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Filing year 2024

SOUTHEASTERN ELECTRIC COOPERATIVE INC

Lennox, South Dakota·EIN 46-0454373·NTEE Y22 · Mutual & Membership Benefit·501(c)(12)
Total revenue
$87.6M
Total assets
$265.1M
Total expenses
$87.6M
Reported officers
17
Mission

MEMBER FOCUSED. MEMBER DRIVEN. AS A NON-PROFIT ELECTRIC COOPERATIVE, WE ARE HERE TO SERVE THE MEMBERS OF THE COOPERATIVE WITH RELIABLE, QUALITY AND AFFORDABLE ELECTRIC SERVICE AND TO DO THAT WE ARE FOCUSED ON THEIR NEEDS AND DESIRES.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 17 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Mutual & Membership Benefit organizations nationwide.

CEO
Above 90th percentile
$384k
$413k
Base
$324k
Bonus
Other
$3k
Benefits
$40k
VP of Operations & Engineering
Board Vice President
Above 90th percentile
$289k
$311k
Base
$183k
Bonus
Other
$3k
Benefits
$38k
Line Superintendent
Highest Compensated Employee
75th to 90th percentile
$280k
$301k
Base
$152k
Bonus
$600
Other
$1k
Benefits
$41k
VP of Information Technology
Board Vice President
75th to 90th percentile
$227k
$244k
Base
$163k
Bonus
Other
$7k
Benefits
$38k
CFO
75th to 90th percentile
$216k
$233k
Base
$158k
Bonus
Other
$601
Benefits
$42k
Line Superintendent
Highest Compensated Employee
Median to 75th percentile
$206k
$222k
Base
$137k
Bonus
Other
$401
Benefits
$42k
Line Superintendent
Highest Compensated Employee
Median to 75th percentile
$184k
$198k
Base
$135k
Bonus
$1k
Other
$5k
Benefits
$29k
Line Superintendent
Highest Compensated Employee
Median to 75th percentile
$183k
$196k
Base
$132k
Bonus
Other
$2k
Benefits
$39k
Director
Board Member
25th percentile to median
$17k
$19k
Secretary
Officer (Unspecified)
$15k
$16k
Director
Board Member
25th percentile to median
$15k
$16k
Vice President
Median to 75th percentile
$14k
$15k
President
25th percentile to median
$13k
$14k
Director
Board Member
25th percentile to median
$13k
$13k
Director
Board Member
25th percentile to median
$12k
$13k
Treasurer
Officer (Unspecified)
$11k
$12k
Director
Board Member
25th percentile to median
$11k
$12k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Browse compensation in Mutual & Membership Benefit

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at SOUTHEASTERN ELECTRIC COOPERATIVE INC equaled 0.4% of the organization's total expenses. The median for mutual & membership benefit organizations is 4%.

This organization (2024)
0.4%
Sector median
4%
Middle half of sector
0.9% to 13%

Based on 1,353 mutual & membership benefit organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 10%
from 2023

From $348k in 2023 to $384k in 2024.

$348k
2023
$384k
2024
In today's dollarsEst.
Up 8% in real terms$384k to $413k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 112% from 2023 to 2024, while revenue rose 7%.

$181k in 2023 to $384k in 2024.
  • Highest Compensated Employee pay rose 10% from 2023 to 2024.
  • Chief Financial Officer pay rose 7% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about SOUTHEASTERN ELECTRIC COOPERATIVE INC

What does the Chief Executive Officer of SOUTHEASTERN ELECTRIC COOPERATIVE INC earn?

In 2024, the Chief Executive Officer of SOUTHEASTERN ELECTRIC COOPERATIVE INC received $384,349 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Mutual & Membership Benefit organizations nationwide: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at SOUTHEASTERN ELECTRIC COOPERATIVE INC compare with similar nonprofits?

Compared with the same role at Mutual & Membership Benefit organizations nationwide, the 2024 pay of the Chief Executive Officer at SOUTHEASTERN ELECTRIC COOPERATIVE INC falls in the top 10%. In 2024, the highest total compensation at SOUTHEASTERN ELECTRIC COOPERATIVE INC equaled 0.4% of the organization's total expenses. The median for mutual & membership benefit organizations is 4%.

What are SOUTHEASTERN ELECTRIC COOPERATIVE INC's revenue and expenses?

In 2024, SOUTHEASTERN ELECTRIC COOPERATIVE INC reported $87.6M in total revenue and $87.6M in total expenses on its IRS Form 990.

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