Nonprofit · EIN 46-0221074
OAHE ELECTRIC COOPERATIVE INC
Tax-exempt · BLUNT, SD 57522
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $30,022,513 | $30,022,513 | $0 | $42,822,121 | $25,595,364 | $17,226,757 |
| December 31, 2023 | 990 | $16,522,300 | $16,522,300 | $0 | $41,850,027 | $26,320,946 | $15,529,081 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $29,735,836
- Investment income
- $287,014
- Net income from sales of inventory
- -$337
- Other revenue
- -$337
Expenses
- Grants and similar amounts paid
- $6,750
- Benefits paid to members
- $2,225,308
- Compensation of officers, directors and key employees
- $695,437
- Other salaries and wages
- $1,347,507
- Salaries, compensation and benefits (total)
- $2,598,786
- Professional fundraising fees
- $0
- Depreciation
- $1,097,541
Balance sheet and other
- Total assets, start of year
- $41,850,027
- Total assets, end of year
- $42,822,121
- Total liabilities, end of year
- $25,595,364
- Net assets, end of year
- $17,226,757
- Land, buildings and equipment
- $24,178,903
- Gross receipts
- $30,051,335
- Employees
- 18
- Volunteers
- 0
- Year formed
- 1946
- State of legal domicile
- SD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JORDAN LAMB | CHIEF EXECUTIVE OFFICER Officer | 40 | $288,299 | $56,249 |
| MATTHEW ELDRIDGE | CHIEF OPERATIONS OFFICER Highest-paid employee | 40 | $142,040 | $127,526 |
| VALERIE MARSO | CHIEF FINANCIAL OFFICER Officer | 40 | $143,883 | $113,181 |
| MARK BRUNING | LINE FOREMAN Highest-paid employee | 40 | $113,922 | $105,318 |
| TORY SMITH | LINEMAN Highest-paid employee | 40 | $110,796 | $69,790 |
| BRADY GAER | LINEMAN Highest-paid employee | 40 | $119,435 | $48,878 |
| AUSTIN BERGESON | LINEMAN Highest-paid employee | 40 | $123,537 | $33,245 |
| ROSS SPERRY | SECRETARY Trustee or director, Officer | 3.6 | $14,117 | $0 |
| JAMES FELLER | ASSISTANT SECRETARY Trustee or director, Officer | 2 | $13,724 | $0 |
| BRANDON HAAG | PRESIDENT Trustee or director, Officer | 1.6 | $13,724 | $0 |
| RYAN NOYES | TREASURER Trustee or director, Officer | 1.1 | $10,841 | $0 |
| KIRK YACKLEY | VICE PRESIDENT Trustee or director, Officer | 1.5 | $10,298 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JORDAN LAMB | CHIEF EXECUTIVE OFFICER Officer | 40 | $196,069 | $51,339 |
| MATTHEW ELDRIDGE | CHIEF OPERATIONS OFFICER Highest-paid employee | 40 | $124,158 | $115,163 |
| VALERIE MARSO | CHIEF FINANCIAL OFFICER Officer | 40 | $131,672 | $106,871 |
| MARK BRUNING | LINE FOREMAN Highest-paid employee | 40 | $105,279 | $104,265 |
| BRANDON HAAG | PRESIDENT Trustee or director, Officer | 1.4 | $11,917 | $2,117 |
| JAMES FELLER | ASSISTANT SECRETARY Trustee or director, Officer | 1.1 | $11,219 | $2,119 |
| ROSS SPERRY | SECRETARY Trustee or director, Officer | 2.6 | $11,714 | $914 |
| RYAN NOYES | TREASURER Trustee or director, Officer | 1.1 | $10,314 | $914 |
| KIRK YACKLEY | VICE PRESIDENT Trustee or director, Officer | 1.5 | $9,925 | $325 |
Address and contacts
- Address (IRS master file)
- PO BOX 216, BLUNT, SD 57522-0216
- Principal officer (990 for 2024)
- JORDAN LAMB, PO BOX 216, BLUNT, SD 57522
- Signed the 990
- VALERIE MARSO, CFO
- Phone
- (605) 962-6243
- Website
- WWW.OAHEELECTRIC.COM
- Return prepared by
- EIDE BAILLY LLP
Mission
OAHE ELECTRIC COOPERATIVE'S MISSION IS TO PROVIDE MEMBERS/OWNERS AND THE PUBLIC WITH EXTRAORDINARY VALUE THROUGH COMPETITIVELY PRICED SERVICES AND PRODUCTS AND TO ENHANCE THE QUALITY OF LIFE AND CREATE GROWTH OPPORTUNITIES IN OUR SERVICE AREA.
Program accomplishments
- PROVIDED ELECTRICITY TO APPROXIMATELY 3,385 RURAL ELECTRIC COOPERATIVE MEMBERS AND MAINTAINED 1,231 MILES OF OVERHEAD AND UNDERGROUND LINES.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-0221074
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1953
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $42,822,121
- Income (IRS master file)
- $30,051,335
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $30,022,513 | $30,022,513 | $42,822,121 | XML |
| 990 | December 2023 | $16,522,300 | $16,522,300 | $41,850,027 | XML |
| 990 | December 2022 | $14,214,626 | $14,214,626 | $35,994,149 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-0221074).
Questions about OAHE ELECTRIC COOPERATIVE INC
- What is the EIN of OAHE ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of OAHE ELECTRIC COOPERATIVE INC is 46-0221074.
- Is OAHE ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1953.
- Are donations to OAHE ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does OAHE ELECTRIC COOPERATIVE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of OAHE ELECTRIC COOPERATIVE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OAHE ELECTRIC COOPERATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of OAHE ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 names JORDAN LAMB.
- Who are the officers and directors of OAHE ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 lists 12 people; 12 received compensation from the organization, the highest $288,299 (JORDAN LAMB, CHIEF EXECUTIVE OFFICER).
- How much revenue does OAHE ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $30,022,513, expenses of $30,022,513 and total assets of $42,822,121 at year end.
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