LOWER VALLEY ENERGY INC: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- LOWER VALLEY ENERGY INC (EIN 83-0129756)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-07-23
- IRS object ID
- 201922049349301267
- Schema version
- 2018v3.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-07-23T18:56:32-04:00 | ReturnTs |
| Tax Period End | 2018-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 813151222 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Succentrix Business Advisors | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 1587 | AddressLine1Txt |
| City | Afton | CityNm |
| State Abbreviation | WY | StateAbbreviationCd |
| ZIP | 83110 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2018-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 830129756 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Lower Valley Energy Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LOWE | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 188 | AddressLine1Txt |
| City | Afton | CityNm |
| State Abbreviation | WY | StateAbbreviationCd |
| ZIP | 83110 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | James R Webb | PersonNm |
| Person Title | PresidentChief | PersonTitleTxt |
| Phone | 3078853175 | PhoneNum |
| Signature | 2019-04-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Wade Hirschi | PreparerPersonNm |
| PTIN | P01971333 | PTIN |
| Phone | 3078851040 | PhoneNum |
| Preparation | 2019-07-23 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 184.171.140.17 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-07-23 | IPDt |
| IP Tm | 18:57:00 | IPTm |
| Federal Original Submission Id | 8308262019204esbnhwf | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2019-07-23 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 6ABC8E0ECD536612FF4F47840FBD88A516BD0936 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 6ABC8E0ECD536612FF4F47840FBD88A516BD0936 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | James R Webb | PrincipalOfficerNm |
| Gross Receipts | $61,169,032 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | www.lvenergy.com | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1936 | FormationYr |
| Legal Domicile State | WY | LegalDomicileStateCd |
| Activity Or Mission | The organization provides electricity and natural gas to rural members on a not-for-profit cooperative basis. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 76 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $58,511,915 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $60,763,158 | CYProgramServiceRevenueAmt |
| PY Investment Income | $330,454 | PYInvestmentIncomeAmt |
| CY Investment Income | $403,837 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $58,842,369 | PYTotalRevenueAmt |
| CY Total Revenue | $61,166,995 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $5,132,681 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $5,474,206 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,635,219 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,621,612 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $51,561,520 | PYOtherExpensesAmt |
| CY Other Expenses | $54,085,540 | CYOtherExpensesAmt |
| PY Total Expenses | $58,329,420 | PYTotalExpensesAmt |
| CY Total Expenses | $61,181,358 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $512,949 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$14,363 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $270,386,818 | TotalAssetsBOYAmt |
| Total Assets EOY | $294,549,644 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $186,197,601 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $208,850,380 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $84,189,217 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $85,699,264 | NetAssetsOrFundBalancesEOYAmt |
| Mission | The organization provides electricity and natural gas to rural members on a not-for-profit cooperative basis. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $61,181,358 | ExpenseAmt |
| Revenue | $60,763,188 | RevenueAmt |
| Desc | During the year, the cooperative provided electricity and natural gas utility service to its members. | Desc |
| Total Program Service Expenses | $61,181,358 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 31 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 76 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Members And Shr Gross Income | $60,135,136 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $1,463,933 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | James R Webb | PersonNm |
| Phone | 3078853175 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 188 | AddressLine1Txt |
| City | Afton | CityNm |
| State Abbreviation | WY | StateAbbreviationCd |
| ZIP | 83110 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| Linda Schmidt | ||||||||
| Director | 4.00 | 0.00 | Yes (X) | $22,319 | $0 | $0 | ||
| Nancy Winters | ||||||||
| Board Vice-ChairDirector | 10.00 | 0.00 | Yes (X) | $27,515 | $0 | $0 | ||
| Fred Brog | ||||||||
| Board ChairmanDirector | 9.00 | 0.00 | Yes (X) | $26,150 | $0 | $0 | Yes (X) | |
| Ted Ladd | ||||||||
| Director | 5.00 | 0.00 | Yes (X) | $19,237 | $0 | $0 | ||
| Dean Lewis | ||||||||
| Director | 4.00 | 0.00 | Yes (X) | $23,000 | $0 | $0 | ||
| Dan Dockstader | ||||||||
| SecretaryTreasurerDirector | 4.00 | 0.00 | Yes (X) | $19,350 | $0 | $0 | Yes (X) | |
| Scott Anderson | ||||||||
| Director | 5.00 | 0.00 | Yes (X) | $27,119 | $0 | $0 | ||
| James R Webb | ||||||||
| PresidentChief Executive Off | 50.00 | 0.00 | $322,428 | $0 | $107,547 | Yes (X) | ||
| Jon Hougland | ||||||||
| Chief Financial Officer | 50.00 | 0.00 | $145,554 | $0 | $29,137 | Yes (X) | ||
| Richard Knori | ||||||||
| Director of Engineering | 45.00 | 0.00 | $197,604 | $0 | $39,569 | Yes (X) | ||
| William Spaulding | ||||||||
| Director of Electric Operatio | 45.00 | 0.00 | $164,624 | $0 | $38,534 | Yes (X) | ||
| Martell Brower | ||||||||
