Overview
What is Southeastern Electric Cooperative Inc?
Southeastern Electric Cooperative Inc, based in Marion, South Dakota, serves approximately 18,000 member-consumers across 4,480 miles of electric lines. As a non-profit electric cooperative, their mission is member-focused and driven, ensuring they meet the needs and desires of their community. With a team of 68 employees, their primary activity revolves around providing reliable, quality, and affordable electric service to their members.
Official website here: www.southeasternelectric.com
Is Southeastern Electric Cooperative Inc legitimate?
Southeastern Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Southeastern 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: $1,059,045
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,929,058
For more financial information, click here
Official website here: www.southeasternelectric.com
What is the mission statement of Southeastern Electric Cooperative Inc?
As a non-profit electric cooperative, Southeastern Electric Cooperative Inc is dedicated to serving its member-consumers. Their mission is member-focused and member-driven, ensuring they meet the needs and desires of their community. By providing reliable, quality, and affordable electric service, they aim to make a positive impact on people's lives. Approximately 18,000 member-consumers are served over 4,480 miles of lines. The cooperative is committed to putting its members first and strives to exceed their expectations in electricity delivery.
Official website here: www.southeasternelectric.com
Who is the CEO of Southeastern Electric Cooperative Inc?
Brad Schardin is the Ceo/General Manager of Southeastern Electric Cooperative Inc. The CEO's salary of Southeastern Electric Cooperative Inc is $259,266 and their total compensation is $297,971.
Official website here: www.southeasternelectric.com
What is the revenue of Southeastern Electric Cooperative Inc?
Southeastern Electric Cooperative Inc's revenue in 2022 was $76,912,343.
Official website here: www.southeasternelectric.com
Who are the executives of Southeastern Electric Cooperative Inc and what are their salaries?
The average compensation at Southeastern Electric Cooperative Inc during 2022 was $88,060. There are 68 employees at Southeastern Electric Cooperative Inc.
Here are 18 key members and their salaries (Southeastern Electric Cooperative Inc's CEO's salary is $259,266 and their total compensation is $297,971):
- Compensation: $13,807
- Related: $0
- Other: $0
- Compensation: $13,157
- Related: $0
- Other: $0
- Compensation: $12,432
- Related: $0
- Other: $0
- Compensation: $11,882
- Related: $0
- Other: $0
- Compensation: $9,207
- Related: $0
- Other: $0
- Compensation: $17,832
- Related: $0
- Other: $0
- Compensation: $17,532
- Related: $0
- Other: $0
- Compensation: $11,032
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $259,266
- Related: $0
- Other: $38,705
- Compensation: $141,069
- Related: $0
- Other: $54,866
- Compensation: $172,225
- Related: $0
- Other: $105,960
- Compensation: $157,571
- Related: $0
- Other: $51,087
- Compensation: $131,280
- Related: $0
- Other: $134,300
- Compensation: $129,253
- Related: $0
- Other: $41,158
- Compensation: $120,887
- Related: $0
- Other: $76,289
- Compensation: $120,380
- Related: $0
- Other: $43,410
- Compensation: $113,690
- Related: $0
- Other: $27,658
Official website here: www.southeasternelectric.com
Where can I find the form 990 for Southeastern Electric Cooperative Inc?
Southeastern Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.southeasternelectric.com
Learn more at the official website: www.southeasternelectric.com
Mission Statement of Southeastern Electric Cooperative Inc
Southeastern Electric Cooperative Inc, a non-profit electric cooperative, is dedicated to serving its approximately 18,000 member-consumers with reliable, quality, and affordable electric service. This organization prides itself on putting its members first and being driven by their needs and desires. By focusing on their members, Southeastern Electric Cooperative Inc aims to provide them with the essential electric service they require to power their homes and lives. With a strong commitment to these values, the cooperative covers approximately 4,480 miles of lines to ensure every member is connected and their electric needs are met.
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Impact
October, 2024
Southeastern Electric Cooperative Inc significantly impacts its community by providing reliable and affordable electric service to approximately 18,000 member-consumers across 4,480 miles of line in Marion, South Dakota. The cooperative prioritizes the needs and desires of its members, ensuring that their electrical service is not just efficient but also focused on quality. This member-driven approach fosters a sense of community, as decisions are made with the collective benefit in mind, enhancing the quality of life for residents in the region. By concentrating on mutual benefit and community service, Southeastern Electric Cooperative Inc plays a crucial role in the economic and social development of its service area, contributing to energy independence and sustainability.
This information is meant to be a general summary of Southeastern 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: $279,701
- Program Service Revenue: $76,658,573
- Gross Receipts: $77,784,161
Assets and Liabilities:
- Total Assets: $223,506,079
- Total Liabilities: $140,910,169
- Net Assets: $82,595,910
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF ELECTRICITY
Revenue
$70,412,683
COOPERATIVE CAPITAL CREDITS
Revenue
$6,245,890
Organization Details
Founding Year
2000
Phone
(605) 648-3619Principal Officer
Brad Schardin
Main Address
PO BOX 388, MARION, SD, 570430388
Website
www.southeasternelectric.comNTEE Category
Code: Y22 - Mutual benefit
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