Skip to content
Nonprofiteer
← BON HOMME-YANKTON ELECTRIC ASSOCIATION INC

Form 990 for tax year 2022

Filed by BON HOMME-YANKTON ELECTRIC ASSOCIATION INC.

Totals

Total revenue
$11,924,392
Total expenses
$11,924,392
Contributions and grants received
$0
Grants paid
$6,150
Program service revenue
$12,024,484
Investment income
-$157,008
Other revenue
$56,916
Total assets, end of year
$38,882,765
Total liabilities, end of year
$25,057,885
Net assets or fund balances, end of year
$13,824,880
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.

  • 2a · Program service revenue: SALE OF POWER

    total $11,002,032 · related or exempt $11,002,032

  • 2b · Program service revenue: CAPITAL CREDITS

    total $899,332 · related or exempt $899,332

  • 2c · Program service revenue: INTERNET SALES

    total $28,494 · related or exempt $15,428 · unrelated business $13,066

  • 2f · All other program service revenue

    total $94,626 · related or exempt $92,168 · unrelated business $2,458

  • 3 · Investment income

    total $42,992 · excluded $42,992

  • 7b · Less cost or other basis and sales expenses

    other assets $200,000

  • 7c · Gain or loss

    other assets -$200,000

  • 7d · Net gain or loss

    total -$200,000 · excluded -$200,000

  • 10a · Gross sales of inventory

    $408,703

  • 10b · Cost of goods sold

    $351,787

  • 10c · Net income from sales of inventory

    total $56,916 · related or exempt $56,916

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,150

  • 4 · Benefits paid to or for members

    total $1,420,048

  • 5 · Compensation of officers, directors and key employees

    total $236,749

  • 7 · Other salaries and wages

    total $1,165,023

  • 8 · Pension plan contributions

    total $233,951

  • 10 · Payroll taxes

    total $100,658

  • 20 · Interest

    total $502,406

  • 22 · Depreciation, depletion and amortization

    total $1,094,880

  • 24a · Other expenses: FEDERAL INCOME TAX

    total $774

  • 24b · Other expenses: COST OF POWER

    total $6,324,492

  • 24c · Other expenses: ADMIN & GENERAL

    total $816,088

  • 24d · Other expenses: DISTRIBUTION-MAINTENANC

    total $701,705

  • 24e · All other expenses

    total -$678,532

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $507,175 · end of year $1,649,047

  • 4 · Accounts receivable

    beginning of year $1,061,813 · end of year $949,681

  • 8 · Inventories for sale or use

    beginning of year $1,399,675 · end of year $1,329,204

  • 9 · Prepaid expenses and deferred charges

    beginning of year $237,892 · end of year $15,846

  • 10a · Land, buildings and equipment: cost or other basis

    $39,162,296

  • 10b · Land, buildings and equipment: accumulated depreciation

    $13,555,918

  • 10c · Land, buildings and equipment, net

    beginning of year $24,989,094 · end of year $25,606,378

  • 12 · Investments: other securities

    beginning of year $1,120,634 · end of year $1,442,955

  • 13 · Investments: program-related

    beginning of year $7,335,033 · end of year $7,889,654

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,091,172 · end of year $1,149,176

  • 23 · Secured mortgages and notes payable

    beginning of year $21,371,873 · end of year $22,317,056

  • 25 · Other liabilities

    beginning of year $1,232,634 · end of year $1,591,653

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $12,955,637 · end of year $13,824,880

Mission and programs · 2022

Mission

BON HOMME YANKTON ELECTRIC ASSOCIATION, INC. IS DEDICATED TO PROVIDING HIGH QUALITY, RELIABLE AND COMPETITIVELY PRICED ELECTRIC ENERGY AND OTHER PRODUCTS TO OUR MEMBER CONSUMERS.

Activities or mission (Part I)

TO PROVIDE ELECTRICITY TO RURAL COMMUNITIES.

  • PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 3,206 UNIQUE MEMBERS, ADDED 30.805 MILES OF LINE AND REMOVED 29.107 MILES OF LINE.

As filed on the 2022 return.

Listed in Part VII

  • Robert Ruppelt

    TREASURER

    Total calculated
    $6,275
    From this org
    $6,275
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.8

  • Dean Sternhagen

    DIRECTOR

    Total calculated
    $7,125
    From this org
    $7,125
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.7

  • John Lillevold

    DIRECTOR

    Total calculated
    $7,575
    From this org
    $7,575
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.5

  • David Sykora

    VICE PRESIDENT

    Total calculated
    $5,375
    From this org
    $5,375
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.3

  • Paul Voigt

    PRESIDENT

    Total calculated
    $5,325
    From this org
    $5,325
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.4

  • David Sternhagen

    SECRETARY

    Total calculated
    $6,275
    From this org
    $6,275
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.6

  • Rick Cheloha

    DIRECTOR

    Total calculated
    $6,275
    From this org
    $6,275
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.1

  • Stephanie Horst

    GENERAL MANAGER/CEO

    Total calculated
    $190,698
    From this org
    $140,639
    From related orgs
    $0
    Other
    $50,059
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,543
    Bonus
    $0
    Other
    $1,096
    Deferred
    $23,949
    Nontaxable benefits
    $27,937
    Filer's total
    $192,525

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

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
2022
Filed
23 June 2023
IRS schema version
2022v5.0
Source object
202341819349300434

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.