Butte Electric Cooperative Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 460115942 ✦ Newell, SD ✦ Designated as a 501(c)(12)

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Overview

What is Butte Electric Cooperative Inc?

Butte Electric Cooperative Inc, situated in Newell, South Dakota, is a nonprofit organization that serves approximately 6,765 consumer accounts. Their primary mission is to enhance customer services, ensuring the delivery of safe, reliable, and competitively priced electricity. The cooperative also strives to lead in the development of its communities, benefiting its members. With a dedicated workforce of 26 individuals, Butte Electric Cooperative Inc is committed to continually improving its services and contributing positively to its community.


Official website here: www.butteelectric.com

Is Butte Electric Cooperative Inc legitimate?

Butte Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Butte 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: $281,108
Professional Fundraising Fees: $0
Other Salaries and Wages: $982,334

For more financial information, click here


Official website here: www.butteelectric.com

What is the mission statement of Butte Electric Cooperative Inc?

Butte Electric Cooperative Inc's mission is centered around improving customer services, ensuring the provision of safe, reliable, and competitively priced electricity, and leading in the development of their communities for the benefit of their members. They are committed to continually enhancing their services, aiming to meet and exceed their customers' expectations. The cooperative also focuses on contributing positively to its communities, working towards the betterment of its member base. Their primary activity involves selling electricity to approximately 6,765 consumer accounts.


Official website here: www.butteelectric.com

Who is the CEO of Butte Electric Cooperative Inc?

Matthew Sleep is the Operations M of Butte Electric Cooperative Inc. The CEO's salary of Butte Electric Cooperative Inc is $0 and their total compensation is $0.


Official website here: www.butteelectric.com

What is the revenue of Butte Electric Cooperative Inc?

Butte Electric Cooperative Inc's revenue in 2022 was $8,803,300.


Official website here: www.butteelectric.com

Who are the executives of Butte Electric Cooperative Inc and what are their salaries?

The average compensation at Butte Electric Cooperative Inc during 2022 was $48,594. There are 26 employees at Butte Electric Cooperative Inc.


Here are 13 key members and their salaries (Butte Electric Cooperative Inc's CEO's salary is $0 and their total compensation is $0):


Brett Fosheim (Operations M)
  • Compensation: $127,638
  • Related: $0
  • Other: $38,533
Bradley Kool (Ceo / Gen Ma)
  • Compensation: $96,003
  • Related: $0
  • Other: $22,686
John Lee (Ceo / Gen Ma)
  • Compensation: $45,528
  • Related: $0
  • Other: $16,359
Cris Miller (President)
  • Compensation: $12,827
  • Related: $0
  • Other: $0
Steve Smeenk (Director)
  • Compensation: $12,743
  • Related: $0
  • Other: $0
Travis Schenk (Treasurer)
  • Compensation: $12,006
  • Related: $0
  • Other: $0
Dan Marrs (Vice-Preside)
  • Compensation: $11,891
  • Related: $0
  • Other: $0
James Mortenson (Asst Secreta)
  • Compensation: $11,437
  • Related: $0
  • Other: $0
Paul Winkler (Director)
  • Compensation: $10,987
  • Related: $0
  • Other: $0
Thomas Brunner (Secretary)
  • Compensation: $10,551
  • Related: $0
  • Other: $0
Dan Hefner (Director)
  • Compensation: $9,684
  • Related: $0
  • Other: $0
Chandy Olson (Director)
  • Compensation: $8,406
  • Related: $0
  • Other: $0
Matthew Sleep (Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.butteelectric.com

Where can I find the form 990 for Butte Electric Cooperative Inc?

Butte Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.butteelectric.com

Learn more at the official website: www.butteelectric.com

Mission Statement of Butte Electric Cooperative Inc

Butte Electric Cooperative Inc, a dedicated organization, is committed to continually enhancing customer services. Their primary mission is to ensure the provision of safe, reliable, and competitively priced electricity. Beyond this, they aim to lead in the development of their communities for the benefit of their members. This mission reflects their dedication to serving their customers effectively while contributing positively to the communities they operate in. The cooperative sells electricity to around 6,765 consumer accounts, demonstrating their reach and impact in the energy sector.

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Impact




October, 2024

Butte Electric Cooperative Inc significantly impacts the region by providing safe, reliable, and competitively priced electricity to approximately 6,765 consumer accounts in Newell, South Dakota. The cooperative is committed to continually improving customer services, ensuring that the needs of its members are met efficiently. By focusing on community development, Butte Electric plays a vital role in fostering economic growth and enhancing the quality of life for its members. This commitment not only supports individual households but also strengthens the overall community, making it a pivotal entity in the region's infrastructure and progress.




This information is meant to be a general summary of Butte 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.

Revenue
$8,803,300 (2022)
Expenses
$7,332,138 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$67,589
  • Program Service Revenue: $999,095
  • Gross Receipts: $17,038,013

Assets and Liabilities:

  • Total Assets: $67,085,807
  • Total Liabilities: $42,674,930
  • Net Assets: $24,410,877

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

G&T CAPITAL CREDITS

Revenue

$912,002

OTHER CAPITAL CREDITS

Revenue

$87,093

Organization Details

Founding Year

1940

Principal Officer

Matthew Sleep

Main Address

PO BOX 137, NEWELL, SD, 577600137

NTEE Category

Code: W80 - Public benefit

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