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Nonprofiteer
← BLUEBONNET ELECTRIC COOPERATIVE INC

Form 990 for tax year 2024

Filed by BLUEBONNET ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$365,251,747
Total expenses
$363,833,112
Contributions and grants received
$0
Grants paid
$515,489
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Listed in Part VII

  • BYRON BALKE

    ASST SECRETARY/TREASURER

    Total calculated
    $45,003
    From this org
    $45,003
    From related orgs
    $0
    Other
    $0
    Hours/week
    8.7 + 1 related

  • BRYAN BRACEWELL

    DIRECTOR

    Total calculated
    $44,995
    From this org
    $44,995
    From related orgs
    $0
    Other
    $0
    Hours/week
    8 + 1 related

  • RODERICK EMANUEL

    VICE CHAIRMAN

    Total calculated
    $46,055
    From this org
    $46,055
    From related orgs
    $0
    Other
    $0
    Hours/week
    8.4 + 1 related

  • ERVIN B FLENCHER JR

    CHAIRMAN

    Total calculated
    $49,443
    From this org
    $49,443
    From related orgs
    $0
    Other
    $0
    Hours/week
    9.9 + 1 related

  • DEBORAH GOERTZ

    DIRECTOR

    Total calculated
    $45,475
    From this org
    $45,475
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.6 + 1 related

  • RUSSELL JURK

    DIRECTOR

    Total calculated
    $45,257
    From this org
    $45,257
    From related orgs
    $0
    Other
    $0
    Hours/week
    8.3 + 1 related

  • ROBERT MIKESKA

    SECRETARY/TREASURER

    Total calculated
    $45,881
    From this org
    $45,881
    From related orgs
    $0
    Other
    $0
    Hours/week
    8.6 + 1 related

  • MILTON SHAW

    DIRECTOR

    Total calculated
    $44,619
    From this org
    $44,619
    From related orgs
    $0
    Other
    $0
    Hours/week
    9 + 1 related

  • CARRISSA WHITELEY

    DIRECTOR

    Total calculated
    $45,469
    From this org
    $45,469
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.8 + 1 related

  • MATTHEW BENTKE

    GENERAL MANAGER

    Total calculated
    $1,289,663
    From this org
    $970,799
    From related orgs
    $0
    Other
    $318,864
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $667,023
    Bonus
    $300,000
    Other
    $3,776
    Deferred
    $275,239
    Nontaxable benefits
    $43,625
    Filer's total
    $1,289,663

  • SARAH NEWMAN-ALTAMIRANO

    GENERAL COUNSEL

    Total calculated
    $573,346
    From this org
    $524,499
    From related orgs
    $0
    Other
    $48,847
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $395,659
    Bonus
    $125,000
    Other
    $3,840
    Deferred
    $31,050
    Nontaxable benefits
    $17,797
    Filer's total
    $573,346

  • ERIC KOCIAN

    CHIEF ENGINEER/SYSTEM OPS OFFICER

    Total calculated
    $650,747
    From this org
    $489,261
    From related orgs
    $0
    Other
    $161,486
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $380,489
    Bonus
    $105,000
    Other
    $3,772
    Deferred
    $123,555
    Nontaxable benefits
    $37,931
    Filer's total
    $650,747

  • GRANT GUTIERREZ

    CHIEF FINANCIAL OFFICER

    Total calculated
    $636,607
    From this org
    $485,339
    From related orgs
    $0
    Other
    $151,268
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $379,049
    Bonus
    $105,000
    Other
    $1,290
    Deferred
    $112,179
    Nontaxable benefits
    $39,089
    Filer's total
    $636,607

  • RACHEL ELLIS

    CHIEF ADMINISTRATIVE OFFIC

    Total calculated
    $530,304
    From this org
    $358,960
    From related orgs
    $0
    Other
    $171,344
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $282,100
    Bonus
    $75,000
    Other
    $1,860
    Deferred
    $144,161
    Nontaxable benefits
    $27,183
    Filer's total
    $530,304

  • WESLEY BRINKMEYER

    MGR COMMUNITY/DEVELOPMENTAL SERVICES

    Total calculated
    $385,267
    From this org
    $321,662
    From related orgs
    $0
    Other
    $63,605
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $276,994
    Bonus
    $43,128
    Other
    $1,540
    Deferred
    $29,545
    Nontaxable benefits
    $34,060
    Filer's total
    $385,267

