Bon Homme-Yankton Electric Association

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 460211846 ✦ Tabor, SD ✦ Designated as a 501(c)(12)

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Overview

What is Bon Homme-Yankton Electric Association?

Bon Homme-Yankton Electric Association is a nonprofit organization based in Tabor, South Dakota. They serve approximately 3,206 unique members by providing electric energy and other related services to rural communities. The association has added 30.805 miles of new lines and removed 29.107 miles of old lines to ensure high-quality and reliable electricity supply. With a commitment to competitively priced energy, Bon Homme-Yankton Electric Association, Inc. aims to deliver superior electric services to its members. The team consists of 21 employees dedicated to maintaining and expanding the electric infrastructure.


Official website here: www.byelectric.com

Is Bon Homme-Yankton Electric Association legitimate?

Bon Homme-Yankton Electric Association is a legitimate nonprofit organization registered as a 501(c)(12) entity. Bon Homme-Yankton Electric Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $236,749
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,165,023

For more financial information, click here


Official website here: www.byelectric.com

What is the mission statement of Bon Homme-Yankton Electric Association?

The Bon Homme-Yankton Electric Association is committed to delivering high-quality, dependable, and competitively priced electric energy and related products to its member consumers. The organization's primary mission is to provide electricity to rural communities, ensuring their access to essential electric services. It has added approximately 30.805 miles of new lines and removed 29.107 miles of old lines to enhance its electric infrastructure and improve service delivery. The Association is dedicated to maintaining a reliable electric supply and ensuring that its members receive consistent and efficient electricity to support their daily lives.


Official website here: www.byelectric.com

Who is the CEO of Bon Homme-Yankton Electric Association?

Paul Voigt is the President of Bon Homme-Yankton Electric Association. The CEO's salary of Bon Homme-Yankton Electric Association is $140,639 and their total compensation is $190,698.


Official website here: www.byelectric.com

What is the revenue of Bon Homme-Yankton Electric Association?

Bon Homme-Yankton Electric Association's revenue in 2022 was $11,924,392.


Official website here: www.byelectric.com

Who are the executives of Bon Homme-Yankton Electric Association and what are their salaries?

The average compensation at Bon Homme-Yankton Electric Association during 2022 was $66,751. There are 21 employees at Bon Homme-Yankton Electric Association.


Here are 8 key members and their salaries (Bon Homme-Yankton Electric Association's CEO's salary is $140,639 and their total compensation is $190,698):


Robert Ruppelt (Treasurer)
  • Compensation: $6,275
  • Related: $0
  • Other: $0
Dean Sternhagen (Director)
  • Compensation: $7,125
  • Related: $0
  • Other: $0
John Lillevold (Director)
  • Compensation: $7,575
  • Related: $0
  • Other: $0
David Sykora (Vice President)
  • Compensation: $5,375
  • Related: $0
  • Other: $0
Paul Voigt (President)
  • Compensation: $5,325
  • Related: $0
  • Other: $0
David Sternhagen (Secretary)
  • Compensation: $6,275
  • Related: $0
  • Other: $0
Rick Cheloha (Director)
  • Compensation: $6,275
  • Related: $0
  • Other: $0
Stephanie Horst (General Manager/Ceo)
  • Compensation: $140,639
  • Related: $0
  • Other: $50,059


Official website here: www.byelectric.com

Where can I find the form 990 for Bon Homme-Yankton Electric Association?

Bon Homme-Yankton Electric Association's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.byelectric.com

Learn more at the official website: www.byelectric.com

Mission Statement of Bon Homme-Yankton Electric Association

Bon Homme-Yankton Electric Association, Inc. is committed to delivering top-quality, dependable, and competitively priced electric energy and related products to its consumer members. Established with a dedication to excellence, this organization goes above and beyond to ensure the rural communities it serves have consistent access to electricity.

In its pursuit of providing uninterrupted electric service, Bon Homme-Yankton Electric Association added 30.805 miles of new power lines and removed 29.107 miles of existing lines. These efforts have enabled the association to reach approximately 3,206 unique members, expanding its reach and strengthening the infrastructure that supports the vital necessities of these communities.

The Bon Homme-Yankton Electric Association team is passionate about delivering reliable electricity to its members, ensuring their daily lives run smoothly and efficiently. By focusing on high-quality power and competitive pricing, the organization fosters a strong sense of trust and satisfaction within its community.

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Impact




October, 2024

Bon Homme-Yankton Electric Association plays a crucial role in enhancing the quality of life for residents in rural communities by providing reliable and competitively priced electric energy. Serving approximately 3,206 unique members, the association has expanded its reach by adding 30.805 miles of electrical line, facilitating access to electricity for more households while also managing existing infrastructure by removing 29.107 miles of line. Based in Tabor, South Dakota, the association is committed to delivering high-quality electric services, ensuring that members enjoy a stable and efficient energy supply. This dedication to customer service and community benefit fosters economic growth and supports the overall well-being of the community it serves.




This information is meant to be a general summary of Bon Homme-Yankton Electric Association. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$11,924,392 (2022)
Expenses
$11,924,392 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$157,008
  • Program Service Revenue: $12,024,484
  • Gross Receipts: $12,476,179

Assets and Liabilities:

  • Total Assets: $38,882,765
  • Total Liabilities: $25,057,885
  • Net Assets: $13,824,880

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

SALE OF POWER

Revenue

$11,002,032

CAPITAL CREDITS

Revenue

$899,332

INTERNET SALES

Revenue

$28,494

Organization Details

Founding Year

1946

Principal Officer

Paul Voigt

Main Address

PO BOX 158, TABOR, SD, 570630158

NTEE Category

Code: W80 - Public benefit

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