Nonprofit · EIN 41-0212180
DAKOTA ELECTRIC ASSOCIATION
Tax-exempt · FARMINGTON, MN 55024
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $229,998,295 | $229,656,385 | $341,910 | $421,668,479 | $227,581,679 | $194,086,800 |
| December 31, 2023 | 990 | $231,566,305 | $221,568,956 | $9,997,349 | $407,291,057 | $208,295,930 | $198,995,127 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $229,683,132
- Investment income
- $298,745
- Net gain from sales of assets
- $164,256
- Net income from sales of inventory
- $16,418
- Other revenue
- $16,418
Expenses
- Grants and similar amounts paid
- $580,722
- Compensation of officers, directors and key employees
- $3,310,485
- Other salaries and wages
- $18,187,353
- Salaries, compensation and benefits (total)
- $27,709,062
- Professional fundraising fees
- $0
- Legal fees
- $418,950
- Accounting fees
- $57,643
- Occupancy
- $162,128
- Travel
- $306,023
- Depreciation
- $14,511,907
Balance sheet and other
- Total assets, start of year
- $407,291,057
- Total assets, end of year
- $421,668,479
- Total liabilities, end of year
- $227,581,679
- Net assets, end of year
- $194,086,800
- Land, buildings and equipment
- $225,651,936
- Gross unrelated business income
- $1,894
- Gross receipts
- $230,139,623
- Employees
- 218
- Volunteers
- 0
- Year formed
- 1937
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RYAN HENTGES | CEO Officer | 40 | $490,774 | $86,427 |
| BETTY JO KIESOW | VP-ENGINEERING SERVICES Key employee | 40 | $286,006 | $159,861 |
| COREY HINTZ | VP-FINANCIAL SERVICES/CFO Officer | 40 | $284,681 | $69,528 |
| JEFFREY SCHOENECKER | VP-UTILITY SERVICES Key employee | 40 | $275,717 | $61,338 |
| ADAM HEINEN | VP-REGULATORY SERVICES Key employee | 40 | $259,878 | $65,296 |
| JONATHON BEYER | VP-ENERGY & MEMBER SERVICES Key employee | 40 | $258,780 | $63,763 |
| MICHAEL NELSON | VP-INFORMATION SERVICES/CIO Officer | 40 | $278,385 | $31,513 |
| JOHN THURMES | CONTROL CENTER MANAGER Highest-paid employee | 40 | $191,604 | $86,354 |
| CARLA HENKE | CORPORATE CONTROLLER Highest-paid employee | 40 | $178,806 | $93,338 |
| GRANT BAUMBERGER | FACILITIES & TECH SERV MGR Highest-paid employee | 40 | $184,820 | $86,333 |
| TRINA SANDLIE | VP-PEOPLE AND CULTURE Key employee | 40 | $249,367 | $17,924 |
| NICOLAS DEVINE | FINANCIAL SYSTEMS OPERATION MANAGER Highest-paid employee | 40 | $159,598 | $61,204 |
| JOHN BERGE | GRID MODERNIZATION MANAGER Highest-paid employee | 40 | $168,928 | $51,770 |
| PAUL BAKKEN | CHAIR Trustee or director, Officer | 25 | $46,020 | $0 |
| GERALD PITTMAN JR | TREASURER/VICE CHAIR (BEG MAY) Trustee or director, Officer | 16 | $35,400 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERRENCE DONNELLY | SECRETARY Trustee or director, Officer | 16 | $35,400 |
| DAVID JONES | DIRECTOR/TREASURER (BEG MAY) Trustee or director, Officer | 20 | $35,400 |
| KENNETH DANNER | DIRECTOR Trustee or director | 14 | $35,400 |
| JOHN JACK DEYOE | DIRECTOR Trustee or director | 22 | $35,400 |
| CYNTHIA FIELDS | DIRECTOR Trustee or director | 3 | $35,400 |
| JENNIFER HOEFT | DIRECTOR Trustee or director | 10 | $35,400 |
| STACY MILLER | DIRECTOR Trustee or director | 10 | $35,400 |
| MARGARET SCHREINER | DIRECTOR Trustee or director | 19 | $35,400 |
| CLAY VAN DE BOGART | VICE CHAIR/DIRECTOR (BEG MAY) Trustee or director | 17 | $35,400 |
| BILL MIDDLECAMP | DIRECTOR Trustee or director | 16 | $29,500 |
990 for the year ended December 31, 2023: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RYAN HENTGES | PRESIDENT/CEO (BEG MAY) Officer | 40 | $372,247 | $66,736 |
| BETTY JO KIESOW | VP-ENGINEERING SERVICES Key employee | 40 | $254,662 | $151,339 |
| COREY HINTZ | VP-FINANCIAL SERVICES/CFO Officer | 40 | $241,605 | $69,246 |
| GREG MILLER | PRESIDENT/CEO (END MAY) Officer | 40 | $289,527 | $19,695 |
| CRAIG TURNER | SR. PRINCIPAL & REGULATORY ENGINEER Highest-paid employee | 40 | $176,374 | $117,357 |