  • WILLIAM HOLFORD

    MGR OF PUBLIC AFFAIRS

    Total calculated
    $349,539
    From this org
    $308,761
    From related orgs
    $0
    Other
    $40,778
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $263,709
    Bonus
    $40,000
    Other
    $5,052
    Deferred
    $27,464
    Nontaxable benefits
    $13,314
    Filer's total
    $349,539

  • DANIEL FOWLER

    MGR OF TECH PROGRAMS

    Total calculated
    $368,115
    From this org
    $302,161
    From related orgs
    $0
    Other
    $65,954
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $262,985
    Bonus
    $37,886
    Other
    $1,290
    Deferred
    $28,173
    Nontaxable benefits
    $37,781
    Filer's total
    $368,115

  • THOMAS ELLIS

    MGR OF ENGINEERING

    Total calculated
    $429,307
    From this org
    $300,396
    From related orgs
    $0
    Other
    $128,911
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $261,208
    Bonus
    $32,886
    Other
    $6,302
    Deferred
    $113,799
    Nontaxable benefits
    $15,112
    Filer's total
    $429,307

  • PHILLIP ELLIS

    MGR OF TECHNICAL SERVICES

    Total calculated
    $391,525
    From this org
    $298,546
    From related orgs
    $0
    Other
    $92,979
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $258,792
    Bonus
    $37,644
    Other
    $2,110
    Deferred
    $80,635
    Nontaxable benefits
    $12,344
    Filer's total
    $391,525

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 — 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

  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 4B
MATT BENTKE PARTICIPATES IN A SECTION 457(F) NON-QUALIFIED DEFERRED COMPENSATION (NQDC) PLAN. THE ACTUARIAL INCREASE ASSOCIATED WITH PARTICIPATION IN THE PLAN WAS $132,748 FOR 2024.
PART II, COLUMN C:
INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE AND YEARS OF SERVICE. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS AND THE LONGER THEY HAVE BEEN EMPLOYED, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTIONS TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. MATT BENTKE: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 128,691 ACTUARIAL INCREASE IN NQDC PLAN 132,748 EMPLOYER CONTRIBUTION TO 401(K) PLAN 13,800 TOTAL REPORTED IN COLUMN C $ 275,239 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT & NQDC PLANS (261,439) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT & NQDC PLANS 173,937 EXPENSE TO THE COOPERATIVE $ 187,737 ERIC KOCIAN: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 109,755 EMPLOYER CONTRIBUTION TO 401(K) PLAN 13,800 TOTAL REPORTED IN COLUMN C $ 123,555 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (109,755) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 96,014 EXPENSE TO THE COOPERATIVE $ 109,814 GRANT GUTIERREZ: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 98,379 EMPLOYER CONTRIBUTION TO 401(K) PLAN 13,800 TOTAL REPORTED IN COLUMN C $ 112,179 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (98,379) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 96,014 EXPENSE TO THE COOPERATIVE $ 109,814 SARAH NEWMAN-ALTAMIRANO: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ -0- EMPLOYER CONTRIBUTION TO 401(K) PLAN 31,050 TOTAL COLUMN C AND EXPENSE TO COOPERATIVE $ 31,050 RACHEL ELLIS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 130,361 EMPLOYER CONTRIBUTION TO 401(K) PLAN 13,800 TOTAL REPORTED IN COLUMN C $ 144,161 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (130,361) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 77,924 EXPENSE TO THE COOPERATIVE $ 91,724 THOMAS ELLIS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 101,838 EMPLOYER CONTRIBUTION TO 401(K) PLAN 11,961 TOTAL REPORTED IN COLUMN C $ 113,799 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (101,838) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 65,400 EXPENSE TO THE COOPERATIVE $ 77,361 PHILLIP ELLIS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ 68,723 EMPLOYER CONTRIBUTION TO 401(K) PLAN 11,912 TOTAL COLUMN C AND EXPENSE TO COOPERATIVE $ 80,635 LESS: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN (68,723) ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 62,618 EXPENSE TO THE COOPERATIVE $ 74,530 WESLEY BRINKMEYER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ -0- EMPLOYER CONTRIBUTION TO 401(K) PLAN 29,545 TOTAL REPORTED IN COLUMN C $ 29,545 DANIEL FOWLER: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ -0- EMPLOYER CONTRIBUTION TO 401(K) PLAN 28,173 TOTAL REPORTED IN COLUMN C $ 28,173 WILLIAM HOLFORD: ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN $ -0- EMPLOYER CONTRIBUTION TO 401(K) PLAN 27,464 TOTAL COLUMN C AND EXPENSE TO COOPERATIVE $ 27,464

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202543169349302319

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

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