2025-10-07T16:56:52-05:00 2024-12-31 450250958 EIDE BAILLY LLP 345 N REID PL STE 400 SIOUX FALLS SD 571037034 990 2024-01-01 460231254 SOUTH DAKOTA RURAL ELECTRIC ASSOCIATION SOUT 6052248823 PO BOX 1138 PIERRE SD 57501 STEVE BARNETT GENERAL MANAGER 6052248823 2025-09-11 1 1 LAURIE HANSON CPA P00851848 6053391999 2025-09-11 2024 2025-03-06 01:10:19Z STEVE BARNETT PO BOX 1138 PIERRE SD 57501 3575584 0 X SDREA.COOP X 1942 SD TO SERVE THE RURAL ELECTRIC COOPERATIVES IN SOUTH DAKOTA, TO PROMOTE THE EFFECTIVE DEVELOPMENT OF RURAL ELECTRIFICATION IN SOUTH DAKOTA ON A COOPERATIVE, NON-PROFIT BASIS. 30 30 12 0 0 0 0 22050 3339430 3456282 85495 93652 0 0 3424925 3571984 0 0 0 0 1351786 1605314 0 0 0 1673049 1732004 3024835 3337318 400090 234666 2140015 2543432 403601 572352 1736414 1971080 TO SERVE THE RURAL ELECTRIC COOPERATIVES IN SOUTH DAKOTA, TO PROMOTE THE EFFECTIVE DEVELOPMENT OF RURAL ELECTRIFICATION IN SOUTH DAKOTA ON A COOPERATIVE, NON-PROFIT BASIS. 0 0 TRAINING AND EDUCATION FOR COOPERATIVE MEMBERS, DIRECTORS, AND EMPLOYEES. THESE INCLUDE SAFETY MEETINGS, PACKAGE A, AND PACKAGE B. PACKAGE A IS FOR ADMINISTRATIVE, COMMUNICATIONS, AND SUPERVISORS, WHEREAS, PACKAGE B IS FOR SAFETY AND LOSS CONTROL PREVENTION AND TRAINING. YOUTH TOUR - PARTICIPATING COOPERATIVES AND HIGH SCHOOL STUDENTS FROM THOSE COOPERATIVES GO TO WASHINGTON, D.C. TO LEARN ABOUT USA HISTORY, MEET SENATORS AND REPRESENTATIVES, TAKE PART IN DEBATES, LEARN ABOUT THE POLITICAL PROCESS AND COOPERATIVE ELECTRICITY, AND TEACH PRINCIPALS FOR FUTURE MEMBERS OF THE COOPERATIVES. YOUTH EXCURSION PARTICIPANTS OF SOUTH DAKOTA COOPERATIVES GO TO BASIN IN NORTH DAKOTA TO LEARN ABOUT ELECTRICITY WITH FELLOW HIGH SCHOOL STUDENTS FROM DIFFERENT COOPERATIVES.CFC GRANT FOR $22,050 USED FOR YOUTH TOUR AND YOUTH EXCURSION. TOUCHSTONE ENERGY PROMOTIONS TO PROMOTE THE COOPERATIVE PRINCIPLES TO COOPERATIVE MEMBERS AND THE GENERAL PUBLIC AT FAIRS AND VARIOUS EVENTS AROUND SOUTH DAKOTA. 0 1 0 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 63 0 1 12 1 0 0 0 0 0 0 0 0 X 30 30 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 0 0 1 0 0 X THE ORGANIZATION 6052248823 PO BOX 1138 PIERRE SD 57501 X DON HEEREN PRESIDENT 1.00 X X 9355 0 0 JOHN LONG VICE PRESIDENT 1.00 X X 4198 0 0 RICHARD ABRAHAMSON SECRETARY 1.00 X X 3765 0 0 WHITNEY MEEK TREASURER 1.00 X X 3913 0 0 STAN ANDERS DIRECTOR 1.00 X 2603 0 0 JOEL BAIER DIRECTOR 1.00 X 3733 0 0 RICH BENDT DIRECTOR (AS OF 1/24) 1.00 X 2920 0 0 THOMAS BRUNNER DIRECTOR 1.00 X 4098 0 0 CLINT CLARK DIRECTOR 1.00 X 3650 0 0 WILLIAM DAILEY DIRECTOR 1.00 X 3733 0 0 DAVE DANIEL DIRECTOR 1.00 X 4098 0 0 RODNEY DEMENT DIRECTOR (1/24-9/24) 1.00 X 1460 0 0 STEVEN HANSEN DIRECTOR 1.00 X 7383 0 0 TOM LARSEN DIRECTOR 1.00 X 5840 0 0 DONITA LOUDNER DIRECTOR 1.00 X 3833 0 0 KERRY MCLELLAN DIRECTOR 1.00 X 3833 0 0 RODNEY MOON DIRECTOR 1.00 X 4015 0 0 NICHOLAS NEMEC DIRECTOR 1.00 X 2720 0 0 KERMIT PEARSON DIRECTOR 1.00 X 3150 0 0 JIM PRESTON DIRECTOR 1.00 X 4280 0 0 DARREL RASCHKE DIRECTOR (AS OF 9/24) 1.00 X 1278 0 0 SHAD RIGGLE DIRECTOR (UNTIL 1/24) 1.00 X 913 0 0 SAM SCHUMAN DIRECTOR 1.00 X 3915 0 0 ROBERT SHAFFER DIRECTOR 1.00 X 3003 0 0 ROSS SPERRY DIRECTOR 1.00 X 3103 0 0 DAVID STERNHAGEN DIRECTOR 1.00 X 3733 0 0 DARREN STRASSER DIRECTOR (UNTIL 1/24) 1.00 X 913 0 0 TOM THORPE DIRECTOR 1.00 X 3468 0 0 DANIEL THYEN DIRECTOR 1.00 X 3833 0 0 RODNEY TOBIN DIRECTOR 1.00 X 5010 0 0 BILL TOSTENSON DIRECTOR 1.00 X 4563 0 0 NOLAN WIPF DIRECTOR 1.00 X 4130 0 0 DONOVAN YOUNG MAN DIRECTOR 1.00 X 3733 0 0 STEVE BARNETT GENERAL MANAGER 45.00 