Cam Wal Electric Cooperative Inc

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

EIN: 460217251 ✦ Selby, SD ✦ Designated as a 501(c)(12)

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Overview

What is Cam Wal Electric Cooperative Inc?

Cam Wal Electric Cooperative Inc, established in Selby, South Dakota, is a nonprofit organization dedicated to serving approximately 2,545 members. Their primary mission is to ensure the provision of affordable, secure, and dependable electricity. With a team of 15 dedicated individuals, they work tirelessly to maintain this essential service, contributing to the well-being and comfort of their community. The cooperative's operations are anchored in the belief that access to reliable power is a fundamental necessity, and they strive to uphold this standard in all their endeavors.


Official website here: www.cwec.coop

Is Cam Wal Electric Cooperative Inc legitimate?

Cam Wal Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Cam Wal 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: $376,492
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,031,884

For more financial information, click here


Official website here: www.cwec.coop

What is the mission statement of Cam Wal Electric Cooperative Inc?

Cam Wal Electric Cooperative Inc's mission is centered around providing essential electrical services to its members. This mission is twofold, focusing on ensuring the power supplied is both affordable and reliable. The cooperative prioritizes safety as a fundamental aspect of its operations, ensuring that the power it distributes is safe for its members' use. The primary activity of Cam Wal Electric Cooperative Inc is to provide electric service to approximately 2,545 members.


Official website here: www.cwec.coop

Who is the CEO of Cam Wal Electric Cooperative Inc?

Kenneth Brockel is the President of Cam Wal Electric Cooperative Inc.


Official website here: www.cwec.coop

What is the revenue of Cam Wal Electric Cooperative Inc?

Cam Wal Electric Cooperative Inc's revenue in 2022 was $7,992,919.


Official website here: www.cwec.coop

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

The average compensation at Cam Wal Electric Cooperative Inc during 2022 was $93,892. There are 15 employees at Cam Wal Electric Cooperative Inc.


Here are 15 key members and their salaries:


Kenneth Brockel (President)
  • Compensation: $8,070
  • Related: $0
  • Other: $0
Robert Rausch (Vice President)
  • Compensation: $5,110
  • Related: $0
  • Other: $0
Robert Seyer (Secretary-Treasurer)
  • Compensation: $7,035
  • Related: $0
  • Other: $0
Rod Moon (Asst Secretary)
  • Compensation: $6,935
  • Related: $0
  • Other: $0
Kevin Schmidt (Director)
  • Compensation: $5,840
  • Related: $0
  • Other: $0
Duane Zabel (Director)
  • Compensation: $5,475
  • Related: $0
  • Other: $0
Dwight Rossow (Director)
  • Compensation: $6,205
  • Related: $0
  • Other: $0
Scott Wientjes (Director)
  • Compensation: $5,840
  • Related: $0
  • Other: $0
Jim Simon (Director)
  • Compensation: $6,935
  • Related: $0
  • Other: $0
Terry Keller (General Manager (Until May 22))
  • Compensation: $111,943
  • Related: $0
  • Other: $15,835
Walter Grage (General Manager)
  • Compensation: $124,798
  • Related: $0
  • Other: $81,387
Susan Volk (Office Manager)
  • Compensation: $111,926
  • Related: $0
  • Other: $59,075
Douglas Artz (Operations Manager)
  • Compensation: $102,893
  • Related: $0
  • Other: $54,154
Matt Hein (Operations Foreman)
  • Compensation: $100,943
  • Related: $0
  • Other: $14,267
Oliver Lafave (Electrical Supervisor)
  • Compensation: $105,822
  • Related: $0
  • Other: $14,879


Official website here: www.cwec.coop

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

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


Official website here: www.cwec.coop

Learn more at the official website: www.cwec.coop

Mission Statement of Cam Wal Electric Cooperative Inc

Cam Wal Electric Cooperative Inc, as a mission-driven organization, is committed to providing its members with affordable, safe, and reliable electrical power. This nonprofit's primary objective is to ensure that its members, numbering approximately 2,545, have access to consistent and dependable energy services. By prioritizing affordability, Cam Wal Electric Cooperative Inc aims to make electricity a more accessible resource for its members, thereby contributing to their overall well-being and lifestyle.

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Impact




October, 2024

Cam Wal Electric Cooperative Inc plays a vital role in delivering low-cost, safe, and reliable electricity to its members in Selby, South Dakota. By providing electric service to approximately 2,545 members, the cooperative helps ensure that local communities have access to essential power services, which in turn supports homes, businesses, and local economies. The cooperative’s commitment to affordability and reliability enhances the quality of life for its members, fostering a sense of community while addressing the energy needs of the region. This impact contributes significantly to economic development and the wellbeing of the residents in the area.




This information is meant to be a general summary of Cam Wal 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
$7,992,919 (2022)
Expenses
$7,881,211 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $112,516
  • Program Service Revenue: $7,881,211
  • Gross Receipts: $8,432,435

Assets and Liabilities:

  • Total Assets: $29,433,408
  • Total Liabilities: $17,969,259
  • Net Assets: $11,464,149

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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

$7,390,090

COOP CAPITAL CREDITS

Revenue

$491,121

Organization Details

Founding Year

1945

Principal Officer

Kenneth Brockel

Main Address

PO BOX 135, SELBY, SD, 57472

NTEE Category

Code: W80 - Public benefit

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