2018-05-14T15:59:45-05:00 2017-12-31 810386935 SUMMERS MCNEA & CO PC 80 25TH STREET WEST BILLINGS MT 591024662 990 2017-01-01 810228361 LINCOLN ELECTRIC COOPERATIVE INC LINC 4062962511 PO BOX 628 EUREKA MT 599170000 MIKE WORKMAN PRESIDENT 4068893301 2018-05-07 1 BRIAN F VAN STEELAND P00481262 4066522320 2018-05-01 69.144.166.106 2018-05-07 14:13:20 MD P 6DA3F970829FF7912B9D03EDCF1BB9EDA804D97E 6DA3F970829FF7912B9D03EDCF1BB9EDA804D97E 2017 2021-01-29 14:40:06Z V RAY ELLIS 500 OSLOSKI ROAD EUREKA MT 59917 11090771 0 X LINCOLNELECTRIC.COOP X 1948 MT LINCOLN ELECTRIC COOPERATIVE, INC. OPERATES AS AN ELECTRICAL UTILITY ON A NON-PROFIT COOPERATIVE BASIS BY PROVIDING ELECTRICAL POWER AND UTILITY SERVICES TO ITS MEMBERS LOCATED IN THE NORTHWESTERN PORTION OF MONTANA IN ACCORDANCE WITH IRS SECTION 501 (C)(12). 10 10 24 0 104389 0 0 0 9868331 10836426 19682 20159 78602 234186 9966615 11090771 0 0 445975 473313 697089 754345 0 0 0 8657706 9744858 9800770 10972516 165845 118255 28136013 27635516 18871580 18252828 9264433 9382688 RURAL ELECTRIC COOPERATIVE ESTABLISHED TO PROVIDE ELECTRIAL POWER AND SERVICES TO ITS MEMBERS LOCATED IN THE NORTHWESTERN PORTION OF MONTANA. 0 0 9606855 COOPERATIVE RESOURCES AND ACTIVITIES ARE RELATED TO PROVIDING TRANSMISSION AND DISTRIBUTION ELECTRICAL POWER AND SERVICES TO APPROXIMATELY 4,562 MEMBERS LOCATED IN THE NORTHWESTERN PORTION OF MONTANA. 9606855 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 18 0 1 24 1 1 1 0 0 0 0 0 0 11613735 2031921 0 X 10 10 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X WAYNE WETHERELT JR 4068893301 500 OSLOSKI ROAD EUREKA MT 59917 MIKE WORKMAN PRESIDENT 3.52 X X 4900 0 0 MARIANNE ROOSE DIRECTOR 5.54 X 4700 0 0 ETHEL WHITE DIRECTOR 3.68 X 3475 0 0 JOEL GRAVES DIRECTOR 1.85 X 2750 0 0 TINA TAURMAN DIRECTOR 6.68 X 4300 0 0 TOM KLYVER DIRECTOR 2.13 X 2500 0 0 COURTNEY PLUID SECRETARY-TREASURER 2.63 X X 3050 0 0 TERRY UTTER DIRECTOR 1.31 X 1500 0 0 WESLEY LOUGHMAN VICE PRESIDENT 3.46 X X 3050 0 0 MYRA APPEL DIRECTOR 2.25 X 2600 0 0 WAYNE WETHERELT JR MANAGER OF FINANCE & ADMIN 40.00 X 101765 0 46378 V RAY ELLIS GENRAL MANAGER 40.00 X 166111 0 63891 MARK J STARK ENGINEERING MGR 40.00 X 101961 0 0 DAWSON MCCULLY LINEMAN 40.00 X 102442 0 0 LUKE MILLER FOREMAN 40.00 X 103470 0 0 EDWARD SUTHERLAND LINEMAN 40.00 X 100476 0 0 709050 0 110269 6 0 1 0 PERSSON TREE SERVICES PO BOX 1359 EUREKA MT 59917 TREE TRIMMING 135500 1 UTILITIES & SERVICES 221000 10836426 10836426 10836426 20159 20159 6780 0 6780 6780 6780 PATRONAGE CAPITAL CRED 221000 114174 114174 EQUITY INCOME(LOSS) IN SUBSIDARY 453000 104389 104389 JOBBING, MISC INCOME 221000 8843 8843 227406 11090771 10979602 104389 6780 473313 473313 410970 410970 325969 325969 17406 17406 6091 6091 13500 13500 1199 1199 1458 1458 56653 56653 29676 29676 649148 647698 1450 862805 764877 97928 INCOME TAXES ON INCOME 31000 31000 COST OF POWER 5147497 5147497 DISTRIBUTION OPERATIONS 1406417 1406417 DISTRIBUTION MAINTENANC 620669 620669 918745 546384 372361 10972516 9606855 1365661 0 744658 608613 1261904 1250026 157000 264003 1427274 1471834 779 1444 32377550 11929965 20919098 20447585 956193 1060582 1249190 1322282 1419917 1209147 28136013 27635516 681571 664814 17343753 16726122 846256 861892 18871580 18252828 X 0 0 426302 425802 8838131 8956886 9264433 9382688 28136013 27635516 118255 0 X X 0 1 X 1 0 625338 625338 1464305 1152653 311652 2880995 2602332 278663 27406912 8174980 19231932 20447585 CONSUMER ENERGY PREPAYMENTS 107462 CAPITAL CREDIT PAYABLE 99134 CONSUMER DEPOSITS 