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Nonprofiteer
← DAKOTA ENERGY COOPERATIVE INC

Form 990 for tax year 2024

Filed by DAKOTA ENERGY COOPERATIVE INC.

Totals

Total revenue
$28,315,150
Total expenses
$26,587,804
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$28,128,806
Investment income
$13,299
Other revenue
$173,045
Total assets, end of year
$64,983,574
Total liabilities, end of year
$37,050,216
Net assets or fund balances, end of year
$27,933,358
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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.

  • 2a · Program service revenue: ELECTRIC SALES TO MEMBERS

    total $26,659,981 · related or exempt $26,659,981

  • 2b · Program service revenue: CAPITAL CREDITS

    total $1,340,097 · related or exempt $1,340,097

  • 2c · Program service revenue: OTHER OPERATING

    total $128,728 · related or exempt $128,728

  • 3 · Investment income

    total $13,299 · excluded $13,299

  • 10a · Gross sales of inventory

    $1,372,901

  • 10b · Cost of goods sold

    $1,199,856

  • 10c · Net income from sales of inventory

    total $173,045 · related or exempt $173,045

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $555,306

  • 5 · Compensation of officers, directors and key employees

    total $354,525

  • 7 · Other salaries and wages

    total $2,101,141

  • 8 · Pension plan contributions

    total $678,539

  • 9 · Other employee benefits

    total $565,911

  • 10 · Payroll taxes

    total $163,749

  • 20 · Interest

    total $1,319,590

  • 22 · Depreciation, depletion and amortization

    total $2,089,860

  • 24a · Other expenses: COGS

    total $18,571,551

  • 24b · Other expenses: SELLING, GENERAL, ADMIN

    total $2,667,323

  • 24c · Other expenses: DISTRIBUTIONS OPERATIONS

    total $693,573

  • 24d · Other expenses: DISTRIBUTIONS MAINTENANCE

    total $690,601

  • 24e · All other expenses

    total -$3,863,865

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,253,026 · end of year $930,504

  • 4 · Accounts receivable

    beginning of year $2,578,775 · end of year $2,658,232

  • 7 · Other notes and loans receivable

    beginning of year $549,964 · end of year $449,956

  • 8 · Inventories for sale or use

    beginning of year $1,310,995 · end of year $1,644,286

  • 9 · Prepaid expenses and deferred charges

    beginning of year $862,144 · end of year $615,179

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

    $60,031,015

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

    $19,229,378

  • 10c · Land, buildings and equipment, net

    beginning of year $39,325,525 · end of year $40,801,637

  • 13 · Investments: program-related

    beginning of year $16,989,951 · end of year $17,883,780

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,493,622 · end of year $2,552,767

  • 23 · Secured mortgages and notes payable

    beginning of year $31,194,142 · end of year $32,008,131

  • 25 · Other liabilities

    beginning of year $3,032,353 · end of year $2,489,318

  • 31 · Retained earnings, endowment or other funds

    beginning of year $26,150,263 · end of year $27,933,358

Mission and programs · 2024

Mission

SERVICE FOR YOUR WAY OF LIFE

  • PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 2264 MEMBERS. WE ADDED 5 MILES OF UNDERGROUND AND REMOVED 9 MILES OF OVERHEAD LINE AND BUILT 31 NEW SERVICES.

As filed on the 2024 return.

Listed in Part VII

  • Chad Felderman

    GENERAL MANA

    Total calculated
    $281,810
    From this org
    $164,778
    From related orgs
    $0
    Other
    $117,032
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,778
    Bonus
    not reported
    Other
    not reported
    Deferred
    $56,050
    Nontaxable benefits
    $60,982
    Filer's total
    $281,810

  • Matt Zomer

    MANAGER OF O

    Total calculated
    $254,363
    From this org
    $112,372
    From related orgs
    $0
    Other
    $141,991
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $112,372
    Bonus
    not reported
    Other
    not reported
    Deferred
    $39,960
    Nontaxable benefits
    $102,031
    Filer's total
    $254,363

  • Jodene Decker

    MANAGER OF H

    Total calculated
    $197,721
    From this org
    $107,639
    From related orgs
    $0
    Other
    $90,082
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $107,639
    Bonus
    not reported
    Other
    not reported
    Deferred
    $36,939
    Nontaxable benefits
    $53,143
    Filer's total
    $197,721

  • Brandon Moore

    JOURNEYMAN

    Total calculated
    $181,635
    From this org
    $102,371
    From related orgs
    $0
    Other
    $79,264
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $102,371
    Bonus
    not reported
    Other
    not reported
    Deferred
    $32,047
    Nontaxable benefits
    $47,217
    Filer's total
    $181,635

  • Darrell Rascke

    PRESIDENT

    Total calculated
    $14,507
    From this org
    $14,507
    From related orgs
    $0
    Other
    $0
    Hours/week
    9.9

  • Nick Nemec

    VICE PRESIDE

    Total calculated
    $13,707
    From this org
    $13,707
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.5

  • Brian Baum

    DIRECTOR

    Total calculated
    $10,907
    From this org
    $10,907
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.3

  • Doug Schaefers

    DIRECTOR

    Total calculated
    $10,307
    From this org
    $10,307
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.6

  • Brian Bonebright

    TREASURER

    Total calculated
    $9,507
    From this org
    $9,507
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.8

  • Tommy Baruth

    SECRETARY

    Total calculated
    $7,307
    From this org
    $7,307
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.9

  • Daniel Langbehn

    DIRECTOR

    Total calculated
    $7,011
    From this org
    $7,011
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.6

  • JD Wangsness

    DIRECTOR

    Total calculated
    $5,011
    From this org
    $5,011
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.6

  • Chad Dearborn

    DIRECTOR

    Total calculated
    $4,297
    From this org
    $4,297
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.2

  • Chase Binger

    DIRECTOR

    Total calculated
    $3,697
    From this org
    $3,697
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.3

  • Joann Morford

    DIRECTOR

    Total calculated
    $3,650
    From this org
    $3,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.3

  • Todd Bushong

    DIRECTOR

    Total calculated
    $3,622
    From this org
    $3,622
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.4

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 · Independent compensation consultant
  • 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
2024
Filed
16 July 2025
IRS schema version
2024v5.0
Source object
202541979349300444

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