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Nonprofiteer
← BIG FLAT ELECTRIC COOPERATIVE INC

Form 990 for tax year 2023

Filed by BIG FLAT ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$4,133,561
Total expenses
$3,752,427
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,829,211
Investment income
$93,089
Other revenue
$211,261
Total assets, end of year
$11,756,069
Total liabilities, end of year
$1,891,030
Net assets or fund balances, end of year
$9,865,039
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: SALE OF ELECTRICITY

    total $3,829,211 · related or exempt $3,829,211

  • 3 · Investment income

    total $93,089 · related or exempt $93,089

  • 6a · Gross rents

    personal property $1,804

  • 6b · Less rental expenses

    personal property $0

  • 6c · Rental income or loss

    personal property $1,804

  • 6d · Net rental income or loss

    total $1,804 · excluded $1,804

  • 11a · Other revenue: PATRONAGE CAPITAL INCO

    total $209,457 · related or exempt $209,457

  • 11e · Other revenue, total

    $209,457

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $203,612

  • 5 · Compensation of officers, directors and key employees

    total $346,960

  • 7 · Other salaries and wages

    total $47,836

  • 9 · Other employee benefits

    total $3,843

  • 11b · Fees: legal

    total $13,562

  • 11c · Fees: accounting

    total $11,500

  • 11d · Fees: lobbying

    total $576

  • 11g · Fees: other

    total $573

  • 13 · Office expenses

    total $26,131

  • 14 · Information technology

    total $879

  • 19 · Conferences, conventions and meetings

    total $39,566

  • 20 · Interest

    total $40,057

  • 22 · Depreciation, depletion and amortization

    total $574,983

  • 23 · Insurance

    total $9,978

  • 24a · Other expenses: COST OF POWER

    total $1,076,544

  • 24b · Other expenses: DISTRIBUTION OPERATIONS

    total $562,464

  • 24c · Other expenses: DISTRIBUTION MAINTENANC

    total $396,663

  • 24d · Other expenses: CONSUMER ACCOUNTS EXPEN

    total $203,240

  • 24e · All other expenses

    total $193,460

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $382,185 · end of year $236,132

  • 2 · Savings and temporary cash investments

    beginning of year $1,770,643 · end of year $1,922,364

  • 4 · Accounts receivable

    beginning of year $447,645 · end of year $347,924

  • 8 · Inventories for sale or use

    beginning of year $461,344 · end of year $402,615

  • 9 · Prepaid expenses and deferred charges

    beginning of year $85,177 · end of year $91,986

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

    $24,300,952

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

    $17,118,173

  • 10c · Land, buildings and equipment, net

    beginning of year $6,918,138 · end of year $7,182,779

  • 13 · Investments: program-related

    beginning of year $1,425,239 · end of year $1,516,148

  • 15 · Other assets

    beginning of year $46,814 · end of year $56,121

  • 17 · Accounts payable and accrued expenses

    beginning of year $136,131 · end of year $84,657

  • 23 · Secured mortgages and notes payable

    beginning of year $1,066,058 · end of year $959,874

  • 25 · Other liabilities

    beginning of year $851,091 · end of year $846,499

  • 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 $5,121,073 · end of year $5,181,158

  • 31 · Retained earnings, endowment or other funds

    beginning of year $4,362,832 · end of year $4,683,881

Mission and programs · 2023

Mission

RURAL ELECTRIC COOPERATIVE ESTABLISHED TO PROVIDE ELECTRICAL POWER AND SERVICES TO ITS MEMBERS LOCATED IN THE NORTH CENTRAL PORTION OF MONTANA.

Activities or mission (Part I)

RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICITY AND UTILITY SERVICES TO ITS MEMBERS AND PATRONS LOCATED IN RURAL MONTANA.

  • TO PROVIDE ELECTRICITY & UTILITY SERVICES TO MEMBERS AND PATRONS LOCATED IN THE NORTH CENTRAL AREA OF MONTANA. IT IS A RURAL ELECTRIC COOPERATIVE WHICH SERVES APPROXIMATELY 1,136 MEMBERS.

As filed on the 2023 return.

Listed in Part VII

  • Roger Solberg

    VICE PRESIDENT

    Total calculated
    $3,825
    From this org
    $3,825
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Patty Quisno

    DIRECTOR

    Total calculated
    $4,350
    From this org
    $4,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Alan Wasson

    PRESIDENT

    Total calculated
    $8,770
    From this org
    $8,770
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Betty Campbell

    SECRETARY- TREASURER

    Total calculated
    $2,525
    From this org
    $2,525
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Duane Klindworth

    DIRECTOR

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Alan Van Voast

    DIRECTOR

    Total calculated
    $4,325
    From this org
    $4,325
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Kevin Koss

    DIRECTOR

    Total calculated
    $8,525
    From this org
    $8,525
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Kari Hammond

    OFFICE SUPERVISOR

    Total calculated
    $124,245
    From this org
    $87,826
    From related orgs
    $0
    Other
    $36,419
    Hours/week
    40

  • Gretchen Boardman

    GENERAL MANGER

    Total calculated
    $185,398
    From this org
    $145,319
    From related orgs
    $0
    Other
    $40,079
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,319
    Bonus
    $0
    Other
    $0
    Deferred
    $17,700
    Nontaxable benefits
    $22,379
    Filer's total
    $185,398

  • Darren Demarais

    OPERATION SUPERVISOR

    Total calculated
    $113,701
    From this org
    $113,701
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Joe Hould

    LINEMAN

    Total calculated
    $103,765
    From this org
    $103,765
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Ross Hasler

    LINEMAN

    Total calculated
    $101,808
    From this org
    $101,808
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Leif Sorenson

    LINEMAN

    Total calculated
    $101,801
    From this org
    $101,801
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Nathan Veit

    LINEMAN

    Total calculated
    $101,649
    From this org
    $101,649
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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
16 May 2024
IRS schema version
2023v5.0
Source object
202421449349300822

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