2018-05-15T09:12:55-05:00 2017-12-31 810386935 SUMMERS MCNEA & CO PC 80 25TH STREET WEST BILLINGS MT 591024662 990 2017-01-01 810211565 YELLOWSTONE VALLEY ELECTRIC COOPERATIVE INC YELL 4063483411 PO BOX 249 HUNTLEY MT 590370249 DAN SWARTZ PRESIDENT 4063483411 2018-05-08 1 BRIAN F VAN STEELAND P00481262 4066522320 2018-05-08 2017 2022-09-23 18:48:47Z BRANDON WITTMAN 150 COOPERATIVE WAY HUNTLEY MT 59034 35985373 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 50 0 8640 7124 0 0 32934016 34609573 273249 252913 1047475 1117123 34254740 35979609 0 0 624867 959738 881226 821258 0 0 0 29990941 32265672 31497034 34046668 2757706 1932941 66415488 69580604 48973180 50205355 17442308 19375249 RURAL ELECTRIC COOPERATIVE ESTABLISHED TO PROVIDE ELECTRICAL POWER AND SERVICES TO ITS MEMBERS LOCATED IN THE CENTRAL PORTION OF MONTANA. 0 0 31601998 COOPERATIVE RESOURCES AND ACTIVITIES ARE RELATED TO PROVIDING ELECTRICAL POWER AND SERVICES TO APPROXIMATELY 16,281 MEMBERS AND PATRONS LOCATED IN THE CENTRAL PORTION OF THE STATE OF MONTANA. 31601998 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 85 0 1 50 1 1 1 0 0 0 0 0 0 36083098 1177260 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 WENDY SHAW 4063483411 150 COOPERATIVE WAY HUNTLEY MT 59037 DAVE KELSEY SECRETARY-TREASURER 10.00 X X 38396 0 0 DANIEL R SWARTZ PRESIDENT 4.00 X X 28896 0 0 RICHARD A WELDON DIRECTOR 3.00 X 13165 0 0 MARLENE AMEN PART YEAR DIRECTOR 4.00 X 10297 0 0 JWILLIAM KELLER DIRECTOR 3.00 X 9018 0 0 LARRY KAUFMAN VICE PRESIDENT 5.00 X X 19592 0 0 GREG NEIBAUER DIRECTOR 1.00 X 300 0 0 SCOTT HOFFERBER ASSISTANT SECRETARY/TREASURER 2.00 X X 26246 0 0 BRANDON J WITTMAN GENERAL MANAGER 40.00 X 235266 0 83746 WENDY SHAW CONTROLLER 40.00 X 62472 0 28882 MIKE STOOKEY LINEMAN 40.00 X 132820 0 0 DAN SHAULES LINEMAN 40.00 X 121567 0 0 JERRY ELLIS ENGINEERING 40.00 X 118462 0 0 CODY HOUSKA LINEMAN 40.00 X 117445 0 0 MICHAEL TETER LINEMAN 40.00 X 115935 0 0 1049877 0 112628 17 0 1 0 HONCOOP CONSULTING INC PO BOX 1191 BILLINGS MT 59103 COMPUTER AND PHONE SYSTEM UPGRADES 259113 NISC PO BOX 1147 MANDAN ND 58554 GENERAL AND MONTHLY COMPUTER SEVICES 251630 B&B TELECABLE INC PO BOX 21298 BILLINGS MT 59104 PLANT CONSTRUCTION 224065 3 UTILITIES & SERVICES 221000 34609573 34609573 34609573 250177 250177 49644 0 49644 49644 8640 41004 8500 5764 2736 2736 2736 CAPITAL CREDITS ALLOC 221000 910716 910716 WAPA WHEELING CREDIT 221000 157500 157500 MERCHANDISING 221000 -737 -737 1067479 35979609 35927229 8640 43740 959738 959738 556276 556276 285199 285199 -20217 -20217 31625 31625 16600 16600 3984 3984 147059 147059 310125 310125 66742 66742 1879495 1871670 7825 2768084 2569059 199025 32151 32151 MISCELLEANEOUS TAXES 1120 1120 COST OF POWER 20331802 20331802 DISTRIBUTION OPERATIONS 3124497 3124497 DISTRIBUTION MAINTENANC 1429663 1429663 2122725 1315569 807156 34046668 31601998 2444670 0 300377 424290 1524895 2863250 2178089 2266078 701749 773188 116976 215010 86131228 30051919 55143248 56079309 3473073 4201954 2977081 2757525 66415488 69580604 3917824 3781482 44125739 45436486 929617 987387 48973180 50205355 X 474265 726441 0 0 16968043 18648808 17442308 19375249 66415488 69580604 1932941 0 X X 0 1 X 1 0 340575 340575 3019250 1200725 1818525 4825923 4482451 343472 77945480 24368743 53576737 56079309 CFC TERM CERTIFICATES 619491 C CFC & FEDERATED PATRONAGE ALLOCATION 566758 C INVESTMENTS IN ASSOCIATED ORGANIZATIONS 66568 C CO BANK PATRONAGE ALLOCATION 450226 C MISC PATRONAGE ALLOCATION 94336 C NON-UTILITY PROPERTY-LAND 161828 C CENTRAL MONTANA/BASIN ELECTRIC PATRONAGE ALLOCATION 2221957 C SPECIAL FUNDS- OPERATION ROUNDUP 20790 C 4201954 CONSUMER DEPOSITS 244657 CONSUMER ENERGY PREPAYMENTS 186662 CAPITAL CREDIT PAYABLE 556068 987387 X 37458862 1479253 1479253 35979609 0 35979609 33086930 0 33086930 959738 959738 34046668 PART X, LINE 2: THERE ARE NO UNCERTAIN TAX POSITIONS EXISTING AT DECEMBER 31, 2017. 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 $8,877,924; DISTRIBUTION PLANT OF POLES, WIRES, STATION EQUIPMENT, METERS AND TRANSFORMERS TOTALING $64,215,351 ;INTANGIBLE PLANT $544,043 AND CONSTRUCTION WORK IN PROGRESS TOTALING $4,308,162. 1 X X 0 0 0 BRANDON J WITTMAN GENERAL MANAGER 235266 0 0 0 0 0 63194 0 20552 0 319012 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE HAS 16,281 VOTING MEMBERS AT DECEMBER 31, 2017. 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. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.