ROSEBUD ELECTRIC COOPERATIVE INC

Address
PO BOX 439
GREGORY, SD 57533
Contact
Website: http://rosebudelectric.com
Phone: +1 (605) 835-9624
Nonprofit
NTEE: W80 - Public Utilities
EIN: 46-0215360

Mission

NONE.
 20162015201420132012
Basic features of the organization
Year of formation1945
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$171,122.00$236,963.00   
Sum of reportable (W2/1099) compensation$138,528.00$184,237.00   
Number of employees2325   
Number of people compensated >$100k00   
Number of volunteers00   
Number of highly compensated contractors10   
Personnel
Eastlund, James
TitleSECRETARYSECRETARY   
Name of key/compensated personJAMES EASTLUNDJAMES EASTLUND   
Position of compensated person
Current individual trustee or directorTrueTrue   
Current officerTrueTrue   
Average hours per week working for org2.002.00   
Reportable compensation from org$6,387.00$6,874.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Hartland, Richard
TitleDIRECTOR    
Name of key/compensated personRICHARD HARTLAND    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org2.00    
Reportable compensation from org$964.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Hartland, William
TitleDIRECTORDIRECTOR   
Name of key/compensated personWILLIAM HARTLANDWILLIAM HARTLAND   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org2.002.00   
Reportable compensation from org$2,651.00$3,262.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Littau, Leroy
TitlePRESIDENTPRESIDENT   
Name of key/compensated personLEROY LITTAULEROY LITTAU   
Position of compensated person
Current individual trustee or directorTrueTrue   
Current officerTrueTrue   
Average hours per week working for org2.002.00   
Reportable compensation from org$2,410.00$2,330.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
May, Gary
Title GENERAL MANAGER   
Name of key/compensated person GARY CLAYTON THRU MAY   
Position of compensated person
Current officer True   
Average hours per week working for org 40.00   
Reportable compensation from org $60,453.00   
Other comp, non-reportable, from org and related orgs $10,742.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Mikkelsen, Kevin
TitleGENERAL MANAGERGENERAL MANAGER   
Name of key/compensated personKEVIN MIKKELSENKEVIN MIKKELSEN   
Position of compensated person
Current officerTrueTrue   
Average hours per week working for org40.0040.00   
Reportable compensation from org$95,629.00$88,599.00   
Other comp, non-reportable, from org and related orgs$35,568.00$27,919.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Purvis, Dennis
TitleDIRECTORDIRECTOR   
Name of key/compensated personDENNIS PURVISDENNIS PURVIS   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org2.002.00   
Reportable compensation from org$6,266.00$5,010.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Ringstmeyer, William
TitleVICE-PRESIDENTVICE-PRESIDENT   
Name of key/compensated personWILLIAM RINGSTMEYERWILLIAM RINGSTMEYER   
Position of compensated person
Current individual trustee or directorTrueTrue   
Current officerTrueTrue   
Average hours per week working for org2.002.00   
Reportable compensation from org$3,615.00$3,262.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Shaffer, Robert
TitleDIRECTORDIRECTOR   
Name of key/compensated personROBERT SHAFFERROBERT SHAFFER   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org2.002.00   
Reportable compensation from org$4,097.00$3,146.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Shipman, David
TitleDIRECTOR    
Name of key/compensated personDAVID SHIPMAN    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org2.00    
Reportable compensation from org$4,579.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Shipman, Davide
Title DIRECTOR   
Name of key/compensated person DAVIDE SHIPMAN   
Position of compensated person
Current individual trustee or director True   
Average hours per week working for org 2.00   
Reportable compensation from org $3,029.00   
Other comp, non-reportable, from org and related orgs $0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00   
Wendell, Delbert
TitleTREASURERTREASURER   
Name of key/compensated personDELBERT WENDELLDELBERT WENDELL   
Position of compensated person
Current individual trustee or directorTrueTrue   
Current officerTrueTrue   
Average hours per week working for org2.002.00   
Reportable compensation from org$6,146.00$4,777.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Young, Boyt
TitleDIRECTORDIRECTOR   
Name of key/compensated personBOYT YOUNGBOYT YOUNG   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org2.002.00   
Reportable compensation from org$5,784.00$3,495.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTO PROVIDE ELECTRICITY TO MEMBERS.TO PROVIDE ELECTRICITY TO MEMBERS.   
Programs, including revenue & expenses
THE COOPERATIVE SERVED 3,023 MEMBERS DURING 2016 AND ADDED/REPLACED 16.19 MILES OF LINE.
Program descriptionTHE COOPERATIVE SERVED 3,023 MEMBERS DURING 2016 AND ADDED/REPLACED 16.19 MILES OF LINE.THE COOPERATIVE SERVED 3,000 MEMBERS DURING 2015 AND ADDED/REPLACED 16.33 MILES OF LINE.   
Financial data
Revenue
Total revenue$8,320,067.00$8,696,117.00   
Revenue from contributions (total) $0.00$0.00$0.00$0.00
Investment income, current yr$28,093.00$151,823.00   
Total revenue from grants, etc., current yr$0.00$0.00   
Total unrelated business revenue$0.00$0.00   
Other revenue, current yr-$208.00-$4,394.00   
Net unrelated business taxable revenue$0.00$0.00   
Program service revenue (total)$8,292,182.00$8,548,688.00$9,250,775.00$0.00$0.00
Gross receipts$8,382,683.00$8,717,560.00   
Other types of revenue
Income from dividends, interest, and similar investments$28,093.00$141,582.00   
Net rental income $0.00$0.00$0.00$0.00
Net inventory sales (total)-$208.00-$4,394.00   
Expense categories (totals)
Total functional expenses: sum of all$8,320,067.00$8,696,117.00   
Fees for services
Fundraising service fees (total)$0.00$0.00   
Assets and liabilities
Total assets$24,666,987.00$28,339,083.00$29,149,906.00$28,261,559.00$26,463,408.00
Total assets, beginning of year$28,339,083.00$29,149,906.00   
Total liabilities$16,712,931.00$20,205,041.00$21,468,858.00$20,771,174.00$19,137,594.00
Total liabilities, beginning of year$20,205,041.00$21,468,858.00   
Net assets$7,954,056.00$8,134,042.00   
Net assets, beginning of year$8,134,042.00$7,681,048.00   
Other liabilities$464,820.00$5,963,954.00   
Other assets$728,049.00$807,233.00   
Investments: other securities$260,979.00$272,922.00   
Investments -- program-related$2,108,287.00$2,033,538.00   
Inventories for sale or use$623,235.00$636,886.00   
Other financial variables
Revenue less expenses$0.00$0.00   
Advertising (total)$38,453.00$46,998.00   
Savings & temp cash investment$2,278,350.00$6,361,476.00   
Accounts receivable, net$309,346.00$457,986.00   
Prepaid expenses & deferred charges$57,440.00$64,865.00   
Accounts payable & accrued expenses$1,254,313.00$1,042,016.00   
Secured mortgages and notes payable$14,993,798.00$13,199,071.00   
Total net assets or fund balances$7,954,056.00$8,134,042.00   
Depreciation, depletion, amortization$886,068.00$845,567.00   
Governance and accountability
Number of voting members109   
Number of independent voting members109   
Financial sheets auditedTrue    
Relationships among key personnelTrue    
Accrual accountingTrueTrue   
Tax year start date2016-01-012015-01-01   
Tax year end date2016-12-012015-12-012014-12-012013-12-012012-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990   
Date e-filing submitted2017-11-222016-12-07   
IRS schema version2016v3.02015v2.1   
Filing identifier201712839349300341201612169349300146   
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