Cause IQ organization profile

Black Hills Electric Cooperative

Form 990s | Financials | Vendors | Personnel | Peers

Black Hills Electric Cooperative is a public utility based in Custer, SD that was founded in 1955. As of 2019 they had $22 million in revenue and $65 million in assets.

EIN:

46-0111503

City:

State:

Metro:

Website:

Founded:

1955

Type:

501(c)(12)

NTEE:

W80: Public utilities

Revenue:

$22,810,632

Assets:

$65,918,173

Employees:

Fiscal year end:

December

Revenue trends:

Asset trends:

Form 990s for Black Hills Electric Cooperative

Fiscal year ending	Date received by IRS	Form	PDF link
2018-12	Aug 8, 2019	990O	View PDF
2016-12	Jun 5, 2017	990O	View PDF
2015-12	Jun 13, 2016	990O	View PDF
2014-12	Jun 3, 2015	990O	View PDF
2013-12	Jun 4, 2014	990O	View PDF
...and four more Form 990 PDFs

Financials for Black Hills Electric Cooperative

Field	2018
Federated campaigns	$0
Membership dues	$0
Fundraising event contributions	$0
Related organizations	$0
Government grants (contributions)	$0
Normal grants, contributions, etc.	$0
<em>Non-cash contributions included in above</em>
Total grants, contributions, etc.	$0

Field	2018	2017	% Change
Total grants, contributions, etc.	$0	$0
Program services	$22,284,282	$20,871,853	6.8%
Investment income and dividends	$460,150	$203,778	125.8%
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$0	$0
Net rental income	$750	$500	50%
Net gain from sale of non-inventory assets	$0	$0
Net income from fundraising events	$0	$0
Net income from gaming activities	$0	$0
Net income from sales of inventory	$5,836	$4,036	44.6%
Miscellaneous revenues	$59,614	$468,742	-87.3%
Total revenues	$22,810,632	$21,548,909	5.9%

Field	2018	2017	% Change
Grants to govts. and orgs. in USA	$9,135	$8,578	6.5%
Grants to individuals in USA	$0	$0
Grants to govts., orgs., and individuals outside USA	$0	$0
Benefits paid to or for members	$1,060,024	$591,874	79.1%
Compensation of current officers, etc.	$388,835	$388,673	0.0%
Compensation not included above, to disqualified persons	$0	$0
Non-officer salaries and wages	$1,472,088	$1,386,310	6.2%
Pension/retirement accruals and contributions	$615,096	$554,980	10.8%
Other employee benefits	$445,427	$421,569	5.7%
Payroll taxes	$134,913	$127,474	5.8%
Management fees	$0	$0
Legal fees	$16,947	$11,520	47.1%
Accounting fees	$21,875	$18,092	20.9%
Lobbying fees	$0	$0
Pro. fundraising fees	$0	$0
Investment mgmt fees	$0	$0
Other fee-for-service	$246,002	$213,661	15.1%
Advertising and promotion	$105,247	$103,334	1.9%
Office expenses	$110,634	$115,501	-4.2%
Information tech. expenses	$97,813	$71,500	36.8%
Royalty expenses	$0	$0
Occupancy	$112,825	$112,155	0.6%
Travel	$254,845	$302,611	-15.8%
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$62,308	$46,240	34.7%
Interest	$1,530,909	$1,408,130	8.7%
Payments to affiliates	$79,479	$77,871	2.1%
Depreciation, amortization, etc.	$2,459,688	$2,665,099	-7.7%
Insurance	$96,872	$88,575	9.4%
All other expenses	$9,865,175	$10,191,638	-3.2%
Total expenses	$19,186,137	$18,905,385	1.5%

Field	2018	2017	% Change
Cash (non-interest-bearing)	$450	$450
Savings, short-term investments, etc.	$6,277,307	$3,679,298	70.6%
Pledges and grants receivable	$0	$0
Accounts receivable	$840,640	$947,536	-11.3%
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$1,695,358	$1,607,366	5.5%
Prepaid expenses and deferred charges	$780,179	$915,151	-14.7%
Buildings, equipment, etc. post-depreciation	$45,167,947	$44,527,701	1.4%
Investments, publicly traded securities	$4,894	$4,590	6.6%
Investments, other securities	$500	$500
Investments, program-related	$9,111,477	$8,109,578	12.4%
Intangible assets	$0	$0
Other assets	$2,039,452	$2,098,843	-2.8%
Total assets	$65,918,173	$61,891,011	6.5%

