Overview
What is Douglas Electric Cooperative Inc?
Douglas Electric Cooperative Inc, situated in Armour, South Dakota, is a nonprofit organization that specializes in supplying electricity to rural areas. With 825 rural electric services, they cater to the needs of 612 members in Douglas County. Committed to delivering safe, affordable, and reliable electricity, Douglas Electric Cooperative Inc prioritizes the well-being of its community members. Their operations are based on a dedication to ensuring a consistent energy supply, contributing positively to the lives of their member base in South Dakota. The organization is operated by a team of seven dedicated individuals.
Is Douglas Electric Cooperative Inc legitimate?
Douglas Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Douglas 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: $178,615
Professional Fundraising Fees: $0
Other Salaries and Wages: $468,060
For more financial information, click here
What is the mission statement of Douglas Electric Cooperative Inc?
Douglas Electric Cooperative Inc is committed to providing its members with safe, affordable, and reliable electricity. This mission is carried out by supplying electricity to various rural electric services in Douglas County, South Dakota, catering to a total of 612 cooperative members. The cooperative's dedication to its members ensures that they receive consistent energy services, contributing to their daily lives and various activities.
Who is the CEO of Douglas Electric Cooperative Inc?
Wayne Lefers is the President of Douglas Electric Cooperative Inc.
What is the revenue of Douglas Electric Cooperative Inc?
Douglas Electric Cooperative Inc's revenue in 2022 was $3,345,818.
Who are the executives of Douglas Electric Cooperative Inc and what are their salaries?
The average compensation at Douglas Electric Cooperative Inc during 2022 was $92,382. There are 7 employees at Douglas Electric Cooperative Inc.
Here are 7 key members and their salaries:
- Compensation: $96,072
- Related: $0
- Other: $51,618
- Compensation: $7,875
- Related: $0
- Other: $0
- Compensation: $7,475
- Related: $0
- Other: $0
- Compensation: $6,200
- Related: $0
- Other: $0
- Compensation: $4,275
- Related: $0
- Other: $0
- Compensation: $3,850
- Related: $0
- Other: $0
- Compensation: $1,250
- Related: $0
- Other: $0
Where can I find the form 990 for Douglas Electric Cooperative Inc?
Douglas Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Douglas Electric Cooperative Inc
Douglas Electric Cooperative Inc, a dedicated organization, is committed to providing its members with safe, affordable, and reliable electricity. Their mission is centered around ensuring that every member in Douglas County, South Dakota, has access to these essential electrical services. The cooperative has a long-standing history of purchasing and delivering electricity to various rural electric services, serving over 600 members. This mission reflects their dedication to meeting the energy needs of their community, offering a reliable source of power that is both cost-effective and safe.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Douglas Electric Cooperative Inc significantly impacts the community by providing safe, low-cost, and reliable electricity to its members in Douglas County, South Dakota. By purchasing and delivering electricity to 825 rural electric services, the cooperative plays a crucial role in ensuring that 612 rural households and businesses have access to essential electrical services. This commitment fosters economic stability and enhances the quality of life for residents in the area, making it a vital resource for the community. The cooperative's efforts are instrumental in promoting public benefit, supporting local development, and ensuring energy access for all members.
This information is meant to be a general summary of Douglas 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: $7,668
- Program Service Revenue: $3,338,150
- Gross Receipts: $3,345,818
Assets and Liabilities:
- Total Assets: $9,362,059
- Total Liabilities: $5,860,763
- Net Assets: $3,501,296
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Electricity sales
Revenue
$3,100,534
Electric material & service sales
Revenue
$11,857
G & T Allocations
Revenue
$225,759
Organization Details
Founding Year
1946
Phone
(605) 724-2323Principal Officer
Wayne Lefers
Main Address
27913 US HIGHWAY 281, Armour, SD, 57313
NTEE Category
Code: W80 - Public benefit
If you are a representative of Douglas Electric Cooperative Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.