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Nonprofiteer
← BLACK HILLS ELECTRIC COOPERATIVE INC

Form 990 for tax year 2025

Filed by BLACK HILLS ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$26,713,860
Total expenses
$24,676,569
Contributions and grants received
$0
Grants paid
$17,752
Program service revenue
$26,373,138
Investment income
$331,206
Other revenue
$9,516
Total assets, end of year
$83,436,674
Total liabilities, end of year
$45,562,247
Net assets or fund balances, end of year
$37,874,427
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$0

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Sale of Electricity

    total $24,536,523 · related or exempt $24,536,523 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: G&T Capital Credits

    total $620,203 · related or exempt $620,203 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Other Capital Credits

    total $138,537 · related or exempt $138,537 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: Pole Attachment Rent

    total $86,120 · related or exempt $86,120 · unrelated business $0 · excluded $0

  • 2e · Program service revenue: Transmission Credit

    total $936,352 · related or exempt $936,352 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $55,403 · related or exempt $55,403 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $331,206 · related or exempt $0 · unrelated business $331,206 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $3,564 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $3,564 · personal property $0

  • 6d · Net rental income or loss

    total $3,564 · related or exempt $0 · unrelated business $3,564 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $0

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

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 7d · Net gain or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $62,623

  • 10b · Cost of goods sold

    $56,671

  • 10c · Net income from sales of inventory

    total $5,952 · related or exempt $5,952 · unrelated business $0 · excluded $0

  • 11a · Other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11b · Other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11c · Other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $17,752 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $2,288,203 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $576,702 · program services $0 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $2,109,880 · program services $0 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $805,242 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $665,827 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $213,009 · program services $0 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $19,698 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $26,923 · program services $0 · management and general $0 · fundraising $0

  • 11d · Fees: lobbying

    total $1,660 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $279,032 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $107,145 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $165,440 · program services $0 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $193,602 · program services $0 · management and general $0 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $348,080 · program services $0 · management and general $0 · fundraising $0

  • 17 · Travel

    total $408,674 · program services $0 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $78,272 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $1,140,818 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $116,842 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $3,223,289 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $133,242 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: Power and Transmission

    total $12,770,956 · program services $0 · management and general $0 · fundraising $0

  • 24b · Other expenses: Operations/Maintenance of Distribution System

    total $1,014,166 · program services $0 · management and general $0 · fundraising $0

  • 24c · Other expenses: Gross Rec Tax

    total $240,961 · program services $0 · management and general $0 · fundraising $0

  • 24d · Other expenses: Capital Credit Retirement

    total -$2,288,203 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $19,357 · program services $0 · management and general $0 · fundraising $0

  • 26 · Joint costs (an allocation of the lines above)

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $450 · end of year $450

  • 2 · Savings and temporary cash investments

    beginning of year $4,859,443 · end of year $4,987,107

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $3,147,541 · end of year $2,937,215

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $4,947,080 · end of year $5,337,662

  • 9 · Prepaid expenses and deferred charges

    beginning of year $210,463 · end of year $230,507

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

    $99,131,637

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

    $43,247,406

  • 10c · Land, buildings and equipment, net

    beginning of year $55,405,226 · end of year $55,884,231

  • 11 · Investments: publicly traded securities

    beginning of year $8,462 · end of year $8,972

  • 12 · Investments: other securities

    beginning of year $500 · end of year $500

  • 13 · Investments: program-related

    beginning of year $13,782,122 · end of year $13,987,875

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $35,001 · end of year $62,155

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,843,837 · end of year $4,236,621

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $2,700,000 · end of year $2,700,000

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $34,993,671 · end of year $34,852,673

  • 24 · Unsecured notes and loans payable

    beginning of year $167,000 · end of year $167,000

  • 25 · Other liabilities

    beginning of year $3,611,117 · end of year $3,605,953

  • 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 $6,567,197 · end of year $7,036,675

  • 31 · Retained earnings, endowment or other funds

    beginning of year $31,513,466 · end of year $30,837,752

Mission and programs · 2025

Mission

Black Hills Electric Cooperative is a non-profit member owned organization whose mission is to provide great electric distribution service at the lowest cost consistent with sound business practices.

  • Provide electric service to 11,481 service locations in the rural area of the Black Hills and southwest Soth Dakota 24 hours each day of the year.

As filed on the 2025 return.

