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
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 not tax deductible.
Here 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
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):
- Walker Witt (Ceo)
- Sammi Langendorf (Cfo)
- Bill Brisk (Mng Of Operations)
- Jesse Sorenson (System Coordinator)
- Jeff Barnes (It Specialist)
- Dean Whitney (Crew Foreman)
- Beau Bradeen (Crew Foreman)
- Thad Wasson (Director)
- Dennis Quivey (Board President) [Trustee/Director]
- Gary Kluthe (Board Treasurer) [Trustee/Director]
- Alan Bishop (Director)
- Jim Preston (Board Vice President) [Trustee/Director]
- Don Andersen (Board Secretary) [Trustee/Director]
- David Lindblom (Board Asst Secretary) [Trustee/Director]
Official website here: www.bhec.coop
Where can I find the form 990 for Black Hills Electric Cooperative Inc?
The 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.
Impact
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.
Thursday, August 15, 2024
Black Hills Electric Cooperative Inc's impact is evident in its provision of reliable electric distribution service to 11,017 service locations in the rural area of the Black Hills and southwest South Dakota 24 hours each day of the year. This ensures that residents in these areas have access to essential electricity services consistently. By prioritizing cost-effectiveness and sound business practices, Black Hills Electric Cooperative Inc plays a crucial role in supporting the community's infrastructure and well-being.
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.
- Assets and Liabilities:
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) 673-4461
Principal Officer
Walker Witt
Main Address
PO BOX 792, CUSTER, SD, 577300792
Website
www.bhec.coop
NTEE Category
Code: W80 - Public benefit
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