Nonprofit · EIN 46-0231254
SOUTH DAKOTA RURAL ELECTRIC ASSOCIATION INC
Tax-exempt · PIERRE, SD 57501
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,571,984 | $3,337,318 | $234,666 | $2,543,432 | $572,352 | $1,971,080 |
| December 31, 2023 | 990 | $3,424,925 | $3,024,835 | $400,090 | $2,140,015 | $403,601 | $1,736,414 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $22,050
- Program service revenue
- $3,456,282
- Investment income
- $93,652
- Net gain from sales of assets
- $20,400
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $402,886
- Other salaries and wages
- $704,206
- Salaries, compensation and benefits (total)
- $1,605,314
- Professional fundraising fees
- $0
- Legal fees
- $112,304
- Accounting fees
- $17,283
- Occupancy
- $28,393
- Travel
- $68,975
- Depreciation
- $76,333
Balance sheet and other
- Total assets, start of year
- $2,140,015
- Total assets, end of year
- $2,543,432
- Total liabilities, end of year
- $572,352
- Net assets, end of year
- $1,971,080
- Land, buildings and equipment
- $422,259
- Net assets without donor restrictions
- $1,971,080
- Gross receipts
- $3,575,584
- Employees
- 12
- Volunteers
- 0
- Year formed
- 1942
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEVE BARNETT | GENERAL MANAGER Officer | 45 | $199,658 | $53,880 |
| MARK PATTERSON | MGR. OF LOSS CONTROL SVCS. Highest-paid employee | 48 | $130,217 | $40,871 |
| JOSEPH DENISON | CERTIFIED LOSS CONTROL PROFESSIONAL Highest-paid employee | 42 | $101,315 | $47,970 |
| DON HEEREN | PRESIDENT Trustee or director, Officer | 1 | $9,355 | $0 |
| STEVEN HANSEN | DIRECTOR Trustee or director | 1 | $7,383 | $0 |
| TOM LARSEN | DIRECTOR Trustee or director | 1 | $5,840 | $0 |
| RODNEY TOBIN | DIRECTOR Trustee or director | 1 | $5,010 | $0 |
| BILL TOSTENSON | DIRECTOR Trustee or director | 1 | $4,563 | $0 |
| JIM PRESTON | DIRECTOR Trustee or director | 1 | $4,280 | $0 |
| JOHN LONG | VICE PRESIDENT Trustee or director, Officer | 1 | $4,198 | $0 |
| NOLAN WIPF | DIRECTOR Trustee or director | 1 | $4,130 | $0 |
| THOMAS BRUNNER | DIRECTOR Trustee or director | 1 | $4,098 | $0 |
| DAVE DANIEL | DIRECTOR Trustee or director | 1 | $4,098 | $0 |
| RODNEY MOON | DIRECTOR Trustee or director | 1 | $4,015 | $0 |
| SAM SCHUMAN | DIRECTOR Trustee or director | 1 | $3,915 | $0 |
21 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WHITNEY MEEK | TREASURER Trustee or director, Officer | 1 | $3,913 |
| DONITA LOUDNER | DIRECTOR Trustee or director | 1 | $3,833 |
| KERRY MCLELLAN | DIRECTOR Trustee or director | 1 | $3,833 |
| DANIEL THYEN | DIRECTOR Trustee or director | 1 | $3,833 |
| RICHARD ABRAHAMSON | SECRETARY Trustee or director, Officer | 1 | $3,765 |
| JOEL BAIER | DIRECTOR Trustee or director | 1 | $3,733 |
| WILLIAM DAILEY | DIRECTOR Trustee or director | 1 | $3,733 |
| DAVID STERNHAGEN | DIRECTOR Trustee or director | 1 | $3,733 |
| DONOVAN YOUNG MAN | DIRECTOR Trustee or director | 1 | $3,733 |
| CLINT CLARK | DIRECTOR Trustee or director | 1 | $3,650 |
| TOM THORPE | DIRECTOR Trustee or director | 1 | $3,468 |
| KERMIT PEARSON | DIRECTOR Trustee or director | 1 | $3,150 |
| ROSS SPERRY | DIRECTOR Trustee or director | 1 | $3,103 |
| ROBERT SHAFFER | DIRECTOR Trustee or director | 1 | $3,003 |
| RICH BENDT | DIRECTOR (AS OF 1/24) Trustee or director | 1 | $2,920 |
| NICHOLAS NEMEC | DIRECTOR Trustee or director | 1 | $2,720 |
