Form 990 for tax year 2023
Filed by CENTRAL MONTANA ELECTRIC POWER COOPERATIVE INC.
Totals
- Total revenue
- $8,167,499
- Total expenses
- $1,257,303
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $2,478,861
- Investment income
- $268,348
- Other revenue
- $5,420,290
- Total assets, end of year
- $39,911,695
- Total liabilities, end of year
- $4,586,401
- Net assets or fund balances, end of year
- $35,325,294
- Program services expenses (Part IX)
- $1,109,646
- Management and general expenses
- $147,657
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 88.3% 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: SALES FOR RESALE
total $54,560,746 · related or exempt $54,560,746
-
2b · Program service revenue: GREEN TAG SALES
total $399,460 · related or exempt $399,460
-
2c · Program service revenue: METERING-TELEPHONE EXPENSE
total -$3,201 · related or exempt -$3,201
-
2d · Program service revenue: WESTERN STATES ADMIN. COST
total -$5,701 · related or exempt -$5,701
-
2e · Program service revenue: POWER PURCHASES
total -$52,472,443 · related or exempt -$52,472,443
-
3 · Investment income
total $268,348 · related or exempt $268,348
-
11a · Other revenue: CAPITAL CREDIT- BASIN
total $5,417,972 · related or exempt $5,417,972
-
11b · Other revenue: MANAGEMENT FEES
total $1,475 · related or exempt $1,475
-
11c · Other revenue: CAPITAL CREDIT- OTHER
total $843 · related or exempt $843
-
11e · Other revenue, total
$5,420,290
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $171,374 · program services $171,374
-
5 · Compensation of officers, directors and key employees
total $281,535 · program services $281,535
-
10 · Payroll taxes
total $14,875 · program services $14,875
-
11a · Fees: management
total $34,548 · management and general $34,548
-
11b · Fees: legal
total $40,377 · program services $40,377
-
11c · Fees: accounting
total $26,865 · program services $19,318 · management and general $7,547
-
11g · Fees: other
total $70,089 · management and general $70,089
-
13 · Office expenses
total $4,291 · program services $4,291
-
17 · Travel
total $47,482 · program services $24,349 · management and general $23,133
-
19 · Conferences, conventions and meetings
total $12,340 · management and general $12,340
-
22 · Depreciation, depletion and amortization
total $47,384 · program services $47,384
-
23 · Insurance
total $19,265 · program services $19,265
-
24a · Other expenses: TRANSMISSION SERVICES
total $457,428 · program services $457,428
-
24b · Other expenses: PLANT MAINTENANCE
total $29,450 · program services $29,450
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,819,979 · end of year $1,606,416
-
2 · Savings and temporary cash investments
beginning of year $4,435,620 · end of year $3,418,982
-
4 · Accounts receivable
beginning of year $5,695,965 · end of year $4,574,632
-
9 · Prepaid expenses and deferred charges
beginning of year $63,505 · end of year $130,000
-
10a · Land, buildings and equipment: cost or other basis
$330,766
-
10b · Land, buildings and equipment: accumulated depreciation
$245,769
-
10c · Land, buildings and equipment, net
beginning of year $99,049 · end of year $84,997
-
11 · Investments: publicly traded securities
end of year $1,432,569
-
13 · Investments: program-related
beginning of year $23,635,624 · end of year $28,630,766
-
15 · Other assets
beginning of year $66,667 · end of year $33,333
-
17 · Accounts payable and accrued expenses
beginning of year $5,842,175 · end of year $4,586,401
-
29 · Capital stock, trust principal or current funds
beginning of year $5,000 · end of year $5,000
-
31 · Retained earnings, endowment or other funds
beginning of year $31,969,234 · end of year $35,320,294
Mission and programs · 2023
Mission
TO PROVIDE WHOLESALE POWER TO 8 RURAL ELECTRIC COOPS
-
PROVIDING ELECTRICAL POWER TO 8 RURAL ELECTRIC COOPERATIVES. TWO MEMBERS ARE NON-PURCHASING.
-
PROVIDING ELECTRICAL POWER TO 8 RURAL ELECTRIC COOPERATIVES. TWO MEMBERS ARE NON-PURCHASING.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Shane BarrettSHANE BARRETT
VICE-PRES.
- Total calculated
- $0
-
Russell BloomRUSSELL BLOOM
TRUSTEE
- Total calculated
- $0
-
Dan GlikoDAN GLIKO
TRUSTEE
- Total calculated
- $0
-
Ruth HinnalandRUTH HINNALAND
TRUSTEE
- Total calculated
- $0
-
Alan JohnstoneALAN JOHNSTONE
TRUSTEE
- Total calculated
- $0
-
Patti QuisnoPATTI QUISNO
TRUSTEE
- Total calculated
- $0
-
Ron ReddigRON REDDIG
PRESIDENT
- Total calculated
- $0
-
Dan SwartzDAN SWARTZ
SECRETARY/TR
- Total calculated
- $0
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 30 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202421579349301702
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