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Nonprofiteer
← BRIDGER VALLEY ELECTRIC ASSOCIATION INC

Form 990 for tax year 2022

Filed by BRIDGER VALLEY ELECTRIC ASSOCIATION INC.

Totals

Total revenue
$14,256,322
Total expenses
$14,256,322
Contributions and grants received
$0
Grants paid
$10,000
Program service revenue
$14,011,413
Investment income
$247,904
Other revenue
-$2,995
Total assets, end of year
$30,806,159
Total liabilities, end of year
$10,631,099
Net assets or fund balances, end of year
$20,175,060
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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: CONTRACT WORK

    total $7,567 · related or exempt $7,567

  • 2b · Program service revenue: ELECTRIC ENERGY SALES

    total $13,255,028 · related or exempt $13,255,028

  • 2c · Program service revenue: INTERNET SERVICE SALES

    total $738,894 · related or exempt $738,894

  • 2d · Program service revenue: POLE RENTALS

    total $9,924 · related or exempt $9,924

  • 3 · Investment income

    total $210,077 · excluded $210,077

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    other assets $37,827

  • 7c · Gain or loss

    other assets $37,827

  • 7d · Net gain or loss

    total $37,827 · excluded $37,827

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $29,552

  • 10b · Cost of goods sold

    $32,547

  • 10c · Net income from sales of inventory

    total -$2,995 · excluded -$2,995

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,000

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $950,315

  • 5 · Compensation of officers, directors and key employees

    total $713,084

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $2,240,545

  • 8 · Pension plan contributions

    total $397,697

  • 9 · Other employee benefits

    total $768,557

  • 10 · Payroll taxes

    total $203,829

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $333,089

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $1,430,201

  • 23 · Insurance

    total $0

  • 24a · Other expenses: Cost of power

    total $5,932,870

  • 24b · Other expenses: DISTRIBUTION COSTS A/C 6130+31

    total $2,083,315

  • 24c · Other expenses: ADMIN & GENERAL EXP

    total $1,976,115

  • 24d · Other expenses: INTERNET COSTS

    total $622,286

  • 24e · All other expenses

    total -$3,405,581

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $600 · end of year $600

  • 2 · Savings and temporary cash investments

    beginning of year $804,357 · end of year $1,231,977

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $1,526,512 · end of year $1,737,678

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    beginning of year $507,921 · end of year $617,485

  • 9 · Prepaid expenses and deferred charges

    beginning of year $88,195 · end of year $213,690

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

    $50,693,531

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

    $25,641,713

  • 10c · Land, buildings and equipment, net

    beginning of year $24,841,939 · end of year $25,051,818

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    beginning of year $1,181,126 · end of year $1,236,244

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $780,556 · end of year $716,667

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,101,864 · end of year $2,211,713

  • 23 · Secured mortgages and notes payable

    beginning of year $6,805,567 · end of year $7,670,844

  • 25 · Other liabilities

    beginning of year $813,325 · end of year $748,542

  • 31 · Retained earnings, endowment or other funds

    beginning of year $20,010,450 · end of year $20,175,060

Mission and programs · 2022

Mission

sale of electric power and internet service to members

  • SALE OF ELECTRIC UTILITY SERVICE TO MEMBERS.

  • PROVIDE INTERNET SERVICE TO MEMBERS.

As filed on the 2022 return.

Listed in Part VII

  • Andrew J Hewitt

    General Manager

    Total calculated
    $203,518
    From this org
    $149,565
    From related orgs
    $0
    Other
    $53,953
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,565
    Bonus
    not reported
    Other
    not reported
    Deferred
    $22,721
    Nontaxable benefits
    $31,232
    Filer's total
    $203,518

  • Justin Sweep

    OFFICE/FIN MGR

    Total calculated
    $178,320
    From this org
    $127,156
    From related orgs
    $0
    Other
    $51,164
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,156
    Bonus
    not reported
    Other
    not reported
    Deferred
    $20,485
    Nontaxable benefits
    $30,679
    Filer's total
    $178,320

  • Douglas J Redden

    Former GM

    Total calculated
    $178,196
    From this org
    $158,887
    From related orgs
    $0
    Other
    $19,309
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,887
    Bonus
    not reported
    Other
    not reported
    Deferred
    $10,288
    Nontaxable benefits
    $9,021
    Filer's total
    $178,196

  • Bobby Larsen

    OPERATIONS MGR

    Total calculated
    $172,474
    From this org
    $121,880
    From related orgs
    $0
    Other
    $50,594
    Hours/week
    41

    Schedule J breakdown matched by us

    Base
    $121,880
    Bonus
    not reported
    Other
    not reported
    Deferred
    $20,006
    Nontaxable benefits
    $30,588
    Filer's total
    $172,474

  • Dale Madsen

    TECHNICAL MANAGER

    Total calculated
    $165,999
    From this org
    $116,898
    From related orgs
    $0
    Other
    $49,101
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $116,898
    Bonus
    not reported
    Other
    not reported
    Deferred
    $18,020
    Nontaxable benefits
    $31,081
    Filer's total
    $165,999

  • Jeremy Tysver

    LINEMAN

    Total calculated
    $165,973
    From this org
    $116,510
    From related orgs
    $0
    Other
    $49,463
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $116,510
    Bonus
    not reported
    Other
    not reported
    Deferred
    $18,426
    Nontaxable benefits
    $31,037
    Filer's total
    $165,973

  • Matt Richards

    OPERATIONS SUPER

    Total calculated
    $165,144
    From this org
    $116,310
    From related orgs
    $0
    Other
    $48,834
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $116,310
    Bonus
    not reported
    Other
    not reported
    Deferred
    $17,818
    Nontaxable benefits
    $31,016
    Filer's total
    $165,144

  • Eldon McCreath

    LINEMAN

    Total calculated
    $162,145
    From this org
    $113,527
    From related orgs
    $0
    Other
    $48,618
    Hours/week
    42

    Schedule J breakdown matched by us

    Base
    $113,527
    Bonus
    not reported
    Other
    not reported
    Deferred
    $17,581
    Nontaxable benefits
    $31,037
    Filer's total
    $162,145

  • Clark Anderson

    Director

    Total calculated
    $26,100
    From this org
    $26,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Ruth Rees

    Sec/Treas

    Total calculated
    $24,300
    From this org
    $24,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Marvin Applequist

    President

    Total calculated
    $22,550
    From this org
    $22,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Jayson Haycock

    Director

    Total calculated
    $22,500
    From this org
    $22,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.5

  • Gary Nix

    Vice President

    Total calculated
    $21,300
    From this org
    $21,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • Rick Maxfield

    Director

    Total calculated
    $20,700
    From this org
    $20,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Lacee Bernard

    Director

    Total calculated
    $15,600
    From this org
    $15,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.5

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 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

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
26 October 2023
IRS schema version
2022v5.0
Source object
202302999349302145

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