Codington-Clark Electric Cooperative INC FY2024 filing

Not tax-deductible

Watertown, SDMutual-benefit / member-servingSince 1947EIN 46-0121065Revenue $16.4M in FY2024

On file with the IRSccelectric.coop3520 9th Ave Sw, 57201-7037 · Watertown, SDTax-exempt since Aug 1949

This page gets seen. Tell your story. Claim this org.

Our purpose is to provide Electric energy to the membership. We will: provide exemplary personal service; prudently manage revenue and expenses; operate and maintain safe and reliable distribution facilities; provide reasonably priced Electric energy; enhance community member relationships; maintain a safe and gratifying work environment for employees; and embrace change that benefits the membership.

$541K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $0 a year · under 1% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Pay to officers and key staff
$541K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$41.3M
67% of total assets
Worth a look: liabilities are 67% of assets; over 65%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$16.4M
+8% vs prior year
Spent
$16.4M
Net assets
$20.4M
By yearFY2020–FY2025
Revenue
$16.4M
FY2024▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$13.1M
FY2021$12.8M
FY2022$14.4M
FY2023$15.2M
FY2024$16.4M
FY2025$17.9M
Expenses
$16.4M
FY2024▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$13.1M
FY2021$12.8M
FY2022$14.4M
FY2023$15.2M
FY2024$16.4M
FY2025$17.9M
Net assets
$20.4M
FY2024▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$17.2M
FY2021$17.6M
FY2022$18.7M
FY2023$19.6M
FY2024$20.4M
FY2025$21.4M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1949.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

13 people listed on the 990; $541K paid to officers and key staff.

Part VII, Section A · reportable compensation
General Manager
$169,904Pt VII · Sec A
Distribution System Manager
$118,441Pt VII · Sec A
Member Services Manager
$110,639Pt VII · Sec A
Crew Leader
$101,782Pt VII · Sec A
$6,900Pt VII · Sec A
$5,700Pt VII · Sec A
$4,900Pt VII · Sec A
Vice President
$4,700Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
David Eide$182,134$169,904$157,257$149,919$143,304$139,517
Jared Terhark$123,543$118,441$107,977$112,053$103,259$102,238
Jarod Sutten$110,820$110,639$102,689———
James Hatton$108,608$101,782————
Natasha Torgerson$105,732—————
Rhyan Koch$102,920—————
Roy Gjerde$8,000$4,600$5,000$5,100$4,400$4,100
Daniel Thyen$7,300$4,700$5,700$4,100$3,700$4,700

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Codington-Clark Electric Cooperative INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides affordable electricity to members.

Questions for Codington-Clark Electric Cooperative INC

Tap to ask. Codington-Clark Electric Cooperative INC sees how many people are interested.

Your first name shows with your question. Codington-Clark Electric Cooperative INC answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · in their own filed words · FY2024
01

