Dakota Energy Cooperative Inc

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

EIN: 460434317 ✦ Huron, SD ✦ Designated as a 501(c)(12)

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Overview

What is Dakota Energy Cooperative Inc?

Dakota Energy Cooperative Inc is a nonprofit organization dedicated to serving its community's energy needs. Based on the provided information, details about the organization's name, activity, or mission description are limited. However, it can be inferred that the cooperative's focus is on providing essential services that enhance people's way of life. For more comprehensive information, creating a free account may grant access to further profiles and details.


Official website here: www.dakotaenergy.coop

Is Dakota Energy Cooperative Inc legitimate?

Dakota Energy Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Dakota Energy 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: $299,625
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,066,985

For more financial information, click here


Official website here: www.dakotaenergy.coop

What is the mission statement of Dakota Energy Cooperative Inc?

The Dakota Energy Cooperative Inc is dedicated to providing essential services for enhancing the way of life for its community. The cooperative's mission is centered around empowering its members to live better lives through reliable and efficient energy solutions. The organization strives to deliver high-quality services that cater to the unique needs of its customers. By focusing on customer satisfaction, Dakota Energy Cooperative Inc aims to build strong relationships and foster a sense of community among its members. Additionally, the cooperative is committed to being a responsible corporate citizen, prioritizing sustainability and eco-friendly practices in its operations.


Official website here: www.dakotaenergy.coop

Who is the CEO of Dakota Energy Cooperative Inc?

Chad Felderman is the General Mana of Dakota Energy Cooperative Inc.


Official website here: www.dakotaenergy.coop

What is the revenue of Dakota Energy Cooperative Inc?

Dakota Energy Cooperative Inc's revenue in 2022 was $25,787,850.


Official website here: www.dakotaenergy.coop

Who are the executives of Dakota Energy Cooperative Inc and what are their salaries?

The average compensation at Dakota Energy Cooperative Inc during 2022 was $76,342. There are 31 employees at Dakota Energy Cooperative Inc.


Here are 14 key members and their salaries:


Chad Felderman (General Mana)
  • Compensation: $150,491
  • Related: $0
  • Other: $138,883
Mike Moncur (Manager Of F)
  • Compensation: $123,123
  • Related: $0
  • Other: $99,227
Chase Binger (President)
  • Compensation: $11,107
  • Related: $0
  • Other: $0
Bruce Micheel (Director)
  • Compensation: $8,032
  • Related: $0
  • Other: $0
Steve Peterson (Treasurer)
  • Compensation: $7,707
  • Related: $0
  • Other: $0
Chad Dearborn (Director)
  • Compensation: $7,232
  • Related: $0
  • Other: $0
Neil Duxbury (Secretary)
  • Compensation: $7,232
  • Related: $0
  • Other: $0
Todd Bushong (Vice Preside)
  • Compensation: $6,032
  • Related: $0
  • Other: $0
Tommy Baruth (Director)
  • Compensation: $5,816
  • Related: $0
  • Other: $0
Nick Nemec (Director)
  • Compensation: $4,216
  • Related: $0
  • Other: $0
Darrell Rascke (Director)
  • Compensation: $4,200
  • Related: $0
  • Other: $0
David Allen (Director)
  • Compensation: $3,416
  • Related: $0
  • Other: $0
Jeffrey Madison (Director)
  • Compensation: $3,016
  • Related: $0
  • Other: $0
Dave Gross (Director)
  • Compensation: $3,011
  • Related: $0
  • Other: $0


Official website here: www.dakotaenergy.coop

Where can I find the form 990 for Dakota Energy Cooperative Inc?

Dakota Energy Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.dakotaenergy.coop

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

Mission Statement of Dakota Energy Cooperative Inc

Dakota Energy Cooperative Inc is dedicated to providing essential services that enhance the livelihoods of the people it serves. In simpler terms, the organization's mission is to improve the way of life for its community members.

Dakota Energy Cooperative Inc's commitment to its customers extends beyond just offering basic services. By emphasizing "Service for Your Way of Life," the cooperative indicates its goal to go above and beyond in delivering solutions that cater to the unique needs of each individual. This approach not only ensures customer satisfaction but also fosters a strong sense of community engagement and collaboration.

The cooperative's mission is a call to action, recognizing that the essential services it provides play a crucial role in people's daily lives. By focusing on meeting the needs of its customers, Dakota Energy Cooperative Inc empowers them to reach their full potential and thrive in their communities. The cooperative's dedication to this mission is unwavering, and its commitment to continuous improvement guarantees that it remains responsive to the evolving needs of the people it serves.

In conclusion, Dakota Energy Cooperative Inc is more than just a service provider. It is a community-focused organization whose mission is to make a positive difference in the lives of its customers by offering essential services tailored to their unique needs. The cooperative's commitment to improving the way of life for its community members sets it apart as a valued partner in their journey towards a better future.

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Impact




October, 2024

Dakota Energy Cooperative Inc significantly impacts the community by providing essential services that enhance the quality of life for residents in Huron, South Dakota. The cooperative focuses on delivering reliable energy solutions tailored to meet the diverse needs of its members. Through its commitment to public benefit, Dakota Energy plays a vital role in promoting sustainability and economic development within the region. By ensuring accessible and affordable energy, it supports local businesses and families, fostering a sense of community and resilience. Additionally, the cooperative's initiatives contribute to a more sustainable future, aligning with modern energy needs and environmental considerations.




This information is meant to be a general summary of Dakota Energy 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
$25,787,850 (2022)
Expenses
$24,205,129 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $11,520
  • Program Service Revenue: $25,687,329
  • Gross Receipts: $26,937,377

Assets and Liabilities:

  • Total Assets: $60,692,155
  • Total Liabilities: $36,946,292
  • Net Assets: $23,745,863

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Programs

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

ELECTRIC SALES TO MEMBERS

Revenue

$23,452,028

CAPITAL CREDITS

Revenue

$2,097,156

OTHER OPERATING

Revenue

$138,145

Organization Details

Founding Year

1995

Principal Officer

Chad Felderman

Main Address

PO BOX 830, HURON, SD, 57350

NTEE Category

Code: W80 - Public benefit

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