Nonprofit · EIN 46-0454373
SOUTHEASTERN ELECTRIC COOPERATIVE INC
Tax-exempt · LENNOX, SD 57039
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $96,007,173 | $96,007,173 | $0 | $274,314,515 | $173,341,119 | $100,973,396 |
| December 31, 2024 | 990 | $87,619,989 | $87,619,989 | $0 | $265,106,823 | $171,793,109 | $93,313,714 |
| December 31, 2023 | 990 | $81,602,377 | $81,602,377 | $0 | $248,235,233 | $161,137,431 | $87,097,802 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $95,578,445
- Investment income
- $410,779
- Net rental income
- $24,145
- Net gain from sales of assets
- $10,157
- Net income from sales of inventory
- -$6,196
- Other revenue
- $17,949
Expenses
- Grants and similar amounts paid
- $58,395
- Benefits paid to members
- $9,603,124
- Compensation of officers, directors and key employees
- $1,123,772
- Other salaries and wages
- $6,014,186
- Salaries, compensation and benefits (total)
- $8,887,348
- Professional fundraising fees
- $0
- Depreciation
- $7,272,913
Balance sheet and other
- Total assets, start of year
- $265,106,823
- Total assets, end of year
- $274,314,515
- Total liabilities, end of year
- $173,341,119
- Net assets, end of year
- $100,973,396
- Land, buildings and equipment
- $184,976,436
- Gross receipts
- $96,531,136
- Employees
- 70
- Volunteers
- 0
- Year formed
- 2000
- 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 |
|---|---|---|---|---|
| CHAD KINSLEY | CEO Officer | 40 | $347,033 | $103,435 |
| JOHN EUCHNER | VP OF OPERATIONS & ENGINEE Key employee | 40 | $196,128 | $126,688 |
| TODD NELSON | VP OF INFORMATION TECHNOLOGY Highest-paid employee | 40 | $178,516 | $60,960 |
| JON WUNDER | CFO Officer | 40 | $171,232 | $66,526 |
| DUANE PULSE | LINE SUPERINTENDENT Highest-paid employee | 40 | $143,212 | $84,700 |
| ADAM STARK | LINE SUPERINTENDENT Highest-paid employee | 40 | $139,373 | $79,525 |
| TROY PETERS | LINE SUPERINTENDENT Highest-paid employee | 40 | $156,165 | $56,612 |
| ROBERT KALDA | LINE SUPERINTENDENT Highest-paid employee | 40 | $143,155 | $58,994 |
| DONOVAN KOST | DIRECTOR Trustee or director | 8 | $17,880 | $0 |
| ROBERT WOLLMANN | VICE PRESIDENT Trustee or director, Officer | 8.7 | $16,180 | $0 |
| STEVE HOLMBERG | PRESIDENT Trustee or director, Officer | 5.4 | $14,455 | $0 |
| CARLOS HOFER | DIRECTOR Trustee or director | 4.9 | $14,055 | $0 |
| JOHNATHAN WILDEBOER | SECRETARY Trustee or director, Officer | 5.8 | $13,680 | $0 |
| DON HEEREN | DIRECTOR Trustee or director | 5.8 | $12,780 | $0 |
| DARYL TERVEEN | TREASURER Trustee or director, Officer | 5.4 | $12,605 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN OSTRAAT | DIRECTOR Trustee or director | 4.2 | $10,230 |
| CHRIS HOFER | DIRECTOR Trustee or director | 2.6 | $8,742 |
990 for the year ended December 31, 2024: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHAD KINSLEY | CEO Officer | 40 | $327,102 | $57,247 |
| JOHN EUCHNER | VP OF OPERATIONS & ENGINEERING Key employee | 40 | $185,992 | $103,434 |
| TROY PETERS | LINE SUPERINTENDENT Highest-paid employee | 40 | $153,745 | $126,392 |
| TODD NELSON | VP OF INFORMATION TECHNOLOGY Highest-paid employee | 40 | $169,667 | $57,114 |
| JON WUNDER | CFO Officer | 40 | $158,959 | $57,365 |
| ADAM STARK | LINE SUPERINTENDENT Highest-paid employee | 40 | $137,800 | $68,667 |
| ROBERT DUBBELDE | LINE SUPERINTENDENT Highest-paid employee | 40 | $140,578 | $43,031 |
| ROBERT KALDA | LINE SUPERINTENDENT Highest-paid employee | 40 | $133,929 | $48,606 |
| DONOVAN KOST | DIRECTOR Trustee or director | 8.8 | $17,405 | $0 |
| JOHNATHAN WILDEBOER | SECRETARY Trustee or director, Officer | 6.1 | $15,155 | $0 |
| JOHN OSTRAAT | DIRECTOR Trustee or director | 6.7 | $14,605 | $0 |
| ROBERT WOLLMANN | VICE PRESIDENT Trustee or director, Officer | 7.1 | $13,780 | $0 |
| STEVE HOLMBERG | PRESIDENT Trustee or director, Officer | 5.3 | $13,230 | $0 |
| DON HEEREN | DIRECTOR Trustee or director | 5.9 | $12,530 | $0 |
| CHRIS HOFER | DIRECTOR Trustee or director | 3.4 | $11,880 | $0 |
