Form 990 for tax year 2024
Filed by SOUTH DAKOTA RURAL ELECTRIC ASSOCIATION INC.
Totals
- Total revenue
- $3,571,984
- Total expenses
- $3,337,318
- Contributions and grants received
- $22,050
- Grants paid
- $0
- Program service revenue
- $3,456,282
- Investment income
- $93,652
- Other revenue
- $0
- Total assets, end of year
- $2,543,432
- Total liabilities, end of year
- $572,352
- Net assets or fund balances, end of year
- $1,971,080
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$22,050
-
2a · Program service revenue: MEMBERSHIP DUES
total $1,835,672 · related or exempt $1,835,672
-
2b · Program service revenue: CO-OP CONNECTIONS
total $1,014,049 · related or exempt $1,014,049
-
2c · Program service revenue: MEMBER SERVICES/TRAINI
total $515,788 · related or exempt $515,788
-
2d · Program service revenue: LOSS CONTROL
total $83,873 · related or exempt $83,873
-
2f · All other program service revenue
total $6,900 · related or exempt $6,900
-
3 · Investment income
total $73,252 · excluded $73,252
-
7a · Gross sales of assets other than inventory
other assets $24,000
-
7b · Less cost or other basis and sales expenses
other assets $3,600
-
7c · Gain or loss
other assets $20,400
-
7d · Net gain or loss
total $20,400 · excluded $20,400
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $402,886
-
7 · Other salaries and wages
total $704,206
-
8 · Pension plan contributions
total $159,089
-
9 · Other employee benefits
total $269,515
-
10 · Payroll taxes
total $69,618
-
11b · Fees: legal
total $112,304
-
11c · Fees: accounting
total $17,283
-
13 · Office expenses
total $875,407
-
16 · Occupancy
total $28,393
-
17 · Travel
total $68,975
-
19 · Conferences, conventions and meetings
total $130,605
-
22 · Depreciation, depletion and amortization
total $76,333
-
23 · Insurance
total $39,134
-
24a · Other expenses: SELF-SUPPORTING AND CHO
total $330,410
-
24b · Other expenses: DUES & SUBSCRIPTIONS
total $20,178
-
24c · Other expenses: LEGISLATIVE
total $16,991
-
24d · Other expenses: WORK PROGRAM SUPPLEMENT
total $9,664
-
24e · All other expenses
total $6,327
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $1,553,053 · end of year $1,920,916
-
4 · Accounts receivable
beginning of year $79,294 · end of year $122,541
-
9 · Prepaid expenses and deferred charges
beginning of year $43,779 · end of year $52,981
-
10a · Land, buildings and equipment: cost or other basis
$1,561,007
-
10b · Land, buildings and equipment: accumulated depreciation
$1,138,748
-
10c · Land, buildings and equipment, net
beginning of year $439,388 · end of year $422,259
-
13 · Investments: program-related
beginning of year $24,501 · end of year $24,735
-
17 · Accounts payable and accrued expenses
beginning of year $78,050 · end of year $125,969
-
19 · Deferred revenue
beginning of year $325,551 · end of year $446,383
-
27 · Net assets without donor restrictions
beginning of year $1,736,414 · end of year $1,971,080
Mission and programs · 2024
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.
-
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.
As filed on the 2024 return.
Listed in Part VII
-
Don HeerenDON HEEREN
PRESIDENT
- Total calculated
- $9,355
- From this org
- $9,355
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
John LongJOHN LONG
VICE PRESIDENT
- Total calculated
- $4,198
- From this org
- $4,198
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Richard AbrahamsonRICHARD ABRAHAMSON
SECRETARY
- Total calculated
- $3,765
- From this org
- $3,765
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Whitney MeekWHITNEY MEEK
TREASURER
- Total calculated
- $3,913
- From this org
- $3,913
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Stan AndersSTAN ANDERS
DIRECTOR
- Total calculated
- $2,603
- From this org
- $2,603
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Joel BaierJOEL BAIER
DIRECTOR
- Total calculated
- $3,733
- From this org
- $3,733
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Rich BendtRICH BENDT
DIRECTOR (AS OF 1/24)
- Total calculated
- $2,920
- From this org
- $2,920
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Thomas BrunnerTHOMAS BRUNNER
DIRECTOR
- Total calculated
- $4,098
- From this org
- $4,098
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Clint ClarkCLINT CLARK
DIRECTOR
- Total calculated
- $3,650
- From this org
- $3,650
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
William DaileyWILLIAM DAILEY
DIRECTOR
- Total calculated
- $3,733
- From this org
- $3,733
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Dave DanielDAVE DANIEL
DIRECTOR
- Total calculated
- $4,098
- From this org
- $4,098
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Rodney DementRODNEY DEMENT
DIRECTOR (1/24-9/24)
