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Salem Electric

Organization summary

Type of Nonprofit

Designated as a Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$34M (2023)

Expenses
$34M (2023)

Total Assets
$79M (2023)

Total Liabilities
$18.3M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$34,024,045
Expenses
$34,024,045
Net Income
$0
Net Assets
$60,683,921
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $33,460,039
98.3%
Investment Income $481,871
1.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $82,135
0.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $946,188
2.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $78,984,400
Total Liabilities $18,300,479
Net Assets $60,683,921
Club or Co-Op Income
Income From Members $33,294,651
Income From Other Sources $505,506
Compensation
Key Employees and Officers Compensation Related Other
Anthony Schacher (General Manager) $318,557 $0 $70,249
Jonathan Phillips (Engineering And Operations Manager) $225,857 $0 $58,475
Michael Richman (Information Technology Manager) $213,140 $0 $57,316
Christopher Krieck (Administrative Services Manager) $212,091 $0 $56,764
Darin Jacobsen (Meter Apparatus Tech Lead Ii) $193,679 $0 $38,319
Brian Aicher (Line Superintendent) $186,256 $0 $43,700
Adam Deshon (Engineer) $185,643 $0 $53,079
Jacob Knudsen (Member Services Manager) $179,426 $0 $44,585
Jeff Anderson (President) $11,650 $0 $0
Tim Klarr (Director) $8,773 $0 $0
Jan Bargen (Director) $8,315 $0 $0
Dave Bauer (Secretary/Treasurer) $7,503 $0 $0
Joe Van Meter (Director) $7,333 $0 $0
John Taylor (Director) $5,425 $0 $0
Angie Villery (Vice President) $4,135 $0 $0
Cindy Gruber Condon (Director) $1,795 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$33,158,579
Expenses
$33,158,579
Net Income
$0
Net Assets
$54,923,135
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $32,999,938
99.5%
Investment Income $132,500
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $26,141
0.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $895,217
2.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $74,755,848
Total Liabilities $19,832,713
Net Assets $54,923,135
Club or Co-Op Income
Income From Members $32,971,188
Income From Other Sources $159,252
Compensation
Key Employees and Officers Compensation Related Other
Anthony Schacher (General Manager) $295,650 $0 $65,879
Jonathan Phillips (Engineering And Operations Manager) $220,979 $0 $56,986
Michael Richman (Information Technology Manager) $201,164 $0 $54,571
Christopher Krieck (Administrative Services Manager) $198,970 $0 $53,831
Jacob Knudsen (Member Services Manager) $178,834 $0 $43,785
Zachary Dillingham (Foreman) $175,575 $0 $50,651
Brian Aicher (Line Superintendent) $173,464 $0 $41,327
Eric Weekly (Journeyman Lineman) $172,341 $0 $34,934
Angie Onyewuchi (Director) $10,483 $0 $0
Jeff Anderson (Secretary/Treasurer) $10,155 $0 $0
Dave Bauer (Vice President) $7,795 $0 $0
Joe Van Meter (President) $7,593 $0 $0
Jan Bargen (Director) $6,420 $0 $0
Cindy Gruber Condon (Director) $5,935 $0 $0
Tim Klarr (Director) $4,565 $0 $0
Gerard Berger (Director) $2,389 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$31,105,436
Expenses
$31,105,436
Net Income
$0
Net Assets
$49,078,711
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $31,124,404
> 100%
Investment Income $64,507
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$83,475
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $839,299
2.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $70,962,090
Total Liabilities $21,883,379
Net Assets $49,078,711
Club or Co-Op Income
Income From Members $31,202,844
Income From Other Sources $170,159
Compensation
Key Employees and Officers Compensation Related Other
Anthony Schacher (General Manager) $265,803 $0 $60,815
Shannon Rockne (Engineering Technician) $250,233 $0 $48,181
Jonathan Phillips (Engineering And Operations Manager) $196,082 $0 $50,846
Edward Johnson (Apparatus Technician) $194,272 $0 $31,025
Christopher Krieck (Administrative Services Manager) $182,216 $0 $48,981
Jon Charnetzki (Foreman) $180,999 $0 $37,594
Michael Richman (Information Technology Manager) $179,451 $0 $49,781
Zachary Dillingham (Foreman) $178,079 $0 $44,376
Jeff Anderson (Director) $6,013 $0 $0
Angie Onyewuchi (Director) $5,381 $0 $0
Dave Bauer (President) $5,306 $0 $0
Joe Van Meter (Vice President) $5,106 $0 $0
Cindy Gruber Condon (Director) $4,669 $0 $0
Gerard Berger (Secretary/Treasurer) $4,575 $0 $0
Jan Bargen (Director) $3,506 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$30,695,715
Expenses
$30,695,715
Net Income
$0
Net Assets
$44,426,048
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,000,000
3.3%
Program Services $29,812,244
97.1%
Investment Income $129,193
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$245,722
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $805,982
2.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $68,651,038
Total Liabilities $24,224,990
Net Assets $44,426,048
Club or Co-Op Income
Income From Members $29,845,134
Income From Other Sources $129,193
Compensation
Key Employees and Officers Compensation Related Other
Anthony Schacher (General Manager) $256,168 $0 $59,245
Jonathan Phillips (Engineering And Operations Manager) $185,344 $0 $49,182
Jon Charnetzki (Foreman) $170,073 $0 $36,416
Christopher Krieck (Administrative Services Manager) $169,398 $0 $47,337
Michael Richman (Information Technology Manager) $168,756 $0 $48,331
Edward Johnson (Apparatus Technician) $159,391 $0 $34,627
Brian Aicher (Line Superintendent) $158,362 $0 $37,543
Zachary Dillingham (Foreman) $157,040 $0 $42,804
Dave Bauer (President) $6,844 $0 $0
Joe Van Meter (Vice President) $6,719 $0 $0
Jan Bargen (Director) $5,719 $0 $0
Angie Onyewuchi (Director) $4,794 $0 $0
Gerard Berger (Secretary/Treasurer) $4,731 $0 $0
Cindy Gruber Condon (Director) $4,713 $0 $0
Jeff Anderson (Director) $4,069 $0 $0
Alicia Bonesteele (Director) $1,719 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$28,823,996
Expenses
$28,823,996
Net Income
$0
Net Assets
$45,054,268
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $29,012,141
> 100%
Investment Income $221,045
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$409,190
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $763,399
2.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $64,567,988
Total Liabilities $19,513,720
Net Assets $45,054,268
Club or Co-Op Income
Income From Members $29,129,718
Income From Other Sources $222,102