Provided electric service to aproximately 2,550 members. Added, retired or replaced approximately 42 miles of underground and 38 miles of overhead line.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$16.4M
Ln 12
Fees for servicesLn 2g$16.4M
Investment incomeLn 3$92K
Money outPt IX
$16.4M
Ln 25
Owns and owesPt X
$20.4M
net assets · Ln 32
Cash and savingsLn 1–2$3.4M
Total assetsLn 16$61.7M
LiabilitiesLn 26$41.3M
PeoplePt VI, VII
13
listed · VII A
PaidVII A13
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$16.4M
Investment incomeLn 3$92K
Gains on assetsLn 7$10K
Total revenueLn 12$16.4M
Assets in detailPt X, end of year
SavingsLn 2$3.4M
Cash and savings togetherLn 1–2$3.4M
InvestmentsLn 11–13$10.4M
Land, buildings, equipmentLn 10c$44.4M
Other assetsLn 15$77K
Total assetsLn 16$61.7M
LiabilitiesLn 26$41.3M
Net assetsLn 32$20.4M
OperationsPt I, VI
EmployeesI 515
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$3.2M$3.4M
InvestmentsLn 11–13$9.9M$10.4M
Land, buildings, equipmentLn 10c$41.8M$44.4M
Total assetsLn 16$57.7M$61.7M
LiabilitiesLn 26$38.1M$41.3M
Net assetsLn 32$19.6M$20.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$1.3M
Pay of current officers, directors and key staffLn 5$800K
Other salaries and wagesLn 7$896K
Pension plan contributionsLn 8$204K
Payroll taxesLn 10$108K
Legal feesLn 11b$4K
Accounting feesLn 11c$22K
Advertising and promotionLn 12$2K
Office expensesLn 13$66K
Information technologyLn 14$118K
OccupancyLn 16$3K
TravelLn 17$47K
InterestLn 20$970K
Depreciation, depletion and amortizationLn 22$1.6M
Other expenses (24a–d)Ln 24$10.6M
All other expensesLn 24e−$310K
Total functional expensesLn 25$16.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $17.9M$17.9M$0$21.4M 990 PDF
FY2024 Viewing $16.4M$16.4M$0$20.4M 990 PDF
FY2023 $15.2M$15.2M$0$19.6M 990 PDF
FY2022 $14.4M$14.4M$0$18.7M 990 PDF
FY2021 $12.8M$12.8M$0$17.6M 990 PDF
FY2020 $13.1M$13.1M$0$17.2M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $16,432,914 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $15,090,660$16,365,463
I-10 Investment incomePrior year $144,238$92,306
I-11 Other revenuePrior year −$2,250−$24,855
I-12 Total revenuePrior year $15,232,648$16,432,914
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $1,356,510$1,301,971
I-15 Salaries and benefitsPrior year $1,860,833$2,007,890
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $12,015,305$13,123,053
I-18 Total expensesPrior year $15,232,648$16,432,914
I-19 Revenue less expensesPrior year $0$0
Part VI · Governance 9 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $16,432,914 across 4 lines filed
Lines not itemized here account for −$24,855 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $16,365,463$16,365,463
VIII-3 Investment incomeExcluded from tax $82,055$82,055
VIII-7 Net gain or loss on sales of assetsExcluded from tax $10,251$10,251
VIII-12 Total revenueRelated to mission $16,340,608 · Unrelated business $0 · Excluded from tax $92,306$16,432,914
Part IX · Statement of functional expenses $16,432,914 across 16 lines filed
IX-4 Benefits paid to or for members$1,301,971
IX-5 Pay of current officers, directors and key staff$800,099
IX-7 Other salaries and wages$895,931
IX-8 Pension plan contributions$203,946
IX-10 Payroll taxes$107,914
IX-11b Legal fees$4,213
IX-11c Accounting fees$22,461
IX-12 Advertising and promotion$1,673
IX-13 Office expenses$66,216
IX-14 Information technology$117,967
IX-16 Occupancy$2,623
IX-17 Travel$47,347
IX-20 Interest$970,463
IX-22 Depreciation, depletion and amortization$1,591,852
IX-24 Other expenses (24a–d)$10,608,247
IX-24e All other expenses−$310,009
IX-25 Total functional expenses$16,432,914
Part X · Balance sheet $61,679,042 assets, 15 lines filed
X-2 Savings and temporary cash investmentsStart of year $3,180,283$3,378,334
X-4 Accounts receivableStart of year $887,429$1,496,456
X-8 Inventories for sale or useStart of year $1,811,085$1,939,164
X-9 Prepaid expenses and deferred chargesStart of year −$2,342$5,961
X-10c Land, buildings and equipment, netStart of year $41,817,108$44,400,070
X-12 Other securitiesStart of year $93,190$87,320
X-13 Program-related investmentsStart of year $9,842,151$10,294,490
X-15 Other assetsStart of year $78,298$77,247
X-16 Total assetsStart of year $57,707,202$61,679,042
X-17 Accounts payable and accrued expensesStart of year $1,486,921$1,653,118
X-24 Unsecured notes and loans payableStart of year $2,041,913$1,335,271
X-25 Other liabilitiesStart of year $4,525,290$4,865,743
X-26 Total liabilitiesStart of year $38,065,013$41,250,219
X-32 Total net assets or fund balancesStart of year $19,642,189$20,428,823
X-33 Total liabilities and net assetsStart of year $57,707,202$61,679,042
Part XI · Reconciliation of net assets $20,428,823 net assets at year end
XI-1 Total revenue$16,432,914
XI-2 Total expenses$16,432,914
XI-3 Revenue less expenses$0
XI-4 Net assets at start of year$19,642,189
XI-9 Other changes in net assets$786,634
XI-10 Net assets at end of year$20,428,823

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.