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Nonprofiteer
← BEARTOOTH ELECTRIC COOPERATIVE INC

Form 990 for tax year 2023

Filed by BEARTOOTH ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$9,780,491
Total expenses
$9,538,132
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$9,730,017
Investment income
$12,926
Other revenue
$37,548
Total assets, end of year
$21,076,944
Total liabilities, end of year
$10,916,736
Net assets or fund balances, end of year
$10,160,208
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 $9,730,017 · related or exempt $9,730,017

  • 3 · Investment income

    total $12,926 · related or exempt $12,926

  • 6a · Gross rents

    personal property $12,081

  • 6b · Less rental expenses

    personal property $0

  • 6c · Rental income or loss

    personal property $12,081

  • 6d · Net rental income or loss

    total $12,081 · excluded $12,081

  • 11a · Other revenue: PATRONAGE CAPITAL ALLO

    total $34,323 · related or exempt $34,323

  • 11b · Other revenue: JOBBING- MERCHANDISING

    total -$8,856 · related or exempt -$8,856

  • 11e · Other revenue, total

    $25,467

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $500,456

  • 5 · Compensation of officers, directors and key employees

    total $519,309

  • 7 · Other salaries and wages

    total $70,141

  • 9 · Other employee benefits

    total $61,379

  • 11b · Fees: legal

    total $49,362

  • 11c · Fees: accounting

    total $12,800

  • 11d · Fees: lobbying

    total $1,093

  • 11g · Fees: other

    total $73,044

  • 13 · Office expenses

    total $65,954

  • 19 · Conferences, conventions and meetings

    total $17,179

  • 20 · Interest

    total $382,264

  • 22 · Depreciation, depletion and amortization

    total $1,169,370

  • 23 · Insurance

    total $22,557

  • 24a · Other expenses: COST OF POWER

    total $3,615,715

  • 24b · Other expenses: DISTRIBUTIONS OPERATION

    total $1,115,418

  • 24c · Other expenses: DISTRIBUTION MAINTENANC

    total $801,514

  • 24d · Other expenses: CONSUMER ACCOUNTS EXPEN

    total $367,391

  • 24e · All other expenses

    total $693,186

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $34,200 · end of year $366,111

  • 2 · Savings and temporary cash investments

    beginning of year $173,204 · end of year $202,758

  • 4 · Accounts receivable

    beginning of year $1,053,120 · end of year $925,164

  • 8 · Inventories for sale or use

    beginning of year $828,493 · end of year $1,351,728

  • 9 · Prepaid expenses and deferred charges

    beginning of year $148,686 · end of year $43,590

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

    $37,166,467

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

    $20,296,255

  • 10c · Land, buildings and equipment, net

    beginning of year $16,524,601 · end of year $16,870,212

  • 13 · Investments: program-related

    beginning of year $752,307 · end of year $767,412

  • 15 · Other assets

    beginning of year $327,281 · end of year $549,969

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,461,602 · end of year $1,566,739

  • 23 · Secured mortgages and notes payable

    beginning of year $8,396,580 · end of year $9,271,978

  • 25 · Other liabilities

    beginning of year $65,861 · end of year $78,019

  • 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 $299,140 · end of year $337,025

  • 31 · Retained earnings, endowment or other funds

    beginning of year $9,618,709 · end of year $9,823,183

Mission and programs · 2023

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 5,041 PATRONS AND MEMBERS LOCATED IN CENTRAL MONTANA AND NORTHERN WYOMING.

As filed on the 2023 return.

Listed in Part VII

  • Arleen Boyd

    DIRECTOR

    Total calculated
    $6,600
    From this org
    $6,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.55

  • Roxie Melton

    SECRETARY TREASURER

    Total calculated
    $7,300
    From this org
    $7,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.64

  • Daniel Dutton

    DIRECTOR

    Total calculated
    $7,050
    From this org
    $7,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.96

  • Ralph Lewis

    DIRECTOR

    Total calculated
    $7,750
    From this org
    $7,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.79

  • Daniel Yates

    DIRECTOR

    Total calculated
    $3,875
    From this org
    $3,875
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.32

  • William Pascoe

    VICE PRESIDENT

    Total calculated
    $6,875
    From this org
    $6,875
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.5

  • Jim Neu

    PRESIDENT

    Total calculated
    $8,875
    From this org
    $8,875
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.68

  • Kevin P Owens

    GENERAL MANAGER

    Total calculated
    $188,735
    From this org
    $148,860
    From related orgs
    $0
    Other
    $39,875
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,860
    Bonus
    $0
    Other
    $0
    Deferred
    $24,859
    Nontaxable benefits
    $15,016
    Filer's total
    $188,735

  • Brad Prophet

    ACCOUNTANT

    Total calculated
    $85,915
    From this org
    $57,235
    From related orgs
    $0
    Other
    $28,680
    Hours/week
    40

  • Patrick Patterson

    GENERAL MANAGER

    Total calculated
    $129,184
    From this org
    $96,963
    From related orgs
    $0
    Other
    $32,221
    Hours/week
    40

  • Sarah Graves

    ACCOUNTANT

    Total calculated
    $1,817
    From this org
    $1,817
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Kristin Marshall

    ACCOUNTANT

    Total calculated
    $65,333
    From this org
    $65,333
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • James Avent

    LINEMAN

    Total calculated
    $186,376
    From this org
    $120,196
    From related orgs
    $0
    Other
    $66,180
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,196
    Bonus
    $0
    Other
    $0
    Deferred
    $45,941
    Nontaxable benefits
    $20,239
    Filer's total
    $186,376

  • James C Pihl

    LINEMAN

    Total calculated
    $152,719
    From this org
    $117,807
    From related orgs
    $0
    Other
    $34,912
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,807
    Bonus
    $0
    Other
    $0
    Deferred
    $14,650
    Nontaxable benefits
    $20,262
    Filer's total
    $152,719

  • Guy Behrent

    LINEMAN

    Total calculated
    $198,425
    From this org
    $130,416
    From related orgs
    $0
    Other
    $68,009
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,416
    Bonus
    $0
    Other
    $0
    Deferred
    $47,724
    Nontaxable benefits
    $20,285
    Filer's total
    $198,425

  • Travis Barker

    LINEMAN

    Total calculated
    $188,150
    From this org
    $123,138
    From related orgs
    $0
    Other
    $65,012
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,138
    Bonus
    $0
    Other
    $0
    Deferred
    $44,808
    Nontaxable benefits
    $20,204
    Filer's total
    $188,150

  • Samuel Walkowiak

    LINEMAN

    Total calculated
    $190,226
    From this org
    $122,217
    From related orgs
    $0
    Other
    $68,009
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $122,217
    Bonus
    $0
    Other
    $0
    Deferred
    $47,724
    Nontaxable benefits
    $20,285
    Filer's total
    $190,226

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
2023
Filed
22 May 2024
IRS schema version
2023v5.0
Source object
202441559349301379

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