East River Electric Power Cooperative Inc

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

EIN: 460225402 ✦ Madison, SD ✦ Designated as a 501(c)(12)

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Overview

What is East River Electric Power Cooperative Inc?

The East River Electric Power Cooperative Inc is a nonprofit cooperative based in Madison, South Dakota, with a workforce of 178 employees. Their primary mission is to acquire, transmit, and distribute electric power to 25 member systems, serving over 93,000 homes and businesses and approximately 250,000 consumers in eastern South Dakota and western Minnesota. The cooperative maintains an extensive network of 3,236 miles of high-voltage transmission lines, 261 substations, and related facilities to cover an area of 40,000 square miles. East River Electric Power Cooperative is also a transmission owner in the Southwest Power Pool and is dedicated to enhancing the value of its members.


Official website here: www.eastriver.coop

What are the reviews and ratings of this charity?

East River Electric Power Cooperative Inc does not currently have a rating on Charity Navigator. Ratings on this platform usually depend on specific beacon scores, such as Accountability & Finance or Impact & Measurement, but this cooperative is ineligible for such a rating because it is not registered as a 501(c)(3) organization. Charity Navigator focuses on 501(c)(3) nonprofits that are tax-exempt and eligible for tax-deductible contributions.

Since East River Electric Power Cooperative does not meet these criteria, it cannot be evaluated using Charity Navigator's standard methodologies, including Accountability & Finance, Impact & Measurement, Culture & Community, or Leadership & Adaptability. The cooperative's absence of an IRS Form 990 filing also limits the availability of financial data, such as revenue, expenses, or key personnel salaries.

There are no user reviews available for East River Electric Power Cooperative Inc on GreatNonprofits. Therefore, information on community sentiment or specific feedback from those who may have interacted with the cooperative is not accessible at this time.


This AI summary has been generated from information found on Charity Navigator.

Is East River Electric Power Cooperative Inc legitimate?

East River Electric Power Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. East River Electric Power 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: $2,450,152
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,421,949

For more financial information, click here


Official website here: www.eastriver.coop

What is the mission statement of East River Electric Power Cooperative Inc?

East River Electric Power Cooperative exists to enhance the value of its member systems. As a wholesale electric power supply cooperative, it provides acquisition, transmission, and distribution of electric power to 24 rural electric cooperatives and one municipally-owned electric system. Serving over 93,000 homes and businesses and approximately 250,000 consumers, the cooperative maintains an extensive infrastructure of 3,236 miles of high-voltage transmission lines, 261 substations, and related facilities. Covering an area of 40,000 square miles in Eastern South Dakota and 22 counties in Western Minnesota, the cooperative is also a transmission owner in the Southwest Power Pool, ensuring reliable power supply to its members.


Official website here: www.eastriver.coop

Who is the CEO of East River Electric Power Cooperative Inc?

Robert Sahr is the President of East River Electric Power Cooperative Inc. The CEO's salary of East River Electric Power Cooperative Inc is $343,103 and their total compensation is $473,576.


Official website here: www.eastriver.coop

What is the revenue of East River Electric Power Cooperative Inc?

East River Electric Power Cooperative Inc's revenue in 2022 was $335,441,988.


Official website here: www.eastriver.coop

Who are the executives of East River Electric Power Cooperative Inc and what are their salaries?

The average compensation at East River Electric Power Cooperative Inc during 2022 was $94,787. There are 178 employees at East River Electric Power Cooperative Inc.


Here are 33 key members and their salaries (East River Electric Power Cooperative Inc's CEO's salary is $343,103 and their total compensation is $473,576):