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$28,407,393
Expenses
$28,407,393
Net Income
$0
Net Assets
$46,095,648
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $28,446,181
> 100%
Investment Income $180,228
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$219,016
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,246,382
4.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $63,838,786
Total Liabilities $17,743,138
Net Assets $46,095,648
Club or Co-Op Income
Income From Members $28,356,809
Income From Other Sources $180,228

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$29,476,954
Expenses
$29,476,954
Net Income
$0
Net Assets
$42,350,414
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $29,401,910
99.7%
Investment Income $156,173
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$81,129
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $976,036
3.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $61,464,438
Total Liabilities $19,114,024
Net Assets $42,350,414
Club or Co-Op Income
Income From Members $29,345,408
Income From Other Sources $186,941

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$28,112,328
Expenses
$28,112,328
Net Income
$0
Net Assets
$40,395,560
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $27,935,360
99.4%
Investment Income $167,799
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $9,169
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $798,753
2.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $57,114,664
Total Liabilities $16,719,104
Net Assets $40,395,560
Club or Co-Op Income
Income From Members $27,885,926
Income From Other Sources $176,968

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$26,123,164
Expenses
$26,123,164
Net Income
$0
Net Assets
$38,262,593
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $25,961,413
99.4%
Investment Income $148,653
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $13,098
0.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $534,146
2.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $55,686,485
Total Liabilities $17,423,892
Net Assets $38,262,593
Club or Co-Op Income
Income From Members $25,914
Income From Other Sources $161,751

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$26,155,331
Expenses
$26,155,331
Net Income
$0
Net Assets
$39,814,655
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $26,019,598
99.5%
Investment Income $156,349
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$20,616
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $793,006
3.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $54,712,509
Total Liabilities $14,897,854
Net Assets $39,814,655
Club or Co-Op Income
Income From Members $25,969,841
Income From Other Sources $135,733

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$25,615,660
Expenses
$25,615,660
Net Income
$0
Net Assets
$39,305,979
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $25,536,162
99.7%
Investment Income $79,498
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $721,182
2.8%
Professional Fundraising Fees $0
Other Salaries and Wages $496,891
1.9%
Assets/Debt
Total Assets $53,464,604
Total Liabilities $14,158,625
Net Assets $39,305,979
Club or Co-Op Income
Income From Members $25,494,464
Income From Other Sources $79,498

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$24,832,971
Expenses
$24,832,971
Net Income
$0
Net Assets
$38,251,469
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $24,703,310
99.5%
Investment Income $128,987
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $674
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $678,794
2.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $51,572,038
Total Liabilities $13,320,569
Net Assets $38,251,469
Club or Co-Op Income
Income From Members $24,654,247
Income From Other Sources $129,661

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$23,252,829
Expenses
$23,252,829
Net Income
$0
Net Assets
$36,468,487
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $23,119,705
99.4%
Investment Income $127,896
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $5,228
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $462,426
2.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $49,535,667
Total Liabilities $13,067,180
Net Assets $36,468,487
Club or Co-Op Income
Income From Members $23,081,944
Income From Other Sources $133,124

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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