Field	2018	2017	% Change
Accounts payable and accrued expenses	$0	$2,304,941	-100%
Grants payable	$1,939,095	$0	999%
Deferred revenue	$0	$1,439,095	-100%
Tax-exempt bond liabilities	$0	$0
Escrow or custodial account liability	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$34,234,609	$33,221,301	3.1%
Unsecured notes and loans payable to unrelated third parties	$167,000	$167,000
Other liabilities	$1,054,875	$936,343	12.7%
Total liabilities	$39,483,748	$38,068,680	3.7%

Field	2018	2017
Unrestricted net assets	$0	$0
Temporarily restricted net assets	$0	$0
Permanently restricted net assets	$0	$0

Vendors for Black Hills Electric Cooperative

Vendor	Services	Date
Drupal	Content management system software	2020-03-03
██████	Fundraising software	2020-03-03
███████ ███ ████	Fundraising software; Payment processing	2020-03-03

Personnel at Black Hills Electric Cooperative

Name	Title	Compensation	Most recent data
Walker Witt	General Manager and Chief Executive Officer	-	April 10, 2020
Sammi Langendorf	Chief Financial Officer and Office Manager	-	April 10, 2020
████ █████	Manager of Operations	-	April 10, 2020
████ █████	Manager of Marketing and Member Services	-	April 10, 2020
██████ ██████	Board Vice - President	-	April 10, 2020
████ ██████	Board Secretary	-	April 10, 2020
███ ███████	Board Treasurer	-	April 10, 2020
████ ██████	Board President	-	April 10, 2020
███ ████████	Board Assistant Secretary	-	April 10, 2020
...and one more key personnel

Peer public utilities

	Name	Type	Revenue	Location
1	Oahe Electric Cooperative	501(c)(12)	$10 million	Blunt, SD
2	H-D Electric Cooperative	501(c)(12)	$11 million	Clear Lake, SD
3	Dakota Energy Cooperative	501(c)(12)	$26 million	Huron, SD
4	Whetstone Valley Electric Cooperative	501(c)(12)	$11 million	Milbank, SD
5	Northern Electric Cooperative	501(c)(12)	$31 million	Bath, SD
6	Southeastern Electric Cooperative	501(c)(12)	$65 million	Marion, SD
7	Cam Wal Electric Cooperative	501(c)(12)	$8.0 million	Selby, SD
8	Central Electric Cooperative	501(c)(12)	$39 million	Mitchell, SD
9	West Central Electric Cooperative	501(c)(12)	$18 million	Murdo, SD
10	Bon Homme Yankton Electric Association	501(c)(12)	$11 million	Tabor, SD
11	West River Electric Association	501(c)(12)	$41 million	Wall, SD
12	Lacreek Electric Association	501(c)(12)	$15 million	Martin, SD
13	Codington-Clark Electric Cooperative	501(c)(12)	$12 million	Watertown, SD
14	Rosebud Electric Cooperative	501(c)(12)	$8.8 million	Gregory, SD
15	Fem Electric Association	501(c)(12)	$17 million	Ipswich, SD
16	Butte Electric Cooperative	501(c)(12)	$9.4 million	Newell, SD
17	Clay-Union Electric Corporation	501(c)(12)	$9.5 million	Vermillion, SD
18	Lake Region Electric Association	501(c)(12)	$21 million	Webster, SD
19	Southwest Electric Cooperative	501(c)(12)	$70 million	Bolivar, MO
20	Jackson Energy Cooperative	501(c)(12)	$109 million	Mckee, KY
21	Big Sandy Rural Electric Cooperative Corporation	501(c)(12)	$26 million	Paintsville, KY
22	Bridger Valley Electric Association (BVEA)	501(c)(12)	$14 million	Mountain View, WY
23	Columbus Electric Cooperative	501(c)(12)	$15 million	Deming, NM
24	Sierra Electric Cooperative	501(c)(12)	$9.6 million	Elephant Butte, NM
25	Piedmont Electric Membership Corporation	501(c)(12)	$66 million	Hillsborough, NC

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Cause IQ organization profile

Black Hills Electric Cooperative

Form 990s for Black Hills Electric Cooperative

Financials for Black Hills Electric Cooperative

Vendors for Black Hills Electric Cooperative

Personnel at Black Hills Electric Cooperative

Peer public utilities

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