Overview
What is Kingsbury Electric Cooperative Inc?
Kingsbury Electric Cooperative Inc, situated in De Smet, South Dakota, is a nonprofit organization dedicated to serving its 863 members by providing them with reliable electric service. With a strong infrastructure, the cooperative boasts 257.99 miles of underground lines and 414.24 miles of overhead lines, ensuring a consistent power supply. Their primary mission is to offer the best possible electric service to all who seek it within their service area, at affordable prices while maintaining the highest standards of service. The cooperative also prioritizes financial stability, securing adequate funding for future obligations and developments. By fostering communication with members and employees, Kingsbury Electric Cooperative Inc keeps its community informed about its operations and developments.
Official website here: www.kec-sd.coop
Is Kingsbury Electric Cooperative Inc legitimate?
Kingsbury Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Kingsbury Electric Cooperative Inc 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: $288,747
Professional Fundraising Fees: $0
Other Salaries and Wages: $462,037
For more financial information, click here
Official website here: www.kec-sd.coop
What is the mission statement of Kingsbury Electric Cooperative Inc?
Kingsbury Electric Cooperative Inc's mission is centered around providing the best possible electric service to its members within its service area, ensuring this is done at a reasonable cost. The cooperative strives to maintain a strong financial structure, securing adequate funding for its obligations and future developments. It also prioritizes keeping members and employees informed about the cooperative's operations and developments. Furthermore, Kingsbury Electric Cooperative Inc emphasizes safe and efficient operations to ensure reliable service.
Official website here: www.kec-sd.coop
Who is the CEO of Kingsbury Electric Cooperative Inc?
Dean Bjorklund is the President of Kingsbury Electric Cooperative Inc.
Official website here: www.kec-sd.coop
What is the revenue of Kingsbury Electric Cooperative Inc?
Kingsbury Electric Cooperative Inc's revenue in 2022 was $3,667,931.
Official website here: www.kec-sd.coop
Who are the executives of Kingsbury Electric Cooperative Inc and what are their salaries?
The average compensation at Kingsbury Electric Cooperative Inc during 2022 was $68,253. There are 11 employees at Kingsbury Electric Cooperative Inc.
Here are 9 key members and their salaries:
- Compensation: $7,500
- Related: $0
- Other: $0
- Compensation: $4,750
- Related: $0
- Other: $0
- Compensation: $4,500
- Related: $0
- Other: $0
- Compensation: $10,000
- Related: $0
- Other: $0
- Compensation: $5,500
- Related: $0
- Other: $0
- Compensation: $1,500
- Related: $0
- Other: $0
- Compensation: $2,750
- Related: $0
- Other: $0
- Compensation: $124,761
- Related: $0
- Other: $49,208
- Compensation: $57,602
- Related: $0
- Other: $26,679
Official website here: www.kec-sd.coop
Where can I find the form 990 for Kingsbury Electric Cooperative Inc?
Kingsbury Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kec-sd.coop
Learn more at the official website: www.kec-sd.coop
Mission Statement of Kingsbury Electric Cooperative Inc
Kingsbury Electric Cooperative Inc, with a mission-driven approach, strives to deliver top-notch electrical services to all its members within its service area. The organization's primary objective is to provide these services at the most reasonable prices while adhering to the highest standards of service quality. Moreover, Kingsbury Electric Cooperative Inc is committed to maintaining a robust financial structure. This financial strength ensures that the cooperative can meet its obligations and invest in future advancements.
In addition to delivering electrical services, Kingsbury Electric Cooperative Inc also prioritizes communication with its members and employees. It keeps them informed about the cooperative's operations and developments. Lastly, the organization emphasizes the importance of safe and efficient operations, ensuring that its electrical systems run smoothly and reliably for its members.
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Impact
October, 2024
Kingsbury Electric Cooperative Inc plays a vital role in the community by delivering essential electric services to its members in De Smet, South Dakota. With a focus on providing reliable electricity, the cooperative serves 863 members, ensuring that households and businesses have the power they need to operate effectively.
The cooperative has invested in infrastructure, maintaining 257.99 miles of underground lines and 414.24 miles of overhead lines, which enhances service reliability and safety. By prioritizing quality service at competitive prices, Kingsbury Electric Cooperative works to meet the needs of its members while also fostering a strong financial foundation for future growth and sustainability.
Furthermore, the cooperative emphasizes communication and transparency, keeping its members informed about developments and operations. This commitment to safe and efficient service not only benefits individual members but also contributes to the overall well-being and development of the community it serves.
This information is meant to be a general summary of Kingsbury Electric Cooperative Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$5,695
- Program Service Revenue: $3,720,844
- Gross Receipts: $4,005,770
Assets and Liabilities:
- Total Assets: $10,786,257
- Total Liabilities: $7,305,535
- Net Assets: $3,480,722
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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
$3,481,041
CAPITAL CREDITS
Revenue
$239,803
Organization Details
Founding Year
1945
Phone
(605) 854-3522Principal Officer
Dean Bjorklund
Main Address
511 HWY 14 W PO BOX 126, DE SMET, SD, 57231
Website
www.kec-sd.coopNTEE Category
Code: W80 - Public benefit
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