| DARYL TERVEEN | TREASURER Trustee or director, Officer | 4.5 | $11,205 | $0 |
| CARLOS HOFER | DIRECTOR Trustee or director | 3.8 | $10,855 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BRAD SCHARDIN | GENERAL MANAGER - UNTIL 09/2023 Officer | 40 | $315,625 | $32,269 |
| JOHN EUCHNER | MANAGER OF OPERATING AND ENGINEERING Key employee | 40 | $179,095 | $93,050 |
| TROY PETERS | LINE SUPERINTENDENT Highest-paid employee | 40 | $137,614 | $116,104 |
| ROBERT KALDA | LINE SUPERINTENDENT Highest-paid employee | 40 | $126,079 | $120,239 |
| TODD NELSON | MEMBER SERVICES & IT MANAGER Highest-paid employee | 40 | $162,189 | $53,301 |
| JON WUNDER | CFO Officer | 40 | $147,341 | $54,212 |
| ADAM STARK | LINE SUPERINTENDENT Highest-paid employee | 40 | $128,229 | $64,214 |
| CHAD KINSLEY | CEO - BEGAN 07/2023 Officer | 40 | $168,327 | $12,607 |
| ROBERT DUBBELDE | LINE SUPERINTENDENT Highest-paid employee | 40 | $127,155 | $46,245 |
| DON HEEREN | PRESIDENT Trustee or director, Officer | 10.1 | $23,380 | $0 |
| ROBERT WOLLMANN | DIRECTOR Trustee or director | 9.1 | $17,930 | $0 |
| DARYL TERVEEN | TREASURER Trustee or director, Officer | 7.4 | $17,830 | $0 |
| STEVE HOLMBERG | VICE PRESIDENT Trustee or director, Officer | 7.6 | $17,630 | $0 |
| JOHN OSTRAAT | DIRECTOR Trustee or director, Officer | 7.1 | $15,980 | $0 |
| CARLOS HOFER | DIRECTOR Trustee or director | 5.4 | $14,955 | $0 |
| JOHNATHAN WILDEBOER | SECRETARY Trustee or director, Officer | 5.5 | $13,255 | $0 |
| CHRIS HOFER | DIRECTOR Trustee or director | 3.7 | $12,355 | $0 |
| DONOVAN KOST | DIRECTOR - BEGAN 06/2023 Trustee or director | 8.2 | $8,905 | $0 |
Address and contacts
- Address (IRS master file)
- 47077 276TH ST, LENNOX, SD 57039-5415
- In care of
- % CHAD KINSLEY
- Principal officer (990 for 2025)
- CHAD KINSLEY, 47077 276TH ST, LENNOX, SD 57039
- Signed the 990
- JON WUNDER, CFO
- Phone
- (605) 648-3619
- Website
- WWW.SOUTHEASTERNELECTRIC.COM
- Return prepared by
- EIDE BAILLY LLP
Mission
MEMBER FOCUSED. MEMBER DRIVEN. AS A NON-PROFIT ELECTRIC COOPERATIVE, WE ARE HERE TO SERVE THE MEMBERS OF THE COOPERATIVE WITH RELIABLE, QUALITY AND AFFORDABLE ELECTRIC SERVICE AND TO DO THAT WE ARE FOCUSED ON THEIR NEEDS AND DESIRES.
Program accomplishments
- PROVIDING ELECTRIC SERVICE TO APPROXIMATELY 20,718 MEMBER-CONSUMERS OVER 4,640 MILES OF 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
- 46-0454373
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Mutual and membership benefit (Y22)
- Assets (IRS master file)
- $274,314,515
- Income (IRS master file)
- $96,531,136
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $96,007,173 | $96,007,173 | $274,314,515 | XML |
| 990 | December 2024 | $87,619,989 | $87,619,989 | $265,106,823 | XML |
| 990 | December 2023 | $81,602,377 | $81,602,377 | $248,235,233 | XML |
| 990 | December 2022 | $76,912,343 | $76,912,343 | $223,506,079 | 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 46-0454373).
Questions about SOUTHEASTERN ELECTRIC COOPERATIVE INC
- What is the EIN of SOUTHEASTERN ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of SOUTHEASTERN ELECTRIC COOPERATIVE INC is 46-0454373.
- Is SOUTHEASTERN ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 2000.
- Are donations to SOUTHEASTERN ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SOUTHEASTERN 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 SOUTHEASTERN 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 SOUTHEASTERN 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 SOUTHEASTERN ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 names CHAD KINSLEY.
- Who are the officers and directors of SOUTHEASTERN ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 lists 17 people; 17 received compensation from the organization, the highest $347,033 (CHAD KINSLEY, CEO).
- How much revenue does SOUTHEASTERN ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $96,007,173, expenses of $96,007,173 and total assets of $274,314,515 at year end.
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