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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 2023. Filed on September 11, 2024.

PO Box 137
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 2023 IRS Form 990 filing, Butte Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 5 out of 29 total employees. Among the employees shown here, the average compensation is $151,019. The highest compensated employee at Butte Electric Cooperative Inc. is Brett Fosheim with fiscal year 2023 compensation of $173,975.

Revenue, expenses, and employee compensation

Revenue

$10,045,075

Expenses

$7,800,336

Employee compensation

$2,006,615
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Brett Fosheim
Operations Manager
$173,975
$131,420 No related comp$42,555
Jeffery Hughes
Newell Forem
$154,187
$103,832 No related comp$50,355
James Gyles
Sturgis FORE
$152,134
$103,332 No related comp$48,802
Bart McLellan
Member Services
$151,401
$100,444 No related comp$50,957
Matthew Sleep
Chief Executive Officer
$123,397
$123,397 No related compNo other comp

Benchmark Employee Compensation

Non-Employee Board Members

Dan Marrs
Vice President
$15,414
$15,414 No related compNo other comp
Travis Schenk
Treasurer
$14,340
$14,340 No related compNo other comp
Cris Miller
President
$14,175
$14,175 No related compNo other comp
Thomas Brunner
Secretary
$13,987
$13,987 No related compNo other comp
Steve Smeenk
Director
$13,356
$13,356 No related compNo other comp
Paul Winkler
Director
$12,721
$12,721 No related compNo other comp
Dan Hefner
Director
$11,965
$11,965 No related compNo other comp
James Mortenson
Assistant Secretary
$11,270
$11,270 No related compNo other comp
Chandy Olson
Director
$10,420
$10,420 No related compNo other comp

Contractors

Rushmore Electric Power Cooperative
Engineering
$316,707

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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