Charles Mix Electric Association Inc

Organization Overview

Charles Mix Electric Association Inc is located in Lake Andes, SD. The organization was established in 1948. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Charles Mix Electric Association Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charles Mix Electric Association Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.

For the year ending 12/2021, Charles Mix Electric Association Inc generated $5.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $4.4m during the year ending 12/2021. While expenses have increased by 3.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO SERVE THE BEST INTEREST OF OUR MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SALE OF ELECTRICITY TO 2,694 MEMBERS. PUBLISH AND DISTRIBUTE NEWSLETTER TO MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Russell Gall
General Mana
$133,569
Donald Krcil
Secretary
$7,690
Ron Samuelson
Director
$6,440
Brice Bultje
Director
$5,940
Sam Schuman
Vice Preside
$5,440
Richard Dvorak
President
$5,440

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $21,076
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $4,539,498
Miscellaneous Revenue$0
Total Revenue $4,977,971

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Charles Mix Electric Association Inc has recieved totaling $10,361.

Awarding OrganizationAmount
National Rural Utilities Cooperative Finance Corp

Dulles, VA

PURPOSE: INTEGRITY FUND - TERRITORY THREAT

$10,361
View Grant Recipient Profile

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