2025-06-12T13:16:00-04:00 2024-12-31 460257538 KETEL THORSTENSON LLP PO BOX 3140 RAPID CITY SD 577093140 990 2024-01-01 460115942 BUTTE ELECTRIC COOPERATIVE INC BUTT 6054562494 PO BOX 137 NEWELL SD 577600137 MATTHEW SLEEP CEO 6054562494 2025-06-12 true true TRACI HANSON CPA P02055725 6053425630 2025-06-12 2024 2025-03-06 01:10:19Z MATTHEW SLEEP PO BOX 137 NEWELL SD 57760 18717536 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 28 14121 11709 0 737330 969700 288764 247664 9018981 9332427 10045075 10549791 26737 14187 532638 522018 2006615 2393450 0 0 5234346 5832836 7800336 8762491 2244739 1787300 72523427 71776161 45770272 43140126 26753155 28636035 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 7,265 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 102 0 28 true true true false false false false 17425313 674667 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 MATTHEW SLEEP CEO 40.00 X 195300 0 39317 BRETT FOSHEIM OPERATIONS M 40.00 X 135339 0 52438 TRAVIS SCHENK TREASURER 1.00 X X 18197 0 0 STEVE SMEENK DIRECTOR 1.00 X 12895 0 0 PAUL WINKLER DIRECTOR 1.00 X 11641 0 0 THOMAS BRUNNER SECRETARY 1.00 X X 11001 0 0 CRIS MILLER PRESIDENT 1.00 X X 10000 0 0 DAN MARRS VICE-PRESIDE 1.00 X X 9242 0 0 JAMES MORTENSON ASST SECRETA 1.00 X X 8431 0 0 CHANDY OLSON DIRECTOR 1.00 X 7991 0 0 DAN HEFNER DIRECTOR 1.00 X 7624 0 0 427661 91755 2 false true false CABLE COMMUNICATIONS SERVICES 7200 SHADOWLAND CT BLACK HAWK SD 57718 CONTRACT LABOR 686826 BLUE SKY TREE CO 2619 HOEFER AVE RAPID CITY SD 57701 CONTRACT LABOR 133417 ALTERGOTT FORESTRY 19739 PRAIRIE RIDGE RD SPEARFISH SD 57783 CONTRACT LABOR 104225 3 OTHER CAPITAL CREDITS 221000 489971 489971 G&T CAPITAL CREDITS 221000 479729 479729 969700 239514 239514 53798 579 53219 53219 39098 14121 8150 8150 8150 8150 17446374 8167166 9279208 9279208 10549791 10288006 14121 247664 14187 522018 331639 1263731 327796 362680 107604 18949 33035 539910 75426 391427 220099 415313 357373 24464 1303507 2290480 2457 ADMINISTRATION EXPENSE 87132 CUSTOMER SERVICE 67063 MISCELLANEOUS EXPENSE 6201 8762491 0 0 0 1969745 417741 2496793 2068398 1336726 1485154 1526955 1764663 114948 151311 87807584 31407640 56054529 56399944 9023731 9488950 72523427 71776161 1852068 961369 1207063 1270266 41701755 39828330 1009386 1080161 45770272 43140126 X 879939 975519 25873216 27660516 26753155 28636035 72523427 71776161 X 1787300 95580 X false true X true false 872902 872902 3458896 680536 2778360 8201021 3345097 4855924 75274765 27382007 47892758 56399944 PATRONAGE CAPITAL ALLOCATION 6559722 C SPECIAL FUNDS INVESTED-DEFERRED REV 1152664 C ORGANIZATIONS-OTHER COOPS 1120221 C INVESTMENTS IN ECON DEV PROJECTS 352500 C ORGANIZATIONS-CTC-CFC 242362 C OTHER INVESTMENTS 51149 C OTHER CURRENT AND ACCRUED ASSETS 10332 C 9488950 TAXES PAYABLE 488169 CUSTOMERS DEPOSITS 444635 ACCRUED EXPENSES 140189 PATRONAGE CAPITAL PAYABLE 7168 1080161 X X false false false MATTHEW SLEEP CEO 195300 32702 6615 234617 BRETT FOSHEIM OPERATIONS MANAGER 135339 19175 33263 187777 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 95,580