Overview
What is East River Electric Power Cooperative Inc?
The East River Electric Power Cooperative Inc is a nonprofit cooperative based in Madison, South Dakota, with a workforce of 178 employees. Their primary mission is to acquire, transmit, and distribute electric power to 25 member systems, serving over 93,000 homes and businesses and approximately 250,000 consumers in eastern South Dakota and western Minnesota. The cooperative maintains an extensive network of 3,236 miles of high-voltage transmission lines, 261 substations, and related facilities to cover an area of 40,000 square miles. East River Electric Power Cooperative is also a transmission owner in the Southwest Power Pool and is dedicated to enhancing the value of its members.
Official website here: www.eastriver.coop
Is East River Electric Power Cooperative Inc legitimate?
East River Electric Power Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. East River Electric Power 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: $2,450,152
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,421,949
For more financial information, click here
Official website here: www.eastriver.coop
What is the mission statement of East River Electric Power Cooperative Inc?
East River Electric Power Cooperative exists to enhance the value of its member systems. As a wholesale electric power supply cooperative, it provides acquisition, transmission, and distribution of electric power to 24 rural electric cooperatives and one municipally-owned electric system. Serving over 93,000 homes and businesses and approximately 250,000 consumers, the cooperative maintains an extensive infrastructure of 3,236 miles of high-voltage transmission lines, 261 substations, and related facilities. Covering an area of 40,000 square miles in Eastern South Dakota and 22 counties in Western Minnesota, the cooperative is also a transmission owner in the Southwest Power Pool, ensuring reliable power supply to its members.
Official website here: www.eastriver.coop
Who is the CEO of East River Electric Power Cooperative Inc?
Robert Sahr is the President of East River Electric Power Cooperative Inc. The CEO's salary of East River Electric Power Cooperative Inc is $343,103 and their total compensation is $473,576.
Official website here: www.eastriver.coop
What is the revenue of East River Electric Power Cooperative Inc?
East River Electric Power Cooperative Inc's revenue in 2022 was $335,441,988.
Official website here: www.eastriver.coop
Who are the executives of East River Electric Power Cooperative Inc and what are their salaries?
The average compensation at East River Electric Power Cooperative Inc during 2022 was $94,787. There are 178 employees at East River Electric Power Cooperative Inc.
Here are 33 key members and their salaries (East River Electric Power Cooperative Inc's CEO's salary is $343,103 and their total compensation is $473,576):
- Thomas Boyko (Ceo/General Manager (End 07/2022))
- Robert Sahr (Ceo/Gm (Beg 08/2022))
- Scott Shewey (Chief Financial Officer)
- Elizabeth Avery (Chief Human Resources Officer)
- Jeffrey May (Chief Information Officer)
- Mark Hoffman (Chief Operations Officer)
- Chris Studer Chief (Member & Public Relations Officer)
- Michael Jaspers (Business Development Director)
- Doug Engbrecht (Substation & Control Manager)
- James Ryken (President) [Trustee/Director]
- Alan Hinderman (Director)
- Bert Rogness (Treasurer) [Trustee/Director]
- Gary Bachman (Director)
- Alan Vedvei (Vice President) [Trustee/Director]
- Doug Diekmann (Director)
- Rodney Dement (Director)
- Ron Samuelson (Director)
- Don Schurdevin (Director)
- Ervin Fink (Secretary (End 08/2022)) [Trustee/Director]
- Darren Strasser (Director)
- Duane Wolbrink (Director/Secretary (Beg 08/2022))
- Dave Warkenthien (Director)
- Ryan Noyes (Director)
- Jeff Hufford (Director)
- Galen Grant (Director)
- Kirk Schaunaman (Director)
- Paul Voigt (Director)
- Kermit Pearson (Director)
- John Ostraat (Director)
- Darrel Raschke (Director (Beg 07/2022))
- David Neugebauer (Director (Beg 09/2022))
- David Allen (Director (End 06/2022))
- Trevor Job (Director)
Official website here: www.eastriver.coop
Where can I find the form 990 for East River Electric Power Cooperative Inc?
The East River Electric Power Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.eastriver.coop
Learn more at the official website: www.eastriver.coop
Mission Statement of East River Electric Power Cooperative Inc
East River Electric Power Cooperative, a wholesale electric power supply cooperative, exists to enhance the value of its members. With a focus on acquisition, transmission, and distribution of electric power, the cooperative serves 24 rural electric cooperatives and one municipally-owned electric system. These member systems, in turn, provide electricity to over 93,000 homes and businesses and about 250,000 consumers. East River Electric Power Cooperative operates and maintains an extensive infrastructure of 3,236 miles of high-voltage transmission lines, 261 substations, and related facilities. This network covers an area of 40,000 square miles in Eastern South Dakota and 22 counties in Western Minnesota. The cooperative also holds a transmission ownership role in the Southwest Power Pool, broadening its reach and reliability. In summary, East River Electric Power Cooperative is dedicated to strengthening the electrical grid and improving the lives of its members by ensuring a steady and high-quality electric power supply.
Impact
This information is meant to be a general summary of East River Electric Power Cooperative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
East River Electric Power Cooperative Inc's impact lies in its crucial role in the acquisition, transmission, and distribution of electric power to member systems. Serving 24 rural electric cooperatives and one municipally-owned electric system, East River Electric Power Cooperative provides essential electricity to more than 93,000 homes and businesses, impacting approximately 250,000 consumers. Operating and maintaining over 3,200 miles of high-voltage transmission lines, 261 substations, and related facilities, the cooperative covers a vast area of 40,000 square miles across 41 counties in eastern South Dakota and 22 counties in western Minnesota. Additionally, as a transmission owner in the Southwest Power Pool, East River Electric plays a key role in ensuring reliable electricity supply in the region. The cooperative's mission to enhance the value of its members directly translates into a tangible impact on the communities it serves, providing essential power for daily life, businesses, and economic development.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF POWER
Revenue
$274,647,903
RTO & WHEELING REVENUE
Revenue
$31,663,332
G&T CAPITAL CREDITS
Revenue
$28,417,915
Organization Details
Founding Year
1949
Phone
(605) 256-4536
Principal Officer
Robert Sahr
Main Address
211 S HARTH AVE, MADISON, SD, 57042
Website
www.eastriver.coop
NTEE Category
Code: W80 - Public benefit
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