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← ILIAMNA NEWHALEN NONDALTON ELECTRIC CO-OP

Form 990 for tax year 2025

Filed by ILIAMNA NEWHALEN NONDALTON ELECTRIC CO-OP.

Totals

Total revenue
$1,831,436
Total expenses
$1,831,436
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,639,374
Investment income
$192,062
Other revenue
$0
Total assets, end of year
$11,817,363
Total liabilities, end of year
$5,386,293
Net assets or fund balances, end of year
$6,431,070
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: CAPITAL CREDITS

    total $28,074 · related or exempt $28,074

  • 2b · Program service revenue: SALE OF ELECTRICITY

    total $1,611,300 · related or exempt $1,611,300

  • 3 · Investment income

    total $187,062 · excluded $187,062

  • 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 $5,000

  • 7c · Gain or loss

    other assets $5,000

  • 7d · Net gain or loss

    total $5,000 · related or exempt $5,000

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $321,929

  • 5 · Compensation of officers, directors and key employees

    total $365,158

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $302,510

  • 8 · Pension plan contributions

    total $6,500

  • 9 · Other employee benefits

    total $2,201

  • 10 · Payroll taxes

    total $55,029

  • 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 $192,481

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $223,406

  • 23 · Insurance

    total $0

  • 24a · Other expenses: ADMIN & GEN EXP

    total $633,366

  • 24b · Other expenses: POWER PRODUCTION

    total $265,919

  • 24c · Other expenses: CONSUMER ACCOUNTS

    total $150,432

  • 24d · Other expenses: DISTRIBUTION - MAINTENANCE

    total $23,208

  • 24e · All other expenses

    total -$710,703

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $200 · end of year $200

  • 2 · Savings and temporary cash investments

    beginning of year $3,224,452 · end of year $3,126,179

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $130,517 · end of year $224,616

  • 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 $819,790 · end of year $733,333

  • 9 · Prepaid expenses and deferred charges

    beginning of year $186,382 · end of year $466,884

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

    $13,781,223

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

    $7,109,544

  • 10c · Land, buildings and equipment, net

    beginning of year $6,760,427 · end of year $6,671,679

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    beginning of year $4,533 · end of year $0

  • 13 · Investments: program-related

    beginning of year $577,922 · end of year $594,472

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $75,224 · end of year $118,180

  • 19 · Deferred revenue

    beginning of year $57,820 · end of year $33,932

  • 23 · Secured mortgages and notes payable

    beginning of year $4,270,588 · end of year $4,042,341

  • 25 · Other liabilities

    beginning of year $1,190,440 · end of year $1,191,840

  • 29 · Capital stock, trust principal or current funds

    beginning of year $1,010

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $7,003 · end of year $7,003

  • 31 · Retained earnings, endowment or other funds

    beginning of year $6,102,138 · end of year $6,424,067

Mission and programs · 2025

Mission

THE GENERATION AND SALES OF ELECTRICAL ENERGY TO THE COMMUNITIES OF ILIAMNA, NEWHALEN, AND NONDALTON, ALASKA.

  • INN ELECTRIC COOPERATIVE INC IS A RURAL ELECTRIC COOPERATIVE PROVIDING ELECTRIC SERVICES TO ITS MEMBERS.

As filed on the 2025 return.

Listed in Part VII

  • Terri Harper

    GENERAL MANAGER

    Total calculated
    $209,743
    From this org
    $175,050
    From related orgs
    $0
    Other
    $34,693
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,050
    Bonus
    not reported
    Other
    not reported
    Deferred
    $8,003
    Nontaxable benefits
    $26,690
    Filer's total
    $209,743

  • George Hornberger

    GENERAL MANAGER

    Total calculated
    $140,415
    From this org
    $117,619
    From related orgs
    $0
    Other
    $22,796
    Hours/week
    40

  • Bob Tracey

    SECRETARY/TREAS

    Total calculated
    $3,250
    From this org
    $3,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.35

  • Gary Martilla

    Director

    Total calculated
    $3,250
    From this org
    $3,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.35

  • Margie Olympic

    President

    Total calculated
    $3,250
    From this org
    $3,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.35

  • John Baechler

    Vice President

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.32

  • Thomas Hedlund

    Director

    Total calculated
    $2,250
    From this org
    $2,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.29

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 · 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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
3 August 2026
IRS schema version
2025v4.1
Source object
202632159349301098

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