Shelby Gas Association
- Assets
- $2.6m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Shelby, MT
- Founding
- 06/1952
- Data as of
- 09/2023
- EIN
- 81-6012595
Organization Overview
Shelby Gas Association is located in Shelby, MT. The organization was established in 1952. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shelby Gas Association 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 09/2023, Shelby Gas Association generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $2.0m during the year ending 09/2023. While expenses have increased by 1.3% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING NATURAL GAS TO MEMBERS IN THE SHELBY, MONTANA AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A MEMBER OWNED COOPERATIVE THAT PROVIDES NATURAL GAS TO MEMBERS OF SHELBY, SUNBURST, KEVIN, AND SWEETGRASS, MONTANA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Mcdermott President | OfficerTrustee | 1 | $400 |
Brice Kluth Vice President | OfficerTrustee | 1 | $400 |
Jim Asper Secretary/treasurer | OfficerTrustee | 1 | $400 |
Lorette Carter Director | Trustee | 1 | $300 |
Scott Hovland Director | Trustee | 1 | $400 |
Jessica Buck Director (began March 2023) | Trustee | 1 | $0 |
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 | $1,981,631 |
| Investment income | $2,000 |
| 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 | $1,986,713 |
| 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 | $116,861 |
| Compensation of current officers, directors, key employees. | $38,425 |
| Compensation of current officers, directors, key employees. | $38,425 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,809 |
| Advertising and promotion | $0 |
| Office expenses | $10,056 |
| 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 | $5,557 |
| Interest | $5,698 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $78,398 |
| Insurance | $38,048 |
| All other expenses | $46,933 |
| Total functional expenses | $1,986,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,175 |
| Savings and temporary cash investments | $251,215 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,523 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $57,299 |
| Prepaid expenses and deferred charges | $29,037 |
| Net Land, buildings, and equipment | $2,176,412 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $7,306 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,563,967 |
| Accounts payable and accrued expenses | $255,158 |
| 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 | $112,846 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $78,967 |
| Total liabilities | $446,971 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $4,822 |
| Paid-in or capital surplus, or land, building, or equipment fund | $142,463 |
| Retained earnings, endowment, accumulated income, or other funds | $1,969,711 |
| Total liabilities and net assets/fund balances | $2,563,967 |