| Director of Gas Operations | 45.00 | 0.00 | $147,509 | $0 | $70,910 | Yes (X) | ||
| Charles Jenkins | ||||||||
| Lineman | 45.00 | 0.00 | $132,880 | $0 | $36,618 | Yes (X) | ||
| Don Edwards | ||||||||
| Lineman | 45.00 | 0.00 | $132,532 | $0 | $56,165 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,407,821 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $378,480 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 7 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Wasatch Electric | |||||
| PO Box 26588 | Salt Lake City | UT | 84126 | Construction | $819,502 |
| Hot Shot Powerline Construction | |||||
| PO Box 942 | Afton | WY | 83110 | Construction | $367,055 |
| Interstate Electric Contractors Inc | |||||
| 12725 W 54th Drive | Arvada | CO | 80002 | Construction | $526,979 |
| Stantec Consulting Services Inc | |||||
| 13980 Collections Center Dr | Chicago | IL | 60693 | Environmental Cons | $425,059 |
| A-1 Tree Care LLC | |||||
| 247 N 6th E | Saint Anthony | ID | 83445 | Tree Trimming | $216,288 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| Retail Sales of Energy | 221000 | $60,061,080 | $60,061,080 | |
| Service Related Revenue | 221000 | $150,216 | $150,216 | |
| Patronage Capital | 221000 | $516,074 | $516,074 | |
| Rental Income | 221000 | $35,788 | $35,788 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $60,763,158 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $383,086 | TotalRevenueColumnAmt |
| Exclusion | $383,086 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $22,788 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $2,037 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $20,751 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $20,751 | TotalRevenueColumnAmt |
| Exclusion | $20,751 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $61,166,995 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $60,727,370 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $439,625 | ExclusionAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,474,206 | TotalAmt |
| Program Services | $5,474,206 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,621,612 | TotalAmt |
| Program Services | $1,621,612 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $78,364 | TotalAmt |
| Program Services | $78,364 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,400 | TotalAmt |
| Program Services | $17,400 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,172,815 | TotalAmt |
| Program Services | $5,172,815 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,138,377 | TotalAmt |
| Program Services | $6,138,377 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| Purchased Power | $29,180,809 | $29,180,809 |
| Distribution Oper & Maint | $5,391,501 | $5,391,501 |
| Purchased Gas | $3,633,919 | $3,633,919 |
| Administrative & General | $1,315,362 | $1,315,362 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,156,993 | TotalAmt |
| Program Services | $3,156,993 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $61,181,358 | TotalAmt |
| Program Services | $61,181,358 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part X | Yes (X) | InfoInScheduleOPartXInd |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,197,453 | BOYAmt |
| EOY | $1,640,947 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,108,667 | BOYAmt |
| EOY | $8,792,398 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $1,275,341 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,432,586 | BOYAmt |
| EOY | $1,669,870 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $117,119,987 | BOYAmt |
| EOY | $108,476,881 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $265,120,156 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $109,089,778 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $124,947,504 | BOYAmt |
| EOY | $156,030,378 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,469,494 | BOYAmt |
| EOY | $7,728,896 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,111,127 | BOYAmt |
| EOY | $8,934,933 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $270,386,818 | BOYAmt |
| EOY | $294,549,644 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,948,597 | BOYAmt |
| EOY | $13,182,251 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $173,163,470 | BOYAmt |
| EOY | $186,638,342 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,085,534 | BOYAmt |
| EOY | $9,029,787 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $186,197,601 | BOYAmt |
| EOY | $208,850,380 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $84,189,217 | BOYAmt |
| EOY | $85,699,264 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $84,189,217 | BOYAmt |
| EOY | $85,699,264 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $270,386,818 | BOYAmt |
| EOY | $294,549,644 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$14,363 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $1,524,410 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,938,288 | OtherCostOrOtherBasisAmt |
| Book Value | $1,938,288 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $263,181,868 | OtherCostOrOtherBasisAmt |
| Depreciation | $109,089,778 | DepreciationAmt |
| Book Value | $154,092,090 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $156,030,378 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp (7 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| Organization Memberships | $1,000 | C |
| NRUCFC Captial Term Certificates | $2,016,793 | C |
| NRUCFC Capital Credits | $2,899,982 | C |
| Other Associated Organizations | $259,028 | C |
| NRUCFC Select Notes | $2,000,000 | C |
| Emergency Response Housing | $500,000 | C |
| Economic Development | $52,093 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $7,728,896 | TotalBookValueSecuritiesAmt |
Other Assets Org OtherAssetsOrgGrp (5 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| Unbilled Sales | $3,841,123 |
| Other Current Assets | $309,499 |
| Unamortized Loan Repricing Fees | $1,770,412 |
| Teton Village Contribution in Aid | $2,887,625 |
