Nonprofit · EIN 46-0121065
CODINGTON-CLARK ELECTRIC COOPERATIVE INC
Tax-exempt · WATERTOWN, SD 57201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $17,851,791 | $17,851,791 | $0 | $63,481,546 | $42,124,607 | $21,356,939 |
| December 31, 2024 | 990 | $16,432,914 | $16,432,914 | $0 | $61,679,042 | $41,250,219 | $20,428,823 |
| December 31, 2023 | 990 | $15,232,648 | $15,232,648 | $0 | $57,707,202 | $38,065,013 | $19,642,189 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $17,746,506
- Investment income
- $144,444
- Net income from sales of inventory
- -$39,159
- Other revenue
- -$39,159
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $1,446,951
- Compensation of officers, directors and key employees
- $1,183,987
- Other salaries and wages
- $703,928
- Salaries, compensation and benefits (total)
- $2,185,287
- Professional fundraising fees
- $0
- Legal fees
- $14,760
- Accounting fees
- $25,034
- Occupancy
- $2,630
- Travel
- $42,692
- Depreciation
- $1,676,290
Balance sheet and other
- Total assets, start of year
- $61,679,042
- Total assets, end of year
- $63,481,546
- Total liabilities, end of year
- $42,124,607
- Net assets, end of year
- $21,356,939
- Land, buildings and equipment
- $45,594,318
- Gross receipts
- $18,023,132
- Employees
- 15
- Volunteers
- 0
- Year formed
- 1947
- 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 |
|---|---|---|---|---|
| DAVID EIDE | GENERAL MANAGER Officer | 45 | $182,134 | $142,167 |
| JARED TERHARK | DISTRIBUTION SYSTEM MANAGER Highest-paid employee | 45 | $123,543 | $60,591 |
| JAROD SUTTEN | MEMBER SERVICES MANAGER Highest-paid employee | 45 | $110,820 | $60,463 |
| NATASHA TORGERSON | OFFICE SERVICES MANAGER Highest-paid employee | 45 | $105,732 | $57,015 |
| JAMES HATTON | CREW LEADER Highest-paid employee | 40 | $108,608 | $48,311 |
| RHYAN KOCH | LEAD LINE WORKER Highest-paid employee | 40 | $102,920 | $49,707 |
| ROY GJERDE | SECRETARY Trustee or director, Officer | 10 | $8,000 | $0 |
| DANIEL THYEN | VICE PRESIDENT Trustee or director, Officer | 10 | $7,300 | $0 |
| RUSSELL HURLBERT | DIRECTOR Trustee or director | 10 | $5,300 | $0 |
| MICHAEL MELAND | DIRECTOR Trustee or director | 10 | $4,400 | $0 |
| DAVID WARKENTHIEN | DIRECTOR Trustee or director | 10 | $4,400 | $0 |
| BENJAMIN FLEMING | DIRECTOR Trustee or director | 10 | $4,100 | $0 |
| ALFRED SCHLEUSNER | PRESIDENT Trustee or director, Officer | 10 | $3,800 | $0 |
| JAY FOSTER | DIRECTOR (BEG 04/2025) Trustee or director | 10 | $3,500 | $0 |
| JOHN RIDER | TREASURER Trustee or director, Officer | 10 | $3,100 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RUSSELL FOSTER | DIRECTOR (UNTIL 03/2025) Trustee or director | 10 | $900 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID EIDE | GENERAL MANAGER Officer | 45 | $169,904 | $107,236 |
| JARED TERHARK | DISTRIBUTION SYSTEM MANAGER Highest-paid employee | 45 | $118,441 | $44,996 |
| JAROD SUTTEN | MEMBER SERVICES MANAGER Highest-paid employee | 45 | $110,639 | $45,673 |
| JAMES HATTON | CREW LEADER Highest-paid employee | 45 | $101,782 | $37,289 |
| RUSSELL HURLBERT | DIRECTOR Trustee or director | 10 | $6,900 | $0 |
| MICHAEL MELAND | DIRECTOR Trustee or director | 10 | $5,700 | $0 |
| BENJAMIN FLEMING | DIRECTOR Trustee or director | 10 | $4,900 | $0 |
| DANIEL THYEN | VICE PRESIDENT Trustee or director, Officer | 10 | $4,700 | $0 |
| ROY GJERDE | SECRETARY Trustee or director, Officer | 10 | $4,600 | $0 |
| ALFRED SCHLEUSNER | PRESIDENT Trustee or director, Officer | 10 | $4,000 | $0 |
| DAVID WARKENTHIEN | DIRECTOR Trustee or director | 10 | $3,800 | $0 |
| JOHN RIDER | TREASURER Trustee or director, Officer | 10 | $3,100 | $0 |
