2024-09-11T12:11:31-04:00 2023-12-31 460257538 KETEL THORSTENSON LLP PO BOX 3140 RAPID CITY SD 577093140 990 2023-01-01 460115942 BUTTE ELECTRIC COOPERATIVE INC BUTT 6054562494 PO BOX 137 NEWELL SD 577600137 MATTHEW SLEEP CEO 6054562494 2024-09-11 true true TRACI HANSON CPA P02055725 6053425630 2024-09-11 2023 2024-08-08 14:25:15Z MATTHEW SLEEP PO BOX 137 NEWELL SD 57760 17284012 false X HTTP://WWW.BUTTEELECTRIC.COM X 1940 SD 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. 9 9 29 14700 12230 0 999095 737330 -67589 288764 7871794 9018981 8803300 10045075 25472 26737 562445 532638 1974449 2006615 0 0 4769772 5234346 7332138 7800336 1471162 2244739 67085807 72523427 42674930 45770272 24410877 26753155 X 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. false false SALE OF ELECTRICITY TO APPROXIMATELY 7,085 CONSUMER ACCOUNTS. false false false false false false false false false true false true false true false false false false false false false false false false false false false false true false false false false false false false false false false false false false false true 100 0 29 true true true false false false false 16169910 562339 false false false X 9 9 false false false false true true false true true false false true true true true true true true true false X MATTHEW SLEEP 6054562494 PO BOX 137 NEWELL SD 57760 BRETT FOSHEIM OPERATIONS M 40.00 X 131420 0 42555 JEFFERY HUGHES NEWELL FOREM 40.00 X 103832 0 50355 JAMES GYLES STURGIS FORE 40.00 X 103332 0 48802 BART MCLELLAN MEMBER SERVI 40.00 X 100444 0 50957 MATTHEW SLEEP CEO 40.00 X 123397 0 0 DAN MARRS VICE-PRESIDE 4.00 X X 15414 0 0 TRAVIS SCHENK TREASURER 4.00 X X 14340 0 0 CRIS MILLER PRESIDENT 4.00 X X 14175 0 0 THOMAS BRUNNER SECRETARY 4.00 X X 13987 0 0 STEVE SMEENK DIRECTOR 4.00 X 13356 0 0 PAUL WINKLER DIRECTOR 4.00 X 12721 0 0 DAN HEFNER DIRECTOR 4.00 X 11965 0 0 JAMES MORTENSON ASST SECRETA 4.00 X X 11270 0 0 CHANDY OLSON DIRECTOR 4.00 X 10420 0 0 680073 192669 5 false true false RUSHMORE ELECTRIC POWER COOP 175 CAMBELL STREET RAPID CITY SD 57701 ENGINEERING 316707 1 G&T CAPITAL CREDITS 221000 602602 602602 OTHER CAPITAL CREDITS 221000 134728 134728 737330 258218 258218 53388 53388 53388 38688 14700 30546 30546 30546 30546 16204530 7238937 8965593 8965593 10045075 9741611 14700 288764 26737 532638 241045 1277250 164217 231700 92403 32424 35246 275456 85473 286721 141422 382197 309348 15777 1262852 2208567 2151 CUSTOMER SERVICE 100877 ADMINISTRATION EXPENSE 93041 MISCELLANEOUS EXPENSE 2794 7800336 0 0 0 473968 1969745 2705503 2496793 1625234 1336726 1640084 1526955 150874 114948 85515253 29460724 51815037 56054529 8675107 9023731 67085807 72523427 1192315 1852068 1262447 1207063 39205970 41701755 1014198 1009386 42674930 45770272 X 782400 879939 23628477 25873216 24410877 26753155 67085807 72523427 X 2244739 97539 X false true X true false 872902 872902 3406565 607480 2799085 7814995 3103716 4711279 73420791 25749528 47671263 