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Nonprofiteer
← EAST RIVER ELECTRIC POWER COOPERATIVE INC

Form 990 for tax year 2022

Filed by EAST RIVER ELECTRIC POWER COOPERATIVE INC.

Totals

Total revenue
$335,441,988
Total expenses
$335,441,988
Contributions and grants received
$0
Grants paid
$68,294
Program service revenue
$334,729,150
Investment income
$563,795
Other revenue
$149,043
Total assets, end of year
$837,365,298
Total liabilities, end of year
$571,593,806
Net assets or fund balances, end of year
$265,771,492
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Listed in Part VII

  • JAMES RYKEN

    PRESIDENT

    Total calculated
    $25,376
    From this org
    $19,054
    From related orgs
    $0
    Other
    $6,322
    Hours/week
    5

  • ALAN VEDVEI

    VICE PRESIDENT

    Total calculated
    $19,768
    From this org
    $19,768
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • ERVIN FINK

    SECRETARY (END 08/2022)

    Total calculated
    $17,277
    From this org
    $17,277
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • DUANE WOLBRINK

    DIRECTOR/SECRETARY (BEG 08/2022)

    Total calculated
    $16,353
    From this org
    $16,353
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • BERT ROGNESS

    TREASURER

    Total calculated
    $20,778
    From this org
    $20,778
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • DAVID ALLEN

    DIRECTOR (END 06/2022)

    Total calculated
    $4,715
    From this org
    $4,715
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • GARY BACHMAN

    DIRECTOR

    Total calculated
    $20,127
    From this org
    $20,127
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • RODNEY DEMENT

    DIRECTOR

    Total calculated
    $17,615
    From this org
    $14,015
    From related orgs
    $0
    Other
    $3,600
    Hours/week
    4

  • DOUG DIEKMANN

    DIRECTOR

    Total calculated
    $18,510
    From this org
    $18,510
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • GALEN GRANT

    DIRECTOR

    Total calculated
    $15,665
    From this org
    $15,665
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • ALAN HINDERMAN

    DIRECTOR

    Total calculated
    $20,896
    From this org
    $20,896
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • JEFF HUFFORD

    DIRECTOR

    Total calculated
    $15,718
    From this org
    $15,718
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • TREVOR JOB

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID NEUGEBAUER

    DIRECTOR (BEG 09/2022)

    Total calculated
    $5,571
    From this org
    $5,571
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • RYAN NOYES

    DIRECTOR

    Total calculated
    $16,027
    From this org
    $16,027
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • JOHN OSTRAAT

    DIRECTOR

    Total calculated
    $12,859
    From this org
    $12,859
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • KERMIT PEARSON

    DIRECTOR

    Total calculated
    $13,361
    From this org
    $13,361
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • DARREL RASCHKE

    DIRECTOR (BEG 07/2022)

    Total calculated
    $12,785
    From this org
    $12,785
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • RON SAMUELSON

    DIRECTOR

    Total calculated
    $17,470
    From this org
    $17,470
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • KIRK SCHAUNAMAN

    DIRECTOR

    Total calculated
    $15,124
    From this org
    $88
    From related orgs
    $0
    Other
    $15,036
    Hours/week
    3

  • DON SCHURDEVIN

    DIRECTOR

    Total calculated
    $17,326
    From this org
    $17,326
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • DARREN STRASSER

    DIRECTOR

    Total calculated
    $16,537
    From this org
    $16,537
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • PAUL VOIGT

    DIRECTOR

    Total calculated
    $15,067
    From this org
    $15,067
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • DAVE WARKENTHIEN

    DIRECTOR

    Total calculated
    $16,150
    From this org
    $4
    From related orgs
    $0
    Other
    $16,146
    Hours/week
    3

  • THOMAS BOYKO

    CEO/GENERAL MANAGER (END 07/2022)

    Total calculated
    $816,453
    From this org
    $787,606
    From related orgs
    $0
    Other
    $28,847
    Hours/week
    54

    Schedule J breakdown matched by us

    Base
    $410,867
    Bonus
    $0
    Other
    $376,739
    Deferred
    $7,625
    Nontaxable benefits
    $23,739
    Filer's total
    $818,970

