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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Butte Electric Cooperative Inc.

Butte Electric Cooperative Inc.

Fiscal year ending 2022. Filed on August 1, 2023.

PO Box 137
5401 Circle St
Newell, South Dakota 57760

Butte Electric Cooperative Inc. (EIN: 46-0115942) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2022 IRS Form 990 filing, Butte Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 4 out of 26 total employees. Among the employees shown here, the average compensation is $115,582. The highest compensated employee at Butte Electric Cooperative Inc. is Brett Fosheim with fiscal year 2022 compensation of $166,171.

Revenue, expenses, and employee compensation

Revenue

$8,803,300

Expenses

$7,332,138

Employee compensation

$1,974,449
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Brett Fosheim
Operations Manager
$166,171
$127,638 No related comp$38,533
Bradley Kool
CEO / GEN MA
$118,689
$96,003 No related comp$22,686
John Lee
CEO / GEN MA
$61,887
$45,528 No related comp$16,359
Matthew Sleep
Chief Executive Officer
$0

Benchmark Employee Compensation

Non-Employee Board Members

Cris Miller
President
$12,827
$12,827 No related compNo other comp
Steve Smeenk
Director
$12,743
$12,743 No related compNo other comp
Travis Schenk
Treasurer
$12,006
$12,006 No related compNo other comp
Dan Marrs
Vice President
$11,891
$11,891 No related compNo other comp
James Mortenson
Assistant Secretary
$11,437
$11,437 No related compNo other comp
Paul Winkler
Director
$10,987
$10,987 No related compNo other comp
Thomas Brunner
Secretary
$10,551
$10,551 No related compNo other comp
Dan Hefner
Director
$9,684
$9,684 No related compNo other comp
Chandy Olson
Director
$8,406
$8,406 No related compNo other comp

Contractors

Electro Test & Maintenance
Maintenance
$141,533

Mission Statement

THE MISSION OF BUTTE ELECTRIC COOPERATIVE IS TO CONTINUALLY IMPROVE CUSTOMER SERVICES; PROVIDE SAFE, RELIABLE, AND COMPETITIVELY PRICED ELECTRICITY; AND CONTINUE TO LEAD IN DEVELOPING OUR COMMUNITIES FOR THE BENEFIT OF OUR MEMBERS.

Revisions to this organization profile

June 12, 2025:
2024 Butte Electric Cooperative Inc. 990 filed
September 11, 2024:
2023 Butte Electric Cooperative Inc. 990 filed
August 1, 2023:
2022 Butte Electric Cooperative Inc. 990 filed

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