Marias River Electric Cooperative Inc

Organization Overview

Marias River Electric Cooperative Inc is located in Shelby, MT. The organization was established in 1948. 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 12/2021, Marias River Electric Cooperative Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marias River 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 12/2021, Marias River Electric Cooperative Inc generated $7.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $7.2m during the year ending 12/2021. While expenses have increased by 0.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE ELECTRICAL POWER TO RURAL NORTHERN MONTANA

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE ELECTRIC POWER SERVICE TO COOPERATIVE MEMBERS IN NORTHERN RURAL MONTANA


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Board, Officers & Key Employees

Name (title)Compensation
Kris Ingenthron
Manager
$168,245
Merle Raph
President
$5,603
Joe Sisk
Secretary/treasurer
$4,297
Mel Fretheim
Trustee
$3,455
Dan Gliko
Trustee
$3,287
Terry Peters
Trustee
$2,906

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $278,673
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$278,673
Total Program Service Revenue$6,768,549
Investment income $33,651
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $7,549,069

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