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Nonprofiteer
← BEARTOOTH ELECTRIC COOPERATIVE INC

Form 990 for tax year 2022

Filed by BEARTOOTH ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$9,977,016
Total expenses
$9,557,877
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$9,889,383
Investment income
$17,421
Other revenue
$70,212
Total assets, end of year
$19,841,892
Total liabilities, end of year
$9,924,043
Net assets or fund balances, end of year
$9,917,849
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: UTILITIES & SERVICE

    total $9,889,383 · related or exempt $9,889,383

  • 3 · Investment income

    total $17,421 · related or exempt $17,421

  • 6a · Gross rents

    personal property $12,031

  • 6b · Less rental expenses

    personal property $0

  • 6c · Rental income or loss

    personal property $12,031

  • 6d · Net rental income or loss

    total $12,031 · excluded $12,031

  • 11a · Other revenue: PATRONAGE CAPITAL ALLO

    total $43,657 · related or exempt $43,657

  • 11b · Other revenue: JOBBING- MERCHANDISING

    total $14,524 · related or exempt $14,524

  • 11e · Other revenue, total

    $58,181

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $461,573

  • 5 · Compensation of officers, directors and key employees

    total $451,523

  • 7 · Other salaries and wages

    total $95,769

  • 9 · Other employee benefits

    total $36,026

  • 11b · Fees: legal

    total $48,481

  • 11c · Fees: accounting

    total $10,700

  • 11d · Fees: lobbying

    total $968

  • 11g · Fees: other

    total $70,457

  • 13 · Office expenses

    total $73,184

  • 19 · Conferences, conventions and meetings

    total $19,612

  • 20 · Interest

    total $383,487

  • 22 · Depreciation, depletion and amortization

    total $1,142,964

  • 23 · Insurance

    total $22,527

  • 24a · Other expenses: COST OF POWER

    total $3,686,012

  • 24b · Other expenses: DISTRIBUTIONS OPERATION

    total $1,122,610

  • 24c · Other expenses: DISTRIBUTION MAINTENANC

    total $846,867

  • 24d · Other expenses: CONSUMER ACCOUNTS EXPEN

    total $327,313

  • 24e · All other expenses

    total $757,804

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $202,000 · end of year $34,200

  • 2 · Savings and temporary cash investments

    beginning of year $1,182,308 · end of year $173,204

  • 4 · Accounts receivable

    beginning of year $931,742 · end of year $1,053,120

  • 8 · Inventories for sale or use

    beginning of year $383,165 · end of year $828,493

  • 9 · Prepaid expenses and deferred charges

    beginning of year $178,964 · end of year $148,686

  • 10a · Land, buildings and equipment: cost or other basis

    $35,756,878

  • 10b · Land, buildings and equipment: accumulated depreciation

    $19,232,277

  • 10c · Land, buildings and equipment, net

    beginning of year $15,888,170 · end of year $16,524,601

  • 13 · Investments: program-related

    beginning of year $744,129 · end of year $752,307

  • 15 · Other assets

    beginning of year $260,449 · end of year $327,281

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,360,607 · end of year $1,461,602

  • 23 · Secured mortgages and notes payable

    beginning of year $8,846,397 · end of year $8,396,580

  • 25 · Other liabilities

    beginning of year $65,213 · end of year $65,861

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $271,555 · end of year $299,140

  • 31 · Retained earnings, endowment or other funds

    beginning of year $9,227,155 · end of year $9,618,709

Mission and programs · 2022

Mission

RURAL ELECTRIC COOPERATIVE ESTABLISHED TO PROVIDE ELECTRICAL POWER AND SERVICES TO ITS MEMBERS LOCATED IN SOUTH CENTRAL MONTANA AND NORTHERN WYOMING.

Activities or mission (Part I)

BEARTOOTH ELECTRIC COOPERATIVE, INC. OPERATES AS A RURAL ELECTRIC UTILITY ON A NON PROFIT BASIS BY PROVIDING ELECTRICAL POWER AND UTILITY SERVICES TO ITS MEMBERS AND PATRONS LOCATED IN CENTRAL PORTION OF MONTANA AND NORTHERN WYOMING. THE COOPERATIVE IS EXEMPT UNDER SECTION 501 (C) (12).

  • RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICAL SERVICES TO 4,974 PATRONS AND MEMBERS LOCATED IN CENTRAL MONTANA AND NORTHERN WYOMING.

As filed on the 2022 return.

Listed in Part VII

  • Arleen Boyd

    SECRETARY TREASURER

    Total calculated
    $7,125
    From this org
    $7,125
    From related orgs
    $0
    Other
    $0
    Hours/week
    10.68

  • Roxie Melton

    DIRECTOR

    Total calculated
    $11,625
    From this org
    $11,625
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.11

  • Daniel Dutton

    DIRECTOR

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.91

  • Ralph Lewis

    DIRECTOR

    Total calculated
    $7,800
    From this org
    $7,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.02

  • Daniel Yates

    DIRECTOR

    Total calculated
    $4,000
    From this org
    $4,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.19

  • William Pascoe

    VICE PRESIDENT

    Total calculated
    $6,500
    From this org
    $6,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.47

  • Jim Neu

    PRESIDENT

    Total calculated
    $9,375
    From this org
    $9,375
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.42

  • Kevin P Owens

    GENERAL MANAGER

    Total calculated
    $251,922
    From this org
    $197,256
    From related orgs
    $0
    Other
    $54,666
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,256
    Bonus
    $0
    Other
    $0
    Deferred
    $27,783
    Nontaxable benefits
    $26,883
    Filer's total
    $251,922

  • Brad Prophet

    ACCOUNTANT

    Total calculated
    $147,176
    From this org
    $88,237
    From related orgs
    $0
    Other
    $58,939
    Hours/week
    40

  • Eric Elton

    LINE SUPERINTENDENT

    Total calculated
    $200,425
    From this org
    $119,463
    From related orgs
    $0
    Other
    $80,962
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $119,463
    Bonus
    $0
    Other
    $0
    Deferred
    $50,129
    Nontaxable benefits
    $30,833
    Filer's total
    $200,425

  • James C Pihl

    LINEMAN

    Total calculated
    $151,939
    From this org
    $117,547
    From related orgs
    $0
    Other
    $34,392
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,547
    Bonus
    $0
    Other
    $0
    Deferred
    $14,222
    Nontaxable benefits
    $20,170
    Filer's total
    $151,939

  • Guy Behrent

    LINEMAN

    Total calculated
    $190,319
    From this org
    $126,699
    From related orgs
    $0
    Other
    $63,620
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,699
    Bonus
    $0
    Other
    $0
    Deferred
    $43,450
    Nontaxable benefits
    $20,170
    Filer's total
    $190,319

  • Travis Barker

    LINEMAN

    Total calculated
    $178,765
    From this org
    $117,328
    From related orgs
    $0
    Other
    $61,437
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,328
    Bonus
    $0
    Other
    $0
    Deferred
    $41,321
    Nontaxable benefits
    $20,116
    Filer's total
    $178,765

  • Samuel Walkowiak

    LINEMAN

    Total calculated
    $185,610
    From this org
    $121,205
    From related orgs
    $0
    Other
    $64,405
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $121,205
    Bonus
    $0
    Other
    $0
    Deferred
    $44,214
    Nontaxable benefits
    $20,191
    Filer's total
    $185,610

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2023
IRS schema version
2022v5.0
Source object
202331359349304773

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