| Swift Creek Receivable | $126,274 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $8,934,933 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (7 entries)
| DescDesc | AmtAmt |
|---|---|
| Member Deposits | $643,763 |
| Prepaid Revenue | $964,034 |
| Other Accrued Liabilities | $4,067,826 |
| Unamortized Gain on RUS Debt | |
| Boardman Decommissioning Liability | $240,213 |
| Horse Butte Deferred Credit | $2,777,889 |
| Other Deferred Credits | $336,062 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $9,029,787 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $61,166,995 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $61,166,995 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $61,166,995 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $55,882,262 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | -$5,299,096 | OtherExpensesIncludedAmt |
| Expenses Not Reported | -$5,299,096 | ExpensesNotReportedAmt |
| Expenses Subtotal | $61,181,358 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $61,181,358 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Other expenses included on Form 990 (Part XII, line 4b) | FormAndLineReferenceDesc |
| Explanation | Patronage capital retirments ($5,474,206) are reported as an expense on the 990, but as an equity transaction on the audited financial statements. Other expenses are reported differently on 990 than on financial statements ($175,110). | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|---|---|
| James R Webb | ||||||
| PresidentChief Executive Officer | $236,825 | $75,600 | $10,003 | $79,747 | $27,800 | $429,975 |
| Richard Knori | ||||||
| Director of Engineering | $149,534 | $40,000 | $8,070 | $12,816 | $26,753 | $237,173 |
| William Spaulding | ||||||
| Director of Electric Operations | $137,710 | $26,000 | $914 | $11,947 | $26,587 | $203,158 |
| Martell Brower | ||||||
| Director of Gas Operations | $133,802 | $12,500 | $1,207 | $44,358 | $26,552 | $218,419 |
| Charles Jenkins | ||||||
| Lineman | $127,309 | $1,200 | $4,371 | $10,397 | $26,221 | $169,498 |
| Jon Hougland | ||||||
| Chief Financial Officer | $138,778 | $6,000 | $776 | $16,096 | $13,041 | $174,691 |
| Don Edwards | ||||||
| Lineman | $114,132 | $1,200 | $17,200 | $29,708 | $26,457 | $188,697 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Members or stockholder classes and rights Part VI line 6 | The organization operates as a cooperative. All of its customers are members of the cooperative and recieve patronage capital allocations. |
| Member election for additional members Part VI line 7a | Every member of the board is elected by the membership of the cooperative, which as stated above, constitutes the cooperatives customer base. |
| Governing body decisions Part VI line 7b | The board cannot sell a major portion of the assets of the cooperative without approval of 2/3 of the membership. |
| Form 990 governing body review Part VI line 11 | The completed Form 990 is made available for board members to review in an online portal. Board members may contact management with any review comments they have prior to filing the 990. |
| Conflict of interest policy compliance Part VI line 12c | The policy is reviewed annually with officers, directors and key employees. They are required to disclose potential conflicts of interest annually and excuse themselves from discussions and decisions where the potential for a conflict arises. They are also required to disclose new conflicts that arise during the year. |
| CEO executive director top management comp Part VI line 15a | The organization uses the NRECA Wage Study to establish compensation ranges for all employees. |
| Other officer or key employee compensation Part VI line 15b | The cooperative periodically seeks the input of an independent consultant in setting wages and salaries of all employees; but this is not done every year. An independent consultant was not hired in 2016 to review the President/CEO compensation. Each year the cooperative does rely on compensation data gathered by the NRECA in settig wages and salary levels of all employees. the results are presented to the board for review and approval. The study and action are documented. |
| Governing documents etc available to public Part VI line 19 | Bylaws are available on the Cooperatives website. New members are directed to the website at the time they sign up for service. They can also be requested by phone, email, or in the office. Financial statements are mailed annually to all members. They can also be requested by phone, email, or in the office. The conflict of interest policy (along with all policies) is available upon request as well. |
| Explanation of other changes in net assets or fund balances Part XI line 9 | Margins per tax return are ($14,363). Margins per the audited financial statements were $5,284,734. Members retired a total of $5,474,206 of patronage capital during the year. This is included in expenses for the tax return, but not on the audited financial statements. Discounts on early retirements were $1,699520. These numbers netted together total $1,510,048. |
| Balance Sheet Part X | Lines 9 and 23 - IN 2013, the cooperative borrowed $153,210,462 to prepay a portion of its power bill to the Bonneville Power Administration. By prepaying, the cooperative will recieve a discount on its future power bills. This transaction resulted in a significant increase in teh balance of prepaid expenses and long-term debt. Teh overall transaction will benefit the members through lower power costs. |
| General explanation attachment | The cooperative is a 50% owner of Swift Creek Hydro Electric Company, LLC (EIN 61-1686955). Swift Creek Hydro Electric provided the cooperative with a K-1 for its share of operating losses. However, the cooperative has already included its share of Swift Creeks revenue and expenses in its operating numberes reported in this return, rather than reporting just a total net from the K-1. |