Overview
What is Black Hills Electric Cooperative Inc?
Black Hills Electric Cooperative Inc, based in Custer, South Dakota, is a non-profit, member-owned organization dedicated to delivering electric services to approximately 11,017 rural locations across southwest South Dakota, ensuring continuous power around the clock. Their mission is to offer excellent electric distribution service at the most affordable price, upholding sound business practices. The cooperative employs 29 individuals.
Official website here: www.bhec.coop
What are the reviews and ratings of this charity?
The Black Hills Electric Cooperative Inc is not currently rated by Charity Navigator. The absence of a rating is attributed to the organization's status, as it is not a 501(c)(3) IRS registered nonprofit. Charity Navigator's evaluations primarily cover organizations with this designation and require specific beacon scores related to Accountability & Finance or Impact & Measurement.
The organization's independent status classifies it outside of typical nonprofit categorizations, limiting available financial transparency data such as revenue, expenses, or key personnel salaries. Despite the lack of a comprehensive evaluation, the organization is not implied as either positively or negatively assessed, merely unreviewed under current criteria.
No user reviews are available from GreatNonprofits, thus limiting additional qualitative insights into the organization’s impact or community interaction. Without these reviews, no specific sentiments or experiences from the general public can be shared.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Black Hills Electric Cooperative Inc?
70% of 22 reviewers on Facebook recommend Black Hills Electric Cooperative Inc. Here is a summary of their reviews:
Many users express satisfaction with the cooperative's services, highlighting a strong sense of community and reliable communication. One review specifically mentions fifteen years of superior service, with praise for the friendly, easy, and productive communication from the staff. Customers also appreciate that the cost of power is below the national average, reinforcing the value they receive in their service.
Overall, the sentiment surrounding Black Hills Electric Cooperative Inc is positive, with several patrons feeling fortunate to be part of such a supportive cooperative. The organization seems to deliver on its promises, making a notable impact on its members' satisfaction with both service quality and affordability.
This AI summary has been generated from reviews found on Facebook.
Is Black Hills Electric Cooperative Inc legitimate?
Black Hills Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Black Hills Electric Cooperative Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $441,993
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,582,084
For more financial information, click here
Official website here: www.bhec.coop
What is the mission statement of Black Hills Electric Cooperative Inc?
Black Hills Electric Cooperative is a non-profit entity, owned by its members, dedicated to delivering exceptional electric distribution services at economical costs, aligned with good business principles. Their mission is to ensure reliable electric service to approximately 11,000 locations in a rural area, day in and day out. The cooperative prioritizes the needs of its members, striving to maintain a strong and efficient power grid, while keeping costs as low as possible.
Official website here: www.bhec.coop
Who is the CEO of Black Hills Electric Cooperative Inc?
Walker Witt is the Ceo of Black Hills Electric Cooperative Inc. The CEO's salary of Black Hills Electric Cooperative Inc is $248,244 and their total compensation is $364,995.
Official website here: www.bhec.coop
What is the revenue of Black Hills Electric Cooperative Inc?
Black Hills Electric Cooperative Inc's revenue in 2022 was $27,331,090.
Official website here: www.bhec.coop
Who are the executives of Black Hills Electric Cooperative Inc and what are their salaries?
The average compensation at Black Hills Electric Cooperative Inc during 2022 was $69,796. There are 29 employees at Black Hills Electric Cooperative Inc.
Here are 14 key members and their salaries (Black Hills Electric Cooperative Inc's CEO's salary is $248,244 and their total compensation is $364,995):
- Compensation: $5,822
- Related: $0
- Other: $0
- Compensation: $7,835
- Related: $0
- Other: $0
- Compensation: $5,822
- Related: $0
- Other: $0
- Compensation: $6,443
- Related: $0
- Other: $0
- Compensation: $7,369
- Related: $0
- Other: $0
- Compensation: $6,484
- Related: $0
- Other: $0
- Compensation: $4,756
- Related: $0
- Other: $0
- Compensation: $248,244
- Related: $0
- Other: $116,751
- Compensation: $149,220
- Related: $0
- Other: $66,808
- Compensation: $144,340
- Related: $0
- Other: $81,318
- Compensation: $131,604
- Related: $0
- Other: $77,271
- Compensation: $111,155
- Related: $0
- Other: $67,702
- Compensation: $110,723
- Related: $0
- Other: $64,725
- Compensation: $106,173
- Related: $0
- Other: $46,971
Official website here: www.bhec.coop
Where can I find the form 990 for Black Hills Electric Cooperative Inc?
Black Hills Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bhec.coop
Learn more at the official website: www.bhec.coop
Mission Statement of Black Hills Electric Cooperative Inc
Black Hills Electric Cooperative, a non-profit and member-owned organization, is dedicated to delivering exceptional electric distribution services at the most affordable cost, adhering to sound business practices. The cooperative's primary mission is to ensure reliable electric service to 11,017 locations in rural areas, around the clock every day of the year.
Black Hills Electric Cooperative prides itself on being a member-owned entity. This means that the cooperative exists to serve its members and not for profit. The cooperative's commitment to providing great electric distribution service at the lowest cost is the driving force behind its operations. By keeping costs low, the cooperative ensures that its members receive the best possible value for their electricity.
The cooperative's team of skilled professionals is dedicated to providing top-notch electric services. They work tirelessly to ensure that power is available whenever it is needed and that any disruptions are kept to a minimum. The cooperative's focus on sound business practices ensures that it is financially stable, enabling it to invest in the necessary infrastructure to maintain and improve its electric distribution network. Ultimately, Black Hills Electric Cooperative's mission is to provide its members with the reliable and affordable electric service they need to power their homes and businesses.
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Impact
October, 2024
Black Hills Electric Cooperative Inc. plays a significant role in delivering reliable electric service to the rural communities of the Black Hills and southwestern South Dakota. By servicing 11,017 locations, the cooperative ensures that residents have access to electricity around the clock, enabling both everyday life and local economic activities. The organization strives to maintain a balance between affordability and quality, adhering to sound business practices while focusing on customer needs. Its commitment to providing stable electric distribution services directly contributes to the well-being and development of the community it serves.
This information is meant to be a general summary of Black Hills Electric Cooperative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,790,351
- Program Service Revenue: $25,530,403
- Gross Receipts: $27,467,155
Assets and Liabilities:
- Total Assets: $78,519,547
- Total Liabilities: $44,174,518
- Net Assets: $34,345,029
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Sale of Electricity
Revenue
$23,557,485
G&T Capital Credits
Revenue
$1,276,983
Other Capital Credits
Revenue
$234,004
Pole Attachment Rents
Revenue
$33,038
Transmission Credit
Revenue
$533,981
Organization Details
Founding Year
1940
Phone
(605) 673-4461Principal Officer
Walker Witt
Main Address
PO BOX 792, CUSTER, SD, 577300792
Website
www.bhec.coopNTEE Category
Code: W80 - Public benefit
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