Nonprofit · EIN 46-0111503
BLACK HILLS ELECTRIC COOPERATIVE INC
Tax-exempt · CUSTER, SD 57730
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $26,713,860 | $24,676,569 | $2,037,291 | $83,436,674 | $45,562,247 | $37,874,427 |
| December 31, 2024 | 990 (amended) | $25,781,472 | $21,574,581 | $4,206,891 | $82,396,288 | $44,315,625 | $38,080,663 |
| December 31, 2023 | 990 | $24,904,597 | $21,076,110 | $3,828,487 | $82,154,386 | $45,930,003 | $36,224,383 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $26,373,138
- Investment income
- $331,206
- Net rental income
- $3,564
- Net income from sales of inventory
- $5,952
- Other revenue
- $9,516
Expenses
- Grants and similar amounts paid
- $17,752
- Benefits paid to members
- $2,288,203
- Compensation of officers, directors and key employees
- $576,702
- Other salaries and wages
- $2,109,880
- Salaries, compensation and benefits (total)
- $4,370,660
- Professional fundraising fees
- $0
- Legal fees
- $19,698
- Accounting fees
- $26,923
- Occupancy
- $348,080
- Travel
- $408,674
- Depreciation
- $3,223,289
Balance sheet and other
- Total assets, start of year
- $82,396,288
- Total assets, end of year
- $83,436,674
- Total liabilities, end of year
- $45,562,247
- Net assets, end of year
- $37,874,427
- Land, buildings and equipment
- $55,884,231
- Publicly traded securities
- $8,972
- Gross unrelated business income
- $334,770
- Gross receipts
- $26,770,531
- Employees
- 28
- Volunteers
- 0
- Year formed
- 1940
- State of legal domicile
- SD
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Walker Witt | CEO Officer | 55.1 | $338,046 | $124,044 |
| Sammi Langendorf | CFO Officer | 50.8 | $179,189 | $91,578 |
| Bill Brisk | Manger of Operations Key employee | 47.8 | $177,136 | $71,181 |
| Jesse Sorenson | System Coordinator Key employee | 44.5 | $159,205 | $85,696 |
| Michelle Fisher | Dir of Communications-Member Service Highest-paid employee | 43.8 | $137,941 | $79,603 |
| Jeff Barnes | IT Specialist Highest-paid employee | 43.5 | $129,378 | $76,529 |
| Beau Bradeen | Crew Foreman Highest-paid employee | 45.4 | $125,923 | $71,181 |
| Dean Whitney | Crew Foreman Highest-paid employee | 44.4 | $124,943 | $71,181 |
| Lonnie Schryvers | Staking Tech Trustee or director, Officer | 42 | $115,963 | $71,181 |
| Rory Halverson | Staking Tech Highest-paid employee | 43 | $115,568 | $71,181 |
| Gary Kluthe | Director Trustee or director | 2.92 | $8,985 | $10,000 |
| Don Anderson | Board Treasurer Trustee or director, Officer | 4.23 | $10,689 | $0 |
| Alan Bishop | Board Assistant Secretary Trustee or director, Officer | 3.69 | $9,450 | $0 |
| Thad Wasson | Board Secretary Trustee or director, Officer | 3.69 | $9,444 | $0 |
| Dennis Quivey | Board Vice President Trustee or director, Officer | 2.77 | $7,024 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David Lindblom | Board President Trustee or director, Officer | 2.15 | $5,499 |
| Jim Preston | Director Trustee or director | 1.23 | $3,118 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Walker Witt | CEO Officer | 54.7 | $320,719 | $119,184 |
| Sammi Langendorf | CFO Officer | 49.5 | $173,803 | $85,898 |
| Jesse Sorenson | System Coordinator Key employee | 42.6 | $150,631 | $80,336 |
| Bill Brisk | Manger of Operations Key employee | 47.6 | $172,527 | $58,108 |
| Michelle Fischer | Dir of Communications-Member Service Highest-paid employee | 42.6 | $124,230 | $71,699 |
| Jeff Barnes | IT Specialist Highest-paid employee | 41.6 | $123,288 | $71,549 |
| Dean Whitney | Crew Foreman Highest-paid employee | 43.6 | $119,243 | $66,606 |
| Beau Bradeen | Crew Foreman Highest-paid employee | 43.9 | $121,377 | $58,108 |
| Rory Halverson | Staking Tech Highest-paid employee | 41.9 | $108,343 | $66,606 |
| Gary Kluthe | Director Trustee or director | 3.5 | $7,763 | $20,000 |
| Jim Preston | Board President Trustee or director, Officer | 4 | $9,515 | $0 |
| Thad Wasson | Board Secretary Trustee or director, Officer | 3.85 | $8,630 | $0 |