Listed in Part VII

  • Walker Witt

    CEO

    Total calculated
    $462,090
    From this org
    $338,046
    From related orgs
    $0
    Other
    $124,044
    Hours/week
    55.1

    Schedule J breakdown matched by us

    Base
    $314,612
    Bonus
    $200
    Other
    $23,234
    Deferred
    $105,903
    Nontaxable benefits
    $18,141
    Filer's total
    $462,090

  • Sammi Langendorf

    CFO

    Total calculated
    $270,767
    From this org
    $179,189
    From related orgs
    $0
    Other
    $91,578
    Hours/week
    50.8

    Schedule J breakdown matched by us

    Base
    $166,820
    Bonus
    $200
    Other
    $12,169
    Deferred
    $58,295
    Nontaxable benefits
    $33,283
    Filer's total
    $270,767

  • Bill Brisk

    Manger of Operations

    Total calculated
    $248,317
    From this org
    $177,136
    From related orgs
    $0
    Other
    $71,181
    Hours/week
    47.8

    Schedule J breakdown matched by us

    Base
    $173,297
    Bonus
    $200
    Other
    $3,639
    Deferred
    $38,786
    Nontaxable benefits
    $32,396
    Filer's total
    $248,318

  • Jesse Sorenson

    System Coordinator

    Total calculated
    $244,901
    From this org
    $159,205
    From related orgs
    $0
    Other
    $85,696
    Hours/week
    44.5

    Schedule J breakdown matched by us

    Base
    $150,905
    Bonus
    $200
    Other
    $8,100
    Deferred
    $52,668
    Nontaxable benefits
    $33,028
    Filer's total
    $244,901

  • Michelle Fisher

    Dir of Communications-Member Service

    Total calculated
    $217,544
    From this org
    $137,941
    From related orgs
    $0
    Other
    $79,603
    Hours/week
    43.8

    Schedule J breakdown matched by us

    Base
    $129,326
    Bonus
    $2,700
    Other
    $5,914
    Deferred
    $46,846
    Nontaxable benefits
    $32,758
    Filer's total
    $217,544

  • Jeff Barnes

    IT Specialist

    Total calculated
    $205,907
    From this org
    $129,378
    From related orgs
    $0
    Other
    $76,529
    Hours/week
    43.5

    Schedule J breakdown matched by us

    Base
    $123,191
    Bonus
    $2,700
    Other
    $3,426
    Deferred
    $43,901
    Nontaxable benefits
    $32,628
    Filer's total
    $205,846

  • Beau Bradeen

    Crew Foreman

    Total calculated
    $197,104
    From this org
    $125,923
    From related orgs
    $0
    Other
    $71,181
    Hours/week
    45.4

    Schedule J breakdown matched by us

    Base
    $122,084
    Bonus
    $200
    Other
    $3,639
    Deferred
    $38,786
    Nontaxable benefits
    $32,396
    Filer's total
    $197,105

  • Dean Whitney

    Crew Foreman

    Total calculated
    $196,124
    From this org
    $124,943
    From related orgs
    $0
    Other
    $71,181
    Hours/week
    44.4

    Schedule J breakdown matched by us

    Base
    $124,743
    Bonus
    $200
    Other
    $0
    Deferred
    $38,786
    Nontaxable benefits
    $32,396
    Filer's total
    $196,125

  • Rory Halverson

    Staking Tech

    Total calculated
    $186,749
    From this org
    $115,568
    From related orgs
    $0
    Other
    $71,181
    Hours/week
    43

    Schedule J breakdown matched by us

    Base
    $114,542
    Bonus
    $200
    Other
    $826
    Deferred
    $38,786
    Nontaxable benefits
    $32,396
    Filer's total
    $186,750

  • Lonnie Schryvers

    Staking Tech

    Total calculated
    $187,144
    From this org
    $115,963
    From related orgs
    $0
    Other
    $71,181
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $115,149
    Bonus
    $200
    Other
    $615
    Deferred
    $38,786
    Nontaxable benefits
    $32,396
    Filer's total
    $187,146

  • Don Anderson

    Board Treasurer

    Total calculated
    $10,689
    From this org
    $10,689
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.23

  • Alan Bishop

    Board Assistant Secretary

    Total calculated
    $9,450
    From this org
    $9,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.69

  • Gary Kluthe

    Director

    Total calculated
    $18,985
    From this org
    $8,985
    From related orgs
    $0
    Other
    $10,000
    Hours/week
    2.92

  • David Lindblom

    Board President

    Total calculated
    $5,499
    From this org
    $5,499
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.15

  • Jim Preston

    Director

    Total calculated
    $3,118
    From this org
    $3,118
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.23

  • Dennis Quivey

    Board Vice President

    Total calculated
    $7,024
    From this org
    $7,024
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.77

  • Thad Wasson

    Board Secretary

    Total calculated
    $9,444
    From this org
    $9,444
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.69

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

None.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • Black Hills Engineering & Development

    501(C)(1) · INACTIVE · SD

Provenance

Return type
form_990
Tax year
2025
Filed
24 April 2026
IRS schema version
2025v4.0
Source object
202601149349300205

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