308850 28128806 14600 13299 336191 173045 27659641 28315150 0 673271 555306 3715198 3863865 0 0 20946488 22168633 25334957 26587804 2324684 1727346 62870380 64983574 36720117 37050216 26150263 27933358 SERVICE FOR YOUR WAY OF LIFE false false PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 2264 MEMBERS. WE ADDED 5 MILES OF UNDERGROUND AND REMOVED 9 MILES OF OVERHEAD LINE AND BUILT 31 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 105 0 true 28 true false false false false false 28032882 459408 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 164778 0 117032 MATT ZOMER MANAGER OF O 40.00 X 112372 0 141991 JODENE DECKER MANAGER OF H 40.00 X 107639 0 90082 BRANDON MOORE JOURNEYMAN 40.00 X 102371 0 79264 DARRELL RASCKE PRESIDENT 9.90 X X 14507 0 0 NICK NEMEC VICE PRESIDE 7.50 X X 13707 0 0 BRIAN BAUM DIRECTOR 2.30 X 10907 0 0 DOUG SCHAEFERS DIRECTOR 1.60 X 10307 0 0 BRIAN BONEBRIGHT TREASURER 3.80 X X 9507 0 0 TOMMY BARUTH SECRETARY 1.90 X X 7307 0 0 DANIEL LANGBEHN DIRECTOR 1.60 X 7011 0 0 JD WANGSNESS DIRECTOR 1.60 X 5011 0 0 CHAD DEARBORN DIRECTOR 4.20 X 4297 0 0 CHASE BINGER DIRECTOR 5.30 X 3697 0 0 JOANN MORFORD DIRECTOR 1.30 X 3650 0 0 TODD BUSHONG DIRECTOR 1.40 X 3622 0 0 580690 428369 4 false true false LARSON DIGGING INC 601 LINCOLN AVE NW HURON SD 57350 CONSTRUCTION 277820 1 ELECTRIC SALES TO MEMBERS 221000 26659981 26659981 CAPITAL CREDITS 221000 1340097 1340097 OTHER OPERATING 221000 128728 128728 28128806 13299 13299 1372901 1199856 173045 173045 28315150 28301851 13299 555306 354525 2101141 678539 565911 163749 1319590 2089860 COGS 18571551 SELLING, GENERAL, ADMIN 2667323 DISTRIBUTIONS OPERATIONS 693573 DISTRIBUTIONS MAINTENANCE 690601 -3863865 26587804 0 0 0 1253026 930504 2578775 2658232 549964 449956 1310995 1644286 862144 615179 60031015 19229378 39325525 40801637 16989951 17883780 62870380 64983574 2493622 2552767 31194142 32008131 3032353 2489318 36720117 37050216 X 26150263 27933358 26150263 27933358 62870380 64983574 X 1727346 55749 X false true X true false 28537 28537 2539131 839176 1699955 57155206 18390202 38765004 308141 308141 40801637 EAST RIVER ELECTRIC POWER COOPERATIV 16903805 C NATIONAL RURAL UTILITIES COOP FINANC 459377 C CAPITAL TERM CERTIFICATES 196634 C FEDERATED RURAL ELECTRIC INS CORP 117616 C RURAL ELECTRIC SUPPLY COOP 86698 C OTHER PATRONAGE CAPITAL ALLOCATIONS 55787 C RURAL ELECTRIC ECONOMIC DEV INC 41000 C COBANK PATRONAGE 22663 C NISC MEMBERSHIP 100 C BASIN ELECTRIC MEMBERSHIP 100 C 17883780 DEFERRED CREDITS 2463739 CUSTOMER DEPOSITS 23982 ACCUMULATED POST-RETIREMENT BENEFITS 1597 2489318 X 28315151 28315151 -1 -1 28315150 26032500 26032500 555304 555304 26587804 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, 2024, THE COOPERATIVE BELIEVES NO SIGNIFICANT UNCERTAIN TAX POSITIONS OR LIABILITIES EXIST. SCHEDULE D, PAGE 4, PART XI, LINE 4B ROUNDING -1 SCHEDULE D, PAGE 4, PART XII, LINE 4B RETIREMENT OF CAPITAL CREDITS 555,306 ROUNDING -2 X X X false false false CHAD FELDERMAN GENERAL MANAGER/CEO 164778 56050 60982 281810 MATT ZOMER MANAGER OF OPERATION 112372 39960 102031 254363 JODENE DECKER MANAGER OF HR 107639 36939 53143 197721 BRANDON MOORE JOURNEYMAN 102371 32047 47217 181635 FORM 990 THE COOPERATIVE HAS INCLUDED THE PATRONAGE CAPITAL RETIRED ON PART IX, LINE 4. THE NET MARGIN FOR 2024 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 55,749