62873 ACCRUED TAXES 144799 ACCRUED INTEREST 102143 ACCRUED PERSONNEL LEAVE 303583 ECONOMIC LOAN GRANT NON FEDERAL 39414 A/P OPERATION ROUNDUP 2484 861892 X 11859237 768466 768466 11090771 0 11090771 10499203 0 10499203 473313 473313 10972516 PART X, LINE 2: THERE ARE NO UNCERTAIN TAX POSITIONS EXISTING AT DECEMBER 31, 2017. PART XI, LINE 2D - OTHER ADJUSTMENTS: CONTRIBUTION IN AID OF CONSTRUCTION RECEIVED FROM MEMBERS 768,466. PART XII, LINE 4B - OTHER ADJUSTMENTS: BENEFITS PAID TO MEMBERS- CAPITAL CREDITS RETIREMENTS 473,313. PART VI LINE 1E-OTHER PROPERTY PART VI-LINE 1E-OTHER PROPERTY - INCLUDES TRANSMISSION POLES, WIRE AND EQUIPMENT TOTALING $946,443; DISTRIBUTION PLANT OF POLES, WIRE, STATION EQUIPMENT, METERS AND TRANSFORMERS TOTALING $26,388,476; AND CONSTRUCTION WORK IN PROGRESS TOTALING $71,993. 1 X X 0 0 0 V RAY ELLIS GENRAL MANAGER 166111 0 0 0 0 0 44102 0 19789 0 230002 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE HAS 4,562 VOTING MEMBERS AT DECEMBER 31, 2017. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERSHIP ELECTS THREE BOARD OF DIRECTORS TO SERVE A THREE YEAR TERM AT THE COOPERATIVE ANNUAL MEETING HELD IN MARCH OF EACH YEAR. FORM 990, PART VI, SECTION A, LINE 7B ALL BYLAW CHANGES RECOMMENDED BY THE BOARD OF DIRECTORS ARE APPROVED AND RATIFIED BY THE MAJORITY OF MEMBERSHIP AT THE COOPERATIVE ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED AND APPROVED BY THE GENERAL MANAGER, THE BOARD PRESIDENT AND SECRETARY/TREASURER PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES MUST DISCLOSE TO THE BOARD OF DIRECTORS ANY SITUATION OR TRANSACTION IN WHICH THE TRUSTEE IS INVOLVED WHICH VIOLATES, OR COULD APPEAR TO VIOLATE THE INTENT OF THE CONFLICT OF INTEREST POLICY. THE BOARD WILL THEN DETERMINE WHAT ACTION, IF ANY, SHOULD BE TAKEN. EACH TRUSTEE IS RESPONSIBLE FOR ENSURING THAT HIS OR HER ACTIONS AND BEHAVIOR ARE IN ACCORDANCE WITH THIS POLICY. THE BOARD PRESIDENT SHALL BE RESPONSIBLE FOR ENSURING THAT ALL TRUSTEES ADHERE TO THIS POLICY; HOWEVER, ANY TRUSTEE MAY BRING TO THE ATTENTION OF THE BOARD ANY PERCEIVED VIOLATION OF THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE NATIONAL RURAL ELECTRIC COOPERATION ASSOCIATION (NRECA) AND MONTANA STATEWIDE ASSOICATION- MONTANA ELECTRIC COOPERATIVE ASSOCIATION (MECA) PERFORMS AN ANNUAL SALARY SURVEY FOR ALL MONTANA TELEPHONE AND UTILITY COOPERATIVES BY JOB CLASSIFICATION. THE BOARD OF DIRECTORS MAKES USE OF THESE SURVEYS FROM NRECA AND MECA TO DETERMINE THE SALARY GUIDELINE FOR THE GENERAL MANAGER SALARY. THE GENERAL MANAGER USES THESE SURVEYS TO DETERMINE THE RANGE OF SALARIES FOR THE EXEMPT, NON-UNION POSITIONS. THE COOPERATIVE OTHER EMPLOYEES SALARIES ARE ESTABLISHED BY A SIGNED COLLECTIVELY BARGAINED UNION CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL REPORTS - RUS FORM 7 - AND FORM 990 ARE AVAILABLE UPON REQUEST AT THE COOPERATIVE HEADQUARTER OFFICE. IN ADDITION, EACH NEW MEMBER IS PROVIDED WITH A COPY OF LINCOLN ELECTRIC COOPERATIVE'S BY LAWS. ALSO THE STATEMENT OF FINANCIAL CONDITION IS SENT OUT YEARLY TO ALL MEMBERS IN THE ANNUAL MEETING NOTICE PRIOR TO THE ANNUAL MEETING HELD IN MARCH OF EACH YEAR. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. RURAL PROPANCE SERVICES LLC 1174 HIGHWAY 93 N EUREKA MT 59917 465371638 SALE OF PROPANE AND PROPANE SERVICES MT LINCOLN ELECTRIC COOPERATIVE INC OWNS 100 PROPANE SALES 1897588 1316220 0 1 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 REIMBURSEMENT OF EXPENSES PAID BY LINCOLN ELECTRIC Q 24000 DIRECT COSTS