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
Subsection code12
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   
Investment income, current yr$28,093.00$151,823.00   
Total revenue from grants, etc., current yr$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   
Other types of revenue
Investment income$28,093.00$141,582.00   
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   
Total assets, beginning of year$28,339,083.00$29,149,906.00   
Total liabilities$16,712,931.00$20,205,041.00   
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 were 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   
IRS schema version2016v3.02015v2.1   
Filing identifier201712839349300341201612169349300146   
Use these data in your project Benchmark this organization against its peers