| Alan Bishop | Board Assistant Secretary Trustee or director, Officer | 3.62 | $8,556 | $0 |
| David Lindblom | Board Vice President Trustee or director, Officer | 2.92 | $7,081 | $0 |
| Dennis Quivey | Director Trustee or director | 3.04 | $6,860 | $0 |
| Don Anderson | Board Treasurer Trustee or director, Officer | 3.04 | $6,675 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Walker Witt | CEO Officer | 53 | $275,031 | $113,691 |
| Sammi Langendorf | CFO Officer | 49 | $162,810 | $80,834 |
| Bill Brisk | Manger of Operations Key employee | 49 | $163,025 | $65,776 |
| Jesse Sorenson | System Coordinator Highest-paid employee | 44 | $146,946 | $75,626 |
| Jeff Barnes | IT Specialist Highest-paid employee | 42 | $117,055 | $67,403 |
| Dean Whitney | Crew Foreman Highest-paid employee | 43 | $111,301 | $62,680 |
| Michelle Fischer | Dir of Communications Member Service Highest-paid employee | 43 | $108,409 | $61,173 |
| Rory Halverson | Staking Tech Highest-paid employee | 42 | $105,959 | $62,777 |
| Don Andersen | Board Secretary Trustee or director, Officer | 4 | $10,958 | $0 |
| Thad Wasson | Board Assistant Secretary Trustee or director, Officer | 4 | $10,290 | $0 |
| Dennis Quivey | Board President Trustee or director, Officer | 4 | $7,937 | $0 |
| Jim Preston | Board Vice President Trustee or director, Officer | 4 | $7,656 | $0 |
| Gary Kluthe | Board Treasurer Trustee or director, Officer | 4 | $7,094 | $0 |
| Alan Bishop | Director Trustee or director | 4 | $6,357 | $0 |
| David Lindblom | Director Trustee or director | 4 | $4,250 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 792, CUSTER, SD 57730-0792
- In care of
- % WALKER WITT
- Principal officer (990 for 2025)
- Walker Witt, PO BOX 792, CUSTER, SD 577300792
- Signed the 990
- Sammi Langendorf, CFO
- Phone
- (605) 673-4461
- Website
- bhec.coop
Mission
Black Hills Electric Cooperative is a non-profit member owned organization whose mission is to provide great electric distribution service at the lowest cost consistent with sound business practices.
Program accomplishments
- Provide electric service to 11,481 service locations in the rural area of the Black Hills and southwest Soth Dakota 24 hours each day of the year.0
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 | 990 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
- 46-0111503
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1955
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $83,436,674
- Income (IRS master file)
- $26,770,531
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $26,713,860 | $24,676,569 | $83,436,674 | IRS |
| 990 | December 2024 | $25,781,472 | $21,574,581 | $82,396,288 | IRS |
| 990 | December 2023 | $24,904,597 | $21,076,110 | $82,154,386 | XML |
| 990 | December 2022 | $27,331,090 | $21,089,119 | $78,519,547 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 46-0111503).
Questions about BLACK HILLS ELECTRIC COOPERATIVE INC
- What is the EIN of BLACK HILLS ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of BLACK HILLS ELECTRIC COOPERATIVE INC is 46-0111503.
- Is BLACK HILLS ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1955.
- Are donations to BLACK HILLS ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does BLACK HILLS ELECTRIC COOPERATIVE INC 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 BLACK HILLS ELECTRIC COOPERATIVE INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BLACK HILLS ELECTRIC COOPERATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of BLACK HILLS ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 names Walker Witt.
- Who are the officers and directors of BLACK HILLS ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 lists 17 people; 17 received compensation from the organization, the highest $338,046 (Walker Witt, CEO).
- How much revenue does BLACK HILLS ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $26,713,860, expenses of $24,676,569 and total assets of $83,436,674 at year end.
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