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Nonprofiteer
← NEBRASKA ELECTRIC GENERATION AND TRANSMISSION COOPERATIVE INC

Form 990 for tax year 2025

Filed by NEBRASKA ELECTRIC GENERATION AND TRANSMISSION COOPERATIVE INC.

Totals

Total revenue
$261,718,447
Total expenses
$261,760,310
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$261,657,388
Investment income
$61,059
Other revenue
$0
Total assets, end of year
$21,001,381
Total liabilities, end of year
$20,074,145
Net assets or fund balances, end of year
$927,236
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 $260,968,094 · related or exempt $260,968,094

  • 2b · Program service revenue: Member Assessments

    total $688,218 · related or exempt $688,218

  • 2f · All other program service revenue

    total $1,076 · related or exempt $1,076

  • 3 · Investment income

    total $61,059 · excluded $61,059

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $401,607

  • 7 · Other salaries and wages

    total $87,031

  • 9 · Other employee benefits

    total $74,267

  • 10 · Payroll taxes

    total $22,018

  • 11b · Fees: legal

    total $45,799

  • 11c · Fees: accounting

    total $9,200

  • 11g · Fees: other

    total $21,219

  • 12 · Advertising and promotion

    total $1,494

  • 13 · Office expenses

    total $15,834

  • 16 · Occupancy

    total $34,030

  • 17 · Travel

    total $10,307

  • 19 · Conferences, conventions and meetings

    total $11,870

  • 22 · Depreciation, depletion and amortization

    total $2,190

  • 23 · Insurance

    total $2,423

  • 24a · Other expenses: Cost of Power

    total $260,968,094

  • 24b · Other expenses: Dues

    total $27,123

  • 24c · Other expenses: Director Expenses

    total $25,804

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,667,673 · end of year $1,499,604

  • 4 · Accounts receivable

    beginning of year $19,353,466 · end of year $19,470,245

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,177 · end of year $8,327

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

    $42,269

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

    $29,561

  • 10c · Land, buildings and equipment, net

    beginning of year $14,898 · end of year $12,708

  • 13 · Investments: program-related

    beginning of year $9,981 · end of year $10,497

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,992,588 · end of year $20,074,145

  • 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 $1,058,607 · end of year $927,236

Mission and programs · 2025

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 2025 return.

Listed in Part VII

  • Brad Bartak

    Vice President

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Brent Ballou

    Director

    Total calculated
    $1,750
    From this org
    $1,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Brent Stagemeyer

    Director

    Total calculated
    $1,000
    From this org
    $1,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Brian Lukasiewicz

    Director

    Total calculated
    $1,100
    From this org
    $1,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Danny Muhlbach

    Director

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

  • David Hamburger

    Secretary/Treasurer

    Total calculated
    $1,850
    From this org
    $1,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Dennis Reiners

    Director

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

  • Greg Johnson

    Director

    Total calculated
    $1,250
    From this org
    $1,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jeffrey Obermier

    Director

    Total calculated
    $1,100
    From this org
    $1,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • John Schmid

    President

    Total calculated
    $2,100
    From this org
    $2,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Kenneth Ham

    Director

    Total calculated
    $1,450
    From this org
    $1,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Larry Domina

    Director

    Total calculated
    $1,000
    From this org
    $1,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Larry White

    Director

    Total calculated
    $1,250
    From this org
    $1,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Leroy Mostek

    Director

    Total calculated
    $1,100
    From this org
    $1,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Mark Wyman

    Director

    Total calculated
    $1,250
    From this org
    $1,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Matthew Fritz

    Director

    Total calculated
    $1,450
    From this org
    $1,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Mike Kreitman

    Director

    Total calculated
    $1,250
    From this org
    $1,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Milan Siefken

    Director

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

  • Robert Schellpeper

    Director

    Total calculated
    $1,350
    From this org
    $1,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Rodney Zohner

    Director

    Total calculated
    $1,750
    From this org
    $1,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Darin Bloomquist

    General Manager

    Total calculated
    $410,060
    From this org
    $273,979
    From related orgs
    $0
    Other
    $136,081
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $270,000
    Bonus
    $0
    Other
    $3,979
    Deferred
    $103,975
    Nontaxable benefits
    $32,106
    Filer's total
    $410,060

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 $103,975 for the change in actuarial value of the defined benefit plan for Darin Bloomquist. Actual Cooperative contributions to the plan were $67,522.

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
2025
Filed
2 April 2026
IRS schema version
2025v4.1
Source object
202610929349301651

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