| RUSSELL FOSTER | DIRECTOR Trustee or director | 10 | $2,800 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID EIDE | GENERAL MANAGER Officer | 45 | $157,257 | $94,868 |
| JARED TERHARK | DISTRIBUTION SYSTEM MANAGER Highest-paid employee | 45 | $107,977 | $44,106 |
| JAROD SUTTEN | MEMBER SERVICES MANAGER Highest-paid employee | 45 | $102,689 | $44,119 |
| DANIEL THYEN | SECRETARY Trustee or director, Officer | 10 | $5,700 | $0 |
| RUSSELL HURLBERT | DIRECTOR Trustee or director | 10 | $5,100 | $0 |
| ROY GJERDE | DIRECTOR Trustee or director | 10 | $5,000 | $0 |
| BENJAMIN FLEMING | PRESIDENT Trustee or director, Officer | 10 | $4,700 | $0 |
| DAVID WARKENTHIEN | DIRECTOR Trustee or director | 10 | $4,100 | $0 |
| JOHN RIDER | DIRECTOR Trustee or director | 10 | $3,800 | $0 |
| ALFRED SCHLEUSNER | VICE PRESIDENT Trustee or director, Officer | 10 | $3,400 | $0 |
| MICHAEL MELAND | DIRECTOR Trustee or director | 10 | $3,300 | $0 |
| RUSSELL FOSTER | TREASURER Trustee or director, Officer | 10 | $1,900 | $0 |
Address and contacts
- Address (IRS master file)
- 3520 9TH AVE SW, WATERTOWN, SD 57201-7037
- Principal officer (990 for 2025)
- DAVID EIDE, 3520 9TH AVE SW, WATERTOWN, SD 572017037
- Signed the 990
- DAVID EIDE, GENERAL MANAGER
- Phone
- (605) 886-5848
- Website
- WWW.CCELECTRIC.COOP
- Return prepared by
- EIDE BAILLY LLP
Mission
OUR PURPOSE IS TO PROVIDE ELECTRIC ENERGY TO THE MEMBERSHIP. WE WILL: PROVIDE EXEMPLARY PERSONAL SERVICE; PRUDENTLY MANAGE REVENUE AND EXPENSES; OPERATE AND MAINTAIN SAFE AND RELIABLE DISTRIBUTION FACILITIES; PROVIDE REASONABLY PRICED ELECTRIC ENERGY; ENHANCE COMMUNITY MEMBER RELATIONSHIPS; MAINTAIN A SAFE AND GRATIFYING WORK ENVIRONMENT FOR EMPLOYEES; AND EMBRACE CHANGE THAT BENEFITS THE MEMBERSHIP.
Program accomplishments
- PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 2,554 MEMBERS. ADDED, RETIRED OR REPLACED APPROXIMATELY 18 MILES OF UNDERGROUND AND 17 MILES OF OVERHEAD LINE.
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
- 46-0121065
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1949
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $63,481,546
- Income (IRS master file)
- $18,023,132
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $17,851,791 | $17,851,791 | $63,481,546 | XML |
| 990 | December 2024 | $16,432,914 | $16,432,914 | $61,679,042 | XML |
| 990 | December 2023 | $15,232,648 | $15,232,648 | $57,707,202 | XML |
| 990 | December 2022 | $14,370,109 | $14,370,109 | $53,681,940 | 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 46-0121065).
Questions about CODINGTON-CLARK ELECTRIC COOPERATIVE INC
- What is the EIN of CODINGTON-CLARK ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of CODINGTON-CLARK ELECTRIC COOPERATIVE INC is 46-0121065.
- Is CODINGTON-CLARK ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1949.
- Are donations to CODINGTON-CLARK ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CODINGTON-CLARK 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 CODINGTON-CLARK 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 CODINGTON-CLARK 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 CODINGTON-CLARK ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 names DAVID EIDE.
- Who are the officers and directors of CODINGTON-CLARK ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 lists 16 people; 16 received compensation from the organization, the highest $182,134 (DAVID EIDE, GENERAL MANAGER).
- How much revenue does CODINGTON-CLARK ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $17,851,791, expenses of $17,851,791 and total assets of $63,481,546 at year end.
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