- Total calculated
- $1,460
- From this org
- $1,460
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Steven HansenSTEVEN HANSEN
DIRECTOR
- Total calculated
- $7,383
- From this org
- $7,383
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Tom LarsenTOM LARSEN
DIRECTOR
- Total calculated
- $5,840
- From this org
- $5,840
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Donita LoudnerDONITA LOUDNER
DIRECTOR
- Total calculated
- $3,833
- From this org
- $3,833
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Kerry McLellanKERRY MCLELLAN
DIRECTOR
- Total calculated
- $3,833
- From this org
- $3,833
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Rodney MoonRODNEY MOON
DIRECTOR
- Total calculated
- $4,015
- From this org
- $4,015
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Nicholas NemecNICHOLAS NEMEC
DIRECTOR
- Total calculated
- $2,720
- From this org
- $2,720
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Kermit PearsonKERMIT PEARSON
DIRECTOR
- Total calculated
- $3,150
- From this org
- $3,150
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Jim PrestonJIM PRESTON
DIRECTOR
- Total calculated
- $4,280
- From this org
- $4,280
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Darrel RaschkeDARREL RASCHKE
DIRECTOR (AS OF 9/24)
- Total calculated
- $1,278
- From this org
- $1,278
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Shad RiggleSHAD RIGGLE
DIRECTOR (UNTIL 1/24)
- Total calculated
- $913
- From this org
- $913
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Sam SchumanSAM SCHUMAN
DIRECTOR
- Total calculated
- $3,915
- From this org
- $3,915
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Robert ShafferROBERT SHAFFER
DIRECTOR
- Total calculated
- $3,003
- From this org
- $3,003
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Ross SperryROSS SPERRY
DIRECTOR
- Total calculated
- $3,103
- From this org
- $3,103
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
David SternhagenDAVID STERNHAGEN
DIRECTOR
- Total calculated
- $3,733
- From this org
- $3,733
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Darren StrasserDARREN STRASSER
DIRECTOR (UNTIL 1/24)
- Total calculated
- $913
- From this org
- $913
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Tom ThorpeTOM THORPE
DIRECTOR
- Total calculated
- $3,468
- From this org
- $3,468
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Daniel ThyenDANIEL THYEN
DIRECTOR
- Total calculated
- $3,833
- From this org
- $3,833
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Rodney TobinRODNEY TOBIN
DIRECTOR
- Total calculated
- $5,010
- From this org
- $5,010
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Bill TostensonBILL TOSTENSON
DIRECTOR
- Total calculated
- $4,563
- From this org
- $4,563
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Nolan WipfNOLAN WIPF
DIRECTOR
- Total calculated
- $4,130
- From this org
- $4,130
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Donovan Young ManDONOVAN YOUNG MAN
DIRECTOR
- Total calculated
- $3,733
- From this org
- $3,733
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Steve BarnettSTEVE BARNETT
GENERAL MANAGER
- Total calculated
- $253,538
- From this org
- $199,658
- From related orgs
- $0
- Other
- $53,880
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $197,882
- Bonus
- $0
- Other
- $1,776
- Deferred
- $18,499
- Nontaxable benefits
- $38,001
- Filer's total
- $256,158
-
Mark PattersonMARK PATTERSON
MGR. OF LOSS CONTROL SVCS.
- Total calculated
- $171,088
- From this org
- $130,217
- From related orgs
- $0
- Other
- $40,871
- Hours/week
- 48
Schedule J breakdown matched by us
- Base
- $128,575
- Bonus
- $0
- Other
- $1,642
- Deferred
- $26,621
- Nontaxable benefits
- $16,440
- Filer's total
- $173,278
-
Joseph DenisonJOSEPH DENISON
CERTIFIED LOSS CONTROL PROFESSIONAL
- Total calculated
- $149,285
- From this org
- $101,315
- From related orgs
- $0
- Other
- $47,970
- Hours/week
- 42
Schedule J breakdown matched by us
- Base
- $99,963
- Bonus
- $0
- Other
- $1,352
- Deferred
- $17,376
- Nontaxable benefits
- $32,523
- Filer's total
- $151,214
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- SCHEDULE J, PART II, COLUMN C
- MARK PATTERSON, STEVEN BARNETT, AND JOSEPH DENISON PARTICIPATE IN THE DEFINED BENEFIT PLAN. THE CHANGE IN ACTUARIAL VALUE IS INCLUDED IN PART II, COLUMN C. MARK PATTERSON: $24,056 STEVEN BARNETT: $14,352 JOSEPH DENISON: $15,216 ACTUAL CONTRIBUTIONS TO THE PLAN ARE AS FOLLOWS: MARK PATTERSON: $29,224 STEVEN BARNETT: $36,915 JOSEPH DENISON: $24,610
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 11 September 2025
- IRS schema version
- 2024v5.2
- Source object
- 202512809349301146
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