Yellowstone Valley Electric Cooperative Inc

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

EIN: 810211565 ✦ Huntley, MT ✦ Designated as a 501(c)(12)

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Overview

What is Yellowstone Valley Electric Cooperative Inc?

Yellowstone Valley Electric Cooperative Inc, a rural electric utility based in Huntley, Montana, operates on a non-profit basis, serving approximately 18,228 members and patrons in the central region of Montana. The cooperative, with a team of 58 employees, is dedicated to providing essential electrical power and utility services to its community. Exempt under section 501 (C) (12), Yellowstone Valley Electric Cooperative is established with a mission to ensure reliable access to electricity for its members in the heart of Montana.


Official website here: www.yvec.com

Is Yellowstone Valley Electric Cooperative Inc legitimate?

Yellowstone Valley Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Yellowstone Valley 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: $714,816
Professional Fundraising Fees: $0
Other Salaries and Wages: $52,162

For more financial information, click here


Official website here: www.yvec.com

What is the mission statement of Yellowstone Valley Electric Cooperative Inc?

Yellowstone Valley Electric Cooperative Inc is a non-profit organization that serves as a rural electric utility, providing electrical power and essential utility services to its members and patrons. Established with the mission to power rural communities, the cooperative operates in the central portion of Montana, catering to approximately 18,228 individuals. Through its operations, Yellowstone Valley Electric Cooperative ensures the delivery of reliable electricity to enhance the daily lives of those it serves. The organization's primary focus lies in maintaining and expanding its electrical infrastructure to meet the growing energy needs of its members. Additionally, the cooperative invests in renewable energy sources and energy efficiency initiatives to ensure a sustainable energy future for the communities it serves.


Official website here: www.yvec.com

Who is the CEO of Yellowstone Valley Electric Cooperative Inc?

Brandon Wittman is the Principal Officer of Yellowstone Valley Electric Cooperative Inc.


Official website here: www.yvec.com

What is the revenue of Yellowstone Valley Electric Cooperative Inc?

Yellowstone Valley Electric Cooperative Inc's revenue in 2022 was $40,035,298.


Official website here: www.yvec.com

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

The average compensation at Yellowstone Valley Electric Cooperative Inc during 2022 was $13,224. There are 58 employees at Yellowstone Valley Electric Cooperative Inc.


Here are 15 key members and their salaries:


Dave Kelsey (Secretary-Treasurer)
  • Compensation: $54,885
  • Related: $0
  • Other: $0
Daniel R Swartz (President)
  • Compensation: $30,959
  • Related: $0
  • Other: $0
Richard A Weldon (Director (Part Year))
  • Compensation: $2,263
  • Related: $0
  • Other: $0
Jwilliam Keller (Director)
  • Compensation: $10,752
  • Related: $0
  • Other: $0
Larry Kaufman (Vice President)
  • Compensation: $27,219
  • Related: $0
  • Other: $0
Greg Neibauer (Director)
  • Compensation: $20,800
  • Related: $0
  • Other: $0
Scott Hofferber (Assistant Secretary/Treasu)
  • Compensation: $31,294
  • Related: $0
  • Other: $0
Chris White (Director)
  • Compensation: $9,910
  • Related: $0
  • Other: $0
Brandon J Wittman (General Manager)
  • Compensation: $302,779
  • Related: $0
  • Other: $112,736
Mariah Wittman (Controller)
  • Compensation: $84,759
  • Related: $0
  • Other: $26,460
Mike Stookey (Lineman)
  • Compensation: $165,438
  • Related: $0
  • Other: $71,401
Dan Shaules (Lineman)
  • Compensation: $176,907
  • Related: $0
  • Other: $60,609
Monti Wetsch Shaules (Office Manager)
  • Compensation: $158,136
  • Related: $0
  • Other: $59,587
James Webber (Engineer)
  • Compensation: $152,417
  • Related: $0
  • Other: $71,987
Jerome Wandler (Lineman)
  • Compensation: $146,121
  • Related: $0
  • Other: $66,618


Official website here: www.yvec.com

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

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


Official website here: www.yvec.com

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

Mission Statement of Yellowstone Valley Electric Cooperative Inc

Yellowstone Valley Electric Cooperative Inc, a non-profit rural electric utility, is dedicated to providing electrical power and utility services to its members and patrons residing in the central portion of Montana. Established with a mission to serve, this cooperative focuses on delivering essential energy resources to approximately 18,228 individuals in the region.

In simple terms, Yellowstone Valley Electric Cooperative Inc was formed with the primary goal of bringing electricity to the rural communities in central Montana. By operating on a non-profit basis, the organization aims to ensure affordability and accessibility to its vital services. The cooperative's resources and activities are all geared towards fulfilling this mission, making a significant difference in the lives of its members.

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Impact




October, 2024

Yellowstone Valley Electric Cooperative Inc plays a crucial role in the central portion of Montana by delivering reliable electrical power and utility services to approximately 18,228 members and patrons. By operating as a rural electric utility, it ensures that communities have access to essential energy resources, which supports both residential and business activities.

The cooperative's mission extends beyond simply providing electricity; it fosters economic development and enhances the quality of life for residents in the region. By focusing on member-centered service, Yellowstone Valley Electric Cooperative nurtures a strong sense of community while promoting sustainability and efficient energy use. Furthermore, its operational activities help to drive local economies and support various initiatives, making it a vital component of Montana's infrastructure.




This information is meant to be a general summary of Yellowstone Valley 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
$40,035,298 (2022)
Expenses
$39,185,832 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $50,767
  • Program Service Revenue: $38,968,537
  • Gross Receipts: $40,035,298

Assets and Liabilities:

  • Total Assets: $90,179,359
  • Total Liabilities: $60,998,121
  • Net Assets: $29,181,238

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Programs

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

UTILITIES & SERVICES

Revenue

$38,968,537

Organization Details

Founding Year

1937

Principal Officer

Brandon Wittman

Main Address

PO BOX 249, HUNTLEY, MT, 590370249

NTEE Category

Code: W80 - Public benefit

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