Public Charity

KINGSBURY ELECTRIC COOPERATIVE INC

Based in DE SMET, SD, KINGSBURY ELECTRIC COOPERATIVE INC operates as a Public Charity. The organization reported $4.2M in revenue, $4.2M in expenses, $12.5M in total assets for fiscal year 2024.

EIN: 460215043 DE SMET, SD Latest filing: 2024

Total Revenue$4.2M

Total Expenses$4.2M

Total Assets$12.5M

Grant Records0

Filing Years2019–2024

Mission

THE MISSION OF KINGSBURY ELECTRIC COOPERATIVE, INC. IS TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM'S SERVICE AREA AT THE LOWEST PRICE CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE; TO DEVELOP AND MAINTAIN A STRONG FINANCIAL STRUCTURE, PROVIDING ADEQUATE FUNDING AND CAPITAL TO COVER COOPERATIVE OBLIGATIONS AND FUTURE DEVELOPMENT; TO ADVISE AND INFORM MEMBERS AND EMPLOYEES OF COOPERATIVE DEVELOPMENTS AND OPERATIONS; AND TO PROVIDE FOR SAFE AND EFFICIENT OPERATIONS OF THE SYSTEM.

Officers & Directors

VICE PRESIDENT Alan Vedvei

DIRECTOR UNTIL 05/2024 Dave Heller

PRESIDENT Dean Bjorklund

GENERAL MANAGER Evan Buckmiller

DIRECTOR FROM 07/2024 Gary Pastian

DIRECTOR Greg Noem

Officer compensation and complete director data available with membership.

Financial Trends

Year	Revenue	Expenses	Assets
2024	$4.2M	$4.2M	$12.5M
2023	$3.8M	$3.8M	$12.0M
2022	$3.7M	$3.7M	$10.8M
2020	$3.5M	$3.5M	$10.1M
2019	$3.7M	$3.9M	$9.5M

Between 2019 and 2024, reported annual revenue grew from $3.7M to $4.2M (+13%), with total assets most recently reported at $12.5M.

Interactive year-over-year charts and full filing details available with membership.

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