| MICHAEL NELSON | VP-INFORMATION SERVICES/CIO Officer | 40 | $257,571 | $28,333 |
| JEFFREY SCHOENECKER | VP-UTILITY SERVICES Key employee | 40 | $258,442 | $24,877 |
| JONATHON BEYER | VP-ENERGY & MEMBER SERVICES Key employee | 40 | $224,125 | $54,491 |
| ADAM HEINEN | VP-REGULATORY SERVICES Key employee | 40 | $200,567 | $64,764 |
| GRANT BAUMBERGER | FACILITIES & TECH SERV MGR Highest-paid employee | 40 | $176,798 | $82,558 |
| JOHN THURMES | CONTROL CENTER MANAGER Highest-paid employee | 40 | $178,457 | $76,610 |
| CARLA HENKE | CORPORATE CONTROLLER Highest-paid employee | 40 | $180,570 | $72,275 |
| JOHN BERGE | GRID MODERNIZATION MANAGER Highest-paid employee | 40 | $155,451 | $57,357 |
| PAUL BAKKEN | CHAIR Trustee or director, Officer | 25 | $45,320 | $0 |
| TERRENCE DONNELLY | SECRETARY Trustee or director, Officer | 14 | $34,850 | $0 |
| GERALD PITTMAN JR | TREASURER Trustee or director, Officer | 15 | $34,850 | $0 |
| CLAY VAN DE BOGART | DIRECTOR/VICE CHAIR (BEG MAY) Trustee or director, Officer | 17 | $34,850 | $0 |
| KENNETH DANNER | DIRECTOR Trustee or director | 14 | $34,850 | $0 |
| JOHN JACK DEYOE | DIRECTOR Trustee or director | 22 | $34,850 | $0 |
| DAVID JONES | DIRECTOR Trustee or director | 20 | $34,850 | $0 |
| BILL MIDDLECAMP | VICE CHAIR/DIRECTOR (BEG MAY) Trustee or director, Officer | 16 | $34,850 | $0 |
| STACY MILLER | DIRECTOR Trustee or director | 12 | $34,850 | $0 |
| MARGARET SCHREINER | DIRECTOR Trustee or director | 18.5 | $34,850 | $0 |
| JENNIFER HOEFT | DIRECTOR (BEG APR) Trustee or director | 8 | $26,330 | $0 |
| CYNTHIA FIELDS | DIRECTOR (BEG AUG) Trustee or director | 14 | $14,750 | $0 |
Address and contacts
- Address (IRS master file)
- 4300 220TH ST W, FARMINGTON, MN 55024-9003
- Principal officer (990 for 2024)
- RYAN HENTGES, 4300 220TH ST W, FARMINGTON, MN 550249583
- Signed the 990
- RYAN HENTGES, CEO
- Phone
- (800) 874-3409
- Website
- WWW.DAKOTAELECTRIC.COM
- Return prepared by
- EIDE BAILLY LLP
Mission
WE ARE A MEMBER-OWNED, MEMBER-FOCUSED ELECTRIC DISTRIBUTION COOPERATIVE, STRIVING TO EXCEED OUR MEMBER'S ENERGY EXPECTATIONS IN A CHANGING WORLD.
Program accomplishments
- PROVIDE ELECTRIC AND RELATED SERVICES AND PRODUCTS FOR APPROXIMATELY 117,000 MEMBERS/CUSTOMERS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-0212180
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1938
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $421,668,479
- Income (IRS master file)
- $230,139,623
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $229,998,295 | $229,656,385 | $421,668,479 | XML |
| 990 | December 2023 | $231,566,305 | $221,568,956 | $407,291,057 | XML |
| 990 | December 2022 | $219,708,380 | $216,108,429 | $393,498,407 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-0212180).
Questions about DAKOTA ELECTRIC ASSOCIATION
- What is the EIN of DAKOTA ELECTRIC ASSOCIATION?
- The employer identification number (EIN) of DAKOTA ELECTRIC ASSOCIATION is 41-0212180.
- Is DAKOTA ELECTRIC ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1938.
- Are donations to DAKOTA ELECTRIC ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does DAKOTA ELECTRIC ASSOCIATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of DAKOTA ELECTRIC ASSOCIATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DAKOTA ELECTRIC ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of DAKOTA ELECTRIC ASSOCIATION?
- The 990 for the year ended December 31, 2024 names RYAN HENTGES.
- Who are the officers and directors of DAKOTA ELECTRIC ASSOCIATION?
- The 990 for the year ended December 31, 2024 lists 25 people; 25 received compensation from the organization, the highest $490,774 (RYAN HENTGES, CEO).
- How much revenue does DAKOTA ELECTRIC ASSOCIATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $229,998,295, expenses of $229,656,385 and total assets of $421,668,479 at year end.
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