Southeast Electric Cooperative Inc

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

EIN: 810228814 ✦ Ekalaka, MT ✦ Designated as a 501(c)(12)

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Overview

What is Southeast Electric Cooperative Inc?

Southeast Electric Cooperative Inc, located in Ekalaka, MT, is a dedicated nonprofit organization committed to serving its members. Their primary mission is to ensure the provision of safe, reliable, and affordable energy. They achieve this by constructing and maintaining distribution and transmission power lines, as well as purchasing power to distribute. The cooperative's ethos is rooted in cooperation, community involvement, and local control. This approach allows them to better understand and cater to the needs of their members, ultimately aiming to improve their quality of life and create a more promising future for all.


Official website here: www.seecoop.com

Is Southeast Electric Cooperative Inc legitimate?

Southeast Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Southeast 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: $512,387
Professional Fundraising Fees: $0
Other Salaries and Wages: $819,105

For more financial information, click here


Official website here: www.seecoop.com

What is the mission statement of Southeast Electric Cooperative Inc?

Southeast Electric Cooperative Inc's mission is centered around providing its members with safe, reliable, and affordable energy. They achieve this through dedication, cooperation, community involvement, and local control. This cooperative aims to enhance the quality of life for its members and contribute to a brighter future. They accomplish this by implementing innovations and overseeing the construction and maintenance of power lines for distribution and transmission of energy.


Official website here: www.seecoop.com

Who is the CEO of Southeast Electric Cooperative Inc?

Tye B Williams is the General Manager of Southeast Electric Cooperative Inc.


Official website here: www.seecoop.com

What is the revenue of Southeast Electric Cooperative Inc?

Southeast Electric Cooperative Inc's revenue in 2022 was $8,204,109.


Official website here: www.seecoop.com

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

The average compensation at Southeast Electric Cooperative Inc during 2022 was $73,972. There are 18 employees at Southeast Electric Cooperative Inc.


Here are 11 key members and their salaries:


Jack E Hamblin (Project Manager)
  • Compensation: $199,352
  • Related: $0
  • Other: $123,726
Samuel Erfman (Crew Foreman)
  • Compensation: $103,384
  • Related: $0
  • Other: $79,172
Jake Hammel (Line Foreman)
  • Compensation: $101,012
  • Related: $0
  • Other: $80,459
Adam Kuntz (Lead Lineman)
  • Compensation: $101,319
  • Related: $0
  • Other: $78,957
Tye B Williams (General Manager)
  • Compensation: $99,290
  • Related: $0
  • Other: $77,680
Albert Paul (President, Director)
  • Compensation: $8,938
  • Related: $10,675
  • Other: $0
Dave Hayden (Director)
  • Compensation: $11,701
  • Related: $0
  • Other: $0
Douglas Gardner (Director)
  • Compensation: $8,658
  • Related: $0
  • Other: $0
Michael Hansen (Vice President, Director)
  • Compensation: $8,540
  • Related: $0
  • Other: $0
Clayton Jardee (Director)
  • Compensation: $8,318
  • Related: $0
  • Other: $0
Karen Kreitel (Secretary/Treasurer, Director)
  • Compensation: $7,190
  • Related: $0
  • Other: $0


Official website here: www.seecoop.com

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

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


Official website here: www.seecoop.com

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

Mission Statement of Southeast Electric Cooperative Inc

Southeast Electric Cooperative, in its mission statement, is dedicated to improving the lives of its members by providing safe, dependable, and affordable energy. This is achieved through a cooperative effort, community involvement, and the exercise of local control. The cooperative's goal is to foster innovation for the betterment of its members, ultimately aiming to enhance the overall quality of life and create a brighter future for all. By focusing on these principles, Southeast Electric Cooperative strives to make a positive impact on its community, ensuring a reliable energy supply and continuously seeking ways to improve and evolve its services. The cooperative's activities include building and maintaining power lines for both distribution and transmission, as well as purchasing power to distribute to its members.

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Impact




October, 2024

Southeast Electric Cooperative Inc significantly enhances the quality of life for its members and the broader community by providing safe, dependable, and affordable energy. The cooperative's commitment to dedication and cooperation fosters a sense of community involvement, ensuring that local needs are met effectively. By building and maintaining distribution and transmission power lines, as well as purchasing power for distribution, Southeast Electric plays a crucial role in delivering reliable energy services.

Their focus on local control empowers members, allowing for tailored solutions that reflect the unique demands of the community they serve. Through various innovative programs, the cooperative not only meets energy needs but also contributes to the overall betterment of society. This commitment helps create a brighter future for all, demonstrating how essential utilities can be driven by community values and cooperation.




This information is meant to be a general summary of Southeast 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
$8,204,109 (2022)
Expenses
$8,204,109 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $137,110
  • Program Service Revenue: $8,066,862
  • Gross Receipts: $8,221,714

Assets and Liabilities:

  • Total Assets: $24,106,623
  • Total Liabilities: $9,932,146
  • Net Assets: $14,174,477

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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

$7,513,765

Generation and Transmission Capital Credits

Revenue

$384,857

Other Capital Credits

Revenue

$79,348

Organization Details

Founding Year

1946

Principal Officer

Tye B Williams

Main Address

PO BOX 369, EKALAKA, MT, 59324

NTEE Category

Code: W80 - Public benefit

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