Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: Member power sales

  total $24,892,643 · related or exempt $24,892,643

• 2b · Program service revenue: Other operating revenues

  total $164,335 · related or exempt $164,335

• 3 · Investment income

  total $319,180 · related or exempt $278,009 · excluded $41,171

• 4 · Income from investment of tax-exempt bond proceeds

  total $0

• 5 · Royalties

  total $0

• 6a · Gross rents

  real property $63,220

• 6c · Rental income or loss

  real property $63,220

• 6d · Net rental income or loss

  total $63,220 · excluded $63,220

• 7a · Gross sales of assets other than inventory

  other assets $45,000

• 7b · Less cost or other basis and sales expenses

  other assets $2,080

• 7c · Gain or loss

  other assets $42,920

• 7d · Net gain or loss

  total $42,920 · related or exempt $42,920

• 8c · Net income from fundraising events

  total $0

• 9c · Net income from gaming

  total $0

• 10c · Net income from sales of inventory

  total $0

• 11a · Other revenue: Equity in sub income

  total $952,060 · unrelated business $952,060

• 11b · Other revenue: Other non-op. income

  total $700 · related or exempt $700

• 11e · Other revenue, total

  $952,760

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $0

• 2 · Grants to domestic individuals

  total $0

• 3 · Grants to foreign organizations and individuals

  total $0

• 4 · Benefits paid to or for members

  total $1,785,059

• 5 · Compensation of officers, directors and key employees

  total $961,095

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $3,561,054

• 8 · Pension plan contributions

  total $786,434

• 9 · Other employee benefits

  total $760,068

• 10 · Payroll taxes

  total $377,042

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $9,723

• 11c · Fees: accounting

  total $17,625

• 11d · Fees: lobbying

  total $2,131

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $0

• 11g · Fees: other

  total $160,789

• 12 · Advertising and promotion

  total $233,653

• 13 · Office expenses

  total $71,645

• 14 · Information technology

  total $277,860

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $0

• 17 · Travel

  total $13,409

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $195,349

• 20 · Interest

  total $1,162,620

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $2,510,233

• 23 · Insurance

  total $249,702

• 24a · Other expenses: Cost of power

  total $11,638,326

• 24b · Other expenses: Distribution - operations

  total $3,264,996

• 24c · Other expenses: Distribution - maintenance

  total $2,040,160

• 24d · Other expenses: Administration and general

  total $787,884

• 24e · All other expenses

  total -$4,968,650

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $712,140 · end of year $1,494,464

• 2 · Savings and temporary cash investments

  end of year $0

• 3 · Pledges and grants receivable

  end of year $0

• 4 · Accounts receivable

  beginning of year $3,079,589 · end of year $2,877,943

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 7 · Other notes and loans receivable

  end of year $0

• 8 · Inventories for sale or use

  beginning of year $1,886,236 · end of year $3,522,543

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,079,983 · end of year $939,129

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

  $103,465,124

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

  $43,052,520

• 10c · Land, buildings and equipment, net

  beginning of year $57,603,916 · end of year $60,412,604

• 11 · Investments: publicly traded securities

  end of year $0

• 12 · Investments: other securities

  beginning of year $1,226,512 · end of year $1,749,268

• 13 · Investments: program-related

  beginning of year $4,731,111 · end of year $4,825,914

• 14 · Intangible assets

  end of year $0

• 15 · Other assets

  end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $4,637,545 · end of year $5,061,882

• 23 · Secured mortgages and notes payable

  beginning of year $29,228,151 · end of year $32,263,971

• 25 · Other liabilities

  beginning of year $2,526,608 · end of year $3,547,964

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

  beginning of year $8,401,876 · end of year $9,412,058

• 31 · Retained earnings, endowment or other funds

  beginning of year $25,525,307 · end of year $25,535,990

The filer's explanations (Part III)

Part I, Line 1a: Relevant information in regards to selections on 1a.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• Energy Partners LLC

  Sale of Propane and Propane Services · MT · 50% owned · share of income $559,362 · share of assets $8,610,955 · general or managing partner

  Directly controlled by MEC owns 50

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• Missoula Electric Coop Education Trust

  TRUST · Distribute funds for educational purpose · MT · 100% owned · share of income -$68 · share of assets $201,373