Overview
What is Whetstone Valley Electric Cooperative?
Whetstone Valley Electric Cooperative is a nonprofit organization situated in Milbank, South Dakota. With a primary focus on serving rural communities, their mission is to improve the quality of life by delivering high-quality, reliable electricity and services. They cater to approximately 2,696 members, maintaining an extensive network of 1,461 miles of electrical lines. The cooperative's workforce comprises 25 dedicated individuals, all committed to ensuring the cooperative's members receive top-notch service and value.
Official website here: www.whetstone.coop
Is Whetstone Valley Electric Cooperative legitimate?
Whetstone Valley Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Whetstone Valley Electric Cooperative 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: $260,028
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,643,053
For more financial information, click here
Official website here: www.whetstone.coop
What is the mission statement of Whetstone Valley Electric Cooperative?
Whetstone Valley Electric Cooperative's mission is centered around improving the quality of life in its community. They strive to achieve this by delivering the highest level of service, quality, and value in electricity, distribution, and associated services. The cooperative's primary objective is to provide electricity to its rural members, serving approximately 2,696 households and maintaining an extensive network of 1,461 miles of lines.
Official website here: www.whetstone.coop
Who is the CEO of Whetstone Valley Electric Cooperative?
David K Page is the President of Whetstone Valley Electric Cooperative.
Official website here: www.whetstone.coop
What is the revenue of Whetstone Valley Electric Cooperative?
Whetstone Valley Electric Cooperative's revenue in 2022 was $11,362,354.
Official website here: www.whetstone.coop
Who are the executives of Whetstone Valley Electric Cooperative and what are their salaries?
The average compensation at Whetstone Valley Electric Cooperative during 2022 was $76,123. There are 25 employees at Whetstone Valley Electric Cooperative.
Here are 10 key members and their salaries:
- Compensation: $8,424
- Related: $0
- Other: $0
- Compensation: $7,403
- Related: $0
- Other: $0
- Compensation: $8,118
- Related: $0
- Other: $0
- Compensation: $4,192
- Related: $0
- Other: $0
- Compensation: $5,985
- Related: $0
- Other: $0
- Compensation: $3,780
- Related: $0
- Other: $0
- Compensation: $7,560
- Related: $0
- Other: $0
- Compensation: $5,828
- Related: $0
- Other: $0
- Compensation: $5,355
- Related: $0
- Other: $0
- Compensation: $138,724
- Related: $0
- Other: $108,477
Official website here: www.whetstone.coop
Where can I find the form 990 for Whetstone Valley Electric Cooperative?
Whetstone Valley Electric Cooperative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.whetstone.coop
Learn more at the official website: www.whetstone.coop
Mission Statement of Whetstone Valley Electric Cooperative
Whetstone Valley Electric Cooperative, a nonprofit organization, is dedicated to improving the quality of life in its community. Its primary mission is to provide the highest level of service, quality, and value in electricity, distribution, and related services. The cooperative achieves this by supplying electricity to approximately 2,696 rural members and maintaining an extensive network of 1,461 miles of power lines. By offering reliable and efficient electric service, Whetstone Valley Electric Cooperative contributes to enhancing the living standards of its members, thereby playing a significant role in the betterment of the community.
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Impact
October, 2024
Whetstone Valley Electric Cooperative plays a vital role in enhancing the quality of life in its community by delivering reliable electricity to its members in rural areas. Serving approximately 2,696 members, the cooperative maintains an extensive network of 1,461 miles of electrical lines, ensuring that power reaches even the most remote locations. Their commitment to providing the highest level of service, quality, and value enables residents and businesses in Milbank, SD, to access the energy they need for daily activities, economic development, and overall community well-being. By prioritizing public benefit, Whetstone Valley Electric Cooperative directly contributes to the growth and sustainability of the local economy.
This information is meant to be a general summary of Whetstone Valley Electric Cooperative. 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: $22,091
- Program Service Revenue: $11,245,061
- Gross Receipts: $12,799,872
Assets and Liabilities:
- Total Assets: $39,780,870
- Total Liabilities: $25,895,093
- Net Assets: $13,885,777
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF POWER
Revenue
$10,408,641
CAPITAL CREDITS
Revenue
$811,819
Organization Details
Founding Year
1940
Phone
(605) 432-5331Principal Officer
David K Page
Main Address
PO BOX 512, MILBANK, SD, 57252
Website
www.whetstone.coopNTEE Category
Code: W80 - Public benefit
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