2021-06-02T08:54:32-05:00 2020-12-31 810386935 SUMMERS MCNEA & CO PC 15 AVANTA WAY SUITE 1 BILLINGS MT 59102 990 2020-01-01 810211565 YELLOWSTONE VALLEY ELECTRIC COOPERATIVE INC YELL 4063483411 PO BOX 249 HUNTLEY MT 590370249 DAN SWARTZ PRESIDENT 4063483411 2021-05-17 1 DAN SWARTZ 999009999 BRIAN F VAN STEELAND P00481262 4066522320 2021-05-17 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z BRANDON WITTMAN 150 COOPERATIVE WAY HUNTLEY MT 59034 38671573 0 X YVEC.COM X 1937 MT YELLOWSTONE VALLEY ELECTRIC COOPERATIVE, INC. OPERATES AS AN RURAL ELECTRIC UTILITY ON A NON PROFIT BASIS BY PROVIDING ELECTRICAL POWER AND UTILITY SERVICES TO ITS MEMBERS AND PATRONS LOCATED IN THE CENTRAL PORTION OF MONTANA. THE COOPERATIVE IS EXEMPT UNDER SECTION 501 (C) (12). 7 7 51 0 8790 7264 0 0 35370215 36069718 333005 299257 1254993 2302598 36958213 38671573 0 0 1272317 923639 792847 774833 0 0 0 33146055 33827414 35211219 35525886 1746994 3145687 71711563 75220193 48214424 48577367 23497139 26642826 RURAL ELECTRIC COOPERATIVE ESTABLISHED TO PROVIDE ELECTRICAL POWER AND SERVICES TO ITS MEMBERS LOCATED IN THE CENTRAL PORTION OF MONTANA. 0 0 COOPERATIVE RESOURCES AND ACTIVITIES ARE RELATED TO PROVIDING ELECTRICAL POWER AND SERVICES TO APPROXIMATELY 17,096 MEMBERS AND PATRONS LOCATED IN THE CENTRAL PORTION OF THE STATE OF MONTANA. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 195 0 1 51 1 1 1 0 0 0 0 38805517 2403051 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 1 1 1 0 X ACCOUNTING PERSONNEL 4063483411 150 COOPERATIVE WAY HUNTLEY MT 59037 DAVE KELSEY SECRETARY-TREASURER 12.00 X X 13439 0 25096 DANIEL R SWARTZ PRESIDENT 2.00 X X 3932 0 25096 RICHARD A WELDON DIRECTOR 2.00 X 4200 0 6785 JWILLIAM KELLER DIRECTOR 2.00 X 5499 0 1865 LARRY KAUFMAN VICE PRESIDENT 7.00 X X 7154 0 10074 GREG NEIBAUER DIRECTOR 5.00 X 7399 0 10633 SCOTT HOFFERBER ASSISTANT SECRETARY/TREASU 2.00 X X 4630 0 25096 BRANDON J WITTMAN GENERAL MANAGER 40.00 X 263534 0 98900 WENDY SHAW CONTROLLER (PART YEAR) 40.00 X 9866 0 3810 MARIAH WITTMAN CONTROLLER (PART YEAR) 40.00 X 39795 0 0 MIKE STOOKEY LINEMAN 40.00 X 152562 0 62836 DAN SHAULES LINEMAN 40.00 X 152936 0 52579 MONTI WETSCH OFFICE MANAGER 40.00 X 139994 0 50334 STUART LAWSON LINEMAN 40.00 X 126490 0 63726 JAMES WEBBER ENGINEERING 40.00 X 135107 0 50334 1066537 0 487164 12 0 1 0 KARV LLC PO BOX 81482 BILLINGS MT 59108 TRENCHING/BORING 587558 ROCKY MOUNTAIN CONTRACTORS INC PO BOX 8688 KALISPELL MT 599041688 CONTRACTORS 430838 ELECTRICAL CONSULTANTS INC 3521 GABEL ROAD BILLINGS MT 59102 ENGINEERING/SUBSTATION DESIGN 222120 SOLOMON ELECTRIC SUPPLY INC 103 W MAIN ST SOLOMON KS 67480 REGULATOR REPAIRS 204102 WESTERN COATINGS LLC 5428 CAREY AVE SHEPHERD MT 59079 ROOFING CONTRACTORS 152214 6 UTILITIES & SERVICES 221000 36069718 36069718 36069718 299257 299257 50094 0 50094 50094 8790 41304 CAPITAL CREDITS ALLOC 221000 2094755 2094755 WAPA WHEELING CREDIT 221000 157500 157500 MERCHANDISING 221000 249 249 2252504 38671573 38621479 8790 41304 X 923639 566802 285494 -77463 23212 15400 2528 147059 837 260958 48602 1814018 2941007 35958 MISCELLEANEOUS TAXES 1896 COST OF POWER 20261602 DISTRIBUTION OPERATIONS 3770212 DISTRIBUTION MAINTENANC 1659804 2844321 35525886 632997 424454 652923 1819831 2303312 2364778 910463 998204 56911 57360 95402576 35484670 59091941 59917906 6591388 8385582 1471628 1252078 71711563 75220193 