Form 990 for tax year 2022
Filed by WESTERN MONTANA ELECTRIC GENERATING & TRANSMISSION COOPERATIVE.
Totals
- Total revenue
- $428,567
- Total expenses
- $400,064
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $427,716
- Investment income
- $851
- Other revenue
- $0
- Total assets, end of year
- $90,777
- Total liabilities, end of year
- $45,257
- Net assets or fund balances, end of year
- $45,520
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $401,238
Program services were 0.0% 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: Member Dues
total $295,346 · related or exempt $295,346 · unrelated business $0 · excluded $0
-
2b · Program service revenue: CRN Dues
total $1,770 · related or exempt $1,770 · unrelated business $0 · excluded $0
-
2c · Program service revenue: Misc. Income
total $600 · related or exempt $600 · unrelated business $0 · excluded $0
-
2d · Program service revenue: Consulting Services
total $130,000 · related or exempt $130,000 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $851 · related or exempt $851 · unrelated business $0 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $243,295
-
8 · Pension plan contributions
total $103,507
-
9 · Other employee benefits
total $24,618
-
10 · Payroll taxes
total $12,728
-
13 · Office expenses
total $2,009
-
17 · Travel
total $7,903
-
23 · Insurance
total $825
-
24a · Other expenses: CRN Dues
total $1,770
-
24b · Other expenses: Memberships/Dues/Subscriptions
total $3,398
-
24c · Other expenses: Misc. Other Expenses
total $11
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $18,172 · end of year $13,120
-
2 · Savings and temporary cash investments
beginning of year $21,873 · end of year $69,140
-
10a · Land, buildings and equipment: cost or other basis
$1,252
-
10b · Land, buildings and equipment: accumulated depreciation
$626
-
10c · Land, buildings and equipment, net
beginning of year $626 · end of year $626
-
12 · Investments: other securities
beginning of year $23,977 · end of year $7,891
-
17 · Accounts payable and accrued expenses
beginning of year $0
-
25 · Other liabilities
beginning of year $46,457 · end of year $45,257
-
27 · Net assets without donor restrictions
beginning of year $18,191 · end of year $45,520
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2022
Mission
Western Montana Electric Generating and Transmission Cooperative, Inc. (the Cooperative) was formed to assist its members in obtaining low cost, reliable supplies of electric energy for resale to rural customers in western Montana. It promotes the interests of its members.
Activities or mission (Part I)
Representing members interests in obtaining low cost electric power for the benefit of member utilities.
-
Representing the interests of the members in obtaining low cost, reliable power supply.
Expenses $401,238 · Revenue $428,567
As filed on the 2022 return.
Listed in Part VII
-
Joe Lukas
General Manager
- Total calculated
- $267,911
- From this org
- $243,293
- From related orgs
- $0
- Other
- $24,618
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $243,295
- Bonus
- $0
- Other
- $0
- Deferred
- $24,618
- Nontaxable benefits
- $0
- Filer's total
- $267,913
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
- 3 August 2023
- IRS schema version
- 2022v5.0
- Source object
- 202312169349300601
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