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Nonprofiteer
← NEBRASKA ELECTRIC GENERATION AND TRANSMISSION COOPERATIVE INC

Form 990 for tax year 2022

Filed by NEBRASKA ELECTRIC GENERATION AND TRANSMISSION COOPERATIVE INC.

Totals

Total revenue
$248,434,126
Total expenses
$248,434,126
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$248,412,785
Investment income
$21,341
Other revenue
$0
Total assets, end of year
$27,043,726
Total liabilities, end of year
$25,765,274
Net assets or fund balances, end of year
$1,278,452
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: Sales

    total $247,751,909 · related or exempt $247,751,909

  • 2b · Program service revenue: Member Assessments

    total $651,922 · related or exempt $651,922

  • 2f · All other program service revenue

    total $8,954 · related or exempt $8,954

  • 3 · Investment income

    total $21,341 · excluded $21,341

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $41,822

  • 5 · Compensation of officers, directors and key employees

    total $302,010

  • 7 · Other salaries and wages

    total $75,919

  • 9 · Other employee benefits

    total $68,533

  • 10 · Payroll taxes

    total $18,354

  • 11b · Fees: legal

    total $8,908

  • 11c · Fees: accounting

    total $6,500

  • 11g · Fees: other

    total $52,446

  • 12 · Advertising and promotion

    total $1,264

  • 13 · Office expenses

    total $14,166

  • 16 · Occupancy

    total $31,515

  • 17 · Travel

    total $7,459

  • 19 · Conferences, conventions and meetings

    total $9,108

  • 22 · Depreciation, depletion and amortization

    total $2,105

  • 23 · Insurance

    total $2,256

  • 24a · Other expenses: Cost of Power

    total $247,751,909

  • 24b · Other expenses: Director Expenses

    total $24,379

  • 24c · Other expenses: Dues

    total $15,473

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $5,928,743 · end of year $4,115,522

  • 4 · Accounts receivable

    beginning of year $18,713,998 · end of year $22,893,007

  • 9 · Prepaid expenses and deferred charges

    beginning of year $28,774 · end of year $9,591

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

    $44,972

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

    $28,906

  • 10c · Land, buildings and equipment, net

    beginning of year $18,171 · end of year $16,066

  • 13 · Investments: program-related

    beginning of year $8,665 · end of year $9,540

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,461,721 · end of year $25,765,274

  • 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 $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,236,630 · end of year $1,278,452

Mission and programs · 2022

Mission

None.

Activities or mission (Part I)

Wholesale power supply and delivery to our members.

  • Supplied power to 19 rural public power districts and 1 electric membership corporation.

As filed on the 2022 return.

Listed in Part VII

  • Danny Muhlbach

    Vice President

    Total calculated
    $1,800
    From this org
    $1,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Keith Baker

    President

    Total calculated
    $1,700
    From this org
    $1,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • David Hamburger

    Director

    Total calculated
    $1,700
    From this org
    $1,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Rodney Zohner

    Director

    Total calculated
    $1,400
    From this org
    $1,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • John Schmid

    Secretary/Treasurer

    Total calculated
    $1,300
    From this org
    $1,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Gordon Fulton

    Director

    Total calculated
    $1,200
    From this org
    $1,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Vernon Kuhnel

    Director

    Total calculated
    $900
    From this org
    $900
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Gerald Bohling

    Director

    Total calculated
    $900
    From this org
    $900
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Orie Friesen

    Director

    Total calculated
    $900
    From this org
    $900
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Milan Siefken

    Director

    Total calculated
    $900
    From this org
    $900
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • James Scherer

    Director

    Total calculated
    $900
    From this org
    $900
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Leroy Mostek

    Director

    Total calculated
    $800
    From this org
    $800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Dennis Reiners

    Director

    Total calculated
    $800
    From this org
    $800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Kenneth Ham

    Director

    Total calculated
    $800
    From this org
    $800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Dennis Sperling

    Director

    Total calculated
    $700
    From this org
    $700
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Brent Ballou

    Director

    Total calculated
    $700
    From this org
    $700
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Richard Erwin

    Director

    Total calculated
    $500
    From this org
    $500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Brad Bartak

    Director

    Total calculated
    $400
    From this org
    $400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Larry White

    Director

    Total calculated
    $400
    From this org
    $400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Ed Lammers

    Director (Alternate)

    Total calculated
    $200
    From this org
    $200
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Matt Fritz

    Director

    Total calculated
    $200
    From this org
    $200
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Darin Bloomquist

    General Manager

    Total calculated
    $329,897
    From this org
    $208,662
    From related orgs
    $0
    Other
    $121,235
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,325
    Bonus
    $0
    Other
    $3,337
    Deferred
    $94,642
    Nontaxable benefits
    $26,593
    Filer's total
    $329,897

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

  • 3 · Compensation committee
  • 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

The filer's explanations (Part III)

Explanation of amount reported in Part II, Column (c).
Included in the amount reported in column C is $94,642 for the change in actuarial value of the defined benefit plan for Darin Bloomquist. Actual Cooperative contributions to the plan were $47,654.

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
10 May 2023
IRS schema version
2022v5.0
Source object
202311819349300811

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