Dakota Electric Association

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 410212180 ✦ Farmington, MN ✦ Designated as a 501(c)(12)

Overview

What is Dakota Electric Association?

Dakota Electric Association is a member-owned electric cooperative based in Farmington, Minnesota, with approximately 115,000 members and customers. They provide electric and related services and products, ensuring their members' energy needs are met in a changing world. With a workforce of 215 employees, the cooperative is dedicated to exceeding member expectations and focusing on their unique needs.


Official website here: www.dakotaelectric.com

Is Dakota Electric Association legitimate?

Dakota Electric Association is a legitimate nonprofit organization registered as a 501(c)(12) entity. Dakota Electric Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $3,346,684
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,248,356

For more financial information, click here


Official website here: www.dakotaelectric.com

What is the mission statement of Dakota Electric Association?

The Dakota Electric Association is a member-owned electric cooperative, dedicated to surpassing the energy needs of its approximately 115,000 members in a dynamic world. As a member-focused organization, their mission is to deliver quality electric and related services and products. They aim to exceed their members' expectations in an ever-changing environment.


Official website here: www.dakotaelectric.com

Who is the CEO of Dakota Electric Association?

Ryan Hentges is the Vice Chair/Chair From 05/2022 of Dakota Electric Association. The CEO's salary of Dakota Electric Association is $1,096,670 and their total compensation is $1,144,574.


Official website here: www.dakotaelectric.com

What is the revenue of Dakota Electric Association?

Dakota Electric Association's revenue in 2022 was $219,708,380.


Official website here: www.dakotaelectric.com

Who are the executives of Dakota Electric Association and what are their salaries?

The average compensation at Dakota Electric Association during 2022 was $81,837. There are 215 employees at Dakota Electric Association.

Here are 24 key members and their salaries (Dakota Electric Association's CEO's salary is $1,096,670 and their total compensation is $1,144,574):

    Greg Miller (President/Ceo)
  • Compensation: $1,096,670
  • Related: $0
  • Other: $47,904

    • Betty Jo Kiesow (Vp-Engineering Services)
  • Compensation: $246,163
  • Related: $0
  • Other: $186,898

    • Craig Turner (Sr. Principal & Regulatory Engineer)
  • Compensation: $163,805
  • Related: $0
  • Other: $142,202

    • Corey Hintz (Vp-Finance/Cfo)
  • Compensation: $228,366
  • Related: $0
  • Other: $66,912

    • Grant Baumberger (Metering & Electrical Eq Manager)
  • Compensation: $171,045
  • Related: $0
  • Other: $106,849

    • Michael Nelson (Vp-Information Services)
  • Compensation: $248,732
  • Related: $0
  • Other: $27,144

    • Jeffrey Schoenecker (Vp-Utility Services)
  • Compensation: $249,902
  • Related: $0
  • Other: $23,744

    • Jonathon Beyer (Vp-Energy/Member Services)
  • Compensation: $213,836
  • Related: $0
  • Other: $48,919

    • Carla Henke (Controller)
  • Compensation: $165,108
  • Related: $0
  • Other: $91,283

    • John Thurmes (Control Center Manager)
  • Compensation: $157,454
  • Related: $0
  • Other: $98,701

    • Adam Heinen (Vp-Regulatory Services)
  • Compensation: $176,842
  • Related: $0
  • Other: $59,692

    • John Berge (System Design Manager)
  • Compensation: $148,823
  • Related: $0
  • Other: $55,284

    • Paul Bakken (Vice Chair/Chair From 05/2022) [Trustee/Director]
  • Compensation: $39,615
  • Related: $0
  • Other: $0

    • Gerald Pittman Jr (Chair/Treasurer From 05/2022) [Trustee/Director]
  • Compensation: $37,755
  • Related: $0
  • Other: $0

    • Bill Middlecamp (Treasurer/Vice Chair From 05/2022) [Trustee/Director]
  • Compensation: $33,630
  • Related: $0
  • Other: $0

    • Kenneth Danner (Secretary Until 05/2022) [Trustee/Director]
  • Compensation: $33,630
  • Related: $0
  • Other: $0

    • David Jones (Director)
  • Compensation: $33,630
  • Related: $0
  • Other: $0

    • William Holton (Secretary Until 12/2022) [Trustee/Director]
  • Compensation: $33,630
  • Related: $0
  • Other: $0

    • Clay Van De Bogart (Director)
  • Compensation: $33,630
  • Related: $0
  • Other: $0

    • Margaret Schreiner (Director)
  • Compensation: $33,630
  • Related: $0
  • Other: $0

    • John Jack Deyoe (Director)
  • Compensation: $33,630
  • Related: $0
  • Other: $0

    • Stacy Miller (Director)
  • Compensation: $33,630
  • Related: $0
  • Other: $0

    • Terrence Donnelly (Director)
  • Compensation: $25,380
  • Related: $0
  • Other: $0

    • Judy Kimmes (Director Until 10/2022)
  • Compensation: $25,110
  • Related: $0
  • Other: $0


  • Official website here: www.dakotaelectric.com

    Where can I find the form 990 for Dakota Electric Association?

    The Dakota Electric Association’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.dakotaelectric.com

    Learn more at the official website: www.dakotaelectric.com

    Mission Statement of Dakota Electric Association

    Dakota Electric Association, a member-owned electric distribution cooperative, is dedicated to exceeding the energy expectations of its approximately 115,000 members and customers in a constantly evolving world. The organization's mission is to provide electric and related services and products, ensuring a reliable energy source for its members. As a member-focused cooperative, Dakota Electric Association places its members at the heart of its operations, striving to deliver more than just electricity.

    In pursuit of this mission, Dakota Electric Association goes beyond the basics of electric distribution. By being member-owned, it ensures that the needs and concerns of its members are at the forefront of its decision-making process. The cooperative's team works diligently to understand the unique energy requirements of each member and tailor their solutions accordingly. Dakota Electric Association is not just a provider of electricity but a trusted partner to its members, committed to helping them make the most of their energy usage.

    Additionally, Dakota Electric Association recognizes the importance of adapting to a changing world. With a focus on innovation, the cooperative continually explores new technologies and solutions to meet the evolving energy needs of its members. By staying informed about the latest industry trends and advancements, Dakota Electric Association is well-positioned to offer its members cutting-edge energy solutions and services. In this way, Dakota Electric Association not only meets the energy needs of its members today but also prepares them for tomorrow.

    Impact

    This information is meant to be a general summary of Dakota Electric Association. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Dakota Electric Association's impact is significant in providing electric and related services and products for approximately 115,000 members/customers in Farmington, MN. As a member-owned, member-focused electric distribution cooperative, Dakota Electric Association strives to exceed its members' energy expectations in a changing world. Through its operations, Dakota Electric Association plays a crucial role in ensuring reliable and sustainable energy access for its community members.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $275,681
  • Program Service Revenue: $219,431,379
  • Gross Receipts: $219,842,828

    • Assets and Liabilities:
  • Total Assets: $393,498,407
  • Total Liabilities: $204,580,281
  • Net Assets: $188,918,126
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    SALE OF POWER

    Revenue

    $219,427,604

    VEHICLE REPAIR

    Revenue

    $3,775

    Organization Details

    Founding Year

    1937

    Principal Officer

    Ryan Hentges

    Main Address

    4300 220TH ST W, FARMINGTON, MN, 550249583

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Dakota Electric Association and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.