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Nonprofiteer
← CENTRAL MONTANA ELECTRIC POWER COOPERATIVE INC

Form 990 for tax year 2022

Filed by CENTRAL MONTANA ELECTRIC POWER COOPERATIVE INC.

Totals

Total revenue
$6,737,063
Total expenses
$1,164,855
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,323,874
Investment income
$106,752
Other revenue
$3,306,437
Total assets, end of year
$37,816,409
Total liabilities, end of year
$5,842,175
Net assets or fund balances, end of year
$31,974,234
Program services expenses (Part IX)
$1,021,939
Management and general expenses
$142,916
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 87.7% 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.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: BILL CREDITS

    total $2,990,109 · related or exempt $2,990,109

  • 2b · Program service revenue: GREEN TAG SALES

    total $333,765 · related or exempt $333,765

  • 3 · Investment income

    total $106,752 · related or exempt $106,752

  • 11a · Other revenue: SALES FOR RESALE

    total $55,491,349 · related or exempt $55,491,349

  • 11b · Other revenue: CAPITAL CREDIT- BASIN

    total $1,477,283 · related or exempt $1,477,283

  • 11c · Other revenue: CAPITAL CREDIT- OTHER

    total $1,415 · related or exempt $1,415

  • 11d · All other revenue

    total -$53,663,610 · related or exempt -$53,663,610

  • 11e · Other revenue, total

    $3,306,437

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $151,367 · program services $151,367

  • 5 · Compensation of officers, directors and key employees

    total $258,390 · program services $258,390

  • 10 · Payroll taxes

    total $13,668 · program services $13,668

  • 11a · Fees: management

    total $35,018 · management and general $35,018

  • 11b · Fees: legal

    total $6,184 · program services $6,184

  • 11c · Fees: accounting

    total $25,399 · program services $17,971 · management and general $7,428

  • 11g · Fees: other

    total $65,261 · management and general $65,261

  • 13 · Office expenses

    total $8,657 · program services $8,657

  • 17 · Travel

    total $50,081 · program services $28,045 · management and general $22,036

  • 19 · Conferences, conventions and meetings

    total $13,173 · management and general $13,173

  • 22 · Depreciation, depletion and amortization

    total $47,384 · program services $47,384

  • 23 · Insurance

    total $18,284 · program services $18,284

  • 24a · Other expenses: TRANSMISSION SERVICES

    total $444,373 · program services $444,373

  • 24b · Other expenses: PLANT MAINTENANCE

    total $27,616 · program services $27,616

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,240,046 · end of year $3,819,979

  • 2 · Savings and temporary cash investments

    beginning of year $2,631,575 · end of year $4,435,620

  • 4 · Accounts receivable

    beginning of year $5,015,743 · end of year $5,695,965

  • 9 · Prepaid expenses and deferred charges

    beginning of year $35,041 · end of year $63,505

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

    $330,766

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

    $231,717

  • 10c · Land, buildings and equipment, net

    beginning of year $113,100 · end of year $99,049

  • 12 · Investments: other securities

    beginning of year $23,386,351

  • 13 · Investments: program-related

    end of year $23,635,624

  • 15 · Other assets

    beginning of year $100,000 · end of year $66,667

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,365,323 · end of year $5,842,175

  • 29 · Capital stock, trust principal or current funds

    beginning of year $5,000 · end of year $5,000

  • 31 · Retained earnings, endowment or other funds

    beginning of year $29,151,533 · end of year $31,969,234

Mission and programs · 2022

Mission

TO PROVIDE WHOLESALE POWER TO 8 RURAL ELECTRIC COOPS

  • PROVIDING ELECTRICAL POWER TO 8 RURAL ELECTRIC COOPERATIVES. TWO MEMBERS ARE NON-PURCHASING.

  • PROVIDING ELECTRICAL POWER TO 8 RURAL ELECTRIC COOPERATIVES. TWO MEMBERS ARE NON-PURCHASING.

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

Listed in Part VII

  • Doug Hardy

    MANAGER

    Total calculated
    $269,149
    From this org
    $269,149
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $269,149
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $269,149

  • Russell Bloom

    TRUSTEE

    Total calculated
    $7,950
    From this org
    $7,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.5

  • Ruth Hinnaland

    TRUSTEE

    Total calculated
    $4,050
    From this org
    $4,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Ron Reddig

    PRESIDENT

    Total calculated
    $3,900
    From this org
    $3,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Dan Gliko

    TRUSTEE

    Total calculated
    $3,600
    From this org
    $3,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Alan Johnstone

    TRUSTEE

    Total calculated
    $3,600
    From this org
    $3,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Patti Quisno

    TRUSTEE

    Total calculated
    $3,600
    From this org
    $3,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Dan Swartz

    SECRETARY/TR

    Total calculated
    $2,500
    From this org
    $2,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Shane Barrett

    VICE-PRES.

    Total calculated
    $2,400
    From this org
    $2,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

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

None.

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
25 May 2023
IRS schema version
2022v5.0
Source object
202321509349301212

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