2026-03-26T11:55:03-07:00 2025-12-31 990 2025-01-01 460217086 DOUGLAS ELECTRIC COOPERATIVE INC DOUG 6057242323 27913 US HIGHWAY 281 Armour SD 57313 Phyllis Hrdlicka Staff Assistant 6057242323 2026-03-26 2025 2025-03-06 01:10:19Z Wayne Lefers 27913 US Highway 281 Armour SD 57313 3668810 0 X X 1946 SD Dedicated to provide safe, low cost, reliable electricity to all our members. 5 5 8 0 0 0 0 0 3338584 3650316 11563 18494 0 0 3350147 3668810 0 0 226990 257996 1012540 1026074 0 0 0 2110617 2384740 3350147 3668810 0 0 10066990 11120409 6192353 7194242 3874637 3926167 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 12 0 1 8 1 0 0 0 0 0 3627952 40858 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 0 X 108780 0 56973 Larry Vander Ley Vice President 6 0 X 7050 0 0 Blake Ligtenberg Treasurer 5 0 X 6300 0 0 Wayne Lefers President 5 0 X 5400 0 0 Eric Neugebauer Director 5 0 X 5400 0 0 Joel Baier Secretary 4 0 X 4050 0 0 136980 0 56973 1 0 1 0 0 Electricity Sales 221122 3457958 3457958 0 0 Service Calls & Material Sales 221122 27684 27684 0 0 G&T Allocations 221122 164674 164674 0 0 0 0 0 0 3650316 18494 18494 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3668810 3668810 0 0 0 0 0 257996 193953 0 492446 129520 163742 46413 0 2750 11281 0 0 0 0 0 0 0 0 2495 0 0 15978 217335 0 269810 0 Cost of Power 1736846 Other power line expenses 128245 0 3668810 0 0 0 123 191 156505 397105 0 0 302438 312060 0 0 0 0 0 0 160734 152884 40875 28741 11332532 3433933 7129825 7898599 0 0 2254392 2315199 0 22098 15630 10066990 11120409 288885 314479 0 0 0 0 0 0 0 0 0 0 5886757 6846765 0 0 16711 32998 6192353 7194242 X 4950 5030 0 0 3869687 3921137 3874637 3926167 10066990 11120409 X 0 0 0 0 0 51530 X 0 1 1 0 83880 0 83880 1555942 0 190732 1365210 0 0 0 0 1282546 0 482436 800110 8410164 0 2760765 5649399 7898599 G&T Capital Credits 2089783 C CFC Patronage Capital & CTC's 59752 C East River Electric, Basin Electric, NRUCFC memberships 1200 C REED Membership 40000 C Federated RE Insurance Common Stock 26000 C RESCO Patronage Capital 69585 C Golden West Telecommunitations Patronage Capital 17284 C Goehring Heat Investment 3599 C Ethan Cooperative Equity 7996 C 2315199 0 Member prepaid energy 32998 32998 X X 0 0 0 Jay Spaans Manager 108780 0 0 0 0 0 29101 0 27872 0 165753 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 the 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. Monday through Friday). Form 990, Part XI, Line 9 Capital allocated to members $257,996, capital retired to members ($215,231), change in membership fees $80 and change in donated capital $8,685 = Total change to net assets or fund balance $51,530.