Nonprofit · EIN 46-0217086
DOUGLAS ELECTRIC COOPERATIVE INC
Tax-exempt · ARMOUR, SD 57313
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $3,668,810 | $3,668,810 | $0 | $11,120,409 | $7,194,242 | $3,926,167 |
| December 31, 2024 | 990 | $3,350,147 | $3,350,147 | $0 | $10,066,990 | $6,192,353 | $3,874,637 |
| December 31, 2023 | 990 | $3,290,647 | $3,290,647 | $0 | $9,742,505 | $6,014,670 | $3,727,835 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $3,650,316
- Investment income
- $18,494
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $257,996
- Compensation of officers, directors and key employees
- $193,953
- Other salaries and wages
- $492,446
- Salaries, compensation and benefits (total)
- $1,026,074
- Professional fundraising fees
- $0
- Legal fees
- $2,750
- Accounting fees
- $11,281
- Occupancy
- $2,495
- Depreciation
- $269,810
Balance sheet and other
- Total assets, start of year
- $10,066,990
- Total assets, end of year
- $11,120,409
- Total liabilities, end of year
- $7,194,242
- Net assets, end of year
- $3,926,167
- Land, buildings and equipment
- $7,898,599
- Gross receipts
- $3,668,810
- Employees
- 8
- Volunteers
- 0
- Year formed
- 1946
- 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 |
|---|---|---|---|---|
| Jay Spaans | Manager Key employee | 40 | $108,780 | $56,973 |
| Larry Vander Ley | Vice President Trustee or director | 6 | $7,050 | $0 |
| Blake Ligtenberg | Treasurer Trustee or director | 5 | $6,300 | $0 |
| Wayne Lefers | President Trustee or director | 5 | $5,400 | $0 |
| Eric Neugebauer | Director Trustee or director | 5 | $5,400 | $0 |
| Joel Baier | Secretary Trustee or director | 4 | $4,050 | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Jay Spaans | Manager Key employee | 40 | $98,566 | $52,329 |
| Larry Vander Ley | Vice President Trustee or director | 6 | $7,325 | $0 |
| Blake Ligtenberg | Treasurer Trustee or director | 6 | $6,425 | $0 |
| Wayne Lefers | President Trustee or director | 5 | $4,750 | $0 |
| Joel Baier | Secretary Trustee or director | 5 | $4,475 | $0 |
| Eric Neugebauer | Director Trustee or director | 3 | $3,875 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jay Spaans | Manager Key employee | 40 | $93,614 | $49,958 |
| Larry Vander Ley | Vice President Trustee or director | 7 | $8,700 | $0 |
| Wayne Lefers | President Trustee or director | 7 | $8,275 | $0 |
| Blake Ligtenberg | Director Trustee or director | 5 | $5,375 | $0 |
| Joel Baier | Director Trustee or director | 5 | $5,100 | $0 |
| David Neugebauer | Secretary/Treasurer Trustee or director | 5 | $4,125 | $0 |
Address and contacts
- Address (IRS master file)
- 27913 US HIGHWAY 281, ARMOUR, SD 57313-5726
- Principal officer (990 for 2025)
- Wayne Lefers, 27913 US Highway 281, Armour, SD 57313
- Signed the 990
- Phyllis Hrdlicka, Staff Assistant
- Phone
- (605) 724-2323
Mission
Dedicated to provide safe, low cost, reliable electricity to all our members.
Program accomplishments
- Douglas Electric has purchased and delivered electricity to 822 rural electric services for 620 rural electric cooperative members in Douglas County, South Dakota.
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
- 46-0217086
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1950
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $11,120,409
- Income (IRS master file)
- $3,668,810
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $3,668,810 | $3,668,810 | $11,120,409 | XML |
| 990 | December 2024 | $3,350,147 | $3,350,147 | $10,066,990 | XML |
| 990 | December 2023 | $3,290,647 | $3,290,647 | $9,742,505 | XML |
| 990 | December 2022 | $3,345,818 | $3,345,818 | $9,362,059 | 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 46-0217086).
Questions about DOUGLAS ELECTRIC COOPERATIVE INC
- What is the EIN of DOUGLAS ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of DOUGLAS ELECTRIC COOPERATIVE INC is 46-0217086.
- Is DOUGLAS ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1950.
- Are donations to DOUGLAS ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does DOUGLAS 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 DOUGLAS 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 DOUGLAS 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 DOUGLAS ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 names Wayne Lefers.
- Who are the officers and directors of DOUGLAS ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 lists 6 people; 6 received compensation from the organization, the highest $108,780 (Jay Spaans, Manager).
- How much revenue does DOUGLAS ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $3,668,810, expenses of $3,668,810 and total assets of $11,120,409 at year end.
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