2016-05-05T15:04:01-05:00 2015-12-31 810386935 SUMMERS MCNEA & CO PC 80 25TH STREET WEST BILLINGS MT 591024662 990 2015-01-01 810211565 YELLOWSTONE VALLEY ELECTRIC COOPERATIVE INC YELL 4063483411 PO BOX 249 HUNTLEY MT 590370249 DAN SWARTZ PRESIDENT 4063483411 2016-04-28 1 RICHARD A MATUSIAK P00524085 4066522320 2016-04-28 2015 2016-09-27 15:27:22Z BRANDON WITTMAN 150 COOPERATIVE WAY HUNTLEY MT 59034 33523622 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 5640 4259 0 0 32728263 32388779 103737 93254 423340 1041589 33255340 33523622 0 0 350689 553007 801763 888387 0 0 0 30747858 30843486 31900310 32284880 1355030 1238742 60521249 66087991 47078489 51403389 13442760 14684602 RURAL ELECTRIC COOPERATIVE ESTABLISHED TO PROVIDE ELECTRICAL POWER AND SERVICES TO ITS MEMBERS LOCATED IN THE CENTRAL PORTION OF MONTANA. 0 0 29960799 33291429 COOPERATIVE RESOURCES AND ACTIVITIES ARE RELATED TO PROVIDING ELECTRICAL POWER AND SERVICES TO APPROXIMATELY 15,715 MEMBERS AND PATRONS LOCATED IN THE CENTRAL PORTION OF THE STATE OF MONTANA. 29960799 0 0 0 0 0 0 0 0 0 1 0 0 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 39 0 50 1 1 1 0 0 0 0 0 0 34144291 908290 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 TRISH RUGG 4063483411 150 COOPERATIVE WAY HUNTLEY MT 59037 DAVE KELSEY DIRECTOR 11.00 X 30870 0 0 DANIEL R SWARTZ PRESIDENT 3.00 X X 23695 0 0 RICHARD A WELDON SECRETARY-TREASURER 3.00 X X 12929 0 0 MARLENE AMEN ASST SECRETARY-TREASURER 8.00 X X 15693 0 0 JWILLIAM KELLER DIRECTOR 2.00 X 6547 0 0 LARRY KAUFMAN VICE PRESIDENT 3.00 X X 12739 0 0 SCOTT HOFFERBER DIRECTOR 1.00 X 16257 0 0 BRANDON J WITTMAN GENERAL MANAGER 40.00 X 205264 0 70476 TRISH CASTILLO RUGG CONTROLLER 40.00 X 72211 0 29300 396205 0 99776 13 0 1 0 HAMILTON & ASSOCIATES 10658 W CENTENNIAL ROAD 200 LITTLETON CO 80127 PLANT CONSTRUCTION 3750948 LANDIS & GYR TECHNOLOGIES 26366 NETWORK PLACE CHICAGO IL 60673 PLANT CONSTRUCTION 1304626 NISC PO BOX 1147 MANDAN ND 58554 GENERAL AND MONTHLY COMPUTER SEVICES 294041 B&B TELECABLE INC PO BOX 21298 BILLINGS MT 59104 PLANT CONSTRUCTION 144540 4 UTILITIES & SERVICES 221000 32388779 32388779 32388779 93254 93254 46211 0 46211 46211 5640 40571 CAPITAL CREDITS ALLOC 221000 808350 808350 WAPA WHEELING CREDIT 221000 185982 185982 MERCHANDISING 221000 1046 1046 995378 33523622 33291429 5640 226553 553007 553007 495981 495981 385608 385608 6798 6798 64270 64270 17900 17900 3949 3949 147059 147059 120302 120302 56988 56988 1983044 1979373 3671 3047073 2838348 208725 24576 24576 MISCELLEANEOUS TAXES 1131 1131 COST OF POWER 19241580 19241580 DISTRIBUTION OPERATIONS 2923989 2923989 DISTRIBUTION MAINTENANC 1196845 1196845 2014780 1227657 787123 32284880 29960799 2324081 0 154805 279224 2010951 3021355 2299177 2156871 621184 666037 1668 2415 81789813 27884923 49764416 53904890 2052235 2765213 3616813 3291986 60521249 66087991 3657020 3754924 42496611 46703832 924858 944633 47078489 51403389 X 154050 201548 0 0 13288710 14483054 13442760 14684602 60521249 66087991 X 1238742 3100 X X 0 1 X 1 0 340575 340575 2665111 709491 1955620 4125628 4384967 -259339 74658499 22790465 51868034 53904890 CONSUMER DEPOSITS 253070 CONSUMER ENERGY PREPAYMENTS 254509 CAPITAL CREDIT PAYABLE 437054 944633 X 35279034 1755412 1755412 33523622 0 33523622 31731873 0 31731873 553007 553007 32284880 PART X, LINE 2: THERE ARE NO UNCERTAIN TAX POSITIONS EXISTING AT DECEMBER 31, 2015 . 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 $8,440,494; DISTRIBUTION PLANT OF POLES, WIRES, STATION EQUIPMENT, METERS AND TRANSFORMERS TOTALING $59,399,720;INTANGIBLE PLANT $544,043 AND CONSTRUCTION WORK IN PROGRESS TOTALING $6,274,242. 1 X X 0 0 0 DAVE KELSEY DIRECTOR 30870 0 0 0 0 0 0 0 0 0 30870 0 0 0 DANIEL R SWARTZ PRESIDENT 23695 0 0 0 0 0 0 0 0 0 23695 0 0 0 RICHARD A WELDON SECRETARY-TREASURER 12929 0 0 0 0 0 0 0 0 0 12929 0 0 0 MARLENE AMEN ASST SECRETARY-TREASURER 15693 0 0 0 0 0 0 0 0 0 15693 0 0 0 JWILLIAM KELLER DIRECTOR 6547 0 0 0 0 0 0 0 0 0 6547 0 0 0 BRANDON J WITTMAN GENERAL MANAGER 205264 0 0 0 0 0 52669 0 17807 0 275740 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE HAS 15,715 VOTING MEMBERS AT DECEMBER 31, 2015. 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 11 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 XI, LINE 9: INCREASE IN MEMBERSHIP DEPOSITS 3,100. PART XII LINE 2C THE BOARD OF DIRECTORS REQUIRE A FORMAL THREE YEAR AUDIT ENGAGEMENT LETTER CONTRACT FIXING THE ANNUAL AUDIT FEE AND PERFORMS OVERSIGHT OVER THE AUDIT. IN ADDITION, THE AUDITOR IS REQUIRED TO FORMALLY PRESENT THE AUDIT AND ANY FINDINGS TO THE BOARD OF DIRECTORS. ALSO, THE BOARD OF DIRECTORS REQUEST THAT THE AUDITOR PRESENT THE COOPERATIVE STATEMENT OF FINANCIAL CONDITION TO ITS MEMBERSHIP AT THE ANNUAL MEETING HELD IN MARCH OF EACH YEAR.