Beartooth Electric Cooperative Inc
- Assets
- $21.1m
- Revenue
- $9.8m
- Investments
- $0.0
- Employees
- 21
- Location
- Red Lodge, MT
- Founding
- 06/1953
- Data as of
- 12/2023
- EIN
- 81-0109712
Organization Overview
Beartooth Electric Cooperative Inc is located in Red Lodge, MT. The organization was established in 1953. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Beartooth Electric Cooperative Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beartooth Electric Cooperative Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2023, Beartooth Electric Cooperative Inc generated $9.8m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $9.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
BEARTOOTH ELECTRIC COOPERATIVE, INC. OPERATES AS A RURAL ELECTRIC UTILITY ON A NON PROFIT BASIS BY PROVIDING ELECTRICAL POWER AND UTILITY SERVICES TO ITS MEMBERS AND PATRONS LOCATED IN CENTRAL PORTION OF MONTANA AND NORTHERN WYOMING. THE COOPERATIVE IS EXEMPT UNDER SECTION 501 (C) (12).
Describe the Organization's Program Activity:
Part 3 - Line 4a
RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICAL SERVICES TO 5,041 PATRONS AND MEMBERS LOCATED IN CENTRAL MONTANA AND NORTHERN WYOMING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arleen Boyd Director | Trustee | 4.55 | $6,600 |
Roxie Melton Secretary Treasurer | OfficerTrustee | 5.64 | $7,300 |
Daniel Dutton Director | Trustee | 3.96 | $7,050 |
Ralph Lewis Director | Trustee | 2.79 | $7,750 |
Daniel Yates Director | Trustee | 1.32 | $3,875 |
William Pascoe Vice President | OfficerTrustee | 7.5 | $6,875 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rocky Mountain Contractors Inc Substation Contractor | 12/30/23 | $695,723 |
Davey Tree Surgery Tree Trimming | 12/30/23 | $246,269 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $9,730,017 |
| Investment income | $12,926 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,081 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,780,491 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $500,456 |
| Compensation of current officers, directors, key employees. | $519,309 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,141 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $61,379 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $49,362 |
| Fees for services: Accounting | $12,800 |
| Fees for services: Lobbying | $1,093 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $73,044 |
| Advertising and promotion | $0 |
| Office expenses | $65,954 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,179 |
| Interest | $382,264 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,169,370 |
| Insurance | $22,557 |
| All other expenses | $693,186 |
| Total functional expenses | $9,538,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $366,111 |
| Savings and temporary cash investments | $202,758 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $925,164 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,351,728 |
| Prepaid expenses and deferred charges | $43,590 |
| Net Land, buildings, and equipment | $16,870,212 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $767,412 |
| Intangible assets | $0 |
| Other assets | $549,969 |
| Total assets | $21,076,944 |
| Accounts payable and accrued expenses | $1,566,739 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $9,271,978 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $78,019 |
| Total liabilities | $10,916,736 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $337,025 |
| Retained earnings, endowment, accumulated income, or other funds | $9,823,183 |
| Total liabilities and net assets/fund balances | $21,076,944 |