56054529 PATRONAGE CAPITAL ALLOCATION 6351343 C SPECIAL FUNDS INVESTED-DEFERRED REV 1152664 C ORGANIZATIONS-OTHER COOPS 769495 C INVESTMENTS IN ECON DEV PROJECTS 442500 C ORGANIZATIONS-CTC-CFC 242881 C OTHER INVESTMENTS 47536 C OTHER CURRENT AND ACCRUED ASSETS 17312 C 9023731 TAXES PAYABLE 440219 CUSTOMERS DEPOSITS 418385 ACCRUED EXPENSES 134785 PATRONAGE CAPITAL PAYABLE 8109 CAPITAL LEASES 7888 1009386 X X false false false BRETT FOSHEIM OPERATIONS MANAGER 131420 18262 24293 173975 JEFFERY HUGHES NEWELL FOREMAN 103832 26062 24293 154187 JAMES GYLES STURGIS FOREMAN 103332 24509 24293 152134 BART MCLELLAN MEMBER SERVICE TECH 100444 26664 24293 151401 FORM 990 - ORGANIZATION'S MISSION 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. FORM 990, PAGE 6, PART VI, LINE 6 BUTTE ELECTRIC COOPERATIVE, INC. PROVIDES ELECTRICITY WITHIN A DEFINED TERRITORY. ALL CONSUMERS OF ELECTRICITY ARE MEMBERS OF THE COOPERATIVE. FORM 990, PAGE 6, PART VI, LINE 7A THE MEMBERS OF BUTTE ELECTRIC COOPERATIVE, INC., ELECT NINE DIRECTORS TO REPRESENT THREE DISTRICTS AT OUR ANNUAL MEETING HELD IN OCTOBER EVERY YEAR. THREE DIRECTOR POSITIONS, ONE FROM EACH DISTRICT, ARE UP FOR ELECTION EVERY YEAR. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND ASSISTED BY THE ORGANIZATION'S CEO AND CFO. THE CEO AND INDEPENDENT CPA REVIEWS THE FORM 990 WITH THE BOARD OF DIRECTORS AT A REGULARLY SCHEDULED BOARD MEETING BEFORE THE RETURN IS MAILED. AT THIS TIME, THE CEO AND CPA ANSWER ANY QUESTIONS THE BOARD MAY HAVE REGARDING THE RETURN. FORM 990, PAGE 6, PART VI, LINE 12C IN JULY AT THE BEGINNING OF THE ELECTION PROCESS OF THE BOARD MEMBERS, ALL CANDIDATES AND CURRENT BOARD MEMBERS SIGN A FORM ACKNOWLEDGING THEIR AWARENESS OF THE CONFLICTS POLICY AND AFFIRMING NO KNOWN CONFLICTS OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 15A PROCESS FOR DETERMINING COMPENSATION FOR THE GENERAL MANAGER IS AS FOLLOWS: 1.)EMPLOYEE EVALUATION FORM IS MAILED TO THE BOARD OF DIRECTORS ONE MONTH PRIOR TO SEPTEMBER BOARD MEETING. 2.)SALARY RANGE IS DETERMINED USING THE SDREA SALARY PUBLICATION WHICH INCLUDES WAGES IN SPECIFIC CATEGORIES THROUGHOUT COOPERATIVES IN THE STATE OF SOUTH DAKOTA. 3.)THE BOARD THEN REVIEWS THE ABOVE INFORMATION AT THEIR SEPTEMBER BOARD MEETING AND CONDUCTS A CEO APPRAISAL AND ESTABLISHES THE COMPENSATION SALARY. FORM 990, PAGE 6, PART VI, LINE 15B SAME PROCESS AS 15A. FORM 990, PAGE 6, PART VI, LINE 19 BUTTE ELECTRIC COOPERATIVE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THEIR MEMBERS UPON REQUEST AND NO INFORMATION IS AVAILABLE TO THE GENERAL PUBLIC. PART IX, LINE 7-10 THE COOPERATIVE, AS A PART OF ITS NORMAL OPERATIONS AND IN ACCORDANCE WITH RURAL ELECTRIC COOPERATIVE GUIDELINES CAPITALIZES A PORTION OF ITS SALARIES AND RELATED BENEFITS. THESE CAPITALIZED SALARIES AND RELATED BENEFITS ARE INCLUDED IN THE LAND, BUILDINGS, AND EQUIPMENT. (LINE 10A OF PART X) FORM 990, PART XI, LINE 9 CHANGE IN OTHER EQUITIES 97,539