Butte Electric Cooperative Inc
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.
Key facts about Butte Electric Cooperative Inc
In short: Butte Electric Cooperative Inc reported $18K in grants paid in 2025 (a total; its filing lists no individual grants). Source: 2025 IRS Form 990.
- EIN
- 46-0115942
- Latest 990 filing
- Form 990, 2025
- Grants paid (2025)
- $18,258 — reported as a total on the IRS filing, without an itemized list
- Total assets
- $72,498,010
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$72.5M
+1.0% YoY
Grants Paid (reported total)
$18K
+28.7% YoY
Revenue
$10.1M
-4.7% YoY
Net Investment Income
$263K
+6.1% YoY
About Butte Electric Cooperative Inc
Based on IRS filings
Butte Electric Cooperative Inc is a public charity, based in Newell, SD. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $72.5M in total assets. In 2025, it reported $18K in grants paid as a total on its IRS filing, without an itemized list. Net investment income was $263K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2025, annual grant giving ranged from $14K (2024) to $27K (2023). In 2025 it reported $18K in grants paid, as a total without an itemized list.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grant Insights
How this funder distributes its grants
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 3 grants of 3 (100%).
Giving History
Grant recipients and amounts by year
No grants recorded for 2025.
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $72,498,010 | $71,776,161 | $72,523,427 |
| Revenue | $10,055,564 | $10,549,791 | $10,045,075 |
| Expenses | $9,079,441 | $8,762,491 | $7,800,336 |
| Net Investment Income | $262,869 | $247,664 | $288,764 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2022 (received by the IRS August 1, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS September 11, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS June 12, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS August 4, 2026)
Leadership & Key People
Officers and directors from IRS filings
Butte Electric Cooperative Inc is led by Matthew Sleep, CEO on every filing since 2022; all 12 officers listed in 2025 are compensated.
Officers on the 2025 filing
Matthew Sleep
CEO
On filings since 2022
40 hrs/week
$123K (2023) → $193K (2025)
Cris Miller
President
On filings since 2019
1 hr/week
$10K (2019) → $11K (2025)
Chandy Olson
Director
On filings since 2019
1 hr/week
$9K (2019) → $8K (2025)
Dan Hefner
Director
Treasurer → Assistant Secretary, 2020
Assistant Secretary → Director, 2022
On filings since 2019
1 hr/week
$7K (2019) → $8K (2025)
Steve Smeenk
Director
On filings since 2019
1 hr/week
$9K (2019) → $11K (2025)
Jessica Casteel
Director
New on the 2025 filing
1 hr/week
$10K (2025)
Brett Fosheim
Operations M
On filings since 2019
40 hrs/week
$111K (2019) → $142K (2025)
Dan Marrs
Vice President
On filings since 2019
1 hr/week
$12K (2019) → $9K (2025)
James Mortenson
Assistant Secretary
Director → Assistant Secretary, 2022
On filings since 2019
1 hr/week
$12K (2019) → $7K (2025)
Thomas Brunner
Secretary
On filings since 2019
1 hr/week
$10K (2019) → $11K (2025)
Travis Schenk
Treasurer
Director → Treasurer, 2020
On filings since 2019
1 hr/week
$11K (2019) → $13K (2025)
Kimberly Wince
CFO
New on the 2025 filing
40 hrs/week
$112K (2025)
Former officers (8)
- Former: Paul Winkler (2021–2024) — Director
- Former: Bart McLellan (2023) — Member Servi
- Former: James Gyles (2023) — Sturgis Fore
- Former: Jeffery Hughes (2023) — Newell Forem
- Former: John Lee (2019–2022) — CEO & General Ma
- Former: Bradley Kool (2022) — CEO & General Ma
- Former: Thomas Casteel (2019–2021) — Director
- Former: Darick Eisenbraun (2019–2020) — CFO
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $193K, to Matthew Sleep (CEO). 12 officers or directors reported compensation on that filing.
Frequently asked questions about Butte Electric Cooperative Inc
How much does Butte Electric Cooperative Inc give each year?
Butte Electric Cooperative Inc reported $18K in grants paid in 2025 on its 2025 IRS Form 990, as a total without an itemized list of grants. In 2024 it reported $14K in grants paid.
How large is Butte Electric Cooperative Inc?
Butte Electric Cooperative Inc reported $72.5M in total assets on its 2025 IRS Form 990. Its revenue that year was $10.1M.
Where does Butte Electric Cooperative Inc operate?
Butte Electric Cooperative Inc has awarded grants in South Dakota.
What is Butte Electric Cooperative Inc's EIN?
Butte Electric Cooperative Inc's EIN (Employer Identification Number) is 46-0115942. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Butte Electric Cooperative Inc by hand.
Explore Open Grants
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