Skip to content
Nonprofiteer
← KOOTENAI ELECTRIC COOPERATIVE INC

Form 990 for tax year 2022

Filed by KOOTENAI ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$60,097,457
Total expenses
$62,113,343
Contributions and grants received
$0
Grants paid
$16,642
Program service revenue
$57,923,391
Investment income
$431,985
Other revenue
$1,742,081
Total assets, end of year
$242,059,488
Total liabilities, end of year
$156,161,124
Net assets or fund balances, end of year
$85,898,364
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

  • WILLIAM SWICK

    CHAIRPERSON

    Total calculated
    $36,202
    From this org
    $36,202
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • TIM MEYER

    VICE CHAIRPERSON

    Total calculated
    $28,852
    From this org
    $28,852
    From related orgs
    $0
    Other
    $0
    Hours/week
    13

  • ROGER TINKEY

    DIRECTOR

    Total calculated
    $27,102
    From this org
    $27,102
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • DAVID BOBBITT

    DIRECTOR

    Total calculated
    $27,627
    From this org
    $7,127
    From related orgs
    $0
    Other
    $20,500
    Hours/week
    8.7

  • JAMES ROBBINS

    DIRECTOR

    Total calculated
    $36,289
    From this org
    $36,289
    From related orgs
    $0
    Other
    $0
    Hours/week
    13.8

  • TODD HOFFMAN

    DIRECTOR

    Total calculated
    $27,627
    From this org
    $7,127
    From related orgs
    $0
    Other
    $20,500
    Hours/week
    6

  • CRYSTAL MUSSELMAN

    DIRECTOR

    Total calculated
    $28,152
    From this org
    $7,656
    From related orgs
    $0
    Other
    $20,496
    Hours/week
    3.5

  • DOUGLAS ELLIOT

    GENERAL MANAGER/CEO

    Total calculated
    $522,852
    From this org
    $299,687
    From related orgs
    $0
    Other
    $223,165
    Hours/week
    52

    Schedule J breakdown matched by us

    Base
    $276,500
    Bonus
    $0
    Other
    $23,187
    Deferred
    $191,825
    Nontaxable benefits
    $34,486
    Filer's total
    $525,998

  • REED CHRISTENSEN

    VP ACCOUNTING/FINANCE & IT/CFO

    Total calculated
    $255,190
    From this org
    $174,638
    From related orgs
    $0
    Other
    $80,552
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $163,534
    Bonus
    $0
    Other
    $11,104
    Deferred
    $45,674
    Nontaxable benefits
    $36,915
    Filer's total
    $257,227

  • BENJAMIN COOK

    JOURNEYMAN SERVICE LINEMAN

    Total calculated
    $254,051
    From this org
    $167,062
    From related orgs
    $0
    Other
    $86,989
    Hours/week
    43.5

    Schedule J breakdown matched by us

    Base
    $150,454
    Bonus
    $0
    Other
    $16,608
    Deferred
    $52,895
    Nontaxable benefits
    $35,620
    Filer's total
    $255,577

  • KEITH GEDNALSKE

    FOREMAN

    Total calculated
    $303,911
    From this org
    $190,342
    From related orgs
    $0
    Other
    $113,569
    Hours/week
    44.3

    Schedule J breakdown matched by us

    Base
    $178,183
    Bonus
    $0
    Other
    $12,159
    Deferred
    $93,336
    Nontaxable benefits
    $21,900
    Filer's total
    $305,578

  • DIANE GRISWOLD

    VP HUMAN RESOURCE

    Total calculated
    $280,571
    From this org
    $174,489
    From related orgs
    $0
    Other
    $106,082
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $161,568
    Bonus
    $0
    Other
    $12,921
    Deferred
    $83,942
    Nontaxable benefits
    $24,217
    Filer's total
    $282,648

  • JULIE TURBIN

    VP OPS & OPS SERVICES

    Total calculated
    $415,138
    From this org
    $178,242
    From related orgs
    $0
    Other
    $236,896
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $159,679
    Bonus
    $200
    Other
    $18,363
    Deferred
    $206,413
    Nontaxable benefits
    $32,469
    Filer's total
    $417,124

  • RYAN VANDEWERKER

    ELECTROTECH

    Total calculated
    $262,974
    From this org
    $182,372
    From related orgs
    $0
    Other
    $80,602
    Hours/week
    45.6

    Schedule J breakdown matched by us

    Base
    $179,690
    Bonus
    $0
    Other
    $2,682
    Deferred
    $47,813
    Nontaxable benefits
    $34,337
    Filer's total
    $264,522

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

  • 1a · Health or social club dues or initiation fees
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 1b · Written policy on the line-1a expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
KEC OFFERS GYM MEMBERSHIP REIMBURSEMENTS THROUGH PAYROLL. EMPLOYEES MAY ENROLL IN A MONTHLY INDIVIDUAL REIMBURSEMENT OR A FAMILY REIMBURSEMENT. THE INDIVIDUAL RATE IS UP TO $30/MONTH AND THE FAMILY RATE IS UP TO $50/MONTH.
PART I, LINE 1B
THERE IS NO FORMAL POLICY ON THE GYM MEMBERSHIP REIMBURSEMENTS. THE HUMAN RESOURCE DEPARTMENT AND GENERAL MANAGER ARE RESPONSIBLE FOR OFFERING THE BENEFIT AS A PART OF WELLNESS INCENTIVES OFFERED TO EMPLOYEES. THE HR DEPARTMENT REQUIRES PROOF OF THE EMPLOYEE'S MONTHLY GYM MEMBERSHIP COST, WHICH CAN BE SUBSTANTIATED WITH A RECEIPT OR A BANK STATEMENT. THIS DOCUMENTATION IS RETAINED WITH THE FORM THE EMPLOYEE FILLS OUT REQUESTING THE REIMBURSEMENT. SUBSTANTIATION IS ONLY REQUIRED WHEN FIRST SIGNING UP FOR THE REIMBURSEMENT AND THE EMPLOYEE IS REQUIRED TO INFORM KEC WHEN THEY TERMINATE THEIR GYM MEMBERSHIP. KEC CAN (AND HAS) AUDIT THE EMPLOYEE'S CLAIM FOR GYM MEMBERSHIP REIMBURSEMENT AT ANY TIME.
PART II, COLUMN C:
INCLUDED IN COLUMN "C" , DEFERRED COMPENSATION, IS THE ESTIMATED ANNUAL INCREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN.

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
24 October 2023
IRS schema version
2022v5.0
Source object
202342979349301964

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

The source document this was parsed from is served over the API, which is where bulk and document access live.