  • SCOTT SHEWEY

    CHIEF FINANCIAL OFFICER

    Total calculated
    $420,882
    From this org
    $319,123
    From related orgs
    $0
    Other
    $101,759
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $316,172
    Bonus
    $0
    Other
    $2,951
    Deferred
    $71,615
    Nontaxable benefits
    $32,959
    Filer's total
    $423,697

  • ROBERT SAHR

    CEO/GM (BEG 08/2022)

    Total calculated
    $473,576
    From this org
    $343,103
    From related orgs
    $0
    Other
    $130,473
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $339,753
    Bonus
    $0
    Other
    $3,350
    Deferred
    $99,954
    Nontaxable benefits
    $32,847
    Filer's total
    $475,904

  • MARK HOFFMAN

    CHIEF OPERATIONS OFFICER

    Total calculated
    $349,084
    From this org
    $239,921
    From related orgs
    $0
    Other
    $109,163
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $239,384
    Bonus
    $0
    Other
    $537
    Deferred
    $79,115
    Nontaxable benefits
    $32,423
    Filer's total
    $351,459

  • CHRIS STUDER CHIEF

    MEMBER & PUBLIC RELATIONS OFFICER

    Total calculated
    $313,069
    From this org
    $226,753
    From related orgs
    $0
    Other
    $86,316
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $226,250
    Bonus
    $0
    Other
    $503
    Deferred
    $56,795
    Nontaxable benefits
    $31,732
    Filer's total
    $315,280

  • MICHAEL JASPERS

    BUSINESS DEVELOPMENT DIRECTOR

    Total calculated
    $286,194
    From this org
    $218,522
    From related orgs
    $0
    Other
    $67,672
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $217,443
    Bonus
    $0
    Other
    $1,079
    Deferred
    $52,740
    Nontaxable benefits
    $17,056
    Filer's total
    $288,318

  • JEFFREY MAY

    CHIEF INFORMATION OFFICER

    Total calculated
    $381,993
    From this org
    $213,321
    From related orgs
    $0
    Other
    $168,672
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $212,274
    Bonus
    $0
    Other
    $1,047
    Deferred
    $154,687
    Nontaxable benefits
    $16,009
    Filer's total
    $384,017

  • DOUG ENGBRECHT

    SUBSTATION & CONTROL MANAGER

    Total calculated
    $210,541
    From this org
    $191,594
    From related orgs
    $0
    Other
    $18,947
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $161,318
    Bonus
    $0
    Other
    $30,276
    Deferred
    $4,093
    Nontaxable benefits
    $16,435
    Filer's total
    $212,122

  • ELIZABETH AVERY

    CHIEF HUMAN RESOURCES OFFICER

    Total calculated
    $382,630
    From this org
    $186,703
    From related orgs
    $0
    Other
    $195,927
    Hours/week
    41

    Schedule J breakdown matched by us

    Base
    $184,968
    Bonus
    $0
    Other
    $1,735
    Deferred
    $175,932
    Nontaxable benefits
    $21,855
    Filer's total
    $384,490

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

  • 1a · First-class or charter travel
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
USE OF CHARTER AIR IS ALLOWED ONLY WHEN COMMERCIAL AIRLINE SERVICE IS NOT AVAILABLE OR PRACTICAL.
PART I, LINE 4B
THOMAS BOYKO RECEIVED A PAYMENT OF $350,000 TO SUPPLEMENT HIS RETIREMENT BENEFIT DUE TO RESTRICTIONS ON HIS QUALIFIED RETIREMENT BENEFIT. ROBERT SAHR RECEIVED A PAYMENT OF $7,405 AS A PERFORMANCE INCENTIVE 457(F) TO SUPPLEMENT HIS COMPENSATION FOR A SPECIFIC TIME FRAME.
SCHEDULE J, PART II, COLUMN C
SCHEDULE J, PART II, COLUMN C INCLUDES THE CHANGE IN ACTUARIAL VALUE IN THE DEFINED BENEFIT PLAN PER THE 990 INSTRUCTIONS. THIS AMOUNT DOES NOT REPRESENT THE ACTUAL CONTRIBUTIONS MADE TO THE PLAN BY THE COOPERATIVE.

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

Provenance

Return type
form_990
Tax year
2022
Filed
3 November 2023
IRS schema version
2022v5.0
Source object
202333109349300528

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