Oahe Electric Cooperative Inc

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

EIN: 460221074 ✦ Blunt, SD ✦ Designated as a 501(c)(12)

Overview

What is Oahe Electric Cooperative Inc?

Oahe Electric Cooperative Inc is a nonprofit organization based in Blunt, South Dakota. Established to serve approximately 3,332 rural electric cooperative members, the cooperative maintains an extensive network of 1,229 miles of overhead and underground power lines. Their primary mission is to provide their members and the public with high-quality, competitively priced electric services. Oahe Electric Cooperative strives to create value through exceptional offerings and improve the quality of life in their service area, offering growth opportunities for its customers. With a dedicated team of 19 employees, they work tirelessly to ensure reliable electricity for their community.


Official website here: www.oaheelectric.com

Is Oahe Electric Cooperative Inc legitimate?

Oahe Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Oahe Electric Cooperative Inc 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: $465,921
Professional Fundraising Fees: $0
Other Salaries and Wages: $997,525

For more financial information, click here


Official website here: www.oaheelectric.com

What is the mission statement of Oahe Electric Cooperative Inc?

Oahe Electric Cooperative Inc is dedicated to delivering high-quality electric services to its members and the public at competitive prices. Their mission goes beyond affordability, striving to add value through exceptional services and products. By doing so, they aim to enhance the quality of life and create growth opportunities within their community. The cooperative serves approximately 3,332 rural members and maintains a network of 1,229 miles of overhead and underground power lines.


Official website here: www.oaheelectric.com

Who is the CEO of Oahe Electric Cooperative Inc?

Jordan Lamb is the Vice President of Oahe Electric Cooperative Inc. The CEO's salary of Oahe Electric Cooperative Inc is $152,913 and their total compensation is $208,950.


Official website here: www.oaheelectric.com

What is the revenue of Oahe Electric Cooperative Inc?

Oahe Electric Cooperative Inc's revenue in 2022 was $14,214,626.


Official website here: www.oaheelectric.com

Who are the executives of Oahe Electric Cooperative Inc and what are their salaries?

The average compensation at Oahe Electric Cooperative Inc during 2022 was $77,023. There are 19 employees at Oahe Electric Cooperative Inc.

Here are 8 key members and their salaries (Oahe Electric Cooperative Inc's CEO's salary is $152,913 and their total compensation is $208,950):

    Matthew Eldridge (Chief Operations Officer)
  • Compensation: $108,326
  • Related: $0
  • Other: $122,272

    • Valerie Marso (Chief Financial Officer)
  • Compensation: $116,613
  • Related: $0
  • Other: $109,838

    • Jordan Lamb (Chief Executive Officer)
  • Compensation: $152,913
  • Related: $0
  • Other: $56,037

    • James Feller (Vice President) [Trustee/Director]
  • Compensation: $10,200
  • Related: $0
  • Other: $2,117

    • Brandon Haag (Assistant Secretary) [Trustee/Director]
  • Compensation: $9,300
  • Related: $0
  • Other: $2,117

    • Ross Sperry (Secretary) [Trustee/Director]
  • Compensation: $8,700
  • Related: $0
  • Other: $914

    • Kirk Yackley (President) [Trustee/Director]
  • Compensation: $9,000
  • Related: $0
  • Other: $325

    • Ryan Noyes (Treasurer) [Trustee/Director]
  • Compensation: $8,400
  • Related: $0
  • Other: $914


  • Official website here: www.oaheelectric.com

    Where can I find the form 990 for Oahe Electric Cooperative Inc?

    The Oahe Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.oaheelectric.com

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

    Mission Statement of Oahe Electric Cooperative Inc

    Oahe Electric Cooperative Inc, a dedicated electricity provider, is committed to delivering high-quality, competitively priced electric services to its members and the public. The cooperative's mission extends beyond just providing electricity; it aims to generate extraordinary value through affordable services and products, ultimately enhancing the quality of life and fostering growth opportunities in its service area.

    The team at Oahe Electric Cooperative Inc works tirelessly to ensure that approximately 3,332 rural electric cooperative members receive reliable electricity. To accomplish this, they maintain an extensive network of 1,229 miles of overhead and underground lines, focusing on providing consistent power to support the daily lives and development of their community.

    The cooperative's dedication to its members goes beyond just meeting their electricity needs. Oahe Electric Cooperative Inc strives to create a better life for its community members through the delivery of dependable and competitively priced electric services. The cooperative's team is passionate about providing an exceptional value proposition, enabling its members to thrive and grow in their personal and professional lives.

    Impact

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




    Thursday, August 15, 2024

    Oahe Electric Cooperative Inc's impact is significant in providing high-quality, competitively priced electric service to approximately 3,332 rural electric cooperative members in Blunt, SD. The cooperative maintains 1,229 miles of overhead and underground lines, ensuring a reliable source of electricity to its members. By fulfilling its mission to provide extraordinary value through competitively priced services and products, Oahe Electric Cooperative contributes to enhancing the quality of life and creating growth opportunities in its service area. This cooperative plays a crucial role in supporting the community by ensuring access to essential services while operating as a public benefit entity.





    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: $69,595
  • Program Service Revenue: $14,143,070
  • Gross Receipts: $14,240,971

    • Assets and Liabilities:
  • Total Assets: $35,994,149
  • Total Liabilities: $21,534,442
  • Net Assets: $14,459,707
  • Programs

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

    SALE OF POWER

    Revenue

    $13,036,927

    G&T CAPITAL CREDITS

    Revenue

    $1,101,943

    Organization Details

    Founding Year

    1946

    Principal Officer

    Jordan Lamb

    Main Address

    PO BOX 216, BLUNT, SD, 57522

    NTEE Category

    Code: W80 - Public benefit

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