Cherry Todd Electric Cooperative Inc

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

EIN: 460252750 ✦ Mission, SD ✦ Designated as a 501(c)(12)

Overview

What is Cherry Todd Electric Cooperative Inc?

Cherry Todd Electric Cooperative Inc, located in Mission, South Dakota (PO Box 169), is a member-owned cooperative committed to selling and distributing electricity to its community. With approximately 3,733 members served, the cooperative covers over 2,399 miles of lines to ensure safe, reliable, and cost-effective electricity delivery. The cooperative is dedicated to its mission, which involves providing electricity to members efficiently and safely. The cooperative employs a team of 23 individuals to accomplish this goal.


Official website here: www.cherry-todd.com

Is Cherry Todd Electric Cooperative Inc legitimate?

Cherry Todd Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Cherry Todd 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: $303,843
Professional Fundraising Fees: $0
Other Salaries and Wages: $252,768

For more financial information, click here


Official website here: www.cherry-todd.com

What is the mission statement of Cherry Todd Electric Cooperative Inc?

Cherry Todd Electric Cooperative Inc is dedicated to providing electricity to its members in a safe, reliable, and cost-effective manner. As a member-owned cooperative, the organization aims to distribute electricity efficiently and returns any generated margins to its members, as determined by the board of directors. In 2022, approximately 3,733 members were served through 2,399 miles of lines. The cooperative ensures a consistent electricity supply and maintains a strong commitment to providing an affordable service to its community.


Official website here: www.cherry-todd.com

Who is the CEO of Cherry Todd Electric Cooperative Inc?

Timothy W Grablander is the President of Cherry Todd Electric Cooperative Inc. The CEO's salary of Cherry Todd Electric Cooperative Inc is $175,134 and their total compensation is $274,090.


Official website here: www.cherry-todd.com

What is the revenue of Cherry Todd Electric Cooperative Inc?

Cherry Todd Electric Cooperative Inc's revenue in 2022 was $16,018,537.


Official website here: www.cherry-todd.com

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

The average compensation at Cherry Todd Electric Cooperative Inc during 2022 was $24,200. There are 23 employees at Cherry Todd Electric Cooperative Inc.

Here are 15 key members and their salaries (Cherry Todd Electric Cooperative Inc's CEO's salary is $175,134 and their total compensation is $274,090):

    Timothy W Grablander (Ceo)
  • Compensation: $175,134
  • Related: $0
  • Other: $98,956

    • Kolby Krogman (Line Crew Chief)
  • Compensation: $112,918
  • Related: $0
  • Other: $60,668

    • Theresa Benda (Office Manager)
  • Compensation: $106,201
  • Related: $0
  • Other: $60,561

    • David Piper (Line Foreman)
  • Compensation: $105,943
  • Related: $0
  • Other: $58,095

    • Eliot Hight (Lineman)
  • Compensation: $105,430
  • Related: $0
  • Other: $48,436

    • Connor Venard (Lineman)
  • Compensation: $106,385
  • Related: $0
  • Other: $25,152

    • Justin Brickner (Secretary) [Trustee/Director]
  • Compensation: $9,350
  • Related: $0
  • Other: $0

    • Jerry Fullerton (Director)
  • Compensation: $8,663
  • Related: $0
  • Other: $0

    • Glen Yellow Eagle (Director)
  • Compensation: $6,463
  • Related: $0
  • Other: $0

    • Shawn Bordeaux (President) [Trustee/Director]
  • Compensation: $5,775
  • Related: $0
  • Other: $0

    • Whitney Meek (Treasurer) [Trustee/Director]
  • Compensation: $4,400
  • Related: $0
  • Other: $0

    • Noah Tucker (Vice President) [Trustee/Director]
  • Compensation: $3,575
  • Related: $0
  • Other: $0

    • Dan Valburg (Director)
  • Compensation: $2,750
  • Related: $0
  • Other: $0

    • Amanda Antoine (Director (Beg 09/2022))
  • Compensation: $2,200
  • Related: $0
  • Other: $0

    • Wayne Fredericks (Director (End 09/2022))
  • Compensation: $963
  • Related: $0
  • Other: $0


  • Official website here: www.cherry-todd.com

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

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


    Official website here: www.cherry-todd.com

    Learn more at the official website: www.cherry-todd.com

    Mission Statement of Cherry Todd Electric Cooperative Inc

    Cherry Todd Electric Cooperative Inc, a member-owned cooperative, is dedicated to the mission of distributing electricity to its members in a safe, reliable, and cost-effective manner. The cooperative's primary objective is to ensure the delivery of electricity to its approximately 3,733 members, covering over 2,399 miles of line. Any excess revenues generated are earmarked for return to the members, as determined by the Board of Directors. The cooperative prides itself on providing an essential service that powers homes and businesses, ensuring consistent power supply and affordability for its members.

    Impact

    This information is meant to be a general summary of Cherry Todd 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

    Cherry Todd Electric Cooperative Inc's impact lies in its mission to distribute electricity to its members in a safe, reliable, and cost-effective manner. Serving approximately 3,733 members over 2,399 miles of line in Mission, SD, the cooperative plays a vital role in providing essential energy services to the community. By returning any margins to its members as determined by the board of directors, Cherry Todd Electric Cooperative Inc contributes to the economic well-being and sustainability of its members, emphasizing a commitment to public benefit.





    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: $134,830
  • Program Service Revenue: $15,888,940
  • Gross Receipts: $16,070,049

    • Assets and Liabilities:
  • Total Assets: $52,520,658
  • Total Liabilities: $34,163,446
  • Net Assets: $18,357,212
  • Programs

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

    ELECTRIC SALES

    Revenue

    $14,753,154

    CAPITAL CREDITS

    Revenue

    $1,135,786

    Organization Details

    Founding Year

    1948

    Principal Officer

    Timothy W Grablander

    Main Address

    PO BOX 169, MISSION, SD, 57555

    NTEE Category

    Code: W80 - Public benefit

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