Skip to content
Nonprofiteer
← BLACK HILLS ELECTRIC COOPERATIVE INC

Form 990 for tax year 2024

Filed by BLACK HILLS ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$25,781,472
Total expenses
$21,574,581
Contributions and grants received
$0
Grants paid
$16,766
Program service revenue
$25,356,669
Investment income
$421,300
Other revenue
$3,503
Total assets, end of year
$82,396,288
Total liabilities, end of year
$44,315,625
Net assets or fund balances, end of year
$38,080,663
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$21,574,581

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 Electricty

    total $23,708,633 · related or exempt $23,708,633 · unrelated business $0 · excluded $0

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

    total $658,483 · related or exempt $658,483 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Other Coop Capital Credits

    total $222,562 · related or exempt $222,562 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: Pole Attachment Rents

    total $86,795 · related or exempt $86,795 · unrelated business $0 · excluded $0

  • 2e · Program service revenue: Transmission Credit

    total $632,661 · related or exempt $632,661 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $47,535 · related or exempt $47,535 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $421,300 · related or exempt $0 · unrelated business $421,300 · 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 $2,064 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $2,064 · personal property $0

  • 6d · Net rental income or loss

    total $2,064 · related or exempt $0 · unrelated business $0 · 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

    $86,240

  • 10b · Cost of goods sold

    $84,801

  • 10c · Net income from sales of inventory

    total $1,439 · related or exempt $0 · 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 $16,766 · 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 $2,399,595 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $494,522 · program services $0 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $66,300 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $1,934,309 · program services $0 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $722,011 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $580,704 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $196,932 · 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 $8,951 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $25,156 · program services $0 · management and general $0 · fundraising $0

  • 11d · Fees: lobbying

    total $427 · 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 $243,975 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $110,921 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $141,729 · program services $0 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $151,166 · 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 $81,971 · program services $0 · management and general $0 · fundraising $0

  • 17 · Travel

    total $402,036 · 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 $88,715 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $1,153,758 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $113,673 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $3,092,037 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $100,524 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: Power & Transmission

    total $11,309,678 · program services $0 · management and general $0 · fundraising $0

  • 24b · Other expenses: Operations & Maintenance of Line

    total $273,116 · program services $0 · management and general $0 · fundraising $0

  • 24c · Other expenses: Gross Rec/Kwh Tax

    total $263,507 · program services $0 · management and general $0 · fundraising $0

  • 24d · Other expenses: Capital Credit Retirement

    total -$2,399,595 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $1,697 · 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 $6,691,513 · end of year $4,859,443

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $2,871,187 · end of year $3,147,541

  • 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 $3,320,814 · end of year $4,947,080

  • 9 · Prepaid expenses and deferred charges

    beginning of year $133,691 · end of year $210,463

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

    $95,296,774

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

    $39,891,548

  • 10c · Land, buildings and equipment, net

    beginning of year $55,625,531 · end of year $55,405,226

  • 11 · Investments: publicly traded securities

    beginning of year $7,997 · end of year $8,462

  • 12 · Investments: other securities

    beginning of year $500 · end of year $500

  • 13 · Investments: program-related

    beginning of year $13,430,246 · end of year $13,782,122

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $72,457 · end of year $35,001

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,622,691 · end of year $2,843,837

  • 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 $37,151,392 · end of year $34,993,671

  • 24 · Unsecured notes and loans payable

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

  • 25 · Other liabilities

    beginning of year $3,288,920 · end of year $3,611,117

  • 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 $6,215,348 · end of year $6,567,197

  • 31 · Retained earnings, endowment or other funds

    beginning of year $30,009,035 · end of year $31,513,466

Mission and programs · 2024

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 11,373 service locations in the rural area of the Black Hills and southwest Soth Dakota 24 hours each day of the year.

    Expenses $21,574,581 · Grants $16,766 · Revenue $24,475,624

As filed on the 2024 return.