| STAN ANDERS | DIRECTOR Trustee or director | 1 | $2,603 |
| RODNEY DEMENT | DIRECTOR (1/24-9/24) Trustee or director | 1 | $1,460 |
| DARREL RASCHKE | DIRECTOR (AS OF 9/24) Trustee or director | 1 | $1,278 |
| SHAD RIGGLE | DIRECTOR (UNTIL 1/24) Trustee or director | 1 | $913 |
| DARREN STRASSER | DIRECTOR (UNTIL 1/24) Trustee or director | 1 | $913 |
990 for the year ended December 31, 2023: 35 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEVE BARNETT | GENERAL MANAGER Officer | 42.8 | $147,460 | $24,039 |
| MARK PATTERSON | MGR. OF LOSS CONTROL SVCS. Highest-paid employee | 46.94 | $120,504 | $39,879 |
| ROSS SPERRY | DIRECTOR Trustee or director | 1 | $5,250 | $0 |
| DON HEEREN | PRESIDENT Trustee or director, Officer | 1 | $5,017 | $0 |
| RICHARD ABRAHAMSON | SECRETARY Trustee or director, Officer | 1 | $4,900 | $0 |
| BILL TOSTENSON | DIRECTOR Trustee or director | 1 | $4,900 | $0 |
| WHITNEY MEEK | TREASURER Trustee or director, Officer | 1 | $4,816 | $0 |
| STEVEN HANSEN | DIRECTOR Trustee or director | 1 | $4,725 | $0 |
| RODNEY TOBIN | DIRECTOR Trustee or director | 1 | $4,375 | $0 |
| TOM LARSEN | DIRECTOR Trustee or director | 1 | $4,220 | $0 |
| JIM PRESTON | DIRECTOR Trustee or director | 1 | $3,500 | $0 |
| JOHN LONG | VICE PRESIDENT Trustee or director, Officer | 1 | $3,500 | $0 |
| STAN ANDERS | DIRECTOR Trustee or director | 1 | $3,325 | $0 |
| WILLIAM DAILEY | DIRECTOR Trustee or director | 1 | $3,325 | $0 |
| JOEL BAIER | DIRECTOR Trustee or director | 1 | $3,325 | $0 |
| SAM SCHUMAN | DIRECTOR Trustee or director | 1 | $3,325 | $0 |
| DAVID STERNHAGEN | DIRECTOR Trustee or director | 1 | $3,325 | $0 |
| DANIEL THYEN | DIRECTOR Trustee or director | 1 | $3,325 | $0 |
| THOMAS BRUNNER | DIRECTOR Trustee or director | 1 | $3,325 | $0 |
| TOM THORPE | DIRECTOR Trustee or director | 1 | $3,325 | $0 |
| DARREN STRASSER | DIRECTOR Trustee or director | 1 | $3,325 | $0 |
| DAVE DANIEL | DIRECTOR Trustee or director | 1 | $3,325 | $0 |
| DONITA LOUDNER | DIRECTOR Trustee or director | 1 | $3,150 | $0 |
| KERMIT PEARSON | DIRECTOR Trustee or director | 1 | $3,150 | $0 |
| SHAD RIGGLE | DIRECTOR Trustee or director | 1 | $3,150 | $0 |
| NOLAN WIPF | DIRECTOR Trustee or director | 1 | $2,800 | $0 |
| ROBERT SHAFFER | DIRECTOR Trustee or director | 1 | $2,625 | $0 |
| JERRY HAMMERQUIST | DIRECTOR (LEFT 9/2023) Trustee or director | 1 | $2,525 | $0 |
| DONOVAN YOUNG MAN | DIRECTOR Trustee or director | 1 | $2,450 | $0 |
| CLINT CLARK | DIRECTOR Trustee or director | 1 | $2,450 | $0 |
| RODNEY MOON | DIRECTOR (STARTED 4/2023) Trustee or director | 1 | $2,100 | $0 |
| STEVE PETERSON | DIRECTOR (LEFT 9/2023) Trustee or director | 1 | $1,750 | $0 |
| KERRY MCLELLAN | DIRECTOR (STARTED 11/2023) Trustee or director | 1 | $1,575 | $0 |
| NICHOLAS NEMEC | DIRECTOR (STARTED 9/2023) Trustee or director | 1 | $1,400 | $0 |
| ROBERT SEYER | DIRECTOR (LEFT 4/2023) Trustee or director | 1 | $1,125 | $0 |
Address and contacts
- Address (IRS master file)
- 222 W PLEASANT DR, PIERRE, SD 57501-2472
- Principal officer (990 for 2024)
- STEVE BARNETT, PO BOX 1138, PIERRE, SD 57501
- Signed the 990
- STEVE BARNETT, GENERAL MANAGER
- Phone
- (605) 224-8823
- Website
- SDREA.COOP
- Return prepared by
- EIDE BAILLY LLP
Mission
TO SERVE THE RURAL ELECTRIC COOPERATIVES IN SOUTH DAKOTA, TO PROMOTE THE EFFECTIVE DEVELOPMENT OF RURAL ELECTRIFICATION IN SOUTH DAKOTA ON A COOPERATIVE, NON-PROFIT BASIS.
