EAST RIVER ELECTRIC POWER COOPERATIVE INC | RURAL ELECTRIC ECONOMIC DEVELOPMENT INC | REED FUND

MADISON, SD | Lake County
Economic Development

Overview

EAST RIVER ELECTRIC POWER COOPERATIVE INC | RURAL ELECTRIC ECONOMIC DEVELOPMENT INC | REED FUND
46-0225402
211 S HARTH AVE
MADISON, SD 57042
Lake County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Economic Development
Nonprofit location info
  • Opportunity Zone
Awards & Certifications info
  • CDFI Organization
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
-

Not reported

IRS Activity Codes info
279
Other services or benefits to members or employees
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
-
Not reported

CRA Alignment

CRA Category info
Economic Development
Workforce development, job training, and small business or startup support.
What does it mean for a nonprofit to be CRA aligned?
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Awards & Certifications info
Community Development Financial Institution info
Date Certified info
Not reported
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$293.6M
Revenue
$293.6M
Assets
$592.3M
Exempt Ruling Date info
1957-06
Deductibility Status info
Not Deductible
Last Tax Filing info
2019
Organization Type info
Co-operative
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
States Where Tax Return is Filed info
Not reported
Basis for Foundation/Public Charity Status info
All organizations except 501(c)(3)

Nonprofit Location

Physical Address info
211 S HARTH AVE
MADISON, SD 57042
Lake County
Area Type info
Not in a Metropolitan or Micropolitan Statistical Area
FIPS Geocoded Address info
NA
MSA/MD info
46
State info
079
County info
9602.01
Tract info
Middle
Income Level info
Core-Based Statistical Area info
Not located in a CBSA.
Combined Statistical Area info
Not located in a CSA.
Metropolitan Division info
Not located in an MD.
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 14.98%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
9602.01 Lake County
Population
Total Population 2,463 12,747
Total Households 1,127 4,712
Income
Median Family Income (Census*) $60,938 $63,165
Median Family Income (2022 FFIEC est.) $81,200 N/A
Tract Income Percentage 83.38% N/A
Below Poverty Level 31.2% 11.1%
Unemployment Level 5.9% 3.3%
Housing
Total Housing Units 1,297 5,824
Total Owner-Occupied Units 33.5% 73.9%
Total Renter-Occupied Units 53.4% 26.1%
Total Vacant Units 13.1% 5.8%
* Census tract income based on 2020 Census estimated data; County income based on 2020 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

22
Total Voting Members
in Governing Body
info
22
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Thomas R Boyko
Chief Executive Officer & General Manager
(605) 256-4536
Principal Officer info
Thomas R Boyko
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.