Listed in Part VII

  • Walker Witt

    CEO

    Total calculated
    $439,903
    From this org
    $320,719
    From related orgs
    $0
    Other
    $119,184
    Hours/week
    54.7

    Schedule J breakdown matched by us

    Base
    $298,847
    Bonus
    $200
    Other
    $21,672
    Deferred
    $99,314
    Nontaxable benefits
    $19,870
    Filer's total
    $439,903

  • Sammi Langendorf

    CFO

    Total calculated
    $259,701
    From this org
    $173,803
    From related orgs
    $0
    Other
    $85,898
    Hours/week
    49.5

    Schedule J breakdown matched by us

    Base
    $161,472
    Bonus
    $200
    Other
    $12,131
    Deferred
    $55,106
    Nontaxable benefits
    $30,792
    Filer's total
    $259,701

  • Bill Brisk

    Manger of Operations

    Total calculated
    $230,635
    From this org
    $172,527
    From related orgs
    $0
    Other
    $58,108
    Hours/week
    47.6

    Schedule J breakdown matched by us

    Base
    $167,491
    Bonus
    $200
    Other
    $4,836
    Deferred
    $36,074
    Nontaxable benefits
    $22,034
    Filer's total
    $230,635

  • Jesse Sorenson

    System Coordinator

    Total calculated
    $8,184,293
    From this org
    $150,631
    From related orgs
    $0
    Other
    $8,033,662
    Hours/week
    42.6

    Schedule J breakdown matched by us

    Base
    $143,600
    Bonus
    $200
    Other
    $6,830
    Deferred
    $49,787
    Nontaxable benefits
    $30,550
    Filer's total
    $230,967

  • Michelle Fischer

    Dir of Communications-Member Service

    Total calculated
    $195,929
    From this org
    $124,230
    From related orgs
    $0
    Other
    $71,699
    Hours/week
    42.6

    Schedule J breakdown matched by us

    Base
    $121,169
    Bonus
    $200
    Other
    $2,861
    Deferred
    $41,534
    Nontaxable benefits
    $30,165
    Filer's total
    $195,929

  • Jeff Barnes

    IT Specialist

    Total calculated
    $7,278,268
    From this org
    $123,288
    From related orgs
    $0
    Other
    $7,154,980
    Hours/week
    41.6

    Schedule J breakdown matched by us

    Base
    $119,276
    Bonus
    $200
    Other
    $3,812
    Deferred
    $41,385
    Nontaxable benefits
    $30,165
    Filer's total
    $194,838

  • Beau Bradeen

    Crew Foreman

    Total calculated
    $179,485
    From this org
    $121,377
    From related orgs
    $0
    Other
    $58,108
    Hours/week
    43.9

    Schedule J breakdown matched by us

    Base
    $116,341
    Bonus
    $200
    Other
    $4,836
    Deferred
    $36,074
    Nontaxable benefits
    $22,034
    Filer's total
    $179,485

  • Dean Whitney

    Crew Foreman

    Total calculated
    $185,849
    From this org
    $119,243
    From related orgs
    $0
    Other
    $66,606
    Hours/week
    43.6

    Schedule J breakdown matched by us

    Base
    $118,155
    Bonus
    $200
    Other
    $4,836
    Deferred
    $36,074
    Nontaxable benefits
    $22,034
    Filer's total
    $181,299

  • Rory Halverson

    Staking Tech

    Total calculated
    $174,949
    From this org
    $108,343
    From related orgs
    $0
    Other
    $66,606
    Hours/week
    41.9

    Schedule J breakdown matched by us

    Base
    $107,521
    Bonus
    $200
    Other
    $621
    Deferred
    $36,661
    Nontaxable benefits
    $29,945
    Filer's total
    $174,948

  • Don Anderson

    Board Treasurer

    Total calculated
    $6,675
    From this org
    $6,675
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.04

  • Alan Bishop

    Board Assistant Secretary

    Total calculated
    $8,556
    From this org
    $8,556
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.62

  • Gary Kluthe

    Director

    Total calculated
    $27,763
    From this org
    $7,763
    From related orgs
    $0
    Other
    $20,000
    Hours/week
    3.5

  • David Lindblom

    Board Vice President

    Total calculated
    $7,081
    From this org
    $7,081
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.92

  • Jim Preston

    Board President

    Total calculated
    $9,515
    From this org
    $9,515
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Dennis Quivey

    Director

    Total calculated
    $6,860
    From this org
    $6,860
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.04

  • Thad Wasson

    Board Secretary

    Total calculated
    $8,630
    From this org
    $8,630
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.85

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

    N/A · Inactive · SD

Provenance

Return type
form_990
Tax year
2024
Filed
23 April 2025
IRS schema version
2024v5.1
Source object
202511139349300206

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.