Program accomplishments
- TRAINING AND EDUCATION FOR COOPERATIVE MEMBERS, DIRECTORS, AND EMPLOYEES. THESE INCLUDE SAFETY MEETINGS, PACKAGE A, AND PACKAGE B. PACKAGE A IS FOR ADMINISTRATIVE, COMMUNICATIONS, AND SUPERVISORS, WHEREAS, PACKAGE B IS FOR SAFETY AND LOSS CONTROL PREVENTION AND TRAINING.
- YOUTH TOUR - PARTICIPATING COOPERATIVES AND HIGH SCHOOL STUDENTS FROM THOSE COOPERATIVES GO TO WASHINGTON, D.C. TO LEARN ABOUT USA HISTORY, MEET SENATORS AND REPRESENTATIVES, TAKE PART IN DEBATES, LEARN ABOUT THE POLITICAL PROCESS AND COOPERATIVE ELECTRICITY, AND TEACH PRINCIPALS FOR FUTURE MEMBERS OF THE COOPERATIVES. YOUTH EXCURSION PARTICIPANTS OF SOUTH DAKOTA COOPERATIVES GO TO BASIN IN NORTH DAKOTA TO LEARN ABOUT ELECTRICITY WITH FELLOW HIGH SCHOOL STUDENTS FROM DIFFERENT COOPERATIVES.CFC GRANT FOR $22,050 USED FOR YOUTH TOUR AND YOUTH EXCURSION.
- TOUCHSTONE ENERGY PROMOTIONS TO PROMOTE THE COOPERATIVE PRINCIPLES TO COOPERATIVE MEMBERS AND THE GENERAL PUBLIC AT FAIRS AND VARIOUS EVENTS AROUND 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 | 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
- 46-0231254
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1964
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,543,432
- Income (IRS master file)
- $3,575,584
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,571,984 | $3,337,318 | $2,543,432 | XML |
| 990 | December 2023 | $3,424,925 | $3,024,835 | $2,140,015 | XML |
| 990 | December 2022 | $2,980,976 | $3,003,592 | $1,810,935 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 46-0231254).
Questions about SOUTH DAKOTA RURAL ELECTRIC ASSOCIATION INC
- What is the EIN of SOUTH DAKOTA RURAL ELECTRIC ASSOCIATION INC?
- The employer identification number (EIN) of SOUTH DAKOTA RURAL ELECTRIC ASSOCIATION INC is 46-0231254.
- Is SOUTH DAKOTA RURAL ELECTRIC ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1964.
- Are donations to SOUTH DAKOTA RURAL ELECTRIC ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SOUTH DAKOTA RURAL ELECTRIC ASSOCIATION 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 SOUTH DAKOTA RURAL ELECTRIC ASSOCIATION INC 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 SOUTH DAKOTA RURAL ELECTRIC ASSOCIATION INC 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 SOUTH DAKOTA RURAL ELECTRIC ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 names STEVE BARNETT.
- Who are the officers and directors of SOUTH DAKOTA RURAL ELECTRIC ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 lists 36 people; 36 received compensation from the organization, the highest $199,658 (STEVE BARNETT, GENERAL MANAGER).
- How much revenue does SOUTH DAKOTA RURAL ELECTRIC ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,571,984, expenses of $3,337,318 and total assets of $2,543,432 at year end.
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