Form 990 for tax year 2022

Totals

Total revenue

$29,316,943

Total expenses

$24,799,017

Contributions and grants received

$0

Grants paid

$0

Program service revenue

$28,345,496

Investment income

$35,203

Other revenue

$936,244

Total assets, end of year

$54,389,942

Total liabilities, end of year

$14,571,735

Net assets or fund balances, end of year

$39,818,207

Program services expenses (Part IX)

$0

Management and general expenses

$0

Fundraising expenses

$0

Program service expenses (Part III)

— not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

Mission and programs · 2022

• THE MISSION OF FERGUS ELECTRIC COOPERATIVE IS TO PROVIDE RELIABLE, SAFE, AND AFFORDABLE ENERGY SERVICES TO THE COMMUNITIES WE SERVE. WHO WE ARE: WE ARE A NON-PROFIT COOPERATIVE UTILITY OWNED, OPERATED AND SUPPORTED BY MEMBERS IN CENTRAL MONTANA. WHAT WE DO: WE DISTRIBUTE ELECTRICITY AND ANCILLARY SERVICES TO 14 CENTRAL MONTANA COUNTIES: BLAINE, CASCADE, CHOTEAU, FERGUS, GOLDEN VALLEY, JUDITH BASIN, MEAGHER, MUSSELSHELL, PETROLEUM, STILLWATER, SWEET GRASS, TREASURE, WHEATLAND, AND YELLOWSTONE. WHAT WE VALUE: WE VALUE INTEGRITY, RELIABILITY, QUALITY, AFFORDABILITY, AND EMPLOYEES IN SERVING OUR COMMUNITY AND MEMBER-OWNERS. WHAT WE ASPIRE TO BECOME: WE ARE WORKING TO BECOME THE TRUSTED PROVIDER FOR ALL ENERGY AND ENERGY RELATED SERVICES THAT OUR MEMBERS REQUIRE.

• THE MISSION OF FERGUS ELECTRIC COOPERATIVE IS TO PROVIDE RELIABLE, SAFE, AND AFFORDABLE ENERGY SERVICES TO THE COMMUNITIES WE SERVE. WHO WE ARE: WE ARE A NON-PROFIT COOPERATIVE UTILITY OWNED, OPERATED AND SUPPORTED BY MEMBERS IN CENTRAL MONTANA. WHAT WE DO: WE DISTRIBUTE ELECTRICITY AND ANCILLARY SERVICES TO 14 CENTRAL MONTANA COUNTIES: BLAINE, CASCADE, CHOTEAU, FERGUS, GOLDEN VALLEY, JUDITH BASIN, MEAGHER, MUSSELSHELL, PETROLEUM, STILLWATER, SWEET GRASS, TREASURE, WHEATLAND, AND YELLOWSTONE. WHAT WE VALUE: WE VALUE INTEGRITY, RELIABILITY, QUALITY, AFFORDABILITY, AND EMPLOYEES IN SERVING OUR COMMUNITY AND MEMBER-OWNERS. WHAT WE ASPIRE TO BECOME: WE ARE WORKING TO BECOME THE TRUSTED PROVIDER FOR ALL ENERGY AND ENERGY RELATED SERVICES THAT OUR MEMBERS REQUIRE.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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

15 November 2023

IRS schema version

2022v5.0

Source object

202343189349304769

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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