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Organizations Douglas Electric Cooperative Inc.

Douglas Electric Cooperative Inc.

Fiscal year ending 2024. Filed on March 27, 2025.

27913 Us Highway 281
Armour, South Dakota 57313

Douglas Electric Cooperative Inc. (EIN: 46-0217086) has filed an IRS Form 990 since fiscal year 2020. In its fiscal year 2024 IRS Form 990 filing, Douglas Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 1 out of 7 total employees. Among the employees shown here, the average compensation is $150,895. The highest compensated employee at Douglas Electric Cooperative Inc. is Jay Spaans with fiscal year 2024 compensation of $150,895.

Revenue, expenses, and employee compensation

Revenue

$3,350,147

Expenses

$3,350,147

Employee compensation

$1,012,540
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Jay Spaans
Manager
$150,895
$98,566 $52,329 No other comp

Benchmark Employee Compensation

Non-Employee Board Members

Larry vander Ley
Vice President
$7,325
$7,325 No related compNo other comp
Blake Ligtenberg
Treasurer
$6,425
$6,425 No related compNo other comp
Wayne Lefers
President
$4,750
$4,750 No related compNo other comp
Joel Baier
Secretary
$4,475
$4,475 No related compNo other comp
Eric Neugebauer
Director
$3,875
$3,875 No related compNo other comp

Mission Statement

Dedicated to provide safe, low cost, reliable electricity to all our members.

Revisions to this organization profile

March 27, 2025:
2024 Douglas Electric Cooperative Inc. 990 filed
March 20, 2024:
2023 Douglas Electric Cooperative Inc. 990 filed
March 22, 2023:
2022 Douglas Electric Cooperative Inc. 990 filed

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