Goldenwest Electric Cooperative

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

EIN: 810216809 ✦ Wibaux, MT ✦ Designated as a 501(c)(12)

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Overview

What is Goldenwest Electric Cooperative?

Goldenwest Electric Cooperative is a rural electric cooperative, situated in Wibaux, Montana. With a modest workforce of ten dedicated individuals, this nonprofit organization is committed to providing essential electrical services and utilities to its members and patrons. Operating as a cooperative, its mission is centered around supplying electricity and related utilities to its community, contributing to the overall well-being and development of the region.

Is Goldenwest Electric Cooperative legitimate?

Goldenwest Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Goldenwest 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: $201,547
Professional Fundraising Fees: $0
Other Salaries and Wages: $322,859

For more financial information, click here

What is the mission statement of Goldenwest Electric Cooperative?

Goldenwest Electric Cooperative serves as a rural electric cooperative, providing electrical services and utilities to its members and patrons. The mission of this cooperative is to supply reliable electrical solutions, ensuring that its community has access to necessary energy resources. By doing so, Goldenwest Electric Cooperative aims to contribute to the overall well-being and development of the region it serves.

Who is the CEO of Goldenwest Electric Cooperative?

Dale Schweigert is the Director of Goldenwest Electric Cooperative.

What is the revenue of Goldenwest Electric Cooperative?

Goldenwest Electric Cooperative's revenue in 2022 was $6,437,033.

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

The average compensation at Goldenwest Electric Cooperative during 2022 was $52,441. There are 10 employees at Goldenwest Electric Cooperative.


Here are 9 key members and their salaries:


John Sokoloski (Manager)
  • Compensation: $175,047
  • Related: $0
  • Other: $0
Cole Olson (Lineman)
  • Compensation: $116,184
  • Related: $0
  • Other: $0
Caleb Naldrett (Lineman)
  • Compensation: $106,656
  • Related: $0
  • Other: $0
Travis Bakken (Lineman)
  • Compensation: $100,019
  • Related: $0
  • Other: $0
Robert Makelky (Director)
  • Compensation: $6,100
  • Related: $0
  • Other: $0
Dale Schweigert (Director)
  • Compensation: $6,000
  • Related: $0
  • Other: $0
Don Maus (Director)
  • Compensation: $5,900
  • Related: $0
  • Other: $0
David Franz (Director)
  • Compensation: $5,600
  • Related: $0
  • Other: $0
Kent Kahl (Director)
  • Compensation: $2,900
  • Related: $0
  • Other: $0
Where can I find the form 990 for Goldenwest Electric Cooperative?

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

Mission Statement of Goldenwest Electric Cooperative

Goldenwest Electric Cooperative, as a rural electric cooperative, is dedicated to supplying electrical services and utilities to its members and patrons. In essence, its mission is to ensure reliable and affordable electricity access for rural communities, fostering economic development and improving the quality of life for its members. By providing electrical services, the cooperative plays a crucial role in powering homes, businesses, and essential community facilities, thereby contributing to the overall well-being of its community.

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Impact




October, 2024

Goldenwest Electric Cooperative plays a crucial role in providing reliable electrical services and utilities to its members and patrons in Wibaux, Montana. By focusing on rural areas, it ensures that communities have access to essential energy resources, fostering economic development and enhancing the quality of life for residents. Its commitment to serving the local population helps bridge the gap in energy accessibility, promoting sustainability and supporting growth in these regions. The cooperative's presence contributes to the overall stability and resilience of the energy grid, making a significant impact on the community's infrastructure and public welfare.




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

Revenue
$6,437,033 (2022)
Expenses
$6,207,702 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $201,299
  • Program Service Revenue: $6,235,734
  • Gross Receipts: $6,437,033

Assets and Liabilities:

  • Total Assets: $21,335,392
  • Total Liabilities: $13,676,055
  • Net Assets: $7,659,337

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Programs

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

SALES OF ELECTRICITY

Revenue

$6,235,734

Organization Details

Founding Year

1942

Principal Officer

Dale Schweigert

Main Address

PO BOX 177, WIBAUX, MT, 59353

NTEE Category

Code: W80 - Public benefit

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