James Ryken (President)
  • Compensation: $19,054
  • Related: $0
  • Other: $6,322
Alan Vedvei (Vice President)
  • Compensation: $19,768
  • Related: $0
  • Other: $0
Ervin Fink (Secretary (End 08/2022))
  • Compensation: $17,277
  • Related: $0
  • Other: $0
Duane Wolbrink (Director/Secretary (Beg 08/2022))
  • Compensation: $16,353
  • Related: $0
  • Other: $0
Bert Rogness (Treasurer)
  • Compensation: $20,778
  • Related: $0
  • Other: $0
David Allen (Director (End 06/2022))
  • Compensation: $4,715
  • Related: $0
  • Other: $0
Gary Bachman (Director)
  • Compensation: $20,127
  • Related: $0
  • Other: $0
Rodney Dement (Director)
  • Compensation: $14,015
  • Related: $0
  • Other: $3,600
Doug Diekmann (Director)
  • Compensation: $18,510
  • Related: $0
  • Other: $0
Galen Grant (Director)
  • Compensation: $15,665
  • Related: $0
  • Other: $0
Alan Hinderman (Director)
  • Compensation: $20,896
  • Related: $0
  • Other: $0
Jeff Hufford (Director)
  • Compensation: $15,718
  • Related: $0
  • Other: $0
Trevor Job (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Neugebauer (Director (Beg 09/2022))
  • Compensation: $5,571
  • Related: $0
  • Other: $0
Ryan Noyes (Director)
  • Compensation: $16,027
  • Related: $0
  • Other: $0
John Ostraat (Director)
  • Compensation: $12,859
  • Related: $0
  • Other: $0
Kermit Pearson (Director)
  • Compensation: $13,361
  • Related: $0
  • Other: $0
Darrel Raschke (Director (Beg 07/2022))
  • Compensation: $12,785
  • Related: $0
  • Other: $0
Ron Samuelson (Director)
  • Compensation: $17,470
  • Related: $0
  • Other: $0
Kirk Schaunaman (Director)
  • Compensation: $88
  • Related: $0
  • Other: $15,036
Don Schurdevin (Director)
  • Compensation: $17,326
  • Related: $0
  • Other: $0
Darren Strasser (Director)
  • Compensation: $16,537
  • Related: $0
  • Other: $0
Paul Voigt (Director)
  • Compensation: $15,067
  • Related: $0
  • Other: $0
Dave Warkenthien (Director)
  • Compensation: $4
  • Related: $0
  • Other: $16,146
Thomas Boyko (Ceo/General Manager (End 07/2022))
  • Compensation: $787,606
  • Related: $0
  • Other: $28,847
Scott Shewey (Chief Financial Officer)
  • Compensation: $319,123
  • Related: $0
  • Other: $101,759
Robert Sahr (Ceo/Gm (Beg 08/2022))
  • Compensation: $343,103
  • Related: $0
  • Other: $130,473
Mark Hoffman (Chief Operations Officer)
  • Compensation: $239,921
  • Related: $0
  • Other: $109,163
Chris Studer Chief (Member & Public Relations Officer)
  • Compensation: $226,753
  • Related: $0
  • Other: $86,316
Michael Jaspers (Business Development Director)
  • Compensation: $218,522
  • Related: $0
  • Other: $67,672
Jeffrey May (Chief Information Officer)
  • Compensation: $213,321
  • Related: $0
  • Other: $168,672
Doug Engbrecht (Substation & Control Manager)
  • Compensation: $191,594
  • Related: $0
  • Other: $18,947
Elizabeth Avery (Chief Human Resources Officer)
  • Compensation: $186,703
  • Related: $0
  • Other: $195,927


Official website here: www.eastriver.coop

Where can I find the form 990 for East River Electric Power Cooperative Inc?

East River Electric Power Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.eastriver.coop

Learn more at the official website: www.eastriver.coop

Mission Statement of East River Electric Power Cooperative Inc

East River Electric Power Cooperative, a wholesale electric power supply cooperative, exists to enhance the value of its members. With a focus on acquisition, transmission, and distribution of electric power, the cooperative serves 24 rural electric cooperatives and one municipally-owned electric system. These member systems, in turn, provide electricity to over 93,000 homes and businesses and about 250,000 consumers. East River Electric Power Cooperative operates and maintains an extensive infrastructure of 3,236 miles of high-voltage transmission lines, 261 substations, and related facilities. This network covers an area of 40,000 square miles in Eastern South Dakota and 22 counties in Western Minnesota. The cooperative also holds a transmission ownership role in the Southwest Power Pool, broadening its reach and reliability. In summary, East River Electric Power Cooperative is dedicated to strengthening the electrical grid and improving the lives of its members by ensuring a steady and high-quality electric power supply.

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Impact




October, 2024

East River Electric Power Cooperative Inc has a significant impact on the communities it serves by ensuring reliable access to electricity for more than 93,000 homes and businesses, reaching approximately 250,000 consumers across a wide geographic area. Operating in rural areas of 41 counties in eastern South Dakota and 22 counties in western Minnesota, the cooperative manages an extensive infrastructure that includes 3,236 miles of high-voltage transmission lines and 261 substations. This essential work supports the local economy and improves the quality of life for residents by delivering dependable energy resources.

By supplying wholesale electric power to 24 rural electric cooperatives and one municipally-owned electric system, East River enhances the overall value and sustainability of energy services in the region. The cooperative's role as a transmission owner in the Southwest Power Pool also signifies its commitment to regional energy reliability and collaboration, promoting a more resilient energy infrastructure. Through its operations, East River Electric Power Cooperative helps empower communities, enabling growth and development while fostering public benefit and community resilience.




This information is meant to be a general summary of East River Electric Power 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.

Revenue
$335,441,988 (2022)
201120122013201420152016201720182019202020212022$0$85M$170M$255M$340M
Expenses
$335,441,988 (2022)
201120122013201420152016201720182019202020212022$0$85M$170M$255M$340M
Efficiency
2011201220132014201520162017201820192020202120220%2%4%6%

Other financial information:

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

  • Investment Income: $563,795
  • Program Service Revenue: $334,729,150
  • Gross Receipts: $335,441,988

Assets and Liabilities:

  • Total Assets: $837,365,298
  • Total Liabilities: $571,593,806
  • Net Assets: $265,771,492

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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

$274,647,903

RTO & WHEELING REVENUE

Revenue

$31,663,332

G&T CAPITAL CREDITS

Revenue

$28,417,915

Organization Details

Founding Year

1949

Principal Officer

Robert Sahr

Main Address

211 S HARTH AVE, MADISON, SD, 57042

NTEE Category

Code: W80 - Public benefit

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