3491167 4141736 43608318 43222483 1114939 1213148 48214424 48577367 X 1333438 1632944 0 0 22163701 25009882 23497139 26642826 71711563 75220193 3145687 0 X X 0 1 X 1 0 1401640 1401640 3847656 1420519 2427137 5493371 4715117 778254 84659909 29349034 55310875 59917906 CFC TERM CERTIFICATES 589407 C CFC & FEDERATED PATRONAGE ALLOCATION 637110 C INVESTMENTS IN ASSOCIATED ORGANIZATIONS 73194 C CO BANK PATRONAGE ALLOCATION 613938 C NISC PATRONAGE ALLOCATION 123973 C NON-UTILITY PROPERTY-LAND 161828 C CENTRAL MONTANA/BASIN ELECTRIC PATRONAGE ALLOCATION 6140781 C SPECIAL FUNDS- OPERATION ROUNDUP 45351 C 8385582 CONSUMER DEPOSITS 174199 CONSUMER ENERGY PREPAYMENTS 195964 CAPITAL CREDIT PAYABLE 842985 1213148 X 41407300 2735727 2735727 38671573 0 38671573 34602246 0 34602246 923640 923640 35525886 PART X, LINE 2: THERE ARE NO UNCERTAIN TAX POSITIONS EXISTING AT DECEMBER 31, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: CONTRIBUTIONS IN AID OF CONSTRUCTION RECEIVED FROM MEMBERS FOR PLANT CONSTRUCTION PART XII, LINE 4B - OTHER ADJUSTMENTS: BENEFITS PAID TO MEMBERS - CAPITAL CREDITS RETIREMENTS PART VI LINE 1E-OTHER PROPERTY PART VI-LINE 1E-OTHER PROPERTY- INCLUDES TRANSMISSION POLES, WIRE AND STATION EQUIPMENT TOTALING $10,528,972; DISTRIBUTION PLANT OF POLES, WIRES, STATION EQUIPMENT, METERS AND TRANSFORMERS TOTALING $70,846,948;INTANGIBLE PLANT $544,043 AND CONSTRUCTION WORK IN PROGRESS TOTALING $2,739,946. 1 X X 0 0 0 BRANDON J WITTMAN GENERAL MANAGER 263534 0 0 0 0 0 74224 0 24676 0 362434 0 0 0 MIKE STOOKEY LINEMAN 152562 0 0 0 0 0 40623 0 22213 0 215398 0 0 0 DAN SHAULES LINEMAN 152936 0 0 0 0 0 41946 0 10633 0 205515 0 0 0 MONTI WETSCH OFFICE MANAGER 139994 0 0 0 0 0 39671 0 10663 0 190328 0 0 0 STUART LAWSON LINEMAN 126490 0 0 0 0 0 40768 0 22958 0 190216 0 0 0 JAMES WEBBER ENGINEERING 135107 0 0 0 0 0 39671 0 10663 0 185441 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE HAS 17,096 VOTING MEMBERS AT DECEMBER 31, 2020. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT TWO OR 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 BOARD MEMBERS WILL REVIEW FORM 990 AT A REGULAR MONTHLY BOARD MEETING. ONCE THE BOARD MEMBERS APPROVE FORM 990, IT THEN WILL BE ENTERED IN THE MINUTES AS APPROVED. FORM 990, PART VI, SECTION B, LINE 12C THE COOPERATIVE CONFLICT OF INTEREST POLICY IS INCLUDED IN THE ORGANIZATION POLICY HANDBOOK. ALL TRUSTEES MUST DISCLOSE ANNUALLY IN WRITING TO THE BOARD 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. FORM 990, PART VI, SECTION B, LINE 15 SALARIES AND WAGES FOR EMPLOYEES ARE DETERMINED USING MECA & NRECA SURVEYS, SUBJECT TO BOARD APPROVAL. UNION EMPLOYEES WAGES ARE DETERMINED BY NEGOTIATION BETWEEN MANAGEMENT AND THE UNION, SUBJECT TO BOARD APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, POLICIES, 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 YELLOWSTONE VALLEY 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. PART IX, LINE 4 THIS LINE REPRESENTS CAPITAL CREDITS PAID TO MEMBERS DURING THE YEAR. IT IS THE TOTAL OF THE GENERAL RETIREMENT AND THE ESTATES PAID OUT. PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. PART XII, LINE 2B THE COOPERATIVE HAS AN ANNUAL AUDIT COMPLETED. THE COOPERATIVE AUDIT YEAR END IS SEPTEMBER 30. THE COOPERATIVE'S 990 TAX RETURN IS FILED ON A CALENDAR YEAR. THE FORM 7 REPORT FOR DECEMBER 31 IS UTILIZED FOR THE TAX RETURN.