Southeastern Electric Cooperative Inc

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

EIN: 460454373 ✦ Marion, SD ✦ Designated as a 501(c)(12)

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 not tax deductible.

Here 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):

    Brad Schardin (Ceo/General Manager)
  • Compensation: $259,266
  • Related: $0
  • Other: $38,705

    • John Euchner (Manager Of Operating And Engineering)
  • Compensation: $172,225
  • Related: $0
  • Other: $105,960

    • Troy Peters (Line Superintendent)
  • Compensation: $131,280
  • Related: $0
  • Other: $134,300

    • Todd Nelson (Member Services & It Manager)
  • Compensation: $157,571
  • Related: $0
  • Other: $51,087

    • Adam Stark (Line Superintendent)
  • Compensation: $120,887
  • Related: $0
  • Other: $76,289

    • Jon Wunder (Cfo/Assistant Manager)
  • Compensation: $141,069
  • Related: $0
  • Other: $54,866

    • Bob Schrag (Line Superintendent)
  • Compensation: $129,253
  • Related: $0
  • Other: $41,158

    • Robert Dubbelde (Line Superintendent)
  • Compensation: $120,380
  • Related: $0
  • Other: $43,410

    • Jason Peterson (Foreman)
  • Compensation: $113,690
  • Related: $0
  • Other: $27,658

    • Carlos Hofer (Director)
  • Compensation: $17,832
  • Related: $0
  • Other: $0

    • Robert Wollmann (Director)
  • Compensation: $17,532
  • Related: $0
  • Other: $0

    • Don Heeren (President) [Trustee/Director]
  • Compensation: $13,807
  • Related: $0
  • Other: $0

    • Steve Holmberg (Vice President) [Trustee/Director]
  • Compensation: $13,157
  • Related: $0
  • Other: $0

    • Daryl Terveen (Treasurer) [Trustee/Director]
  • Compensation: $12,432
  • Related: $0
  • Other: $0

    • Johnathan Wildeboer (Secretary) [Trustee/Director]
  • Compensation: $11,882
  • Related: $0
  • Other: $0

    • John Ostraat (Director)
  • Compensation: $11,032
  • Related: $0
  • Other: $0

    • Chris Hofer (Director)
  • Compensation: $9,207
  • Related: $0
  • Other: $0

    • Ron Anderson (Director (End 01/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.southeasternelectric.com

    Where can I find the form 990 for Southeastern Electric Cooperative Inc?

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    Southeastern Electric Cooperative Inc's impact lies in providing reliable, quality, and affordable electric service to approximately 18,000 member-consumers over 4,480 miles of line. As a member-focused and member-driven organization, their mission is to cater to the needs and desires of their cooperative members. By doing so, Southeastern Electric Cooperative Inc effectively contributes to enhancing the quality of life for individuals and businesses in their community through the provision of essential electric services.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    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
  • 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

    Principal Officer

    Brad Schardin

    Main Address

    PO BOX 388, MARION, SD, 570430388

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Southeastern 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.