X 199658 0 53880 MARK PATTERSON MGR. OF LOSS CONTROL SVCS. 48.00 X 130217 0 40871 JOSEPH DENISON CERTIFIED LOSS CONTROL PROFESSIONAL 42.00 X 101315 0 47970 555365 0 142721 3 0 1 1 RITER ROGERS LLP 319 S COTEAU ST PIERRE SD 57501 LEGAL SERVICES 109979 1 22050 22050 MEMBERSHIP DUES 900099 1835672 1835672 CO-OP CONNECTIONS 900099 1014049 1014049 MEMBER SERVICES/TRAINI 541900 515788 515788 LOSS CONTROL 541900 83873 83873 6900 6900 3456282 73252 73252 24000 3600 20400 20400 20400 3571984 3456282 0 93652 402886 704206 159089 269515 69618 112304 17283 875407 28393 68975 130605 76333 39134 SELF-SUPPORTING AND CHO 330410 DUES & SUBSCRIPTIONS 20178 LEGISLATIVE 16991 WORK PROGRAM SUPPLEMENT 9664 6327 3337318 1553053 1920916 79294 122541 43779 52981 1561007 1138748 439388 422259 24501 24735 2140015 2543432 78050 125969 325551 446383 403601 572352 X 1736414 1971080 1736414 1971080 2140015 2543432 234666 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 126241 126241 535614 394271 141343 899152 744477 154675 422259 X 3571984 0 3571984 0 3571984 3337318 0 3337318 0 3337318 PART X, LINE 2: THE ASSOCIATION BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ASSOCIATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. X X 0 0 0 STEVE BARNETT GENERAL MANAGER 197882 0 0 0 1776 0 18499 0 38001 0 256158 0 0 0 MARK PATTERSON MGR. OF LOSS CONTROL SVCS. 128575 0 0 0 1642 0 26621 0 16440 0 173278 0 0 0 JOSEPH DENISON CERTIFIED LOSS CONTROL PROFESSIONAL 99963 0 0 0 1352 0 17376 0 32523 0 151214 0 0 0 SCHEDULE J, PART II, COLUMN C MARK PATTERSON, STEVEN BARNETT, AND JOSEPH DENISON PARTICIPATE IN THE DEFINED BENEFIT PLAN. THE CHANGE IN ACTUARIAL VALUE IS INCLUDED IN PART II, COLUMN C. MARK PATTERSON: $24,056 STEVEN BARNETT: $14,352 JOSEPH DENISON: $15,216 ACTUAL CONTRIBUTIONS TO THE PLAN ARE AS FOLLOWS: MARK PATTERSON: $29,224 STEVEN BARNETT: $36,915 JOSEPH DENISON: $24,610 FORM 990, PART VI, SECTION A, LINE 6 ANY RURAL ELECTRIC COOPERATIVE CORPORATION ORGANIZED UNDER THE LAWS OF THE STATE OF SOUTH DAKOTA, OR ORGANIZED UNDER THE LAWS OF ANOTHER STATE AND DOING BUSINESS IN THE STATE OF SOUTH DAKOTA, MAY BECOME A VOTING MEMBER OF THE ASSOCIATION. ENTITIES WHICH ARE NOT ELIGIBLE TO BE VOTING MEMBERS MAY BECOME ASSOCIATE NON-VOTING MEMBERS IF APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERSHIP OF THE ASSOCIATION ELECTS THE BOARD OF DIRECTORS AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH BROAD AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE MANAGER REVIEWS THE FORM 990 BEFORE IT IS FILED, AND A COPY IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS SHALL MAKE FULL DISCLOSURE TO THE BOARD OR TO MANAGEMENT OF ANY FACTS WHICH MAY INDICATE A CONFLICT OF INTEREST. THE BOARD WILL DETERMINE IF AN ACTUAL CONFLICT EXISTS. IF A CONFLICT OF INTEREST EXISTS, HE/SHE SHALL DISQUALIFY HIMSELF/HERSELF FROM DECISIONS AND DELIBERATIONS THAT POSE A CONFLICT OF INTEREST OR CREATE THE APPEARANCE OF A CONFLICT OF INTEREST. BOARD MEMBERS MAY APPLY TO THE ASSOCIATION'S ATTORNEY FOR AN ADVISORY OPINION AS TO THE EXISTENCE OF A CONFLICT OF INTEREST ON A PARTICULAR ISSUE. THE POLICY IS REGULARLY AND CONSISTENTLY MONITORED. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS FOR DETERMINING COMPENSATION FOR THE GENERAL MANAGER INCLUDED THE USE OF A COMPENSATION SURVEY IN 2022, AND A PERFORMANCE REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS AND POLICIES ARE AVAILABLE UPON REQUEST FORM 990 PART VII THE GENERAL MANAGER ACTS AS BOTH THE TOP MANAGEMENT OFFICIAL AND THE TOP FINANCIAL OFFICIAL OF THE ORGANIZATION.